Volex Share Discussion Threads

[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,

[insideryou] 29/2/2024 09:08

satan called back is favourite.

[dan_the_epic] 29/2/2024 08:13

Bought some, good entry level!

[shaker45] 28/2/2024 10:44

I doubt that will impact the running of vlx. Life goes on

[disc0dave46] 28/2/2024 10:31

Is it likely that NR will have extended compassionate leave?. Lots of family finances etc to sort out which obviously will distract in the short term.

[ali47fish] 28/2/2024 09:42

going back to being volatile is spite of recent updates being optimistic about prospects- not keen to add now

[johndoe23] 27/2/2024 14:20

There are lots of funds liquidating at the moment. A pain but should see as an opportunity

[pcok] 27/2/2024 10:03

Hoving into top up territory

[aishah] 26/2/2024 16:14

Weakness here could simply be DSM liquidating as they are winding up thus creating an overhang imo.

[disc0dave46] 26/2/2024 14:23

Was just reading the sad news, sincere condolences.