Share Name Share Symbol Market Type Share ISIN Share Description
Volex Group LSE:VLX London Ordinary Share GB0009390070 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -0.87% 42.625p 41.50p 43.75p - - - 0.00 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 258.5 1.1 -1.8 - 38.47

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DateSubject
04/12/2016
08:20
Volex Group Daily Update: Volex Group is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker VLX. The last closing price for Volex Group was 43p.
Volex Group has a 4 week average price of 40.53p and a 12 week average price of 40.79p.
The 1 year high share price is 59p while the 1 year low share price is currently 0p.
There are currently 90,251,892 shares in issue and the average daily traded volume is 32,526 shares. The market capitalisation of Volex Group is £38,469,868.97.
10/9/2016
17:53
she-ra: Duncan Doughnut - To prop up the share price. In any case directors always make sure they do well out of deeply discounted placing and by buying quite a lot they will be able to subscribe to a lot more on the cheap.
05/9/2016
17:14
she-ra: Quite conservative for Liberium. They usually set a target price 200%+ than a current share price and then those in the know about them just laugh.
04/2/2016
16:34
she-ra: 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.
04/2/2016
15:49
pictureframe: 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.
06/10/2015
09:28
rathkum: 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
27/6/2015
08:17
luckymouse: the wiggly bit shows the share price
15/6/2015
08:05
imastu pidgitaswell: Re this fictional supplier, my point is that they would already have these structures in place; while there may be a volume-based increase (e.g. HR) in those costs for an acquirer, it would largely be spreading that support infrastructure over the VLX operations - the substantial duplication could and should be eliminated. That's how acquisitions work - fundamentally similar operations, with economies of scale and eliminating back-office duplication. On the earnings multiples points - all valid and have made the same points myself further up the thread. Current (or last year's) earnings in no way justify the current share price, future cash flow and profitability is key. Forward earnings are difficult to predict, external analyst input is quite poor frankly, and the most useful information is usually from the management presentations - but this is obviously biased. It will be 2016/17 results (not available before mid 2017, 2 years away) before the real underlying profitability is visible. Truth be told, I think there are better shares to be long on, but I also think there are better shares to be short on.
30/3/2015
11:48
imastu pidgitaswell: The chart is showing tentative signs of progress - but we have seen that quite a number of times before. What usually happens then is that Golden Peaks Active Management come out and stomp all over it, dumping more of their formerly 12%+ holding (now c5%) and slamming the price down. Presumably the brilliant intellect that had them buying at higher prices and selling for a loss (to their client - so not their problem, really, as long as the fees keep rolling in...) also cannot compute that if they just laid off the selling for a short period, it might encourage some buyers and the price would rise - at which point they could at least sell some for a lower loss. But I'm rambling. Nothing else to be done until the bloody share price rises - although still a few more to pick up once the tax relief gets paid in to the SIPP later in April. Probably...
23/2/2015
14:51
imastu pidgitaswell: Certainly hoping so, and fundamentally the pieces are falling well, as previously detailed ad nauseam and it is a real gearing play - incremental income to convert to incremental profits (after exorbitant management bonuses, obviously) as the fixed cost base of operations gets utilised better. But the valuation is quite high for current earnings and for 2016 earnings, so it will be a while (imho) before real (towards 200p) recovery is cemented. RE charts, it's also a case of take your pick for which down trend you want to see broken. The shortest one would be a start... ;-) free stock charts from uk.advfn.com The other drag is the seemingly relentless selling - one of the larger shareholders, Golden Peaks (not the ironic version) has been offloading regularly as the price has fallen, presumably forcing them to offload more to keep with their internal rules - a classic case of making a problem worse by their own actions - and by the looks of things are doing the same again today. The first sign of any buying and out comes their broker, disposing. With that going on, the share price cannot recover. 4th Feb 2015..................7.2m shares.................7.32% 8th Dec 2014..................8.1m shares.................8.95% 31st Oct 2014.................9.7m shares................10.27% 21st Aug 2014................10.4m shares................11.54% 14th July 2014...............11.5m shares................12.74% etc etc
15/12/2012
05:53
bobsidian: imastu pidgitaswell "Bob- using current year EPS to value it really is a bit unrealistic - the issue is the level of ongoing profitability from ongoing revenue." If that were the case then why has the share price fallen so far ? The interim financial statements were an eye opener - a pretty dramatic decline in profitability. Following on from those statements, the most recent update was such a serious miss that doubts are bound to be expressed on any forward guidance and profit forecast for the next year. And it is those doubts which can drag a share price much lower than is considered warranted particularly when a share price is taken ex-growth. Expectations of a sharp rebound in FY14 may be a tad optimistic. More often than not in such circumstances share prices have a habit of falling to around 7 times current earnings in the year dominated by profit warnings. That would suggest the share price of VLX bottoming at around 56p. However, it is worthy of consideration that a $10 million annual saving in costs on its own could feed through to an increase in post tax EPS by an additional 8p. So EPS could quickly rebound from a low of 7.5p to as much as 15.5p in FY14 which would then suggest the current share price is already trading on 6 times FY14 earnings. Given just how technically oversold the share price currently is, it will be interesting to see which view prevails.
Volex Group share price data is direct from the London Stock Exchange
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