WARNING Please note I have not verified the information contained in this thread so PLEASE DO YOUR OWN RESEARCH
Seymour Pierce forecast for current financial year is 5.9p eps on a 20% tax charge....dividend forecast 1.77p.......Prospective p/e is 6.7 ...@39.5p
Spectrum is a payphone cash cow, of which declining income is being arrested by innovations such as advertising, ATM's, Microcells & Wi-fi, in street payphones. Cash is being invested into the highly profitable & high growth Interactive divisions, which are making an increasing impact in terms of percentage of turnover & profits for the group

From Investors Chronicle 7-14th October 2006:

Spectrum is switching between two quite different telecom businesses. On the one hand, it operates over 9,000 payphones (over half of which are in London) whose revenue is rapidly diminishing. On the other hand, income from internet terminals and wireless internet links in hotels and airports is rapidly increasing. So in 2005-06, profits from payphones more than halved to 749,000, while income from internet terminals jumped from 211,000 to 511,000. And these trends will continue as the company is spending no working capital on the payphones, but over 2m this year supplying 80 internet terminals a month in the UK and Germany as well as wiring 10 hotels a month with wireless networking. To date 300 hotels have been wired including Travelodge and Premier Travel Inns, covering 30,000 rooms.

Before goodwill amortisation and one-off costs, last year's profits were little changed at 2m. If there's no goodwill charge this year, brokers think that profits could rise to 2.5m on sales modestly higher at 18.4m. But in place of a nil-rate tax charge (and a 734,000 deferred tax credit in 2004-05) there could be a 20 per cent tax charge. So broker Seymour Pierce is only looking for earnings of 5.9p a share and a little-changed dividend. BUY.

Interactive turnover up 124% ...Interactive profit up 143%....for 2006.



AIM index: Pink Fixed line telcos index: light blue.
Key to annotations
(1) 11:59 08/06/2006 - Holding(s) in Company
(2) 16:22 09/06/2006 - Directorate Change
(3) 15:30 19/06/2006 - Director/PDMR Shareholding
(4) 09:41 19/07/2006 - Holding(s) in Company
(5) 16:56 01/08/2006 - Trading Update
(6) 07:03 11/09/2006 - New airports agreements
(7) 07:00 27/09/2006 - Final Results
(8) 07:00 18/10/2006 - 5m Airport contract
(9) 16.28 20/10/2006 - Lord Young buys 1,153,846 shares at 39p
NOVEMBER 2006

-------------------------------------------------------------------------------------------------------------------------
Banking agreement signed until 2011
-------------------------------------------------------------------------------------------------------------------------
OCTOBER 2006

-------------------------------------------------------------------------------------------------------------------------
Continued success for Spectrums payphone media with record media sales month
-------------------------------------------------------------------------------------------------------------------------
Simon Alberga, Executive Director of Spectrum, bought 113,012 shares at 44p
-------------------------------------------------------------------------------------------------------------------------
Lord Young buys 1,153,846 shares at 39p and takes his holding to a maximum 29.9% (@30% you must bid) & now holds in excess of 10 million shares.
-------------------------------------------------------------------------------------------------------------------------
BAA, the world's leading airport company, has awarded a new seven airport internet kiosk contract to Spectrum Interactive plc, estimated to be worth 5m, following a competitive tender process
-------------------------------------------------------------------------------------------------------------------------
Spectrum Interactive have installed two internet kiosks and WiFi service with Coffee Mania at the Wales Millennium Centre (Cardiff).
-------------------------------------------------------------------------------------------------------------------------
SEPTEMBER 2006

Spectrum Interactive have recently signed an agreement with HSBC to trial up to 16 ATM / Payphones Kiosks
-------------------------------------------------------------------------------------------------------------------------
Spectrum Interactive plc have secured its largest coverage street media deal, untilising over 85% of its street payphone kiosks.
-------------------------------------------------------------------------------------------------------------------------
Spectrum Interactive plc is to install Internet Desks at London Luton Airport, resulting in Spectrum operating Internet Desks at all five of London International Airports, (Heathrow, Gatwick, Stansted, City and now Luton).
-------------------------------------------------------------------------------------------------------------------------
Spectrum has taken the opportunity offered by BAA, to add an additional Internet Retail Shop at Heathrow T1 Arrivals.
-------------------------------------------------------------------------------------------------------------------------
Blackpool International Airport (UK's fastest growing) is to get Spectrum Interactive's public access Internet Desks as new services to its increasing passenger numbers.
-------------------------------------------------------------------------------------------------------------------------
AUGUST 2006

