Volex Share Discussion Threads

[penycae] 15/11/2013 09:19

Morning all.
Me and the monkey jumped ship at 94.76. Didn't make a fortune, but enough on a day trade.I think the market might sell off a bit during the day, so closed a few longs that were in profit, and taken a few positions (not here) on the dark side, just to balance things up.
If this slips on any sell off, we'd be back in if we could get them sub 90p.

Trade well and prosper Earthlings.....

[imastu pidgitaswell] 15/11/2013 08:59

Debt problem ($41m not £45m) - not necessarily.

They adopted a supplier payment pattern to take them from $20m to the $40m over 12 months - which is also a bit seasonal, the year-end position being $10m better. They didn't have to, they chose to, in order to benefit their price competitiveness (lower supplier prices for better payment terms by VLX)

It also follows a period of exceptional capex investment upgrading the manufacturing (just while revenue was declining, duh...) and (less exceptionally?) severances and pay-offs.

So as they said yesterday, having thrown out the whole kitchen never mind the sink, the cashflow from here will make them look very good, net debt and all.

Options all round...

[zoolook] 15/11/2013 08:52

Its a well financed company with a new team kitchen sinking bad news implicitly blaming the old team and they can appear superhero-like on comparatives. We've all been around long enough to recognise this. No?

[zoolook] 15/11/2013 08:47

Its $41m dollars net debt not £45mGBP

[wylecoyote] 15/11/2013 08:33

dew trader, net debt...i think they have enough headroom at the moment. it is the declining earnings and revenues that is mostly the problem.

[dewtrader] 15/11/2013 08:21

The £45m debt is the major problem!!

[imastu pidgitaswell] 15/11/2013 08:18

"Definitely one to accumualate and hold through this restructuring, imho."

Or before it... ;-)

Re takeover, I still think TTG, with their CEO now on the board and receiving all the detailed board papers and inside info, would be best placed, should they wish to. Compared to what is available publically, he is receiving a goldmine of information.

Anyway, no director trades (disclosed yet) - odd.

[dewtrader] 15/11/2013 08:11

bid rising now

[dewtrader] 15/11/2013 08:09

96p to buy!!!

[dewtrader] 15/11/2013 07:06

Could see a bid approach imho from the largest shareholder or from XP Power
Am expecting to see these bounce back to 110p very quick, a bid would have to be 160p ish

[waspfactory] 14/11/2013 23:30

Volex was over £20 in 2000

[bones] 14/11/2013 22:04

£20.90 seems unlikely beeez!

[beeezzz] 14/11/2013 21:50

Bones.....You may consider there have been 3 profit warnings, this is neither here nor there, what counts is why, is the overall macro economy for Volex stalling if so when will this change?. I just checked when our club held them, we were stopped out at 2,090.00p 16/11/2000 and what a profit. wonder if they will ever see that share price again.

[mr_bluesky] 14/11/2013 19:42

FF:

not to late mate.

Next major resistance 200p then c.350p so a lot more to TNI IMO.

Mr Bluesky

[freddie ferret] 14/11/2013 19:31

Um, I should have stayed in TNI.

[mr_bluesky] 14/11/2013 19:23

I think you will find it was this IMS........


Key Highlights

· Board anticipates that the Group's performance for the year will be at the higher end of market expectations

· Revenue trends, both print and digital, have continued to improve as we progressed through the second half, with third quarter revenues down 5% and October down 3%, compared to declines of 6% in the second quarter and 11% in the first quarter

· Accelerating growth in digital audience with average monthly unique users1 up 68% year on year in the period to 45 million and page views2 up 65% year on year in the period to 240 million across our publishing operations with digital display advertising revenue growing by 27% year on year in the period

· Continued strong cash generation enabling the repayment of £54.5 million of maturing debt in October from cash flow with net debt falling by £18 million to £102 million in the period

[freddie ferret] 14/11/2013 19:17

Now let's see why TNI rose today.

[bones] 14/11/2013 19:00

beeez, we've had the three warnings already here thanks, as the three cliff faces on the chart show. Fortunately, I only decided to dip a toe after the second one at 105p, so am now in the red on that one but now averaged down for my sins. Not my usual style but, like Anite, the opening fall seemed excessive. Spookily, both companies seem to blame the delays on 4G but on the flip side, "the future is bright the future's now EE, not Orange" as the strapline goes....

[mr_bluesky] 14/11/2013 18:59

so!

no big deal.

Its just Cr made such a big deal when he thought I hadn't entered the challenge calling me a chicken and then bragging on day one that he was 6 and I was 40.

just thought I would mention it while passing through ;)

Its still early days yet so all could change.

not counting my chickens.

Mr Bluesky

[v11slr] 14/11/2013 18:55

V11SLR : 34

So?

[cockneyrebel] 14/11/2013 18:35

imastu pidgitaswell - don't worry, it's only money. It's not happiness or health you're down on and from your post I think you're probably one of the few that know that.

There's people today been told a lot worse than they've lost a few bob - when you remember that on a bad day the losses are kept in perspective imo.

Bad luck tho, knee in the nuts here too but that's all part of investing. Get a lot more right than wrong and you do okay.

All the best.

CR