11/02/2025 10:02

Emerging Companies Portfolio – Amendments

We are making several changes to the Emerging Companies Portfolio.

Read more

28/08/2024 09:27

Calix Ltd (CXL) 89c

The weakest position in the Emerging Companies Portfolio is environmental technology company, Calix, which is working hard on industrial decarbonisation and sustainability projects to improve the environmental impact of manufacturing essential industrial items like bricks. This was previously a high flyer; however, persistent cash burn has been a problem and continues to be.

Read more

29/01/2024 16:41

Calix (CXL) $1.825

CXL -22.01%: the green industrial technology company fell to 3-year lows today following news a project partner had halted progress on the implementation of Calix’s kiln technology. One of the world’s largest cement companies, Heidelberg, is shutting down its Hanover facility that was also planned as the site of Leilac-2.

Read more

30/10/2023 16:58

Calix (CXL) $2.49

CXL -11.7%: the green industrial technology company announced a licencing agreement with Bill Gates-backed Heirloom today, shares opened higher on the news however balance sheet concerns were only amplified by another deal which could drag the cash balance in the near term.

Read more

11/10/2023 16:40

Calix (CXL) $2.95

CXL +10.07%: the second consecutive day of strong gains for Calix has put a swift halt to the rout of the last ~2 months. The MD & CEO presented to the Bell Potter conference today with the notes from the presentation largely showing no new news, however, it did restore some confidence for the story.

Read more

27/09/2023 09:07

Calix (CXL) $2.88

The green industrial technology company has been struggling over the last few weeks with a largely uninterrupted fall since mid-August. There is no one reason for this ~40% drop – no broker downgrades or company news flow at least, so we have put this down to two reasons:

Read more

21/02/2023 16:57

Calix (CXL) $5.57

CXL +6.1%: 1H numbers from the environmental industrial technology company helped drive shares higher today. Revenue beat, jumping 20%, while gross profit fell marginally to $2.6m.

Read more

07/12/2022 09:35

Calix (CXL) $4.93

This is a stock that could do anything, and the loss of government grants has it down ~11% since we flagged it as a conviction buy. At the cutting edge of carbon reduction technology for industrial applications like cement production, Calix ‘should’ have a huge future, however, we are always cognisant that left-field events can hit companies that...

Read more

16/11/2022 17:26

Calix (CXL) $4.85

CXL -0.82%: the green industrial solutions company hosted their AGM today with shares slightly lower on the day. There was little new news from the company today, more so highlighting progress in their technology across cement & lime, mineral processing, water purification and biotech applications. They recently completed a $60m raise, and upside...

Read more

08/11/2022 17:14

Calix (CXL) $4.24

CXL +0.95%: today announced a relatively small $947,035 grant by the Australian Renewable Energy Agency (ARENA) to help fund a Basis of Design (BOD) and Front-End Engineering and Design (FEED) study for a renewably powered demonstration plant for its Zero Emissions Steel Technology (ZESTY). While that is clearly a mouthful, and the amount...

Read more