Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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surprised at the fall off here today...how could these results be any better?!!
divi increased and this caught my eye:
“Electric Vehicles - strong momentum continues with 53% organic revenue growth delivered through a diverse product set.”
A resilient set of figures given the times we live in when many others are highlighting inflationary pressures to mask poor management controls.
Will add on any SP slippage.
Cannacord says: Trading in line with FY23E expectations after a good H1, which provides 51% sales and operating profit cover relative to our forecasts. Sales was up 22% y/y to $358m (14% organic) with a 9% margin, which is in line. Cites robust demand across all end verticals supported by new contracts with new and existing customers, with EV growing 53% y/y and consumer electricals delivering 3.6% organic growth despite challenging markets. Trades on a CY23E P/E of 12x and EV/EBITDA of 7x, which is a 30% discount to sector average. If trading holds up, we expect to see upgrades to guidance later in the year and we think the shares look too cheap as a result
Good set of results in the current market and lots of growth potential coming our way
As suspected good but not great.
Hoping for good results. Can't see why they won't be. But yes most probably fall back if not barnstorming.
But the long play is where its at.
Probably very good results and the shares will drop like a stone
Tomorrow will be a good day. I hope! :-).
We will announce our FY23 HY Results on Wednesday 9 November 2022.
The results follow our AGM Statement from August, highlighting continued momentum in our attractive end market sectors, and progress against our long-term targets.
#CriticalConnections #BusinessResilience
Volex plc Half Year Results – after a busy and exciting first 6 months to FY23 we are now preparing to update our external stakeholders on our trading performance. Our half year results will be announced on the 9th November. Thank to everyone for their hard work and commitment!
The massive eMove360 Show - is taking place next week (Oct. 5th, 6th, 7th) in Berlin Germany where our entire EV portfolio will be featured. This marks our return to European trade show exhibitions as well as the broader EV market introduction of our product solutions. #Volex
Surely on a TA basis volex and many other shares on cheap side and can rebound
Thanks for that.
NR tweets another partnership with FS.com
Yep, I’m keeping tabs on this if I can get about 2 to add I will be very happy .Volex have made some good business moves in my view . :-)
Hopefully this positive report in today's Daily Mail should produce an upward surge. We can only hope...
https://www.dailymail.co.uk/money/investing/article-11176101/MIDAS-SHARE-TIPS-Nat-Rothschild-make-richer-Volex.html
Got this on my watchlist for now. I think we're in for a stock market sell off for the rest of this year, into early next year. If it goes sub £2 I'll buy, but if it goes to £3 I'll jump in for the ride. Either way it'll make up part of my long term portfolio at some point.
Rex
Daily Mail: Midas share tip.
That's the puppy
02-Sep-22 14:53:02 270.00 115,605 Buy* 253.50 256.50 312.13k O
ask was about 256 at the time.
Agreed.
All momentum completely reversed now with price below 50d and 200d SMAs. Directors were buying around this price back in May.
Feeling fortunate to get a chance to buy here, thought id missed the boat to be honest, when i erred at £2.70.
I hope to build this position over next 12 months to be around 5% of my p/f.
Remember, share prices are as much about sentiment as about profit. When current pessimistic sentiment improves with improving market outlook then I think VLX will be one of the first to take off.
Also; If VLX can increase profitability in this harsh environment then what will they not be like when the environment improves. I think last year's £5 share price high will look low in the not too distant future. Only my opinion!