Volex Share Discussion Threads

[buywell3] 29/7/2019 12:35

65p because the chart has it as a support is why

Markt well up today and this lags or drops

All is not IMO well here

[igoe104] 29/7/2019 12:07

Looks like these are suffering with a big seller in the back-ground, it creates a worry and then a dominoes affect amongst investors.

[davr0s] 27/7/2019 17:20

US making ATHs and UK making multi month highs is not a weak market. But markets can and will go anywhere

[davr0s] 27/7/2019 17:19

Anyone forecasting share prices is just guessing

[igoe104] 27/7/2019 11:58

Buywell, any constructive comment why its going down to 65p or are you just picking numbers out of the sky ?

[buywell2] 26/7/2019 15:17

This has been IMO pushed to where it is now

Market weakness and no push

IMO 65p is coming by this xmas

dyor

[my retirement fund] 26/7/2019 13:45

Buy orders placed at 60 pence

[acefromspace] 26/7/2019 12:08

Just need to be patient on this one. Numbers don't lie. Market will wake up to this at some point.

[bbluesky] 24/7/2019 21:35

Open your eyes mate, that looks like a yo-yo to me: down up, down up,down up, down up and of course hopefully down up.

RNS excellent news and I continue to believe that this is one of the most unloved super solid stocks in the market with multi bagging upside. Divi to come, these guys and gals are on a roll.

[davr0s] 24/7/2019 18:49

Guessing where price on a share is going is a fools game. Might as well use a random number generator

[imastu pidgitaswell] 24/7/2019 16:02

Possible. Right on the trendline though.

New bank facility on better terms might swing it back up - it shouldn't, more likely to be influenced by the pending AGM statement (30th July).


free stock charts from uk.advfn.com

[brucie5] 24/7/2019 15:45

It's an updowner. Wait for the downs. I see 80p.

[ygor705] 20/7/2019 14:05

I opened a position here after the latest results and am slightly surprised that there has been no real follow through since that time. Considering that the company almost doubled its share capital from the time of the 2017 figures eps performance in 2018 was excellent. The pe here is modest and operations are in a sector that tends to attract a premium rating to the market norm. Agree with an earlier post suggesting that the market might not have woken up to the potential here.

[bbluesky] 09/7/2019 18:32

Dead right or maybe they fancy another Rolex at the expense of Volex? Opportunity imv for any cash rich investor. Very cheap, lots of insider buying (directors, pension fund or the like), good short, medium and long term story, divi coming and when it moves it motors.

[death by donut] 09/7/2019 15:33

Bored/greedy MMs making some beer money for their hols?

[molatovkid] 09/7/2019 09:30

I don't understand what this is doing at these levels....the last figures were pretty good.

[imastu pidgitaswell] 08/7/2019 13:09

330,000 and 380,000 trades gone through, made on Friday? How does that work?

[zipstuck] 05/7/2019 08:57

Will also help improve margins and this business is in a stated area of expected growth.

[zipstuck] 27/6/2019 16:42

Hmmm This looks like a move to protect supply. They've bought technology which they can use in other locations. May not be immediately earning enhancing but they CYA in terms of further trade war impacts.

[edpick] 26/6/2019 18:17

Why no figures for Ta Hsing included in the RNS? Makes me wonder whether it's a good deal...

[mr doughnut1] 26/6/2019 17:34

Appears to be a sensible piece of backward vertical integration funded by cash. The market really got excited by this one

[cheshire man] 26/6/2019 15:10

Volex PLC Acquisition of Ta Hsing Industries Ltd

RNS Number : 5218D


Volex PLC
26 June 2019
26 June 2019
Volex plc
("Volex" or the "Company")
Acquisition of Ta Hsing
"A milestone in Volex Power Division's journey towards Vertical Integration"
Volex, the global provider of cable assemblies and power cords, is pleased to announce it has signed an agreement for the acquisition of 100 per cent of the share capital of Ta Hsing Industries Limited ("Ta Hsing") for cash consideration of up to $5.5 million.
Headquartered in Hong Kong, Ta Hsing currently supplies power cables to Volex and other customers from its main manufacturing site in Shenzhen, in the People's Republic of China, where Volex also maintains a factory.
Background to the Acquisition
Volex's strategy is to maintain and build on its position as a global leader in the power and cable assembly sectors, and to be a stable, long-term and trusted partner to its customers. As a result, the Company is constantly looking for opportunities to develop efficiencies in its production processes and supply chains. Vertical integration is a key component of this strategy. Ta Hsing has been a long-time supplier of cables to Volex and is based close to one of our main global power-cord manufacturing sites.
Anticipated Benefits from the Acquisition:
-- Vertical integration of Volex's power business in China and consequential improvement in operational and manufacturing efficiencies
-- Ability to bring in-house the design and manufacture of power cables
-- In-house production of PVC resin, a critical component of power cord production
-- The incorporation into our business of a skilled local workforce and management team
-- The opportunity for further expansion of in-house cable extrusion capacity in other production locations
Commenting on the acquisition, Girish Gopinath, CFO of Volex's Power Cord division, said:
"The acquisition marks an important step in our development from an assembler of power products reliant on third parties for critical components to a more vertically integrated and efficient producer. In addition, it will help us bridge gaps in capabilities, services and footprint. Initially, the Shenzhen facility will serve as our extrusion centre and bring significant innovation and development capability, but the acquisition also brings on board expertise that could, in the longer term, allow us to add additional extrusion capabilities at other sites where we operate, all to the benefit of our customers."
Enquiries
For further information please contact:
Volex plc [phone]
Nat Rothschild, Executive Chairman
Daren Morris, Chief Financial Officer and Company Secretary
N+1 Singer - Nominated Adviser & Joint Broker [phone]
Shaun Dobson
Justin McKeegan
Whitman Howard - Joint Broker [phone]
Hugh Rich
Nick Lovering
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.
END
ACQMMGZVMVDGLZM
(END) Dow Jones Newswires
June 26, 2019 07:16 ET (11:16 GMT)

1 Year Volex Chart

1 Month Volex Chart

[sabzahmed] 25/6/2019 10:20

Why the drop yesterday and today?

[acefromspace] 14/6/2019 15:04

Agree. Got plenty in my sipp with time on my hands ?