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Interesting closing trade yesterday - 10,000 shares bought at 116p, way above the 113p published offer price. Very keen.
And this morning buying is coming in at almost 119p.
News dated yesterday of a product launch of a Network Emulator:
Https://www.calnexsol.com/en/article-display-events/1605-latest-calnex-sne-enhancements
I also note that Spirent have directly referenced CLX in an upcoming series of presentations, which is a nice prestigious reference:
Https://www.spirent.com/events/validating-the-s-plane-in-o-ran
"Validating the S-Plane in O-RAN
August 12, 2021
Join us to understand why synchronization is important in mobile networks, how the requirements of O-RAN align with existing time and sync specifications, and how Calnex can help you achieve validation success.
Speaker: Neil Jackson, Senior Product Applications Engineer
Your key takeaways from this webinar:
Understand how ITU-T, O-RAN and 3GPP requirements apply to sync in an O-RAN network
Gain an overview of different O-RAN sync topologies
See how Calnex can leverage our extensive experience in measuring time and sync to accelerate your validation processes
Understand how O-RAN nodes (O-DU, O-RU) can be tested independently and in a network"
Moving up nicely now after that impressive news from CLX's major customer.
agreed Rivaldo, sp seems cheap now and so took some CLX on this pull back :-)
https://twitter.com/surprised_trade/status/1423219735026601986
Excellent results from CLX's major customer SPT today - which have been well received by the market. Lots of snippets about the rosy prospects for 5G testing etc, including amongst others:
"5G continues to be a strong, enduring growth driver with over 400 new deals in the first half - up from more than 250 5G related deals in the first half of last year."
"5G-driven growth continued across all lab-based technologies, including good growth for our connected devices products and device test solutions because of the upgrade cycle."
"We commercialised lab test market expansion beyond our core telco and network equipment customers, especially with large hyperscalers targeting 5G core and edge network opportunities."
"5G is the most important and enduring driver for Spirent and our 5G portfolio continues to be a distinct competitive advantage, winning new business and showing strong growth. From device testing and accelerating time-to-market, to assuring and securing live networks, our 5G portfolio offers award-winning solutions to customer challenges. With over 400 new 5G engagements in the first half of 2021, we have won over 1,400 5G-related deals to date and are the global leader in 5G core network testing. We are also working with all of the world's top ten 5G mobile service providers."
"5G device testing requirements are continuing to evolve with new form factors, while user experience and service assurance become even more important in highly competitive markets."
The relentless SP drop has momentum. Has hit my stop loss, but I refused sell. I give it another few days to see if the rot stops. To me on paper it’s a well run profitable company. No debt, but a company this size, sometimes it doesn’t seem to be taken into account
Nice early bounce - given the huge potential and global market leadership it's hardly surprising.
Having listened to presentation, I couldn't see anything other than the positive in it. But then I'm not a professional investor, skilled in the art of reading between the lines.
Worth remembering that CLX now has 12.6p per share in cash.
At the now 103p mid-price, that leaves CLX on a historic ex-cash P/E of only 15.6. Which is pretty low for a growth company in booming sectors.
The only thing I can see that can effect the downturn, is the strength of the £ against the $ & thin trading due to half term
RNS showing strong financials, outlook positive ROE good, am I miss reading it ! Weakness in SP seems overdone.
Just come off the investor presentation which was thorough and interactive.
Calnex confirmed that they intend to pay a dividend in FY2022, and that revenues are expected to exceed FY2021, although not by much due to pullthrough of revenues into FY2021.
I took the opportunity to double my position into a full one in my portfolio.
GLA.
Come back in a week or two and I reckon you’ll see 125 to 130
Often the way with RNS but good call in the end. I do think CLX posted a good set of results but management do need to keep delivering & showing top & bottom line growth to move the share price. Regular news flow around contract wins & new customers could also generate more positive interest.
Love Tommy’s detailed operational review. Much better than the drivel from other companies.
Glad I added more yesterday. Thought the SP would repeated what happened last time!
Very good results, ahead of expectations in terms of revenues and particularly the 5.83p adjusted EPS (compared to the 4.6p forecast).
The £12.7m cash pile is way ahead of the £10.5m forecast.
I calculate the historic ex-cash P/E to be just 17.3, which is pretty low for this sector and with such prospects going forward.
It's good to see the increased emphasis in the narrative on earnings-enhancing acquisitions as well as organic growth from 5G, cloud computing etc.
The outlook is rosy in general, if conservative in the short term as usual in terms of this year being consistent with 2021, from this very prudent CEO. With some of the COVID-related gains being continued into this year, and with 5G etc accelerating, I suspect we may find that as per last year CLX are giving themselves a base from which to underpromise and overdeliver.
I expect a sell off after the results as is the trend unless they are out of the park.
Happy to be wrong and pleasantly surprised.??
Results are tomorrow - looking forward to them, particularly the outlook re 5G etc.
Rhe results will be in eight days' time on 25th May. Good to see there'll be an InvestorMeet presentation too the next day.
A reminder of the trading statement - CLX have already confirmed they're trading ahead of expectations:
"As a result of the continued strong performance in the second half of FY21, the Board anticipates revenues for FY21 will be ahead of market expectations. In addition, as a result of lower travel and event costs due to COVID-19 restrictions, higher margins are expected to be achieved in FY21 than would have been anticipated, which will result in the Company's profitability also being ahead of market expectations in FY21.
With the long-term underlying growth drivers continuing, as the market transitions to 5G and the widescale adoption of cloud computing progresses, the Board is confident that while industry spending patterns may normalise in FY22, Calnex is well positioned to deliver its historical growth rates over the long-term. The Group expects to commence FY22 with a healthy order book and intends to provide an update on the outlook for FY22 when it announces its preliminary results for FY21 in late May."
https://investors.calnexsol.com/financial-calendar/
Better than TBC but still just the months. A rns notifying the Finals date very soon?
Very good RNS from Spirent this morning, with in particular some excellent quotes specific to CLX's 5G testing and assurance sector...
Https://www.londonstockexchange.com/news-article/SPT/first-quarter-2021-trading-update/14954339
"Spirent continues to win in 5G with the development of 5G technology and networks remaining a firm driver underpinning our growth, securing more than 180 deals during the quarter from more than 80 customers demonstrating strong worldwide 5G uptake."
"Lifecycle Service Assurance
Strong order growth in the quarter was driven by continued demand for both our lab and live solutions. We continue to focus on expanding our Services offering and we secured a number of new wins with leading service providers globally, for our managed solutions business. In addition, demand for our new 5G device test solutions and services continues to grow."
"Demand for our assurance solutions continues to strengthen as market drivers for reliable communications remain robust and the pipeline build for our Networks & Security segment is reassuring. Our focus on growing our services business is working, with new secured customer wins for managed solutions and a growing pipeline of new opportunities."
Looks like a nice little Company. I'm in for the long term too.
New holding looks promising ,happy to hold for 3-5 years min
insider selling post lockup period (IPO) = NORMAL
these people cashin to finance stuff, all makes sense.
strong business, big buy imo