Calnex Solutions Share Discussion Threads

[swiss paul] 20/11/2024 22:05

Cash down from 13.5 - 8.6 yet. Losses increased - but still pays out a divvi?

[swiss paul] 20/11/2024 21:33

hxxps://presentations.investormeetcompany.com/investor-meet-company/CALNEX-SOLUTIONS-PLC-Interim-Results-42a21cde3e3da4958bcb7c4b?bmid=abed6a58c78a

[swiss paul] 07/11/2024 09:53

Thank to Freddie on another board
hxxps://www.rcrwireless.com/20241106/private-5g/bt-business-private-5g

Not exactly glowing

[swiss paul] 04/11/2024 08:52

Hmm wonder if they will include why they have given themselves lots of nice bonuses

[masurenguy] 04/11/2024 07:02

Calnex Solutions plc intends to announce its unaudited results for the six months ended 30 September 2024 on 19 November 2024

[swiss paul] 08/10/2024 07:46

well thats a turn up.But its a NED - not Tommeh or one of the directors which would have been nice. Csnt rememeber the last time I saw an RNS about the Exec buying shares - but happy to ask for more options.
Well done Graeme

[masurenguy] 02/10/2024 05:42

Calnex requires patience

Investors will need to remain patient with test and measurement instruments provider Calnex Solutions (CLX) as it fails to escape subdued industry activity, says Sanford DeLand manager Eric Burns. He holds the stock in his £67m CFP SDL Free Spirit fund where it gained 12.4% in August on the back of an annual general meeting trading update that confirmed performance was in line with expectations.

However, the company suffered a setback earlier in the year when it made the decision to terminate its reseller agreement with Spirent Communications (SPT). Burns said this "caused some unease among investors but reassuringly, a new channel partner network is now operational and covering the group’s territories of North America, Europe, Middle East and Africa, and Asia Pacific. The company is also working to establish direct supplier relationships with several of its key customers. Despite these positive operational developments, it should be noted that the industry outlook remains challenging with activity levels expected to remain subdued for the remainder of the year." he said

The tough backdrop means ‘patience will continue to be required here,’ said Burns. The shares tumbled 3.9% to 50p on Tuesday, extending losses to 58% over the last 12 months.

[redartbmud] 06/9/2024 09:05

I am voting no.

red

[swiss paul] 06/9/2024 08:16

I dont remember being consulted. Anyway the way ths share has been performing. I thnk they are cheeky barstewards:
Proposed Amendment to Existing Incentive Schemes

and Notice of General Meeting



Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets has today sent a Circular to Shareholders setting out details of a proposed amendment to the Company's existing share-based and non-share-based incentive schemes (the "Existing Incentive Schemes").



The Company is currently restricted under the terms of certain of the Existing Incentive Schemes from issuing options over Ordinary Shares exceeding 10 per cent. of the Company's issued share capital (the "Current Share Option Limit"). In order to enable the Board to continue to use share-based incentive schemes to retain, recruit and incentivise executives, senior management and key staff of the Company, in what is a highly competitive market, the Board of Calnex recently undertook a consultation process with a significant number of institutional and individual shareholders to establish their views on the Board's proposal to amend the Current Share Option Limit.
Having considered the feedback from the consultation process, the Board is proposing to increase the Current Share Option Limit to 12.5 per cent. of the Company's issued share capital. It is intended that, following the use of this additional headroom for a period, the Board will seek to manage the number of options granted under the Existing Incentive Schemes below 10 per cent. of the issued share capital.

The proposed amendment to the Current Share Option Limit requires the approval of Shareholders and the Company will today post a circular to Shareholders, along with a notice convening the General Meeting, which is to be held at Oracle Campus, Linlithgow, EH49 7LR on 2 October 2024 at 9.30 a.m.

Further details on the proposal are set out below in the Letter from the Chair of the Company and both the Circular and Notice of General Meeting are available on the Company's website www.calnexsol.com.

[redartbmud] 30/8/2024 15:19

It is a well known fact that if your customer isn't placing any orders, it is quite certain that you will not receive any.
Such is life, until they recommence ordering.

red

[masurenguy] 30/8/2024 14:53

Slowly creeping up with a 20% rise over the past couple of months.

