Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This just looks all wrong. Even based on the numbers in the latest paid for PR piffle (I mean in-depth research note) from Edison, shares in Volex (VLX) are at 80p ludicrously overvalued. The very odd behaviour of the directors makes this smell even worse.
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Comments
wildrides
Pass the barge poles out and thanks for the warning.
Phil
There are views other than yours and Edison’s, Tom, you choose your own data ‘selectively’ to make your point. Admittedly there has been some ramping, GECR in partic, but sensible targets now in 115-130 region don’t seem outrageous.
http://www.proactiveinvestors.co.uk/columns/trader-talk/16491/volex-wired-for-a-turnaround-16491.html