Updates

Volex - "Materially ahead of expectations"- results due on 12 November

November 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ahead of interims on 12 November, Volex has said H1 saw such a strong rebound in activity that it expects results for the year to be “materially ahead” of expectations. There has been strong growth in high-current power cords for charging electric vehicles, where it now supplies three major companies. The big one, Tesla, will soon open its fourth plant.Datacentre wiring activity has also gone nuts and is benefiting from expanded operations in Indonesia and all the growth in homeworking. And those Indonesia offices allow US buyers to get round the China trade tariffs. Together with investment in automation and cost efficiencies, operating margin has headed over 10%.All pretty much as expected when I made the shares a main buy ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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