Further to the success of an initial trial, the University of Sunderland have requested extra CCTV cameras to be added to their existing Spectrum CCTV WiFi network.
-------------------------------------------------------------------------------------------------------------------------
Spectrum Interactive plc's Media team have rolled out another highly popular and eye catching campaign, promoting 'Sinatra', the hugely successful London Palladium show. Over 200 central London payphone sites have been selected
-------------------------------------------------------------------------------------------------------------------------
Landscove Holidays have just signed with Spectrum Interactive Internet services.
-------------------------------------------------------------------------------------------------------------------------
Spectrum are pleased to announce that St. Christophers Inns, a longstanding customer, have renewed their contract with Spectrum Interactive internet services after reviewing the market place and competition.
-------------------------------------------------------------------------------------------------------------------------
Spectrum are pleased to announce the completion of their installations into nearly 170 Premier Travel Inn hotels across the UK. The installations include Internet Desks in reception, and WiFi through the hotel and bedrooms.
-------------------------------------------------------------------------------------------------------------------------
Spectrum are to operate Internet services for Bristow Helicopters, the heliport at Aberdeen Airport, where Spectrum already exclusively provide internet desks as part of their (7 airport) BAA internet desk and payphone agreement.
-------------------------------------------------------------------------------------------------------------------------
Bristol Airport have signed a new five year contract to extend their relationship with Spectrum Interactive. As part of the new agreement Spectrum has doubled the total amount of Internet kiosks at the airport
-------------------------------------------------------------------------------------------------------------------------
Spectrum Interactive plc are pleased to announce the acquisition of the business and assets of iyonder Limited.
-------------------------------------------------------------------------------------------------------------------------



SNAPSHOT OF FACTS

Wi-fi in 30,000 rooms
37 ATM's + agreement for upto 16 with HSBC
1897 Internet terminals
511 Wi-fi spots
Internet & Wi-fi in 21 Airports
Directors own c55% of shares.
Last Director buys:
100,000 bought @ 24p by CE in June 2006.
1,153,846 bought @ 39p by Chairman in Oct 2006.
Executive Director of Spectrum, bought 113,012 shares at 44p Oct 2006


SPECTRUM WEBSITE

E

Whats the P/E now Peter 5 to 6?.

Way too cheap.

Oh you're in golfinger.

Excellent.


Prospective p/e is circa 5.6 right now.

steady as she goes.

Ive been in since our conversation on the old post Peter. 35p now and looking strong..............NICE.

Good for you Roger

36.5p now I think stock is a bit tight.

Yup moving nicely Peter.

Mickey Skint did you buy in?, should be in profit already if you did.

The golden cross.............

Up nearly 9% on the day and theres a lot more to come.

Excellent up 2.5p before 9am.

+3.5p now

Still only on a p/e of 8.4 at 50p, if brokers forecast is met.

Current share price 40p.

Still going nicely on a bad day in general for small caps.

Not sure about the header peter, should it be changed now?.

Yes guess so, but Im stuck now, bcz I can't edit it.

PRESS RELEASE

BAA award seven airport Internet Kiosk contract worth 5M to Spectrum Interactive plc




BAA, the world's leading airport company, has awarded a new seven airport internet kiosk contract to Spectrum Interactive plc, estimated to be worth 5m, following a competitive tender process. Spectrum already operates over 200 internet kiosks within the BAA estate and also provides payphones to each airport. This new contract will commence in 2008 and extends the company's leading position in the UK airport market through to 2011.

Importantly, the agreement also includes rights to install new units into Heathrow Terminal 5 which opens in March 2008. Terminal 5 alone is expected to service around 30 million passengers per annum by 2010.

Mark Lewarne, CEO Spectrum Interactive commented, "We are absolutely delighted to have been awarded this prestigious contract. BAA is a long standing Spectrum partner, and we have worked extremely hard to offer a superb package of good design, service and operational support to suit the demands of some of the busiest airports in the world. Securing this contract and extending our relationship with BAA into Terminal 5 allows Spectrum to invest further in new design and product features. We look forward to a long continued association with our partner BAA."

Colin Hargrave, Managing Director, UK Airports BAA, said: "BAA is committed to offering the very best airport experience to passengers, and we demand the same approach from our partners. Spectrum has always been a strong partner with superior levels of service, innovation and marketing initiatives, and with demand for internet services at our airports increasing rapidly, we are confident that Spectrum is ready to meet these challenges and further develop this growing market."

