Volex Share Discussion Threads

[igoe104] 03/5/2023 09:37

Hopefully overhang cleared..

[sooty snipes] 03/5/2023 09:15

Where's Worldwide Tw@t nowadays

[johndoe23] 28/4/2023 12:13

Prefer it they reduced completely but still good news

[mfhmfh] 28/4/2023 11:19

GLG partners have reduced their short position from 0.78% to 0.65% on 26th April.

[essentialinvestor] 27/4/2023 16:35

A bit annoyed at myself not buying a few,
hopefully another opportunity.

[valhamos] 27/4/2023 16:34

The contract announced today represents over 20% of EV sales. It also confirms the broadening of the EV product set beyond charging to on-car components.

"In addition, we have successfully expanded beyond Mode 2 EV charging cables (or "grid cords") onto specialised "on car" connectors, complex high voltage assemblies and wire harnesses for use inside the vehicle, increasing our total sales opportunities in the EV market."

[disc0dave45] 27/4/2023 16:09

Agree, they really need to update more regularly between Oct/Nov and April, particularly given the current market conditions.....not good enough IMO. Think that's why the share price drifted and the worst was expected.

[johndoe23] 27/4/2023 12:49

Nice to see some traction this morning. Hopefully 230p will be the low here for the foreseeable!

[aishah] 27/4/2023 11:09

I added post the trading update. Company being silent for 5 months didn't help sentiment I guess. Terrific update and a good EV win today. Will keep adding more on dips.

[blusteradjuster] 27/4/2023 10:42

The Mexican automotive sector stands to benefit from the US Inflation Reduction Act, good for Volex to be involved.

[ymaheru] 27/4/2023 09:23

I think this is Toyota pickup trucks, just as they start making their EV product (being launched next year). So, it’s nice, but won’t be that significant until volume/ adoption ramps up. Toyota will carry on making petrol pickups mainly.

So, positive news, but not yet huge. Like others, I see reason for optimism tho, as Volex have grown their EV product sales so fast. Within a couple of years this should be helping that continue. It’s almost certainly a growth market even in a recession.

[ijamlon] 27/4/2023 09:21

The market fundamentals are a lot more challenging at the moment but this will inevitably pass. On pretty much every metric this a bigger more profitable faster growing company than it was when the share price was near £5

[johndoe23] 27/4/2023 09:06

Yep, AIM is just dreadful at the moment, isn't it?! Should be 280-300p here, at least thus low price gives an opportunity to add at a decent price.

[igoe104] 27/4/2023 08:42

This market is completely pants, it doesn't matter what RNS the company puts out, very few are interested...

[owenski] 27/4/2023 08:33

Sounds like they're spreading their product offering beyond just charging cables and are also fabricating cabling assemblies for inside EV's... A massive growth vertical in itself.

[redartbmud] 27/4/2023 07:49

Nice ittle contract win.
That re-emphasises the reason for my investment in this company.
Eventually Mr Market will wake up to the quality of the operation and the forward momentum and kick the share price upwards to more acceptale levels.

red

[siggs44] 27/4/2023 07:42

Lovely jubbly- why I invested in Volex.

[adorling] 27/4/2023 07:28

RNS: Volex (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, is pleased to announce it has secured a major new contract win with a leading, global North American-based automotive manufacturer to supply advanced Electric Vehicle ("EV") power products from its manufacturing facility in Tijuana, Mexico.
The annualised revenues arising from this contract are expected to exceed $30 million, with full production anticipated to commence during the 2024 calendar year.

Should see more shorts having to buy-to-close today after such good news!

[grahamhacker] 27/4/2023 07:27

Even more encouraging is the investment they are making across the the EV product range/across the Group. This is a very shrewd move - VLX roll started over a year ago, let's hope the market understands it! ?

[johndoe23] 27/4/2023 07:20

Nice contract win, seems pretty significant

[worldwidet] 26/4/2023 09:54

"WorldwideT
19 Apr '23 - 11:26 - 6398 of 6422

260p a late easter present to sell"

[mfhmfh] 26/4/2023 00:12

looks like GLG partners have reduced their short position by 0.10% to 0.78% on 21st April.

[mfhmfh] 25/4/2023 18:30

VLX has beaten expectations in a period of time where there was high inflation and worldwide supply chain issues.

Both of these are now improving and their target markets are growing.

IMHO.

[johndoe23] 25/4/2023 17:46

Indeed, I have a long timeline

[valhamos] 25/4/2023 17:03

How quickly after a strong trading update do we revert to discussing share price movements!

The trading update gave a good steer as to how the near term future for Volex is shaping up - the company is targeting markets with strong structural growth, the growth that the company is seeing is ahead of the underlying market (the company is gaining market share) and VLX is expanding its capabilities and widening its product offering thereby increasing wallet share with existing customers as well as attracting new ones.

My investment philosophy has been to concentrate on the business not the share price. Get the business right then the share price will sort itself out.