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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Volex Plc | LSE:VLX | London | Ordinary Share | GB0009390070 | ORD 25P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 303.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 306.50 | 307.50 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electronic Components, Nec | USD 912.8M | USD 39.3M | USD 0.2163 | 14.17 | 550.4M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 303.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/12/2024 | 06:12 | ALNC |  TT Electronics has "confidence" in outlook as Volex ends pursuit |
| 12/12/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - Volex PLC |
| 12/12/2024 | 12:00 | UK RNS | Peel Hunt LLP Form 8.5 (EPT/RI) VOLEX PLC |
| 12/12/2024 | 11:40 | ALNC | Volex ends takeover approach for TT Electronics as offers rebuffed |
| 12/12/2024 | 11:06 | UK RNS | Barclays PLC Form 8.5 (EPT/NON-RI)VOLEX PLC |
| 12/12/2024 | 11:00 | UK RNS | Charles Stanley & Co. Ltd. Form 8.3 - TT Electronics plc |
| 12/12/2024 | 11:00 | UK RNS | Volex PLC Statement re TT Electronics plc |
| 12/12/2024 | 10:40 | UK RNS | Amati Global Investors Ltd Form 8.3 - Volex plc |
| 12/12/2024 | 09:56 | UK RNS | Jefferies International Limited. Form 8.5 (EPT/NON-RI) Volex plc |
| 11/12/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - Volex PLC |
Volex (VLX) Share Charts1 Year Volex Chart |
|
1 Month Volex Chart |
Intraday Volex Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/12/2024 | 13:10 | Volex 2013 : Plug in for recovery ? | 7,356 |
| 27/7/2022 | 23:22 | VOLEX - really a rolex for the 2020s. | 416 |
| 16/2/2022 | 14:52 | Update on Volex | 15 |
| 17/6/2021 | 15:22 | It's flying! | 3 |
| 18/7/2014 | 08:59 | VOLEX - double your money and take it away | 1,297 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-12-12 16:35:37 | 303.00 | 15,000 | 45,450.00 | O |
| 2024-12-12 16:35:34 | 303.00 | 1,500 | 4,545.00 | O |
| 2024-12-12 16:35:27 | 303.00 | 1,500 | 4,545.00 | O |
| 2024-12-12 16:35:00 | 303.00 | 81,351 | 246,493.53 | UT |
| 2024-12-12 16:29:59 | 307.32 | 160 | 491.72 | O |
| Top Posts |
|---|
Posted at 12/12/2024 08:20 by Volex Daily Update Volex Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker VLX. The last closing price for Volex was 303p.Volex currently has 181,651,108 shares in issue. The market capitalisation of Volex is £556,760,646. Volex has a price to earnings ratio (PE ratio) of 14.17. This morning VLX shares opened at - |
Posted at 12/12/2024 12:51 by rachael777 Is there some element of arbitrage unwinding here since the announcement at 11am as ttg and vlx are moving in opposite directions post the initial reaction to the news which suggests vlx price a bit cheaper than it should be so opportunity to add a few |
Posted at 21/11/2024 15:11 by redartbmud Peter France was appointed CEO of TTE on 27 July 2023.Since that time there have been a few more board changes and the CFO of 10 years has now announced that he is leaving in 2025, when a successor is appointed - that may not be necessary. (Who would want a job where the likelihood is that it is taken away in short order when a takeover occurs). They have also divested a few businesses since his appointment. Val makes some excellent points and I believe that his analysis is spot on. The expanded business may have a higher than normal operating debt load, for a time, but thatcan be maneged and swift structured action can trim 'unncessary' overheads and general waste such that cash savings and greater efficiency brings it down very quickly. TTE would indeed be a bag of poo, but there is something there worth saving. The board of Vlx are hard nuts and wouldn't take it on if they didn't think it worthwhile. A short to medium share price underperformance may proove worthwile in the long-term. red |
Posted at 20/11/2024 15:22 by dr biotech No, the c20% drop here isn't giving off vibes of approval. TT may have been a recent basket case with hopeless management. But slagging off the potential target doesn't spell out a compelling case why it would be good for VLX. All we know about them (via VLX) is that they have wasted a lot of money on value destructive acquisitions.Brokers can quote various targets and say it undervalued, but then the share price told a different story. Sort of surprising that the TT CEO has never bought a share - how much belief does he have? And if I was a TT shareholder I'd like to know more about the cash offer, in particular why is wasn't put to the shareholders. |
Posted at 20/11/2024 05:50 by foreverbull Volex rallying support for TT takeoverRothschild delivers a demolition job on his rival, but is it enough?Tuesday November 19 2024, 12.01am,On Friday, Volex's executive chairman disclosed that, after two takeover approaches late last month, he'd had enough of being rebuffed by TT's board. So, he was going over their heads to investors, with what was then a 139.6p-a-share indicative bid at a 76.7 per cent premium: 62.9p in cash and 0.223 in new Volex shares for each of TT's.It was, in M&A speak, a classic bear hug. So who, you ask, had come up with it? Nat Rothschild, or Lord Rothschild as he's now known, the Volex boss with a 25 per cent stake. And, yes, there is an obvious riposte: isn't he the bloke who gave us the Bumi mining fiasco, not to mention Genel Energy? Indeed, he is. But investors have had a far happier experience at Volex. And not least because, in contrast to Bumi, neither