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Yes, without a doubt, VLX SP will go higher in time, but also will go up and down just like all other good or bad shares. So, I am trading the spikes, and with some luck I am enjoying it.
Welcome aboard and good luck to you.π€π€π€
Yes it's a good share...but I've just been buying it...it was recommended years ago by Paul on Stockopedia as a share to buy and hold as it's a solid company...this was before it made lots of acquisitions and deals. It's a great picks and shovels share as electric cars become more commonplace and they all need cables.
Sold again @319.82. VLX is now my favourite trading share. Made Β£6 K of profit from 4 trades. Now I am waiting for my fifth entry. Have a great day everyone and good luck π€ π€ππ
This is quite a drop. I Just took the opportunity and topped up doubling my holding. Now, let see if it will bounce up before closing then. πππ
Remember Nat R. bought 60,000 shares at over Β£4 a couple of years ago, so even then he saw value, weβve moved up a few gears since so every chance youβll get your wish !
Yes, Β£4 will be good enough to start with. Hopefully it will go higher.πππ
Anyway, welcome aboard and good luck.
The last investor call I joined earlier in the year I thought was very promising. Seeing the sp back in this 320p zone, sooner or later itβs going to break higher I reckon, itβs been too boring of late and a race towards 400p is long overdue.
Bought half of my shares back @Β£3.14. How I wish I have bought them all back. The SP looks quite solid and probably will continue to climb.
Next stop 330, here we go, onwards and upwards!!
I have sold once again @318.15. let's see if it will fall back to Β£3.
Sorry, I meant 320, lol πππ
Would be great to see it climb its way back to over 420's again.
The situations in the Middle East is quite worrying. Let's hope that it will not affect the SP of VLX on Monday.
One of the few moving up today
.....but the SP is climbing again.
Way to go VLX. Keep going!!
I don't think anyone will take the fools seriously.
Https://www.fool.co.uk/2024/04/18/could-dirt-cheap-volex-be-one-of-the-best-uk-stocks-to-buy-today/
Lol! I remember from last year with the dip in the afternoon - got in @ 300p. GL all!
Bought my shares back @Β£3, thinking it probably will test 320 again after a short retreat. Hope that I haven't made a mistake.ππ
It has fallen back to below Β£3 now, typical VLX!! That's what have learnt from the past. So, I clicked the sell button without hesitation, knowing well that this would happen.
Berenberg says buy, but target price is only Β£4, the lowest from all brokers since Jan 2021.
Lol suppose it depend on what's your average price for the shares you're holding ;)
Six figures??π±π±you are brave!! Well, also you must be rich.πππ
Good luck to you then mate.
Good for you, although you may not get the pullback wanted but should that happen Iβll also be adding. Hold 6 figures.
Revenue is now expected to be at least $900 million, representing an increase of at least 25% over the prior year, including seven months contribution from the acquisition of Murat Ticaret, while underlying operating profit1 is also now anticipated to be slightly ahead of analyst expectations.
The Company has compiled forecasts from five analysts with current market forecasts for the 52 weeks ended 31 March 2024 for revenue to be in the range of $849.8 million to $873.0 million, with a consensus of $859.5 million, and for underlying operating profit to be in the range of $83.3 million to $84.6 million, with a consensus of $84.2 million.
Profit margin is up -
Operating profit margins improved in the second half of the year.
Growth is organic, as well as from acquisitions -
The second half of the year saw continuing increases in organic revenue
Outlook - sounds upbeat and confident -
The Group's presence in attractive markets and its well-invested global manufacturing base offer significant growth opportunities. Strategic investment initiatives continued throughout the year to support customer requirements and will continue during FY2025.
In response to increasing customer demand, the Group invested in the further expansion of its global manufacturing base, creating additional capacity to facilitate growth as part of the Group's five-year growth plans which target revenues of $1.2 billion by the end of FY2027.
We enter the new financial year with confidence and optimism thanks to the strong momentum generated in the current financial year, improving market conditions in the Electric Vehicles and Consumer Electricals sectors, as well as an abundance of opportunities in the new Off-Highway sector. Our continued, strategic investment initiatives will support increased customer demand as we continue to make strong progress towards the delivery of our five-year plan."
Cashflow/debt - sounds OK -
The cash generative nature of the business provides the Group with flexibility over internal growth investment and M&A activity. Cash flow was very strong in the second half of the year, with covenant leverage at the year end expected to be approximately 1.1x.
Paulβs opinion - remains positive. I think this update justifies a move back above 300p.
I could see this share re-rating decently in the next bull market, so I think investors should be handsomely rewarded if theyβre patient. It keeps putting out reassuring updates, despite tough market conditions in recent years. Overall - I think itβs cheap. (I've not looked at today's share price yet).
https://app.stockopedia.com/content/small-cap-value-report-thu-18-april-2024-ids-eman-nxr-vlx-song-995066?order=createdAt&sort=desc&mode=threaded
I think I have to thank better than expected full year results update. Hope that it will have a quick pull back to the 280's, which will give me a chance to buy my shares back before it climbs to another level.
Sorry, it does sound that I am a bit selfish, lol.πππ