Volex Share Discussion Threads

[mrnumpty] 21/7/2022 07:05

DiscOdave . On 1st July at 11.41 am you stated here “ Nice bowl forming “ , so all credit to you . I bought back in yesterday , having hesitated , partly because there was a very positive update in the edition of Small Company Share Watch which reached subscribers nearly a fortnight ago , so I suspected that the rally was merely a temporary result of this , but such share price rallies after positive write ups usually reverse after a week or so , but this share price recovery seems to be sustained .

[dougmachin] 21/7/2022 01:56

Tesla (NASDAQ: TSLA) shares rose around 2% after-hours Wednesday following the company’s reported Q2 results, with EPS of $2.27 coming in better than the consensus estimate of $1.86. Revenue grew 42% year-over-year to $16.93 billion, compared to the consensus estimate of $16.52 billion.

Despite facing certain challenges, including limited production and shutdowns in Shanghai for the majority of Q2, the company achieved an operating margin among the highest in the industry of 14.6%, a positive free cash flow of $621 million, and ended Q2 with the highest vehicle production month in its history.

The company plans to grow its manufacturing capacity as quickly as possible, expecting to achieve a 50% average annual growth in vehicle deliveries over a multi-year horizon.

Tesla also announced that as of the end of Q2, they have converted approximately 75% of their Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to the balance sheet.

[ijamlon] 20/7/2022 20:33

Bulls: you were right

[disc0dave45] 20/7/2022 16:35

Nice, but do expect some pullback before breaking out :)

[johndoe23] 20/7/2022 15:39

Level looking decent. Large order on buy side

[acefromspace] 20/7/2022 15:07

Need to close above for a clear breakout

[ijamlon] 20/7/2022 14:35

There it is

[johndoe23] 20/7/2022 11:20

Breaking 300p would be very bullish...

[igoe104] 20/7/2022 11:06

Copper price continues to fall, and if VLX breaks £3 it could easily hit £3.50 fairly quickly...

[aishah] 20/7/2022 10:43

Steep growth fcst at LUCE:
"We launched a new range of EV chargers in Q2, branded jointly under BG and Sync brands, which are selling well. We expect EV charger sales to increase from GBP1m in 2021 to c.GBP7m in 2022, which includes nine months of Sync EV ownership, at an operating margin well above the Group average."

Bonkers valuation imo here considering recent commentary and updates.

[steeplejack] 20/7/2022 10:06

The managers statement of the Polar Capital Technology Trust is worth reading if you have time.It makes some interesting historical analogies re inflation and provides valuation comparisons.The trust has a sizeable holding in both Apple, Microsoft and Google but its future emphasis is further afield."....And then there's a myriad of other secular themes within technology to get excited about - AI, cybersecurity, electric vehicles (EVs), healthcare and clean energy to name a few, as well as optionality associated with autonomous vehicles, the metaverse and blockchain/ distributed computing. With macroeconomics currently dominating equity markets and near-term volatility high, it is easy to forget how good the long-term technology story is"Polar Capital Technology Trust

[wanttowin] 20/7/2022 08:55

Hopefully that's the back of him Ijamion..

A beautiful bowl forming here if we can break 300.

[ijamlon] 19/7/2022 14:04

If we close here, higher than the June high, I wonder if Sweet Unicorn will reappear?

[steeplejack] 19/7/2022 13:31

Well done to those who purchased stock as the price plummeted towards £2 after the figures.A testimony to intrepid private investors as well as the erratic,feral and inconclusive nature of current equity markets.i did nothing but primarily because previous smallish forays of mine into UK equities have been welcomed with a swift kick in the privates.Maybe its personal.

[disc0dave45] 19/7/2022 13:10

Thanks, no problem.

[mrnumpty] 19/7/2022 12:45

Discodave . Sorry that I misinterpreted your post about Worldwide . Too often on chat sites I have seen posters who have publicly eviscerated others whom they disagree with , and I wrongly presumed that was the case but , as you state , Worldwide was factually wrong . As for my earlier thoughts about the dire situation in which Germany increasingly will find itself as the autumn and winter approach ( Germany cancelled all nuclear power after Fukushima ; it has no Liquified Natural Gas facilities for importing gas from overseas ; the country’s short coastline doesn’t lend itself much to wind power ) , I suspect that Berlin’s complete dependence on coal and Russian gas will mean that there will be severe behind-the-scenes pressure by Berlin in the EU and elsewhere for a “ deal “ which forces the Ukraine into submission : the history of Germany over the past decades convinces me that Berlin will not sacrifice the German economy in order to save the Ukraine ( I write this as someone who knows and loves Germany ) . So , maybe my fears about a slump in the German economy with a major impact on the production of electric cars in Germany are overblown . Good luck .

[igoe104] 18/7/2022 15:27

I think anyone is aware of the potential growth in the EV sector. But also hospital cables should see a big increase in growth as well. The uk government should be signing off lots of new hospital projects soon. Alot of cables are going too be needed for these new hospitals. Some of these cables cost 10k each...

[ijamlon] 18/7/2022 14:16

Maybe GLG follow Wordwind and are waiting for the imminent 150-160p he predicted (just before it rallied 35% in 3 weeks)

[johndoe23] 18/7/2022 14:10

Surely should be reducing now?

[ijamlon] 18/7/2022 14:05

GLG underwater

[mrnumpty] 18/7/2022 11:21

Gurjit2 . Thanks for the appreciation . Nat Rothschild is a top-rate chief executive , and I love his 25% holding , but stock markets are so treacherous at the moment , and even Nat Rothschild cannot affect world events . By the way , no one seems particularly excited by the recent purchase by Volex of the defence supplier ( I forget its name ) , but surely defence must now be a growth sector . Good luck all .

[disc0dave45] 18/7/2022 11:20

Thanks mrn for the balanced post, highlighting the potential risks. All plausible but nobody knows.As for "mocking" Worldwide's technical jargon, im not mocking the jargon I'm stating categorically that he posts factually incorrect information, for example he posted a few days ago that the RSI is overbought, the last time that was true was Sept 2021.