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Looks a bit early to be marching on down again… hopefully just some profit taking in a weak market today…
As expected the 2nd leg up is underway. 245/6 dipped to 241/2 heading to 257/8 and beyond.
Duke of York .. marched down and now marching up again.
Reratings & reiterations over the next few days.
20-Jan-22 14:12:08 248.60 1,161,750 Buy* 248.00 248.40 3m
Very nice update here , still 4p a share underwater or 500 quid but looking for a rise towards 300. Last dabble here last year b/e around 250 from memory sold halfway to 300 was kicking myself for not holding a little longer share price rather sluggish at time. Been in and out of Spirent over the years always made a nice profit here even though move up was often slow but missed out by getting out too soon several times. Patience pays at times hopefully this will be less under the radar and there's always chance of a bid. On the Nasdaq this might be a lot higher.
It would be nice if you were right as I bought another load at 241 where there was a small retrace from the early 246p high
seems to be strengthening again.
Only an observation that has served me well
Observed many times that with shares good news is met with a spike at the open / backwardation and then traders take profits.
Unfortunately today the FTSE has lost all its gains from earlier so that hits sentiment.
Once the brokers have completed their strategy meetings a 2nd leg up or down becomes apparent around 9/10am.
Too many shares I have reduced on the initial spike only to watch a 2nd spike later in the day.
As an avid follower of SPT, I expect a retrace of the 15%+ drop over the last weeks.
This statement is robust imho and expect the dividend to be marginally increased and another special to be declared.
This will rerate as it is oversold.
Could be wrong of course but my moeny is where my mouth is.
DYOR
Not a recommendation.
Why after 9… what changes then?
I mentioned SPT to my bro in law recently but called it a falling knife so wait before buying.
Maybe now is the moment.
i don't expect anything but i will take what ever comes my way, nice
expecting a 2nd leg up after 9 to the 258p region and then upward into the results towards where is was a week or so back.
should be a steady retrace up towards actual results date and dividend announcements. Duke of Yorkinging over the last week but who knows.
I continue buy on dips.
Adjusted pretax profit of between $113m to $121m So there should be a favourable response from the market when it opens. Worth buying some more as there are no nasty surprises and a far amount of upside.
Group performance
We closed the year with strong performance in the final quarter with several important wins across all parts of the portfolio. This was achieved despite the ongoing global supply chain challenges which have been managed extremely effectively.
Strong order intake growth continued through to the end of the year, resulting in full year revenue growing by 10 per cent (7 per cent organically1) to $576 million. We now expect to deliver an adjusted operating profit2 slightly ahead of market consensus3, which represents good earnings growth over 2020.
The growth in orders resulted in a materially higher closing orderbook year-on-year, with increased visibility into outer years creating a robust foundation for the new financial year.
Cash closed at $175 million, with high cash conversion driven by continued effective working capital management.