This one looks quite interesting - IDN



MACD and RSI both positive and a break through the top Bollinger should see new levels being attained.

Has been in a down turn for some time and for no specific reason. Brokers estimate an EPS of .26 for FY05 and .31 for FY06 on a rough guide PE of 15 and taking no consideration for tax benefits it looks very cheap. The company is profitable and Seymour Pierce have recently issued an outperform recommendation.

Price 03/11/05 = 2.3 to buy

You must be so desperate to get out of these knowing !

Everytime i try and read another share's thread on advfn i find you
spamming it with Idn, can you not give the ramping a rest
for one day please, god that advfn site is the pits these
days with crap from the likes of you and others like op23.

Just think how much time you wasted knowing trying to pump
your Idn on advfn last night.
Look at the trades, 3 hours have gone by and not one person
fell for your spamming and bought Idn, in fact there's been a
couple of sells and the price is down.
Quite amusing that so many pump and dump posters spend a
lot of wasted time on the bb's when not one person will believe
a word they say, the brainwashed suehelen is no1 for this.
Spamming sends out the wrong message, it is saying dont like
the stock you have got and you are too greedy to sell at the current
price so you want to ramp it and get a few punters to buy in and push
the price up so you can sell, is it really worth the effort knowing ?

mackem - my man in Reading has just gone into IDN,
and he didn't become a millionaire by going into dud stocks,
so knowing and me aren't as daff as we seem.
This is a consistant company and well run,
price early 2004 - 4.25, price early 2005 3.5p twice, price now 2.20p
do your homework before you have a go at Knowing,
and look at IDN's share price Feb 2006 and you will find knowing is right.

The issue was not about Idn but about the poster spamming
many threads on many sites trying to pump this stock.

I dont have any views on Idn but if Idn is or was such a good
thing then you would not be desperately trying to push it on
just about every penny share thread.

There's one thing i do know and that's if a person is spamming
several threads with the same post about how wonderful the
stock is they want out and quickly, it's a pump and dump and
knowing is well known for doing this.

mackem - I agree knowing should not be spamming other sites.

It is just as bad as advertising these rags where the shares are "exclusively traded in the US" which we see every so often on many threads. I saw one a couple of days ago joejoe5 and e-mailed "abuse@advfn.com" and they removed the post.

British Bulls say a confirmed buy, sure to get this one right,
even though they did tip EVS at 4p - what a mistake that was.

Well a bit light here with IDN.
Still wait for the update in 2 weeks and up she goes.

Nice piece of news

http://www.smallcompanies.co.uk/recommendations/22631/idn-telecom.thtml

Nice contract win just announced.

Where was this announced?

Contract with FSB

RNS Number:8857U
IDN Telecom PLC
30 November 2005


Press Release 30 November 2005





IDN Telecom Signs Contract with the Federation of Small Businesses



IDN Telecom, a leading provider of communication services to the public and
private sector, has today announced that it has signed a minimum 3 year contract
with the Federation of Small Businesses (FSB) to promote fixed line and mobile
services to its members. The FSB is Britain's largest business organisation
representing 190,000 small businesses in the UK and which exists to protect and
promote the interests of the self-employed, and all those who run their own
business. The contract will give IDN Telecom Preferred Supplier status to
exclusively target FSB's members under the brand name of FSB Telecom.



IDN Telecom offers a comprehensive range of services including voice, mobile,
inbound, data and system maintenance and prides itself on offering customers
comprehensive solutions, excellent customer service, bespoke billing and cost
savings.



Sandy Harris, FSB's Member Services Chairman said, "IDN Telecom is one of the
most progressive telecommunications companies we have seen - they lead the way
in the innovative technologies they offer. Their comprehensive solutions are
extremely cost efficient, and most importantly they offer a 'one bill' solution
which is absolutely key to many of our members."



Mike Morrison, Managing Director of IDN Telecom said, "We are delighted to be
working with an organisation like the FSB, where our services fit its members."



