I think the poor tesla car sales around Europe and other parts of the world in January are having a affect.
EV is only about 18% of VLX sales. But VLX might have to work harder in other areas to make up the weakness in the EV sector, to hit market expectations... |
Bored with these. Sold |
But he didn't get it wrong and it is not a 'blot' on his record! TTG would have added additional markets in aerospace and defence. There would have been a couple of years of hard work taking costs out of the business and sorting the company out but it would have been worth it. |
He's got most acquisitions right, so getting one wrong isn't exactly a large dent in his track record. |
Personally, NR put a blot on his track record with that attempted TTG fiasco. Need another set of results before this moves on. |
Rothschild keeping it down. |
Up market and still tied down |
and the rest |
If no shorts this would easily be plus 300p. |
Match up sites to non-sanctioned customers, eg Viet Nam to US?
Trouble is Trump is such a weathervane that it's hard to keep up with! |
Nat isn't just aware of this shift-he's actively orchestrating it. The U.S. is busy sabotaging its own influence, while China and India are capitalizing on the vacuum, strengthening trade ties and securing long-term economic dominance. This isn't accidental; it's a direct consequence of policies that push allies away. Nat knows exactly what he's doing-reshaping the global order while the West watches its grip loosen. You don't alienate friends without expecting them to find new, more reliable partners. |
Being pragmatic, China and India are the future growth economies and look to be more reliable trading partners than the US. The US is causing a lot of self inflicted damage to itself, you don't treat 'friends' like this, one can end up finding new friends. |
That's right. More than that, he owns Trump as he does the fed...I assure you, that trumps actions have been agreed to by NR!Make of that what you will. |
There have been tariffs before and Volex has exploited its multi-site geographical spread to offer customers something that its competitors could not. No doubt there will be a short-term dislocation (though I suspect Volex has been planning for this for some time) but I reckon VLX will see a similar benefit. |
NR is a trump fan. Would be interesting to see his comments today. VLX has facilities mostly in mexico/china - with some in Poland/vietnam/Indonesia. I don't know how easy it would be to switch manufacturing between sites - and you have shipping costs etc thrown in.
However given that the likes of Tesla manufacture in china/germany as well as the US its not obvious how much of a hit there would be. |
Might be a few years though if Trump has his way! |
This is not going to be a good day. Stay focused on the long-term, this will pass. |
"In a recent webinar, the company mentioned that they benefited last time around but without fully explaining why."
Oh, I'm sure a full explanation has been given. Vlx benefited last time because they were ahead of the game working with their customers and could quickly switch production from China to Vietnam and Indonesia. |
 Small Caps Live 310125:
"Volex (VLX.L) - Trading Update
The organic growth rate of around 10% seems pretty good, although Q3 is only up 2% on Q2. Overall, this is said to be in line:
The Group's underlying operating profit2 expectations for the full year remain unchanged and are in line with market forecasts3. Positive customer interactions underpin confidence in sustaining high single-digit organic growth for the full year, as well as maintaining margins in the target corridor of 9%-10%.
Net debt is $151m after paying deferred consideration and making a small profit from selling their TT Electronics shares. However, there is no mention of the impact of Trump's tariffs, which is perhaps one of the market worries here. In a recent webinar, the company mentioned that they benefited last time around but without fully explaining why. It may be stockpiling by customers ahead of tariffs, but this would be a one-off effect. Overall, it seems harsh that this is down 20% due to the aborted takeover of TT Electronics, when they made a profit on the shares they bought, and are trading in line." |
Yep patience will be rewarded |
Like a wee snake popping out of its burrow |
Time for some shorts to close |
Great to have a major institutional broker like Jeffries covering it and positively. |
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