Commenting on the design of Spectrum's latest internet areas Mark Lewarne added, "This is a very significant win for Spectrum, and it indicates that the company has got the right blend of product, design and operational experience. The award of Terminal 5 is particularly exciting. BAA demanded only the very best partners for this project, and Spectrum's new T5 designs had to meet and exceed BAA's expectations. We'll be setting new standards of design and service features for T5, which will be a benchmark for future airport installations."

Colin Hargrave, Managing Director, UK Airports BAA, said: with demand for internet services at our airports increasing rapidly

YUP excelent news.

Spectrum Interactive wins 5 mln stg contract from BAA to install internet kiosks
AFX


LONDON (AFX) - Spectrum Interactive PLC said it won a 5 mln stg contract from BAA, the airport operator owned by Spain's Grupo Ferrovial SA, to install internet kiosks in BAA's seven UK airports.

The company, which operates payphones and internet terminals in the UK and Germany, said the contract will commence in 2008 and includes rights to install new kiosks in Heathrow Terminal 5 expected to open in March 2008.

Spectrum already operates over 200 internet kiosks within the BAA estate and also provides payphones to each airport.



newsdesk@afxnews.com

tfn-ban-ssr/lam

Peter if you contact Ian above on the contact button, he will change headers for you.

A lot of buying going on.

Surprisingly ending the day down after the RNS yesterday, but ticking back up now

Yup and I got a load more 1st thing this morning, NICE.

Some big buy volume here.

THE TIMES
The Business Editors Commentary Column:
*Despite all odds, the Dow still gets it right.
*Smart turn (Reuters (RTR.L)).
*Hawks circle (Interest rates).

Smaller Stock to Watch:
*Spectrum Interactive (SIN.L).

The Times October 19, 2006


Smaller stock to watch


Spectrum Interactive, the AIM-listed provider of payphones and public access wi-fi terminals chaired by Lord Young of Graffham, fell 3p to 35p, despite winning a 5 million contract from BAA to operate internet kiosks at seven of its airports. The deal, which begins in 2008, includes rights to install kiosks at Heathrows Terminal 5, which is forecast to handle about 30 million passengers a year. Spectrum, floated last year at 30p, operates more than 200 kiosks across the BAA estate.

NB, MOVED UP 2p TO 37p ON ABOVE COMMENT.

Just ticked up............. NICE.

just read through the thread, may I ask what the future view to this share (target price and timing)? Thanks very much. :-)

vote of confidence from Lord Young a max 29.9%, announced 2 minutes before close:

Spectrum Interactive PLC
20 October 2006


Spectrum Interactive plc

Director and Other Shareholdings

Spectrum Interactive plc ('Spectrum' or the 'Company') has been informed today
that Lord Young of Graffham, Chairman of Spectrum, yesterday purchased 1,153,846
ordinary shares in the Company at 39p each. In addition, Lord Young has
transferred 515,238 ordinary shares in the Company to the David Young Charitable
Trust (of which Lord Young is a trustee with no beneficial interest) for nil
consideration.

Lord Young now holds 10,171,051 ordinary shares in the Company which represents
29.99% of the issued share capital.

The Company has also been informed today that Yoav Kurtzbard yesterday sold
1,153,846 ordinary shares in the Company at 39p each and now holds 1,444,614
ordinary shares, which represents 4.26% of the issued share capital

swsen

I would think as Interactive side takes over we would get a growth p/e of something like 16 or 18, and a shareprice of around 1, that will be late 2007 though in my opinion after next years finals.

That stake (annouced at 4.28pm) cost about 6p short of 450,000. Also the price was 35-9 when he paid 39p, a huge vote of confidence in my opinion.

Never mind the vote of confidence, just what is his game?.

A takeover on the cards here?.

Highly unlikey imo. He backs & often chairs companies, Accident Exchange is another example, very successful too.

Thanks Peter.

100,000 at 43p bht & 200,000 @ 40p bought this am, what's a 'K' trade though?

K trades a block trade.

Bombing this morning. Up circa 12%.

NICE.

Heavy volume coming in.

GF

Is the smart money already in on this one. Tracked it for a few days took my eye off the ball and the best price I can now get is 45p. When stocks increase at this rate then they can come off a bit. Any thoughts?

MS

Bloody hell Mickey you were trying to get in here at 28p or so.

_uck I thought you were in. Jesus man, ag hhhhhhhhhh.

Back to reality, yup its still way undervalued but that doesnt mean there will be the odd pull back.

If you are asking is there more in this a big YES, but be patient as ever.

