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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.
There will be a few spikes in the SP today with the anticapated corporate accounts possibly available to read.
Hopefully, they will be audited well! Be careful not to get sucked in, speaking from experience from a disillusioned shareholder.
More stock piling at WK I expect, estimated value of £5.6m revenue until sold, to whom who knows. Therefore this value will continue to increase, while the £3m in cash declines. Ongoing production providing the weather is warm so all good. Continue buying at this low price.
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.
Because I have had an operation recently I have been watching the share price. General conclusions are that are drifting slowly up, however the drips up can be off set by a lurch down. Eg. 0.5p up and 1/2p down. Today I got excited when the SP rise by 2p that was before the RNS, then it dropped, therefore a few people must have known about it before it landed.
60p may be the bottom, but 54p or less is the target for me. Just wait to find out more about the companies not renewing their advertising contracts and the effect on the bottom line profit. See if the online pet shop bears fruit as a bail out 😀
In some previous RNS trading updates for example Spirent mentions winning new orders, gaining hyperscalers, acquiring logos etc. I'm assuming they are not permitted to write the names of actual businesses in these announcements. But by digging you can find out some names.
I would like to learn more about Spirent collaborations with other companies. It's only through digging a bit that you realise they are working with IBM and Palo Alto for example. In some ways I wish spirent would flag this up more to gain greater recognition for the work they do. A1 for example is currently in the media spotlight, are Spirent doing much there? Any extra info would be useful as a new shareholder.