Volex Share Discussion Threads

[igoe104] 18/6/2020 07:43

They have got rid of the low margin work and concentrated on the high margin profitable work.

[zipstuck] 18/6/2020 07:40

2020 Feb March Income $68M April May Income $58m = $126m in 4 months to May. Presented as an increase of 4% over last year.

[igoe104] 18/6/2020 07:29

Excellent results...


-- Underlying operating profit increased by 46.3% to $31.6 million
-- Revenue growth of 5.2%
-- Statutory profit after tax increased by 59.8% to $14.7 million
-- Exceptional cash generation with underlying free cash flow of $48.8 million
-- Net cash excluding lease liabilities of $31.6 million as at the year end
-- Gross margin has improved to 23.2% in FY2020 from 19.8% in FY2019

[igoe104] 17/6/2020 11:10

Fancy a nice rise tomorrow - £1.60 on the cards I think.

[sooty snipes] 07/6/2020 12:47

Taken from the last update. Full year results are on the 18th of this month.
=========================================================================

Trading Update

Volex plc (AIM: VLX), the global provider of complex assemblies for performance critical applications and power products, issues the following trading update ahead of the announcement on 18 June 2020 of its full-year results for the year ended 5 April 2020.

[igoe104] 04/6/2020 18:28

Fancy these to move up over the coming weeks - results will look extremely good in this current climate. I still hold a big chunk ranging from 80p - 90p. VLX look a great multi-bag long term hold to me.

[bbluesky] 04/6/2020 18:07

Breaking upwards after a long consolidation, so I think the chartists would be positive. Lots of fundamentals to like too!

[ali47fish] 04/6/2020 09:30

many thanks- now the question is given that this company has been very resilient I wonder whether it s time to add

[phar lap] 03/6/2020 15:18

2019/20 Preliminary Results - 18 June 2020
AGM - 30 July 2020

[imastu pidgitaswell] 03/6/2020 10:14

Doesn't it say 13 June 2020?

Not a holder currently so not following too closely.

[ali47fish] 03/6/2020 10:12

cal is not uptodate

[imastu pidgitaswell] 03/6/2020 09:54

hxxps://www.volex.com/financial-calendar

[ali47fish] 03/6/2020 09:51

nobody to contact from the company like investor relations to find the date of the next update - the last one was on13 june 2019- any one has any idea?

[ali47fish] 19/5/2020 21:55

so is the update the latest of from last year igoe?

[igoe104] 19/5/2020 18:07

Downing fund update.

hxxps://t.co/di4qRoHZoY?amp=1


Volex – has issued a remarkably strong trading update, revising guidance for 2021 down by only 10% and
maintaining its dividend. This is in a market where almost every company is pulling guidance completely
and suspending dividend payments. There are pockets of strength with various customers with increased
demand from working at home, as well as significantly higher orders with existing and even some new
healthcare customers. Some of these end products are directly involved in treating Covid patients. The
business has neither furloughed staff, nor closed facilities, it is largely business as usual albeit with some
sites at marginally reduced capacity through labour constraints. However, we think that this manufacturing
can and has been shifted elsewhere. The business ended the 2020 financial year with over $30 million of
net cash and access to available liquidity of over $60 million. We expect it to perform well this year

[krobertson878] 12/5/2020 00:23

This is going higher over medium term. Cashed up stocks are it. Like OMG as well have a few there as well.

[bbluesky] 11/5/2020 21:20

If you have the perspective of a week, maybe. If longer another story. Directors buying is often a positive sign and they are looking at the longer term prospects of the business and keep buying. What's the phrase: ah, "Patience is a virtue".

[tomv33] 10/5/2020 21:03

This looks like it has stopped dead in the water? Time to move on?

[3rd eye] 16/4/2020 09:04

VLX - Whitman Howard have noted the resilient trading by Volex in an update brokers note & have upgraded PBT & cash estimates for FY20, noting that y/e cash balances are materially ahead of expectations & retain a Buy recommendation on the company, with a 160p PT.

Breaking out from the V shaped high of early March.......

[igoe104] 16/4/2020 08:19

They certainly have enough cash to pay a dividant.

[valhamos] 16/4/2020 08:09

Robust update with all sites operational and defensive exposure to medical devices and data-centre products. Dividend sends a positive upbeat message and I personally welcome a dividend when so many other companies have had to cancel them.

[3rd eye] 16/4/2020 07:49

VLX Volex....corker of a trading update given the present virus circumstances.



Trading Update



Volex plc (AIM: VLX), the global provider of complex assemblies for performance critical applications and power products, issues the following trading update ahead of the announcement on 18 June 2020 of its full-year results for the year ended 5 April 2020.



· The Company reiterates current guidance for the financial year ended 5 April 2020;



· Full-year sales expected to exceed $392 million (FY2018/19: $372 million). Combined sales for February and March (the period since the outbreak of the COVID-19 virus) were $68 million (FY2018/19: $63 million);



· Net cash as at 5 April 2020 of $31.7 million compares with $7.9 million reported at the half year. We intend to declare a final dividend of 2 pence per share based on our full-year results;



· Looking ahead, it appears likely that economic activity and consequently trading will be impacted by restrictive governmental measures put in place to contain the spread of Covid-19. However, the quantum and precise impact will depend on the length of time such measures are in place and their severity, offset against our defensive exposure to medical devices and data-centre products, which make up approximately two-thirds of our complex assemblies division;



· Our medical sites have been assigned "essential business" status in the US and Mexico, and our other sites are similarly deemed essential manufacturing locations by respective governments in the countries in which they operate. As of 16 April 2020, all Volex sites are operational.

[igoe104] 16/4/2020 07:45

Excellent update, the cash pile starting to look strong. These should continue to head north.

[imastu pidgitaswell] 16/4/2020 07:39

That is a very good update, in the circumstances. The business will be impacted, and some quantification would have been good, but let's face it, nobody else is quantifying anything.

Not currently holding, but remain impressed by the past couple of years with the management actions.