For further information, please contact:



Enquiries:
IDN Telecom
Mike Morrison + 44 (0) 808 178 9900
mmorrison@idn.co.uk www.idn.co.uk

What is going to be interesting now is the forward looking view for 06. With the FSB promoting them we could see a very bullish statement in the results. The City will of course like this and the share should move significantly higher from here.

Nobody else following this one then ?

Moneyman, I have an investment in this share built up over the last 18months, but I do have some concerns, since apart from Vanco, other lower cap shares in this sector are much lower rated especially SMY... some might say undervalued by the market and hence good investments! Others might say different.
Need to see some good growth in revenues and profitabilty in the Jan results to get the shares moving.

Be careful with SMY as being ramped on ADVFN. This is a nice little profitable company which has been hit by the AIM downturn and also the unloved telco sector. When it picks up we shall all be rewarded.

This is going to suffer some heavy selling boys so be long for suffer.

Is driftwood1 foreign- "some heavy selling buys so be long for suffer" ???
the sense of the sentence is lacking a bit.

IDN share price since it hit 4p and had drifted has been bobbing along since.
The track record is impressive but the share price has slowed, mainly due to one of the ed-directors has been selling a few million shares over the past few months.
But hopefull when results are announced at the end of January, as the broker has an outperform on the stock we could well see profits of around 974k instead of the original brokers estimates of 900k, and we should easily see a share price of 3p. It depends how far the day traders can push the share price up.

Some very interesting posts on ADVFN worth reading.

moneyman - agree but
Adfvn.com is being ruined by Haystack along with the EKT board today.
What a wanker he is.

More selling next week, MMs will find it hard to support this baby, upto 5 mil to be off loaded.

Where is your proof ?

No problem - I'll pick up any surplus stock next week,

Knowing - 11 Dec'05 - 22:27 - 7759 of 7760
Must be desperate for stock as they have started on an ADVFN competitor too !

guru11 - 11 Dec'05 - 22:39 - 7760 of 7760 edit
Knowing - must be refering to dickhead1 on the m*neyam board.
No problem - I could do with a few more shares.

moneyman - course he has got NO proof - don't be silly - he wants stock himself.
This is going to be 3p in February!

Looking at todays action he is probably wrong.

Buyers in control today ;-)

Looks like this may breakout very quickly



Seems to be on everyones New Year shopping list.

Nice pennant formation. Anyone getting in prior to the T+ jumping in prior to results ?

Trading Statement

RNS Number:6737W
IDN Telecom PLC
10 January 2006


IDN Telecom plc
(the "Company")

Update

IDN Telecom plc, a leading independent provider of telecommunications services
for landline, mobile, data and consultancy, will announce its results for the
year ended 31 October 2005 on 30 January 2006.

The results will show a significant rise in profits, in line with market
expectations, and further growth in revenues compared to the previous year.

For further information please visit www.idn.co.uk or contact:

Barry Roberts, Non Executive Chairman, 0870 777 1775
Mike Morrison, Managing Director, 0870 777 1775
Gordon Hermiston, Finance Director, 0870 777 1775
Jeremy Porter, Seymour Pierce Limited, 020 7107 8000

Notes to Editors

Established in 1996 and floated on the AIM market in 2000, IDN is a leading
independent provider of telecommunication solutions in the UK.

Based in Solihull, near Birmingham, the Company has 40 employees and has now
built up to servicing approximately 1,000 clients across the UK business
community. IDN provides customers with advice on all aspects of communications
management.

The Company's expertise lies in analysing a client's total communication
requirements, with a view to recommending and providing the most appropriate and
cost-effective solution.




This information is provided by RNS
The company news service from the London Stock Exchange

END
TSTAKCKDOBKDBDK

ok guys fingers crossed me in, (bought half million midweek, MM did not have the shares and broker said they would have to work the price and so later in the day i got my shares. order was placed at 8:09 received confirm at aound 11:00) does this mean they are short of stock ?? or is driftwood1 right?

