Volex Share Discussion Threads

[steeplejack] 05/10/2022 21:22

Absolutely,lane discipline.

[gargoyle2] 05/10/2022 13:54

I tend to look at more general/market threads for discussion of general/market issues, and to specific company threads for discussion of specific company issues. Each to his/her own, I suppose.

[steeplejack] 05/10/2022 13:25

We're in a bear market.First you consider attractiveness of the market,next the sector and then the attractions of the individual stock.Maybe you shouldn't be in equities full stop and thus not in Volex with the global macro economic backcloth.....that's the relevance.

[gargoyle2] 05/10/2022 09:00

Relevance to VLX?

[altom] 04/10/2022 09:42

saltraider. Do you really think that debt stress in Eurozone is significantly greater than in UK. Knowing nothing about it, I am very interested to read that. If so, Heaven help them.

[steeplejack] 02/10/2022 10:48

Wall St Journal commentThe com­mu­ni­ca­tions around the tax cuts were truly aw­ful. The gov­ern­ment chose not to ex­plain the im­pact on gov­ern­ment fi­nances, merely talk­ing up its am­bi­tion to have higher growth, some­thing it ar­gued the tax cuts would help de­liver. Econ­o-mists, and in­vestors, dis­agreed. Prime Min­is­ter Liz Truss stayed silent for days af­ter the mar­ket's atro­cious re­ac­tion, then tried to blame the plunge in U.K. as­sets on global fac­tors. De­nial of what every in­vestor can see to be true is a poor strat­egy for win­ning hearts and minds.

[steeplejack] 29/9/2022 10:07

Eloquent post

[saltraider] 29/9/2022 10:03

Pensions Funds have been forced sellers of equity in recent days. That follows from their regulatory obligation to match the time profile of assets and liabilities on their books relating to defined benefit pensions schemes. There have not been enough long-term assets (principally, bonds) available to enable them to achieve ths matching without relying on complex leveraged instruments engineered for this specific purpose. These instruments are only tolerant of relativey small deviations in bond market prices. Those tolerances have been exceeded and the lenders providing finance for leveraging are consequently making (big) margin calls. To meet margin calls IIs have to sell what they can, whether they want to or not.

Forced selling is not'capitulation'. The BoE has, in any case, stepped in to stabilise the market and, hopefully, things will settle down.

Problems are not unique to the UK, and I think the heat will soon be turned up on Eurozone markets where debt stress is significantly greater than in the UK. That may also draw the UK's situation out of the limelight and help with creating more stable trading conditions.

[steeplejack] 29/9/2022 09:34

Truss and team can argue the toss but ultimately the UK relies upon attracting foreign capital to fund perennial deficits.The chancellor will ultimately be obliged to moderate his budget proposals and that should stabilise UK gilts and equities.

It’s not just riskier equities than are taking the brunt.Yesterday,saw a widespread markdown of the more heavyweight,liquid UK equities that suggest a capitulation by institutions obliged to bolster their cash ratios.That might be seen as a buying opportunity however my little purchasing forays over recent months have taught me to leave well alone.Cash is king.The risk reward ratio favours a ‘time out’.

[johndoe23] 28/9/2022 13:52

You're a braver soul than me!!

[adorling] 28/9/2022 08:38

Bought back in at 229.4p as quadruple bottom signal. Significant upside on market recovery from here.

[dougmachin] 27/9/2022 14:50

Bounce point here?
I think (and hope) so... I just grabbed some more.
Prefer share price to have stayed above 300p, but more at 240p is good for the long run.
If you consider the high of Sept '21 and current world climate, a leisurely bowl is being played out just fine IMO.

[redartbmud] 26/9/2022 07:59

US companies would be buying the local problems in the UK at the present time.

[blusteradjuster] 26/9/2022 07:42

If you charge using a premium-price fast-charger - which most people don’t do.

It’s a poor headline.

[aishah] 26/9/2022 07:16

Cost of charging an electric car surges by 42% - with prices nearing same as petrol:

[steeplejack] 24/9/2022 10:51

Not forgetting that private equity groups are ever on the prowl for corporate bargains.

[essentialinvestor] 23/9/2022 15:07

Jack, not sure if that will apply to VLX, but fully agree.

UK PLC now on sale, particularly to stateside buyers.
Expect some of our listed engineering businesses to be gobbled up.

[redartbmud] 23/9/2022 15:03

steeple

Not sure that we will see significant corporate activity at present. There is too much volatility.

red

[disc0dave45] 23/9/2022 14:57

Think the bowl has a crack in it!

[valhamos] 23/9/2022 12:38

I think VLX should benefit from a strong dollar and we don't have much in the UK so not that much affected by a weak sterling.

Monetarism was abandoned at the end of the last century by Gordon Brown but I believe it is coming back with the Truss administration - hence why I do not think we will have a 'Barber' boom (or indeed a 'Lawson' boom when he also lost control of the money supply in 1986).

[steeplejack] 23/9/2022 12:28

I feel that that Milton Friedman's monetarist policies were pretty much compromised by unfettered quantitive easing.What we have here is a Keynesian approach and a rather "scatter gun" one at that.The UK seems to be abandoning fiscal rectitude.Sterling is plummeting with inflationary consequences.I foresee £ parity with the $.It touched that level back in 1983 but bounced aggressively thereafter,primarily because of Thatchers fiscal rectitude plus the increasing balance of payments benefit of increased N Sea oil production.We have neither fiscal rectitude or increasing N.Sea oil revenues this time round.It's very concerning.

[valhamos] 23/9/2022 12:17

Barber boom was because they lost control of the money supply. Unfortunately, we increased money supply a couple of years ago hence inflation now, but money supply is now back under control so a comparison with the Barber boom is misleading.