Volex Share Discussion Threads

[bones] 22/9/2013 22:13

Volex have stressed that they will not fall into the trap of relying overly on one big customer, so I expect they would want to play down any new business that they may win back from Apple. They will take it but prob not boast.

[toffeeman] 22/9/2013 18:59

Ima:

So good to see a long being circumspect - respect

[imastu pidgitaswell] 22/9/2013 10:54

Except

1) they're not flying off, certainly the the 'C' ones; and
2) as far as we know, they don't make the iPhone 5 connectors - that's what the first profit warning last year was all about. That may have changed, given that Apple did have their replacement connector promotion earlier this year and made a point of diversifying their supplier base, but I imagine if VLX were part of it, they would have said so.

I guess there are other factors behind it.

[deanowls] 22/9/2013 09:36

All those iphones flying off the shelfs are not going to do the share price any harm are they ;-).

Anyone know when the next update is?

[cyberbub] 20/9/2013 17:29

Good so we've got that 125p close now... personally I think 150-160p before a pullback but WTHDIK?GLA

[toffeeman] 20/9/2013 17:12

The chartists have been her for a while!

The chart says it needed a close above 125 to take the next leg to 140

[pas100] 20/9/2013 16:58

Bring on the Chartists!

VLX is in the 1 week, 4 weeks, 12 weeks & 26 weeks Break Out lists so they should be able to find it!

Happy days

[imastu pidgitaswell] 20/9/2013 16:38

Right, no two ways about it, that is a breakout, and a very nice looking weekly chart:



Quite helpful (imho) that it didn't go mad today, otherwise it would have been straight back next week. I do think it will have to test 120 again, but there's always a chance it won't, and in any event, the chart above should get the scribblers and charty types' interest. Next week.

[deanowls] 20/9/2013 12:06

The comparables on the previous year are going to be low, if they can get the opticals going also it should be putting in some good percentage increases, less wastage on the output. I love these kind of companies that have to go back to basics, looking at every cost, photocopiers, wastage, staff resources, leccy usage, they come out of these times better than they were previous.

[cockneyrebel] 20/9/2013 11:45

I'll be keeping hold - doubled my money in 4 months here in 2010, trebled it in 10 months.

Been buying back at what I bought at in 2010 again :-)

CR

[aspers] 20/9/2013 11:39

I usually jump far too early, I like to bank profits of greater than 10% hence my early jump today......I have been in VLX for a long time and hope to be here when we hit 250p but in the mean time happy to keep trading in and out....on past form we may expect a fall back before the next leg up. That said I told myself last week just to stop looking till May next year, in that way I would not get jittery fingers!!!

[vivgav] 20/9/2013 11:36

Better volume also.

[imastu pidgitaswell] 20/9/2013 11:00

But there will be a lot of tidying up in the numbers next time - various severances, including the CEO, the short-lived FD (what happened?!) plus the operational people on some of the lower margin business they are no longer pursuing. Together with the projected revenue fall from exiting that business, the numbers won't look good, so it will all be in the narrative they give.

And to get through the 150-180 area, I reckon the narrative will have to be visible in the set of numbers after that.

As I say - if a potential predator can see it before it happens, then anything's possible - I'd rather see tham succeed operationally, then get a takeover bid, so instead of seeing a bid under 200 imminently, we'll get 300 or so over a 12-18 month timespan.

[cockneyrebel] 20/9/2013 10:52

Hmm, feels more like a decent trading update coming imo. Board changes all in place, directors been buying.

July statement said the following - hard to see disappointment after that and a new board that want to make a name for themselves imo. All just my opinion obviously but the sounds and the chart look interesting to me.



Annual General Meeting and Interim Management Statement
Volex plc ('Volex' or the 'Group'), the global provider of electrical, digital and optical connectors, is today holding its Annual General Meeting during which the Chairman will make the following statement on trading for the 16 weeks to 22 July 2013.
Group Trading
Although market conditions continue to remain challenging across all sectors, trading during the period was in line with Board expectations.
As stated at the time of our preliminary results on 28 May, we continue to focus on margin improvement. This has involved taking a disciplined approach to business that was not delivering an adequate gross margin. This has resulted and will continue to result in a reduction in revenues, principally in our Consumer division. 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.
Following the good progress that was made in the second half of last year to rationalise the business, we have identified further opportunities to reduce operating costs this year. We anticipate making in excess of $3m of additional annualised operational cost savings which, when combined with the cost savings already identified, brings the total annualised cost reduction to approximately $20m. This should further enhance the cash generating potential of the Group.
Overall the Board expects full year underlying operating profit, defined as normalised operating profit before exceptional restructuring costs and share based payments, for the year ending 31 March 2014, to be in line with Board expectations.
The Group has reduced net debt at 30 June 2013 by $8.7m to $10.8m (31 March 2013: $19.5m) reflecting improved working capital management.
Management Team
Our new Chief Executive Officer, Christoph Eisenhardt, joined Volex on 1 July 2013. He is working very closely with the Board to review all aspects of our operational structure and performance to identify further opportunities to build sustainable long term shareholder value. We look forward to sharing detailed results of this review at the half year results presentation.
We are also pleased to announce the appointment to the Board of Nick Parker as Chief Financial Officer from 1 September 2013. Nick joins Volex from WANdisco plc where he was Chief Financial Officer and part of the team that delivered one of the most successful IPOs in recent years.
The Board would like to thank Daniel Abrams for his valuable contribution to the on-going repositioning of Volex and wish him every future success. Daniel will remain with the company until 30 September 2013 to ensure a smooth handover.

[imastu pidgitaswell] 20/9/2013 10:35

Have to say I wouldn't be buying at 150 - it will take a lot to get through the noise from 150-180, and the market will definitely need to see firm evidence from the company about the turnaround. And even then it will take a second report to break through 180, I would think.

Unless there's a bid, of course...

[bookbroker] 20/9/2013 10:33

I'll be buying when it hits 150p, already in but it's got to be for real, many false dawns!

[bashor] 20/9/2013 10:33

Still very thin volume, agreed a close above 125 is what's required

[vivgav] 20/9/2013 10:24

WHY ASPERS?......seen chart gap to 150?

[maurillac] 20/9/2013 10:23

well everyone to his own but that seems rather early to me !
m

[aspers] 20/9/2013 10:21

Bound to shoot up just taken a nice profit at 126.25 :-)

[maurillac] 20/9/2013 10:20

now ... if that bowl completes ;)
m

[cockneyrebel] 20/9/2013 10:13

Now that's a break out :-) - when this one rises it can be rather exciting imo.

CR

[imastu pidgitaswell] 20/9/2013 10:13

True, but this does look more like the real thing.

And in case it does the usual, this at least is a record (weekly chart) that it did look good at one point:



A close here or thereabouts would auger well. Don't want too much too soon.