Volex Share Discussion Threads

[willy26] 24/9/2013 12:49

IMASTU

Could be people playing safe in selling.Markets looking uncertain again.

[willy26] 24/9/2013 12:49

IMASTU

Could be people playing safe in selling.Markets looking uncertain again.

[imastu pidgitaswell] 24/9/2013 12:26

It'll be in his contract, viewable at the AGM (should anyone be bothered to go) and also published in the next set of financial statements - a good while away.

Quite a bit of selling, lowish total volume but numerous individual trades. Some of the quick buck types, to be expected. A bit surprised the marketmakers haven't used it as an excuse to rip it down 5% or more as they have done for the year so far.

Augers well?

[cyberbub] 23/9/2013 21:41

Disappointing they won't say what the "certain performance criteria are? I recall that Trinity Mirror TNI gave their new CEO a bunch of options, vesting when the share price had reached 75p, 100p, and 125p (if I recall correctly)... this when the share price was under 50p... naturally it rocketed!

[bones] 23/9/2013 21:34

"Give us 400+ share price and I'll ask no questions..."

Hear hear, imastu!

[imastu pidgitaswell] 23/9/2013 16:58

And to put it in perspective, a cheeky little 630,000 options award (at nil?!) for the new CEO, subject to certain performance criteria by 2016.



Give us 400+ share price and I'll ask no questions...

[imastu pidgitaswell] 23/9/2013 16:44

As I understand it, existing holders (actually those who held before ex-div day and who still hold) have three more days to opt to buy more at 116p:



Not going to make anyone rich, being 10% (less charges) on a 2% dividend if you bought and then immediately sold in the market. But a bit better than straight cash?

[imastu pidgitaswell] 23/9/2013 15:55

Take it all back - they are flying off the shelves:




Let's hope VLX are in for some of it...

[bones] 23/9/2013 13:50

chickcrumbs, it's a term used by chartists meaning old buyers who get stranded by the share price dropping lower from their buy price and not recovering. They are just pleased to breakeven as they get tired of waiting for profit but have a psychological block against taking losses in case it gives away the size of their genitals. But I am sure you knew that anyway!

[imastu pidgitaswell] 23/9/2013 13:48

As it happens, yes. A buyer who watched the price fall below his purchase price and has waited for it to rise to around the purchase price so they can get rid. A seller waiting to happen, basically.

[chickcrumbs] 23/9/2013 13:44

Stale bull...is that a technical term?

[imastu pidgitaswell] 23/9/2013 13:31

There are a few misguided and foolish stale bulls who were buying at 140 and above who will NOT be selling at 140-odd though. Mentioning no names, though...

;-)

[bones] 23/9/2013 11:53

I agree Toffeeman, here is one I showed a few weeks back. Plenty of stale bulls buying at 140p before the last warning, will probably sell in the 140p region. After that, I see 160p as the main resistance.

[protean] 23/9/2013 11:49

Yes, you're right - my mistake. I was looking at the line chart above and not the bar chart.

[toffeeman] 23/9/2013 11:43

Resistance at 140 NOT 150

[protean] 23/9/2013 11:33

Chart-wise no resistance until 150 so should make it there fairly quickly given recent momentum.

[imastu pidgitaswell] 23/9/2013 11:17

The geneeral point is true, but in the case of Volex, I find it staggering that N+1 Singer had price targets in 2012 and 2013 as follows:

Date Company Name Broker Rec. Price Old target price New target price Notes

08 Aug 13 Volex Group PLC N+1 Singer Hold 128.75 - 101.00 Retains
10 Jun 13 Volex Group PLC N+1 Singer Hold 128.75 95.00 104.00 Retains
28 May 13 Volex Group PLC N+1 Singer Hold 128.75 - 95.00 Reiterates
02 Apr 13 Volex Group PLC N+1 Singer Hold 128.75 95.00 - Reiterates
13 Feb 13 Volex Group PLC N+1 Singer Hold 128.75 90.00 95.00 Reiterates
12 Feb 13 Volex Group PLC N+1 Singer Hold 128.75 90.00 90.00 Reiterates
18 Dec 12 Volex Group PLC N+1 Singer Hold 128.75 200.00 90.00 Downgrades
12 Nov 12 Volex Group PLC N+1 Singer Buy 128.75 230.00 200.00 Reiterates
31 Oct 12 Volex Group PLC N+1 Singer Buy 128.75 230.00 230.00 Reiterates
20 Sep 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 230.00 Reiterates
10 Aug 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 340.00 Reiterates
03 Aug 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 340.00 Reiterates
26 Jul 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 340.00 Reiterates
20 Jul 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 340.00 Reiterates
29 May 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 340.00 Reiterates
03 Feb 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 - Reiterates
18 Jan 12 Volex Group PLC N+1 Singer Buy 128.75 340.00 340.00 Reiterates


Compare the price targets with the prevailing prices at the time, usually after the trading updates. It beggars belief and demonstrates zero insight or usefulness. Other than getting their poor client to sell too late and buy too late.

But in this case, with a rising share, all buying should be helpful...

;-)

[paulypilot] 23/9/2013 11:12

imastu,

I very much agree with you on broker price targets - they are completely meaningless, as they just tend to track the actual share price up & down!

So no insights whatsoever on price targets.
That said, I do find broker notes useful for general information on companies, but personally I always totally ignore their price targets.

Regards, Paul.

[bones] 23/9/2013 11:11

Today's trades to date on ISDX (mainly buying at the ask):

Date Time Board Type Volume Price
23/09/2013 10:49 GBX/PLUS-exn New 4,882 130
23/09/2013 10:03 GBX/PLUS-exn New 2,000 130
23/09/2013 09:39 GBX/PLUS-exn New 769 130
23/09/2013 09:24 GBX/PLUS-exn New 1,000 130
23/09/2013 09:06 GBX/PLUS-exn New 1,650 129
23/09/2013 09:04 GBX/PLUS-exn New 2,314 129.62
23/09/2013 09:03 GBX/PLUS-exn New 2,699 127.25
23/09/2013 08:55 GBX/PLUS-exn New 176 129
23/09/2013 08:45 GBX/PLUS-exn New 2,300 129.5
23/09/2013 08:14 GBX/PLUS-exn New 769 128
23/09/2013 08:13 GBX/PLUS-exn New 1,562 128
23/09/2013 08:13 GBX/PLUS-exn New 1,562 128

[imastu pidgitaswell] 23/9/2013 10:49

The other brokers (as well as Investec) should be issuing updates soon, no doubt with new price targets (from their current targets of 101 and 97) at or higher than the current price - they're total sheep with zero insight as they proved during the plunges, only changing their ratings and target prices after the precipitous plunges.

hxxp://sharedealing.nandp.co.uk/broker-views/VLX/Volex-Group

I guess when they do, it should help

[pas100] 23/9/2013 09:10

Spreadbet spreads are 5.5 for IG Index and 5.76 for interactive as well

Pity was going to go long and add to the portfolio

Thye won't be able to hold this back for long though

[imastu pidgitaswell] 23/9/2013 08:50

It's the old weekly chart thang - always attracts them once they see it:



Spread widening though - trying to put the brakes on...

[cockneyrebel] 23/9/2013 08:43

Some right strength here imo.

CR