Volex Share Discussion Threads

[coldfish 2] 22/7/2013 08:47

looks like it is going blue today blud

[coldfish 2] 22/7/2013 08:43

agreed, she is still rising

[aspers] 22/7/2013 08:42

Topped up another £5k at 93p.......sit back and double my money within the year.....this could do another TCG, great recovery stock but you must buy on the fear :-)

[coldfish 2] 22/7/2013 08:39

vlx moving up now

[riskybiznizz] 22/7/2013 08:29

Be VERY quick. Battered share price expected to rebound hard throughout this week...

19 July 2013
FRONTIER MINING LTD
(�Frontier5533; or �the Company�)
Publication of Expert Independent Report
Frontier Mining (AIM:FML), the AIM listed exploration, development and production company focused on Kazakhstan, announces the publication of an Independent Expert Report, by Wardell Armstrong International, entitled �Review and Preliminary Valuation of Baitimir Project Located within the Naimanjal License Territory NE Kazakhstan, dated 16 July 2013.�
Wardell Armstrong International (WAI) is an independent engineering and environmental Consultancy, which has provided the mineral industry with specialised geological, mining, and processing expertise since 1987. WAI was commissioned by Frontier to prepare a scoping report to include a preliminary financial evaluation, based on data provided by Frontier up to 25 December 2012, of the Baitimir project. The project is located within the Naimanjal license, and is comprised of the Baitimir, Yubileiny and Beschoku copper deposits.
This report documents the geological block preliminary modelling and mineral resource as at October 2012, and is a non JORC (2004) compliant desktop report.
The results of the financial modelling show that, when applying various discount rates between 8% and 20% the model produces Post Tax Net Present Values of US$17 million and US$67 million respectively based on income from the recovery of copper, silver, gold, magnetite and molybdenum. The internal rate of return (IRR) for the Baitemir and Beschoku projects are approximately 40% with a payback period outlined in the report of 2.73 years. Wardell Armstrong estimates that the cash operating costs over the life of mine are approximately US$10.01 per ton of oxide ore processed and US$19.79 per ton of sulphide ore.
DCF Model Results (Before Funding and Debt Service):
NPV@ Discount Rate
8%
USD$m
67
NPV(Base Case) @ Discount Rate
10%
USD$m
53
NPV @ Discount Rate
15%
USD$m
30
NPV@ Discount Rate
20%
USD$m
17
IRR
%
40%
The review and preliminary valuation support Frontier Mining�s view that Baitimir is an attractive project with robust economics. Frontier will keep all options open as to the optimal development strategy for the Baitimir whether that be from its own resources, through joint venture or through the sale of the project to a third party.
A full copy of the report can be found on Frontier�s website: www.frontiermining.com
Frontier Mining Ltd
Yerlan Minavar
[phone]
Libertas Capital (NOMAD)
Sandy Jamieson
[phone]
RFC Ambrian (Broker)
John Harrison
Richard Morrison
[phone]
Walbrook PR
Walbrook IR
Lianne Cawthorne (Media Enquiries)
Paul Cornelius (Investor Enquiries)
+44

[masurenguy] 22/7/2013 08:26

Hmmm...........recent optimism here seems to have been based on share purchases worth circa £10K and £25K by the departing and arriving CEO's. Other positives were anticipated savings anticipated from reductions in headcount, a reduction in net debt and the maintenance of a 3.3p annual dividend. Whilst these 3 factors all represented good news they were not indicative of a turnaround here yet. This is still largely a commodity business that is not surrounded by any real moats.

The recent change in CEO, and todays change in CFO, are indicators of new brooms who have yet to demonstrate their ability to sweep clean. An interesting scenario here with good recovery potential if Eisenhardt and Parker can deliver. The 'kitchen sinking' has already been flagged in todays IMS so the
other metrics at the half year should provide some more interesting insight.

This remains on my Watchlist but I'm still sitting on the sidelines here for the time being.

[buywell2] 22/7/2013 08:23

I just looked at the VOLEX website and was amazed at how bad it is

It looks like what a 16 to 18 year old could design at school


Look at the products link

NO MENTION OF OPTICAL PRODUCTS

www.volex.com/Our-products/

[sundance 13] 22/7/2013 08:23

Profits are down at dialight though wyle? Yes you can one bit of it is growing fast, but you can't just ignore the bits that aren't.

[buywell2] 22/7/2013 08:19

This is the bit that Mr Market don't like

''There have also been delays in certain new technology development programmes, including active optical cables, impacting revenue expectations in the current year and leading to growth next year. ''


now does any of the above involve VLX China pruduction facility/s ?

[wylecoyote] 22/7/2013 08:16

Sundance, it is about growth... it can be seen at dialight, but not at volex.

[buywell2] 22/7/2013 08:15

Previous chart support at 89p held first thing

Cost cutting is the easy bit

89p is going to be tested again I would imagine

''active optical cables'' is going to be a problem it seems ... there are others

[sundance 13] 22/7/2013 08:14

Exactly spooky, short term movements often defy logic though, note for example dialight being up first thing, despite another poor trading statement and being on a PE up near 50 this year by the looks of things.

[spooky] 22/7/2013 08:11

Mr market is usually right but i'm slightly surprised buy the move myself, i was concerned that the update may be considerably worse. New management is now in place, the necessary restucturing of the business and it's repositioning is well under way and debt is going in the right direction. The medium term story here is quite compelling, i do have a position already but i will probably add and wait for the half year numbers.

[sundance 13] 22/7/2013 08:08

It's not a profit warning as they've said they are in line with full year forecasts!Yes you can pick out bits that suggest a full on recovery is not yet taking place but then the forecasts clearly never anticipated this happening either.

[buywell2] 22/7/2013 08:04

Mr Mkt thinks so too

New CFO .... funds needed ?

With the changes going on at BoD level and the changes going on in what Volex try to sell

Plus manufacturing products in China

Mean .... a lot of new ... untried elements now for this company hance Mr Market is nervous





As required under paragraphs 9.6.13(1) to 9.6.13(6) of the Listing Rules, the Company discloses that Nick was a director of Harris Miller & Co. (Cutlers) Limited within the 12 months preceding the administration of that company, which was wound up and dissolved on 24 November 1992. There are no further disclosures in relation to the appointment above.

[buywell2] 22/7/2013 07:55

Sounds like a profit warning to me

''There have also been delays in certain new technology development programmes, including active optical cables, impacting revenue expectations in the current year and leading to growth next year. ''


The optical side is seen as a saviour area

The olde consumer area is going down the pan

In other words this company is entering a new market .... and thus far is making a balls of it

[invisage] 22/7/2013 07:35

Should break up as trading is not worse then previous guidance and seems like recovery is on track. Recovery takes time. Market will be reassured and will re-rate the share imo.

[richard98765] 22/7/2013 07:31

IMS: debt down, further cost savings highlighted, revenue down but profits in line with expectations. Overall not a bad IMO

[freddie ferret] 19/7/2013 16:18

We have a divi to look forward to?

EDIT 17th Oct.

[tom111] 19/7/2013 15:23

22nd july I think

[wylecoyote] 19/7/2013 14:17

Is there an rns due out next week?

[tom111] 18/7/2013 10:09

Sitting on the fence I will wait for the results first this is 50/50

[mreasygoing] 17/7/2013 16:43

A big move is coming soon. Caution the false break. Remember the MM's want your shares cheaply !

[mreasygoing] 17/7/2013 16:40

I reckon the MM's will try and shake weak holders very soon. They could take the price lower to shake them out before pushing it higher. Be on your guard for their games.