Volex Share Discussion Threads

[disc0dave45] 08/11/2022 15:41

Looking perky now, guess it's for tomorrows interims - which usually means it will fall back?.

[ijamlon] 08/11/2022 09:25

Looking forward to the results tomorrow. What a difference a year makes. The investor excitement and expectations of late 2021 are long gone along with the share price momentum: VLX is down 45% over the last 12 months without ever having issued a profit or outlook disappointment and while delivering about 50% revenue growth. Such is the pendulum of market sentiment, especially when the macro picture is choppy. With pretty much all the short-term trading bulls flushed out, this is a much more solid foundation for them to be able trade up long-term on the fundamentals.

[disc0dave45] 07/11/2022 19:36

Are they completely out of China now, can't remember.

[johndoe23] 07/11/2022 13:33

Interims Wednesday, outlook statement will be interesting

[dougmachin] 31/10/2022 13:09

Q1 ended 30 June 2022. April / May / June.
"Volex's performance in the first quarter has been strong, in line with management's expectations and the new, five-year growth plan."
- I like that!

For the next 3 months July / August / September...?

[dougmachin] 31/10/2022 13:06

19 August gave a positive TU on Q1 - The AGM Statement:

Strong start to FY2023 and continued progress across the business.

Continued momentum

Volex's performance in the first quarter has been strong, in line with management's expectations and the new, five-year growth plan.

Revenues grew organically by 4.9% reflecting positive customer demand and our ability to deliver against the backdrop of a challenging supply chain environment.

As outlined at the Company's full year results in June 2022, we have continued to maintain high levels of utilisation across each region, with higher inventory levels than the previous year in order to support the timely delivery of complex products to customers.

Integration of the acquisitions made during FY2022 is progressing well and Volex continues to develop a strong acquisition pipeline.

Supportive end market conditions

The Company's diverse end markets continue to support Volex's long-term strategic plans and affords the Group a high degree of resilience:

-- Electric Vehicles: Continued revenue growth resulting from the investment we have made to enhance our capabilities and enable us to support a range of products for our EV customers.

-- Consumer Electricals: Revenues continue to grow, reflecting increasing market share through selling activity, as well as the delivery of new customer projects.

-- Medical: Demand from Medical customers remains robust and revenues are ahead of the previous year, despite challenges due to the limited availability of components.

-- Complex Industrial Technology: Demand in our core business remains strong, next-generation high speed cable volumes are expected to increase in future periods as customers accelerate their technology replacement programmes.

Outlook

Management continues to focus on diversification, vertical integration and realising cross-selling opportunities across the business in order to deliver sustainable revenue growth.

Overall, whilst still early in the year, the encouraging trends in the first quarter mean the Board expects to deliver full year underlying operating profit in line with current market expectations(1) .

(1) Latest company compiled view of market expectations shows an underlying operating profit consensus of $62.8 million with a range of $62.3 million to $64.0 million.

[aishah] 28/10/2022 14:42

Half year results soon on 9th Nov. Small caps have made tentative move up but this one keeps lagging. Hope there's no bad news on the way.

[disc0dave45] 21/10/2022 20:02

HenryAnother one filtered

[gymratt] 21/10/2022 16:38

Enjoyed that. Thank you for posting.

[wanttowin] 21/10/2022 10:49

Interesting article here, something to read whilst we wait for a revival.

[disc0dave45] 12/10/2022 12:39

Beginning to look like a saucer now instead of a bowl :)

[steeplejack] 10/10/2022 11:59

Yes Rothschilds holding is 24.72% last count.

[zho] 10/10/2022 11:33

The Observer wrote that, in addition to Rothschild's then declared inheritance of £500 million, his actual inheritance "hidden in a series of trusts in Switzerland is rumoured to be worth £40bn"



That claim may be excessive, but it still seems likely that NR's 24.6% holding in VLX (marcap £374m) represents only a small portion of his wealth, and so I'm not convinced he would be swayed by related IHT consideratons.

[investoree] 10/10/2022 08:42

Many holders would probably sell should VLX be returned to the main market. The benefit of the Inheritance Tax exemption on death and with Nat holding nearly a third of the company I can't imagine him willingly deciding to lose a substantial proportion of his 'effectively' untaxed wealth that would otherwise be passed on to his family in tax (death duties).

[steeplejack] 10/10/2022 07:50

Volex would be well advised to graduate from an AIM to a main board LSE listing.The AIM market has limited credibility especially internationally.It has reputation for being "leaky' and manipulated.For good reason,swathes of institutional investors won't purchase AIM listed securities.

[ijamlon] 09/10/2022 10:24

https://uk.finance.yahoo.com/news/uk-growth-stock-48-off-091556202.html

[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.