 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. |
And....?
Share price plumbing new depths, so Darryn - you were saying ?? |
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: |
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 :-) |
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. |
Those who bght in today will have the same opportunity to add in the 20s. Busted flush unfortunately |
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. |
Spirest was 69% of revenue in 2023.
Going forward it could be 0%
= screwed.
red |
Funny enough John I sold out and bought ITV a week back 3.3 ex pence divi 11th of April |
Frankly embarassing from both Calnex management, the house broker and the PR company to shadow put through an 18% cut to FY24 adj. EBITDA that you wouldn't have guessed from reading that press release
Wall of Shame:
Ashleigh Greenan - CFO
Ian McInally - Cavendish Analyst
Caroline Forde, Joe Pederzolli - Alma Strategic Communications
Eric |
Might buy itv instead on that juicer of a yield and super chart
This one sadly May retest 40p lows |
Cash has gone down by 2m since November
Costs look too high now |
I think most companies would broadly agree with that 74tom |
Selective application of AIM buzzwords is getting worse that's for sure. If companies don't want to be measured against forecasts then don't pay brokers to publish them |
Agreed, broadly in line is doing a lot of heavy lifting here.... |
Cavendish were forecasting £17m, so they've missed by £0.7m / 4.1%, 'broadly in line' appears to be a stretch
Cash was forecast to close the year at £13.9m, so they appear to be £2m shy of this & firmly into below expectations territory |
FY24 Trading Update and Notice of Results
Calnex anticipates the results for FY24 will be broadly in line with market expectations, with revenues of approximately £16.3m and margins maintained. The Company's cost base has been adjusted, maintaining and focusing R&D spend to capitalise on the opportunities available to Calnex whilst controlling other costs. The Group's balance sheet remains strong, with cash as at 31 March 2024 of £11.9m after investment in working capital in H2.
While the Group's performance has been affected by the well documented ongoing challenges in the telecoms sector, customer engagement levels have remained high, providing confidence that improvement in the telecoms market outlook will result in projects recommencing and customer spending resuming. Calnex is well placed to fulfil orders relating to these projects once activity levels increase. The Board is encouraged by the level of positive engagement with customers on the Group's new product programmes and in particular expects that continued order growth from the defence and cloud computing sectors will enable Calnex to return to growth in FY25.
Positioned for growth in FY25 and beyond
Management has focused the Group's engineering programmes on opportunities showing the most near-term resilience and potential within the Group's established telecoms market and in the newer markets of cloud computing and defence. Within the telecoms market, the engineering programme is focused on the area of 800Gb/s synchronisation testing, an unmet need where there is growing customer demand. The Group anticipates a major new release in H2 FY25 to support leading edge 800Gb/s interface testing. Looking ahead, while the current challenges faced by the telecoms market are anticipated to continue throughout 2024, the Board is confident the transition to 5G and further development of O-RAN will drive a long-term transformation of the global telecoms infrastructure and demand for our lab synchronisation products.
Cloud computing and data centre markets represent growing opportunity
Calnex's newly marketed products focused on the cloud computing and data centre markets, SNE-X, SNE Ignite and NE-ONE, have seen encouraging levels of interest and initial orders. Over the medium term, the cloud computing market represents a significant additional opportunity for Calnex, given the investment into this market to support high growth in Artificial Intelligence (AI), virtual reality and increasing data centre demand. Measurement and testing is critical to performance in these areas. New opportunities are being assessed in network time monitoring, as well as data centre efficiency and effectiveness. The Group has also experienced good order levels for its application assurance offering, NE-ONE, in the defence, government and satellite markets and anticipates this will continue in FY25.
To maximise these opportunities, the Company is optimising its market approach for its suite of cloud focused offerings, bringing together its cloud infrastructure and cloud application teams, with a view to developing a consistent additional revenue stream.
Tommy Cook, Chief Executive Officer and founder of Calnex, said: "In the face of a challenging telecoms market we have successfully adjusted the focus of our engineering programmes towards the markets showing the most resilience and opportunity, with positive customer conversations taking place across each of our new product programmes. The cloud computing market in particular represents an increasingly exciting opportunity and with the long-term growth drivers in the telecoms market remaining intact, we are well placed to return to growth in FY25 and beyond."
The Company intends to announce audited results for the Y/E 31 March 2024 on 21 May 2024. |
Shame it hasn't moved the share price . I wonder where this will settle 60 pence ? Any ideas any one Thanks in advance |
The Spirent news should have positive vibes for Calnex. This may not immediately have a significant impact on the shareprice as trading relations & volumes should not be affected much in the short term. |
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