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Real-Time news about Calyx (London Stock Exchange): 0 recent articles
|susiebe: Nobody has posted this yet so even though i don't hold thought I should!Shame I didn't see this earlier!
CALYX GROUP PLC ('CALYX' OR THE 'COMPANY')
STATEMENT RE SHARE PRICE MOVEMENT
The Board has noted the recent movement in the Company's share price and
confirms that it has received a preliminary approach that may or may not lead to
an offer for the Company.
Maurice Healy, founder and Chief Executive of the Company, and certain members
of the senior management team have approached the board to obtain permission to
explore the possibility of obtaining third party funding to support them in
making an offer for the Company. An independent sub-committee of the Board has
been formed to consider the approach.
A further announcement will be made when appropriate.|
Broker Davy sees profits before tax of 4.49 for the full year and 10.26m for the next, on turnover of 89.81m and 134.05m respectively. Diluted and adjusted earnings are estimated at 13.8c (9.29p) and 18.3c (12.32p) for the next two years, putting the company on forward multiples of 8.9 and 6.7 times at the current 82.5p share price. Buy.|
|tole: Acquisitions help drive revenues at Calyx
Monday, March 06 2006
by Ciaran Buckley
Calyx's share price rose 3 percent on Monday after it announced that its full-year pre-tax profits rose almost 10 percent, through growth and acquisition.
Calyx reported revenues of EUR36.6 million in 2005, an 8 percent increase on the EUR34 million it generated in the 2004 fiscal year, while its full-year pre-tax profits grew 9.6 percent to EUR1.74 million.
The company's share price climbed STG0.02 to STG0.73 in trading on London's AIM exchange on Monday, despite the fact that net profits fell by 9 percent. The voice and data firm had net profits of USD1.44 million, with per-share earnings of USD0.04. In 2004, it had profits of EUR1.59 million, with per-share earnings of EUR0.06. But the company's chief executive said that investors are more interested in the company's earnings before interest, depreciation, tax and amortisation (EBIDTA).
"I'd imagine investors are pretty happy with it, the biggest number for them is the EBITDA figure, which was well ahead of the projections we gave at the time of the public offering," said Maurice Healy, chief executive of Calyx, speaking to ElectricNews.Net.
Healy said that investors were also likely to be pleased by the 27 percent growth in service revenues, which showed that the company was successfully implementing the strategy it set out at the time of its initial public offering.
Calyx listed on the AIM exchange in March 2005, raising EUR10.5 million in the process. Calyx shares were first offered at under STG0.64 and have risen more than 13 percent over the past 10 months.
The company has completed a string of acquisitions since its IPO. Last July, Calyx bought communications specialist Convergent for EUR600,000. In early October it bought Quality Care Limited in Cork for EUR1.28 million. A few weeks later it bought UK-based ITS, expanding its business to Britain.
Just last week Calyx announced that it had acquired Entropy, the IT security specialist, for just under EUR5 million in cash and shares. The company said that it bought Entropy to meeting growing demand for specialist IT security services from its clients.
Calyx employs 200 people, providing voice and data network design, technical support, consultancy and training services.|
Calyx share price data is direct from the London Stock Exchange