I would not be sitting on the sidelines with this one. Nice write up in Shares Mag this week too.Hey if you get in now you even get the divi !

Nice recovery in price and see this going much higher. Must be one of the best stocks to buy based on fundamentals.

Recovery!

LOL

Would you like to tell us more than your above post ? Some reasoning for example.

Recovery!

Haystack - the doom and gloom merchant - has made yet another wrong forecast as with EKT, both well up. We wont see him here for a while now. He is winding up the EME, CHP and ULT board now.

LOL

Haystack was wrong withh DDD too

Have you seen DDD?

IDN!

IDN from the day after the last AGM and trading update which was bullish!

I Ignored HAYSTACK @ MY peril on EVS!!!!

Credit where it is long over due.

And now a poor statement from the AGM today.

This is almost a rerun of one of the EVS statements close to their demise.

"Whilst revenues and margins from some products will diminish due to
technological changes in the sector, growth in others will escalate."

The choice of words to seem optimistic seems interesting. They used a low impact word - 'diminish' to cover the drop in revenue and margin and a high impact word - 'escalate' to cover increases in other areas.

It all smacks of window dressing.

An alternative view might be that they are expecting quite a downturn in revenues and margins from major parts of the business and are building their hopes on other parts of the business picking up.

Again a rerun of EVS!

Nice to se this blue in a sea of red.

Should see a good run here leading into the interim figures.

From Todays Independent :

No Pain No Gain: Tiny telecom player can score despite poor form
By Derek Pain
Published: 03 June 2006
The stock market can be a ruthless place. Ask IDN Telecom. I wrote about this little provider of telecom services in February last year when its shares were around 3.25p. They are now near 2.2p. Yet in the meantime profits have advanced strongly and the group has paid its first ever dividend. What's more, trading remains buoyant and profits and dividends are set to increase.

To add insult to injury, the stock market, despite recent volatility, has made heady progress since my IDN comments although the telecoms sector, weighed down by its heavyweights, has not always been fully connected to the exuberance. Even so, it is a particularly harsh judgement when a share loses around one third of its value.

At 2.2 p IDN really looks to be in the bargain basement. Profits should emerge at more than 1.2m in the year ending October (up from 900,000) and last year's maiden dividend of 0.025p a share will be increased.

So what is inhibiting the shares? I think it is the behaviour of some of the company's former directors. Although large sums are not involved, they have unsettled would-be buyers by selling down their shareholdings. A feeling has got around that every time the shares progress towards a more realistic level the price will be hit as they press the sell button.

Former director Michael Wilmott, who is now living in Canada, appears to be the major culprit. At one time he had 56 million shares, around 20 per cent of the capital. He has relentlessly cut back and is now down to 20 million shares. No doubt the stock market is awaiting his final disposal although the company seems to think any further unloading is unlikely. To add to the uncertainty at least one other former director has a 6 per cent-plus stake and is viewed as a weak holder.

There are a number of other influences that could restrain the shares. For one thing IDN operates in a tough, highly competitive environment. It has to be particularly nimble footed. But so far it has proved that despite its small-cap rating - it is capitalised at 8.4m and has a staff of only 40 - it has the ability to prosper. Indeed its very size often gives it the flexibility to provide specially tailored bespoke services to its 1,300 customers - who mainly spend between 10,000 and 750,000 a year.

The company, based at Solihull in the West Midlands, was started 10 years ago and arrived on the stock market in 2000 - just too late to enjoy the madcap dot.com explosion. In its early days it failed to cover itself in glory. Losses mounted. Then Mike Morrison arrived as chief executive. Within a short time profits - albeit a mere 5,000 over six months - replaced losses and it looked as though IDN was on its way.

Since then, trading has continued to improve even if the shares have failed to respond. The lowly rating must mean the group is a tempting take over target and I would not be surprised if corporate action occurred. There is also the possibility that with cash accumulating in its bank account, IDN, where directors and supporters have about 40 per cent of the capital, could be considering acquisitions.

