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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Volex Plc | VLX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.31% | 322.00 | 14:41:38 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 318.50 | 318.50 | 325.50 | 323.00 |
| Industry Sector |
|---|
| ELECTRONIC & ELECTRICAL EQUIPMENT |
| Top Posts |
|---|
Posted at 18/4/2024 11:54 by eagle eye Well done to Nat and everyone at Volex.Great trading update and excellent outlook too. I would expect the shares to tick up over the next few weeks as investors gradually wake up and digest the news. |
Posted at 10/4/2024 17:37 by dr biotech They own less than 2% here, so I wouldn't worry about them too much. Not sure the activist investor is going to be doing a lot of good - forcing a return of cash via dividend rather than B shares. I believe this has some tax implications for those who don't hold within a sipp/isa.I hold API and an activist there prevented their merger and the share price has fallen c15% |
Posted at 10/4/2024 16:21 by dougmachin This is interesting, from 4th April 2024:Background Between the February General Meeting and today's General Meeting two institutional Shareholders, who were supportive of the Company's managed wind-down, and who had voted in favour of adopting that investment policy, sold their holdings to Milkwood, an investor opposed to the managed wind-down, and hence to the B Share Scheme. The Board has been made aware that Milkwood is seeking to secure the future management of the Company's portfolio for itself. Since the February General Meeting, Milkwood has built up an approximately 28 per cent. shareholding in the Company which allowed it to block the implementation of the proposed B Share Scheme. This shareholding compromises the position of the Company's other Shareholders who had voted in favour of the managed wind-down, but to whom Milkwood has not offered a cash exit. As a proportion of votes cast at today's General Meeting (excluding Milkwood's acquired stake), the votes in favour of returning capital through the B Share Scheme amounted to 99.72 per cent. This indicates that there remains a significant body of Shareholders who still wish the Company to return cash to them in accordance with the Company's investment policy. The Board believes that it has a duty to find a way to permit those Shareholders to exit for cash and to invest that cash as they wish. |
Posted at 01/3/2024 22:10 by ali47fish your making thss impenetrable for other investors - cant some one state the issue more clearly and who or what is dsm |
Posted at 08/1/2024 10:03 by robow from CitywireValue 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 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 10:43 by dr biotech Anyone else listening to the investor meet? Sound enthusiastic as you'd expect. Nat has no plans to change career (or so he says). I'm glad they take the time to address PIs |
Posted at 14/11/2023 08:52 by john09 Morning allNew thread for sharewatchers. General chat about SCSW followed stocks so investors can discuss 2024 etc. No sharing of subscriber only information |
Posted at 06/8/2023 12:12 by dougmachin Togglebrush27 Jul '23 - 19:24 - 6567 of 6571Today company mixing the AGM video and an Investor Meet tHe company presentaion (copy available on line) was a muddle, mistake and a mess. More thought should be applied in presenting the company to shareholders and general public. ?? - Not sure what the issue is... good and forward thinking to try this I reckon. Another example of VLX giving a monkeys about all investors, PIs included. Also gave a short Q1 update which was welcome. For the past 2 years, there's been an RNS Q1 update in August. Hopefully, will get one this August too... |
Posted at 22/6/2023 16:32 by hiddendepths Haven't seen a REX deal before. In this case it was only existing shareholders who could participate. The trouble with PrimaryBid is that its use usually trashes the share price for a while as the stags pile in and then some pile out quickly at any price. The only consolation to those not in a position to act, or move quickly enough, is that the PrimaryBid drop usually allows them to pick up shares at the issue price in the open market.I hate Primarybid because it gives short term traders profits in companies they know nothing about and real investors lose out. It makes me spit when companies proudly say that they're looking after their retail investors because that is one thing they are definitely not doing. |
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