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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Volex Plc | LSE:VLX | London | Ordinary Share | GB0009390070 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
5.00 | 1.77% | 288.00 | 286.00 | 288.00 | 295.00 | 280.00 | 295.00 | 724,183 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electronic Components, Nec | 722.8M | 36.8M | 0.2031 | 14.08 | 518.11M |
Date | Subject | Author | Discuss |
---|---|---|---|
17/8/2021 14:45 | Good to hear that fund downing are adding to there postion. Its normally totally against the grain what downing normally do especially as they originally purchased there original batch of shares in the 40s, so adding at £3.60 odd is a big thumbs-up. They must of been given a nudge.... | igoe104 | |
17/8/2021 12:57 | Robow . Well spotted . Thanks for sharing that | mrnumpty | |
17/8/2021 11:40 | from Citywire today Downing’s MacKenzie tops up Volex Downing fund manager Judith MacKenzie has been adding to her position in electronic connector manufacturer Volex (VLX) as the shares offer good value. Volex is already the top holding in the Downing Strategic Micro-Cap (DSM) investment trust, making up 14.1% of the £34.6m portfolio, but manager MacKenzie has topped up her position, according to the latest factsheet. ‘Volex made a notable trading statement which reiterated a very strong beginning to the year and subsequently upgraded guidance,’ she said. ‘We continue to think that management is being very conservative… We think the shares offer good value here, with numerous short-term catalysts, thus have been adding modestly to our position on weaker days.’ Shares in Volex were up 1.4%, or 5p, at 362p on Monday, putting them up about 18% year-to-date. | robow | |
16/8/2021 21:42 | And another zillion of the overhang shares to go. One day! | bbluesky | |
16/8/2021 13:22 | Always the same with upgrades and tips. A flurry of activity that sends share price up a few pence then soon settles back with perhaps 1-2p gain. The share does, however, react to real improvements in earnings growth, which look likely to continue to be delivered. It just requires a bit more patience. | ijamlon | |
16/8/2021 12:46 | Agree - the other thread has 4200 posts versus this one which has a couple hundred and a silly subject title. I'd recommend centring on the other one ! | ijamlon | |
16/8/2021 11:27 | Thanks Shanklin, found it. | red ninja | |
16/8/2021 11:03 | It was in the Sunday Business section | shanklin | |
16/8/2021 09:54 | Hi Oxman, Which day and section was that tip in. I read the Times and have not seen any Volex tip. | red ninja | |
16/8/2021 07:26 | Nice jump on yet another tip in the Times this weekend. 400p getting closer, slowly does it I guess. | its the oxman | |
16/8/2021 07:23 | Reacting well to write up in Sat Times | ayl30 | |
15/8/2021 13:28 | Great write up roll on 450p | nw99 | |
15/8/2021 10:16 | thanks ijamion | robow | |
15/8/2021 08:06 | Excellent, should be a good on Monday then.... | igoe104 | |
15/8/2021 07:58 | It's The Sunday Times, Sarah Meddings. Link attached (paywall)...Cable guy's turnaround makes this one to buyhttps://www.theti | ijamlon | |
15/8/2021 07:47 | ijamion please indicate who is tippling this or provide a link | ali47fish | |
14/8/2021 23:08 | Great Volex write-up and Buy reco in The Times...If you own a laptop, vacuum cleaner or television, it is likely that at least part of it was produced by Volex, a maker of high-spec cables.The AIM-listed company, which traces its roots to the 1890s, also makes cables for charging electric cars and scanners in hospitals, and wiring for data centres.Cables have become big business, helping Volex to transform from a small-cap horror story to one of the bright lights of London's junior market. Until a few years ago, it had been all but written off. The share price fell from a high of £20 in 2000 to a low of 39p in 2003, a drop of 98 per cent. This prompted a switch to medical and industrial sectors.It was the arrival of Nat Rothschild, the financier, as a shareholder, non-executive and then executive chairman that transformed its fortunes. He began building a stake in 2008, and now owns 26 per cent, making him the largest shareholder. On Rothschild's watch, Volex has increased its prices and ditched low-margin businesses, which helped to boost its operating margins from 2.8 per cent in 2017 to 9.7 per cent.Now the turnaround is under way, Volex is targeting growth. It has 17 factories on three continents, and employs 7,000 people, including in Basingstoke. Its fastest-growing divisions make parts for data centres and electric vehicles. The latter represent 12 per cent of revenues, rising 193 per cent to $53 million in the year to April 4. Volex is increasing production capacity, particularly in Asia.The company has done well over the past 18 months despite lockdowns. In March last year, when professionals were forced to work at home, its customers reported a surge in demand for laptops, monitors and printers. Then there was a shift to home entertainment. Once families had built up savings, sales of white goods soared as homeowners renovated. The question now will be how long the spike in consumer spending lasts. Either way, Volex is diversified enough to benefit. As hospitals are opening up, its medical business should rebound.In the year to the end of April, Volex reported its best profit performance for 20 years. Pre-tax profits rose 84.9 per cent to $29.4 million on revenues up 13.3 per cent to $443.3 million. It also increased its dividend by 10 per cent to 3.3p.Volex's acquisition of European power cord-maker Deka is likely to be repeated with further bolt-on deals. HSBC has a target of 445p on the shares, while Stifel is predicting 410p. The shares closed at 357p on Friday, valuing the company at £565.4 million. This is one to watch. Buy. | ijamlon | |
10/8/2021 11:30 | 400p is like a magnet, propulsion from a deal this will be 450-500p | albanyvillas | |
10/8/2021 07:12 | Brilliant Targets rising Medical going great, EV scorching, Data rocking What more do you want? £10 lol | zingerburger | |
09/8/2021 11:32 | Yes those numbers definitely higher than the consensus shown on my system - particularly for 2023. Actually my historic PE is now showing as 17.9. We look to be at around 19 at the end of this year but down to 16ish by the end of 2023. Looks pretty good to me. | ygor705 | |
09/8/2021 10:39 | EPS is complicated because they account in USD and had a one-off tax gain in the last financial year ended in March. Cannacord estimate for year ending March 22 are in USD...Sales: 540m / EPS 25.6 c per share For year ending March 24, they project Sales 626m ($) / EPS 30.5 The median PE for U.K. industrial group is 24.6x 2022 expected earnings. If you applied that to 30.5c, you'd eventually be looking at well over £5 share price | ijamlon | |
09/8/2021 10:38 | Seem to be struggling to break free from 350s despite upgrades and decent trading, got to give and motor through 400p at some point. | its the oxman | |
09/8/2021 10:17 | Think EPS forecasts are 17.9p so the PE is closer to 20 | hydrus |
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