Volex Share Discussion Threads

[robwt] 25/5/2016 18:58

Low volume for thhe last couple of months. Has dropped 20% in a fortnight. Someone knows what is coming in the next report. Seems like it may be worse than expected.

[value viper] 25/5/2016 17:35

what's the debt figure ?

[freddie ferret] 25/5/2016 17:32

Will be a good buying opportunity then.

[gripfit] 25/5/2016 16:48

on its derrier , bad news on way , mkt heard it first though.

[freddie ferret] 25/5/2016 16:28

Nope, however it's getting cheaper.

[value viper] 25/5/2016 16:06

err.....is this going bust ?

[freddie ferret] 19/4/2016 16:57

If you are four legged that would be the rear legs.

[freddie ferret] 19/4/2016 16:37

It's usually found at the top of the legs. :)

[supasapi] 19/4/2016 15:42

There must be a bottom somewhere .....

[hybrasil] 15/4/2016 14:00

supasapi

Have gone in on the same reason.

[toffeeman] 15/4/2016 09:53

zero pence is lower!

[supasapi] 14/4/2016 21:09

has anyone ever made anything out of this? 2nd time in on the basis of it can't go lower...........

[freddie ferret] 14/4/2016 17:20

Not wonderfull but does this justify the share price fall??

Volex PLC Trading Statement
26/02/2016 7:00am
UK Regulatory (RNS & others)

Volex Group (LSE:VLX)
Historical Stock Chart

1 Month : From Feb 2016 to Mar 2016
Click Here for more Volex Group Charts.

TIDMVLX

RNS Number : 2129Q

Volex PLC

26 February 2016

Volex plc

Trading Update

26 February 2016

Volex plc ("Volex" or the "Group"), a global provider of power and data cabling solutions, today announces a trading update for the year ending 3 April 2016. Preliminary results will be announced by Volex on 9 June 2016.

As stated at the time of our half year results announcement in November 2015, demand was slow in the first half and key customer new product launches were deferred into the second half of the year. Expected demand for both existing and new products from our largest customer was less than expected in the second half of the year, and we now anticipate that sales for the full year will be in the range of $360 to $370 million. Elsewhere we are seeing competition and reduced demand in our Asian power cord business partially offset by positive trends in our North American healthcare business.

Our central cost base has been significantly reduced to better align the business with current revenue performance, and further savings have been identified at the factory level.

In the short term, operational gearing in our business has resulted in a fall in our gross profit margin, and the Board expect to announce full year operating profits (before exceptional costs and share-based payments) in the range of $4 to $5 million.

As at the end of the third quarter our leverage ratio (as defined in our $45million revolving credit facility) was 1.9x and our interest cover ratio was 7.7x.

[nick rubens] 14/4/2016 08:32

Anyone buying at this level and why? cheers NR

[buywell2] 29/3/2016 16:21

Another buywell call comes true



buywell2 - 30 Jul 2013 - 16:17:29 - 1238 of 2263
None the less the chart looks very dodgy now

Any more negative news and it's a big move south

50p even perhaps

Not for widows or orphans

dyor












drewz 1 Aug'13 - 13:18 - 1242 of 2655 0 0

buywell,

your 'contributions' are always so utterly mediocre.

[pictureframe] 29/3/2016 16:09

bit of interest in this lately.

[she-ra] 26/2/2016 17:40

imastu pidgitaswell - Sometimes it actually does.

But I have no idea on the issue.

[freddie ferret] 26/2/2016 17:22

Seems there is going to be a profit. :)

[mach100] 26/2/2016 08:42

I was going to sell first thing on that statement but was not here at 8am. For a change it has worked in my favour as the drop is now only a slight one. I wonder why there was an intraday recovery of sorts. I expected Volex to be hammered and early sellers sure took a hit.

[toffeeman] 26/2/2016 08:13

1. I wish I had had the balls to short it
2. pretty well pumped and dumped I think

[dlku] 26/2/2016 07:33

Another profit warning



As stated at the time of our half year results announcement in November 2015, demand was slow in the first half and key customer new product launches were deferred into the second half of the year. Expected demand for both existing and new products from our largest customer was less than expected in the second half of the year, and we now anticipate that sales for the full year will be in the range of $360 to $370 million.


25p today?