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Ian Pollard – Volex #VLX, Rothschild Praises Rejuvenated Management Team
Volex plc VLX Half year results to the 30th September showed a solid performance with organic growth of 48% in underlying operating profit. This is all due to a rejuvenated management team with a clear strategy opines the Executive Chairman. With a continuing strong sales pipeline, the Board expects full year trading performance will be slightly ahead of market expectations.
Mobile Streams plc MOS Saw revenue collapse to £3m in the year to the end of June compared to last years £5.7m. The company ascribes this as being mainly due to ongoing challenges in the Company’s core market of Argentina.The loss before tax improved from £1.5m to £0.9m and the EBITDA loss fell from £1.48m to £1.2m due to expansion in India. Management was able to stabilize global revenue and margins in the second half of the financial year, despite currency depreciation in Argentina and India. Challenging trading conditions are continuing in Argentina and revenues in India have been impacted by a fall in revenue as a new competitor is awaited in the mobile market. The Board still believes that India remains the largest opportunity for the Company to deliver growth.
Urban Exposure plc UEX updates that it has experienced positive trading momentum, since its admission to AIM on the 9th May. with continued growth and strong demand from developers seeking finance. However the method by which this is being executed will produce lower immediate profits than expected with significantly reduced income in the short term but strong growth in the medium term.
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Brand Comms CEO Alan Green talks Salt Lake Potash #SO4 Advanced Oncotherapy #AVO & Volex #VLX
Alan Green CEO of Brand Communications talks about: Salt Lake Potash #SO4 Advanced Oncotherapy #AVO & Volex #VLX
(Interview starts at 26 minutes 46 seconds)
https://www.voxmarkets.co.uk/
Keep buying Volex #VLX says VectorVest. The current year growth strategy is already well underway.
Warrington based Volex plc (VLX) is one of the world’s largest manufacturers of premium power cord and harness assemblies. VLX produces and sells electronic and fibre optic cable assemblies, and electrical power cords and harnesses in Asia, South America, North America, the UK, and the other parts of Europe. Its products include power cords, radio frequency connectors, industry standard cable assemblies, radio frequency cable assemblies, and high speed/matched impedance cable assemblies. The company offers its products for consumer appliance and electronic products, data and telecommunications, medical, automotive, off-highway, and industrial applications, as well as for transportation, defence, and aerospace industries. It serves original equipment manufacturers, contract equipment manufacturers, and distributors.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On January 19th2018, VLX moved from main market to AIM, in order to give it greater flexibility to pursue growth and partnership opportunities. On April 11th2018, VLX published a trading statement ahead of FY results on June 8th2018, and confirmed that it was trading in line with expectations. VLX said that FY sales expected to show a modest return to growth (c+5%) reversing the trend of a sales decline seen over the previous 3 years. The group reported net cash at the year-end of $9.9m, up from $5.8m reported at the half year. Exec Chairman Nat Rothschild said the sales pipeline, developed over the past year, “has started to convert into new revenues for the group, and we expect to deliver a robust trading performance for the full year in line with the Board’s expectations.” He added that VLX “continue to review value accretive acquisitions in order to diversify our customer base, and expect to make further progress in this regard in the coming months.”Separately on April 27th2018, VLX announced it had completed the acquisition of MC Electronics LLC, a US based manufacturer of customised complex medical and industrial cables.
In a previous note on VLX published Oct 24th2017, shares rose from the then 73p to 86p before falling back. Following the AIM move in January, shares traded at 64p, at which point the VectorVest VLX stock graph analysis logged another rise in the GRT (Earnings Growth Rate). Shares have risen in value since then, but the GRT rating today still logs an excellent 34%. Despite the RS (Relative Safety) rating as ‘fair’, scoring 0.94 on a scale of 0.00 to 2.00, VLX scores highly on the VST-Vector, the master indicator for ranking every stock in the VectorVest database, logging a ‘very good’ rating of 1.30 on a scale of 0.00 to 2.00. With a VectorVest stock valuation rating of 112p, VLX still remains considerably undervalued at the current 76p.
The chart of VLX.L is shown above in my normal format. The blue line study in the window below the price plot shows that earnings per share (EPS) has more than trebled over the past year. This is the engine that’s driving the share price. Since January 2018 the share has pulled back to a previous resistance level and charted a “double bottom” at this level which is a positive sign. Over the past month the share has traded higher and is presently on a BUY recommendation on VectorVest with a stop loss of 68p.
I have spoken about VLX on numerous occasions in the past, highlighting a well-managed company with a broad and diverse manufacturing base. The return to growth is highly significant, and with the move to AIM improving flexibility (and saving money), the current year growth strategy is well underway already with the acquisition of MC Electronics. Fuelled with a growing cash pile for further acquisitions, VectorVest sees every reason to keep buying the shares.
