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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Spirent Communications Plc | SPT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.60 | -0.35% | 169.90 | 13:57:37 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 171.10 | 169.60 | 171.90 | 170.50 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 17/4/2024 14:25 by marme Stock price has traded almost 10% below acquisition price, doesn’t seem normal. Assume it’s large investors cashing out and investing elsewhere. |
Posted at 06/3/2024 13:17 by masurenguy Spirent takeover deal has a feel of short-termismThe British tech firm is hardly selling up to its bigger US rival Viavi at a stock market high Sometimes, even a 61.4% premium doesn’t look overly generous. Spirent has just become the latest mid-cap company to join the London market exodus — recommending a 175p-a-share cash takeover from America’s Viavi, worth just over £1bn. You can see why the board, chaired by Sir Bill Thomas, agreed to it. How could they not put that offer to shareholders, even if the premium isn’t quite as good as it looks? The price includes a 2½p special dividend investors were getting anyway. Yet, despite the shares leaping 63% to an above bid 177p, Spirent’s hardly selling up at a stock market high. Rewind to January last year and the shares were topping 281p. The problem? Last year was one to forget for a group that tests, measures and and analyses kit for telecoms companies, cybersecurity outfits and, lately, the providers of cloud services. Telecoms makes up about 70% of Spirent’s sales, after some rocky trading updates, is last year’s figures: sales down a fifth to $474m, with adjusted operating profits falling 65% to $45.2m. Worse, the board expects a tricky telecoms sector “to last through 2024 and, potentially, into 2025”. Spirent’s advisers Rothschild and UBS called the deal “fair and reasonable”. And the board’s decision has a logic of sorts. All the same, even after the group’s below consensus half-year figures last August, UBS analysts retained their 244p price target — not cutting to 169p until October. The take-out earnings multiple of 29 times is off 2023’s depressed profits. Complete article: US rival eyes Spirent for £1bn takeover The FTSE 250 technology group has been offered an all-cash deal from Viavi Solutions Spirent Communications has a takeover target as its board agreed to back a £1bn offer from an American rival. The FTSE 250 technology group said the all-cash offer from Viavi Solutions recognised the underlying value of the business and delivered an attractive outcome for investors. Viavi’s offer at 175p a share represents a 61% premium for the business, and prompted Spirent’s shares to jump by 63.3%, or 68½p, to 177p. Sir Bill Thomas, chairman of Spirent, said the “all-cash offer recognises the underlying value of Spirent”. Viavi is a telecoms business listed on the Nasdaq in New York,and its deal is partly funded with $400m in cash from Silver Lake, a US private equity firm. Spirent said that the combined group could deliver annual cost savings of up to $75m. The announcement said: “[Viavi] anticipates that cost synergies will be achieved through the elimination or reduction of functions and expenses which have historically been related to Spirent’s status as a listed company that will no longer be required due to Spirent ceasing to be a listed company.” Graham Simpson, at Canaccord Genuity, said the offer was “at the bottom end” of any possible range of bids, and that Viavi was taking advantage of the profit warning issued by Spirent in October. “The offer is not particularly generous and strikes us as opportunistic given Spirent was trading at the 175p offer level 9 months ago, although that was before the October profits warning,” Simpson said. Complete article: |
Posted at 16/1/2024 10:49 by steeplejack Ordinarily,i'd be tempted to be a strong buyer with an eye to further recovery but frankly,the UK equity market appears anaemic and enfeebled.Yet,anothe |
Posted at 17/12/2023 08:53 by hamhamham1 ...For investors, this means small-caps that will benefit most from interest rate cuts present opportunity, especially given how cheap they are compared to larger peers. Lee noted that small-cap stocks are a particularly good buy relative to the value of the assets on their balance sheets, called book value.“On a price-to-book basis, [small-caps] are trading at where they were in 1999, relative to the S&P. And that was the start of a 12-year outperformance cycle,” Lee said... |
Posted at 30/11/2023 00:17 by masurenguy Spirent rises again after a testing time for telecomsSpirent Communications has done little to impress investors in recent months. The telecom tester’s profit warning in October, wiped almost a third off the value of its shares. How different the reception for the FTSE 250 company is now, after it marched to the top of the mid-cap leaderboard, saying it has won an “important strategic order”, worth $15m, with an unnamed “world-leading retail and investment bank”. The solutions and services provided by the Crawley-based company, which tests and measures devices and networks and helps businesses to navigate technologies such as 5G, will “significantly accelerate” the delivery of the bank’s new products and services to its customers, Spirent said. Jefferies said Spirent’s deal signifies a “reference point to help expand its revenues into the financial services sector, at a time when the telecom services sector is sluggish”. Spirent’s shares, which have halved in value since the start of the year, improved 5.9%, to close at 115¼p. |
Posted at 11/8/2023 15:30 by weaverbeever Investors chronicle has these as a buy. Tipped in this weeks magazine |
Posted at 09/2/2023 20:45 by shallwe Great write-up in Investors Chronicle this week, at least they understand the company. |
Posted at 13/8/2021 17:28 by chamer1 Not quite made it. I have been looking for reasons for the rapid increase this week, and it seems a tip in Investors Cronicle may have had an impact |
Posted at 18/1/2021 09:25 by cheaky monkey New investor here, nice update & sounds like special divi might be coming our way? |
Posted at 16/5/2017 15:33 by mashy2 Short TV clip Re: Spirent. Overiew of the business & market trends:hxxp://fmp-tv.co.uk/ |
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