Volex Share Discussion Threads

[johndoe23] 28/6/2023 17:41

Ruffle reducing I see

[mfhmfh] 28/6/2023 10:35

needs to break & hold this mini-resistance. 300p next stop after that. IMHO.

[johndoe23] 28/6/2023 10:14

Well started ok...

[jadamson] 28/6/2023 08:34

Looking like a good day for Volex eh?

[johndoe23] 25/6/2023 16:40

Just popped up on my quality and momentum stocko screen. Would say most stocks appearing on here have done well...

[valhamos] 23/6/2023 11:55

Pleased with the level of detail about the Murat acquisition in the presentation and Q&A. Volex have been working on the acquisition for 3 years - excellent customer list with no customer overlap with the existing Volex businesses. Like Deka they have the best customers and operate as the lowest cost producer. They have 4 out of 5 of the biggest agricultural equipment manufacturers as customers. They have picked up a lot of business in the last few years from the larger players, operating in the automotive market (presumably companies like Leoni), who could not cope with the requirements of the smaller lot size more niche off-highway sector.

[grahamhacker] 23/6/2023 11:45

Very positive slides and comments on their acquisition, although I guess that's to be expected!

[ijamlon] 23/6/2023 11:21

Peel Hunt summary..:Mid-teens % earnings enhancing acquisition, strong FY23 results • FY23 results came in slightly ahead of expectations that we upgraded at the pre-close; revenue grew 18% (11% organic) and adjusted EBITA 20%• The €178m acquisition of Murat Ticaret in Turkey moves the dial in terms of growth, margins, and end-market/geographic diversification• We increase our TP from 300p to 400p, driven by mid-teens % earnings enhancement from the deal, plus re-rating due to strategic progressVolex has delivered a very solid set of FY23 results with a positive outlook, and a transformational acquisition is further proof of material strategic progress. As a result the rating looks even more out of kilter, and our new 400p TP puts the shares on a PE in line with the five-year historic – still shy of the sector average. We see plenty more upside to come. Buy.

[igoe104] 23/6/2023 10:28

Meet the investor presentation at 10.30 today, for anyone interested..

[danb45] 23/6/2023 09:39

yes good points !!

[johndoe23] 23/6/2023 09:36

170k gone through, possibly a sell. Showing as a buy...

[melody9999] 23/6/2023 09:35

surely the benefit of REX is that you can use existing funds in ISAs (and SIPPs?) Whereas Primarybid you need to bring new cash, and receive shares in a trading account so then have to transfer to an ISA if you want to hold longer term in a tax free wrapper.

[valhamos] 22/6/2023 18:57

Out most of the day but managed to line up some shares in the REX retail offer beforehand. Looks a good complementary acquisition with decent margins.

[johndoe23] 22/6/2023 18:18

Well, just been notified i got all the shares I asked for via HL.

[danb45] 22/6/2023 17:36

I might be incorrect but the advantage of the REX route over primary bid might be the option of being able to allocate the new placing shares to your ISA even if you held the original shares in your trading account

[igoe104] 22/6/2023 17:14

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 17:08

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 17:07

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 16:32

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 14:10

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 13:37

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

[owenski] 22/6/2023 12:55

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

[dougmachin] 22/6/2023 10:43

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 10:34

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.