Volex Share Discussion Threads

[acefromspace] 17/11/2020 08:05

I'm on a similar plan Nobilis.

[deanowls] 17/11/2020 07:54

He spent 250k.

[nobilis] 17/11/2020 07:51

Check in at 400p to 700p next year

[imastu pidgitaswell] 17/11/2020 07:37

Although paying £100k to protect his existing 25%+ investment might be considered quite a wise protective measure.

I don't know - it's all speculation, and only time will tell.

[miti 1000] 17/11/2020 07:33

disneyDonald, that is such an illinformed post. Volex are flying, you clearly do not understand the business.

[igoe104] 17/11/2020 07:25

If Nats buying 100k shares at this level it looks good going forward.

[nw99] 17/11/2020 07:18

Huge CEO Buy

[luffness] 17/11/2020 07:17

They are already splurging on white goods - look at AO.

[owenski] 17/11/2020 07:16

£253k's worth at these levels, not to be sniffed at.

[bigbigdave] 17/11/2020 07:07

CEO buying more shares, 100,000

[disneydonald] 17/11/2020 00:17

Whenever an exec disappears overnight without formal acknowledgement, then there is / has been an issue. Whether that is personal, or professional, only time will tell. However, the tone of the update led me to believe there was some rowing back on the very positive previous trading update, and in particular comment about an embarrassment re copper positions. One thing that VLX should be competent at is managing exposure to copper, they have been doing this for 40 plus years. Maybe Daren has dropped the ball re treasury management of copper exposure, and has paid the price.

We will just have to see if finals meet original guidance. Either way, this may be just a temporary setback, as some take profits. Just have to monitor news flow and see what leaks out.

Some earlier comment re DEKA that is immediately earnings enhancing, maybe I missed that but I would not necessarily believe that to be the case given the continued COVID lockdown and retail disruption, at least for the next few months. After, there could be a boost as punters splurge on replacing white goods.

For those who are able to take a medium term perspective, then I suspect that VLX will prove rewarding. Maybe some short term weakness.

[sooty snipes] 16/11/2020 13:39

I've been here since 2016 at circa 45p. If you think Daren Morris hasn't played a very important part in the turnaround of this company then by all means dream on.........Sooty

[valhamos] 16/11/2020 11:04

I see the Darren Morris fan club is out in force. No one is bigger than the company no matter how good his presentation skills; having announced he wanted to go in 2020 there was some sort of disagreement. It happens. And I can't see the point of fussing about what the new CFO sounds like - his technical skills and business experience are more important to me.

[sooty snipes] 16/11/2020 10:28

I can only re-iterate what salmon says. I too thought Daren Morris was more like a CEO. I credit him as much as Nat with the turnaround of this company. Nat did say that Daren had made plans to go in 2020 a couple of years ago. I was surprised by the lack of gratitude shown by Nick for the work Daren had done. Something has gone on but unless you're on the inside we won't find out. I listened to the newbie Jon Boaden. I thought he sounded a little lightweight. A bit like a schoolboy making his first presentation in assembly hall. I just hope he's half as good as Daren. Good luck all holders. Sooty

[bbluesky] 15/11/2020 19:19

Well, maybe a case of "this town ain't big enough for the two of us"...new guy seems perfectly competent and CEO Nat has done pretty well so far. IMV they are well focused, extremely well positioned and on their way to becoming a supertanker. They clearly have a strategy into which Deka looks a positive fit and earnings enhancing with another in the wings. One fund's profit taking is another person's opportunity?

[salmonf1shcake] 15/11/2020 16:02

I am a shareholder in volex and met Daren a number of times. Anyone who knows him knows how much he put into volex over the past 6 years to make the business what it is today.

I don’t know the reason for his departure, but he will be missed. Over the years he acted more like a CEO than a CFO and the events of the past week will be a great loss to the company.

[northwards] 14/11/2020 16:49

FT confirming this too. Johnson set to make a green speech on this later this week.

[owenski] 14/11/2020 15:16

Wot? smartie only a member since two days ago, another bellend filtered, lol

[abarclay] 14/11/2020 14:35

Smartie
You only have four posts all deramping Vlx


Lol

[shanklin] 14/11/2020 12:14

Ruffer seem to be making the mistake of thinking companies like GAW and VLX are beneficiaries of Covid. On what planet is that the case?

They are both companies doing well despite Covid and highly likely to continue doing well going forward.

P.S. Don't know much about Luceco.

[igoe104] 14/11/2020 11:41

Cheers for that Dave, I noticed VLX grew 78% year on year in the EV cables sector. And they say whey are involved with most EV platforms, so potentially enormous growth going forward...

[bigbigdave] 14/11/2020 11:02

Boris Johnson is poised to announce that the government is bringing forward by a decade a ban on the sale of new petrol and diesel cars to 2030 from 2040, the BBC understands.

More charger cables needed sooner then.