[yorkshare investor] 19/7/2024 11:41

Reviewing last year, there were 1m nil price options issued to management around the same timeline, so this is clearly a recurring LTIP, which makes the volume very eyebrow raising. Currently 2m nil price options issued to management in 2 years!. The typical share scheme for a FTSE100 C suite is around 100-150% of salary a year - with the greatest respect to the calnex board, they are not a FTSE100, and reviewing the biographies, do not have the pedigree that would suggest this level of remuneration is justified. Share price performance shows it certainly hasnt been earned.

Thankfully i was an early investor at 52p, the current share price is on my watch list, buy isnt setting off any huge red flags given the market conditions. What is giving me cause for concern, is my feelings toward the board who are incentivising themselves so heavily. Trust in the C suite, and gut feel play a huge part of AIM investing - CEO and CFO are losing goodwill that came from the early presentations where both came across as credible. I worry now this is the age old AIM story of deep pocketed boards retiring on shareholder losses..

An earlier post used the analogy of pigs at the trough, it is hard to disagree. Agree the half year statements will be very revealing.

[sharesurfer1] 18/7/2024 20:46

You have to assume that the interim report due in November must be positive, or else this award seems wholly inappropriate given the plummeting revenues, profits and cash. Quite shameful.
I had expected news of lay offs at CLX, it seemed inevitable that cost efficiency measures were required to address the operational gearing given the market is still stagnant. If they are cutting costs, whilst issuing shre options of this scale to the C suite, it is in exceptionally poor taste. If they are not cutting costs and delivering large loss making portions to shareholders, then this board needs removed. It's competency and and judgement seem compromised by greed.

[swiss paul] 18/7/2024 13:30

Well here is that chance to hold the board to account:
Notice of Annual General Meeting and posting of Annual Report
Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets, confirms that its Annual General Meeting ("AGM") will be held on 22 August 2024 at 9am at Oracle Campus, Linlithgow, EH49 7LR.
The Company's Annual Report and Accounts for the financial year ended 31 March 2024, along with the Notice of Annual General Meeting and a Form of Proxy, has been posted to shareholders and is available on the Company's website at: hxxps://investors.calnexsol.com/.
AGM arrangements

The AGM will be held in person, but we are pleased to offer the opportunity again for shareholders (or their duly appointed representatives and/or proxies) to participate remotely via Zoom, with the details of how to participate set out below. It would help the Company's planning if shareholders who wished to attend in person could email [e-mail] by no later than 5.30 p.m. on 8 August 2024 to confirm their wish to attend in order that the Company can be confident that the facilities proposed for the AGM will be able to accommodate attendance.

Details of any significant changes to the AGM arrangements will be published on the Company's website (hxxps://investors.calnexsol.com/regulatory-news-alerts/) and shareholders are reminded that they can register for email alerts.

The Company is committed to encouraging shareholder engagement on the business of the AGM. As such, in addition to voting by proxy, shareholders (including any of their duly appointed proxies and/or corporate representatives) will be able to participate in the AGM by Zoom. Participating by Zoom will allow shareholders to view and listen to the AGM remotely and to follow the proceedings in real time as well as asking questions, if they are invited to do so. Please note, however, that shareholders will not be able to vote if participating by Zoom and it is therefore important that, if they wish to vote at the AGM, shareholders either physically attend the AGM or appoint a proxy to attend and vote on their behalf. Information on how to participate by Zoom can be found below.

In order to participate by Zoom, shareholders will be required to pre-register by sending an email to [e-mail] by no later than 5.30 p.m. on 8 August 2024. Shareholders will then be sent by email a link to the Zoom meeting with detailed joining instructions.

The results of the voting will be available on the Company's website at hxxps://investors.calnexsol.com/ as soon as practicable after the conclusion of the AGM.

Dividend timetable

As confirmed in the announcement of the Company's final results for the year ended 31 March 2024, released on 21 May 2024, the directors are proposing a final dividend of 0.62p per share. The final dividend will be proposed for approval at the AGM and, if approved, will be paid on 30 August 2024 to all shareholders on the register as at close of business on 26 July 2024, the record date. The ex-dividend date will be 25 July 2024.

