Hard to judge | Profit warning | Run for pensioners
We assess the results of a popular AIM quoted manufacturer of electrical cables, whose shares look interesting value at current levels, although there are some aspects we don’t like. A poorly-worded profit warning from one of AIM’s better video gaming groups saw the shares tumble. We consider whether the sell-off is justified. Read on here for our thoughts on this and other news.
Volex: hard to judge Volex (AIM:VLX), the supplier of integrated manufacturing services and power products, announced its half year results for the 26 weeks to 1 October 2023. Volex manufactures power and data connectivity solutions for five key sectors: Electric Vehicles, Consumer Electricals, Medical, Complex Industrial Technology and Off-Highway. The current group, which can trace back its origins to the 1890’s, now has operations across 27 advanced manufacturing facilities in 24 countries. The business has been transformed under the leadership of Nat Rothschild who joined as Executive Chairman in 2015 and controls 25% of the equity via NR Holdings. Interim…