Calnex Solutions Share Discussion Threads

[tole] 28/3/2006 08:30

Starting to move...a couple of large 145k trades the other day maybe clearing some stock.

Only letting you buy 5k online as opposed to sell 25k.

[tole] 13/3/2006 16:09

Okay thanks weatherman, anything good with the others I should know about? I know I should subscribe really, but too tightfisted these days lol.

[weatherman] 10/3/2006 15:49

No mention in techy, but lots of other info about other co's.

[tole] 10/3/2006 15:39

Anybody find out if Calyx got any coverage in Techinvest the other day since they are following it as a buy? or if Evolution have brought out a revised update since results - noticed they've changed their website and won't give access to their broker notes anymore?

[tole] 08/3/2006 19:44

New Product and Service Launches at VoIP for business 2006
VoIP solution vendors and service providers are using VoIP for business 2006 (Olympia Conference Centre, London, 22nd and 23rd March 2006) to showcase a range of new product and services.

[tole] 07/3/2006 07:54

Takeovers boost Calyx turnover

ICT services firm Calyx has reported a 12pc increase in 2005 turnover to €38.4m.

However, net profit was down due to tax payments in relation to a British acquisition in its first set of results since its IPO this time last year.

Shares in Calyx finished the day up 3pc to 2p on London's AIM market yesterday.

The purchase of ITS Technology Service in October led to an increased tax bill. Calyx made a number of acquisitions in 2005 and has just announced its biggest to date - the €4m takeover of IT security specialist Entropy.

The acquisitions have been funded by Calyx's IPO last year, which raised €10m.

The increase in revenues was driven by acquisitions. Pre-tax profits of €1.7m were up 10pc compared with 2004.

"We begin 2006 in a very strong position," said chief executive Maurice Healy. He added that the company has had "strong customer demand" for products in its new network operating centre.

"We continue to differentiate ourselves from the competition with our high level of both voice and data skills. This becomes important as the voice over IP (VoIP) market grows and converged solutions are in increasing demand."

[tole] 06/3/2006 16:49

Acquisitions help drive revenues at Calyx
Monday, March 06 2006
by Ciaran Buckley

Calyx's share price rose 3 percent on Monday after it announced that its full-year pre-tax profits rose almost 10 percent, through growth and acquisition.

Calyx reported revenues of EUR36.6 million in 2005, an 8 percent increase on the EUR34 million it generated in the 2004 fiscal year, while its full-year pre-tax profits grew 9.6 percent to EUR1.74 million.

The company's share price climbed STG0.02 to STG0.73 in trading on London's AIM exchange on Monday, despite the fact that net profits fell by 9 percent. The voice and data firm had net profits of USD1.44 million, with per-share earnings of USD0.04. In 2004, it had profits of EUR1.59 million, with per-share earnings of EUR0.06. But the company's chief executive said that investors are more interested in the company's earnings before interest, depreciation, tax and amortisation (EBIDTA).

"I'd imagine investors are pretty happy with it, the biggest number for them is the EBITDA figure, which was well ahead of the projections we gave at the time of the public offering," said Maurice Healy, chief executive of Calyx, speaking to ElectricNews.Net.

Healy said that investors were also likely to be pleased by the 27 percent growth in service revenues, which showed that the company was successfully implementing the strategy it set out at the time of its initial public offering.

Calyx listed on the AIM exchange in March 2005, raising EUR10.5 million in the process. Calyx shares were first offered at under STG0.64 and have risen more than 13 percent over the past 10 months.

The company has completed a string of acquisitions since its IPO. Last July, Calyx bought communications specialist Convergent for EUR600,000. In early October it bought Quality Care Limited in Cork for EUR1.28 million. A few weeks later it bought UK-based ITS, expanding its business to Britain.

Just last week Calyx announced that it had acquired Entropy, the IT security specialist, for just under EUR5 million in cash and shares. The company said that it bought Entropy to meeting growing demand for specialist IT security services from its clients.

Calyx employs 200 people, providing voice and data network design, technical support, consultancy and training services.

