Calnex Solutions Share Discussion Threads

[weatherman] 13/12/2006 21:46

I think the fall has been over done bearing in mind growth and potential for what was a minor profit adjustment.

[tole] 06/10/2006 08:48

Looks like its off again.
Big volume a few days back perhaps having something to do with this further lift.

[tole] 27/9/2006 18:47

Broker Davy sees profits before tax of €4.49 for the full year and €10.26m for the next, on turnover of €89.81m and €134.05m respectively. Diluted and adjusted earnings are estimated at 13.8c (9.29p) and 18.3c (12.32p) for the next two years, putting the company on forward multiples of 8.9 and 6.7 times at the current 82.5p share price. Buy.

[tole] 27/9/2006 16:06

Revenue and profits jump at Calyx
UK market focus pays off

By Maxim Kelly, ElectricNews.net →

Gaining a strong foothold in the British market has contributed to strong interim financial results for Irish IT services firm Calyx.

For the six months ending in June, Calyx reported a 61 per cent increase in turnover to €29m compared to €18.2m for the same period last year. The company, which has offices in Dublin, Limerick, Cork and five in England, also posted robust pre-tax profit of almost €1.7m for the first half of this year, compared with €600,000 a year earlier.

Chief executive Maurice Healy described the results as "excellent", adding that Calyx's acquisition of the Matrix companies in June had established it as a force to be reckoned with in the British market.

"I am extremely pleased with these excellent results and by the development of the group during the period. The acquisition of the Matrix Companies in mid June has firmly established Calyx as a force in the UK networked IT services market and these businesses are performing well under Calyx ownership."

Calyx acquired the Matrix group of IT consultancy companies for just under €60m in June. Following this acquisition, Calyx floated on both the Irish IEX market and London AIM markets, raising €25.4m in the process.

Adjusted earnings per share for the six months (excluding goodwill amortisation and exceptional items) were €0.0487 compared to &euro0.0297 in the first six months of 2005 and €0.0717 for the full year.

Calyx also acquired Irish IT security firm Entropy in March for just under €5m. In addition, the rebranding of a previous English acquisition - ITS Technology Services in Swindon - cost Calyx €300,000 during the current six month period.

In March Calyx announced that its full-year pre-tax profits rose almost 10 per cent to €1.74m, fuelled by growth and acquisitions. Calyx reported revenues of €36.6m in 2005, some eight per cent up on the €34m it posted in the 2004 fiscal year.

[tole] 27/9/2006 16:05

Evolution reiterates its buy rating and 120p target for Calyx.

[hybrasil] 25/9/2006 08:24

well maurice what do you think

[tole] 04/9/2006 12:03

A few more trades today - maybe had a mention in Techinvest this weekend since they are avid followers, having bought it in their portfolio DEC05 at 63.5p.

[tole] 31/8/2006 15:59

Small move up and testing that 80p now. L2 2v2

Good to see some larger buys coming in 2x 75k today

[tole] 30/8/2006 09:38

Is it gonna attempt to breakout?
Last years maiden interims were the end of August - no announcement yet of this years date - but cant be far off.
All moving up today L2 1v2 76-79

[tole] 29/8/2006 10:59

About time :)

L2 3v1 72-76

[tole] 24/8/2006 10:28

Cant be long till the interims now.

Nice mention in last months techinvest - can download a sample copy for the month with the link.

[tole] 22/8/2006 12:14

Starting to perk up a little.

[weatherman] 17/5/2006 15:27

The forecast for this year is 9.6 and 12.3 next. At current 77p it is on a low multiple anyway. Even if the aquisition makes little difference to eps, the profile change hopefully will lead to a rerating.

[weatherman] 17/5/2006 15:23

This certainly a big step change and will give calyx a bigger profile. It should give them a better multiple.

[tole] 17/5/2006 13:00

Calyx gets settled into the UK ICT market
Wednesday, May 17 2006
by Ciara O'Brien

ICT firm Calyx has gone on a spending spree, buying Network Partners Holdings and MXC from Matrix Communications Group.

The deal, worth some STG40.5 million (EUR59.4 million), will consist of STG33.5 million cash, STG2 million in Calyx shares and a deferred payment of up to STG5 million once certain performance targets have been achieved.

The subsidiaries of Network Partners Holdings and MXC will also be included as part of Calyx's deal.

