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The SP seems stuck in the 230s at the moment which seems mad given the solid financials and 5G potential. I can definitely see at least 250s by summer, and back into the 300s within 12 months. Not sure why this share is so unloved by the market right now.
In time £3, patience as usual but am adding at these breaks from my trimmed positions as per.
Rising up into the ex dividend date get end cop Weds 16th...reckon we'll be back at 3 in the next couple of months...
This I like.
“big and enduring tailwind”
Spirent’s “top team keeps leveraging this tailwind in ever more ways to grow NPV materially”
https://www.investorschronicle.co.uk/news/2022/03/10/spirent-takes-off-on-5g-tailwinds/
Spirent takes off on 5G tailwinds
Rising demand for 5G and cloud services continues to deliver sales and profit growth
Order book up 30 per cent at the end of 2021, including increasing number of multi-year contracts
Recent acquisition of wireless testing specialist Octoscope to boost future earnings......
.......coupled with the current low valuation, leads us to recommend a Buy.
up more than 8% ,recovery started, nice
I am delighted to read these results and surely we must re rate significantly higher. Block buster. Orders growth of 18%
Orders growth of 18 per cent, 14 per cent organic8, driven by customers' need to support an increasing number of 5G roll outs.
Book to bill9 across the year was 111; the orderbook2 increased $63 million to $270 million with growth in multi-year contracts, across the portfolio providing greater revenue visibility for outer years.
Revenue up 10 per cent, 7 per cent organic8, with strong demand for both lab, and especially live assurance solutions, as 5G networks continue to roll out globally.
Continued R&D investment across the portfolio totalling $113.3 million, 20 per cent of revenue.
Adjusted operating profit increased by 14.5 per cent to $118.5 million, with adjusted operating margin improving to 20.6 per cent, up from 19.8 per cent in 2020.
Cash closed at $174.8 million after payment of special dividend of $46 million, and acquisition of octoScope.
· Full year dividend up 12 per cent (14 per cent in Pound Sterling). Final dividend of 4.37 cents per share to be paid in May 2022.
https://twitter.com/surprised_trade/status/1501818613333954561
Yeah we could have done with todays market bounce tomorrow. I agree I think we will get positive numbers . Any sign growth is beyond 4.5 % is key . Let’s go spirent time to re rate
Expecting a nice chunky dividend and a rerating here.... long overdue
there was a blip , lol
there is some movement today ,
A good sharecast news item, greeted with no upward momentum in the SP typically it’s down again!
Sharecast News) - Analysts at Canaccord Genuity took a fresh look at telecommunications testing outfit Spirent Communications on Thursday after the company finished 2021 "on a high note" and said it was "encouraged" by signs that some of its top customers were planning to increase capex in the current year.
Canaccord Genuity said Spirent ended the year with a "solid" order book and stated it was further encouraged by signs that three of the firm's top customers, AT&T, Verizon and T-Mobile, were planning to increase spending on network equipment and 5G deployments by a combined 9% in 2022.
The Canadian broker noted that as the major US network providers continue their network upgrades, it expects another year of "solid spending growth" on 5G as well as fibre and high-speed ethernet rollouts and pointed out that Spirent should also benefit from a ramp-up in capex at Dish, which has begun to build a 5G greenfield network with a $10.0bn overall budget, with Spirent named supplier of 5G core network test and validation solutions.
"The US makes up 55% of Spirent's revenues, and we estimate the three US service providers plus Dish generate circa 35-40% of sales, buying its testing and network assurance solutions," said the analysts, who stood by their 'buy' rating and 320.0p target price on the stock.
While Canaccord added that test and measurement was "a relatively small part of overall telecom capex", it believes a double-digit increase in spending budgets will provide "a solid growth backdrop for Spirent".
"It is still early in the year but consensus revenue expectations of 4.5% year-on-year growth for this year could be conservative depending on other moving parts such as demand from the US federal government for military positioning solutions as well as the pace of growth in Europe and APAC," said Canaccord
Agreed, this seems to be a very unloved share in general. Today the market has kicked off positively higher and SPT is slightly down.
There was only a flurry of positivity after the results that seems to have been forgotten already.
I would expect some renewed interest once the dividend is announced, but will be exiting once a reasonable price is reached tbh
This has got to be a target for US Vulture capitalists surely, if price continues to sag, post good results?
Looks a bit early to be marching on down again… hopefully just some profit taking in a weak market today…
very nice
Sound as a £ - great background inforation in real time.
https://twitter.com/spirent
As expected the 2nd leg up is underway. 245/6 dipped to 241/2 heading to 257/8 and beyond.
Duke of York .. marched down and now marching up again.
Reratings & reiterations over the next few days.
20-Jan-22 14:12:08 248.60 1,161,750 Buy* 248.00 248.40 3m
Very nice update here , still 4p a share underwater or 500 quid but looking for a rise towards 300. Last dabble here last year b/e around 250 from memory sold halfway to 300 was kicking myself for not holding a little longer share price rather sluggish at time. Been in and out of Spirent over the years always made a nice profit here even though move up was often slow but missed out by getting out too soon several times. Patience pays at times hopefully this will be less under the radar and there's always chance of a bid. On the Nasdaq this might be a lot higher.
sorry 228
my buy wasnt as low as 128p though but not far off.