Volex Share Discussion Threads

[shaker45] 06/3/2024 10:23

Hard to envisage companies giving out anything useful that isn't in the public domain.

[igoe104] 06/3/2024 09:53

In Laymen terms hopefully we aren't going to get anything nasty, any shortcomings are covered by a diversified portfolio of businesses...

Anyway folks shouldn't read in bulletin board gossip, they should contact the company if they have any concerns, I'm in contact with various companies im involved in..

[disc0dave46] 06/3/2024 09:02

You've posted elsewhere:"Been intouch with the VLX management. Alot of folks panicking over destocking issues that some companies have announced like XPP, have recently experienced, and now folks are panicking that it could happen to VLX. Instead of panicking all they have to do is get intouch with the company and will confirm in a carefully worded email they aren't any issues".Can you post up their actual response, thanks.

[disc0dave46] 06/3/2024 08:47

That's what I thought, they've repeated what they said at H1. So what did you mean when you said the issue isn't destocking?.

[igoe104] 06/3/2024 08:37

It wasn't worded like that.

The gist of it was, like they announced in their last statement they have the diversification of customsers to navigate through it..

Record EV sales in February, so more demand for EV equipment will be needed now, I suppose

[disc0dave46] 06/3/2024 08:31

IgoeSo they commented that the share price action has nothing to do with customer destocking and business performance!. Is that the gist of their response to you?.

[johndoe23] 05/3/2024 15:27

Expand on that please?...

[dougmachin] 05/3/2024 12:09

In short, top-up here as much as you dare!

And keep some cash spare in case it dips lower.

[dougmachin] 05/3/2024 12:08

ali - Downing was an investment trust that was making a big loss. So it decided to stop. It had a bunch of VLX shares in it, so they have to sell them.

People here are trying to guesstimate how many they have sold and how many are left to sell.

If they have sold all, then we can be due a nice bounce.

If they have more to sell, then that's annoying!

I think once they have finished selling, that 317p price will be back...

My view is that was a price Volex likes to gravitate to!

And then hopefully break higher, as Downing have stopped their (very annoying) selling.

[igoe104] 05/3/2024 08:57

Just been intouch with the company, it doesn't seem destocking is the issue here. Because of company diversification they can manage any shorterm impact.

Next update next Month...

[igoe104] 04/3/2024 19:48

Electric car sales grew 27% February 2024 compared to February 2023...

[disc0dave46] 02/3/2024 11:49

GargoyleThanks for that, yep minimal selling during Feb from DSM (circa 46k to 50k which would hardly move the dial).

[ali47fish] 02/3/2024 09:23

gdjs dsm is not one of my holdings so no reason to recognise it- and there is unfortunately a frequent tendency to use abreviations by posters who assume all readers are familiar which is not the case

[gdjs100] 02/3/2024 06:37

Downing Strategic Microcap investment trust. Look up the ticker, not too hard. Volex has been their largest position for some time, but they are winding down the trust.

[deanowls] 02/3/2024 04:56

Downing Street management.

Someone possibly selling more shares into the market than buyers pushing the price down.

[ali47fish] 01/3/2024 22:10

your making thss impenetrable for other investors - cant some one state the issue more clearly and who or what is dsm

[gargoyle2] 01/3/2024 19:23

According to today's RNS from DSM, as at 29 Feb, they had total assets of £30.44m, of which 8.35% was VLX (i.e. £2.5m worth - or just under 900k shares), so only a small holding left. As at 31 January, they had just under £3m worth of VLX, although the share price then was 317-ish, so around 940k shares. If my reading is correct, then they may not have been that much of a seller during February - 50k shares or so?

[disc0dave46] 01/3/2024 14:43

Tend to agree it could still be DSM offloading, won't know for certain. The GM on 28th approved the closure of the fund. Difficult to know what their holdings were or still are as they went below the 3% limit ages ago (think 2021).

[boadicea] 01/3/2024 14:36

This has been a nasty and slightly unexpected dip but volume has normalised since midweek and the share price is coming off the bottom this afternoon. (Hope it's just not shorters taking their profit.) Anyway, I've risked a top-up to restore my weighting.
Always the risk of a double dip so kept some powder dry. No obvious long term adverse trend even if destocking knocks this half year so assume it's a one-off effect.

[mfhmfh] 01/3/2024 13:59

Shouldn't there be a Holdings RNS with regards to the seller and buyer as its been going on for a number of days?

[igoe104] 01/3/2024 13:21

Its definitely downing offloading as they are closing their small cap fund. They had the destocking issue with Ev at the back end of 2023,but said its only short term issue, so hopefully thats cleared now. But the rise in demand for data centers cables more than covered Ev destocking anyway last year. Definitely a opportunity to add if your have spare funds..

[rimau1] 01/3/2024 13:09

This is either the buy of the year at 2.77 or the messaging on a destocking/slowdown in EV/consumer electrical is going to result in a warning. Question is whether industrial/data centres/medical can continue to pick up the slack. What do we all think? I must admit that i am averaging down at these levels. Long term this is a high quality hold.

[johndoe23] 01/3/2024 12:47

Fund still selling

[ijamlon] 29/2/2024 19:00

Since the high two weeks ago there has been trading volume of around 5.5 mln shares. Roughly 3 mln higher than what is typical over a fortnite.

[pugugly] 29/2/2024 16:45

Price firming towards the end of the day - Could the Downing holding be nearly cleared? That is if most of the volume is from the Downing liquidation?
If so there might be a bounce tomorrow.
By my calculations e&oe Downing held about 940,shares on 31st January,