he or they are being duped by Indonesia's Bakrie family.After that farrago, a man as rich as Rothschild could have kept clear of the public markets. Instead, in 2015, he became executive chairman of Aim-listed Volex, turning a £30 million tiddler into what, ahead of his TT tilt, was a group valued at £630 million: one employing 13,500 staff in 25 nations and nicely cabled up for a decarbonising/AI world.Over that time, TT has been going in the opposite direction: a point Rothschild didn't miss. Ditto three Volex executive directors, who once worked for TT. In a nine-year tenure, TT's ex-boss, Richard Tyson - now chief of Oxford Instruments - earned £10 million-plus pay but left the shares below where he joined. His successor, Peter France, in charge since October last year, unveiled a plan in April to "unlock value". Instead, after problems in the US, he halved the share price to 75p - at least before Volex arrived.Still, has Rothschild dangled enough? TT's board, chaired by Warren Tucker, said Volex's tilt "fundamentally" undervalued the group. But it also said it had "recently received and rejected an all-cash indicative proposal from another party at a significantly higher value". Yet, the question it won't answer is what it means by "recently". Was that before or after September's profits warning? The shares had ticked higher for a few days in August. Was it then?Richard Bernstein, of the activist Crystal Amber fund, is no longer a TT shareholder. But as he quipped: "More front than Selfridges springs to mind when reading TT . . . responding to bid proposals from Volex." He also said that, in contrast to Rothschild's "skin in the game", France "hasn't yet bought a share", even if he had nil-cost options that, purely thanks to bid interest, were now "worth £1.4 million".Still, with the merger arbs aboard and Volex shares down more than 10 per cent to 302p, its TT bid now works out at 130.2p a share. Investec called it "highly opportunistic", given likely synergies. Stifel reckons Volex, which has bought a 2.95 per cent stake in TT, will need to get to "160p-plus". And, at 104p, down 6 per cent, TT shares are hardly signalling a deal. Rothschild must persuade three big TT investors - Fidelity, BlackRock and Aberforth - together with about 30 per cent. But, as Stifel noted, much of his "critique of TT's record rings true". He just has to add some sweeteners to his opening barbs. |
Posted at 19/11/2024 02:30 by shaker45 Yes I think he would, if a hostile bid gets too costly. He doesn't need vlx share price punished more, when debt ratio getting higher.His team may have other targets in their sights |
Posted at 18/11/2024 08:28 by redartbmud LTThe TTE deal or no deal creates uncertainty that markets do not like. Vlx shares are now in play for day traders and that will create undue volatility as rumour and counter rumour are spread around. I suspect the share price will remain subdued until clarity returns. red |
Posted at 15/11/2024 13:43 by sphere25 Look at that pop higher on the official rejection from TTG. This move down looks more like worries of overdoing it on the takeover front, rather than the results. TTG is in trouble with rapid forecast cuts and debt higher than expected.Yes, TTG is cheap on historic multiples, but buying into that mess with the existing debt and then adding on another £240m worth of debt has got the market worried. The Bulls will say it will work out in the long term, but in the near term the market says it doesn't like it and it could cause all kinds of problems. Naturally time will tell, but VLX would not fall this much if there was no offer for TTG. It looks abit odd, because VLX has just had a little relief rally that TTG has rejected the offer, but then the algos have bid TTG higher on the fact that the VLX price has gone higher. And then currently the VLX price hasn't fallen back down on the fact that TTG price remains strong i.e. worries that VLX will have to push the takeover offer higher to get TTG. So a little bit messy right now, but in the short term, VLX recovers if they don't come back with higher offers and TTG plunges (barring someone else having a sniff) back down. Or VLX could continue back down if the market continues its worries over all that additional debt and how much more debt has to be taken on to convince TTG to come on board. So a few thoughts there on the short term dynamics. Hell, it could all work out beautifully years from now. No idea. Just a short termer here with quick ins and outs. Recently traded the Budget bounce, no trading today because its abit nutty right now but usually watching in here. All imo DYOR |
Posted at 15/11/2024 10:46 by disc0dave46 Their proposal included issue of new shares, which looks like about 22% dilution.TTG has been loss making the last two years and no wonder it's share price is up 38% and VLX is down. Nothing to do with their interims IMO. |
Posted at 10/4/2024 08:38 by dougmachin 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. |
Posted at 10/8/2023 08:32 by dougmachin ali - VLX share price went up on no news... and when there was some good news, it did nothing (went down a bit).Sooooooo, it seems some people knew the good news beforehand and bought. Then, when the good news was actually released (yesterday), the folk who knew already, sold and made some quick money. That's the reasoning... For me, I'm just pleased my biggest holding is totally on the right track. |
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