T.CTY = Must check this out.Just got in today , this looks like a real gem ready to explode. Making money and a P/E around 15. This has not hit the radar screen yet and $10 would still be a low P/E multiple.
Best news is that Canaccord is the major buyer today. This will be heading up after they shake out a few more shares.
Here's the latest from stockwatch:
Last 10 trades today Time X Price Chg Vol Buyer Seller
15:59:40 T 7.450 .450 1000 33 Canaccord 89 Goepel
15:59:40 T 7.450 .450 5600 33 Canaccord 2 DS
15:58:10 T 7.450 .450 100 7 Green Line 2 DS
15:58:00 T 7.450 .450 1000 63 National Bank 2 DS
15:56:30 T 7.450 .450 1000 63 National Bank 2 DS
15:56:00 T 7.400 .400 1100 7 Green Line 63 National Bank
15:55:30 T 7.450 .450 1000 7 Green Line 2 DS
15:55:20 T 7.450 .450 500 2 DS 2 DS
15:54:10 T 7.450 .450 500 33 Canaccord 2 DS
15:52:10 T 7.500 .500 900 7 Green Line 63 National Bank
Calian Technology Ltd -
Globe says strong quarter lifts Calian to six-year high
Calian Technology Ltd CTY
Shares issued 8,901,438 2000-02-03 close $7
Friday Feb 4 2000
The Globe and Mail reports in its Friday, Feb. 4, edition that Calian
Technology shares gained more than 9 per cent yesterday, capping a
two-day surge that followed the release of strong first quarter results.
The Globe's Simon Tuck writes that Calian stock finished off yesterday
at $7, its highest value since January 1994. Yesterday's jump also
followed the company's announcement that it has landed an $8-million
contract from XM Satellite Radio of Washington to design, manufacture
and install a system to encode and relay radio programming for a
broadcast satellite. Calian appears to be on a roll, with its earnings
showing improvement for 10 consecutive quarters and Bay Street starting
to take notice. Calian earned 11 cents a share on revenue of
$28.9-million during the first quarter that ended Dec. 31, up from 7
cents on $20.4-million a year earlier. Calian provides e-business and
other technology services, including management consulting,
telecommunications-systems engineering and outsourcing.
Calian Technology Ltd -
Calian Technology three-month results
Calian Technology Ltd CTY
Shares issued 8,901,438 2000-02-01 close $5.5
Wednesday Feb 2 2000
Mr. Shaun McEwan reports
Calian Technology had record net earnings for the quarter ended Dec. 31,
1999, of $1.1-million representing an increase of $491,000 or 81 per
cent over the $609,000 reported for the first quarter of the 1999 fiscal
year. The earnings per share were 12 cents basic and 11 cents fully
diluted as compared with seven cents basic and fully diluted for the
same quarter last year.
Revenues for the quarter were $28.9-million as compared with
$20.4-million for the same period last year representing an increase of
$8.5-million or 42 per cent. Gross margin for the quarter was 19.4 per
cent which represents an increase in absolute terms of 1.1 per cent from
the Sept. 30, 1999, year-end gross margin and an increase of 2.7 per
cent over the first quarter last year.
Consolidated backlog at Dec. 31, 1999, was $141.4-million with bookings
of $62-million for the quarter. This represents an increase of
$33.1-million over the backlog position as at Sept. 30, 1999.
"The financial performance of Calian was outstanding during the first
quarter," commented Larry O'Brien, chairman and chief executive officer,
"but what is even more exciting is that with record backlog and
substantial sales opportunities ahead, Calian is poised for yet another
year of record growth."
CONSOLIDATED STATEMENT OF EARNINGS
Three months ended Dec. 31
(thousands of dollars)
1999 1998
Revenues $ 28,928 $ 20,433
Cost of revenues 23,326 17,011
-------- --------
Gross profit 5,602 3,422
-------- --------
Selling and
marketing 1,543 805
General and
administration 1,977 1,180
Facilities 582 558
Amortization 512 354
-------- --------
Earnings before
interest and taxes 988 525
Interest income 132 93
-------- --------
Earnings before
taxes 1,120 618
Income taxes 20 9
-------- --------
Net earnings $ 1,100 $ 609
======== ========
Earnings per
share 12 cents 7 cents