Manufacturer of critical power and data transmission products Volex (VLX) has announced results for its year ended 31st March 2024 and that it is “confident of making further progress”. So how good is the news from a current 342p share price, already up from our 303p offer price April tip?
We have previously been positive on shares in power and data transmission products company Volex (VLX), but recently were concerned about industrial markets conditions and that looks to have also been more widely so with the shares down from heading to 500p in 2021 and 335p just last year. However, a recent trading update has reassured and suggests that there is good value from a 303p offer price.
Describing itself as a “global supplier of integrated manufacturing services and power products”, Volex (VLX) has announced results for its half-year ended 1st October 2023 and emphasises grounds for outlook optimism, suggesting further upside from an ahead to 313.5p share price.
Power and data transmission products manufacturer Volex (VLX) has issued an update that it “is well positioned to achieve full-year results in line with market expectations”.
We noted recovery potential for power and data transmission products manufacturer Volex (VLX) from “a cyber incident” on HotStockRockets on the shares falling to 288p. They have already recovered to 295p but there still looks further risk/reward potential from here.
Power and data transmission products integrated manufacturer Volex (VLX) has announced receipt of competition authority clearances in both Turkey and Macedonia for its proposed acquisition of Murat Ticaret Kablo Sanayi and that completion of the acquisition is now expected at the end of this month.
‘Specialist integrated manufacturer of critical power and data transmission products’, Volex (VLX) has announced quarterly year on year constant currency organic growth of 6.5% and “confidence that the business will continue to make further progress in the year”.
Power and data transmission products company Volex (VLX) has announced results for its year ended 2nd April 2023 and an acquisition and related fundraising. So what of a 283p share price?
Shares in power and data transmission products company Volex (VLX) have performed well over recent months, though are still up less than 13% this year and down from above 340p at the start of last year having been higher during that year. Considering the valuation and a recent positive trading update, we rate the shares a BUY and suggest a return to above a 350p share price is quite realistic.
Power products manufacturer Volex (VLX) has announced results for its half-year ended 3rd October 2021, emphasising “strong trading and strategic progress with investment in growth”. So why have the shares currently responded towards 400p, more than 9% lower?...
