Volex Share Discussion Threads

[primarch1] 07/5/2024 14:47

Needs to break through 340,liked the last update very upbeat let's hope it will push it through that resistance.

[ijamlon] 05/5/2024 15:01

I think we all agree EV is not the be-all-and-end-all for Volex's growth. But all the same, the EV infrastructure picture is quite healthy in the UK. It will probably get even healthier under a Labour govt... https://www.theguardian.com/environment/article/2024/may/05/uk-installs-record-number-of-public-electric-vehicle-chargers

[pcok] 02/5/2024 18:27

Excellent link thank you.

[disc0dave46] 02/5/2024 10:20

Thanks for that.

[sharw] 02/5/2024 09:30

If you want to know what Murat T is about just get it from the horse's mouth:

[pcok] 02/5/2024 08:16

An automotive wiring harness can be defined as a set of organized wires, connectors, and terminals which run all over the vehicle for relaying power and information. It plays a very important role in connecting different components of the vehicle. Each wire in the wiring harness system has many different types of wires depending on where they will be installed, heat and cold resistance, and other important considerations.The above is taken from MT webpage. Should have done more research but now I know. They are complex technical assemblies that can be tailored to fit individual vehicles needs. Sounds a very good addition to the VLX portfolio and soon to be expanded into the US.

[ymaheru] 02/5/2024 00:16

Dr B is right.
OHV is mainly agriculture and construction vehicles.
MT do more than just that, but OHV is a high growth sector at present.

[pcok] 01/5/2024 23:33

That's what I initially thought Dr Biotech but "a manufacturer of complex wire harnesses for the off road sector" is how they described MT in the acquisition RNS. Can anyone shed any light onto what this definitely means.

[dr biotech] 01/5/2024 20:00

Off road - tractors, diggers, and other vehicles that don't have a primary use on the road. Thats what I took it to mean.

[pcok] 01/5/2024 18:00

Agreed but feel the rabbit in the hat here is the as yet undisclosed contribution made by the acquisition of Murat Ticaret. I don't even know what off road means in this context but they keep hinting of strong cash flow and plans to expand state side. Sounds a splendid addition to Nat's poker hand. I will be adding on any weakness.

Anglo American under siege for the apparently critical copper supply. We are the company that turns the copper into all the uses causing such excitement. This is a cracking LTH.

[tulley1] 01/5/2024 16:48

The play on data centres is far more interesting than tesla

[ayl30] 01/5/2024 15:15

I never said it was!

[igoe104] 01/5/2024 13:29

EV is only 16% of VLX sales, why do folks continue to talk like VLX is a pure EV play.. 🤷

[johndoe23] 01/5/2024 13:26

No but VLX is more than just EV cables

[ayl30] 01/5/2024 12:27

Tesla slowing rate of charger network, won't help EV sales!

[pcok] 24/4/2024 12:33

Same argument as for Tesla. Selling more even with reduced margin helps to maintain profit levels. Historically VLX has been very good at negotiating deals to protect the margin by for example passing on fluctuations in copper pricing.

[foreverbull] 24/4/2024 12:24

But there will be on pressure on margins as well for Volex if they pass that on their supply chain

[ijamlon] 24/4/2024 06:24

Tesla now prioritising volumes over margins - should be a positive for their top cable provider.

[johndoe23] 23/4/2024 13:09

Yep still only 10.5 tines forward earnings, without any possible upgrades

[pcok] 22/4/2024 14:01

Nice little rerate in progress since the TU. About time.

[igoe104] 19/4/2024 13:51

I can only see more and more growth coming VLX way, especially when I read articles like this.. Lots of cables needed for all this datacenter growth..

[z1co] 19/4/2024 06:45

Volex, which makes power cords and charging plugs for electric cars, said annual sales were lifted by contributions from a cable harness maker it bought last June. It charged up 5.2 per cent, or 15p, to 303p.

[z1co] 18/4/2024 19:53

Prior to today's trading update analysts were expecting it to generate earnings per share of 36.5 cents for the year ending 31 March 2025. At today’s share price and exchange rate, that equates to a forward-looking P/E ratio of just 10.5.

That forward P/E will be even less after the expected upgrades.

[z1co] 18/4/2024 17:15

Market & Company News

Volex rises as revenue and profit set to exceed market expectations

18 April 2024, 11:04Source - Alliance News

Volex PLC shares rose on Thursday, after it said it expects its annual performance to be ahead of market expectations.

Volex is a Basingstoke, England-based specialist integrated manufacturer of critical power and data transmission products. Its shares were up 6.0% to 305.39 pence each in London on Thursday morning.

For the financial year ended March 31, revenue is now expected to be at least $900 million, an increase of 25% over $722.8 million the prior year.

Further, underlying operating profit is now expected to be ‘slightly̵7; ahead of analyst expectations, citing $84.2 million. In financial 2023, Volex reported an underlying operating profit of $67.3 million.

‘This performance underscores Volex’s ability to secure additional customer commitments and deliver new projects, whilst maintaining robust financial and operational discipline,’ Volex said.

It added that operating profit margins improved in the second half of the year. Volex said that this was partly a result of product mix, including the contribution of Off-Highway sales, offset by accelerating investment in future strategic growth initiatives to support increased, long-term customer demand.

Executive Chair Nat Rothschild said: ‘Our ability to continue to deliver strong growth in challenging markets is a testament to the quality of the team, our strategy and our ability to respond to the needs of our customers. We enter the new financial year with confidence and optimism thanks to the strong momentum generated in the current financial year, improving market conditions in the Electric Vehicles and Consumer Electricals sectors, as well as an abundance of opportunities in the new Off-Highway sector.’

Volex is scheduled to publish its annual results in late June.

[ali47fish] 18/4/2024 16:39

lombard odier has added to holding