No updates yet but expecting one any time. Looks way too cheap on a forward P/E of just 8.6 for 2011 and 6.6 for 2012.

Volex Group PLC

FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Edison Investment Research
19-05-10 None 11.91 15.70 14.91 19.70

The Royal Bank of Scotland NV [R]
04-05-10 BUY 11.61 13.63

Charles Stanley Securities
20-04-10 BUY 12.60 17.63 17.00 23.33

Milkstone Ltd [R]
15-04-10 BUY 13.01 15.47

2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 12.23 16.58 0.00 15.86 21.36 0.00

1 Month Change -0.37 1.11 -1.13 -1.97
3 Month Change -0.16 1.93 0.00 -1.13 -1.97


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 31.41% 14.77% 28.81%
DPS % % %

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA m 17.13m 20.14m

EBIT m m m

Dividend Yield 0.00% % %

Dividend Cover x x x

PER 9.86x 8.60x 6.67x

PEG 0.31f 0.58f 0.23f

Net Asset Value PS p 29.53p 52.55p

Got nervous dc? Hasn't quite performed as hoped imo, so stayed out.

Perhaps it will motor now I'm out HC . :-))

trading update tomorrow.

Fingers crossed its going to be a close thing I reckon, mind directors have been buying big.

My biggest holding at the moment.

Trading Statement

Trading Statement

Volex plc ('Volex' or the 'Group'), the global provider of electrical, digital and optical connections, today releases its Trading Update for the year ended 31 March 2013 in advance of preliminary results that are expected to be announced on 29 May 2013.
Full year revenues and operating profits* for the year ended 31 March 2013 are anticipated to meet market expectations**.

Net debt at 31 March 2013 was less than $20m (01 April 2012: net cash $3.6m).
The Group-wide restructuring initiative that was announced in September 2012 is proceeding to plan. Restructuring costs, which will be taken as an exceptional charge, are expected to be approximately $7m. Further details will be provided at the time of the announcement of results.

- END -

Yep a big let down.

Sold 90%.

Keeping my cheap tranche just in case.

something going on here?

Wonder if Shares mag has tipped it. Look at them buys. Added a few to my last tranche.

The new CEO has bought a few to be going on with last week, and the departing one recently bought. I also added at 98 and 102 last week. Holding these until there is an update but it seems the management are clearing out the deadwood efficiently and the recovery could be spectacular if all goes to plan and they avoid another screw up with their big clients. I think they have learned their lessons though.

24 Jul Jefferies... 130.00 Buy


Up 40% on Friday. Jumped to early. :-((

Not convinced the chart is correct.

The sp did fall skinny, had to look on another site. Data here is getting awful. Thanks.

Good day here - a bit prone to volatility and low volume.

RNS poor interim results sp 88p down 25% ceo steps down.