It’s quiet out there today…
Volex (VLX) – 72.5p – £65.4m – PER 11.8
Half Year Results For The 6 Months To 1 October 2017 – Revenue down 2.8%, Underlying Operating Profit up 26.8% but it’s just a confusing update. Also states it intends to move to AIM “in order to have greater flexibility to pursue growth and partnership opportunities”.
Stockopedia likes it, StockRank of 97 and it’s got Cash, the Broker forecasts are on the up and the SP is up more than 50% in 12 months. That’s even with a very low Operating Margin and ROCE. However, I just can’t work this one out, the updates are confusing and it’s also moving to AIM. I have to put this in the “too hard for me” and just not for me pile for now.
Wishing you all a great weekend!