At one time, chairman Barry Roberts and Morrison were so perplexed by the studied indifference of the stock market that they wondered whether to seek refuge in a share consolidation. But they have decided to stay in the penny share category.

Consolidations, when say 20 shares become one, can, of course, be rewarding. Certainly they should reduce costs. But often turning flyweights into heavyweights offers little benefit to shareholders. Indeed on many occasions, when the consolidation is not reflected in the price, shareholders suffer wounding losses.

I have toyed with the idea of enlisting IDN into the No Pain, No Gain portfolio. I almost recruited the shares in February last year but I was unhappy about the possible consolidation. Too often I have been the victim of such cosmetic exercises and I did not want to run the risk of another misadventure. And the share overhang was another inhibiting factor.

Well, the consolidation danger has been removed but the possibility of more share sales putting the lid on the price remains. Still I am encouraged by the group's get-up-and-go approach, its trading prospects and the confidence displayed with its arrival on the dividend list. The portfolio is in need of recruits and this tiny telecom player could emerge as the ideal replacement for takeover victim MacLellan, due to depart soon.

No comment on the news then ? Very suprising.

I've got a shed load of these and topped up with more last week ahead of results later this month. Downside has to be very limited and upside could be dramatic if weak holders don't sell out when the share price rises as it surely must imho. SP was higher when they were still making losses!

IDN off and running prior to results in 2 weeks!

heard this could be the performing stock of 2006...some big names buying it ..EK?

I hope it is.......................It's one of my largest holdings!!

Where is that news from Maestro ?

moneyman...i saw it posted on advfn

Continuing to progress

IDN Telecom PLC
06 July 2006


IDN Telecom plc
( 'IDN' or the 'Company' )

Trading Update

IDN Telecom plc, one of the UK's leading independent providers of communication
services to the upper SME and mid-market sectors, is pleased to provide an
update on sales momentum.

In the Company's interim results, IDN reported increased sales activity and is
pleased to report that this trend in customer growth has continued since. The
series of new contracts now won over the last three months, in aggregate are
expected to contribute to a significant improvement in the Company's financial
performance as they start to come on stream over the next three months. In
particular, IDN has won the following key contracts:

2 well known Retail customers;
1 well known Retail and Hospitality customer;
9 Public Sector Healthcare customers;
2 large Public Sector customers; and
2 other leading companies in the Software and Intellectual Property
sectors.

The Directors believe these new contracts provide an excellent foundation for
further growth in the next financial year.

Chairman Barry Roberts commented:

'Following a very good first half year performance it is particularly
encouraging that demand remains high in our target markets. This continued
success confirms that our strategy of offering high quality Managed Services
across a broad range of communication products to the mid-market is totally
appropriate to the needs of our customers.'

For further information please visit
www.idn.co.uk

A good statement and more progression, but not too much support from investers. My worry is SP will drop again next week as trades dry up again.

Very little support from investors. The latest statement is at odds with the trading statement at the AGM.

"... revenues and margins from some products will diminish due to
technological changes in the sector..."

The VoIP sector is getting far more competitive and margings getting tighter. I wonder were profits will come from.
I am personally doubtfull as to whether things will get better. I expect the share price to fall further yet.

Still going nowhere.

All SELLS today so far, still looking very weak.

Haystack,agree that this share does not have many friends at the moment and the sector is out of favour. However, based on this years forecast of a PE 6.8. and with sales growth of 15% ,earnings growth of 35%, and forecast yield of 4.8% , cash generative and cash positive, they have to be worth a punt. Current 2007 forecasts don't look so good, but could be revised upwards after the recent trading statement.
Many have had high expectations of this company in the past and have become disillusioned, but this could be a turning point, if the market picks up. IMHO, DYOR

All SELLS again today.

Oh dear !

All SELLS today and three MMs out of six down already with 4 of them below 2p on the bid now.

where?

Maybe you didn't notice that it was down today.

Haystack

If you are going to give a daily commentary on the trades, at least try to be a little more balanced in your postings. I haven't seen you update on the 1 million buy or doesn't that count?

