VOLEX - double your money and take it away

utsushi - yes, clearly VLX has it all to do. But the 2 latest broker EPS (adjusted) forecasts I have seen for 2005 are 12.6p from Arbuthnots on 19/12 and 9.3p from ABN Amro on 1/12. Neither is house broker which is UBS but I haven't seen their recent update. At an average of over 10p EPS forecast and current share price under 200p then forward PER is under 20 rather than 28 as you suggest. I agree that's high but these forecasts show a strong improvement from previous ones and I think VLX will be greatly helped both by moving its assembly operations to areas where costs are linked to USD and by the tech and telecoms sectors coming back more strongly than most people expect. Yesterday I was probably wrong to add more shares at 195p to my holding -- do not to take calls from brokers while on the ski slopes is that lesson-- but I'm well up overall having started buying around 60p.