Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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Sorry for the delay in responding Grippa, however had the market forecasts I need, just about when you last posted (see how they compare to the forecasts you've seen).
And this post should also add to any forecasts that Dacintaccos may have found by now, and that is: revenue for this new trading year, ending March 2025 is forecast for £18.6m with the bottom line net profit at £0.3m.
So slightly better than the year just recorded - but still a long way from the year prior to that, ending March '23 where revenue was £27.4m with net profit at £5.91m!
And rough figures for March '26 are suggesting revenue increasing from '25, up to £20.6m and net profit also increasing to £1.3m
The forward PE ratio I'm seeing, based on the' 25 forecast, is a staggeringly high P/E of 92.3!
:(
However the DCF Discounted Cash Flow (a v rough 'estimated' metric) is suggesting a fair SP price of 80p now, whilst analysts guesstimates range from a high of £1.15 down to £1.03 (current analysts consensus forecast average target for this year is for £1.09)
As the current SP is way below all those SP forecasts, it would appear to be in the bargain basement.
(Almost tempted to buy blindly if anything in the 40's pops up).
However that astronomical forward P/E ratio calls for some uber-strong investor confidence in CLX.
Profit warning-hit companies usually respond to the upside approx 1 year on, from after the last profit warning, so all in CLX could be much improved from this autumn.
Coincidentally, just about when this year's interim H1 is published round about this mid November for the 6 months ending this September '24.
So it's that half year report this autumn, that will be the deal breaker! Between now and that significant H1 then, all is just opinion and guesswork.
Has anyone got any info on the industry/technical business reasons for Calnex losing so much business? Or is it just an issue of the general malaise of becoming a telecoms sector casualty?
So from watching the presentation i noticed they said they are confident in FY25 results being in line with current expectations, but what are these current expectations? By the sounds of things the telecoms market is still flat
Hi Velo and Thanks, I didnt get that bit either, but nothing new to me as accountings so complex (or can be if they want). I still think in 2 years time could be back to normal and a fantastic oportunity but said that before and fallen flat on my face. I have a copy of forecasts someone sent my on facebook but dont know how I could send them to you........Hmmmm??
"As you can tell I m no accountant but..."
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Neither am I Grippa, was waiting for further updates market guidance from the company so can get a better grip on their forecasts, but that pre-tax liss threw me too. Yes it was a £400k PRE TAX LOSS but wasn't expecting the net profit after taxes to show a tiny Net Profit of just £40k.
I, (and the market) were expecting a small loss but no - they've closed the books showing a small net profit. So no red goes into the history books. You're quite right about the cash on hand. They've stated about £11.9m cash at the year end. As far as I can make out they're laying the blame for the loss not only on market conditions beyond their control but equally they bought too much inventory as it was predicated on better forecasts which never happened. So payments for the inventory adds to the pre-tax loss but I'm still gob-smacked that they have not yet shown a year in net loss - officially (as laughably tiny as it is) they have in fact closed the year showing a tiny profit. There's been no comment about that. All were led to believe a net loss was on the cards but they've managed to pull off ending the year with a net profit - and that's what goes in the history records! :)
Late and phone playing up, so hope this all comes out sensibly.
As you can tell I m no accountant but can anyone explain how they operated at a loss of o.4 million which is understandable with current market conditions but there cash in bank is down 5.7 million. To me that meams they made a loss of at least 5.7 million. Obvieously I m way off somewhere but would be gratefull if someone could explain please :)
Bought the 27th November slice back at 10.30am strait through on 54p limit .
That will teach me dealing on phone app wile traveling I thought ( had only logged out of acc at 10am )
But a sale of RR. to raise funds had just notified must be addicted .
My broker shows day low , but this site has 51.5 as day low .
Brokers market fed keeps going down , whole market might be well down ?
Started checking my sources on the date for the full year trading update and it's the 21st May everywhere with one source saying "the company has announced.." etc., so started reading the RNS's and there was an announcement from the company under that RNS link above about the 21st.So it's confirmed. And also sadly the RNS confirmed the revenue is expected to come in at market expectations - and that is for only £16m Revenue (against revenue into the 20's last year). So confidence in showing a profit diminishes.
