Volex Share Discussion Threads

[freddie ferret] 07/10/2015 16:14

To soon to call, but is this a floor?

[freddie ferret] 06/10/2015 17:17

Personally I did not think the update bad, results for the second half could be decent.
However I am more worried about the global economy this could impact VLX hard IMHO.
Long term cheap copper could be a plus however.

[time_traveller] 06/10/2015 10:42

Daren Morris made two purchases, totalling £20,930.

This update has rightly spooked investors, and with such an illiquid stock, selling is killing the price, while buyers sit on their hands, so some over-shoot is inevitable. Whether it has reached that stage, I'm not sure.

[rathkum] 06/10/2015 10:28

Director shareholding was an example of the worst type of Director buy - it's small (only £6,650), and comes shortly after bad news (a profit warning).

Brokers & PR people need to stop advising Directors to buy a few shares after a profit warning - it doesn't give investors confidence, quite the opposite actually - it just looks like a feeble attempt to manipulate the share price!

Whilst the profit warning doesn't sound too bad, with the CEO having gone, I expect there will be another kitchen-sink process, and yet more restructuring costs. Maybe another fundraising might be needed too?

Stay clear until sub 50p

[time_traveller] 03/10/2015 10:34

I think you said that already, diku.

[dlku] 03/10/2015 00:54

Will it need another rights issue? I think it will, 30p?

[time_traveller] 02/10/2015 21:17

I'm not a chart user, but I think intraday, it touched 61.25p earlier in the year. Granted, the down trend is obvious. Not easy to get rid of biggish quantities in a fall like this; I did try, but now at this price, I'll keep whats left for a punt - I looked at the financials again, and I cant envisage any imminent crisis, but they do need to execute a more convincing transformation plan, some time soon - or have someone else come in and do it for them!

[freddie ferret] 02/10/2015 17:24

Significant fall today, IMHO.

[toffeeman] 02/10/2015 16:30

Only minor support I can see is 56 but I don't imagine it will hold. If a had stock and didn't want to sell, then I would short as insurance.

[time_traveller] 02/10/2015 15:53

I'm surprised anyone bought while this knife was falling, (including the CFO and Ruffer, though the CFO has bought twice now - if it was a token gesture, I think once would have been enough). There may be support at 61p. They couldn't have worded the RNS any worse if they'd tried, as it created uncertainty what's going on. I'd much rather it had been a proper profit warning, as at least it would set up for a bounce if the next results are in line.

[tipjunkie] 02/10/2015 15:19

Building up inventory = shoving stuff in stock that they can't sell

[fillipe] 02/10/2015 14:31

Building up inventory = profit in stock ....helps the bottom line - temporarily.

f

[scantrader] 02/10/2015 13:05

Imo it was a peanuts purchase compared to his existing holding, a PR gesture attempting to prop up his existing stake.

I still think the share price is too high even after the drop (see my previous post), but decided to cash in my short now and transfer it over to DIA (even worse value imo).

[time_traveller] 02/10/2015 12:13

It seems a bit unlikely a rights issue is on the cards if the CFO is buying up shares.

[tipjunkie] 02/10/2015 12:08

I blame Vince Cable personally, I do.

[dlku] 02/10/2015 12:06

Will it need another rights issue? I think it will, 30p?

[dlku] 02/10/2015 12:05

its a toilet bowl dont you know toffeeman. I wouldnt drink from it

[toffeeman] 02/10/2015 12:03

DK what you mean - I can see a bowl - problem is it's inverted:)

[dlku] 02/10/2015 11:59

what a brimful crock of sheet

[time_traveller] 02/10/2015 11:57

5 year share price low I think. CFO confident, but it doesnt look like anyone else is.

[coolen] 01/10/2015 19:57

Dead right T/traveller, actual trade time was 2pm on 29 September.

[time_traveller] 01/10/2015 17:31

Showing an 138,400 trade at 71.75p after the close. I suspect it's just a delayed report (?).

Edit - now its disappeared

[imastu pidgitaswell] 01/10/2015 10:36

Finncap buying the story, at least:

hxxp://sharedealing.nandp.co.uk/broker-views/VLX/Volex-Group


Edit - and so are Ruffer, increasing their holding. Better than dumping it...