Cheers GF.

Spectrum Interactive plc

Director and Other Shareholdings

Spectrum Interactive plc ('Spectrum' or the 'Company') has been informed that
Simon Alberga, Executive Director of Spectrum, yesterday purchased 113,012 ordinary
shares in the Company at 44p each. Simon Alberga now holds 2,712,223 ordinary
shares in the Company which represents approximately 8.0% of the issued share
capital.

The Company has also been informed that Yoav Kurtzbard yesterday, in aggregate,
178,205 ordinary shares in the Company at between 42p and 43p each and now holds
1,266,409 ordinary shares in the Company, which represents approximately 3.74%
of the issued share capital.

thanks for reramping my old thread, this is looking very good still on a pe of less than 5!!

I hope u meant revamping!!

lol, yes i did!!! hope it doesnt turn out to be a 'freudian slip'

Thanks Peter for 20 Oct 2006 17:30 - 26 of 39,

a bit late to get, will wait for its puul back as what GF said.

In the meanwhile I am widely searching some other 'nice' stock, any suggections? I am saying here coz I read all you guys in other thread, and always pick the right stock.

Many thanks
seun

Have a look at kenmare resources KMR 36p at the mo.

thanks kivver.

Usually a good sign....

Spectrum Interactive director Simon Alberga ups stake to 8 pct
AFX


LONDON (AFX) - Spectrum Interactive PLC said its executive director Simon Alberga increased his holding in the company to 8 pct or about 2.71 mln shares after buying 113,012 shares in the company at 44 pence each yesterday.

Shareholder Yoav Kurtzbard yesterday bought 178,205 shares at prices between 42 and 43 pence per share, lifting his stake to around 1.27 mln shares or 3.74 pct.









newsdesk@afxnews.com

Spectrum Interactive PLC
24 October 2006


The following announcement replaces the announcement issued under RNS number
9148k at 7am on 24th October 2006, which has been amended to include the word
'sold' in the first line of the second paragraph.

Spectrum Interactive plc

Director and Other Shareholdings

Spectrum Interactive plc ('Spectrum' or the 'Company') has been informed that
Simon Alberga, Executive Director of Spectrum, today purchased 113,012 ordinary
shares in the Company at 44p each. Simon Alberga now holds 2,712,223 ordinary
shares in the Company which represents approximately 8.0% of the issued share
capital.

The Company has also been informed that Yoav Kurtzbard yesterday sold, in
aggregate, 178,205 ordinary shares in the Company at between 42p and 43p each
and now holds 1,266,409 ordinary shares in the Company, which represents
approximately 3.74% of the issued share capital.

hi guys,
It may be a silly question - what was the reason of its previous drop from abt 95p in May 2005?

Many thanks
sws

I believe it lost a lot of value for the following reasons:

1) The Ex-CEO for Germany, was selling shares & Germany has struggled, nothing major but a small loss at full year results.

2) ATM's were expected to grow at the rate of 150 in the first year, but sadly planning restrictions has stifled that growth level to a much more modest one.

3) Actual payphone revenue declined around 17%, if you check the prospectus it had been falling a steady 5% or so for several years, so quite a big downturn despite mobile phones being well established. However payphone revenue decline was arrested to something much more reasonable like 5 or 6% over the year due to ATM's advertising in Street paypones (up 32% year on year) and Wi-fi & Microcells.






Now we have had a review that has cut costs in line with payphone revenue, a London Office has been closed, I think payphone profit because of this, will actually be UP this year.


Also with 3 different directors buying at 24p, 39p & 44p. you have to think that everything must be now looking pretty good after the cost saving measures.

Thanks Peter,
guess this has long way to grow through this year, any view of its potential price?

Late to the table but I'm in.

LOL
MS

Good to have you aboard Mickey.

PS, wheres Doughboy these days?.

Lost all his dough GF. If you want what is one step from a punt a real poo or bust take a look at FRR, EK is in but I'm not sure if I've got big enough balls. They are drilling for oil in some god forsaken place. The oil is there in a massive quantity but it's getting at it.

LOL
MS

Is that the one where he was kicked off the board?.

swseun


Hard to call, I expect 65p by December, 1+ by next year.

GF

No that was Kryso.

MS

Peter

I haven't come across your postings before. You have obviously put in a lot of work on this one and know what you are talking about. Many thanks for that and keep up the good work.

