Volex Share Discussion Threads

[mfhmfh] 15/11/2019 12:05

£839k spent on that 700k purchase

[podgyted] 15/11/2019 11:50

Another 700K - someone is building.

[mfhmfh] 15/11/2019 11:19

someone confident enough to spend 356k.

[molatovkid] 15/11/2019 10:31

300k buy popped up by the looks of things

[3rd eye] 15/11/2019 08:28

As per above.........

Volex interim profits surge 70%

Abraham Darwyne
Company News - 2 mins
14:11, 14th November 2019


Volex (VLX)

shares jumped after it announced the reintroduction of its dividend off the back of strong trading performance during the half year.

Volex reintroduced dividends for the first time since 2013, starting with an interim dividend of 1p per share to be paid to shareholders on the register at 10 January 2020.

The company known for its power cords business, said the dividend was made possible “due to the significant re-positioning seen across our business during that period”.

Interim results saw its revenues increase 7.3% to $195.7 million, but its underlying profit before tax rise 70% to $15.3 million.

Shares in Volex increased 6.48% to 115p during Thursday afternoon trading



Nat Rothschild, Executive Chairman, said: “For the first time, the higher-margin Complex Assemblies business made up the majority of our revenue in the first half of FY2020, in accordance with our strategy of repositioning Volex towards higher-margin value-added business.”

The company acquired Servatron, a US-based manufacturer which allowed it to offer more complex integrated manufacturing solutions to its customers.

Mr. Rothschild added: “We are well known as a high-volume manufacturer of power cords but it is our Complex Assemblies business that now leads the way in terms of profit generation.”

Volex said it was confident it would meet its full-year expectations.

[3rd eye] 15/11/2019 08:25

hxxps://www.voxmarkets.co.uk/articles/volex-interim-profits-surge-70--85ac9ae/

[3rd eye] 14/11/2019 14:58

9.30am: Never mind the Volex, here's the dividend

Power cords and cables company Volex PLC (LON:VLX) was up 4.6% at 113p in early deals after half-year profits doubled.

While revenue in the 26 weeks to 29 September rose just 7.3% to US$195.7mln from US$182.4mln, statutory profit before tax soared to US$9.7mln from US$4.9mln, paving the way for the reintroduction of dividend payments.

"I am delighted to announce that Volex PLC will recommence the payment of a dividend, starting with an interim dividend of one pence per share. This is the first dividend we have paid since 2013 and it has been made possible due to the significant re-positioning seen across our business during that period,” said Nat Rothschild, the executive chairman of Volex.

[mfhmfh] 14/11/2019 13:18

I'm happy with 160p - for starters. This is a great long-term hold IMHO.

[3rd eye] 14/11/2019 12:04

Broker Whitman Howard retain a Buy recommendation and add a 160p PT.

[puffintickler] 14/11/2019 11:23

Excellent results.

Originally bought at 80p in 2014.

Early performance poor but bought more at 59 then 52 in 2015 as it looked a solid business. It took a while but very happy now, one of my better performers. Hopefully more to come.

[ygor705] 14/11/2019 08:15

First price quoted for me to buy this morning was 124p but eventually added at 110 p. The prospective PE here is probably less than 10 but the market has really not woken up to the potential here and at current levels the share price is still registering around 70 on the relative strength index. Will buy more if we get a negative reaction.

[davr0s] 14/11/2019 07:53

It's only just broken out so it's not really overbought. This is exactly the area where shares can start to trend from. Not making any short term prediction as price will go where it wants

[ygor705] 14/11/2019 07:48

Explosively good results from a share that is already overbought on the charts. The payment of a dividend should also open the demand sluice gates. Some kind of squeeze on the share price looks inevitable with volatity perhaps being the order of the day.

[robow] 14/11/2019 07:47

Fantastic results. Great turnaround

[igoe104] 14/11/2019 07:37

Yes excellent, Margins up 50% and PBT up 70% absolutely amazing.

[molatovkid] 14/11/2019 07:07

Fine fine results! Now we know why they have been going up!Should be great day from here on!

[red ninja] 13/11/2019 21:29

Downing vct reckon 3 cents not pence as maiden distribution

[reddevils1] 13/11/2019 16:51

They have flagged 3p for the full year - so 1p interim / 2p final?

[deanowls] 13/11/2019 16:39

Any ideas on the value of the dividend?

[mfhmfh] 13/11/2019 16:32

let's see what tomorrow brings

[acefromspace] 13/11/2019 15:53

Nicely tucked away in my Sipp. Good to see some firm buying and breakout. Long way to go.

[cgequityinvest] 12/11/2019 23:34

Daily turnover has certainly increased over the past two weeks after being moribund. The presentation they made last week is available and makes for good reading - highlighting the modest p/e and management success in turning this from a commodity supplier into a value added business that has more of a moat and can drive higher margins.Hopefully the forthcoming dividend will also attract new shareholders for whom a divvi is a prerequisite.Still below the radar although I note that Glasshalffull the Twitter investor has been building a stake.

[bbluesky] 12/11/2019 20:06

Still cheap as chips (with divi to come). In a lot of interesting areas - a big supplier of the innards of car charging points is just one and a potential beneficiary of Merkels "1m car charging pointsin Germany by 2030". Been treated as a power plant supplier with thin margins and hence low pe (historic), when it is New Wave. IMV long, long way to go. V smart strategy, which has been paying off for a while. In Downing's words "there are numerous positive catalysts for the share price over the short term." I would add medium and long term to that. They are already a significant global player, but recognition on AIM can take a while!

[spooky] 12/11/2019 19:58

I have been a bit gobsmacked that it has stayed under the radar for so long. Its a fairly compelling story and they have looked blindingly cheap for a while. The absence of posts here is enlightening too.