Volex Share Discussion Threads

[glaws2] 26/7/2024 09:39

Doh ! Of course you are right zho,

[zho] 26/7/2024 09:26

Yesterday, I think.

[glaws2] 26/7/2024 09:06

Ex div today (2.8p)

[mip55] 26/7/2024 08:17

Pullback likely a mirror of the selloff in global technology stocks having doubts about the AI industry and how extensive and quickly their required data centers will develop . Hopefully just a short term thing as we all know they're coming!

[allstar4eva] 22/7/2024 08:54

Previous resistance becomes support. Backtest complete hopefully prior to further rises from here fingers crossed.

[ijamlon] 18/7/2024 16:34

New 2+ year high

[allstar4eva] 18/7/2024 13:24

Dare I say breakout on the way? Perhaps if I say it quietly

[aishah] 17/7/2024 15:15

Sales of used electric cars soar in UK as prices tumble

Prices of many secondhand electric vehicles now similar to those for petrol equivalents, says Auto Trader

The UK’s market for used electric vehicles is booming after a collapse in prices has left them as affordable as traditional petrol cars.

[acefromspace] 16/7/2024 20:14

Lovely flag forming

[johndoe23] 16/7/2024 12:30

Looks like your thesis is playing out

[aishah] 16/7/2024 12:17

The Labour manifesto addresses data centers stating: “We will ensure our industrial strategy supports the development of the artificial intelligence (AI) sector, removes planning barriers to new data centers.”

Data centre and AI big driver now for Volex:

Data Centre customers are reported within Complex Industrial Technology and represented 41.7% (FY2023: 21.2%) of revenue in this sector. The revenue in this sub-sector increased by 131% year-on-year, partly due to prior year shortages of up-to-date network equipment essential to support the adoption of 400 Gigabit-per-second architecture in data centres. As these shortages abated towards the end of FY2023 and throughout FY2024, demand levels accelerated as customers addressed their backlogs. In addition, the expansion of data-intensive artificial intelligence applications increased demand from Data Centre customers.

[ijamlon] 13/7/2024 16:32

Took 13 trading days but we're now back to the VLX closing price before the results announcement. If history is a guide (and in the absence of other market events) we'll get new highs over next week or two.

[pcok] 02/7/2024 22:11

Tesla sales up last quarter.

[zho] 01/7/2024 11:15

The results get the Paul Scott seal of approval:

from 41:30

[igoe104] 28/6/2024 16:26

For those who missed it
Volex investors meet presentation.

[igoe104] 28/6/2024 15:03

IC Podcast. VLX talked about (10 minutes in)

[valhamos] 28/6/2024 12:04

I thought the Investor Meet presentation was excellent as usual. The key for me was the continued investment VLX is making in long-term business growth. Already they have a 25% increase in capacity coming on stream within a few months following investments in response to customer requirements. And then the increased capex (to 5% of revenue) announced for this year is in respect of several projects which will come online from next year onwards.

[pcok] 28/6/2024 11:59

Very confident webinar based on solid numbers and trends. I will be adding. The world is becoming increasingly electrified and the more complex solutions create high barriers to entry. This is becoming a central holding in my portfolio.

[johndoe23] 28/6/2024 08:19

Fair amount of negativity here currently. I ask myself, can this be a better, larger entity in the future? Yes. 60M PBT with a mcap of 600M strikes me as decent value

[allstar_07] 26/6/2024 23:01

Vlx state in the results that the ev and consumer sectors saw improved demand in H2 so thats encouraging. They also say some of the decline in consumer is due to reduction of copper and pvc costs (although I couldn't see the figures). So, important to rem it's the profit that matters rather than headline revs (margin up 0.5% is encouraging).

[paraguay] 26/6/2024 17:26

Dr biotech. No way Jose, IC are so far behind, why didn't they state this 2 months back. Volex real growth will come from data centre cables etc.... Today's update shows that the real growing revenue stream. I remain invested having been here about 12 months.

[ijamlon] 26/6/2024 16:39

Let's not forget the share price was at 270 just over 2 months ago and had a huge re-rating following the positive April guidance. It's held on to almost all that gain, but without new better news a pause for breath is not unusual. As I've said before, it tends to do well in the month after results if not always on the day itself.

[dr biotech] 26/6/2024 16:34

IC says drop is based on concerns over the fall in EV/Consumer electronics. Also says the new investments will hit FCF. However its they have a great track record of growth and retains its buy rating.

--

Hopefully a better day tomorrow

[valhamos] 26/6/2024 12:57

Good results. With the creation of the Off Highway segment and gains in Medical and Complex Industrial, EV is by far the smallest of the 5 segments. Though pleased with the prospects of recovery in EV, I am hoping this will change the perception of VLX that it operates in diversified markets and is not reliant on the EV sector to turn out great results.

Pleased with the increase in operating margin to 9.8% in H2 which I guess is largely attributable to Murat Ticaret (was 9.3% in H1). In fact there is a lot more to come from the acquisition as it was only completed in August 23.

The announced increase in investment is a positive as VLX have a good track record of earning good returns on investment and would be disappointed if they were not taking advantage of cross-sell opportunities and for increased penetration of Off Highway in North America.

[disc0dave46] 26/6/2024 12:47

No probs. I too got the info as per mfhx2 link.Slightly concerning that their house broker has not changed their target price. On FY03/24 earnings of 26.6p, a fair rating of 15x gives c 400p (Peel Hunts target). I'd pencilled in +10% eps growth for FY03/25 to c 29.3p with a TP of 439/440. So is their broker saying minimal / no growth or what?.Hopefully some confirmation of FY03/25 forecasts will be forthcoming at Fridays Investor Presentation.