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CLX Calnex Solutions Plc

65.00
0.00 (0.00%)
Last Updated: 08:00:17
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 0.00% 65.00 9,231 08:00:17
Bid Price Offer Price High Price Low Price Open Price
64.00 66.00 65.00 65.00 65.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 16.27M 40k 0.0005 - 56.91M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:11:55 O 1,726 64.41 GBX

Calnex Solutions (CLX) Latest News

Calnex Solutions (CLX) Discussions and Chat

Calnex Solutions Forums and Chat

Date Time Title Posts
25/11/202421:40CALNEX: telecoms testing/measurement ready for 5G rollout940
20/10/202015:20calyx group is it worth buying86

Add a New Thread

Calnex Solutions (CLX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:11:5664.411,7261,111.72O
09:00:4265.906,0003,954.00O
08:46:2066.001,042687.72O
08:46:2066.0063.96O
08:46:2064.0010.64O

Calnex Solutions (CLX) Top Chat Posts

Top Posts
Posted at 13/12/2024 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 65p.
Calnex Solutions currently has 87,558,302 shares in issue. The market capitalisation of Calnex Solutions is £56,912,896.
Calnex Solutions has a price to earnings ratio (PE ratio) of 1300.00.
This morning CLX shares opened at 65p
Posted at 02/10/2024 05:42 by masurenguy
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.
Posted at 06/9/2024 08:16 by swiss paul
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.
Posted at 19/7/2024 11:41 by yorkshare investor
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.
Posted at 18/7/2024 20:46 by sharesurfer1
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.
Posted at 18/7/2024 13:30 by swiss paul
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 investors@calnexsol.com 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 investors@calnexsol.com 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.
Posted at 17/7/2024 16:44 by swiss paul
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.
Posted at 03/7/2024 15:37 by swiss paul
And....?
Share price plumbing new depths, so Darryn - you were saying ??
Posted at 21/5/2024 13:23 by darryn1
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.
Posted at 31/1/2024 08:18 by masurenguy
Calnex panic entices Sanford DeLand’s Burns

The steep fall suffered by network testing technology provider Calnex (CLX) is a classic example of panic selling, says Sanford DeLand manager Eric Burns, who has added to his position. "After several years of stellar growth, brought about by the increasing sophistication of mobile networks, it fell foul of a significant reining in of capital spending, especially in North America. The share price reaction to Calnex is a classic example of… panic selling. It is at such a time investor psychology becomes paramount. Investors are encouraged to take a step back, assess the situation objectively, and consider the long-term fundamentals of the investment." Burns said.

While Burns said market downturns are painful short-term, they also present opportunities and he added to his position as the shares slumped into ‘deep value territory’. Burns holds the stock in his £70m CFP SDL Free Spirit fund, where it was the biggest detractor in December as the shares shed more than 60%. They closed at 77.2p on Tuesday, having clawed back almost 12% over the last week.
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.
Calnex Solutions share price data is direct from the London Stock Exchange

Calnex Solutions Frequently Asked Questions (FAQ)

What is the current Calnex Solutions share price?
The current share price of Calnex Solutions is 65p.
How many Calnex Solutions shares are in issue?
Calnex Solutions has 87,558,302 shares in issue.
What is the market cap of Calnex Solutions?
The market capitalisation of Calnex Solutions is GBP 56.91 M.
What is the 1 year trading range for Calnex Solutions share price?
Calnex Solutions has traded in the range of 44.50p to 82.00p during the past year.
What is the PE ratio of Calnex Solutions?
The price to earnings ratio of Calnex Solutions is 1300.00.
What is the cash to sales ratio of Calnex Solutions?
The cash to sales ratio of Calnex Solutions is 3.50.
What is the reporting currency for Calnex Solutions?
Calnex Solutions reports financial results in GBP.
What is the latest annual turnover for Calnex Solutions?
The latest annual turnover of Calnex Solutions is GBP 16.27M.
What is the latest annual profit for Calnex Solutions?
The latest annual profit of Calnex Solutions is GBP 40k.
What is the registered address of Calnex Solutions?
The registered address for Calnex Solutions is ORACLE CAMPUS, LINLITHGOW, WEST LOTHIAN, SCOTLAND, EH49 7LR.
What is the Calnex Solutions website address?
The website address for Calnex Solutions is www.calnexsol.com/en.
Which industry sector does Calnex Solutions operate in?
Calnex Solutions operates in the COMMUNICATIONS SERVICES, NEC sector.

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