Volex Share Discussion Threads

[freddie ferret] 14/4/2016 17:20

Not wonderfull but does this justify the share price fall??

Volex PLC Trading Statement
26/02/2016 7:00am
UK Regulatory (RNS & others)

Volex Group (LSE:VLX)
Historical Stock Chart

1 Month : From Feb 2016 to Mar 2016
Click Here for more Volex Group Charts.

TIDMVLX

RNS Number : 2129Q

Volex PLC

26 February 2016

Volex plc

Trading Update

26 February 2016

Volex plc ("Volex" or the "Group"), a global provider of power and data cabling solutions, today announces a trading update for the year ending 3 April 2016. Preliminary results will be announced by Volex on 9 June 2016.

As stated at the time of our half year results announcement in November 2015, demand was slow in the first half and key customer new product launches were deferred into the second half of the year. Expected demand for both existing and new products from our largest customer was less than expected in the second half of the year, and we now anticipate that sales for the full year will be in the range of $360 to $370 million. Elsewhere we are seeing competition and reduced demand in our Asian power cord business partially offset by positive trends in our North American healthcare business.

Our central cost base has been significantly reduced to better align the business with current revenue performance, and further savings have been identified at the factory level.

In the short term, operational gearing in our business has resulted in a fall in our gross profit margin, and the Board expect to announce full year operating profits (before exceptional costs and share-based payments) in the range of $4 to $5 million.

As at the end of the third quarter our leverage ratio (as defined in our $45million revolving credit facility) was 1.9x and our interest cover ratio was 7.7x.

[nick rubens] 14/4/2016 08:32

Anyone buying at this level and why? cheers NR

[buywell2] 29/3/2016 16:21

Another buywell call comes true



buywell2 - 30 Jul 2013 - 16:17:29 - 1238 of 2263
None the less the chart looks very dodgy now

Any more negative news and it's a big move south

50p even perhaps

Not for widows or orphans

dyor












drewz 1 Aug'13 - 13:18 - 1242 of 2655 0 0

buywell,

your 'contributions' are always so utterly mediocre.

[pictureframe] 29/3/2016 16:09

bit of interest in this lately.

[she-ra] 26/2/2016 17:40

imastu pidgitaswell - Sometimes it actually does.

But I have no idea on the issue.

[freddie ferret] 26/2/2016 17:22

Seems there is going to be a profit. :)

[mach100] 26/2/2016 08:42

I was going to sell first thing on that statement but was not here at 8am. For a change it has worked in my favour as the drop is now only a slight one. I wonder why there was an intraday recovery of sorts. I expected Volex to be hammered and early sellers sure took a hit.

[toffeeman] 26/2/2016 08:13

1. I wish I had had the balls to short it
2. pretty well pumped and dumped I think

[dlku] 26/2/2016 07:33

Another profit warning



As stated at the time of our half year results announcement in November 2015, demand was slow in the first half and key customer new product launches were deferred into the second half of the year. Expected demand for both existing and new products from our largest customer was less than expected in the second half of the year, and we now anticipate that sales for the full year will be in the range of $360 to $370 million.


25p today?

[freddie ferret] 23/2/2016 17:35

Number of trades through and volume on LSE is rising. 29 trades today, 15 yesterday.

[she-ra] 22/2/2016 20:53

pictureframe - They buy a few it goes up slightly then a city scribbler pumps on their behalf in a market report. Thats how it works I heard.

[freddie ferret] 22/2/2016 17:24

Quite a few through today. See trades, also I think this is traded on the ISDX?

[pictureframe] 22/2/2016 13:05

Cant see anyone pumping it. Perhaps leak that results are better than expected? who knows for sure.

[toffeeman] 22/2/2016 13:03

Results Friday - pump and dump?

[pictureframe] 22/2/2016 12:30

Looks like it breaking out of lows - results due shortly.

[pixi] 19/2/2016 12:25

If the markets go down the plughole with the banks under pressure anything can happen. So I'm putting this on my watch list.

[toffeeman] 05/2/2016 08:39

Wish I had the cojones to short this

[pictureframe] 04/2/2016 19:50

We will find out soon enough.

[she-ra] 04/2/2016 16:34

pictureframe - Or you could ignore the Fool like most competent investors do and realise that China is slowing down very quickly and that smartphone growth is almost stagnant. And you might also consider that this is only the beginning of the slowdown. Who knows how bad it could all get. And Volex stockpiling inventory for expected new product launches could actually be very damaging to the share price if management expectations aren't achieved.

[pictureframe] 04/2/2016 15:49

Taken from Motley Fool - sums up salient points.

Volex (LSE: VLX), the maker of a multitude of cabling and interconnect products, was something of a late September dog when a profit warning caused the share price to tumble, contributing to a 47% fall from July’s peak to today’s 44.5p.

But we had a management restructuring in December, and the City bods are predicting a more-than-doubling in EPS for the year to March 2016, which would give us a P/E of only around 11 — and a further 50% EPS rise penciled in for 2017 would drop that as low as 7.5, which looks super cheap to me, despite the absence of dividends.

In these bearish times people are usually looking for safety, but we mustn’t forget that there are still smaller cap growth opportunities out there, and Volex looks like a promising candidate to me.

[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.