Volex Share Discussion Threads

[its the oxman] 17/6/2021 17:34

Strong close bodes well for a break of 400p in the next few weeks.

[sooty snipes] 17/6/2021 15:33

Cheers. I missed the presentation but will catch up on it later

[johndoe23] 17/6/2021 14:21

Impressed with the Investor Meet presentation earlier...

[qvg] 17/6/2021 12:49

i am just listening to the Meet the Company presentation - initial impression is very positive

[don carter] 17/6/2021 10:39

I too thought these were very good results and will be adding.

[mfhmfh] 17/6/2021 10:22

set up perfectly for the rest of the financial years as demand from various sectors increased.

acquisitions to come as well.

IMHO.

[sooty snipes] 17/6/2021 10:10

Decent set of results. Could do with breaching the 375p barrier

[mrnumpty] 17/6/2021 10:06

I’m a very happy shareholder . A very long time ago , nearly 50 years ago , I was an apprentice electrician . One company which I worked for insisted on using Volex front plates ( ie light switches , sockets , etc ) because these Volex items were cheap . However , if one slightly tightened the screws connecting the wires too much , the screws would break , making it impossible to tighten or loosen them . This memory from a different era caused me to slightly hesitate before investing here about a year ago . Obviously Volex is now an utterly different company in completely different markets which were unimaginable in the 1970’s , and I am delighted with it and Mr Rothchild , and I look forward to further growth . Good luck all .

[owenski] 17/6/2021 09:20

Those results are better than I expected, I'd say they're quite stunning.

EV related may be starting from a low base but those growth numbers I'd expect to continue.

[stockmaster5] 17/6/2021 09:18

Let's get to 400 in time for the summer hols!Hopefully the markets will respond to these excellent results ;)

[ygor705] 17/6/2021 09:18

Exceptionally strong numbers. We should be testing £4 soon.

[valhamos] 17/6/2021 08:10

The DEKA acquisition is going according to plan. DEKA is running at full capacity; 2 additional automated production lines are being installed. A significant new customer has been secured following on from the DEKA acquisition.

[wanttowin] 17/6/2021 08:06

Oh dear really ??? Can we not see the back of 350 pleeeease.

[its the oxman] 17/6/2021 08:01

Will we have the legs to test 400p in days ahead this time. Suspect we will.

[nw99] 17/6/2021 07:45

All going to plan

[its the oxman] 17/6/2021 07:38

Outlook is always key and that looks pretty positive combined with improved margin and hints of being able to pass on inflationary pressures. -- We have delivered a strong start to the new year across all regions with continued momentum in Electric Vehicles and Complex Industrial Technology -- There is an exciting pipeline of acquisition opportunities and strong financial flexibility -- The longer-term prospects for our business remain strong and we continue to invest in capacity and strengthening our capabilities with a particular focus on growth areas

[valhamos] 17/6/2021 07:37

Absolute knockout results. Strong H2 performance though the bottom line is aided by the tax credit.

[deanowls] 17/6/2021 07:35

They’ve bout a business and are having to hold higher inventories of RM and FG so I’d expect the cash flow to reduce.

[ayl30] 17/6/2021 07:27

Looks good to me

[wanttowin] 17/6/2021 07:21

Basic earnings per share up 157% and stat operating profit 79% ...smashed it out of the park I'd say...Lets hope the market rewards us this time !

[togglebrush] 17/6/2021 07:20

On first readiing
'
Strongest performance in 20 years underlines our potential

Revenue_______________________________$443.3m__ $391.4m__ _13.3%
Underlying* operating profit __________$42.9m ____$31.6m___ 35.8%
Statutory operating profit ____________$30.7m ____$17.1m___ 79.5%
Underlying* profit before tax __________$41.6m___ $30.4m____36.8%
Statutory profit before tax ____________$29.4m___ $15.9m____84.9%
'
, Outlook-- We have delivered a strong start to the new year
'
Dividend 2,2p XD 16 July Paid 29 July
'
A live presentation for analysts will be held online at 9.00 a.m. BST on 17 June 2021