Spirent Communications Share Discussion Threads

[lyntwyn] 12/8/2006 09:43

Baronet1, you are correct, -I pasted from source - have edited and added source!

[baronet 1] 12/8/2006 09:42

Lyntwyn --- Source of article please and I think you will find it should read 60p and not 160p. TIA.

JB

[lyntwyn] 12/8/2006 09:28

A largely positive broker reaction to the group's in-line interims and optimistic outlook, dealers said. The telecom equipment testing company announced this morning that its pretax profits, excluding one-off costs and share-based charges in the six months to July 2, rose to 6.1m from a 1.1m loss a year earlier. Looking ahead, however, it said it expected only a "modest" increase in full-year revenue, amid variable market conditions and higher product investment. In reaction, UBS repeated its 'buy' recommendation and 160 pence target, arguing that revenues of 138.2m were better than expected, although margins came in weaker. The Swiss-owned broker also noted that the recent build-up of a 9.6% equity stake by Sherbourne Investors is likely to prompt management to accelerate ongoing company restructuring and spell out intentions for the future use of company's high cash balance. It noted however, that although the stock is trading at a discount to some of its US peers, management needs to accelerate current restructuring for the share to offer further upside. Arbuthnot also repeated its 'buy' recommendation, noting that although momentum is slower than it would like, realistically this is not entirely surprising and does not fundamentally change its view that the balance of risk is on the upside. Citigroup, meanwhile, reiterated its 'hold' recommendation, noting that the interims were better than expected at the group level. The US broker pointed out, however, that uncertain demand and product transition still lead to a binary investment case, saying either new products gain traction and drive rapid earnings growth -- or they do not, and the net cash balance erodes. Source -Investorease (subscribers only)

[gswredland] 11/8/2006 16:07

Cheers Martest..have a good weekend

[martest] 11/8/2006 12:48

MOLDM.Good to see you here after our foray at ELM.When news gets around in the press over the next couple of weeks concerning the pedigree of our New investors Sherbourne(Hanover)we will experience busy times Similar to the excitement and profits we all shared in at FOUR and ELM.The MMs will be very happy to take all the sellers cheap shares.The institutions and Hanover will be looking to increase their holdings.

[pdriccio] 11/8/2006 10:45

Just this guy, Bramson being appointed to the board should put 2p on the SP
Very impressive track record. And he loves paying Dividends. Maybe this is just the kind of help the Spirent board needs. Anyway we've got someone spending nigh on £36 million for a seat on the board. A real shareholder on the board, how refreshing. Must have big plans.
Any thoughts ?

[lyntwyn] 11/8/2006 08:07

Spirent

CONTINUING consolidation in the telecommunications equipment world has been causing Spirent some problems. Lucent has merged with Alcatel, while Ericsson has bought the bulk of Marconi.

The problem is illustrated by Cisco, another key client and keen member of the M&A club. Revenues from Cisco were down 35 per cent in the first half, against the same period last year. Sales to other key customers fell 19 per cent. By contrast revenues from remaining customers rose 13 per cent.

Changing technologies are also causing some turbulence. Spirent has invested money to keep up with changing demands, but new technologies bite into demand for older products. Market conditions should stabilise in 2007, and more new products will begin to emerge over the next 12 months.

Spirent has strong relationships with blue chip customers and should be well placed to take advantage.

A strong market recovery could bode well for the group, but recent years have taught investors not to take too much for granted. Only hold.

[martest] 11/8/2006 07:34

GSW good to be with you again.we were in ELM at roughly the same time and did well.SHERBOURNE is another vehicle of HANOVER and BRAMSON is chairman.Here's hoping that he repeats the same performance here.I have no doubt and no worry about investing here as we did at Four and ELM. Your views would be appreciated. Good investing.Sometime over the weekend or next week some shrewd analyst or financial reporter will discover the fact that Hanover(Sherbourne)have invested heavily in SPT and no doubt be mopping up any of the shares finding their way into the market from sellers and raise their stake to 15% before long.I dont think the 40s share price will be around too much longer so get a few now .

