Volex Share Discussion Threads

[ijamlon] 08/11/2023 16:18

Results two weeks tomorrow - all eyes on data centre growth

[igoe104] 08/11/2023 09:05

Looks like the VLX team are touting for business at the international conference in colardo, talking about Data centre power cables.

[igoe104] 07/11/2023 08:04

Its common knowledge that over 3000 data centers are going to be built by 2030, plus the large growth in EV. Its good news for a cable company like VLX..

[ymaheru] 05/11/2023 21:30

Thanks igoe34.
That’s some growth rate.
I’m sure it’s faster than even VLX would’ve thought before. Good ol’ AI.

[igoe104] 05/11/2023 19:32

This will benefit VLX as they are well involved with Data centres.


The Data Center GPU Market is projected to grow from USD 14.3 billion in 2023 to reach USD 63.0 billion by 2028; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 34.6% from 2023 to 2028 according to a new report by MarketsandMarkets482;. The growth of the data center GPU market is driven by rising focus on parallel computing in artificial intelligence (AI) data centers, growing use of deep learning technology in big data analytics, increasing data traffic and need for high computing power.

[1jgoold] 27/10/2023 10:10

Thanks Ay.

[johndoe23] 27/10/2023 10:10

End game to sell the company I would imagine

[ayl30] 27/10/2023 10:05

It's a core holding of hisThink he is in for the long termThink RIT is a holder too

[1jgoold] 27/10/2023 09:35

I'm looking at these for the first time. The company seems to be in the right sectors, has grown sales and pre tax profits each year since 2017, a decent ROCE, improving margins and an undemanding PE. With his large beneficial interest, Nat Rothschild is important here - any of you longer term holders know what his plans are for his holding?

[blusteradjuster] 27/10/2023 06:24

The IEA expecting 20% more electric vehicles on the road in 2030 than it did last year.

[togglebrush] 26/10/2023 13:55

Opinion from Stockopedia on Trade Update concludes

The forward PER of 10.3x seems modest, considering the excellent track record here, and no signs of any impact from macro problems.

This is hard to argue with, and a forward PER of 10x seems distinctly undemanding

[cerrito] 24/10/2023 07:53

Reminded myself that underlying operating profit in FY21/22 was UD54m and last year FY22/23 was US67m and they have nailed their colours to the mast for US84m this year.
There are of course more shares currently at 181m compared to 158m average in the last FY.

[owenski] 24/10/2023 06:43

Some verticals are slowing, although the update says this is more than offset by others. -

"demand has not been uniform across the Group's market sectors. The easing of pressure in supply chains and higher interest rates have caused some Electric Vehicles and Consumer Electricals customers to closely manage inventory levels. This has been more than offset by strong demand in Medical and Complex Industrial Technology supported by better availability of key components. There is evidence of de-stocking slowing in some channels, as order patterns are starting to normalise, particularly in Electric Vehicles."

[miti 1000] 24/10/2023 06:36

Not the best.

[mfhmfh] 24/10/2023 06:29

Also, improved margins overall for the group from Murat Tijaret

[johndoe23] 24/10/2023 06:15

No slow down or profit warning in sight, that's the main thing

[togglebrush] 24/10/2023 06:08

Extracts of Update

Revenues for the first half of the year were 4% higher than last year on an
organic, constant currency basis, against a strong comparative period.

$195 million acquisition of Murat Ticaret completed during the first half of the year. Integration activities are well underway and initial customer engagement has been very encouraging.

Costs for the recovery and remediation of Cyber systems are anticipated to be approximately $2 million, which will be reported as an exceptional item in the second half of the year.

Remains on track to deliver full-year results in line with market expectations. Delivered a robust performance during the first half of the year. Notice of results expects interim results on 23 November 2023.

[johndoe23] 24/10/2023 06:06

Good update

[peddlers] 23/10/2023 13:55

I've been stopped out.
Oh dear 🙄

[shaker45] 23/10/2023 13:23

Yep. Why would anyone buy when it looks as though it will be cheaper next week?

[ltinvest] 23/10/2023 13:17

Lots of stocks going down must. Feel like it's got to be redemptions from funds. Probably be buying a few more before earnings update mid November

[johndoe23] 20/10/2023 13:02

Too many sellers everywhere at the moment

[bigbigdave] 19/10/2023 06:28

TSLA missed forecasts last night