Volex Share Discussion Threads

[red ninja] 01/11/2021 09:45

Downing Strategic Micro Cap half year report comment :-

"In Volex Plc we made a net investment of £0.5 million during the period. This reflected our trading of this well-known holding, where we decided to increase our position when we believed that the market was not valuing it accurately. In aggregate, Volex generated realised gains of £0.94 million and unrealised gains of £1.31 million for the period (total gains of £2.25 million for the six months). We have unrealised gains of £6.16 million in total over our book cost, having already realised £7.23 million on the position, against a cost of £3.18 million."

[zingerburger] 01/11/2021 09:08

new recent high

[mip55] 29/10/2021 07:29

RNS This morningVolex plc("Volex" or the "Company") Notice of Half Year Results and Investor PresentationVolex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, announces that its half year results for the 26 weeks ended 3 October 2021 will be announced on Thursday 11 November 2021.

[ijamlon] 29/10/2021 07:26

Thanks, source?

[bigbigdave] 29/10/2021 07:03

Results 11th November

[ijamlon] 27/10/2021 07:08

I think 'truck' might be a typo, there are quite a few in that post. More likely it meant 'trunk'. I don't think Volex will get ridiculously overvalued like Tesla, and I'll be a seller if it does. I do think there will be a significant jump in EV cable profits given Tesla's very strong growth this year, and the fact VLX has a direct, formulaic, margin protected, linkage to Tesla sales. As for valuation, it's not crazy to hope their discount to the sector could disappear one day, which might be worth another 20% on top.

[mauricemonkey] 26/10/2021 23:45

They cost $60 to the consumer or VLX gets $60? $60 each or for the pair?

Ok, a quick search reveals that someone posted almost that exact statement on a comment to a Stockopedia post in 2019, so the contract was signed at least two years ago.
“
The highlighted and new customer source is EV (electric vehicles) charging cables with Tesla the big customer and on a 3 year cost pass through contract for supplying 2 pairs of home charging cables, in the truck. There cables are quality ones that cost $60 and not the historic $1 power cables Volex made and ‘quite big business’ Daren said about Tesla.“

What truck, Tesla don’t make a truck. The original post is here for those with Stockopedia:

hxxps://app.stockopedia.com/content/the-volex-rerating-from-recovery-play-to-growth-stock-535601

“Tesla, the best selling car in Europe”. Come on, be honest, tell the whole story. Tesla Model 3 was the best selling car in September because Tesla delivers all its cars in Europe in one month per quarter. Tesla’s market share is falling in Europe and is now behind VW in terms of EVs sold. Now don’t get me wrong, Tesla total sales are up and this is a boon to VLX as we likely have other EV manufacturers as customers too - a rising tide will float this particular boat.

I’m long VLX and have been since around this time last year with a £2.80 average, but let’s not get too carried away thinking that because Tesla is ridiculously overvalued we will be too.

[ijamlon] 26/10/2021 09:44

Although Tesla is far from the only game in town for Volex (Amazon data centres for example), it's worth recapping how much gearing Volex has to recent Tesla success. Volex has a three-year cost pass through contract with Tesla. They supply pairs of home charging cables, which go in the trunk / boot of every car. These are quality cables that cost $60. Tesla unit sales for 2021 look set to be 70% higher than 2020.

[ijamlon] 26/10/2021 07:46

Tesla: the best selling car in Europe, market value over a trillion dollars, dominating position in future EV growth. If only there was a way to invest in one of their key suppliers, listed in the U.K. and relatively cheap.

[onjohn] 22/10/2021 23:10

results Nov 12

[pcok] 21/10/2021 12:36

Record Tesla sales announced today. Got to be good for VLX.

[simmsc] 19/10/2021 19:33

I did buy on the day of the announcement and paid the highest price on that day. I remember it well. Was most displeased at the time ... But that price difference is a drop in the ocean when i look back now.

[sharw] 19/10/2021 15:03

News???? This was announced 11 months ago:



Had you bought VLX on the date of the announcement when it was 275p you would be feeling good about it now.

[igoe104] 19/10/2021 13:33

BBC headline news, Uk are going to stop building petrol and Diesel cars. ( In 2030)Excellent news for VLX as car companies will have to start plans for Electric cars .

Big growth coming VLX direction....㈝3;

[ijamlon] 19/10/2021 10:28

Cannacord comment from yesterday..."Volex plc | Positive Medical read-acrossVLX- AIM 448p | Buy | Target Price: 500pPositive read-across from Philips Q3 results, which overall are impacted by global supply chain challenges and recalls. However, the Diagnosis and Treatment vertical saw +10% y/y sales growth with DD growth in Image-Guided Therapy and high- single-digit growth in Diagnostic Imaging and Ultrasound. Comp order intake is +15% y/y with DD growth across these product lines reflecting a competitive portfolio and positive market conditions. We expect Medical to contribute 23% of group revenues for Volex with Philips a key customer. Trades on a CY21E/22E P/E of 23.6x/22.5x vs UK industrial manufacturers on 27.3x/25.1x.

[abarclay] 19/10/2021 08:28

Up up up and away woooo

[mrnumpty] 14/10/2021 14:12

Hidden away in an article about the Downing Strategic Micro Cap fund , on page 6 of the Business section of today’s Daily Telegraph , there is positive comment about Volex . Because the Volex share price has risen so much since the Downing fund first acquired it , Volex now constitutes 17% of the fund’s value . Nonetheless , the Telegraph writes “ Volex is a business in which Questor [ the Telegraph investment-tip column ] sees continued value , which is why this column has recommended readers continue to hold the shares , even after their extremely strong run “ .

[ijamlon] 13/10/2021 20:34

I'm not really into whack job antisemitic conspiracy theories in the way you are. I guess you think QAnon is a thing too? This is a blog for investors not crackpots. Bye bye

[insideryou] 13/10/2021 18:32

Nat doesn't guess and to the ignorant fool who questioned Nats wealth in the billions, you really have gotten inebriated on the main stream narrative about our heir to the Rothschild's trillions....that's right dummy. This guy is one of the most powerful men on this planet... The likes of gates, trump, zuck, Clinton, the British royal family, the cretin biden, Soros, et al all answer to this family. The Rothschild's don't play dice, they load it.

[ijamlon] 13/10/2021 13:25

In any event, must have been the very last moment he could legally increase his holding before the prohibited dealing period starts. And you have to think he knows what the results are going to look like by now.