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
  -1.00 -0.28% 350.00 406,392 16:35:22
Bid Price Offer Price High Price Low Price Open Price
351.50 353.50 356.00 351.00 351.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 315.37 12.78 7.98 49.9 533
Last Trade Time Trade Type Trade Size Trade Price Currency
17:39:23 O 2,998 350.964 GBX

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Date Time Title Posts
14/6/202120:54VOLEX - really a rolex for the 2020s.128
24/5/202116:57Volex 2013 : Plug in for recovery ?4,114
05/10/201716:34It's flying!2
18/7/201409:59VOLEX - double your money and take it away1,297
14/11/201310:36Volex : plugged for continuing improvement in 2011 ?791

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Volex (VLX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-14 17:29:49350.962,99810,521.90O
2021-06-14 16:39:23352.208342,937.32O
2021-06-14 16:37:15349.998,04028,139.44O
2021-06-14 16:34:59353.493601,272.57O
2021-06-14 16:23:16350.002,3558,242.50O
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Volex (VLX) Top Chat Posts

Volex Daily Update: Volex Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker VLX. The last closing price for Volex was 351p.
Volex Plc has a 4 week average price of 310.50p and a 12 week average price of 310.50p.
The 1 year high share price is 391.50p while the 1 year low share price is currently 126.50p.
There are currently 152,250,802 shares in issue and the average daily traded volume is 238,250 shares. The market capitalisation of Volex Plc is £532,877,807.
neilunderwood: Hmmmm....wouldnt hold your breath. Renishaw is in at #100 according to the London Stock Exchange at 3,916 M Volex with 157,000,000 shares, by my abacus, we need a share price of £24.94, some way to go.
ijamlon: Let's hope the results aren't too good, the share price never recovered from the last set of excellent numbers!
disneydonald: Problem may well be that just after acquiring the Turkish business, the Lira tanked to its lowest, and copper rose to its highest. We won't get to see details re the inherited hedging positions until formal results (bearing in mind half year results are unaudited), so I guess there is an element of safety first for those funds and large investors who have made substantial gains over last year or so. As long as no surprises are revealed, then I guess VLX should continue its rise once clarity re hedged positions is known. Of course, it's not just the Turkish businesses copper hedging, but that of the wider VLX group as well. Although one VLX has negotiated hedging fairly well prior to the acquisition.
red ninja: Latest comment from Downing Strategic Micro I.T. Volex PLC (Volex) (15.17% of net assets) Cost: £1.61m. Value as at 28 February 2021, £6.45m Background Volex manufactures complex cable assemblies and power cords through a global manufacturing base for a wide variety of industries. Following a turnaround and portfolio repositioning, the business has shifted away from lower margin, commodity products and has been growing sales in high structural growth sectors such as electric vehicles and data centres. Update to the investment case Robust performance and resilient business model Significant opportunity for share price appreciation Shares trading at a discount to sector peers Acquisition of DEKA creates European platform Progress against investment case 2020 was an inflection year for Volex and it enjoyed significant multiple expansion, aided by strong trading. We still believe that Volex is a great business and it warrants a high weighting in DSM, despite the markedly higher multiple than that which we paid at our initial investment. The business is now generating significant cash flows and has a hopper of potential acquisitions on which to deploy that capital. Alongside the significant growth in the consumer electronics space which we expect to continue for some time, and the structural tailwinds in the data, electric vehicle and healthcare markets, we think that the business has ample potential to continue compounding at a reasonable rate. Https://
whittler100: I added further this morning: that was an excellent trading update and certainly a company doing well in the right place at the right time. I suspect with VLX it’s some of the hair-trigger happy RNS types shooting at the sell button & quite possibly hitting their foot. VLX has increased fourfold since I purchased and as ever, I am never afraid of adding to quality as the growth of the company and share price appreciates. On the other hand, after such a good price appreciation these past 12 months I can understand some investors taking a profit.
its the oxman: Encouraging update from Downing Strategic micro cap fund. Investor letter dated 19th Feb. Also posted on other thread I see. Continues to beat expectations. We see further upside potential through bolt ons.VOLEX remains the largest equity position in DSM. 2020 really was an inflection year for the business and it enjoyed significant multiple expansion. In our most recent investor marketing calls we have been asked about the investment case for Volex given the share price increase and whether we can justifiably continue to hold.We think there is still a significant runway for the Volex share price. At the time of writing, the shares are still trading on around a 20% discount to sector peers. We think is unwarranted due to the quality and growth characteristics which we set out in the February 2020 letter – higher growth; better cash conversion; higher margins and higher returns on capital than most of its peers. In the last letter we set out a pathway to $65 million of operating profit by FY2024, and we now think that this could be achieved earlier. Consider operating profit of $20.9 million in the most recent financial half year. Also consider Volex's exposure to electric vehicles (EV) and the growing run?rate here, along with other structurally growing areas such as data centres, and the positive read across from other Volex peers and/ or target sectors, particularly in consumer electronics. Combined with Volex's most recent acquisition, DEKA, which should generate at least a full year EBITDA contribution of €8.9 million and where we think there is upside risk here too given management's comments around further