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Share Price: 346.00
Bid: 345.50
Ask: 347.00
Change: 0.50 (0.14%)
Spread: 1.50 (0.434%)
Open: 340.00
High: 347.50
Low: 340.00
Prev. Close: 345.50
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Sunday share tips: Volex, National Express

Sun, 04th Sep 2022 17:14

(Sharecast News) - The Financial Mail on Sunday's Midas recommended to readers that they 'buy' shares in Volex, the power cable manufacturer led by Nat Rothschild.

The company manufactures power cables and bespoke electrical kit for an array of end products, including electric cars, laptops, army tanks and cables for data centres.

And while its client list is confidential, the likes of Amazon, Apple, Siemens and Tesla are thought to all be on it.

With 19 manufacturing sites spanning the globe, Volex can help North American and European companies to near-shore, and service the needs of multinationals.

Its push into higher value segments and focus on quality also allowed Volex to resume dividend payments three years ago.

Analysts see the dividend payout rising by 11% to 4.0p in 2023 and then to 4.8p by 2025.

Rothschild took a 25% stake in the business back in 2008 and 2009 going on to become its chairman in 2015.

Over that timespan, the company's shares soared in value, from less than 50.0p to over 450.0p last autumn.

They were last changing hands at 263.0p but should gain "considerably in value" over coming years, the tipster judged.

"Rothschild could have put his money anywhere. He chose to invest not just cash but also time and energy in Volex, attracted by its 130-year industrial history and the chance to turn a troubled business into a something great.

"Huge strides have been made, but there is plenty more to come."

The Sunday Times's Lucy Tobin said readers should buy shares of National Express, arguing that Britons were still intent on exploring new places, the looming recession notwithstanding, although they would be looking for cheaper ways to go about doing that.

An economic downturn could see demand for bus and coach seats "surge", the tipster added, further noting the recent rail strikes.

To back up her claim, she cited RBC analyst, Ruairi Cullinane, who was predicting that the company would prove "resilient" against the weaker macro backdrop.

The RBC analyst had also recently flagged how the UK bus sector was set to benefit from "policy and demographics looking more favourable than in the decade following the financial crisis".

Sharp rises in staffing costs and fuel mean that it wouldn't be a smooth ride for investors, she conceded.

As well, 80% of revenues were generated overseas, mostly from the US, so it would be wrong to overemphasise the British unit of the business.

But the shares had already been battered, having fallen from 423.0p in February 2020 before the advent of Covid-19 and had come off by over a third year-to-date.

"The shares look reasonable value, changing hands at about 9 times forecast earnings for 2023, below a 10-year average of 11," she said.

More News
9 Aug 2023 14:52

Volex pickec as Tesla charging equipment supplier

(Sharecast News) - Power and data transmission specialist manufacturer Volex announced a significant partnership with electric vehicle giant Tesla on Wednesday.

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9 Aug 2023 12:05

IN BRIEF: Volex selected as Tesla's NACS coupler manufacturer

Volex PLC - Basingstoke, England-based specialist integrated manufacturer of critical power and data transmission products - Announces it is now a licensed partner of electric vehicle maker Tesla Inc for the North American Charging Standard EV charging system. Adds it is stocked and ready to immediately supply automotive original equipment manufacturers and charging infrastructure suppliers.

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7 Aug 2023 11:01

IN BRIEF: Volex receives competition clearances for Murat Ticaret deal

Volex PLC - Basingstoke, England-based electronic components maker - Following receipt of competition authority clearances in both Turkey and Macedonia, says all conditions of its acquisition of Murat Ticaret Kablo Sanayi AS have been satisfied. Expects the deal to complete at the end of the month.

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7 Aug 2023 08:36

Volex takeover of Murat Ticaret clears competition regulators

(Sharecast News) - Volex announced that its acquisition of Murat Ticaret had moved a step closer on Monday, as it received the go-ahead from two relevant competition regulators.

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27 Jul 2023 18:35

TRADING UPDATES: Volex, Eleco, Fintel trading in line with forecast

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Jul 2023 15:14

Director dealings: Audioboom board members buy into price rise, Volex chair takes bonus

(Sharecast News) - Podcast producer and distributor Audioboom was among those on the list of director buys on Wednesday, after it made two disclosures.

