Rivaldo, Nice call, perhaps I shouldn't be so gobby now on! :) |
Cheers Hydrus, you and me both as regards ability (and inclination) to trade in and out! I simply had a large holding here where I wanted to protect profits in the face of SPT's warning (particularly as much of my holding was in ISAs). Given CLX's liquidity it shouldn't be a problem to buy back in at some point - hopefully at an interesting price. And yes, I'm sure we do have a number of holdings in common. |
Agreed Rivaldo that CLX is expensive and any trading downturn could result in a sharp shareprice correction. However as you said in your post this is a high quality company with a competent CEO. Therefore for me this is one to hold longer term, taking into account the market opportunity. I'll accept the variances in the shareprice and hope the trajectory is from bottom left to the top right over time! I guess another way is trying to time it and trade in and out but that's not my skill set. Good luck with your other investments I think we hold a few in common. |
For transparency I decided to sell all the rest of my holding on Friday, having had a rethink after my initial sales and post here. On such a premium multiple any doubt or concern over trading could translate into quite a hefty reversal, so as others have said I decided to crystallise my several "birds in the hand"!
My sales seemed to be made into good liquidity, so there seemed to be decent demand out there although as Friday continued the price did seem to be dropping further.
Good luck all. I may well be entirely wrong as this is a good quality company with an evidently very capable CEO. It's just that at this point the downside risk seems to heavily outweigh the upside. |
BTW that post is not a criticism of the article, which is not at all bad.
I just had to get it off my chest 😊
apad |
Also trimmed up, along with taking something out of Fonix. Bird in the hand and all that. |
A profit is a profit.Weren't you saying also that in the context of the recent article in Shares Mag that one should simply apply the same positive outlook to CLX, so guess it's come to fruition but not as expected.Will watch and wait for this to settle. |
Spirent hit by a circa 17% fall in price after this mornings update. Like Rivaldo, I have taken a prudent view in the context of relationship factors & current valuation and therefore have sold a quarter of my long term position to take a good profit and I will continue to hold the balance on a long term basis. |
Ericcsons full year figures are out and again,long term confidence tempered by short term concerns.We remain positive on the long-term outlook for our business. However, the near-term outlook, as we also described at our Capital Markets Day, remains uncertain. We expect operators to continue to sweat assets in response to macroeconomic headwinds. In addition, we expect operators to adjust inventory levels as supply situation eases. These trends started to impact Networks in Q4 and we expect them to continue at least during the first half of 2023. At the same time, we expect good growth from market share wins, albeit not fully offsetting the near-term headwinds. In the longer-term, capex is driven by traffic growth. Given near-term macroeconomic headwinds, we expect Enterprise to grow somewhat slower than during 2022. |
Indeed. SPT's "delays to 'customers' investment decisions" and the increased H2 bias, on top of the number of PMDR sell trades, led me to take profits on a decent percentage of my holding first thing today. None of these trades have yet been reported presumably as they're above NMS.
I'll retain the remainder and may well buy back (or regret selling!) as CLX is a terrific company with excellent prospects. But it's on a premium rating which demands perfection in performance, so a little caution is perhaps justified as I had quite a large holding here and very nice profits since buying in immediately post-IPO. |
Spirent figures are pretty much in line.Sees increased biase towards second half as customers finesse orders in tough climate. "Networks are becoming more complex than ever before and as customers seek faster, more reliable, more secure connectivity solutions, the heightened need for automated testing and assurance will require greater support from Spirent.We expect the Group to continue to progress in 2023, and in spite of the global economic conditions are confident in our mid-term targets with the long-term structural growth drivers for our business continuing to be compelling." |
rivaldo,
Do you know how many shares the PDMRs held before/on Admission?
From the Admission Document we have:
Thus I now have the following results:
.PDMR .............. Shares
Gerald Kirk ...... -371,226
Jeff Wright ...... -426,451
Anand Ram ...... -2,312,888 |
No TA but it's RSI was overbought following a golden cross on 6th Jan, so no real surprise some profit taking but never nice to see.Will see if it drops to 180. |
Indeed. In October '21 the same guy sold 170,000 shares at 124p, so perhaps not indicative of too much.
Perhaps more interesting is that it has to be an institutional buyer or two who are quite happy to snap up £897,000 of shares at 194.9p.
There's been a few instances of PDMR top-slicing now. Hardly surprising given the almso 300% rise since IPO. All indicators for CLX's business activities apparently remain extremely bullish, but it's worth keeping an eye out for any changes/issues. |
Another VP selling a chunk. |
It looks like a good move. Clearly her predecessor has had a big influence on the company from the start, but maybe the time is right for a change, now that the business is well established.
On the face of it, Helen Kelisky has an impressive CV and looks like an excellent choice.
red |
Powerful words about the new NED but bearing an equally powerful sub-text about CLX and its aims! Good news indeed. |
 That's an extremely impressive new NED appointment as CLX look to "exploit the growth in the testing market, with the need for greater efficiency and performance in data centre operations":
"Helen Kelisky brings over 30 years' of technology sales leadership experience and a track record of driving top line growth, leading national and international businesses. Helen is currently Managing Director of Google Cloud in the UK and Ireland, responsible for leading its sales strategy and go-to-market sales operations. Previous roles include Board member and Vice President of cloud sales at Salesforce UKI, and Vice President of Cloud at IBM, where she spearheaded the $1 billion+ business for cloud services and software Sales and Delivery."
"Stephen Davidson, Non-Executive Chairman of Calnex, commented:
"We are excited to welcome Helen to the Board. Her experience across the cloud and data centre world will undoubtedly be of immense value to Calnex as we exploit the growth in the testing market, with the need for greater efficiency and performance in data centre operations." |
Cook sold £1.6m worth in June but still holds a decent 20%, just top slicing so no problem IMO.Their iTrinegy acquisition was a very cute purchase and should generate a decent amount of income for them over the next few years IMO. Hopefully following the issues at Ubisoft, in terms of slashing their forecasts and their constant release date delays, that the Ne-One emulator will help them to reduce such issues going forwards. Also like the synergy's and growth potential for cloud based software applications too........I'm also looking at CER which has also hit the sweet spot with telecoms income and growth.Https://youtu.be/WAs_vZbQM2w |
Token sale by CFO to keep a lid on the price? Possible bid discussions going on? |
Great end to the week. |
RSI in overbought territory at the moment following golden cross 6th Jan.Do like the sector and held SPT for a few years but basically lost patience with the lack of any momentum.Has a meaty rating but seems justified IMO. |
Thanks for your comment. It is re asssuring to see someone else feels the same! |
Hi gerihatrick. Like you, I also thought of adding some SPT. But SPT is a £1.7 billion m/cap behemoth - ten times the size of CLX. The old saying is that "elephants don't gallop", so I concluded that CLX may have a lot further to go and more quickly than SPT. Especially as I trust TC, whereas I don't know SPT's management. Plus, being so large, there are more moving parts to SPT which could go wrong, whereas CLX is easier to follow and research. |
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