LOL
MS

mickeyskint, you're welcome :-)

thanks Peter, 65p by dec is very good!! 50% up from now on.
Buy stronger than sell today, even only few trades. Hard to see if it will drop back tomoro... of coz if it does ... then good to me haha...

swseun

Looks ready for a tick up.

PRESS RELEASE

Continued success for Spectrums payphone media with record media sales month



Spectrum's latest London Media Campaign, utilising high profile location kiosks, booked by Gen Outdoor, advertised the successful Motown West End show 'Dancing in the Streets". As part of their ongoing outdoor advertising activity 150 key sites were booked in the West End.

In addition, September 2006 saw Spectrum's Media Team it's best month ever for advertising sold on telephone kiosks. This comprised of winning new clients as well as re-signing existing customers for permanent 'sandwiched' advertisement as well as short term campaigns like 'Dancing in the Streets' which are temporary 'stick-on' advertisements.

With over 1,800 phone boxes across the UK, Spectrum Interactive's Media Team are able to ensure high profile and high frequency promotion in a cost effective way, offering a variety of packages nationwide.

For more details on Spectrum Interactive Media Packages media@spectruminteractive.co.uk

Excelent trading update, and there still as cheap as chips. Forward P/E of 7.

Giving them away at this price.

PRESS RELEASE

Spectrum's new banking agreement enables further investment in company's Internet Business

No image No image

Spectrum Interactive plc (AIM:SIN), the public internet and payphone operator, is pleased to announce that it has agreed a new five-year banking agreement with Bank of Scotland Corporate which extends Spectrum"s existing 5.4m of senior loans to 2011. Bank of Scotland has been the company's senior debt provider since 2002.

Mark Lewarne, Spectrum's CEO said today, "This is an excellent development for the company. It strengthens our long-term relationship with the Bank of Scotland and enables us to invest more in our growing interactive business and target additional acquisitions. It is also a significant vote of confidence by the Bank in our long-term strategy.

Daryll Windsor, Director of Relationship Banking at Bank of Scotland also commented, "We are very pleased to be extending our agreement with Spectrum. We have a successful, long-standing relationship with the Company, and we are confident this new deal will assist the company in continuing to develop its growing interactive business."

Nice one Pete.

Additional acquisitions. Sounds like might sort of stuff.

GF, I have recently been pointed to take a look at SIN and found that you are on here, always respected your views. It appears that general view is too cheap with growth potential but do you feel that growth will outstrip decline of payphone revenue?

Most certainly Andy, but its also nice to have assets that produce cash flow like the underlying business.

Far too cheap I beleive.

Topped up this morning looks like a new leg up is about to happen

Cant be far off of moving now, surely.

Up I meant.

Gf, the only question in my mind is what is the next news to drive the sp higher or will it be sentiment? Is the sp 43.5p after the recent director buys and is this likely to fall back before pushing higher?

1800 Internet terminals
460 Wi-fi spots


Updated in header to 1897 & 511 (source spectrum website)

Peter, hows about a new thread showing the Companys name and also transfering historic news over?.

We seem to have come to an halt.

Posters pass by because they dont know the companys name I feel?????????????.

What say you?, come on lets get some more energy in.

Regards Roger.

I agree GF the thread list needs the name. A bit of buzz perhaps a naked picture of me holding my investment.
LOL
MS

Roger feel free, no probs.

According to Mail on Sunday, Travelodge has 250,000 rooms & intends to double its number of hotels in the UK in the next 3 years (2010)and expand on continent as well.


Very very good news for spectrum.



(from Investors Chronicle last month: "To date 300 hotels have been wired including Travelodge and Premier Travel Inns, covering 30,000 rooms.")

Very good news indeed.

Plenty of growth left in these.

Chaps refering to a change of the header, what about this........

"Spectrum Interactive, A Leader In The New Communication Revolution".

I think we have to get the companys name on the header list, any thoughts?.

I agree GF. This is a success story starting to unfold and as more news starts to flow the sp should go up.

MS

I will contact Ian and ask him if he can change the header for us.

Cheers Gf.

goldfinger,

thanks for you E mail as Peter J Hippey seems to have ok'd this in a previous post I have changed the title.

Ian

many thanks IAN.

pectrum Interactive PLC
15 November 2006


Spectrum Interactive plc

Holding in Company

Spectrum Interactive plc (the 'Company') was informed yesterday that RRD Limited
(of which Mr Y Kurtzbard is a beneficiary) sold 50,000 ordinary shares in the
Company on 14 November 2006 at 43p each and RRD Limited and Mr Kurtzbard no
longer have a notifiable interest in the Company's ordinary shares.