The UK-based Matrix Companies are involved in consultancy, design, supply, implementation and support of ICT network solutions to the public and private sectors in the UK. Their customers include the BBC, BAR (Honda F1), Vodafone, Betfair, Party Gaming and ARM.

The acquisition will give Calyx a substantial foothold in the UK market, according to the firm's CEO Maurice Healy. "This is our largest acquisition to date and firmly establishes Calyx as a force in the UK ICT market," he said. "The foundation has now been set to roll out our enhanced service offerings which will greatly benefit our customers."

The company has also been given undertakings to vote in favour of the acquisition from some 58 percent of Calyx shareholders and 31 percent of the Matrix Communications' shareholders. The acquisition is expected to be completed by 12 June this year.

If shareholders approve, Ian Smith will become the new non-executive director of the enlarged Calyx Group. He is currently chief executive and co-founder of the Matrix Communications Group.

Meanwhile, Calyx has also decided to list on the Dublin IEX stock exchange. It is currently listed on the AIM (Alternative Investment Market) in London, and has been since March 2005. The new share placing in Ireland is aiming to raise some STG17.5 million, and the firm hopes to begin trading on the IEX on 12 June 2006.

Calyx has had a run of good fortune lately. In March it announced that its full-year pre-tax profits rose almost 10 percent to EUR1.74 million, fuelled by growth and acquisition. Calyx reported revenues of EUR36.6 million in 2005, some 8 percent up on the EUR34 million it posted in the 2004 fiscal year.

Earlier this year, Calyx acquired IT security specialist Entropy, for just under EUR5 million in cash and shares.

[tole] 17/5/2006 08:40

Calyx to list in Dublin after acquisition

May 17, 2006 07:45
Irish communications company Calyx, which is listed on London's AIM market, is to acquire the Matrix group of companies for Matrix Communications in a deal which could be worth £40.5m (€59.4m).

The company will also take a listing on Dublin's IEX market, while it has also announced a share placing aimed at raising £17.5m.

The companies it is buying - Network Partners Holdings, MXC and their subsidiaries - are involved in providing IT networks to public and private sector organisations in the UK. Chief executive Maurice Healy said this was Calyx's largest acquisition so far and firmly established it as a force in the UK market.

Calyx will pay an initial £33.5m in cash, and will also issue new shares to the value of £2m when the deal is completed. A further £5m depends on certain profit targets being achieved. Calyx says the companies it is buying had earnings of £4.4m on turnover of £35m in the year.

Calyx is raising £17.5m by placing 25 million shares at 70p per share, with £11.5m of this going towards funding the Matrix acquisition.

The company said it had also decided to take a Dublin listing, as a euro-denominated facility would boost liquidity in the shares. An EGM of the company will be held in Dublin's Crowne Plaza Hotel on Friday June 9, as the deal is classified as a reverse takeover. Trading on the IEX is expected to start on June 12.

[tole] 17/5/2006 07:26

Acquisition of the Matrix Companies for up to #40.5 million

Placing of 25,000,000 Placing Shares at 70p per share raising #17.5 million

Admission to trading on AIM and IEX

and

Notice of Extraordinary General Meeting


Calyx, the largest single-source provider of information and communication
technology ("ICT") network solutions throughout Ireland, today announces that it
has agreed to acquire, subject to Shareholder approval, the entire issued share
capital of Network Partners Holdings and MXC and their subsidiaries ("the Matrix
Companies") from Matrix Communications Group plc ("the Seller").


The total consideration for the Acquisition will be up to #40.5 million (Euro59.4 million), to be satisfied by an initial cash consideration of #33.5 million (Euro49.2 million) and the issue of Calyx Ordinary Shares to the value of #2 million (Euro2.9 million) on Completion, and payment of a deferred consideration of up to #5 million (Euro7.3 million) contingent on the achievement of certain performance targets.


In addition the Company has today announced that, along with the joint listing
of the Company on the Irish Enterprise Exchange ("IEX"), it is raising #17.5
million (Euro25.7 million) by way of a Placing of 25,000,000 Placing Shares at 70 pence (Euro1.027) per Ordinary Share. Of this approximately #11.5 million (Euro16.9 million) is to provide funds for the payment of the cash element of theconsideration for the Acquisition.

Evolution Securities acted as NOMAD and Broker, and Davy Stockbrokers acted as
IEX Adviser and Broker.