[tole] 06/3/2006 14:47

Calyx revenues hit €38.4m

06.03.2006 - Irish ICT services player Calyx today reported revenues of €38.4m for 2005, up 12pc on €34.2m reported for 2004. The company revealed a 9.6pc increase in pre-tax profits of €1.7m, compared with €1.5m last year.

For 2005, Calyx recorded a 40pc increase in operational profits of €3.1m while earnings before interest, taxes, depreciation and amortisation grew 32pc to €4.6m.

Operational highlights for 2005 included the company's successful initial public offering (IPO) and admission to the London AIM market in March 2005, raising €10.5m in the process.

During the year Calyx acquired three companies - Convergent in July, Quality Care in October and UK firm ITS also in October - as well as investing €1.2m in a state of the art network operations centre. Only last week Calyx acquired Irish IT security player Entropy for €4m.

"2005 has been a very successful year for Calyx," commented the company's chief operating officer Maurice Healy. "Having completed a successful IPO in March we also developed our Network Operating Centre (NOC) and completed and integrated three acquisitions, one of which brought us into the UK marketplace for the first time.

"We begin 2006 in a very strong position and look forward with confidence to the coming year with our NOC providing new and higher margin products, for which we are experiencing strong customer demand. 2006 will also provide a full year of contribution from our three acquisitions which have provided us with new skills, new management talent and tremendously loyal customers.

"We continue to differentiate ourselves from the competition with our high level of both voice and data skills. This becomes increasingly important as the voice over IP (VoIP) market continues to grow and converged solutions are in increasing demand," Healy commented.

By John Kennedy

[tole] 06/3/2006 08:55

Calyx profits up 10% after float

March 06, 2006 08:09
Irish communications technology group Calyx has reported its first set of results since floating on London's AIM market in March last year.

Pre-tax profits were up nearly 10% to €1.7m, as revenue grew by 12% to €38.4m.

Calyx operates mainly in Ireland, but late last year made its first UK acquisition. It has also recently completed its largest deal, buying Dublin IT security specialist Entropy.


During the year, Calyx completed its €1.2m network operating centre. It says it is benefiting from the demand for increased IT security expertise.

CEO Maurice Healy led a management buyout of Calyx from Alphyra in 2002.

[kiwimonk] 05/3/2006 13:40

would think a doubling of shareprice to put it on a market rating of just p/e 14.

[tole] 05/3/2006 11:19

Yep - looks cheap at this level. Would be interested to know if it got any press in techivest this weekend.

Noticed a mention today in Sunday Times - Just a summary of the aquisition. But at least getting a bit of press to bring it onto peoples radars...



"WEDNESDAY: IT company Calyx bought Entropy, an IT security firm, for €4.95m in cash and shares"

[kiwimonk] 05/3/2006 10:49

www.calyx.ie

confirmation that the recent aquisition will add to EPS immidiately.

P/E of less than 7 now.



"We are pleased to confirm that the current Managing Director of Entropy, Conall Lavery, will remain Managing Director of the division and expect the acquisition to be immediately earnings enhancing. Furthermore, this acquisition remains in line with our strategic objectives as set out back in March 2005 when we floated on AIM."

[weatherman] 03/3/2006 17:48

My subscription has run out and I need to send them some more money. It may not come until I cough up.

[tole] 03/3/2006 17:10

Yep me too weatherman - was tempted when I noticed the early trade - but tied up in other things at the moment. Though am definately glad I decided to pick a few up the other week. If you get techinvest you wouldnt be so kind as to post an update tomorrow? tia

[weatherman] 03/3/2006 12:42

Techinvest tomorrow - results on Monday. Good time to buy - wish I had bought some more this morning.

[tole] 03/3/2006 12:03

Well I must have been right there then!! Breaking out now with that move up.

[tole] 03/3/2006 10:50

Nice trade at mid price today obviously a buy pre-results. Having to pay almost full price online for just 7.5k though I notice they are bidding for stock a penny above the advertised rate at 64p. No-one else here?

