Volex Share Discussion Threads

[deanowls] 11/11/2013 14:32

hxxp://www.volex.com/images/pdf/productnews/high-speedsfpassembliesforzte.pdf

Well this bodes well?

[imastu pidgitaswell] 11/11/2013 10:56

bones - my stunning insight is that it will go up and it will go down. But not necessarily at the same time (c Eric Morecambe...)

Hope that helps...






Thursday it is for news - sellers on Friday may prove to be insightful, or merely impatient. I refer to the previous comment at the top of this post...

Not expecting too much, I can't see the headline numbers being very good, once the various severances/pay-offs are reflected. But it has been a while since we have seen anything substantive from VLX, in terms of strategy, progress, facts etc etc. I guess it's all about the narrative.

Last time's (July):

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.

[dewtrader] 11/11/2013 07:18

edit - meant to post on esure -wrong thread

[lauders] 11/11/2013 06:00

I wish holders the best as it may have a positive effect on XPP which I hold!

[deanowls] 11/11/2013 03:20

It may also stay where it is?

[bones] 10/11/2013 22:51

So, the general consensus from the gathered brains trust here is that it may go up or it may go down. Splendid.

[professor x] 10/11/2013 22:06

For what it's worth, I think we bounce from here. There's a fair bit of support at this level:

[jbarker5555] 10/11/2013 20:37

CR - agree regarding size of holding, the drop from 3 quid saw to that!! ;) lol

[toffeeman] 10/11/2013 20:25

Stops in place looks grim

[beep_beep] 10/11/2013 06:57

I sold out a while ago, since then Sony has had a profit warning.Not sure they are still a client. Eurozone demand weak as its ever been - hence ECB rate cut.
The share price may go up but then again it may be about to take another tonking to 90s

[pas100] 10/11/2013 06:33

Only 3 buys out of circa 24 trades on FridayStrange selling so close to the resultsHave the sellers lost patience? Confidence? Or both?I am expecting a mainly upbeat statement

[cockneyrebel] 09/11/2013 15:24

I go along with that bones.

In a market like this with stocks on lows I think it's pretty forgiving and even if there is a moderate amount of bad in it the market will take the stock as sold off enough imo. If there's good news then these are up sharply imo.

Agree about size of holding - not enough to have any real damage done to me but a decent few.

I think the new CEO will also be given the credit of any doubt for a while yet too as it takes a bit of time for new CEO's to work their magic and for that to show imo.

All imo/dyor etc. Looking fwd to the trading update.

CR

[fizzypop] 09/11/2013 10:34

WIP or WIMP?

[bones] 08/11/2013 18:34

Not long to wait until updates, 14th November, next Thursday. It's probably a binary bet short term. Either the fruits of recovery are breaking through or it's still a WIP. I have a decent chunk of these but not enough to make it high risk to the portfolio if there is disappointment in the updates. I hold for the recovery potential.

[gucci] 08/11/2013 16:15

I'm out today, good luck wanttowin

[wanttowin] 08/11/2013 16:14

agreed gucci, Been watching avg rise 4/5 % a day for what seems like weeks now.. stubbornness has cost me here, but I will wait for the results which need to be good,and hopefully will reward the faithful..

[gucci] 08/11/2013 15:59

been waiting too long with this, better stock like avg to add to than sit here

[cockneyrebel] 08/11/2013 15:30

A lot of punters selling anything this am when the US futures were off - S&P up 10 now and closing in on a new high.

Mad markets create great potential opportunities imo.

CR

[freddie ferret] 08/11/2013 14:32

Some selling.

[wanttowin] 07/11/2013 11:58

Absolutely flat here,no sign of any build up considering results next week

[toffeeman] 05/11/2013 09:59

CR - I still think the key first point is to hold above 125 so need to see the same selling we have seen at 123 without the plummet

[toffeeman] 04/11/2013 14:31

Funny you should say that CR - was about to post the same but not the bottle! If it does complete the pattern then it should go to 133 but that doesn't close the gap! we saw 133 briefly in September - so on balance not sure about the pattern!!

[maurillac] 04/11/2013 14:13

so good it needed noting twice cr ;)
looks like time for a vlx bounce ala tht
m

[cockneyrebel] 04/11/2013 13:42

Little reverse head and shoulders?

Rally to new highs soon?

CR

[cockneyrebel] 04/11/2013 13:42

Little reverse head and shoulders?

Rally to new highs soon?

CR