Have been watching this for a while - curious why the mcap is so low |
I think it relates to lack of confidence in the UK economy evidenced by the poor showing of UK small caps when compared with other international indices. Up to Brexit, the major concern of the uk government was the econamy, together with the NHS. This focus ahs been lsot since 2016 and the results are showing. There are other top class firms contining to fall IMHO |
The final buy-back of the 2nd tranche was on 25th August and the share price is continuing to fall. Does anybody have any information / ideas why the share price is continuing to fall. I thought they were meant to be a world class tech company🤔 |
Investors chronicle has these as a buy. Tipped in this weeks magazine |
The recent trading statement implied much better profitability than occurred. Jam tomorrow statements by this company have lost credibility. However if there is a gainn in momentum, they look good value now ---- for the brave! |
We seem to have been hit by a bus.
Anyone know why? |
 SPIRENT COMMUNICATIONS PLCTrading Update Strong second quarter order uptick London, UK - 13 July 2023: Spirent Communications plc ("Spirent", the "Company" or the "Group") (LSE: SPT), the leading provider of automated test and assurance solutions for next-generation devices and networks, today issues the following Trading Update for the period 1 January to 30 June 2023, ahead of announcing its Half Year Results on 2 August 2023. Highlights· Recovery in customer spending and order intake in the second quarter following a slow start to the year. Order intake in the second quarter broadly similar to same period last year· Orderbook has increased 6 per cent since December 2022 to $304 million· Increasing order pipeline and conversion rate with important 5G and Positioning wins· Near to closing a significant lab and test automation opportunity for a brand new strategic customer segment, Financial Services; master agreement in place and detailed work scope being finalised· Full year expectations unchanged although materially heavier weighting to second half· Continued disciplined approach to cost management Group performanceFollowing a slow start to the year, we saw recovery in customer spending and order intake in the second quarter. Order intake in the second quarter was broadly similar to same period last year. Order intake for the first half of $239 million was down 19 per cent against the strong 2022 comparator but has gathered positive momentum as we progressed through the period. We are actively monitoring our leading order-winning indicators that signal customer spend momentum and, although uncertainty remains with regard to timing, we expect this stronger momentum will feed into the second half and beyond. We are seeing increasing customer engagement, order opportunities and an improving pipeline. We have seen good order growth from our Positioning business, illustrating how end markets outside of the telecommunications sector have not been as materially affected by the industry wide challenges that have impacted customer spending. We are diversifying our customer base into new verticals and are currently in final negotiations to provide a significant lab and test assurance and services solution, worth over $15 million, with a major retail bank. This will establish a brand new customer segment that presents a significant opportunity for our solutions in a sizeable market. A material element of the contract will translate into revenue in the second half of 2023. Order intake momentum has not yet fed into revenue which for the first six months was $224 million, 20 per cent behind the same strong comparator period in 2022. As a result, operating profit in the first half was impacted by negative operating leverage which we expect to reverse in the second half. The orderbook has, however, grown since the record year-end position of $288 million to $304 million, demonstrating the continual progress made by the Group as it seeks to improve visibility and drive long-term, sustainable growth. We continue to secure many large 5G contract wins as the development of this technology and network deployments remain firm structural drivers underpinning our growth. We continue to take a proactive and disciplined approach to managing the cost base, with no increase in operating costs compared to the same period last year. As part of our ongoing focus on exploring efficiency opportunities, we are commencing a plan to rationalise our office facilities, recognising more remote work patterns. |
Chart. Is this a flag --- to go lower-- or a bottoming formation? |
So far this month Spirent have repurchased 2,829,565 of their shares to be cancelled. |
Not exactly positive for my recent acquisition of a stake in the company.
red |
Spirent’s bad news muddies re-rate, argues Deutsche Bank
Telecoms testing group Spirent Communications (SPT) has followed up a cautious trading update with a disappointing outlook statement, meaning a recovery next year is less clear, says Deutsche Bank. Analyst Robert Sanders retained his ‘hold’ recommendation and reduced the target price from 250p to 200p on the stock, which softened 0.3%, or 0.5p, to 176.5p yesterday. ‘The main culprit for a decline in sales in 2023 looks set to be the lifecycle services assurance segment, where key operators have been delaying decision-making mainly in lab testing as they scrutinise budgets and focus more intently on return on investment,’ Sanders said. ‘Secondarily, the device testing segment saw order delays.’
The slowdown in the roll-out of 5G has also hit the group, although Sanders said it was ‘a slight mystery’ why Spirent has ‘suddenly felt the effects of the slowdown in a few months when 5G has been facing challenges for some time’. He noted that a ‘rapid recovery into 2024’ is now ‘unclear’. |
Close to a three year low.Despite Broker recommendations and the support of the IC,the shares are conspicuously unloved.The recent update was perhaps just too candid as to the uncertain outlook.Tempting to buy if only for a technical bounce. |
thanks red |
Spirent raised to buy at Berenberg.
red |
Four directors and/or associates have purchased 95,105 shares collectively, since the annual results were published last week, at an average price of circa 181p. |
Am gonna sit back for the next few years and see what happens - won't be posting just observing - think I have a fair price for a great business |
Price just returning to fair value. Since 2019 eps increased by about 30% but price doubled. Was valued for perfection. Always at risk of a fall... |
I held Spirent years ago - in the red for a lot of the time but sold at 205 which gave a good profit. I have kept a general eye on them since, and watched the price go a good bit higher than that. Its a good quality business. Today I bought a few at a fraction under 180. It could fall further, and no doubt will if there is another profit warning. I expect I shall again be in the red for significant periods, but I think Spirent's time will come again. By then, I hope to have built up another decent sized holding. |
"The index tracking the UK’s large and medium-sized companies is now trading at a record discount of 40% to the US markets, putting on London’s standing as several firms mull a switch to Wall Street." The Times: 7 March 2023. |
Calnex clx dropped 31% today on news ! Don't hold either but will look at this to see where the bottom ish lies |
And £210m net cash on the B/SEquivalent to c32p a share |
I think this is another example of the London markets inability to properly value technology stocks. This low valuation leaves it open to a foreign (probably U.S.) takeover, with the Fx rate making it even more attractive. They get circa 50% of their revenues from the U.S. so it would be surprising if a U.S.fund wasn’t looking at them. I topped-up my holding today on this thesis. |
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