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Hard to call it is like a drip feed up to a profit warning when the contracts are deferred yet again.
L-T a winner, plenty of trading opportunities
Well how wrong I was! Sold at 160p and consider myself chastened for dealing when I don't know enough about a stock. I think I was saved a bigger loss by the buy-back scheme. Not tempted to wait for the implied improvement in the second half.
Will top up at 132p
Buy dips. Dividend alone.
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I don't often take a punt in a stock that I don't know well but have made an exception here. Interim results tomorrow should be OK given the results from SXS and SNR yesterday. Got in at just under 169p and will get out after the results. (Turning short term trades into long term investments has cost me in the past!) So Sisyphus, I too hope it is a coiled spring and that I too can cheat death.
Yep, since the commencement of the BB, as of todays RNS that's 20,861,882 shares removed from the market. As you say a positive update would be great.
This is a coiled spring. With interims on Weds and sharebuyback purchases ramping up very recently I'm quietly optimistic of a decent update. As I mentioned previously, Concurrent Tech informed the market of a substantial easing in electronic component supply constraints. Spirent has sufficient breadth of services to really benefit going forward. Let's have a solid preview of H2 on Weds.
Just seems to be drip, drip down, very frustrating. Thought it might be in the £1.80s given the share buyback and fundamentals.
Time for this little gem to fly....
Hopefully this has bottomed
25-Jul-23 09:50:42 171.25 380,000 Sell* 171.10 171.50 650.75k
27thJuly. Nice little write up on page 25. Key points: negligible debt; solid growing profit performance during last 5 years; well managed working capital; big players need to spend to keep up, which benefits spt; gross margin over 70%.
As Concurrent Technology RNS'd yesterday resulting in the jump in its share price......
Global supply chain shortages continued to suppress revenues in H1 FY23; however, the current position is very different to January 2023 and, whilst supply chains have not returned to historical norms, they are much more favourable and continue to improve. In recent weeks, the Company has taken significant deliveries of previously supply-restricted components and is seeing improved forecasts from suppliers for both schedules and quantities
RNS just released providing a very positive trading update. Excellent work Spirent.
Back on track and significant lab agreement.
Still weighted towards end of year and Board's confidence in the Company's attractive structural growth drivers and ability to deliver significant future shareholder returns.
Buying dips forever.
Weds 2nd Aug half year results.
4 Aug 6m update last year, so hopw similar this year. Directors large buys on price dip to c.180 and sharebuyback confirm their belief the March dip re weighting to H2 was way overdone. At 170p, this looks a bargain at P/E 11.54 for a strong order book and track history of delivery.
Good article in The Times 2 July ' here's what to know about cannibal stocks'. Highlights successful buybacks e.g. Apple and Next and unsuccessful Boeing and IBM. Hopefully, Spirent can continue to grow, have a buyback strategy moving forwards, and as one global investment manager stated 'buybacks should come when a board feels that it's shares are fundamentally undervalued, not just because the company has surplus cash'. Spirent at a 4 year low of £1.64 hits that criteria, with the next tranche of buy-backs starting on Monday.
Agree, it's a screaming buy for private shareholders. Even better if another business took a major stake.
Bouncing off 4 year lows with a p/e of 12 in a must have high tech industry. This global leader is a gem.
Jeffries should go plugging back in on Monday mopping up as many shares as they can at this level. Perfect timing to get an excellent share buyback under way.
Jefferies can commence the second tranche of the share buyback from 3rd July (until 3rd November) totalling £28mm.
I'm sure Spirent is being overlooked with regard to it's AI work. Notably Spirent have written papers about the support and testing required to implement and successfully run these systems. Therefore, Spirent has an opportunity to work alongside these businesses (of which there could be millions, particularly retailers). A recent article in the Investors hilights a number of businesses to benefit from various sectors. Spirent is no mentioned and that is annoying considering the potential it has is this area. It's not all about 5g, but also about technological benefits in the future, which businesses will not be able to ignore to remain competitive, even if there are recessions in the US and UK.
I added this morning 171. Oh well will add a few more next week if below 170.