[swiss paul] 17/7/2024 16:44

Oh dear seems piggies are more interested in trough than share price. I wonder whta these 'stretching' aspects are;
Long-Term Incentive Plan Awards

Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications sector and cloud computing markets, is pleased to confirm that share option awards, subject to performance metrics, have been issued to Calnex's executive and senior management team under the Company's long-term incentive plan ("LTIP").

A total of 1,153,198 awards under the LTIP have been granted in the form of nominal cost share options, which will vest over a three-year period commencing 1 April 2024, subject to the satisfaction of performance metrics. Details of those LTIP awards issued to the Company's PDMRs are listed below.

Tommy gets 230,705 @ 1p

Ashleigh gets 165,634 @1p

Anand (VP Bizz Development) 366,853 @1p

Nice work - if they can get it. Wonder which NED came up with that little blinder eh.

Edit
as an aside I saw this on another board
I think it is only fair to know what the hurdles are for these annual option packages as they are quite significant now. I have never liked nil cost options because there is no cash investment by the holders.

Secretive share options are even worse because awardees will tend to manage the company to achieve the share option hurdles even if that means decisions which they know are not in the best long-term interests of the company.

[swiss paul] 03/7/2024 15:37

And....?
Share price plumbing new depths, so Darryn - you were saying ??

[masurenguy] 26/6/2024 13:31

Telecom bosses are right to raise alarm over 5G failures
The slow development of standalone 5G threatens to create a bottleneck for the widespread introduction of AI

When the boss of BT complains about a lack of mobile reception in her local supermarket, you know there’s a problem. Allison Kirkby told the gathering of business and political leaders that in Scandinavia “telco infrastructure is seen as critical” and does not have these problems. Kirkby ran Telia, the Swedish telco, before BT. Even the reindeer, she said, had perfect connectivity. So too, do the trains. “It’s a very demanding nation from a customer point of view, because you just can’t have not-spots. Fibre was basically rolled out seven to ten years ago. Public policy, regulation, everything was conducive to investment in next-generation networks.”

Less than a week later, her rival Margherita Della Valle of Vodafone also bemoaned the shortcomings in the UK’s mobile infrastructure, saying they would hold back the introduction of artificial intelligence. She described the lack of standalone 5G as the “next AI bottleneck”, on a level with chip shortages for the rapidly advancing technology that the UK prides itself on. The UK is 22nd in Europe when it comes to the availability of standalone 5G and sits at the bottom of the G7 countries. The government target is to give most people access to the full capabilities of 5G by the end of the decade. Is that possible? We are still only at an early stage of the rollout. Della Valle is sceptical that it will be all be working in 5 years time if the status quo doesn’t change. Isn’t it also too late, given how quickly AI is developing?

Complete article:

[swiss paul] 23/5/2024 13:45

The facts are there my man. Trouble is you don't want to see them.
Your only putting in the turnover - erm what's the profit (loss of 0.4m). C'mon your a seasoned investor - Turnover = Vanity. Profit = Sanity. Even the loss was mitigated by a tax credit.

On a positive your dead cat has bounced (.15%) - so your polishing seems to be working well!

As an aside you do know a stock market operates on sentiment.

PS have you seen below?

hxxps://www.investormeetcompany.com/meetings/investor-presentation-613

If not - go and educate yourself

Oscar - Foxtrotted :-)

[darryn1] 21/5/2024 22:41

What an unnecessary insolent and aggressive post. Sales last year were £16.3m - it would appear that it is you who cannot read an RNS.

[scepticalinvestor] 21/5/2024 13:28

Those who bght in today will have the same opportunity to add in the 20s. Busted flush unfortunately

[darryn1] 21/5/2024 13:23

What a simplistic and senseless post. Clearly the market takes a completely different view since the fall in the share price today is only 11% despite a 40% drop in sales and a corresponding wipe out of their profits. There will still be demand for Calnex branded products from their end user base but they will just obtain them through different distribution channels.

[redartbmud] 21/5/2024 12:51

Spirest was 69% of revenue in 2023.
Going forward it could be 0%

= screwed.

red