capacity investment in the business. Over a longer period we think DEKA could be a $10 million operating profit business, with strong growth drivers given its market leading position as the most cost competitive operator in the power cord market. This latter point we find compelling for the wider Volex group, with the opportunity to transfer this knowledge into Volex's Asian business, which would allow more competitive tendering in markets which Volex doesn't currently serve.These earnings tailwinds may be tempered by some increasing FX headwinds and copper price inflation, DEKA also hasn't completed in January as expected, but this is a timing issue rather than anything fundamental. Longer term there remains a significant growth runway for the business, both organically through structurally growing areas such as EV, data centres, and medical. But also, through acquisitions. We think that $65 million of operating profit can translate down to around $50 million of normalised free cash flow, or $40 million after dividends. Assuming acquisitions going forwards are more expensive at 8x operating profit, there is a pathway for Volex to double its $65 million operating profit target over the next 10 years, drawing down on the new $100 million facility could accelerate this realisation. Well executed roll?up stories with top quartile fundamentals and ample opportunity for capital deployment can trade at up to double Volex's rating, so the potential here is still high and unrealised, in our opinion
bigbigdave: NS Number : 4670P Volex PLC 17 February 2021 17 February 2021 Volex plc ("Volex" or the "Company") Completion of DE-KA Acquisition Volex plc (AIM:VLX), the global supplier of integrated manufacturing services and power products, confirms that, further to the announcement of the proposed acquisition of De-Ka Elektroteknik Sanayi ve Ticaret Anonim irketi ("DE-KA") made on 12 November 2020 (the "Acquisition"), the Acquisition has been fully approved by the Turkish Competition Authority and 3,320,000 Ordinary Shares of 25 pence each in Volex (the "Consideration Shares") have been conditionally allotted to the sellers to satisfy the share element of the consideration payable pursuant to the Acquisition. Completion of the Acquisition ("Completion") shall take place automatically immediately following admission of the Consideration Shares to trading on AIM, which is expected to take place on or around 8.00am on 18 February 2021. The cash consideration payable in respect of the Acquisition comprises an initial cash consideration of EUR37.0 million, a deferred cash consideration of EUR2.0 million payable in January 2022 and a deferred contingent cash consideration of up to EUR13.0 million, which may be payable within two years of Completion based on certain profit targets of DE-KA being met. An additional EUR9.8 million is to be satisfied by the issue of the Consideration Shares to the sellers on Completion. The value of the Consideration Shares is based on Volex's share price of GBP2.63 on the date that the sale and purchase agreement was signed. The Consideration Shares are subject to a six-month lock-up. In addition, Volex is pleased to confirm that Servatron, Inc ("Servatron") has achieved certain operating profit targets for the year ended 31 December 2020 set under the acquisition agreement entered into on 30 July 2019. The second tranche of deferred consideration shares are now due to the former owners, and current employees, of Servatron, comprising 1,481,239 Ordinary Shares of 25 pence each in Volex (the "Servatron Deferred Consideration Shares"). The Volex Board has therefore approved the issue of the Servatron Deferred Consideration Shares. Application has been made to the London Stock Exchange for the admission of the 3,320,000 Consideration Shares in respect of DE-KA and 1,481,239 Servatron Deferred Consideration Shares in respect of Servatron to trading on AIM ("Admission"). Admission of the Consideration Shares and Servatron Deferred Consideration Shares is expected to take place on or around 8.00am on 18 February 2021. The Company's total issued share capital following Admission will consist of 157,052,041 ordinary shares of 25 pence each with one voting right per share. The Company holds no ordinary shares in treasury. Therefore, following Admission, this figure of 157,052,041 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company. Nat Rothschild, Executive Chairman of Volex, commented: "DE-KA is a world-class business, and one of the two leading power cord producers in Europe. This, combined with its strong management team and impressive customer list, means it is a perfect fit with our existing business and accelerates our strategy of creating the most efficient and lowest cost global producer in the industry, providing an immediate and scalable European platform. I am delighted for our shareholders that we are completing the acquisition and look forward to working alongside the DE-KA team on the next exciting stage of Volex's development."
someuwin: Small Company Sharewatch @SCSWSharewatch ·34m #VLX keeping a close eye on this, share price 'simmering' at all time highs. Recently new broker Stifel appointed. 3 key 'props' to its 410p target : Data centre revenues + 57% y/y in 1H21 ; EV revenues surged 78% and of course 3 deals being worked on
owenski: Shares get tipped. Market Maker's mark them up. Numpty's - who can't work anything out for themselves, and thus lack any conviction - arrive. A week later the share price hasn't doubled. Numpty's get bored and sell. Share price moves down on lower volumes. Proper investors still remain.
mfhmfh: half year profit was £20m. VLX should achieve full year profit of £40m (probably more). half year revenue was £200m, so £400m of full year revenue is a fair estimate (probably more). current market cap is £344m which is below current full year revenue. if VLX is valued at 10x profits then share price would be 263p - this is based on full year revenues of £40m but I wouldn't be surprised if revenue/profits accelerate in the 2nd half. if VLX is valued at 15x profits as it's a growing company then share price would be 394p. All IMHO.
Volex share price data is direct from the London Stock Exchange
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