Calnex Solutions Share Discussion Threads

[onjohn] 21/11/2023 07:15

Nasty result 🤢

[dr biotech] 09/11/2023 07:25

Unfortunately that’s just a ramp…

If profits can increase c30% on last years record, and the PE goes up to 25 then of course the share price will go up. You can say that about any company.

You can also say that other companies will join the market, telcos will be hit hard in any downturn, and they will cut forecasts again.

Not a current holder but on the watchlist. Was a good holding for me in the past.

[homebrewruss] 08/11/2023 16:37

It's been mentioned on twitter

[swiss paul] 08/11/2023 15:41

Somethink Leaked?

[se81] 27/10/2023 16:09

Someone wants to accumulate down here by the looks of it- being chased up with every buy- looks like CNKS have a large order to fill?

[swiss paul] 26/10/2023 10:32

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:

hxxps://www.investormeetcompany.com/calnex-solutions-plc/register-investor

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.

[fuji99] 19/10/2023 13:33

Unfortunately 5G or CLX sector is slowing down as flagged up by Nokia laying off up to 14.000 jobs:
(See multibagger bbc link)

[swiss paul] 18/10/2023 08:46

yep if anything they need to buy now. Dont see why not they have already made a profit and if they want more money in then they should invest now. Who knows they maght even make a profit in the future - as well

[eeza] 17/10/2023 10:18

Well the Directors certainly have no faith in prospects - hence the dump.

[owenski] 17/10/2023 10:12

One further thing for novice punters looking at the now historic PE ratio and thinking this looks cheap, firstly, PER's aren't the 'B' all end all valuation metric and are irrelevant in a situation when growth projections become uncertain.

The forward PE for next year could be as high as 70, it will definitely be well over 50 at today's current market cap - 35.5m

IMO

[fuji99] 17/10/2023 10:07

Owenski: Thanks for the summary of possible projections. IMO the silence is a precursor of a storm.

[owenski] 17/10/2023 09:59

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.

NAI

[redartbmud] 16/10/2023 20:28

VV fair comment.

1 buy to 5 sells today.
Looks like complete capitualtion.
Doesn't look like Instis, but we will see via Rns updates over the next few days.

I believed that it is a well maneged business, and was generating cash for fun.
If the orders cease, there is little to be done in the short term except ride it out.
cash in the bank and 'orders' still on the books that might be filled one day. The whole industry cannot stand still forever, and they have a reasonably healthy cash buffer... for now.

red

[value viper] 16/10/2023 18:14

Red - just from the real negatives posting I would guess only Don't have any insti evidence of shortsWould possibly be too small / illiquid for intis to playMaybe a holding in co RNS due

[thelongandtheshortandthetall] 16/10/2023 17:18

Lots of volume here today.
Might be the capitulation day.
Best of luck.

[redartbmud] 16/10/2023 17:14

VV

Evidence of short positions?

red

[owenski] 16/10/2023 16:43

Some dishonesty towards shareholders going on here in my opinion.

[eeza] 16/10/2023 16:41

They were in 'close' periods surely.

[skyracer] 16/10/2023 16:01

This was on my watch list. The trading update was dire. It just takes basic arithmetic to see that profit will be wiped out in FY24. And these situations ... they always get worse than initially admitted. FY25 seems a long long time. Had a look at director selling ahead of the two profit warnings, agree with earlier remarks the sales really stink and surely, surely, they were making use of inside knowledge that the company performance was deteriorating ??

[se81] 16/10/2023 14:19

Large prints just gone through- first potential attempt at a bottom here?

[fuji99] 16/10/2023 14:19

Sharesurfer1: I definitely agree with the red flags you pointed out. I think this will go far lower than where it stands now and I won't even be surprised to see staff leaving if it stinks rotten fish. IMO any business model without at least 50% visibility on revenues is doomed to fail as it survives in a probabilistic world - basically a lottery.