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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.
Thomas (Tommy) Cook (CEO) 17,377,764 19.9%
BGF Investment Management Limited 10,515,500 12.0%
Close Brothers Group 7,912,957 9.0%
Scottish Enterprise 7,860,693 9.0%
Sanford DeLand Asset Mgt 3,200,000 3.7%
Liontrust Asset Mgt 3,071,359 3.5%
Hargreaves Lansdown PLC 2,935,218 3.4%
JPMorgan Chase & Co 2,672,782 3.1%
Grippa that is what my broker has as the break even price after my three buys.
Also info showing increase by 132% and two analysts is from brokers platform updated daily from previous days close I
assume.
Large volume just gone through- first attempt at a bottom I'd say
Talk of this hitting the 30's on the other board. Im surprised you bought again Ripley, though following your posts, you are normally successful. I think im happy not to catch the bottom here, and buy in a few more weeks time. (holding a few at 53p yuk). Market makers (on behalf of someone) are making this uninventable IMO, Buy today, they drop it 5% tomorrow, repeat. Might see a TR1 from reduction soon. ?
What is BEP
and whos showing increase by 132% please it this sinces profit warning or before it please?
Third time now at *45p this Monday , could not buy at 47.5p Friday 13th.
Bep shows as 68p.
Analysts 2 showing expect the price to increase by 132%. ( D )
From Fridays 0.475 to 101p.
Sliced VTU Thursday for 36% gain waited 71/2 years for that to start flowering .
Some say buy the rising share , be interesting to compare this move in the future.
Main market down 2% today, Israel ready to invade Garza concerns , on top of all the other bad news over past year.
So it's just made up and not company-given guidance.