Volex (VLX)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

367.50p
   
  • Change Today:
    -5.00p
  • 52 Week High: 389.00p
  • 52 Week Low: 198.80p
  • Currency: UK Pounds
  • Shares Issued: 184.53m
  • Volume: 545,393
  • Market Cap: £678.15m
  • RiskGrade: 228

TT Electronics confident of financial framework after Volex abandons takeover talks

By Iain Gilbert

Date: Friday 13 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Electronic components manufacturer TT Electronics said it continues to have confidence in its medium-term financial framework after Volex backed out of a takeover pursuit of the electronic components group, following a month of speculation that it may make an offer.
Ahead of Friday's put up or shut up deadline, Volex said it does not intend to make an offer. On 15 November, Volex made two proposals to TT's board regarding a possible cash-and-shares offer - the first at the equivalent price of 129.0p and the second at 139.6p, valuing the company at £249.0m - but both were rejected.

TT Electronics said late on Thursday that it expects to run at a 12% operating margin by 2026, which assumes a reasonable recovery in the components market and was underpinned by "good momentum" in its European and Asian businesses, alongside the impact of Project Dynamo.

The London-listed group added that guidance for the year ending 31 December was unchanged.

As of 0950 GMT, TT shares were down 2.48% at 105.32p.











Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Volex Market Data

Currency UK Pounds
Share Price 367.50p
Change Today -5.00p
% Change -1.34 %
52 Week High 389.00p
52 Week Low 198.80p
Volume 545,393
Shares Issued 184.53m
Market Cap £678.15m
RiskGrade 228

Volex Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.24% below the market average66.24% below the market average66.24% below the market average66.24% below the market average66.24% below the market average
31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average31.43% below the sector average
Price Trend
61.02% above the market average61.02% above the market average61.02% above the market average61.02% above the market average61.02% above the market average
25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average25.71% above the sector average
Income
54.17% below the market average54.17% below the market average54.17% below the market average54.17% below the market average54.17% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
65.20% above the market average65.20% above the market average65.20% above the market average65.20% above the market average65.20% above the market average
87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average87.88% above the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Volex Dividends

  Latest Previous
  Final Interim
Ex-Div 31-Jul-25 28-Nov-24
Paid 05-Sep-25 09-Jan-25
Amount 3.00p 1.50p

Trades for 01-Aug-2025

Time Volume / Share Price
16:12 160,116 @ 368.65p
16:52 11,709 @ 367.15p
16:52 1,291 @ 367.15p
16:36 767 @ 367.50p
16:36 498 @ 367.50p

Volex Key Personnel

CFO Jon Boaden

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