Volex Share Discussion Threads

[wanttowin] 15/4/2021 08:31

Agreed Oxman, that seems the norm these days.I can see me adding and holding these for at least 5 years. Obviously some are in and out for short term profit, each to their own.

[blondviking] 15/4/2021 08:30

Looks a buy at these levels

[its the oxman] 15/4/2021 08:26

Can only see this moving higher 400p coming and probably quite quickly after any short term profit taking. Update confirms further profit progress next year and plenty to like re Vlx opportunity looking further out.

[its the oxman] 15/4/2021 08:23

Often see some selling into a rise but also often a further strong push higher after that subsides. 400p coming for me.

[wanttowin] 15/4/2021 08:21

Seems to be selling into this rise which surprises me, I'm adding on all dips this is my favourite stock.

[its the oxman] 15/4/2021 08:18

Very welcome update to wake up to. Ahead of expectations, strong year end finish, further profit progression forecast for next year. Ok some pressure re defending margin gains but had to drop a word of caution somewhere. See this breaking 400p and probably quite quickly. Plenty to like about ongoing opportunity for vlx.

[inever] 15/4/2021 07:34

Revenue split is H1 $200mH2 $240mNext year Revenue should be comfortably over $500m with a full Deka consolidation and the electric vehicle market accelerating. That excludes any new acquisitions. Next year operating profit should be 30%+ higher than the $41m minimum this year.Future earnings growth looks set to continue.

[wanttowin] 15/4/2021 07:31

Absolutely cracking update, income from electric vehicle customers up 187% !

I just love terms like 'significant increase' and 'significantly ahead'

Hints at those possible acquisitions and a great divvi, one very happy holder here.

[ijamlon] 15/4/2021 07:28

Cannacord raises price target to 430, Stifel at 410

[togglebrush] 15/4/2021 07:27

Bonus:-
'
"expects to announce a recommended dividend for FY2021 that is no less than 2.2 pence per share."

[ijamlon] 15/4/2021 07:22

The growth in EV is perhaps the most exciting component of this beat....Chairman: "Robust demand in the electric vehicle and consumer electronics markets underpinned our performance in the second half and, thanks to our diverse customer base and global footprint, we are well placed to deliver on the next stage of our development as we look to increase investment and grow our business. Whilst we are now entering a more challenging inflationary environment, we aim to defend the significant margin gains we have made. Unless future lockdown measures severely disrupt our customers or operations, we are confident of further revenue and profit progression in FY2022."

[igoe104] 15/4/2021 07:21

Excellent stuff, the Electric csr market really starting to take off, its only going to get much bigger and bigger great news for vlx. Debt only 6 million, so it won't be long before the cadhpot starts building.

[toptomcat] 15/4/2021 07:15

Breakout established last week, now very nice TU to back that up. Expect 400p to be tested shortly.

[owenski] 15/4/2021 07:11

Pleasing statement, margins still ok from commodity price rises.

"$52 million of revenue from electric vehicle customers, a significant increase of 187%"

"revenue for the full year will be ahead of market expectations and be at least $440 million while underlying operating profit is expected to be at least $41 million, ahead of the most recently guided range."



"Margins benefited from foreign exchange movements and favourable commodity pricing in the first half of the financial year and, although these unwound in the second half as anticipated, the Group delivered strong year-on-year margin growth. The underlying operating margin achieved for the full year represents a satisfactory balance between revenue growth and profitability."

[bigbigdave] 15/4/2021 07:04

Excellent! As a result, revenue for the full year will be ahead of market expectations and be at least $440 million while underlying operating profit is expected to be at least $41 million, ahead of the most recently guided range

[ijamlon] 15/4/2021 07:04

VOLEX GIVES STRONG GUIDANCE$440mln revenue, at least $41mln profit for full year, ahead of expectations Makes current valuation compelling, especially given strong growth profile

[wanttowin] 13/4/2021 10:32

Added a few, surprised to be able to get them in the 350's !

[igoe104] 13/4/2021 07:56

Shell are going to install upto 2.5 Millon ultra quick charging cable stations in the UK by 2030. The landscape is changing and its certainly going in VLX direction.

[its the oxman] 12/4/2021 22:38

Trading update 16th April last year, need something positive to drive us through 400p.

[podgyted] 10/4/2021 00:35

If they follow last year there should be a TU next week.

[middlesboroughfc] 08/4/2021 07:56

Last leg from 180 to 340p
this one from 300p to maybe 600p?

[johndoe23] 07/4/2021 09:32

Quite possibly!!

[middlesboroughfc] 07/4/2021 09:02

News imminent