Volex Share Discussion Threads

[cheiftown] 13/11/2014 08:07

Parvez. So what dose the market dislike?

[parvez] 13/11/2014 07:40

Results look good, turnround has started, all very positive IMHO

[puzzler2] 12/11/2014 23:44

The continuing slide of the share price against the background of a rising market, with results due anytime, has bothered me. I've sold out completely over the last two days, as I don't want to run the risk of holding if the results are lukewarm, or worse.

[dlku] 12/11/2014 23:25

New low today

Expect a profit warning in due course. Investors will always be last to know wit this one.

[toffeeman] 10/11/2014 11:14

I should have revisited the site 2 years ago they had 14 factories (I seem to recall) most of which were small and some of which were in high cost locations.

Size seems not to have changed much but only one US plant left

[imastu pidgitaswell] 10/11/2014 10:21

Not sure that's true - last time I looked they had relocated all the manufacturing locations from high cost Western Europe to China between 2004-2009, while retaining the smaller ones in Poland Mexico and Brazil, also (relatively) low cost locations.

Fair to say that wage inflation in China has occured since, but in absolute terms, still cheap - certainly nowhere cheaper with the commensurate quality levels. And also the right location given all the other mass market manufacturing (i.e. their customers) is located there.

hxxp://www.volex.com/Volex-worldwide/
hxxp://www.volex.com/Volex-worldwide/Asia/
hxxp://www.volex.com/Volex-worldwide/Americas/
hxxp://www.volex.com/Volex-worldwide/Europe/


(PS - still no notification on their website of the date of the half year results...) wtf?

[toffeeman] 07/11/2014 08:10

Hi Dean, last time I looked VLX had small factories in high cost locations and I haven't seen evidence of that changing so I remain a sceptic (as opposed to a septic) bear.

[deanowls] 06/11/2014 09:59

TTG plunging due to its botched reworking of its business model and the costs that they will incur to keep the german element of its operations open and the hold the unions and costs of redundancey would have on them.

Volex are already in the low cost area and over a year in their turnaround strategy, think ttg one is targeted for 2017-8 all being well?

Love you two word analysis though dlku, teatime must be illuminating round your house.

[waspfactory] 06/11/2014 06:30

Diku- excuse my ignorance but what's the connection between TT Electronics (an electronics contract manufacturer), and Volex?

[dlku] 05/11/2014 15:20

TTG PLUNGING

[freddie ferret] 04/11/2014 17:33

dlku.

Re2351 this is the RNS from TT Group today. Nothing like VLX. Romania????

[dlku] 04/11/2014 12:46

no problem mate, see you at 40p

[tipjunkie] 04/11/2014 12:30

thank you for that riveting insight

[dlku] 04/11/2014 12:28

This is going to plunge like TT Group has today

[hastings] 03/11/2014 14:54

A few thoughts that may be of interest.

[imastu pidgitaswell] 30/10/2014 16:48

I suppose I'm saying that the results need not be negative or soft to explain the share price - just that even if perfectly good, the valuation is not particularly attractive at expected profitability levels.

The argument, of course, is that current and near term profitability levels are somewhat below where they will be in 3-4 years. And give the recent track record, the share price is not getting the benefit of the doubt.

Or something like that, anway...

[ferrism] 30/10/2014 16:16

Same as you, imastu. Even the rights issue is now under water. I have a strong feeling that brown stuff and fans are headed in the same direction. We shall see on the 13th or 14th depending on who you believe for the results day. As was mentioned before, it would be comforting if the VLX website referred to a date other than November! It just seems typical.

[imastu pidgitaswell] 30/10/2014 08:52

Well said, sir, and politely so.

For the poor sods (like me) still stuck with this, it is going to be a slow road. Even going by their own 'research' - i.e. the stuff they pay for and publish on their website, EPS for 2014/15 is projected to be 5.4 cents (i.e. less than 3.4 pence), and 6.8 cents (4.2p) for the year to 31st March 2016. And the 2015 numbers are before exceptionals (pay-offs and severances) of some $4.5m.

Truly a slow road - the only potential upside is that through the income gearing (higher income should fall to the bottom line quite well) they could do better and 'beat expectations' - i.e. do better than the lowballed forecasts they have put out there.

But I've been marooned here for two years so far, and looking at the same again realistically - always assuming nothing else hits the fan...

[parkinsa] 30/10/2014 07:56

Ras14, I wasn't suggesting anyone was foolish, except me! I'm sorry if I gave that impression. We all have different views. I decided to finally join in the rout and sell my holding. I know VLX have been putting out some good news and I hope it follows through for remaining holders. I feel that the company, as they openly admit, is at the phase where they are chasing sales at the cost of margin. I'm not saying that's wrong as there are times when it has to be done. However I do think there will be a long period before sales and margins together provide a sustainable business and reinstated dividend. My guess is that I will have the opportunity to buy at a lower price before the recovery gets hold. As for directors' buys, well they have consistently bought at much higher prices throughout the fall in price. They have to be seen to be confident and this is quite normal.
I'm sure I could be wrong and I hope I haven't offended anyone on this BB. That was never my intention.

[nmf777] 29/10/2014 19:58

The directors can afford to take a long view Ras14. For most of us, it's the old business of long-term weighing machine v short-term voting machine. I cast my vote today and sold out

[ras14] 29/10/2014 18:08

For every seller there is a buyer and you are saying all those people buying Volex shares at bargain price of 77p are foolish. All the information available is indicating good results and Volex directors are stupid to pay 88p for shares in company that is expecting poor results in two weeks.

[supasapi] 29/10/2014 17:47

agree parkinsa got out few weeks ago, thank goodness, it may turn around in the long term but all this share price seems to dos is go down so money better invested elsewhere imo

[parkinsa] 28/10/2014 19:21

Let's look at this logically, shall we? Here we are about two weeks from the half year results and we are seeing consistent large sales. Do we really think there is any likelihood of a turnaround at any point?