Volex Share Discussion Threads

[gripfit] 14/11/2013 10:54

suspect tt group may have this one now.

[smythy4] 14/11/2013 10:36

vlx is looking increasingly grim. Pointless hanging on in here with SO many other stocks taking off on AIM and money being made hand over fist.

FML looks about to take off...overdue financial & op update due, & ex CEO forecasting mkt cap to increase by factor of 8 by end of next year!

Buy FML ..a BIG operations/finance update due any day...dont hang around

[bones] 14/11/2013 10:20

Wyle, nobody said this was a 6 month turnaround. The market always over-reacts every time Volex come out with something, just check the last year. Hold for 2 years and stop checking it daily (I am looking in the mirror when I say that!).

[cestnous] 14/11/2013 10:09

Out first thing this am at a small loss. This turnaround is going to take far too long imo.

[wylecoyote] 14/11/2013 09:58

I learnt a massive lesson here, having potential and delivering are two different things. Shame, the clues were there too. I just thought that the trend pattern might have been suggesting something.

[dewtrader] 14/11/2013 09:57

Who is the biggest shareholder - might they bid?

[bones] 14/11/2013 09:53

bookbroker, they say themselves that this is a fragmented market. Implication seems to be that consolidation in the industry is due/overdue, in which case it's merge, acquire or be acquired. They are too weak financially to buy so a financing may be necessary if that is their aim. Who could pick them up?

Dropping the dividend is fine, I would be wary if they carried on paying it for their own benefit as shareholders when cash is needed for reinvestment.

Remember these were 300p before the rot set in so we are already at a low level reflecting their mess and restructuring needs. From here it either flies as the world recovers or it dies a slow death as they get picked off.

[ruethewhirl] 14/11/2013 09:44

Ouch.

What is the rationale behind buying now?

Dead cat bounce?

Surely more pain to come.

ps Sanks has arrived on a tingle of the bell end. Not a good sign.

[bookbroker] 14/11/2013 09:42

A combination, the IMS statement even in July/August 2013 has absolutely no relationship to todays statement, as far back as the beginning the year they had incurred $14mln. restructuring costs, doing what I may ask! I get the feeling that management became complacent, they had one two good customers and then they lost them, very little to fill the gap, and I agree to the above comments that this is a low margin, commodity business, getting closer to their end markets is a start, is it enough?

[pearlfisher] 14/11/2013 09:40

I'm in. Difficult to get much volume but picked up 25000 at 89.4 which I'm happy with. I think we'll soon be back around 100 but I'm in for the turnaround not a quick flip.

[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