[tole] 02/3/2006 19:08

Would have thought we should see revisions to their forecasts with results on Monday. Couldnt find any information on this one released by Evo Sec, has anyone else had any luck?

[tole] 01/3/2006 15:58

Yep looks a good buy. Anyone got a brokers note - thought evolution securities was on the case with this one? or am I wrong?

[kiwimonk] 01/3/2006 15:41

looks like a steal, looks like they bought it on a p/e of below 10.
But strip out the 900k cash and 900k net assets and it looks even better, more like a p/e 6.
time to revise those eps estimates up!

[tole] 01/3/2006 15:38

Also worth mentioning the results date which was dropped in at the bottom of teh aquistion news today..

Calyx will be announcing its preliminary results for the year ended December
2005 on Monday 6 March, there will be a presentation at 09:30am at the offices
of Buchanan Communications.

[tole] 01/3/2006 15:31

Market sleeping today on this news :)

Calyx secures Entropy in €4m acquisition

01.03.2006 - Entropy, one of the country's longest established IT security providers, has been acquired by Calyx for €4m in a combination cash and share deal. A further €950,000 will be paid if Entropy meets certain performance criteria over the next 12 months.

In a statement, AIM-listed Calyx said that the initial purchase price of €4m comprises €2.98m in cash and 1.06 million ordinary shares valued at €0.10 each.

Dublin-based Entropy was established in 1993 and provides a range of services associated with IT security including design, implementation, support and management. It has partnership agreements with many of the leading security hardware and software manufacturers including Microsoft, Nokia, Trend Micro, Websense, Check Point, IronPort and RSA Security.

The company's client base covers all industry sectors such as retail, investment, pharmaceutical, leisure, transport and local authority. Its customers include Waterford Crystal, the Grafton Group, Zurich Capital Markets, United Drug and the Department of the Environment, Heritage and Local Government.

For 2005 Entropy had audited revenues of €6.25m with a pre-tax profit of €590,000. It had cash in the bank of €1.1m and net assets of €1.1 million. Entropy's Conall Lavery will continue as managing director of the new division and all of the company's management are to remain in place for 12 months following the acquisition.

For much of the past few years Calyx has been steadily expanding in the market through a series of acquisitions, among them the IT maintenance provider Moss Technology which it bought in 2003.

Calyx purchased Vipertec of Carlow and Cork-based Bevcom a year later. Last year it acquired the communications specialist Convergent Systems, followed by QCL Systems. As part of an expansion into the UK it bought ITS Systems in October.

Calyx chief executive Maurice Healy said the latest acquisition of Entropy was the company's largest to date and it would enhance the company's capability in the area of security solutions. "It also takes us closer to our goal of becoming one of the largest providers of specialist ICT infrastructure services in the UK and Ireland. Our customers are now demanding scale and reach from their trusted partners," he added.

[tole] 28/2/2006 20:57

Thought i'd just add a bit of info to the thread on the latest deals announced in Jan...


BT and Calyx Plc today announced they have joined forces to bring a unique communications package to small and medium business across Ireland.

Exchange is the only office communications solution of its kind that bundles the communications requirements of SMEs into one package for a fixed monthly price. The new service includes a brand new VoIP enabled-telephone system; handsets; broadband; ISDN; line rental; voice service; software updates and a comprehensive technical support and maintenance agreement.

The service was developed after market research showed there was a gap in the market for SMEs to source their entire communications needs through one point of contact. The advantages include supplier rationalisation, greater transparency of telecoms charges and equipment, better cost management and businesses are freed up to concentrate on their core business and not on managing their communications systems.

A real benefit of the offering is that the savings that a company makes can, over time, pay for the new system outright.

According to Maurice Healy, CEO Calyx Group plc "This is a very important development for us. Strategically, it reminds everyone of how committed we are in this space - we are one of the largest voice and data companies in the country - and this is an innovative approach to the market. It's also interesting because it is the first time we have joined forces with BT to develop a new product. There are a lot of similarities with BT - we are both ambitious, well managed, customer-focused companies - and this is a product that should do very, very well."

