Volex, Ilika, Helium One Share Price Outlook

Volex

Volex reported a profit increase of 14% to £101.7m in the six months to 30 September, compared with £88.4m for the same period the previous year. Volex reported its intention to buy-back £20m of its shares.

Revenue went up 8% to £654.1m from £604.8m a year earlier. The company said it is targeting a growth of 10-12% in full-year 2023.

Volex moved its shares to the FTSE 250 index a year ago. The company said it was set up for further expansion in the second half of the year.

Ilika

Ilika reported pre-tax losses of £24.5m, up from £10.2m in the first half of 2022, as the company focuses on expanding production of solid-state batteries.

Revenue increased by 43% to £4.9m for the first half of 2023, compared with £3.4m for the same period last year.

The shares have reduced by 18% over the past year, but are still up 60% over the past five years.

Helium One

Helium One saw a pre-tax loss of £10.8m in the first half of 2023, against a pre-tax profit of £4.8m in the same period last year, as it spent more on exploration and development of its Tanzania project.

Helium One said it had found more helium at its project, however it needed to raise more money to continue its exploration programme.

The company's shares have gone down by 17% over the past year.