Volex Share Discussion Threads

[puffintickler] 14/11/2013 09:39

I was having a trawl through my share watch list so had a look at these before the interim results. They looked interesting but clearly the results were going to have an element of kitchen sinking so decided to wait for the interims statement. In the event they threw out the whole kitchen.

But even with a 30% price fall I cannot see the interest in buying here, even next year's results look like they will be poor. Take the half year results, add 10% turnover, take out exceptionals and add some interest you still end up with a loss.

It needs one hell of a turnaround to transform that forecast into a healthy profit. Not really any risk of going bust but I can see a further big fall before recovery here. I am staying out.

[bones] 14/11/2013 09:33

bookbroker, care to explain what you mean? I can't decide if you are taking a pop at the old management or the current one!

[bookbroker] 14/11/2013 09:32

The same could also be said for Golden Peaks, if they are activist managers then maybe it's time they got more active otherwise they might as well head for the exit and fast!

[bookbroker] 14/11/2013 09:29

1866 - Here cometh the parasite, anyone got any vermin control gear on them, the usual meaningless drivel spouts forth, I will say that looking back over the last fifteen months this co. has lacked all direction, we've already had significant restructuring costs outlaid and there is little connection as to todays statement to all the other IMS' over the last year, what the 'eck have the management been doing, bunch of incompetent oafs, appears they have running around the office like headless chickens wondering where their market is heading, all they need is a bit of focus and execution, time this co. brought in some heavy hitters who understand the future of the cable(less) industry, this co. is certainly well-enough established to be able to participate!

[tom111] 14/11/2013 09:27

I will say nothing CR

[sanks] 14/11/2013 08:49

Exactly...companys well versed in rights and d4e!!
Me and Sheila are looking to enter at 9p

Hope it helps

[kibes] 14/11/2013 08:43

Debt rising far too quickly - will need a rights issue or a placing soon? I am out at 86p.

[masurenguy] 14/11/2013 08:42

Masurenguy - 1210: This is still largely a commodity business that is not surrounded by any real moats. The recent change in CEO, and todays change in CFO, are indicators of new brooms who have yet to demonstrate their ability to sweep clean. An interesting scenario here with good recovery potential if Eisenhardt and Parker can deliver. The 'kitchen sinking' has already been flagged in todays IMS so the other metrics at the half year should provide some more interesting insight. This remains on my Watchlist but I'm still sitting on the sidelines here for the time being.

Despite quite a lot of upbeat sentiment here over the past couple of months they still have it all and more to do. The price fall of circa 25% following the interims almost takes them back to their 3 year low last December. Happy I stayed on the sidelines but will keep it under review for some signs of real progress !

[cockneyrebel] 14/11/2013 08:35

Bounced off the Dec 12 low support at 82p today.

CR

[invisage] 14/11/2013 08:34

CR

How many times have you sold VLX between July 13 and now ?

[cockneyrebel] 14/11/2013 08:32

I think several posters warned not to have too many here - trouble is some have them geared on CFD's and spread bets which means any hit is so much imo.

Just as likely to see director buys later and the shares reversing a lot of the losses and then the traders return.

I'll hold, only had a few and looking to double that. added one lot so far.

CR

[dewtrader] 14/11/2013 08:22

Added, will be 120p again in a few weeks imho

[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