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So, that was the reason why VLX has been kicked out of the main market and joined the AIM then?
Dropped all the way.I sold at 1050 then bought back in at 169.
It's looking good again now over 320, but still a long back to year 2000's over £20!
Was there a share splits after that? Or did it drop all the way to the present level, I wonder. Does anyone know?
Yes very disappointed when VLX delisted from the Main Market about 6 years ago to join Aim, I’ve been holding my nose ever since !
There are 18 preceding comments on this share today.
All but 3 of them add absolutely nothing to the conversation, and serve only to demonstrate a frailty of mind and nerve.
A word of advice, guys - AIM stocks are seriously not for you.
I have just checked. It was a mistake. Yes, the next dividend will be 1.4p and ex-dividend date will be Nov 30 and pay day will be Jan 20 2024. Sorry for the misinformation everyone.
The info was from DividendMax. A notification was sent to me yesterday.
Seen it. The ex divi date is 30/11 with payment 10/1/24. Not sure whose announcement you’re looking at but it’s not VLX.
The SP is now 304.5, up 7p, nice.
Company Volex Plc (VLX)
Stock Exchange London Stock Exchange (United Kingdom)
Amount 2.6p
Dividend Type Interim
Ex-Dividend Date Thursday November 23 2023
Pay Date Friday December 15 2023
That was the divi. paid end august.Today,s divi is 1.4p xd 30/11/23
Dormus
Yes, it has fully recovered. Buying the dip is often rewarding.
300p‼️
292p recovering strongly
Only down 7.4p now. Today is also the ex-dividend day. The dividend is 2.6p, so the the actual loss is less than 5p. Maybe this will be fully recovered by the end of the day. Who knows.
Decent growth when adjusted for acquisition costs etc. though organic growth isn't that strong. Maybe why the market is punishing the share price this morning?
AndyCompanyZ - because many people are not investors they are gamblers and they want it all and they want it NOW!
A rather brutal open on a decent update I added
Well, I have also took the opportunity to double my holding here. Always buy the the dip. The drop is over done in my own opinion. Should rebound a little or fully recovered given a little time. Because this is not a bad result.
The net debt is the result of buying Murat Ticaret. Only acquired in Sept, so H1 results only show 1 month of revenue gains. Much more at year end. A strong hold for me, in fact added more this morning.
The price action is just the funds driving the share price down to shake out loose holders. Will push back above 300p within a few days
Well, the results were okay, but the only negative thing is the net debt, which has increased from $117m to $173.7m!
I can't see anything negative in their report so why the slump in the SP?
Well Nat seems pleased “ Our business is in exceptional shape “….I tend to agree with an improving Dividend cushioning the wait as we move thro the 5 year plan.
BOO (boohoo) was clearly his big mistake.
ps Paul Scott holds VXL
Overall I agree with Paul Scott on Volex and for the same reasons I'm invested here, but Paul Scott's track record is hardly noteworthy (I have been on Stocko for several years), so I'm starting to question my judgment :-))