Volex Share Discussion Threads

[gdjs100] 16/4/2020 07:33

Very pleased with the update. And the dividend. If companies are confident of their financial strength and their ability to pay dividends, why shouldn't they do so?

[john09] 16/4/2020 07:10

Not a bad update

The dividend is unnecessary, a bit grotesque but hey ho

[igoe104] 06/4/2020 09:30

Starting to look much better here, Director buying a large amount, and with lots of ventilators being churned out, which will need a VLX cables- like others have said high margin work.

[bbluesky] 03/4/2020 18:07

Well, their move into higher margin medical equipment is going to be a boon.

[ali47fish] 03/4/2020 15:48

3 April 2020


another dir buying surely we should follow them anybody with insight please comment on this-many thanks
Volex plc

("Volex" or the "Company")



Director/PDMR Shareholding

Volex plc announces that on Thursday 2 April and Friday 3 April 2020, Daren Morris, Chief Financial Officer, purchased 20,000 Ordinary Shares of 25 pence in the Company at an average price of 111 pence per share. Following this purchase, Mr Morris holds 890,000 ordinary shares, representing 0.59% of the ordinary issued share capital of the Company.

[tomv33] 01/4/2020 22:50

This will go up tomorrow , up to the stars I'm betting on it

[death by donut] 01/4/2020 16:11

COO at it again , bght another 126k shares. :-)DbD

[sasbod] 31/3/2020 17:35

Am I the only one thinking all these ventilators & monitors for home working need cables?

[imastu pidgitaswell] 30/3/2020 18:56

Not so, was happy to sell various tranches at various prices up to 145 - and that was before the virus impact. See post in late December (edit - 3163).

Posted on here last week that at 82p it was tempting but let it go. So not tempted at this level.

(It was the COO buying, not the CFO.)

[acefromspace] 30/3/2020 17:09

That sounds like a man who regrets selling earlier in the year. The price is back to where it was before the good results and positive updates. Great buying time for a medium to long hold here. Especially with the CFO buying a load. Good luck with those better opportunities.

[imastu pidgitaswell] 30/3/2020 15:48

Looking pretty good, probably on the back of China's cautious return to work.

But not for me - been scarred by it for too many years, with the low liquidity, wide spread, level of unknowns, and opportunities elsewhere, plus the point that I don't think it is gobsmackingly cheap at these levels. Potential is there for sure, but no guarantees.

[igoe104] 30/3/2020 15:40

Yep that's a good signal. I'm still holding a decent chunk of shares here.

[death by donut] 30/3/2020 15:04

Nice COO buy , 180k+ shares.

[red ninja] 25/3/2020 15:27

Probably the best move in this coronavirus world, sell into the rally.

[john09] 24/3/2020 09:27

That’s me in and out for a quick 7p x 25,000

[imastu pidgitaswell] 23/3/2020 10:20

Just catching up on here - after exiting throughout December (post 3163) and holding for c8-9 years. The thing I mentioned then was liquidity - you cannot exit this sort of share in volume, quickly.

Lucky, not insightful, missed higher prices, but who really saw it coming - even though it had started (quietly) by late December.

Now? 82p a much better price, but still not tempted - partly the same liquidity argument, partly the absence of any visibility. You can forget PE ratios - nobody knows or can know what the 'E' is on a sustainable basis. As previous post notes, production and demand are unknown, and for a long time to come. They're in a much better position financially and operationally thanks to the excellent management actions over past 2 years or so, but they (along with everyone else) have just run in to a freight train.

They will recover - electric cars, cabling, data, medical systems etc - the basic physics has not changed. It's just that the current challenges are too big to be sure they will navigate them in the current structure (equity to debt) - although it does help that the executive chairman owns 25% of it and will not wish to see dilution of his stake.

[owenski] 23/3/2020 09:50

"China looks liked its turned a corner, these should be recovering, not dropping more."

And yet they are dropping.

The supply chain might be recovering it's potential, but there's no one buying the stuff, the problem is now shifting to demand and lack off.

This isn't going to be over and normal business resumed in 2 weeks, we're going to hit a serious recession.

[john09] 23/3/2020 09:50

Forward PE of 5 ?

[john09] 23/3/2020 09:26

I’m in at 82p.

[john09] 23/3/2020 08:45

Looks a good buy now

[igoe104] 19/3/2020 18:28

China looks liked its turned a corner, these should be recovering, not dropping more. over 8% down today, crazy

[johnv] 17/3/2020 12:32

Can't believe this is blue

[tole] 16/3/2020 09:46

Picked some up here

[wanttowin] 13/3/2020 15:40

Agreed, plenty of opportunities coming up in the market, but I'm adding here.. I suspect VLX will have supplies back to normal by now.. Foxconn have..