Volex Share Discussion Threads

[bones] 14/11/2013 08:22

Oh well, in for a penny in for a pound (or vice versa!). Nearly doubled holding so seat belt strapped.

[gswredland] 14/11/2013 08:20

Gonna see how it settles..

[rimmy2000] 14/11/2013 08:20

Glad I got out early. Need to review statement but from posts here looks a bit dire in short term

[pas100] 14/11/2013 08:19

The management team have cleared the decks with this.......... couldn't have made it look much worse:

The impact of working capital movements on the cash flow on H1 FY2014 was an outflow of $14.5m (H1 FY2013: $1.2m). This was principally due to a change in supplier payment profiles following a strategic decision to move to a multi-sourcing supplier model that should enable the Group to become more cost competitive.

They will now take the plaudits over nxt 6 - 12 months


IMO This is a good buy at 86p

[bigbigdave] 14/11/2013 08:18

Bought back some of what I sold yesterday.

[dewtrader] 14/11/2013 08:18

Give the board a chance

Am expecting directors to wade in later

[v11slr] 14/11/2013 08:18

Bought a few at 83.85, should help to mitigate the loss from the others I hold.

[jlo10] 14/11/2013 08:18

Crazy maybe - but added also at 83.75

[robbo35] 14/11/2013 08:17

Been watching for a while and bought in this morning, could still be volatile though. GL all holders

[maurillac] 14/11/2013 08:17

well yesterdays profit is now a distant memory ! should have banked, got this wrong !
now im a long termer ;)
m

[cockneyrebel] 14/11/2013 08:16

Addeed here - deserves to be off but an over reaction this far imo - new board hasn't had a chance yet.

Lots of traders, lots of soread bets, lots of stops.

All imo/dyor etc

CR

[fozzie] 14/11/2013 08:14

caught out here myself and not very happy but have taken some more on a sb at 83.8p, disappointing but hopefully can move forward from here.

[beckaroo] 14/11/2013 08:12

What I dont understand is how they were bragging about reducing debt by 8m to 10m in July due to working capital improvements and then boom, now 40m.

[cockneyrebel] 14/11/2013 08:08

Illiquid - always over reacts in an auction like this - then settles as the stops are cleared and buyers get in cheap imo.

I'll try to add on the lows here.

All imo/dyor etc

CR

[tipjunkie] 14/11/2013 08:07

oooohhhh matron!

[toffeeman] 14/11/2013 08:06

Thank goodness for guaranteed stops!

[wanttowin] 14/11/2013 08:06

Showing already at 94p on my account with the share centre

[v11slr] 14/11/2013 08:03

an optimist?

[toffeeman] 14/11/2013 08:02

Open at 92?

[toffeeman] 14/11/2013 07:55

Well - looks like a kitchen sink job and we don't have long to see what Mr Market makes of them. I guess it's a case of crash the stops with a rebound later in the day?

[bookbroker] 14/11/2013 07:47

Terrible results, and lack of guidance resulting in cut to dividend, amazing that things were allowed to get so bad, maybe if N.R. Investments paid as much attention here as to stake in Bumi things would not have got to this stage, clear markdown at open in offing!