Spirent Communications Share Discussion Threads

[davidjojo57] 02/8/2006 21:52

Hi,prev purchased spt at 37p 35p 33.75p and 33.5p. I will add to my holding down to 32p. watching this company for a while, and i now think this is a worth buying around these prices. My short term target is 38p, then possibly 43-45p if the results were better than expected.

[omalaha] 02/8/2006 17:07

lol!... actually the PNT chart is much worse. SPT used to be a good traders stock but it's a bit leary at the mo, missed the 33p offer...oh well...

[omalaha] 02/8/2006 13:11

pbracken - looks worse than the PNT chart! (and thats saying something). Waiting for an entry point: how low can it go?

[jimcar] 02/8/2006 13:10

Share buybacks are always of debatable value when the business is loss making. All it does is increase loss per share. They must indicate a return to profitability soon or else the decline could get steeper

[pbracken] 02/8/2006 12:38

Cash backing is only £150m; mkt cap is twice that. So, question is, what is the value of the continuing operations? Turnover is around £260m, but it lost £38m last year.

[bot53693752467] 02/8/2006 10:41

be careful, perhaps SPT leads next wave of ex-tech highflyers that trade below cash-backing

[raybald] 02/8/2006 10:39

omalaha,

Not sure on that.... looks like a sell....

nothing at 33.25 yet.

206K----------33.25 vs 33.75----------121K

388K vs 737K

[bot53693752467] 02/8/2006 09:13

still on the downward, sells stacked up on L2.

[omalaha] 02/8/2006 08:19

Raybald - if your watching, what did you make of that 1.2mill trade?

[thegrip1] 01/8/2006 16:56

bloody hell where did you lot come from?.........its been like the marie celeste round here for ages

[raybald] 01/8/2006 15:41

33.75 has been stacked all day while 34 has been constantly bitten by at least one bot, perhaps 2, as well as the usual broker trades.

Great for trading!

:o)

[bot53693752467] 01/8/2006 15:35

looks like only 2 buyers here, good luck

[raybald] 01/8/2006 15:34

JIMCAR - yes, seen them, but is it a planned and programmed buy-back? That was what I was asking....

This from the recent AGM would seem to answer the question.....

"That the on-market share repurchase programme through which the Company intends to return up to #50 million to shareholders, having been approved by shareholders, will commence shortly;"

They are now on 34mil.

SP will not move north until buyback complete - fill yer boots!

This is the oposite of dilution..... which is good news as far as I can tell.

I am accumulating.

DYOR etc etc etc.......

[bot53693752467] 01/8/2006 15:10

is FID still selling

[jimcar] 01/8/2006 15:07

raybald

If you look at the news section you will see a large number of "transaction in own shares" items. These are for approx 1m shares purchased each and every day. It is probably what is holding up the price

[raybald] 01/8/2006 13:19

146K---------33.75 vs 34.00---------59K

441K vs 673K

(but 350K of the offer is made up from 2 placings at 38.75 which will probably get pulled when the share price moves, so true ballance is more like 441K vs 323K)

[raybald] 01/8/2006 13:15

Not uncommon for a company to buy back shares as trearury shares when the MC is so far below the nett asset value.... apart from making them a quick buck it also helps protect them from aggressive takeover.

I think that if it was a buyback program we would know that they were doing it. Perhaps spmeone who has been watching more closely than me can confirm whether one has been discussed.......

I am just a trader taking advantage of an obviously undervalued position - not an investor. So if you'll forgive me, I will just make a quick buck myself and then leave it to you lot to worry about the fundimentals later!

:o)

[bot53693752467] 01/8/2006 10:47

do you think its SPT buyback programm

[raybald] 01/8/2006 10:18

Lots of business going on at 34p

Sellers are crowding the order book on L2, but a little buy robot seems to be in play knocking the sellers off one by one.

[raybald] 31/7/2006 16:31

Looks like SPT are holding the price down themselves to purchase treasury shares. saw the same thing with ARM last year, just before the price shot up 30%.

[hervey] 31/7/2006 15:25

L2 is terrifying... 241k v 1500k

[raybald] 31/7/2006 12:27

6p LOL!

Bottom about now IMO - not more than a penny or so to give in this - good support at this level.

[bot53693752467] 30/7/2006 20:42

could be a massive double bottom at 6p?