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CLX Calnex Solutions Plc

54.00
-0.50 (-0.92%)
Last Updated: 13:48:28
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Calnex Solutions Plc LSE:CLX London Ordinary Share GB00BMBK7016 ORD GBP0.00125
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -0.92% 54.00 50,060 13:48:28
Bid Price Offer Price High Price Low Price Open Price
53.00 55.00 54.50 54.00 54.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 27.45M 5.91M 0.0675 8.07 47.7M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:09:47 O 3,960 54.24 GBX

Calnex Solutions (CLX) Latest News

Calnex Solutions (CLX) Discussions and Chat

Calnex Solutions Forums and Chat

Date Time Title Posts
03/4/202409:47CALNEX: telecoms testing/measurement ready for 5G rollout904
20/10/202016:20calyx group is it worth buying86

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Calnex Solutions (CLX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:09:4954.243,9602,147.90O
12:49:2753.005,0002,650.00O
12:48:2854.0010,0005,400.00O
12:18:2054.45918499.85O
11:58:2454.45200108.90O

Calnex Solutions (CLX) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Calnex Solutions Daily Update
Calnex Solutions Plc is listed in the Communications Services, Nec sector of the London Stock Exchange with ticker CLX. The last closing price for Calnex Solutions was 54.50p.
Calnex Solutions currently has 87,523,935 shares in issue. The market capitalisation of Calnex Solutions is £47,700,545.
Calnex Solutions has a price to earnings ratio (PE ratio) of 8.07.
This morning CLX shares opened at 54.50p
Posted at 06/3/2024 16:38 by 2bluelynn
Shame it hasn't moved the share price . I wonder where this will settle 60 pence ? Any ideas any one Thanks in advance
Posted at 31/1/2024 08:18 by masurenguy
Calnex panic entices Sanford DeLand’s Burns

The steep fall suffered by network testing technology provider Calnex (CLX) is a classic example of panic selling, says Sanford DeLand manager Eric Burns, who has added to his position. "After several years of stellar growth, brought about by the increasing sophistication of mobile networks, it fell foul of a significant reining in of capital spending, especially in North America. The share price reaction to Calnex is a classic example of… panic selling. It is at such a time investor psychology becomes paramount. Investors are encouraged to take a step back, assess the situation objectively, and consider the long-term fundamentals of the investment." Burns said.

While Burns said market downturns are painful short-term, they also present opportunities and he added to his position as the shares slumped into ‘deep value territory’. Burns holds the stock in his £70m CFP SDL Free Spirit fund, where it was the biggest detractor in December as the shares shed more than 60%. They closed at 77.2p on Tuesday, having clawed back almost 12% over the last week.
Posted at 22/12/2023 12:20 by swiss paul
Spirent in the 250 - CLX is not.
Posted at 17/10/2023 09:59 by owenski
Cash position was 19m at March this year, it's now 13.5m

Cash going down, although some of that might be spend on inventory, but it doesn't quantify.

If they do get a 30% reduction in revenue and operating costs remain the same - likely, unless they're making redundancies, then revenue could be as low as 19.1m and
Gross profit 14.3m if they maintain 75% GM
Hopefully cost of sales will be lower??? but the rest without reduced head count will remain the same.
If their expenses remain broadly similar - 6.9m sales and 13.9m admin (can't see cost of sales staying the same obviously, it has tended to be 20 - 25% of revenue, so it should fall to 4.75m ish)
So rough ball park - 4.75 + 13.9 = 18.65

Rev. 19.1- 18.65 = PBT of 0.45m, could even tip into a loss.

Ball park rough estimates only at CLX's 30% lower estimates.

Not good though is it and with an uncertain outlook.

Personally, I don't think CLX looks cheap, no wonder that director dumped his stock.

NAI
Posted at 15/10/2023 21:09 by sharesurfer1
Why would any director buy? The VPs were all issued share options with a vesting of only 1p, 2 months before a trading update that crashed the share price due to under performance (which they would all have been aware of)
Posted at 12/10/2023 11:17 by apad
I have been speculating about the private company that does the manufacturing for CLX. It is a special relationship and as things are bad for CLX they could be worse for their manufacturer. Because it is a private company we have no means of knowing whether it can/wants to weather a recession.
apad
Posted at 12/10/2023 09:04 by adamb1978
Fair point re share price reaction 74Tom. Who knows. this has been on my watch list and remains there. Entry price in the mid 30s feels reasonble - 12x-15 PE in 2025 of say 5p-6p so buying at 35p gives 100% upside in 2 years, which feels an appropriate target given the risk
Posted at 12/10/2023 08:42 by 74tom
Maybe. It's schoolboy either way. I'd also add that the share price behaviour on the day shows no sign of any leak, with average activity levels and a static share price around 94/95p.

Should the broker should be receiving the information before the market?

"An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities"

IMO it's a hard no, as it vastly increases the chance of a leak & the creation of a disorderly market.
Posted at 11/10/2023 10:45 by eagle eye
Well timed director sale six weeks ago.
Sold 110,000 @ 122.5p on 25th August 23 = £122,500
Current share price 56.5p
I would expect the regulator to be asking a few questions here.
Posted at 11/10/2023 10:39 by fuji99
This is what they said on 16 August:
"The Company's ability to source the components required for its products continues to improve and, whilst not yet resolved, the financial performance of the Company in FY24 is not expected to be impacted by procurement issues."
2 months later they changed their mind and now talking about possible growth in 2025. So if in between, they downgrade again, the share price could halve from here. The question now for any future statement is: Is it really reliable ? And when a company starts to through doubts in the air, I don't feel comfortable to invest in it. The competence of those who led to such situation must be questioned.
Calnex Solutions share price data is direct from the London Stock Exchange

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