Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Although there was no news flow from Calnec -25% the funds largest monthly decliner, we can only put thjis down to what the broking community refers to as READ-ACROSS from the takeover of Spirent communications, which is held in the BVuffetology fund. the simple bear case would go something like this ; Spirent is Calnexs largest sales channel partner theresfore and change of ownershir will be depremental or disruptive to calnexs relationship. This is naturally something we considered durin our investment process and was an arewa of focus durin our due dilligance prior to purchasing the positrion. Spirent and Calnex have worked sucsessfully for over ten years. The hardware supplied via Spirent is all badged under the Calnex name, which is important as in the even of any change to the supply chain it is clear for the customer where the kit origonates from. Crucially calnex products are differentiated with capabilities that competitors can not easily replicate. Therefore we expect customers will quickly adapt to any potential change in distribution partner, as has been Calnexs experience in the past!!
Anyone who enjoyed our parable on Bytes Technology (17.1%) may be interested to learn that it was revealed durin march that the initial disclosures into unauthorised share trading by the former CEO emanted from a voluntary request for information from the FCA as part of its monitoring activities. Bytes own stewards enquiry - which will hopefully draw a line under the whole sorry affair - is expected to be concluded prior to the release of 2024 preliminary results expected in late may or early june. A full year trading update released alongside FCA revelations confirmed adjusted operating growth profit of at leasat 12% and cash conversion inline with the companys 100% target. As a result net cash stands at around £89 million. thjis would mark a very reasonable outcome for the year, but realistically the shares may mark time untill the results are Published.
The markets are obvieously non believeres here looking at various figures why are they non believer's anyone else know?
I see alot of buys in Calnex solutions today wonder if people are selling here and going there hoping for the same there..... very interesting times. I'm no expert but would like to think in 12 months time the whole small cap markets in a far better position especially telecoms, its good for the poeple that have made decent gains here to buy other low valued shares while the markets still down., time will tell! Good luck and well done to the fortunate that have done well here, if you haven't can not win them all but still can bay other low valued companys to recover losses. ATB!!
Thanks Broken I hope they get burned but time will tell!!
Whats causing dropping here?? Calnex also dropping
OF COURSE I LOST LOL Who hasnt lost thats been in here for last few years.??? I may be wrong just my observations from watching other shares in similar situations. Good luck long term though!!
FWIW I would be very careful buying straight away, have watched a few similar scenarios and i would expect there to be more downward pressure over the next week especially if theres a large seller still offloading.
I used to be a holder here sold a few weeks ago, what p*&s me off is is when you hear how the companys performing from a industry website like this bellow rather than from the company itself, we havent even been told gaming CEO has left.
https://www.gameinformer.com/2023/10/02/worms-dredge-publisher-team17-is-the-latest-to-be-hit-by-layoffs
Thanks Rippley :)
What is BEP
and whos showing increase by 132% please it this sinces profit warning or before it please?
The whole gaming industry is in retreat, Team17 are making redsundancy's and restructuring and herd new games are struggling. Gaming division CEO who was highly respected Ex SONY is now leaving........ This sounds far from positive to me. I feel for anyone who loses money but this is a big gamble going forwards hopefully it can recover though I think the odds are stacked against it at least short term
Anyone know why this has dropped so much?
Whats happned to old CEO thought he was the reason for growth so far here?