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CLX Calnex Solutions Plc

0.00 (0.0%)
08 Dec 2023 - Closed
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
  0.00 0.0% 63.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
63.00 64.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 27.45M 5.91M 0.0675 9.41 55.58M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 63.50 GBX

Calnex Solutions (CLX) Latest News

Calnex Solutions (CLX) Discussions and Chat

Calnex Solutions Forums and Chat

Date Time Title Posts
21/11/202316:20CALNEX: telecoms testing/measurement ready for 5G rollout880
20/10/202015:20calyx 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
2023-12-07 16:31:5564.003,0001,920.00O
2023-12-07 15:12:0163.701,555990.54O
2023-12-07 12:44:4563.803,2802,092.64O
2023-12-07 10:22:3963.031,500945.48O
2023-12-07 10:20:2164.003,0001,920.00O

Calnex Solutions (CLX) Top Chat Posts

Top Posts
Posted at 07/12/2023 08:20 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 63.50p.
Calnex Solutions currently has 87,523,935 shares in issue. The market capitalisation of Calnex Solutions is £55,577,699.
Calnex Solutions has a price to earnings ratio (PE ratio) of 9.41.
This morning CLX shares opened at -
Posted at 26/10/2023 09:32 by swiss paul
Heads Up:
Notice of Investor Presentation

Calnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets, will be announcing its interim results for the six months ended 30 September 2023 on Tuesday, 21 November 2023.

Investor Presentation

The management team will provide a live presentation relating to the results via the Investor Meet Company platform on Wednesday, 22 November 2023 at 1pm.

The presentation is open to all existing and potential shareholders and registration can be completed via the following link:


Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors who already follow Calnex Solutions plc on the Investor Meet Company platform will automatically be invited.
Posted at 17/10/2023 08:59 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.

Posted at 15/10/2023 20:09 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 10:17 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.
Posted at 12/10/2023 08:04 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 07:42 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 10:08 by redartbmud
According to the header, Tommy Cook has 21.0% of the share capital.
No idea what the carrying cost is after options etc, but he must be smarting at this point in time.

The only comfort that I have is the cash in the bank.
It wasn't so long ago that they hired more staff, so any discussions with partners and industry experts didn't indicate an eartquake and landslide on the immediate horizon.
The forecast indicates a recovery in 2025 but a lot of water has to flow under the bridge before then.

A number of questions now arise for Clx and the industry.
1. What will happen to R&D?
2. Will capacity be semi-permanently withdrawn from the market place as businesses retrench?
3. When 'normality' returns, how fast will demand pick up, and to what extent?
4. What will happen to prices, margins and therefore profitability going forward?
5. Will/should the players reduce staff numbers in the immediate short-term if there are no orders and no work. Staff are an expensive commodity and a drain on cash reserves if significantly under-utilised.

Maybe Tommy & Ashleigh should fess up in front of the cameras and explain what, how, why and when things happened and how they plan to move forward to recover the situation that they are in control of, relative to the industry problem that has arisen.

Consolidation of businesses from a position of weakness all around may not be an answer that anyone would wish to happen.

Posted at 11/10/2023 09:45 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 09:39 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.
Posted at 10/10/2023 15:15 by rp19
CLX could threaten initial listing price. Ex-holding and one for the watchlist - market conditions are poor but feel it is a good company.
Calnex Solutions share price data is direct from the London Stock Exchange

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