Volex Share Discussion Threads

[imastu pidgitaswell] 15/8/2013 16:04

The precipitous 10% drop in a couple of minutes around mid-day is wot did for it - until then it was relatively strong vs the market. Then someone remembered about it. Pity - and difficult nay impossible to react to...

[bones] 15/8/2013 16:01

US is tanking so it's to be expected.

[wylecoyote] 15/8/2013 15:59

disappointing....

[freddie ferret] 15/8/2013 15:54

Toffeeman.

The only way to get round the ISDX problem is to cut and paste the trades in batches of a half dozen or so, a lot can go through on ISDX!!!!

[bones] 15/8/2013 15:24

drewz, someone I know who used to be a trader in an investment bank said that the spread firms run two books, those being the one most retail punters are in and a book that takes the opposite trades which the spread firm profits from. This is because 90% of retail punters lose and they cannot go wrong putting their money in the other direction. I have no proof of this but have no reason to dispute what someone who should be in the know swears is true.

Take your own view on this!

[drewz] 15/8/2013 14:58

Spread-betting is a mug's game, played on a rigged wicket.

Tried it for a few months a couple of years ago with CityIndex and was lucky to get out with only £5k losses.

You only have to look at the profits these spread-betting companies make and their huge marketing/advertising spend to see that you're likely going to be on a losing wicket from the off.

[bones] 15/8/2013 14:09

Yes, imatsu, in my experience, using margined products on relatively illiquid stocks is a high risk approach. I am not saying not to do it because if you have a margined position and it goes as planned, you clean up nicely, but you need to have mental stops for these stocks, in my opinion (only IMO, so always take your own advice here!) because too often the CFD or SB prices often miraculously find out the stops and take them out before a rapid bounce. I am not convinced the behaviour is entirely ethical.

Also, you can find a stock going to "phone only" just when you need to click sell during a rapid move. It's a jungle out there!

[imastu pidgitaswell] 15/8/2013 13:56

Interesting - I gave up spread-betting as a bad habit quite a few years ago, but the main benefit (I thought) of doing it was to minimise the costs of trading, which necessarily means having a very low spread - i.e. large caps only.

What sort of prices relative to the bid/offer are you getting? The same, or close, or worse?

And the 103 trade earlier looks like it could be an example of a stop-loss - taking the price down very briefly, executing it and then moving it back up - 'well sir, that was the market price, so your stop was activated. All part of the service...' etc etc...

[toffeeman] 15/8/2013 13:53

imastu

I spread-bet rather than buy - the spreads are slightly bigger but I can set guranteed stops which reduces my worries - especially on stocks like this one!

I have actually covered the spread this morning which is always nice - until the next sharp move against!

[wylecoyote] 15/8/2013 13:29

Imastu,

yes... I have seen this time amd time again... It drops and ppl panic.. I have done it before too. I only wish this time i had more cash... then I could have brought the dip.

Oh yeah I saw the UC trade at 103 and though, if only I could buy at that point...

[greenroom78] 15/8/2013 12:19

Missed the rally but had some on this dip.

[toffeeman] 15/8/2013 12:19

I have take a very small long as there is a range of 107-120 which I think it will trade within until it gets (if it ever does) the strength to see 120 as support - then it needs to clear 125 before closing the gap.

see the following analysis from Feb - which still holds methinks

[professor x] 15/8/2013 12:18

Maybe just back-testing the 200WMA:

[bigbigdave] 15/8/2013 12:14

Few more for me.

[wylecoyote] 15/8/2013 12:08

big drop on petty volumes...

[bones] 15/8/2013 12:04

Predictably, the lack of volume has meant the price breakout above 115p could not be achieved. As feared in my post 1333, there was no volume backed follow through to the initial rise. This price must now bounce from the current 105p region or there will be no confirmation. It will be healthy if this 105p area acts as a new support though (see chart in post 1333).

[rikky72] 15/8/2013 12:04

Why the big drop? Hopefully see some recovery by close.

[imastu pidgitaswell] 15/8/2013 08:48

No and no... ;-)

Have to say I didn't know about it, and the link is very helpful to add some insight into total volumes. I don't know about the historic trades, but the main page itself goes back to the 8th August at the moment. I think the market is for smaller shares - there is nothing in legislation that says the LSE is the only way of buying and selling shares, and a few of these alternative markets have been tried before. ICAP, who own it, are a FTSE 100 company, albeit run by Michael Spencer who is a bit of a nutter... Anyway, this one seems to have some legs to it. (Health warning - all of that is utter speculation and I have no idea...)



Predictably, a pull-back yesterday, which is not necessarily a bad thing. The headline price always seems to change a few percent on sometimes literally a few shares being traded. End of the week price should give a bit more of an idea - hopefully...

[toffeeman] 14/8/2013 19:12

Some someone please explain the role of this secondary market! Also is it possible to view historic trade volumes on ISDX (I couldn't find the data for VLX)

Thanks in advance

[kambrook] 14/8/2013 11:18

RNS Number : 6777L

Volex PLC

14 August 2013

For immediate release

Volex plc

Additional Listing

On August 12 Volex plc (the "Company") announced that Michael McTighe, former non-executive chairman, has exercised awards under the Volex Group plc non-executive directors long term incentive scheme to be settled by issuing new ordinary shares.

In relation to this exercise a listing application has today been made for 426,667 ordinary shares of 25p each ("Ordinary Shares") in the Company to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. The shares will be issued fully paid and will rank pari passu in all respects with the existing issued Ordinary Shares of the Company.

The shares will be issued pursuant to the Volex group plc non-executive directors long term incentive scheme.

[protean] 14/8/2013 08:51

Shares mag mentioned the bid potential as well in an article a few months back.

"The lowly valuation and recovery potential could even draw a predator. 'Volex' strong market position in the sectors in which it operates, opportunities to diversify out of consumer, and concentrated shareholder base in our view make it vulnerable to a take-out,' says Canaccord."

www.sharesmagazine.co.uk/articles/volex-is-ready-to-regain-its-spark

[dynamohum] 13/8/2013 20:01

Bid coming, 60% held by Rothschild and others who would be amenable if " The price is right"