Volex Share Discussion Threads

[she-ra] 04/2/2016 15:25

Well its 7 year low was 15.25p and that was before they issued a load more shares. So really I'm thinking this could get to 10-12p.

[toffeeman] 04/2/2016 14:55

Who on earth would want to buy VLX? - I would have thought it more likely to continue what seems an inexorable decline.

[pictureframe] 04/2/2016 13:49

Been watching a waiting this one - update is out 26th Feb and the intraday bounce has got me interested. Took a £5k stake on this 11553 share bought , looking like a takeover target to me.

[mach100] 05/1/2016 11:07

60p might see some resistance after a strong run up in the last week. Hope we can breach this. Definitely a change in sentiment after a strong downtrend.

[puffintickler] 04/1/2016 17:49

Has the market finally twigged that this has been oversold?

[dlku] 17/11/2015 08:43

Forecast downgrade after interims

[kmann] 12/11/2015 09:39

Still a lot of convincing to do. Sharp fall in revenue, and plenty of competition and falling demand. Lead customers also being drowned out by competition on quantity and price not helping. Still looks overvalued imo. Need UK 6PENCE eps to justify current share price 30p nearer to fair on current numbers.

[imastu pidgitaswell] 12/11/2015 08:55

Much as expected - which at least indicates their RNSs can be trusted. The comment they made in the last RNS about inventory levels building up in anticipation of H2 product launches by customers did bear out, and indeed they confirm "We are already beginning to see the benefits of these projects in the second half".

Revenue did decline by more than expected though. Significant part of it was currency effects (which also reduce costs), i.e. Brazilian and Euro sales translating into lower US$ amounts, plus the impact of the extra week in last year's comparatives - so the headline decline is actually a lot lower.

Paying yet another CEO to go, albeit only $0.3m, is frustrating. He did appear to be expensive in how he worked, looking at some of the of detail of this year and last year's year's exceptional items - including throwing money at starters, leavers, those who stayed, consultants to tell them how to use their ERP systems, how to use the toilet etc. Not a man to get his hands dirty. So best rid, frankly. Then there were the write-offs from the previous management - Active Optical etc etc. Bad times in recent years.

Dunno - not looking too good, but the doom overdone methinks. Leadership and board structure announcement before th year-end - hmmm. It is profitable (barely), minimal net debt and plenty of cash, revenues should grow. I've seen a lot worse, and I'm sure potential acquirers have too ;-)

[tipjunkie] 12/11/2015 08:38

hmmmm.....there's only so much fat you can trim and then....?

[dogwalker] 12/11/2015 08:36

Not so sad after all, maybe, with today's RNS ? Something's working or worked in the face of falling sales.

[dlku] 23/10/2015 14:23

If sales decline then they need to pay suppliers off and no cash comes in

-----> borrowings go up

------------->Thats why possible bank breach here OR rights issue

--------------------> sad face

[she-ra] 16/10/2015 14:00

time_traveller - I can tell you aren't losing sleep over it.

[time_traveller] 16/10/2015 02:46

Yeah, sure Diku - I think time to leave this kindergarten.

[dlku] 15/10/2015 22:11

Not long now i guess for it to breach bank covenants

[time_traveller] 15/10/2015 17:38

OK - he's worth 40bn. What do I care.

I'll tell him next time I see him in the village; he will be pleased.

While I'm at it, I'll ask him how come he allows an 'insignificant little company' to use his Rothschild name as a prop for their share price.

(How do I do that roll-eyes thingy)?

[she-ra] 15/10/2015 16:42

time_traveller - Stop the aggression. The rumour is supposed to be true.

He's probably been added to the BOD just to prop up the share.

[time_traveller] 15/10/2015 16:22

£40bn?!! Erm, ever so slightly wide of the mark. The rich list puts him at £170m. You refer to the rumoured worth of the entire Rothschild family; a rumour which is equally garbage.

[toffeeman] 15/10/2015 14:23

He is the largest shareholder but his stake is only worth about £14m which is peanuts (or should that be peanut) in relation to his estimated net worth of £40bn.

He really isn't going to be that interested reminds me of Alan Yentob trying to rscue Kid's Company!

Or as someone said - what a Bumi

[time_traveller] 15/10/2015 10:10

With Volex giving Nat Rothschild yet another blotch of red ink, I expect he will be pretty keen to extract some shareholder value now. The management team was looking pretty lightweight, so it is a valuable addition.

[time_traveller] 12/10/2015 13:08

I never would have guessed, wasp factory!

And if the level of sophistication of analysis here is looking at round 20s, then this place really is a waste of time. Pity really because this may be an interesting prospect, and it would be nice to get some properly considered thoughts, but no one with a clue apears to be interested (negative in itself, I suppose)

[opodio] 12/10/2015 12:09

coming off again
stock action behaving like a chinese buisness

[toffeeman] 12/10/2015 12:08

Looks like 60p support is gone so next is 40p then 20p then liquidation!

[waspfactory] 12/10/2015 11:42

Just for clarity - Mike740 and dlku are the same person and he has added ONJohn to his list of names in an attempt to dupe other posters.