[gswredland] 10/8/2006 23:12

So Hanover have definitely invested in these?
Sold ELM this week

[martest] 10/8/2006 14:15

Spirent vastly improved and has attracted the attention of american turnaround wizard Hanover group who were respnsible for a rise inSPof 4 imprint since investing from 80p upto 250p when they left(now 350p) then invested in ELEMENTIS at 30p and left yesterday selling thier holding atabout85p.All done in a short time.This week they have invested in our company heavily at about 40p.The chairman Mr Bramson will no doubt get a seat on the board and increase shareholder value.looking for 100p sometime 2007.IMHO DYOR.THIS IS NOT A RAMP.check ELM & FOUR boards and you will find them Quiet and orderly.Lets see what happens in the next few weeks.

[lyntwyn] 10/8/2006 13:01

LONDON (ShareCast) - Telecoms equipment testing company Spirent heads the second line risers as it moved back into the black and said it expects an improved performance over the year as a whole.


You can take your pick from this lot!

* UBS has upgraded its rating for Spirent to buy with a 60p target

* Citigroup reiterates its hold stance on Spirent with a 45p target

Deutsche Bank has downgraded its rating for Spirent to hold from buy. It raises the price target (SPT) to 35p from 27.5p.

[pdriccio] 10/8/2006 09:49

Spirent Communications 41-3/4 up 1/4
UBS upgrades to 'buy' with 60 pence target

On the second line, Spirent took on 1/4 to 41-3/4, reversing initial losses,
as brokers warmed to in-line results from the telecoms technology group.
This morning, the group said pretax profit excluding one-off costs and
share-based charges in the six months to July 2 rose to 6.1 mln stg from a 1.1
mln loss a year earlier.
[e-mail]

[andaleg] 10/8/2006 07:48

That last reported sell at 42.23 (trade nunber 8) was a buy because that is the on-line buy price at the mo.

[prokartace] 10/8/2006 07:33

Is this thing gonna trade this morning?

[pdriccio] 10/8/2006 07:09

Of all the days to post good results eh?

[pdriccio] 10/8/2006 06:29

Not UBS they expected 5.2 mill profit

[bigboots] 10/8/2006 06:22

THIS IS WHY WE HAVE HAD THE RISE
ANALYSTS EXPECT PROFIT OF 1M, SPIREMT DELIVERSW PROFIT OF 6M

Spirent H1 profit up
LONDON (AFX) - Spirent Communications PLC, the telecoms equipment testing company, reported a rise in pretax profit but said that it expected only a "modest" increase in full-year revenue amid variable market conditions and higher product investment.

The Crawley-based company, whose technology is used by telecoms companies to test services including fixed line and broadband, said pretax profit excluding one-off costs and share-based charges in the six months to July 2 rose to 6.1 mln stg, from a 1.1 mln loss a year earlier.

Revenue rose to 138.2 mln stg from 126.5 mln.

The average analysts' forecast was for pretax profit of between 1.0-8.8 mln stg on revenue of between 129-141 mln.

[pdriccio] 09/8/2006 22:09

Andaleg

Volume is next to nothing based on UK t/o(and not a guide at all) but what interests me is the sentiment/inside info showing in the numbers in the US.
Would you not agree it's a bit strange 11%+ increase?
Anyway tomorrow's a big day, anecdotal evidence indicates good revenues. Profit's another issue altogether though. But should show a really strong balance sheet to work from.
A good basis for 'turnaround' experts to work with don't you think?

[andaleg] 09/8/2006 20:27

Near enough, however US volume is only about 1% of ours so not a good guide.

[bot53693752467] 09/8/2006 20:18

is that 45.5p?

[andaleg] 09/8/2006 20:11

Finished at $3.46 + 11.61% with the DOW down 97 points - Hmmmm

[pdriccio] 09/8/2006 17:50

This has got a lot further to run yet

Spirent traing at mo on NYSE

Open $3.10 +0.50 Trading $3.60 + 16.1%

Trades As 4 Ord Shares which equates to 0.47p

update.

Trading $3.65 + 17.7% = 0.48p

[lyntwyn] 09/8/2006 15:11

Graph looks good! Fingers & all crossed for tomorrow