Volex Share Discussion Threads

[owenski] 24/10/2023 07:43

Some verticals are slowing, although the update says this is more than offset by others. -

"demand has not been uniform across the Group's market sectors. The easing of pressure in supply chains and higher interest rates have caused some Electric Vehicles and Consumer Electricals customers to closely manage inventory levels. This has been more than offset by strong demand in Medical and Complex Industrial Technology supported by better availability of key components. There is evidence of de-stocking slowing in some channels, as order patterns are starting to normalise, particularly in Electric Vehicles."

[miti 1000] 24/10/2023 07:36

Not the best.

[mfhmfh] 24/10/2023 07:29

Also, improved margins overall for the group from Murat Tijaret

[johndoe23] 24/10/2023 07:15

No slow down or profit warning in sight, that's the main thing

[togglebrush] 24/10/2023 07:08

Extracts of Update

Revenues for the first half of the year were 4% higher than last year on an
organic, constant currency basis, against a strong comparative period.

$195 million acquisition of Murat Ticaret completed during the first half of the year. Integration activities are well underway and initial customer engagement has been very encouraging.

Costs for the recovery and remediation of Cyber systems are anticipated to be approximately $2 million, which will be reported as an exceptional item in the second half of the year.

Remains on track to deliver full-year results in line with market expectations. Delivered a robust performance during the first half of the year. Notice of results expects interim results on 23 November 2023.

[johndoe23] 24/10/2023 07:06

Good update

[peddlers] 23/10/2023 14:55

I've been stopped out.
Oh dear 🙄

[shaker45] 23/10/2023 14:23

Yep. Why would anyone buy when it looks as though it will be cheaper next week?

[ltinvest] 23/10/2023 14:17

Lots of stocks going down must. Feel like it's got to be redemptions from funds. Probably be buying a few more before earnings update mid November

[johndoe23] 20/10/2023 14:02

Too many sellers everywhere at the moment

[bigbigdave] 19/10/2023 07:28

TSLA missed forecasts last night

[johndoe23] 14/10/2023 16:35

Great find! Share price weak due to cyber attack news? Events in Middle East, or both?Personally think cyber news has meant oversold here. Always seems to be something causing a drag on share prices currently!

[ali47fish] 14/10/2023 09:52

good find ijamion

[ijamlon] 14/10/2023 08:46

Reminder from Nat that Volex is benefiting from explosive growth in AI and data centres (20%+ compound growth)..."Fascinating piece in today's @ft.com about the looming data centre capacity crunch. With demand outpacing supply, there is a growing demand that we at @Volex are playing a central role in helping to meet #VLX #datacentre #ai #technology"

[strollingmolby] 11/10/2023 15:23

Small piece on VLX in Amati's latest newsletter - states they've taken positions in their Smaller Companies Fund and their AIM IHT service:

[grabster] 10/10/2023 09:54

Togglebrush - I too wondered if the latest acquisition might be where the weakness is found to be. I guess Volex acquisition process involves some temporary blocking of integration to allow for such risks when takeovers and mergers occur. In a way, it would be good to find that this is where the weakness is found, rather than worrying about it having been in existing systems all along.

[togglebrush] 10/10/2023 09:27

ALGO traders (AT) have substantial numbers of the trading deals which may hinder the share price recovery. Yesterday in first two hours "Off Book trades were 180" and "AT trades were 132"

[togglebrush] 09/10/2023 15:26

Possible that "cyber attack" wae against weakness in the newly taken over company. Detail of which are only now available.

[peddlers] 09/10/2023 15:25

Buy order from several weeks ago filled this afternoon.

Good luck all

P

[johndoe23] 09/10/2023 13:57

Harsh drop, not helped by AIM crashing again

[igoe104] 09/10/2023 08:59

Cyber attacks have happened too alot bigger companies than VLX, at least its been dealt with quickly, and without alot of cost..

[aishah] 09/10/2023 08:56

Doesn't inspire confidence to learn that their IT systems weren't secure. Could have had a serious impact. I have sold.

[worldwidet] 09/10/2023 08:56

The upward GAP 320p is closed.

Is it time to plunge again?

[volsung] 09/10/2023 08:46

Hopefully be able to add at 280p