Volex Share Discussion Threads

[rimau1] 18/4/2024 06:07

Wow, this is a nice surprise. Earnings beat and signalling a recovery in end EV and electrical markets. No concerns indeed john.

[siggs44] 18/4/2024 06:06

Fantastic 25% growth. Great news.

[ijamlon] 18/4/2024 06:05

Boom! Ahead of expectations, 25% yoy revenue gain, wider margins. Extremely strong growth in medical and industrials including data centres. EV robust. Cashflow strong. This should be above 400

[johndoe23] 18/4/2024 06:05

No concerns here

[johndoe23] 17/4/2024 08:54

Leaky leaky

[rimau1] 15/4/2024 16:16

Website just says TU late April is this week confirmed

[daveme] 15/4/2024 16:14

You can bet your bottom dollar that if there is a slowdown in EV cables then the share price will get hit even though it has already dropped from 320p+ to the current 270p in the last few weeks potentially due to that very belief.

[ijamlon] 15/4/2024 10:00

Results this week. Share price implied expectations look extremely low, all centred around EV. Beats have been the norm.

[dougmachin] 11/4/2024 06:54

Dr. B - I think just under 2% is a lot to be selling, especially if the small amount that's been sold by Downing has affected the share price so much.

Also, that's the share price of the fund falling, not the share price of the companies in the fund. I still think Milkwood could be good here...

Will be interesting to see in a month what the next factsheet shows.

In the meantime, hopefully a cracking update...

[dr biotech] 10/4/2024 16:37

They own less than 2% here, so I wouldn't worry about them too much. Not sure the activist investor is going to be doing a lot of good - forcing a return of cash via dividend rather than B shares. I believe this has some tax implications for those who don't hold within a sipp/isa.

I hold API and an activist there prevented their merger and the share price has fallen c15%

[dougmachin] 10/4/2024 15:40

Downing's cash has gone from 34% to 44%, so they've been selling to generate cash for the special and further dividend, about 17.7 million.

"However, given today's result and the fact that our preferred proposal has been blocked by a new Shareholder with an agenda of its own, we believe that the correct thing to do is to press ahead with a dividend to Shareholders which, while not our preferred route, has the merit of fulfilling the mandate we were given to wind-down the trust and return cash proceeds forthwith."

So, maybe the selling is now paused... to see what Milkwood are going to do.

That could be good...?

[dougmachin] 10/4/2024 15:31

And Downing Factsheets here:

[dougmachin] 10/4/2024 15:22

DSM (DOWNING STRATEGIC MICRO-CAP INVESTMENT TRUST PLC) news here:

[dougmachin] 10/4/2024 15:21

This is interesting, from 4th April 2024:



Background

Between the February General Meeting and today's General Meeting two institutional Shareholders, who were supportive of the Company's managed wind-down, and who had voted in favour of adopting that investment policy, sold their holdings to Milkwood, an investor opposed to the managed wind-down, and hence to the B Share Scheme.

The Board has been made aware that Milkwood is seeking to secure the future management of the Company's portfolio for itself. Since the February General Meeting, Milkwood has built up an approximately 28 per cent. shareholding in the Company which allowed it to block the implementation of the proposed B Share Scheme. This shareholding compromises the position of the Company's other Shareholders who had voted in favour of the managed wind-down, but to whom Milkwood has not offered a cash exit. As a proportion of votes cast at today's General Meeting (excluding Milkwood's acquired stake), the votes in favour of returning capital through the B Share Scheme amounted to 99.72 per cent. This indicates that there remains a significant body of Shareholders who still wish the Company to return cash to them in accordance with the Company's investment policy. The Board believes that it has a duty to find a way to permit those Shareholders to exit for cash and to invest that cash as they wish.

[muzmanoz] 10/4/2024 14:48

Latest downing factsheet released today. Shows vi lol ex holding of 8.16% end of March as opposed to 8.35% end of Feb.

[dougmachin] 10/4/2024 08:38

XPP's up 7% today.

I think it's worth comparing VLX's chart against TSLA's chart. VLX seems to be following that far too closely over the past 2-3 years.

It seems VLX's share price needs to get its own life and break away from pegging TSLA's.

Anybody got any idea when Downing are done? Uncertainty is the last thing any share price needs.

We need a good TU pronto to get the share price back on track.

Frustrating we are down here, after the share price tried so many times to break out above 320p.

[rimau1] 10/4/2024 06:20

XPP still struggling with destocking and they are not calling the bottom yet in todays TU. Explains price action here IMO, as well as the fund seller of course. I continue to average down with a long term view.

[siggs44] 08/4/2024 14:31

Looking forward to the trading update in about 10 days time hopefully.

[red ninja] 08/4/2024 10:23

Vlx link with ev spoiling sentiment here it seems😳

[shaker45] 03/4/2024 01:49

Agree. Data centres will expand and proliferate as power hungry AI moves forward apace. Sweet spot for vlx

[pcok] 02/4/2024 20:52

Fall could be due to TESLA quarterly numbers drop. This is the advantage of many irons in the fire. Progress elsewhere may well exceed this shortfall

[ijamlon] 02/4/2024 16:27

After globally consuming an estimated 460 terawatt-hours (TWh) in 2022, data centres' total electricity consumption could reach more than 1 000 TWh in 2026, according to the IEA, citing that the demand is roughly equivalent to the electricity consumption of Japan.

[dope007] 27/3/2024 11:23

Made a first purchase in my ISA today. Watched these for a while and happy to make a first investment at this level. They look to be in a very good mkt which can only grow substantially. there is lots of competition but these guys seem to have top quality product that sells across multiple high growth potential sectors.

[ihatemms] 26/3/2024 17:26

And by sheer luck/coincidence -here’s the article to prove it:-)

Data centre power use 'to surge six-fold in 10 years'