Volex Group Live Discussion

rogerhorton 18 Nov 2019

Downing Micro cap House broker N+1 Singer is now looking for full-year earnings per share closer to $0.17 and considers its forecasts “conservatively framed”. That still suggests a comfortably sub 10x price/earnings multiple and the trading momentum and potential and imminent return to the dividend list see us up our limit buy price to 120p.

rogerhorton 14 Nov 2019

Volex Investor Video 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.

rogerhorton 14 Nov 2019

Volex Investor Video Exceptional results this morning.

jamesm 02 Apr 2019

Volex Investor Video Just finished this investor video for Volex. Hopefully useful:

skytrainbkk 07 Jun 2018

Downing Micro cap they're buying 0 to 7% see news.

casey5521 10 Nov 2017

RNS Seems a decent set of results, SP upLet's hope it continuesGLAKC

gretel 21 Jun 2017

Decided to sell Fantastic rise, so decided to sell. A 40% or so profit in less than 2 weeks isn't to be sniffed at ))Good luck all. There may be more to come, or the price may settle and drift down for a while. Anyway, it's still on my watchlist.

gretel 09 Jun 2017

Great close last night perhaps prompted by a large trade of 1.125m shares going through at 44.97p, which may just be the closing of an overhang.The late 100,000 buy at 46p in particular bodes well.

gretel 08 Jun 2017

Liberum raise target price to 70p Liberum summarise as follows today - incidentally, they forecast the cash pile increasing to $15.2m this year:Extracts:"Volex*Cash significantly above expectationFY results have surpassed estimates. Tight control of costs, capex and working capital has led to FY17 net cash of $11m, more than double our forecast. Recovery is ongoing. Revenue has stabilised. We upgrade our FY18 EBIT by 14% and net cash by 36%. As such, the stock is undervalued on a CY17 EV/EBIT of < 4x. Our assumptions are modest – management aim higher. TP raised to 70p ~ 67% upside." "FY17 cash is the highlight• Net cash $11m vs. $5m estimate• FCFE of $14m (2.3x Adj PAT)• Sales -13% to $320m (2% below)• Adj EBIT+27% to $9m (6% ahead)• Adj EPS +346% to 7c (28% ahead) due to lower tax" "TP increased to 70p from 55p• CY17 P/E of 7x• CY17 EV/EBIT of < 4x• FCF yield of 13%• SOTP-based TP of 70p, and reflects a CY17 EV/EBIT of 9x inline with UK small-cap companies with 2-5% margin."

les paul custom 08 Jun 2017

Re: Good results today - re-rating ahoy? Hello GretelIts encouraging.. at last.. and some very positive statements. Good buy this morning for you.. im looking to recover some of my losses here now.

gretel 08 Jun 2017

Good results today - re-rating ahoy? I bought some first thing today. Liberum have now raised their target price to 70p (from 55p).With 6.6c fully diluted EPS, rising to 7.5c this year and 8.4c next year, VLX are on a current year P/E of only just above 7. They also have $11m net cash against the £42m m/cap.This is a company being turned around positively, with $320m sales against a £42m m/cap. It's possible we might see quite a quick and large re-rating if all goes well.

leperky 06 Dec 2016

Continuing uptrend... The patient seems to have been partially resuscitated! Costs have been cut and new business opportunities sought. This recent mention of electric vehicle cables could prove interesting..' However, for significant improvements in divisional profitability, the Power division needs to improve utilisation in its factories. Volex is therefore seeking new end markets in which Volex's expert knowledge in the manufacture of high power distribution cables and its reputation for quality and safety are best recognised. In this regard, the first shipment of vehicle charging cables to a key manufacturer of electric cars, due in the second half of the year, represents an exciting development for Volex. With forecasts predicting electric vehicles could make up to 35% of global new car sales by 2040, and with each of these requiring a sizeable power cable, the opportunity for Volex is significant. '

losskop 15 Nov 2016

get out revenue down again and no good news here at all - time to leave, not sure why 6% uptick today

leperky 22 Jul 2016

Re: Mmm Umm indeed... Definitely a big change in the long term (down) trend here. Director and institutional recent buys....but turnover being revised down still. Would prob average down a bit but my personal allocation rules suggest not this time, despite the obvious signs of life....

LINTON5 13 Jul 2016

Mmm I like the look of this I read the chairmans thoughts on making VLX turn this downturn around and believe in him,so have bought in