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sure I have them - in my model I use FY23e rev: $631m ; EPS: $18.6 - cheers
DaddyAIM - Wonder if you have the numbers used to calculate a 16x EPS for FY23?
Which for a stock growing at mid single digit organically, strong structural tailwind and a 3% dividend yield is a STRONG BUY
Pure non sense. On a conservative modelling, it trades at 16x FY23 EPS.
Really? 10 years on divi to recover yesterday drop? Divi is not an argument here
SPT is good company with bad price to earning ratio = 24. SP can potentially drop three times from such level. Overpriced while SP over 100.
Results are not that long away 8th March and I expect a rosier picture to be painted. Erick will be aware of yesterdays fall more than most and downgrade from broker . Results were good and any sniff this remains on track expect a big bounce . Strong balance sheet and Tasty divi. Sit and wait for the bounce
Choice for 2023 is based on the growing number of 5G connections, which is expected to climb from 500mln in 2021 to a staggering 4.8bn by 2027.
All those connections require testing, must be of the highest quality and assured regarding their structural safety. A specialist in testing new technology is Spirent, a profitable FTSE 250-listed, dividend paying company.”
Spirent works with well-known global behemoths including Apple, Vodafone, Nokia, AT&T, BT Group. Siemens and some military forces, as well testing cloud technology for tech titans such as Amazon and Google, and providing cybersecurity testing for large businesses such as the virtual and augmented reality kit for Facebook's parent company, Meta.
“More than half of Spirent’ sales are generated in the US, making it is a beneficiary of the strong US dollar. This UK tech gem could also be a takeover target."
WHAT IS NOT TO LIKE MEDIUM TERM
TUCKING AWAY.
Me too, this stock has been one of my best traders.
Add add add trim trim trim .... sub £1 average cost ... just keep on giving.
and the dividend of course.
Expect this soon to be a big bouncer.
Defo buy at two quid - should it get there.
20-Jan-23 Spirent (SPT) Hold 310.00 280.00 Downgrade
" there will be greater weighting to the second half."
On the basis the markets over react (both up and down) but typically look forward following a dramatic move, it's likley over coming day(s) the sp will recover some decent ground quickly imo...SPT is a very decent company, with a very decent business and now a very cheap sp :-)
" there will be greater weighting to the second half."
seems no immediate need to buy in, given there is unlikely to be much change for at least a Quarter...... markets and businesses are probably now waiting to hear what Powell says at the end of the month...
Holding back Investment decisions is a common issue at the moment across a number of sectors....nothing out of the ordinary, at present.
Definite recovery share if the "soft landing" all works out
I sold last week, not keen on holdign through results. Too many have had bad bath, like this
Does seem an overaction - think market picked up on this:
As previously communicated, global market economic conditions have been impacting some of our customers, resulting in delays to their investment decisions. Whilst we expect customers to remain committed to their development projects overall, evidenced by no cancellations, the Group’s performance is now likely to have a heavier than usual weighting to the second half of 2023.
to be fair the trading update confirmed the results expectations and all will come in time. This is a buying opportunity imho.
"Expect this to go through £3 and beyond on stellar results" LMAO
remind me what happened? I remain a buyer of both.
Mary, Helps to make up for my DLG!
Outlook
We are pleased to have started the new financial year with a strong orderbook. We are well positioned to deliver further strategic and operational progress, with our key business drivers intact, and we continue to invest in our leading technology solutions across our portfolio. Overall, the Group remains well-placed to deliver continued progress in the year ahead, although there will be greater weighting to the second half.
and share price dropped nearly 20%, so i am back in at 230p
Well played Morbox - am holding until 8th March although will trim my positions bought today as is prudent should the price shoot up again. will brace for another leg down but hope that it will not be much more.
I regretted selling late last year around the 270p mark. Back in, this time holding!
Not finding the knee jerk negative tbh.
Proactive
Telecoms testing company Spirent Communications said it expected to deliver an adjusted operating profit slightly ahead of market consensus, with good earnings growth over 2021. Full year revenue grew by 5.5% to $607m as the company said it had coped with global economic challenges, supply chain constraints and increasing cost inflation.
Wall St Journal
Spirent Communications PLC said Friday that it expects its 2022 results to meet expectations, with full-year revenue growth and an adjusted operating profit slightly ahead of market views.
The provider of test, assurance, and analytics services said that revenue is seen growing 5.5% in 2022 to $607 million, despite global economic challenges, supply-chain constraints and increasing cost inflation.
Adjusted operating profit--which strips out exceptional and other one-off items--is now seen slightly ahead of market consensus, it said. The consensus expectation for adjusted operating profit for the year is $127 million, Spirent said. For 2021 it reported an adjusted operating profit of $118.5 million.
The company said it starts the new year with a strong order book and remains well-placed to deliver continued progress, though there will be a greater weighting to the second half.
"We expect the group to continue to progress in 2023, and in spite of the global economic conditions are confident in our mid-term targets with the long-term structural growth drivers for our business continuing to be compelling," Chief Executive Eric Updyke said.
yes I see 212 but did not believe it could get there in one move from 280p - I must have missed something but live and learn and continue to add.
Too busy completing tax returns for clients so only following this one today.
You're working / trying hard this morning Mary :)
depends on your approach, it is hard to enter only at the bottom so I add in trances and release in tranches - and hold until the price turns favourable. This 230p is certainly a better reentry that 280p (which was a bit rich). Admittedly the 320p I had hoped to see today has been scuppered [read delayed] for now.
I can understand people selling here but any sellers for now should be out of the way to allow a nice bounce up as the sellers dry up. The market will digest this as a positive over the next few weeks and this drop, will further to go will be a blip.
There seems no risk to the dividend either and if management are to be believed then these statements make this company stand out from all the other struggling companies...
Fool's comfort maybe but
"having successfully navigated global economic challenges, supply chain constraints and increasing cost inflation."
"slightly ahead of market consensus"
"expect customers to remain committed to their development projects overall, evidenced by no cancellations"
"continued to win important strategic deals and further built our orderbook by 7 per cent during 2022."
"We are pleased to have started the new financial year with a strong orderbook."
{admittedly past tense caveat in the last 2]
Eric Updyke, Chief Executive Officer, commented:
"Against a challenging market backdrop, we have delivered a good performance, demonstrating the enduring, through-the-cycle strengths of our operating model and service offerings.
Networks are becoming more complex than ever before and as customers seek faster, more reliable, more secure connectivity solutions, the heightened need for automated testing and assurance will require greater support from Spirent.
We expect the Group to continue to progress in 2023, and in spite of the global economic conditions are confident in our mid-term targets with the long-term structural growth drivers for our business continuing to be compelling."