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VLX Volex Plc

-5.50 (-1.74%)
20 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Volex Plc VLX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-5.50 -1.74% 310.50 16:35:26
Open Price Low Price High Price Close Price Previous Close
305.50 305.50 317.00 310.50 316.00
more quote information »
Industry Sector

Volex VLX Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 11/2/2024 23:24 by foreverbull
Motley Fool are buying Https:// data centre playFinally, for a 'picks-and-shovels' play on AI, I've invested in Volex (LSE: VLX). This is a small UK manufacturing company that generates a decent chunk of its revenues from the production of high-quality data centre cables.Data centres play a major role in the AI ecosystem as they house the massive amount of data that is needed to train AI models. So, I expect this area of technology to grow rapidly in the years ahead.Volex is well placed to benefit. Its most recent results, for the six months to 31 October, showed that the data centre side of the business now makes up around a quarter of total revenues. And revenues from this segment were up a whopping 30% year on year to $101m for the period.Increasing investment in artificial intelligence technology requires intensive data processing, an application that is ideally suited to the cutting-edge products that Volex has developed.Volex H1 resultsVolex shares currently trade on a P/E ratio of just 12.6. I think that's a steal.This is a smaller company, however. So, the stock could be volatile.
Posted at 07/2/2024 10:05 by eagle eye
Interesting news posted yesterday:

06/02/2024 2:00pm
PR Newswire (US)

Spectra7 and Volex Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper Interconnects
Posted at 22/1/2024 19:13 by igoe104
VLX tipped here.
Posted at 20/1/2024 08:58 by igoe104
VLX should massively benefit from the growth of AI and Data centres popping up globally. Alot of cables are going to be needed....
Posted at 08/1/2024 10:03 by robow
from Citywire

Value at Volex after transition, says Berenberg
Volex (VLX), the manufacturer of electronic connectors, is ‘extruding value’ following a ‘remarkable transition’, says Bernenberg.

Analyst Eleanor Spencer initiated coverage with a ‘buy’ recommendation and target price of 400p on the AIM stock, which fell 8.1% to 299.5p last week. The shares are down from 313p in November when the company reported 16% growth in profits but a fall in electric car component sales.

‘Volex has undergone a remarkable transition over the past seven years from a business with high customer concentration, low margins and limited structural growth,’ she said.

‘Today, we think it has transformed into a diversified, higher-margin, structurally growing business with attractive prospects.’

Despite the opportunities at the group, it still trades at a double-digit discount to peers.

‘We think this looks unjustified and initiate coverage with a ‘buy’ rating and 400p price target. This offers 30% upside in the shares – a gap we expect will close as Volex proves its newfound strength to investors,’ said Spencer.
Posted at 11/12/2023 19:18 by igoe104
VLX talked about from this fund manager.
Posted at 08/12/2023 07:54 by strollingmolby
Thanks mrnumpty. I found the article online in full:

Investing in smaller companies comes with greater risk but offers higher rewards

Questor inheritance tax portfolio: we are sticking with these two small-cap holdings following their mixed recent performances

Smaller companies are inherently riskier than larger ones. They lack the geographical, customer and product diversity, as well as financial strength, of their large-cap peers. This means that their progress can stall following disappointing news that would probably be little more than a “bump in the road” for a larger rival.

The high level of risk that comes with small-cap investing is evidenced in the performance of Questor’s inheritance tax (IHT) portfolio. Since its inception in October 2017, one of our holdings has gone bust and several positions are currently trading at significant capital losses amid a challenging economic environment that is weighing on investor sentiment.

Overall, our Aim-focused portfolio is down around 7pc. While this is vastly better than the FTSE Aim All-Share index’s 30pc slump, the FTSE 100 is flat over the same period.

Of course, smaller companies also offer greater reward potential than their larger peers over the long run. The performance of few, if any, large-cap stocks can rival the 274pc capital return of our holding in Volex since it was added to the portfolio in August 2018, for example.

The manufacturer of cable assemblies that are used in a wide range of applications including consumer electricals and electric vehicles recently released upbeat half-year results. Revenue rose by 11pc, while cost reductions led to an improved profit margin. This meant that operating profits increased by 17pc versus the same period of the prior year.

During the first half of the year, the firm acquired manufacturer of electrical wiring harnesses and automotive battery cables, Murat Ticaret, for $195m. The purchase has the potential to catalyse growth and provides cross-selling opportunities as Volex persists with its five-year plan to deliver annual revenue of $1.2bn by 2027 while maintaining an operating profit margin of 9-10pc.

Achieving that sales figure would represent a two-thirds rise versus 2023’s total annual revenue, which equates to an annualised growth rate of roughly 14pc. As a result, the company’s price-to-earnings ratio of 12.9 suggests it offers good value for money ahead of a new era of accommodative monetary policy that is likely to positively catalyse the world economy’s growth rate.

Volex key facts
- Market value: £561m
- Turnover (Apr 2023): $722.8m
- Pre-tax profits (Apr 2023): $45.8m
- Yield (Apr 2023): 1.3pc
- Most recent year’s dividend: 3.9p
- Net debt (Apr 2023): $103.7m
- Return on capital (Apr 2023): 12pc
- Cash conversion ratio (Apr 2023): 104pc
- p/e ratio (Apr 2023): 12.9

Unsurprisingly, the acquisition meant that the company’s net debt increased during the first half of the financial year. It now stands at $174m, up from $104m six months prior, but still equates to a modest net gearing ratio of around 56pc. Alongside a net interest coverage ratio of five, the company appears to have the financial means to overcome an uncertain near-term outlook.

As a small company, Volex is undoubtedly less protected against economic and industry-related challenges compared with its larger peers. But with a wide margin of safety still present despite its share price surge, it continues to offer investment potential based on its medium-term growth targets and ongoing strong performance. Hold.
Posted at 27/11/2023 11:51 by pcok
Sadly missed the presentation and will have to wait for the replay. Thanks for the comments. VLX now my biggest holding as tightly run with a well defined vision. Five fingers in five juicy pies has got to be a good defensive buffer as well as a solid growth opportunity. I believe the next 12 months will see a rerate of the share price as the latest acquisition beds into the bottom line.
Posted at 22/11/2023 12:59 by greyingsurfer
I've just had a dividend notification from DividendMax claiming VLX is going ex tomorrow for the interim dividend, but giving no declaration date. I can't find any RNS that mentions it, or on the VLX website. And the amount looks wrong for the interim div, same div as the final. Anyone else seen it, or got any info?

I suspect it may be a mistake. Though they did go ex of the interim div around this time last year.
Posted at 22/11/2023 12:55 by dougmachin
Volex Plc have declared a new dividend:

Amount: 2.6p
Dividend Type: Interim
Ex-Dividend Date: Thursday November 23 2023
Pay Date: Friday December 15 2023


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