Volex Share Discussion Threads

[siggs44] 23/11/2023 16:38

A good day

[ijamlon] 23/11/2023 13:01

I wonder if Downing had decided to use the expected higher volumes of results day to dump some shares from their winding-up fund this morning?

[johndoe23] 23/11/2023 11:51

Looks like well received

[siggs44] 23/11/2023 11:44

The analysts have had their meeting now with Volex so hopefully upwards from here.

[essential] 23/11/2023 09:14

Topped up. 200dma is 275p so looking for support around this level

[blondviking] 23/11/2023 09:10

Just bought some more. Must be a buy at this price but we will see

[dr biotech] 23/11/2023 08:49

FY expectations (from the previous update)

The Company has compiled forecasts from four analysts with current market forecasts for the 52 weeks ending 31 March 2024 for revenue to be in the range of $849.8 million to $891.0 million, with a consensus of $864.6 million, and for underlying operating profit to be in the range of $82.3 million to $87.0 million, with a consensus of $84.3 million.

Not sure why its dropped so much - expecting a beat I guess.

[valhamos] 23/11/2023 08:37

Only one month's trading for Murat Ticaret in these results so a lot more to come in H2.

[mfhmfh] 23/11/2023 08:34

Acquisition was only completed on 1st September. So not much contribution yet.

[igoe104] 23/11/2023 08:27

Good to see the substantial growth in data centers. Over the next 5 years 3000 data centers are forecasted to be built globally, they are going to need alot of cables. Definitely a long-term hold and add for me..

[little beaker] 23/11/2023 08:17

Light on growth when you factor in the acquisition.

[iandippie] 23/11/2023 08:12

Full year earnings for FY24 are expected to rise over 25% according to Stockopedia, but H1 earnings are only up a fraction? Looks like there is a lot to do in H2 to meet expectations.

[basem1] 23/11/2023 08:09

Sell on news You need outstanding to rise on results day Will be back up next week

[blondviking] 23/11/2023 08:07

Good update,so why the drop?

[johndoe23] 23/11/2023 08:07

Yep all too predictable unfortunately

[petes5] 23/11/2023 07:39

Looks nice and steady so expect the usual drop.

[valhamos] 23/11/2023 07:34

Volex benefiting from the diversity of their different customer sectors, with medical and complex industrial having their moment in the sun compared with the EV sector which I see as a temporary pause.

[siggs44] 23/11/2023 07:06

Great update. Everything going well and an increase in the dividend. Very pleased.

[ijamlon] 22/11/2023 17:08

They've been very quiet - let's see what tomorrow brings. Have a good feeling

[dougmachin] 22/11/2023 13:21

Ah... yep, thought it might not be correct as releasing interim results tomorrow!

Sorry, posted anyway! Have edited my previous post.

[greyingsurfer] 22/11/2023 13:00

Hi dougmachin. Same info as I have, but where did you see it?

[greyingsurfer] 22/11/2023 12:59

I've just had a dividend notification from DividendMax claiming VLX is going ex tomorrow for the interim dividend, but giving no declaration date. I can't find any RNS that mentions it, or on the VLX website. And the amount looks wrong for the interim div, same div as the final. Anyone else seen it, or got any info?

I suspect it may be a mistake. Though they did go ex of the interim div around this time last year.

[dougmachin] 22/11/2023 12:55

Volex Plc have declared a new dividend:

Amount: 2.6p
Dividend Type: Interim
Ex-Dividend Date: Thursday November 23 2023
Pay Date: Friday December 15 2023

EDIT - MAYBE INCORRECT INFO FROM DIVIDEND MAX!!