Volex Share Discussion Threads

[igoe104] 22/6/2023 16:14

Great to see them go down the REX route, and give excisting shareholders an opportunity to invest at a discount, rather than go via primary bid route, which gives traders the opportunity to buy and then dump into the market, (for a quick buck) A class idea, from a class bunch of management team..

[hiddendepths] 22/6/2023 16:08

I sold out a couple of weeks ago on the obvious pump that was going on ahead of a placing - the change of advisor was already a red flag that this would happen. Bought back at a 1% premium to the issue today. That cost me 10p or so per share from my sale. I was nervy about a placing in this horrible market but the small discount to the pumped up share price that was achieved coupled with the management buying, the acquisition and the clear situational statement made me get straight back in.

[dr biotech] 22/6/2023 16:07

I've not seen a lot of that with primary bid. There is a quite a lag between applying for the shares and receiving them before they reach your account. You could probably forward sell them but there are risks.

What I have seen a lot of from PB is a load of shoddy companies taking naïve punters money. I've "bought" £1000 of about 20 PB offering and followed how they have done in a theoretical portfolio. Currently this is down 20% on average. Worst offenders MJ Hudson (-100% about a month later) Angle/Net zero (-80%) a whole stack down 20-50% with only AO (+100%) Trident Royalties (+30%) doing well. Avoid them all.

Never heard of rex until today.

[hiddendepths] 22/6/2023 15:32

Haven't seen a REX deal before. In this case it was only existing shareholders who could participate. The trouble with PrimaryBid is that its use usually trashes the share price for a while as the stags pile in and then some pile out quickly at any price. The only consolation to those not in a position to act, or move quickly enough, is that the PrimaryBid drop usually allows them to pick up shares at the issue price in the open market.

I hate Primarybid because it gives short term traders profits in companies they know nothing about and real investors lose out. It makes me spit when companies proudly say that they're looking after their retail investors because that is one thing they are definitely not doing.

[cerrito] 22/6/2023 13:10

No idea why everyone is using REX rather than Primary Bid as people like me who use Barclays cannot go in with REX. This is the third or fourth fund raise through REX I have not been able to participate in, not that I would have done with any of them.

[johndoe23] 22/6/2023 12:37

New broker forecasts should be interesting, anyone with any as yet?

[owenski] 22/6/2023 11:55

May as well buy what you want in the open market.

[dougmachin] 22/6/2023 09:43

I took another 5K in the open market at 278p.
At a 1% extra to the placing!
I'm fine with that, based on the directors taking 15 million at 275p.
DM

[greyingsurfer] 22/6/2023 09:34

I'm afraid it was today! The retail offering is a side show to the placing, and that will take place in a rush. II closed the offering at 10.30 today.

[zho] 22/6/2023 09:23

>>Im with AJB nothing yet>>

AJB sent me an email at 9.10 - slow compared to HL and II. Unfortunately their deadline for subscribing was 10am.

[slogsweep] 22/6/2023 09:18

4 north 22nd June is today are you sure its not July? Im with AJB nothing yet

[dr biotech] 22/6/2023 09:03

I’m with them too, they weren’t on the list and I doubt there would be enough time for them to action it.

[sooty snipes] 22/6/2023 08:22

I have a Halifax account and have nothing showing under corporate actions. :o(

[greyingsurfer] 22/6/2023 08:03

Just popped up on ii. Thanks for help. Though still not showing under "Corporate Action notifications", which the alert linked to! But it seems to have worked.

[togglebrush] 22/6/2023 07:43

Barclays, Smart Investor, is a NO SHOW

[danb45] 22/6/2023 07:34

log in online - go to account where VLX held scroll down - black box on right is corporate actions

[volsung] 22/6/2023 07:30

Put in for a grands worth

[ali47fish] 22/6/2023 07:26

how can this be equitable- given everything is this offer good

[greyingsurfer] 22/6/2023 07:23

Not showing in my II account, under corporate actions. Where did you see this?

[cgequityinvest] 22/6/2023 07:23

I have had message from HL but no indication how I can apply - how do you get into corporate actions?

[aeu97137] 22/6/2023 07:14

Interactive Investor retail offer available via corporate actions - 10:30 deadline

[4north] 22/6/2023 07:09

On HL: "Action required before 22nd Jun 2023 11:00"

[ali47fish] 22/6/2023 07:07

is there a deadline by which to participate- what if my broker is no participating