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Share Name Share Symbol Market Type Share ISIN Share Description
Volex Group LSE:VLX London Ordinary Share GB0009390070 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00p -1.08% 91.20p 8 08:59:55
Bid Price Offer Price High Price Low Price Open Price
91.20p 93.80p 91.20p 91.20p 91.20p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 229.75 4.99 3.14 26.7 131.3

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Date Time Title Posts
16/1/201916:44Volex 2013 : Plug in for recovery ?2,910
05/10/201715:34It's flying!2
18/7/201408:59VOLEX - double your money and take it away1,297
14/11/201310:36Volex : plugged for continuing improvement in 2011 ?791
17/2/201101:08VOLEX in 2010 : electronics recovery opportunity928

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Volex Group (VLX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-22 15:42:1292.885,2004,829.76O
2019-01-22 15:25:4192.215,0004,610.70O
2019-01-22 14:34:4392.885,0004,644.00O
2019-01-22 10:47:1393.005,3694,993.17O
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Volex Group (VLX) Top Chat Posts

Volex Group Daily Update: Volex Group is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker VLX. The last closing price for Volex Group was 92.20p.
Volex Group has a 4 week average price of 86.20p and a 12 week average price of 76.60p.
The 1 year high share price is 93.80p while the 1 year low share price is currently 63p.
There are currently 143,948,557 shares in issue and the average daily traded volume is 140,521 shares. The market capitalisation of Volex Group is £131,281,083.98.
robow: Telegraph Questor - 2 shares for Inheritance Tax portfolio od AIM shares Volex Volex makes power cords and cable assemblies for use in electronics and electrical devices. The business goes back 120 years and this perhaps accounts for some of its past problems: it operated in commodity-type markets at a time when low-cost competition from automated Chinese rivals put profit margins under pressure. Management and strategic changes were tried but all “failed to capitalise on the firm’s competitive strengths”, said Nick Hawthorn of Downing, whose firm holds Volex in its IHT portfolio. “Investors lost heart and its market value fell significantly,”; he added. New managers are now in place. “Where previous teams invested in chasing low-quality revenue and earnings growth, the new one focuses on operational and supply chain excellence and profitable growth,” Hawthorn said. Volex now plays to its strengths in areas such as cable assemblies for use in data centres and healthcare, where the work is labour intensive and quality is critical. “It is focusing on the opportunities against which Chinese automation can compete least effectively,” the fund manager added. He also pointed to the alignment of interests between the new managers and investors: the former own more than 25pc of the equity – shares they have paid for, not acquired via options. Hawthorn said Volex had market-leading attributes in global sourcing and production, significant investment in capital assets, a skilled and global workforce, blue-chip customers and a long-standing reputation for quality. “We believe these qualities create an economic ‘moat’ and a position of strength in the highly fragmented industry in which it operates,” he said. The shares trade at about 10 times forecast earnings – low for a stock whose organic growth is expected to be about 10pc a year. “We think Volex has now turned a corner, posting its first statutory profit since 2012,” Hawthorn said. “The turnaround has been well executed and there are great opportunities to profitably grow the business. This has yet to be reflected in the share price. We think Volex is one of the most attractive opportunities at the smaller end of the Aim market.” Questor says: buy Ticker: VLX Share price at close: 82.6p
puffintickler: Placings without an offer to existing shareholders are always bad news with only one exception. If the placing price is close to or above the share price it is positive news. There is no point in offering shares to existing shareholders if the gain for them is small, the extra cost is just not worthwhile. So, I am more than happy with the placing which will underpin the current 75p recovered price. Let's hope the acquisition is a good one.
imastu pidgitaswell: Had forgotten about 200 day moving averages 'n all that stuff... Yes, 90 is a clear resistance (previous support in 2013) on that chart. Re PE ratio, important to note earnings are reported in Dollars, share price is in Sterling. Probably helpful, but Dollar not as strong as Euro against Sterling. But it's all about future earnings, and whether they will be achieved. Have to say the more I see and hear about the direction of travel regarding electric cars and the important element of government legislation (sensible or not, it is what is it...) around the world, the more attractive investing in a quality cable maker becomes.
imastu pidgitaswell: Results out next week. I'm not expecting much of the good vibes (electric vehicles, trade deals, overall streamlining etc) to manifest in hard numbers - yet, but the share price continues to head upwards in anticipation. Just hope it's not getting ahead of itself, but we'll see soon enough. Two year chart looks very nice, and recent trades have been on the buying side, for a few days now (but someone holding the price at 74). Large investor (Ruffer) also adding, up to 19%. All good for now.
she-ra: Duncan Doughnut - To prop up the share price. In any case directors always make sure they do well out of deeply discounted placing and by buying quite a lot they will be able to subscribe to a lot more on the cheap.
she-ra: Quite conservative for Liberium. They usually set a target price 200%+ than a current share price and then those in the know about them just laugh.
she-ra: pictureframe - Or you could ignore the Fool like most competent investors do and realise that China is slowing down very quickly and that smartphone growth is almost stagnant. And you might also consider that this is only the beginning of the slowdown. Who knows how bad it could all get. And Volex stockpiling inventory for expected new product launches could actually be very damaging to the share price if management expectations aren't achieved.
pictureframe: Taken from Motley Fool - sums up salient points. Volex (LSE: VLX), the maker of a multitude of cabling and interconnect products, was something of a late September dog when a profit warning caused the share price to tumble, contributing to a 47% fall from July’s peak to today’s 44.5p. But we had a management restructuring in December, and the City bods are predicting a more-than-doubling in EPS for the year to March 2016, which would give us a P/E of only around 11 — and a further 50% EPS rise penciled in for 2017 would drop that as low as 7.5, which looks super cheap to me, despite the absence of dividends. In these bearish times people are usually looking for safety, but we mustn’t forget that there are still smaller cap growth opportunities out there, and Volex looks like a promising candidate to me.
rathkum: Director shareholding was an example of the worst type of Director buy - it's small (only £6,650), and comes shortly after bad news (a profit warning). Brokers & PR people need to stop advising Directors to buy a few shares after a profit warning - it doesn't give investors confidence, quite the opposite actually - it just looks like a feeble attempt to manipulate the share price! Whilst the profit warning doesn't sound too bad, with the CEO having gone, I expect there will be another kitchen-sink process, and yet more restructuring costs. Maybe another fundraising might be needed too? Stay clear until sub 50p
imastu pidgitaswell: Re this fictional supplier, my point is that they would already have these structures in place; while there may be a volume-based increase (e.g. HR) in those costs for an acquirer, it would largely be spreading that support infrastructure over the VLX operations - the substantial duplication could and should be eliminated. That's how acquisitions work - fundamentally similar operations, with economies of scale and eliminating back-office duplication. On the earnings multiples points - all valid and have made the same points myself further up the thread. Current (or last year's) earnings in no way justify the current share price, future cash flow and profitability is key. Forward earnings are difficult to predict, external analyst input is quite poor frankly, and the most useful information is usually from the management presentations - but this is obviously biased. It will be 2016/17 results (not available before mid 2017, 2 years away) before the real underlying profitability is visible. Truth be told, I think there are better shares to be long on, but I also think there are better shares to be short on.
Volex Group share price data is direct from the London Stock Exchange
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