But a lot of confidence in the SP by the market currently, so will just have to wait until the results are out next Tuesday.
" Decent recovery last two trading days, no news apparent though "
- - - - - - - - - - -
No news? I think there might be :)
I am led to believe that the full year trading results may be published next Tuesday, May 21st.
However CLX's website is keeping shtum and there's no mention of the date (last year it was out on the 24th).
It's possible that if there has been a continuation from the H1 interim results, from late last year, then the company may beat the consensus analysts forecasts.
Market sentiment is for the company to come in, in the red, with a small loss but it's possible the company (based on the last known trading update from last autumn) may come in with a decent net profit, and also better than market expectations for revenue too.
No one knows of course - hence if the results do come out next week, there is a possibility that the results could beat market sentiment expectations, even though they will still be lower than results achieved last year - but may be still be better than the market was expecting.
" Decent recovery last two trading days, no news apparent though
Decent recovery last two trading days, no news apparent though
Although there was no news flow from Calnec -25% the funds largest monthly decliner, we can only put thjis down to what the broking community refers to as READ-ACROSS from the takeover of Spirent communications, which is held in the BVuffetology fund. the simple bear case would go something like this ; Spirent is Calnexs largest sales channel partner theresfore and change of ownershir will be depremental or disruptive to calnexs relationship. This is naturally something we considered durin our investment process and was an arewa of focus durin our due dilligance prior to purchasing the positrion. Spirent and Calnex have worked sucsessfully for over ten years. The hardware supplied via Spirent is all badged under the Calnex name, which is important as in the even of any change to the supply chain it is clear for the customer where the kit origonates from. Crucially calnex products are differentiated with capabilities that competitors can not easily replicate. Therefore we expect customers will quickly adapt to any potential change in distribution partner, as has been Calnexs experience in the past!!
Having said the below, the news of the takeover bid did overshadow the results at Spirent. There was an 80% drop in profit which was pretty brutal in 2023. Hopefully, 2024 has started more optimistically, but it mayvtake a while to filter through into results. Without a takeover, this may take a while to recover
Me too- I took 1/3 out of spirent as a hedge and put it here. I can't believe this share price will stay here for long. Either a takeover or, with the positive noises from the PMI numbers, things will surely move up from here. Either way, I'm expecting my portfolio to be a little rosier in a few months' time.
I topped up this morning Pedro, bit puzzled why the SP hasn't moved at all this morning.
Spirent take over at 175p cash.
I have reinvested some of the proceeds in advance into CLX
GLA
This share usually lags Spirent a bit(not a rule, but generally). Spirent just released a trading update and seemed to be hitting their (albeit downgraded) predictions for the year. Their share price has recovered a bit and it could mean these companies have seen the bottom of the market and are starting to see green shoots as the recovery happens. That's my positive take on it anyway
Brilliant little company.
Sold the 2nd buy of 11/10/23 back for 71p on 70p order, bep still shows as 68p.
Chart shows it topped soon after at 73.9p.
Maybe it will get back to my first buy of 99p on 4th October soon .
Sold the 3rd buy of 16/10/23 back today for 61p.
A Penny more then the second buy of 11/10/23 which I posted was a mistake that evening .
Only waited one month here .
Bep still shows as 68p.
P/L shows a nice profit ( actual )
Unrealised P/L.... a loss about half of above .( paper )
Total P/L.............. a larger figure then above profit. ( paper )
Good to see this starting to re rate.
Yeah Bwoy.
Announcing its interim results for the six months ended 30 September 2023 on Tuesday, 21 November 2023.
The management team will provide a live presentation relating to the results via the Investor Meet Company platform on Wednesday, 22 November 2023 at 1pm.
Well, I picked some up at around 41p.
I’ve had this company on my watch list for a few years- The accounts are a textbook quality company. Very strong cash position to see it through the recession. High Gross, Operating and net margin.
Consistent high growth rate - Until now, but it's a recession, what does one expect?
Hold for a few years, and I think this will again shine as a quality compounder.
A new product pipeline is also on the way.
If it was a Tr-1 holder selling, then a strong rebound should result.
Thanks Rippley :)
At least one institution is offloading, we shall see the TR1 soon.
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