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Real-Time news about Sandvine Corp. (London Stock Exchange): 0 recent articles
|masurenguy: The mid-June to early-July rally from 111p to 160p has now completely reversed and the share price is right right back to the year lows once again. Most of this retracement would appear to be down to the broader market conditions rather than to company specifics !|
|masurenguy: The share price has now fallen by 45% from the year high of 214p in February and is also 28% below the price on January 18th when it was recommended by Paul Kavanagh of Killick (see post #3 above) and 19% below the price recommended by Mike Savage at Killick on March 20th (see post #10 above). A significant factor in this fall was the unexpected poor Q1 figures on March 9th (shareprice 196p) which has resulted in a price drop of 40% since then. We seem to be a long way off from the ATH of 375p in September 2007 !
We need some guidance on Q2 revenues in order to get some perspective on whether the QI figures were just a blip or whether a negative trend has set in here. Normally we would get Q2 fiures (to May 31) in early July but a Q1 estimate was published in early March this year, which was a month ahead of the formal Q1 figures released on April 6th. They didn't provide any advanced Q1 estimate in the prior year so I guess that they thought it was prudent to do so this year due to the unexpected fall in revenues. If they intend to provide a Q2 estimate then this could come at anytime but otherwise we will have to wait until early next month to see the actual figures.
Yesterdays RNS on contract wins was very encouraging but it was not possible to quantify the impact that this might have in the current year. Hopefully they may elaborate on this further when Q2 estimates of actual sales figures are subsequently released. In the meantime the 10p or 5% headline spread here is not very encouraging to personal investors.|
|masurenguy: No AIM trades today but still marked down by 6%. Share price has declined by 35% from its 2011 high of 215p over the past 12 weeks. The trading volume on AIM has been only 60,000 over the past 3 weeks compared to 1.9m on TSX over the same period. Brings into question why they maintain an AIM listing when virtually 97% of their overall trading volume is on TSX.
I can't really see what might be the catalyst to reverse this decline prior to a more positive Q2 report which is not due for another 2 months.|
|abcd1234: canada leads, or uk leads with the share price?
at the mo they are 55% down|
|seanmiller: loved that statement lol.
"We are confident in Sandvine's opportunity and believe that the shares
repurchased will enhance shareholder value in the long-term," said Dave Caputo,
Sandvine's President and CEO.
but in the short term will completely screw the share price rofl ;)|
|sandbank: BGY Sunday Telegraph 15-1-2006
Flagging British Energy
Soaring gas prices may not be popular in Ukraine, but they have proved a lifeline for British Energy. The nuclear power generator limped back onto the stock market exactly a year ago after its near-bankruptcy in 2002. At the time, few analysts had a good word to say for the company or its management. Yet its share price has since doubled and BE is next in line to join the FTSE100.
Gas prices should stay high in the UK for the next couple of years, as the country builds up storage capacity to cope with its increasing need for imported gas. That means wholesale electricity prices should stay high, which is good news for BE, since its cost of generating power is more or less fixed at £20 per MWh.
The current spot price is £40 per MWh and BE has been able to lock in these high prices by agreeing long-term contracts with its customers. In December, it announced it had sold 50 per cent of its planned output for next year for £35 per MWh.
But what will happen after 2008? One theory is that electricity prices will fall as gas starts to stream into the UK via pipelines from Russia and Norway. Merrill Lynch reckons prices will peak at £46 per MWh in 2008 and fall back to £34 in 2010 - well above BE's break-even point.
The snag is the share price. Even if you believe gas prices will average £50 per MWh after 2008, that only justifies a price of about 530p, according to Merrill Lynch. That's 7 per cent below the current price. To justify more, BE's new American boss would need to improve the efficiency of the existing fleet and extend the working lives of its power stations. All but one are due to close by 2023.
The good news is that management is investing in efficiency, and the Government is warming to nuclear power. But even if BE gets a five-year life extension to all its plants and improves efficiency to 90 per cent, that still only gets the price to 670p. And given BE's huge operational gearing, that's not enough upside to chase the shares higher.
By Simon Nixon|
Sandvine Corp. share price data is direct from the London Stock Exchange