Dr David Paul
May 1st 2018
Readers can examine trading opportunities on XPD and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 30-day trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
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David Paul of VectorVest discusses Taptica #TAP, Games Workshop #GAW, Volex #VLX, Prudential #PRU & Victoria #VCP on Core Finance TV
Before you can define the trend, you have to define the timeframe; but more important than that are Equity Valuations. On VectorVest, they have 5 different measures. Here David Paul, MD of VectorVest UK, discusses the shortest and longest term measure and how the valuations are useful in trading equities. Over the whole market the long term trend turned down last week, but the short term trend is up.
Stocks covered in this clip include
- Taptica International (TAP.L)
- Games Workshop (GAW.L)
- Volex (VLX.L)
- Prudential (PRU.L)
- Victoria (VCP.L)
Round the Clock Trader today features Dr David Paul of VectorVest and Brand CEO Alan Green
Round the Clock Trader today is hosted by Simon Campbell and Zak Mir. Dr David Paul of VectorVest talks market timing, Games Workshop #GAW, Prudential #PRU, Volex #VLX. His slot is 20 minutes in. Brand CEO Alan Green talks Feedback #FDBK, Advanced Oncotherapy #AVO and Petrofac #PFC. His slot is 52 minutes 30 seconds in .
Brand CEO Alan Green discusses Andalas Energy #ADL, Conviviality #CVR & Volex #VLX on VOX Markets podcast
Brand CEO Alan Green discusses Andalas Energy #ADL, Conviviality #CVR & Volex #VLX with Justin Waite on the VOX Markets podcast. The interview is 32 minutes 30 seconds in.
Buy Volex #VLX says VectorVest. Improving profitability and visibility is fuelling acquisitive growth strategy.
Warrington based Volex plc (VLX) is one of the world’s largest manufacturers of premium power cord and harness assemblies. VLX produces and sells electronic and fibre optic cable assemblies, and electrical power cords and harnesses in Asia, South America, North America, the UK, and the other parts of Europe. Its products include power cords, radio frequency connectors, industry standard cable assemblies, radio frequency cable assemblies, and high speed/matched impedance cable assemblies. The company offers its products for consumer appliance and electronic products, data and telecommunications, medical, automotive, off-highway, and industrial applications, as well as for transportation, defence, and aerospace industries. It serves original equipment manufacturers, contract equipment manufacturers, and distributors.
Examine this trading opportunity and a host of other similar stocks. A single payment of £5.95 gives access to the VectorVest Risk Free 30-day trial. More here
On July 25th 2017, VLX held its AGM where the group updated on trading for the 3 months ended June 2017. During the period trading remained in line with expectations, with an improvement in profitability vs. the prior year, as a result of cost cutting actions leading to lower operating expenses. Despite some operational challenges at the VLX Mexico facility, Chairman Nat Rothschild said he believed that cost reduction measures and ongoing operational improvements “should allow us to maintain gross profit margins at a similar level in the year ahead despite commodity price increases. “ Separately on August 10th, Volex announced a strategic partnership with Nexen Tech Corporation, a leading South Korean manufacturer of automotive harnesses and connectors. Group interim results are scheduled for November 10th 2017.
The sharp rise in VLX shares in June had been flagged approximately 2 weeks earlier as VectorVest stock graph analysis logged a rise in the GRT (Earnings Growth Rate), when the shares were trading around 42p. Despite the RS (Relative Safety) rating as ‘fair’, scoring 0.90 on a scale of 0.00 to 2.00, VLX still retains a forecasted GRT of 28%, which VectorVest considers to be excellent. With the VST-Vector (VST) master indicator, (ranks every stock in the VectorVest database), also logging a ‘very good’ rating of 1.33 on a scale of 0.00 to 2.00, VLX still remains undervalued at the current 73p against a VectorVest valuation of 99p.
The chart of VLX.L is shown above in my normal format. Earnings per share (EPS) is shown in the window below the price. This EPS growth is the engine that continues to push the share price upwards. The share is on a BUY recommendation and trending upwards in what technical analysts refer to as a series of rising price bottoms.
Summary: As with so many companies that score highly across the VectorVest stock analysis and portfolio management system, VLX is a well-managed company with a broad and diverse manufacturing base. These qualities have resulted in a significant improvement in profitability and visibility, fuelling the acquisitive growth strategy. With this backdrop, VectorVest sees every reason to buy the shares in the run up to the interim results in November.
Dr David Paul
October 24 2017
Readers can examine trading opportunities on VLX and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 30-day trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
VectorVest Unisearch
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 30-day trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.