Mike Maloney, COO, BT Ireland added, "BT and Calyx, as all island companies, are best placed to deliver a service of this size and nature to businesses across the 32 counties. The aim of our partnership is to satisfy the demands of Irish businesses for innovative technology, at competitive prices, with guaranteed support and maintenance. We believe Exchange will help plug this market gap."

Exchange comes in a range of options for businesses ranging in size from 5 employees to 50. The options include:
Exchange I - up to 5 users - ¤171.66 per month over three years
Exchange II - up to 10 users - ¤239 per month over three years
Exchange III - up to 15 users - ¤403.16 per month over three years


A few more links to teh press articles at the time off their website -





If anyone has anymore info or coverage on Calyx would apprecaite it - hard to find anything of significant substance, though admit that I like what I see sofar.

[tole] 22/2/2006 16:57

A bit dated - but good background reading...

Confident Calyx eyes UK foothold
Companies: CLX
27/09/2005

Six months on from its AIM launch and Dublin-based IT solutions business Calyx already appears well set for the future.

Late August saw the company release its maiden interim results as a listed business and, with pre-tax profits leaping 89 per cent to C641,530 on sales up C900,000 at C18.2 million, progress was encouragingly robust. 'This was always going to be the most difficult six months for us due to the flotation,' chief executive Maurice Healy reasons, 'but the guys here have done a great job and, as we've moved from shifting hardware into IT services, we've seen a rise in both margins and revenues.'

Formed, by Healy, through the management buyout of then techMARK-listed Irish technology group Alphyra in 2002, Calyx offerings are now diverse. 'Our domain is everything on the desktop,' the exuberant Healy asserts.

In practice this means Calyx (which targets the SME market place in particular) supplies everything you'd expect of a traditional information and communication technology consultant. The company's data division, for instance, resells and supports products from the likes of HP, Toshiba, Microsoft and IBM. Calyx Voice, meanwhile, claims to be the largest independent telecoms solutions business in Ireland, providing everything from telephone and call-management systems through to wireless networks.

Other divisions offer a range of training and consulting solutions to customers; yet it is Calyx's managed services arm that seems to hold the greatest potential. A growing number of SMEs now seem to be realising the advantages of managed services – essentially the outsourcing of a business' IT systems to a third party – and, having recently concluded work on a multi-million pound network operating centre (NOC) in Dublin, Calyx looks well-positioned to benefit from this trend.

'At the moment we're trusted [by our SME clients] because we already work on their IT systems and we hope to guide them to full outsourcing in time,' explains Healy. 'We already have a customer base and the NOC enables us to sell more. Once you have the relationships it makes it easier to sell new products.'

The NOC is also expected to play a vital role in the next phase of Healy's development strategy, namely a move into the UK. 'Entry into the UK will be through acquisition and we expect to get there in the next six months or so.' He says the most likely strategy will be to acquire a 'Calyx look-a-like' with a presence in a 'large metropolitan area.' The plan will then be to offer a similar range of services to customers, with data and networks again being hosted in Dublin.

Unsurprisingly, the bullish Healy professes to be 'very confident' about the next six months. 'In the first half,' he elaborates, 'we were worried about our senior team being distracted by the flotation but we actually came in ahead of forecasts and that gives us great confidence.'

Lorne Daniel, analyst at house broker Evolution Securities, shares this confidence. For the full year he expects sales to rise to C40.2 million (up from C34.2 million in 2004) and reasons that this, in turn, should lift profits 67 per cent to C3.5 million. Anticipated earnings of 7.9c a share afford a prospective p/e of 12.6 times, a figure which drops to 8.2 for 2006, when profits are expected to hitC5.3 million.

Calyx still has much to do in order to reach these targets. The mass adoption of managed services, for instance, is by no means a certainty, while expansion into the UK market is unlikely to prove straightforward. That said, the shares look a good speculative bet.

[weatherman] 22/2/2006 11:41

Nice to see a bit of life.