Member Info for reddevils

Https://www.smh.com.au/national/released-detainees-to-be-fitted-with-ankle-bracelets-from-today-20231118-p5ekyv.html

I think the EV side of things is really going to take off. This company has no exposure to traditional auto and no exposure to civil aerospace. Expect margins to increase and growth to come through in spite of COVID.

I think that Melrose will lose at least 2bn of revenue versus the prior year - so around 500m of contribution.

It will generate no cash and the adjusted EBIT will be under 700m.

That means its way over levered and will need to inject equity when it has to refinance its massive bank facility in March 2022

Lets be generous and say its worth an EV of 8bn. Deduct the debt; all the restructuring costs required and the pension deficit and I think the equity is worth max 3.5bn.

So its a buy at about 60p..........

Nice to see Tesla doing well. Positive for Vlx due to EV exposure.

Plenty of headroom

“We have cash, a US$40mln debt facility and loads of headroom to invest or cope with a downturn.”

Even the lowish market value of £126mln is not a major concern.

As the numbers come through and the improvement underway is recognised that will take care of itself believes Morris.

“I’d say we are pretty much bullet-proof at the moment.”

When I read the posts on this thread I cant believe that anyone would buy this share.
Fortunately for those reading this you cant now - due to the suspension! Thats why shares get suspended - to stop
retail investors continuing to fritter their money away in vain.
The pension fund has security; the banks have security; they own the business.
Even if the "top class" management team sell everything for top dollar (which they wont) then the pension trustees will simply hoover up the lot; as you can make a pension liability as big as you like - depending on the assumptions you use!
So equity holders will get nothing.

Looking forward to more progess from Volex. Electric Vehicle growth
Should be starting to show....

Woefully mis-managed business and in no normal company that cared about shareholder value would any of the directors or advisers still be involved.

Now that Hutchinson have hit their 29% limit - the institutions that foolishly invested in this company will cut their losses and run. There will be no buyers / the share price will fall.

The best to hope for is that Hutchison take the company private - but unlikely as they clearly have control now any way.......

Hitting their numbers and finally stemmed the revenue decline. Look like these guys have turned the corner.

Very positive outlook from Apple today. Volex's largest customer?

Enterprise Vale to cash flow of under 2x. Finally looks like the company is getting to grips with the business, which is great to see.

This company must be doing something right - its been around 130 years. The fix here is obvious - cost cutting and a drive to diversify the sales. This latest move to cut a very highly paid CEO is welcome - and while it creates uncertainty it is the right thing to do for shareholder value in the medium term. The value now is bottoming - 60p share price is a multiple of 10x operating profits - trading at fair value for now.

Investec have increased their price target to 98p. Certainly seem to have made huge progress over the last year - but you cannot get away from the fact that they have one very large customer (25% of sales) so there will always be some volatility in the sales.

Agree the overhang has gone. These guys have a two-pronged plan - either grow revenues to get profits up, or cut costs. If they manage either then this will turn out OK. If they manage both then there is very good potential here in my view

Don't believe anything you read in the papers. These guys announce intentions to buy and sell assets and nothing ever happens. It is a stalling tactic to run ARMS into its financing deadlines and go bust. The only thing that can save this company is to get a refinancing done and get on with business. Otherwise shares will go to zero.

This company has been up for sale since last summer when it became clear it could not refinance its debt pile. Why are these guys making a conditional possible bid at 41p from a BVI shell company with no proper advisor and having not even picked the phone up to the company ? Feels like a desperate attempt to try and derail a sensible refinancing plan. Shareholders should back the only deal on the table at 25p - and if ACE want to bid at 41p then everyone will be very happy. Any flying pigs in the sky today?

http://www.stockopedia.com/research/re-moulding-the-business-88768/ Revenue growth and margin progression were both notable features of H115 results, confirming that recovery is underway. Changes to the business model have been made with greater local alignment within new sales regions ongoing. Management is aiming to deliver sustainable growth with ambitious FY18 targets. Depending on progress here, Volex may start to be seen as a value, rather than recovery, play.

This is a major turnaround from a year ago - the company is growing again, generating cash and has a low level of debt. The negatives are obviously the worse macro economic outlook, but even so, this stock does appear to have been hit too hard.

With H1 profits as reported, full year operating profits would be say $10-11m - thats a lot better than last year and following year should improve further.

Lucan - we all remember that 3-wheeled reliant robin - driven by disabled drivers. You are dead right - we have a board lacking the skills to manage or communicate. This can and will drop a lot further.