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6 week high at this precise time and it's rarely been at £1.13 or above since the big crash in March. I see a steady recovery over the next few months, albeit it not to the dizzy heights of £2+ for quite a while. I'd like to see a trickle of good news/news of new orders rather than a surprise with the results.
Indeed. Very encouraging signs. Please with strategic acquisition paying off already. Adds to profitability, but will cost an extra £1 in cash/shares.
https://twitter.com/lemminginvestor/status/1661089259078467598?s=46
Fairly positive outlook and Tommy is very conservative so expect 24 to be better than he might suggest. I expect the bottom’s been set and it’s up from here. DYOR
If it stays below £1 today I may be tempted back in. For once I managed to sell the high a few months back with a view to getting back in on any decent dip.
Feeling nervous but have a few £ to invest if it drops a lot. Long term prospects are still excellent I feel.
Rivaldo. If you’re still around what’s your current take on clx? I see Spirent are getting a few broker upgrades. TIA.
Silly me. Director buys we’re dated 13th
I’m happy for the directors to be getting shares at these prices. Will their buys show in the trades on this site?
Looks liek someone is building a position at this price. Unknown trades seem clsoer to buy range than sell range. I do think the sell off is overdone - this is a company that is in profit, cash in the bank, and is likely to make profit again next year, albeit a smaller one than this. I feel confident that this is a good long-term hold, and I picked up some more a couple of days ago on that basis.
This whole 5g thing has been a very expensive red herring especially with the Chinese taking Boris for a long ride costing Vod and Bt several million or was it billion.
30% drop for the profit warning of the year which hasn’t even started yet?!
Drop overdone and bounce should start,imo
Price is holding nicely and might bounce from here because this year earning is at expectation, so do not really know why sp should not be bouncing from here.
Cenkos slash their FY24 forecasts down from 7p EPS to 3.6p ! That's a pretty hefty reduction in forecasts. 120p share price that's a forward PE of 33. Looks very expensive to me here unless you believe FY25 will see a very big rebound in earnings. With this in mind I wouldn't be surprised to see the price drop quite a bit further here.
Bad day for SCSW, CLX, TRMR, RCH all down today. They've suddenly gone very quiet...
I can see the price dropping to anywhere between 80p-100p given that the forecast for the coming year has been slashed in half to 3.6p EPS (mitigated a little by the forecast £17m cash pile).
CLX shareholders were fortunate to have a proxy company like SPT to follow. Having sold out as posted previously, I was amazed the share price held and then bounced as it did (and was starting to doubt whether it had been correct to sell). Those left in had a wonderful opportunity to take profits before today's warning.
CLX is a very good company, but affected by short-term factors. It had to trade perfectly to justify its premium rating. The negative outlook might perhaps encourage bid interest I suppose, but that's no reason to invest in itself.
CLX will probably fall alot more yet. They are still on a high P/E, and they look like they going to have a bad year or so ahead...
Calnex was profitable for me when I sold at 157p. The price continued to rise later which was not that pleasing to see but after the plunge today I have bought at around levels previously bought at. May fall more but longer term am positive.
Looks like CLX is trying to prove some of you wrong. Big jump today, maybe an insider bought for a change?
Lot of PDMR selling also supports your view point. It's quite common to issue profit warning.
For transparency I decided to sell all the rest of my holding on Friday after SPT's profit warning, having had a rethink after my initial sales and post here. On such a premium multiple any doubt or concern over trading could translate into quite a hefty reversal, so I decided to crystallise my several "birds in the hand"!
My sales seemed to be made into good liquidity, so there seemed to be decent demand out ther although as Friday continued the price did seem to be dropping further.
Good luck all. I may well be entirely wrong as this is a good quality company with an evidently very capable CEO. It's just that at this point the downside risk seems to heavily outweigh the upside.
CLX's major customer, Spirent (SPT), have this morning reported "delays to 'customers' investment decisions" and an increased H2 bias.
This, on top of the number of recent PMDR sell trades by CLX directors, led me to take profits on a decent percentage of my holding first thing today. None of these trades have yet been reported as presumably they're above NMS.
I'll retain the remainder and may well buy back (or regret selling!) as CLX is a terrific company with excellent prospects. But it's on a premium rating which demands perfection in performance, so a little caution is perhaps justified as I had quite a large holding here and very nice profits since buying in immediately post the IPO at 50p or so.
That's an extremely impressive new NED appointment as CLX look to "exploit the growth in the testing market, with the need for greater efficiency and performance in data centre operations":
Https://uk.advfn.com/stock-market/london/calnex-solutions-CLX/share-news/Calnex-Solutions-PLC-Board-Changes/89989435
"Helen Kelisky brings over 30 years' of technology sales leadership experience and a track record of driving top line growth, leading national and international businesses. Helen is currently Managing Director of Google Cloud in the UK and Ireland, responsible for leading its sales strategy and go-to-market sales operations. Previous roles include Board member and Vice President of cloud sales at Salesforce UKI, and Vice President of Cloud at IBM, where she spearheaded the $1 billion+ business for cloud services and software Sales and Delivery."
"Stephen Davidson, Non-Executive Chairman of Calnex, commented:
"We are excited to welcome Helen to the Board. Her experience across the cloud and data centre world will undoubtedly be of immense value to Calnex as we exploit the growth in the testing market, with the need for greater efficiency and performance in data centre operations."
The new issue of Shares Magazine has a feature on Spirent - but you could easily replace the word Spirent with Calnex :o))
"Many smartphone users will have access to 5G next generation mobile networks, particularly if you’re in one of the UK’s cities. This shows up as a 5G symbol in your notifications bar and you should notice faster streaming of music or video,
for example.
Yet we remain years away from 5G delivering fully on its long-term potential and testing group Spirent (SPT) is one of the best ways to invest in what is increasingly being seen as a structural technological shift.
5G promises exponentially faster mobile download and upload speeds, much greater
bandwidth to send the explosion of data volumes, and latency (time lag) all but eradicated. It will help enable self-driving cars in the future, robotic medical procedures performed by surgeons miles away from the patient and countless other consumer, industrial and security/military applications.
Analysts estimate barely 30% of all telecom network operators globally have deployed initial 5G networks, and only 3% have deployed the first of many major technology upgrades. As one analyst told Shares, because 5G networks are built
on software from multiple vendors and dispersed across several owned and third-party sites, the job of testing and providing assurance of components and entire networks is ‘never finished’.
5G will become increasingly mission critical to how consumers, industry and governments operate, and Spirent has spent years earning its reputation as a trusted technology testing services supplier. This is a company with a global engineering and operational footprint of the highest possible standard."
My best performing stock in the last 12 months. Unlimited potential.