Is that the big seller out of the way now then?.

PRESS RELEASE

Keep up-to-date with Spectrums News ... now by SMS


Spectrum annouce their latest way to enable investors and interested parties to keep updated with news and events. Spectrum's latest news service is the SMS News Alert.

Simply by texting "spectrum news start" to 60300. The mobile will then be added to a group to receive "News Alerts", giving latest headlines, and prompts the recipient to check the Spectrum website for the full story. For more information visit spectruminteractive.co.uk/sms

FYI The text to 60300 will cost standard text cost. Any text from Spectrum will be at no cost to you.





Wanting to help you keep up-to-date with Spectrum ...

Our latest news service is our SMS News Alert. Simply text "spectrum news start" to 60300. Your mobile will then be added to a group to receive "News Alerts", giving you latest headlines, and prompts to check the website for the full story. Please visit spectruminteractive.co.uk/sms

FYI your text to 60300 will cost your standard text cost. Any text from Spectrum will be at no cost to you.

If/when you're online, simply visit spectruminteractive.co.uk/news to get the "latest news".

Did you know that Spectrum also has a RSS News Feed? An RSS feed brings the latest news direct to your desktop, homepage or news reader. For example, get Spectrum news appearing on your Google page! Find out more, and get the RSS feed by visiting spectruminteractive.co.uk/rss.

Finally, Spectrum also has an XML calendar!!! ... If you use an online calendar like "Google Calendar" (perhaps on your homepage), you can add the "Spectrum Interactive" calendar. The calendar will be used for less formal news items. Find out more at spectruminteractive.co.uk/calendar FYI The online calendar is also available as a static html page, so (if you don't have an online calendar) save the link, and regularly refresh the page!

No excuses in missing the latest news!

Last time they marketed their news service, we had a glut of news the following months so here's hoping!

Beat me to it.

SHIT, and just when I thought I hadnt got one this year..........

Spectrum Interactive PLC
27 November 2006


2006 ANNUAL GENERAL MEETING


Spectrum Interactive plc (SIN:LN), the public internet and payphone operator,
will hold its Annual General Meeting today at 12pm at Citigate Dewe Rogerson, 3
London Wall Buildings, London, EC2M 5SY.

Lord Young of Graffham, Chairman of Spectrum, will make the following statement
to shareholders:

The Company is making good progress in its transition from payphone operator to
being the UK market leader in the provision of public internet access. Our
internet kiosk service is now established in over 20 UK airports and over 500
hotels and our rapidly growing WiFi business now encompasses in excess of 30,000
hotel bedrooms, corporate apartments and university residences.

Trading in the UK business during the first quarter of this financial year has
been satisfactory with good growth of our internet business in line with market
forecast. Our internet and payphone services at airports have been in particular
high demand due to the increased delays caused by the security alert at all UK
airports in August, and I am able to report that we responded extremely well to
the demands this placed on the business. Although underlying payphone revenues
were below forecast during the quarter, PAC revenue (from 0800 calls) has held
up strongly and in addition our outdoor media business has seen a 17%
improvement on the prior period. In contrast, our German business, which
accounts for approximately 15% of our turnover, has experienced difficult
trading conditions, with payphone revenues falling faster than expected. We have
also found it more difficult to obtain growth of our internet business in
Germany, although we are confident that a recent change in management will
produce improved results in the second half of the year.

Since the year end we have also announced a new contract with BAA for internet
terminals, a very exciting win which secures our current business at 7 of the
UK's busiest airports through to 2011 and also includes the extension into
Heathrow Terminal 5 which opens in March 2008. We believe this contract to be
worth 5m over its lifetime based upon current revenues, although we expect the
potential to introduce new products and services during this period will add
considerable value to the proposition.


There were two further significant developments in the first quarter, firstly
our acquisition of i-yonder Limited which strengthens our WiFi business in terms
of contracts and expertise, and secondly, a restructured banking agreement with
Bank of Scotland which extends our relationship to 2011 and provides greater
flexibility for the Company to use existing cash flows to fund organic growth
and acquisitions.

In conclusion, we expect revenues in the first half to be higher than last year,
although profit will be lower in part due to some high-margin, one-off business
obtained last year which has not been repeated this year. Overall, we remain
confident that the development of our interactive business will lead to
reasonable growth being achieved for the full year.


Enquires

Spectrum Interactive plc +44 (0) 1442 205515
Mark Lewarne, Chief Executive Officer
Phillip Congdon, Chief Financial Officer


www.spectruminteractive.co.uk