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13 Jul 2023 15:58

UK dividends calendar - next 7 days

Friday 14 July 
AVI Global Trust PLCdividend payment date
BlackRock Energy & Resources Income Trust PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
Computacenter PLCdividend payment date
HSS Hire Group PLCdividend payment date
Informa PLCdividend payment date
J Sainsbury PLCdividend payment date
Residential Secure Income PLCdividend payment date
Severn Trent PLCdividend payment date
STS Global Income & Growth Trust PLCdividend payment date
Templeton Emerging Markets Investment Trust PLCdividend payment date
Topps Tiles PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
WH Smith PLCex-dividend payment date
Monday 17 July 
no events scheduled 
Tuesday 18 July 
Alliance Pharma PLCdividend payment date
Dr Martens PLCdividend payment date
Wednesday 19 July 
ThomasLloyd Energy Impact Trust PLCdividend payment date
Thursday 20 July 
BlackRock Income & Growth Investment Trust PLCex-dividend payment date
Bytes Technology Group PLCex-dividend payment date
Bytes Technology Group PLCspecial ex-dividend payment date
Castings PLCex-dividend payment date
Centrica PLCdividend payment date
Cranswick PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
D4T4 Solutions PLCex-dividend payment date
DCC PLCdividend payment date
Elixirr International PLCex-dividend payment date
Ninety One PLC and Ltdex-dividend payment date
North American Income Trust PLCex-dividend payment date
Pennon Group PLCex-dividend payment date
Porvair PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Telecom Plus PLCex-dividend payment date
Volex PLCex-dividend payment date
  
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22 Jun 2023 13:33

Volex eyes Turkey acquisition and fundraise as profit jumps

(Alliance News) - Volex PLC on Thursday said its five-year plan was "on track" after it reported a yearly earnings hike, and the electronic components maker said it will fork out EUR178 million for an acquisition.

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22 Jun 2023 08:50

Volex hikes final dividend after strong set of results

(Sharecast News) - Power and data transmission products specialist Volex reported a 17.6% improvement in group revenue in its preliminary results on Thursday, to $722.8m.

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15 Jun 2023 15:50

UK earnings, trading statements calendar - next 7 days

Friday 16 June 
Peel Hunt LtdFull Year Results
Record PLCFull Year Results
S-Ventures PLCFull Year Results
Tesco PLCTrading Statement
Monday 19 June 
Finsbury Food Group PLCTrading Statement
Triple Point Energy Transition PLCFull Year Results
Utilico Emerging Markets Trust PLCFull Year Results
Tuesday 20 June 
Enteq Technologies PLCFull Year Results
Gear4Music PLCFull Year Results
IG Design Group PLCFull Year Results
Intercede Group PLCFull Year Results
SThree PLCTrading Statement
Monks Investment Trust PLCFull Year Results
Wednesday 21 June 
Berkeley Group Holdings PLCFull Year Results
Halfords Group PLCFull Year Results
Liontrust Asset Management PLCFull Year Results
Thursday 22 June 
Alpha Financial Markets Consulting PLCFull Year Results
Cordiant Digital Infrastructure LtdFull Year Results
DS Smith PLCFull Year Results
First Property Group PLCFull Year Results
Manolete Partners PLCFull Year Results
Mulberry Group PLCFull Year Results
NCC Group PLCTrading Statement
Serco Group PLCTrading Statement
Speedy Hire PLCFull Year Results
Urban Logistics REIT PLCFull Year Results
Volex PLCFull Year Results
Whitbread PLCTrading Statement
XPS Pensions Group PLCFull Year Results

 

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26 May 2023 09:32

IN BRIEF: SysGroup names former Volex head as exec chair; CEO to leave

SysGroup PLC - Liverpool-based IT services and cloud-hosting provider - Says Chief Executive Officer Adam Binks will step down following publication of annual results on June 26. He will remain as a consultant for six months "to ensure the orderly and smooth transition of his responsibilities." Also on June 26, Heejae Chae will join as executive chair and "take day-to-day responsibility" for running SysGroup. Chae was previously CEO of Scapa Group PLC and Volex PLC, and is chair of the remuneration committee at IP Group PLC. Following Chae's appointment, current Non-Executive Chair Michael Edelson will step down to become a non-executive director. Edelson plans to retire following next annual general meeting in September.

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27 Apr 2023 14:34

TRADING UPDATES: Volex wins contract; Engage XR revenue jumps

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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27 Apr 2023 12:15

Volex wins 'major' new contract with US carmaker

(Sharecast News) - Power and data transmission products manufacturer Volex announced a major new contract win on Thursday, with an unnamed "leading global North America-based" automotive manufacturer.

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19 Apr 2023 10:25

Canaccord Genuity on ups price target on Volex

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on power products manufacturer Volex from 380.0p to 400.0p on Wednesday after the group's full-year trading update came in "strong and ahead of expectations"

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18 Apr 2023 12:50

Volex set to beat full-year market expectations

(Sharecast News) - Specialist integrated manufacturer Volex has exceeded market expectations for the 2023 financial year, it reported in an update on Tuesday.

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