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Sell tomorrow and I will buy tomorrow. :-).
It could be either a bit of profit taking before results for those who don’t want to chance it or Tesla share price has taken a nose dive and Volex is linked to the EV market so could also be that. Or possibly a bit of both!
It is a slight worry,however I'm holding.
This is usually a solid rising share which I've held for a while now and very happy with it but 2 days before results day it seems to be slipping. Does any one have any notion why...are there any rumours that there's something nasty about to be revealed on Thursday?
I won't be selling but I'm wondering whether to topslice a bit of profit if it's looking iffy...shame to waste it.
Mid term is one to three years.
Let's not get carried away. Let's get to a fiver first.
Good fundamentals, low share issue, strong market more so as infrastructure starts up.
Snowball effect with ev chargers and moving into America. Also factories in Indonesia ( big population) which will counter competition from China. 700p mid term in my view.
Next results should be good although covid still bad in Indonesia.
Half year results 11 Nov for them that are interested .
Hi. Marna, Sorry don’t know anything about them.
Downing Strategic Micro Cap half year report comment :-
"In Volex Plc we made a net investment of £0.5 million during the period. This reflected our trading of this well-known holding, where we decided to increase our position when we believed that the market was not valuing it accurately. In aggregate, Volex generated realised gains of £0.94 million and unrealised gains of £1.31 million for the period (total gains of £2.25 million for the six months). We have unrealised gains of £6.16 million in total over our book cost, having already realised £7.23 million on the position, against a cost of £3.18 million."
HTtps://www.investegate.co.uk/downing-strategic-micro-cap-in--dsm-/gnw/dsm--half-yearly-financial-report/20211101070000H5442/
Hi Marna,I have been in rwi(shamks)for over 20years.it seems to be.making a great recovery. I can only see it rising
Hey Seaking
My tummy has been through hell since yesterday. Our usual crew including yourself are saving my sanity, thank you. My dad warned me it's not for light hearted. I called him yesterday and told him he was very right. The group is very informative and nice to others although yesterday few people popped out of nowhere! I think once we go back up (I hope) I will transfer more money to here. Do you know anything about Renewi please?
Softcat announced their financials today and it looked great to me, went down 7.5%. Don't hold there any more but I thought it was a good company.
Marna! Apologies slow Internet.
Hi Maria, good to see you here. Yes although there was a large pullback which was expected it’s still a good company to be in . Same here as well prospects and fundamentals look excellent and very sound management. I’m thinking of adding if there are any reasonable drops . Will be interesting to see what happens to the market in general after the budget. Stay well . :-).
Hope you enjoyed your bedtime glass of goodness my DT friend. Joined V yesterday, 50p later but hopefully not to late. Great news on the other board, re FTSE 100. :-)))
I assume the last drawback the other month was due to high covid rates in the Far East hopefully vaccines are being given out at a faster rate now. Still a excellent medium term hold. :-).
Time for my bedtime glass of wine.
Cannot see my 380 now that Nat has added. He now has a considerable amount invested in volex.
Excellent news.
Sorry folks I believe that is 30 days not 60 so announcement of Interims could be from 9 November not as previously stated.
Either way looking likely to rise towards £5 by that time.
I thought that the close period for director share transactions was from 60 days before an announcement of Interims or Annual results or in fact any announcement containing price sensitive information.
That would make the interim announcement not before 13 December?
In fact there was an update last year on 15th Oct, but cannot see an update in previous years.
Thus, it may be the interims will give us the next update in first 2 weeks of November, unless anyone know any better ?
Seems Nat smelled a bargain @ 418 !
Next trading update is close, I bought back some VLX shares yesterday to scalp a small profit.
Not exactly sure if the update will be October or November ?
As I have some volex shares that are down at the moment, rather than add I am going to wait for a market correction and see if I can buy <380. :-).
Very good fundamentals and still low share issue too boot. Excellent buy in my view.
Yet another accretive acquisition. I like that our chairman's company owns almost a quarter of volex. His interests certainly aligned with shareholders.