Highlights

*Calyx will, subject to the approval of Calyx's and the Seller's
shareholders, acquire Network Partners Holdings and MXC and their
subsidiaries from Matrix Communications Group plc for a total consideration
of up to #40.5 million.


*The Matrix Companies are engaged in the consultancy, design, supply,
implementation and ongoing support of ICT network solutions, across
different technologies, to the public and private sectors in the UK.


*The Matrix Companies' customers include the BBC, BAR (Honda F1),
Vodafone, Betfair, Party Gaming, and ARM.


*The Enlarged Group Board believes that the consolidated turnover and
EBITDA for the Matrix Companies for the year ended 31 October 2005 was #35.1
million and #4.4 million respectively.


*Calyx is raising #17.5 million by way of a Placing of 25,000,000 shares
at 70 pence (Euro1.027) per Ordinary share.


* The Group has also decided that it would be appropriate at this time to
seek admission to the Irish Stock Exchange's IEX market. It is expected that
liquidity in the Ordinary Shares will be enhanced by the provision of a
euro-denominated quote and trading facility. Trading on AIM and the IEX is
expected to commence on Monday 12 June 2006.


* Following the Acquisition and subject to Shareholder approval, Calyx
proposes to elect Ian Smith as a new Non-Executive Director of the enlarged
Calyx Group.

- Mr Smith (42) is Chief Executive and co-founder of the Seller, prior
to which he ran the UK and Ireland operations of Foundry Networks, a
California-based designer and manufacturer of computer network equipment.


* In total the Company has received irrevocable undertakings to vote in
favour of the resolutions to approve the Acquisition from 58% of Calyx
shareholders and from 31% of the Seller's shareholders.

* An Extraordinary General Meeting will be held in the Crowne Plaza Hotel,
Dublin Airport, Northwood Park Santry Demesne, Dublin 9, Ireland on Friday 9
June at 10:00am.


Commenting on the Acquisition and Placing Maurice Healy Chief Executive of Calyx
said;

"This is our largest acquisition to date and firmly establishes Calyx as a force
in the UK ICT market. The combined strength of Calyx and Matrix provides a more
complete service for our customers, from ICT infrastructure through to
information security as well as positioning the Group in the much sought after
networked ICT services market.

The scale of the Group and the broad customer base, across both Ireland and the
UK provides an excellent platform for continued organic growth. The foundation
has now been set to roll out our enhanced service offerings which will greatly
benefit our customers.

I am grateful to our Shareholders and the investment community for their
continued support, and I look forward to trading on both the AIM in London and
the IEX in Dublin."

[tole] 15/5/2006 07:26

No RNS sofar on this bit of news...



For the record 12 May
Friday, May 12 2006
by Sylvia Leatham

"E-learning giant Skillsoft has appointed Dublin-based Calyx Training as its sole re-seller in Ireland. Thanks to the deal, Calyx said it can now offer 3,500 online course options to Irish companies, including IT training, project management and business skills training."

[tole] 11/5/2006 11:41

Small mention in Shares

'Irish IT services, consultancy and training provider has made four aquistions and clinched a big BT Ireland contract since March 2005 floatation. New network operations centre should ensure foundations remain strong'

[tole] 06/5/2006 14:30

Calyx Rounds Off A Great Year With A Big Move
Date: 4/5/2006

Calyx has moved from our old building in Santry to a brand new state-of-the-art building less than a mile away. In addition to more space (and more parking), there's a client courtesy room, extensive new training facilities, a seminar room, meeting rooms and of course our Network Operations Centre.

The move caps an incredible 14 months for the Group: We successfully floated on the stock exchange and made 4 important acquisitions, including one that took us into the UK for the first time. We also built and launched the industry's most advanced network operations centre to enhance our support services. We brought a new telecommunications solution to the SMB market in conjunction with BT and we have restructured internally to make the business more efficient.

It's an important development from your perspective too because our new facilities mean an enhanced customer service and a broader range of advanced ICT products.

[tole] 01/5/2006 22:32

Anyone know whether Calyx gets an update in Techinvest this weekend?

[tole] 25/4/2006 15:10

Someones buying with that 710k cross trade at 77.5p - institution interest perhaps.

Breaking new highs now - and the price is still under the 82p that someone bought into last week :)

[tole] 19/4/2006 12:49

Someone extremely keen here 11500 @ 82p - thats 5p over the full offer price.

[tole] 30/3/2006 09:15

Unfortunatley cant access Evolution research - though I believe they have a price target of 90p on calyx.