Volex Investors - VLX

Volex Investors - VLX

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Volex Plc VLX London Ordinary Share GB0009390070 ORD 25P
  Price Change Price Change % Stock Price Last Trade
-1.50 -0.42% 359.00 16:35:21
Open Price Low Price High Price Close Price Previous Close
364.00 354.00 364.00 359.00 360.50
more quote information »
Industry Sector
ELECTRONIC & ELECTRICAL EQUIPMENT

Top Investor Posts

DateSubject
15/4/2021
10:52
whittler100: I added further this morning: that was an excellent trading update and certainly a company doing well in the right place at the right time. I suspect with VLX it’s some of the hair-trigger happy RNS types shooting at the sell button & quite possibly hitting their foot. VLX has increased fourfold since I purchased and as ever, I am never afraid of adding to quality as the growth of the company and share price appreciates. On the other hand, after such a good price appreciation these past 12 months I can understand some investors taking a profit.
19/2/2021
10:45
its the oxman: Encouraging update from Downing Strategic micro cap fund. Investor letter dated 19th Feb. Also posted on other thread I see. Continues to beat expectations. We see further upside potential through bolt ons.VOLEX remains the largest equity position in DSM. 2020 really was an inflection year for the business and it enjoyed significant multiple expansion. In our most recent investor marketing calls we have been asked about the investment case for Volex given the share price increase and whether we can justifiably continue to hold.We think there is still a significant runway for the Volex share price. At the time of writing, the shares are still trading on around a 20% discount to sector peers. We think is unwarranted due to the quality and growth characteristics which we set out in the February 2020 letter – higher growth; better cash conversion; higher margins and higher returns on capital than most of its peers. In the last letter we set out a pathway to $65 million of operating profit by FY2024, and we now think that this could be achieved earlier. Consider operating profit of $20.9 million in the most recent financial half year. Also consider Volex's exposure to electric vehicles (EV) and the growing run?rate here, along with other structurally growing areas such as data centres, and the positive read across from other Volex peers and/ or target sectors, particularly in consumer electronics. Combined with Volex's most recent acquisition, DEKA, which should generate at least a full year EBITDA contribution of €8.9 million and where we think there is upside risk here too given management's comments around further capacity investment in the business. Over a longer period we think DEKA could be a $10 million operating profit business, with strong growth drivers given its market leading position as the most cost competitive operator in the power cord market. This latter point we find compelling for the wider Volex group, with the opportunity to transfer this knowledge into Volex's Asian business, which would allow more competitive tendering in markets which Volex doesn't currently serve.These earnings tailwinds may be tempered by some increasing FX headwinds and copper price inflation, DEKA also hasn't completed in January as expected, but this is a timing issue rather than anything fundamental. Longer term there remains a significant growth runway for the business, both organically through structurally growing areas such as EV, data centres, and medical. But also, through acquisitions. We think that $65 million of operating profit can translate down to around $50 million of normalised free cash flow, or $40 million after dividends. Assuming acquisitions going forwards are more expensive at 8x operating profit, there is a pathway for Volex to double its $65 million operating profit target over the next 10 years, drawing down on the new $100 million facility could accelerate this realisation. Well executed roll?up stories with top quartile fundamentals and ample opportunity for capital deployment can trade at up to double Volex's rating, so the potential here is still high and unrealised, in our opinion
09/2/2021
16:17
racingstripes42o: Bloomberg terminal shows that Volex has attracted big name investors at the end of 2020. It really shows investors are backing Volex with new plants going up globally during November. https://finance.yahoo.com/quote/VLXVX/holdings?p=VLXVX
19/1/2021
09:19
owenski: Shares get tipped. Market Maker's mark them up. Numpty's - who can't work anything out for themselves, and thus lack any conviction - arrive. A week later the share price hasn't doubled. Numpty's get bored and sell. Share price moves down on lower volumes. Proper investors still remain.
05/1/2021
18:13
its the oxman: Summary of stockopedia 2021 pick comment.Volex is very much a quality and momentum play, with solid signs of robust profitability and business strength. Its cash balance is strong and improving and it's debt free. Shares in the company performed exceptionally through 2020 and brokers have responded to new acquisitions with upward revisions to earnings forecasts. It's not outrageously expensive, but value investors might be deterred by a fairly rich rating.In the H1 results last November, executive chairman Nat Rothschild, said: Our outlook for the remainder of the year remains unchanged, absent any material disruptions that may be caused by Covid-19, and we continue to invest across the business in order to meet customer demand and deliver on our long-term growth prospects
10/12/2020
00:55
davidosh: Just to mention that the Xmas special MelloMonday BASH will feature Volex on the 14th December and I think shareholders and potential investors will appreciate the analysis. The Mello Monday event starts at 6pm The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets. https://melloevents.com/mellomonday-14th-dec/ All investors welcome and if you use the code MMTADVFN50 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.
27/11/2020
07:54
inever: Downing had 8m Volex in August. They trimmed to pay redemptions by investors in their open ended trust fund.
26/11/2020
15:02
igoe104: I was under the impression that ruffer and Downing were rebalancing their portfolio because there position in VLX was too big of a percentage in there portfolio. Hopefully the selling won't continue from them. That's why buying into these funds aren't a great idea, because certain rules about having a oversized company etc permit them riding there winners for long periods. Whilst Private investors can hold as long as they like.
26/11/2020
09:58
valhamos: Sooty - relax; you said a few days ago that you've been in VLX since 2016 (and I've been in since 2012) so you must know how the price is prone to move around a bit. Nothing untoward this time for longer term investors like us.
09/11/2020
00:18
davidosh: Just to mention that Judith Mackenzie of Downing who are one of the key shareholders in Volex will be interviewed by me on MelloMonday tonight. She will also be one of the panelists on the BASH session. The Mello Monday event starts at 6pm The full programme is available on the website. In the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four/five companies are a Buy Avoid Sell or Hold at this current juncture in the markets. Https://melloevents.com All investors welcome and if you use the code MMV5 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.
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