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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Volex - Shares have gained more than £2

July 2011

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.

  • Epic Code:
  • VLX
  • Price:
  • 337p
Volex, which we recommended as a “buy†in April last year at 105p, has produced a fine share price performance, recently hitting a new high of 358p after better than expected results. The company, which makes power cords and cable assemblies, has enjoyed the fruits of a restructuring pushed through by chief executive Ray Walsh and final results showed revenues rising 38% to £316m and pretax profit up by 89% to £13.1m. Eps was up 130% to 20.9p, way ahead of broker Charles Stanley's original forecast for 13.6p at the time we alighted on Volex just over a year ago. Meanwhile, net debt fell from £7.6m to £4.6m. Volex enjoyed strong revenue growth in all its sectors, its most important being consumer, up 41%; telecoms / d ...

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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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