Calnex Solutions Share Discussion Threads

[dixies] 14/5/2021 06:45

They just said finals in May, no specific date.

[dr biotech] 13/5/2021 18:22

Yes..must be an error on their website.

[valustar1] 13/5/2021 17:41

Is the 31st not a bank holiday

[dr biotech] 13/5/2021 15:52

Results May31, hopefully give some momentum.

[dr biotech] 02/5/2021 07:58

Doubt it. Lead time for their products has always been 8-12 weeks and as said a few posts up, they are not a high volume manufacturer. Think they sell hundreds of units, rather than thousands.

[zingerburger] 02/5/2021 07:28

Will shortage of chips affect rollout

[dr biotech] 30/4/2021 06:10

Another one for the permanent filter.

[rivaldo] 29/4/2021 21:53

Been there, done that, dealt with - see earlier posts. As ONJohn well knows :o))

[onjohn] 29/4/2021 19:31

MG198226 Apr '21 - 13:22 - 304 of 326
0 0 0
Ciphersense has put forward a bear case with apparently no position long or short:



Anyone able to refute it?

[apad] 28/4/2021 08:05

Bought a few more this morning.
Nice to see the share price ambling down after last year's overdone rise.
I'm expecting the price to fall further as PIs lose patience with delays in 5G roll-out.
Anyroadup I am hoping to increase based on:
1. Very timely technology innovation.
2. Outsourced distribution and manufacturing.
Following the company in Linkedin 😊

Appreciate your research rivaldo.

apad

[rivaldo] 28/4/2021 06:55

To clarify for newbies, Spirent is Calnex’s principal distribution partner.

Spirent’s huge distribution network provides Calnex with access to many key markets, although Calnex retains the underlying customer relationship.

[apad] 28/4/2021 06:36

Spirent
"Whilst we continue to invest to support our future growth plans, we have commenced implementation of a global R&D engineering plan which will rationalise the number of sites and extend our flexibility to serve our global customers. The estimated exceptional cost will be around $8 million over the period 2021-2023 with cash payback estimated within two years."

No competition there then.
apad

[rivaldo] 28/4/2021 06:32

Indeed - some excellent quotes specific to CLX's sector...



"Spirent continues to win in 5G with the development of 5G technology and networks remaining a firm driver underpinning our growth, securing more than 180 deals during the quarter from more than 80 customers demonstrating strong worldwide 5G uptake."

"Lifecycle Service Assurance

Strong order growth in the quarter was driven by continued demand for both our lab and live solutions. We continue to focus on expanding our Services offering and we secured a number of new wins with leading service providers globally, for our managed solutions business. In addition, demand for our new 5G device test solutions and services continues to grow."

"Demand for our assurance solutions continues to strengthen as market drivers for reliable communications remain robust and the pipeline build for our Networks & Security segment is reassuring. Our focus on growing our services business is working, with new secured customer wins for managed solutions and a growing pipeline of new opportunities."

[masurenguy] 28/4/2021 06:25

Good Q1 trading update issued by Spirent this morning !

[dr biotech] 27/4/2021 15:08

I’ve had MFC on filter for a long time. Just look at his/her history, ask yourself are any of the posts worth your time reading.

In fairness I have a lot on filter, I feel these boards have gone downhill over the last year or so.

[onjohn] 27/4/2021 14:22

Advfn showing a very overpriced Pe 42 is this a cannabis stock

[masurenguy] 27/4/2021 14:03

#317: "Hope Muddy Waters don't slag this off now"

What an utterly bizarre comment !

[redartbmud] 27/4/2021 13:12

Dr B

Neither am I it is speculation. I was just hoping that it wasn't a complete write off of time and money.
So far my delvings have improved my thoughts on the business going forward.
I am more positive now, but realise that there is plenty of work to do, if they are going to grow ina meaningful way.
A quality non-exec could be worth his/her weight in gold.

[middlesboroughfc] 27/4/2021 12:34

Nasty read

Chart could fall no further than 60p??


Hope Muddy Waters don't slag this off now

[dr biotech] 27/4/2021 12:29

£500k perhaps buys you a bit of IP and a small handful of useful employees with maybe 1 or 2 that will leave or not be required (ie accounts). I’m not going to read anything into that.

[redartbmud] 27/4/2021 12:19

cartmans

That does seem to be the case.
The whole situation is somewhat opaque, as they issues a series of bonus shares, LTIP type shares and had a share split from nominal 10p to .0125p each. All around the time and after the acquisition of JAR and up to the float at 48p.
I couldn't be bothered to trace through from the original 10352 shares of 10p issued at 90.80p and the 2589312 shares of 0.0125p owned by the JAR shareholders. It must be somewhere in the blurb.
I did follow through some of the accounting entries into the accounts, namely the £507250 in Intangibles, Intellectual Properties in Note 9, and the credit to P&L of £147471. On that basis, the other figures must be somewhere in the jungle, incorporated into other numbers.
They might have closed JAR, but did they pick up anything useful of a technical nature.

[apad] 27/4/2021 08:36

Kelvinside electronics was incorporated in 1987 😊
I believe it haas two sites but do not know whether they are both manufacturing sites.
Also customer repeat orders are not going to be high so volume supply won't become a mass production problem.
In some ways a close relationship could be beneficial, as hastings has posted.
Agree about Spirent, in principle.
However, top class products rule in this type of situation because products failing cause serious knock-on problems during a period of intense roll-out activity - so product leaders are difficult to challenge.
Looking forward, the similarity is perhaps with mobile phone mast's first roll outs where the supply company problems arose when the demand slowed significantly.
apad

[redartbmud] 27/4/2021 07:32

Dr B.
Thanks for the post, it certainly adds to the understanding, and answers questions on risk on the supplier side.

[hastings] 27/4/2021 06:23

Good post Dr B. I'd just add that when I raised Spirent to the CEO he stressed that the relationship was both strong and very mutually beneficial and that as part of that all products relating to Calnex carried the Calnex name!Looking forward to the results next month which we know should be decent.