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Tesla is increasing output from new manufacturing plants in Berlin and Texas. This should benefit Volex .The possibility that Elon Musk should take a minority interest, however small, in Volex would also be beneficial.
Personally hope the sp keeps dropping till the next isa year . Adding as I cannot see to many headwinds for the future. Plus, and this is important, profit.
2 massive trades after hours?? One for £2m.
https://www.independent.co.uk/climate-change/news/electric-car-charge-points-b2043945.html
Good bit about the ev chargers in the papers . Which will be very good for Volex as they make ev cables as most of you probably know. :-).
It is slowly creeping up ! (And long may it continue ! )
Congrats to anyone that bought over the last month.
Is it time to get a ticket for the return journey on the Volexpress stopping at £3 & £4 en route ….
Your very welcome Didi. Medium to long term I strongly believe they will do very well.
Latest tweet by NR…..”not withstanding the huge challenges ..Covid/Ukraine. The future ahead of us is tremendously exciting!” Looks promising for LTH’s
Seaking 1 - thank you for your input, insight and valuable information. I did some research before buying the shares and was, still am, confident in the direction that the company is going and what it is trying to achieve. When I saw your post I was delighted to see that you like the company too and was interested in your reasons. Thank you for replying.
ATB
Didi
Nice commitment from the Malloy’s! Should give any doubters confidence for a nice rise once the uncertainty caused by mad Putin is over.
I sold some tranches in mid/low 300's recently on the way down but have now started to rebuild my position. I don't take a great deal of notice of broker SP targets, with the exception of when their average target price starts to show an increasingly large deviation from the actuall, eg current VLX avg target is £4.90, SP now 260p, It can flag an opportunity. Recent acquisition looks positive too..
Forgot to add quite low shares in issue.
I will eat my hat if lloyds sp doesn’t rise by 5% by Friday .just looking at my crystal ball. :-).
Hi Didi,
The reason that I like volex is that they have good fundamentals and made some decent acquisitions that strategically fit very well with their business and cover a wide area of industries ie EV which will just get bigger also defence plus quit a few others . They I think made a very wise move in setting up production in Indonesia as well ,a country that has a very large population and will become quit important to growth in Asia . Also the move into the USA will help with forward momentum. The sp has been shorted a bit early on and has also obviously felt the impact of the general market fall which was expected but has been effected by the war. All in all I think it is an excellent buy for future growth. Also it’s run buy the heir of the Rothschild family fortune.
Seaking 1 - why do you like Volex? I hold some Volex shares which I purchased just before their last results. The results were good and since then they have acquired a company which I understand will complement their business but still the SP keep going south. Any ideas - what are your thoughts?
Thank you.
ATB
I really wish I had some shares in profit to sell and add to volex . Unfortunately at the moment I have a sea of red.
You have more shares than a director. So your name might come up on Morningstar .
The shorters are closing, Directors continue to buy (zero sellers). EV, cloud and military continue to be in serious growth phases. The war chest is ready at very low borrowing costs. The cable charts are very positive, April is not far away. Per brokers 550p recommendations the return to 480p plus will arrive this year. Very well run company, watch this space.
The shorters have got till mid April I think before they get burned so will be forced to start buying pre mid April. I hope Volex do a non standard earlier trading update which would set the shorters packing a potential loss. EV, Cloud & military markets are doing what??? I rest my case. Got 390,000 shares currently and run out of money to buy more. GLA
Return on equity is 25%. What on earth are you talking about.
still richly valued rel to lt roe and also tnw
dyor, all
tp 1.50
Quite a dramatic drop from the highs a few months ago. The main institutional holders eg Ruffer and others are still holding . No RNS’s to indicate otherwise.
Expecting a trading update in a couple of weeks.
You are uncannily perceptive. In anything like a normalization of the market will be c. 500p by Christmas. The shorters only need a small drop to make money and AIM has fallen 35% and Volex doesn’t pander to such shenanigans- No desperation just a quite solid well run business growing organically and by smart immediately earnings enhancing acquisitions. The shorters will likely head for the hills before the next trading update. On the flip side - What a fantastic opportunity to buy a quality share at nearly half price. Broker ratings are what 510p to 550p a while back now.
Good find Lsoc .thanks for sharing the info.
Assume it is related to where the share price is expected to be in the short term. Odds are they are probably right. But unlike private investors They can be happy with a 5% return.
Once supply side issues in the wider sector are sorted and Ukraine is sorted … we will be onto a winner ! The future is electric vehicles and the owner has plenty of skin in the game .. always a good sign ! .. (Just my view though and what I tell myself to resist hitting Sell !) ..
Give it three months and they will close out their positions . They will then be buying more shares to ride the wave upwards …when that one comes !