Personally I don't really care if IDN goes up or down, but posting only the negative half of the obvious is somewhat trite to say the least.

pth

When I posted the info about the trades it was correct. I was out after that. The price did fall and the MMs were down. You can always look at the trades, its not that difficult. The comment was made using Level 2.

Yep, of course ;-)
Why post the obvious at all? Everyone can see what trades are going through. You going to update on the Buy then?

Because not everyone has Level 2.

If you do'nt like my posts then don't read them. The use of the 'squelch' button may be of use in this context. The alternative is to get used to them. I think that covers your options (oh no, I forgot one. You could just bitch and bleat on about my posts).

Think I'll bitch and bleat.

Oh and you don't need L2 to post, 'all SELLS today'

And no I don't like your posts, because they are invariably (always negative), contain little substance (none at all), are one dimensional and actually don't help anyone at all.

If by some miracle there are all BUYS tomorrow, you gonna post that bit of news?

Oh, and best stay off the DVS thread, you got that wrong as well, no surprise there then :-)

pth

I see Seymour Pierce has reiterated its buy rating for IDN Telecom.

You still have great hopes for this one Rod?

Pete, I like the PE, the current growth forecast and the latest trading statement. I still think we will see some upgrade to the forecasts, and eventually the sentiment towards this sector and this share will change. I just need to be patient!
I've made some of my best gains by being patient with a share that has good fundamentals, but is out of favour. "Don't panic MR Mannering" .
I've made my biggest losses on shares in hot sectors that are being over-hyped and on crazy price to sales ratios with big promises about the future growth potential.

Good luck, I hope it comes off :-)

canary9 -
Seymour Pierce are the house brokers of IDN. Even small children know to ignore house brokers. Don't forget that Seymour Pierce had EVS as a buy shortly before they went belly up (and they were in the same sector as IDN).

ptholden
I post negative comments on IDN, because I am very negative about it.

I regard DVS as an over priced stock. Little positive can be said about DVS at present. The next set of results will still not say much. The set after next should be more informative. DVS have gained a few contracts to supply kits, but the customers look like the kinds of companies that will tie them down to very tight margins. Plenty of companies get contracts by sacrifying their margins. It remains to be seen as to whether DVS is like that. I am afraid that you will have to put up with me on the DVS thread as well.
I expct the DVS price to fall soon.

Wouldn't be surprised if the DVS SP does go down, but it has risen 50% since your negative post on the 2/3 July!!

Apologies to IDN posters for being off topic.

pth

A rising share price is not an indication that it is not over-priced.

Nope, but in the short term - you got it wrong. Plain and simple.

I am not discussing the short term. I am saying I think it is over-valued. SPs may goup and down. The longer term will tell if I am right. As I don't bhave a position on DVS then it is of litle importance to me if it goes up or down in the short term. If you have made money on it then good luck to you. Mind you a profit is not a profit until you are out of the stock.

A few trades which could be buys or sells, but another MM has dropped the price. I expect this to be much lower soon.

Online prices are 2.06 v 2.08
Reasonably safe to assume the trades at 2.08 are Buys, at least have the good grace to admit so, afterall you never have any doubt when posting, 'all Sells today'
Accepted the point about MM dropping prices.

The 2.08 trades are exactly at the mid price, so they could be buys or sells. The fact that an MM has dropped the price may be an indication that the trades were SELLS.

There is only one MM now above 2p for the bid at 2.05. The others are one at 1.95p, one at 1.9p and three at 1.85p.

The price is 2.05 v 2.1

As I said Haystack, I tested the on line prices first thing this morning and also after the trades at the time of my post which have consitently been 2.06-2.08. . Can't understand why you won't accept the trades were buys and take a more balanced view. However, it looks like the SP is going to fall.

SELLS against BUYs more than 4 to 1 - a lot of downward pressure.

Yep a whopping 0.015% of the company traded in one day, this is clearly massive downward pressure. Behave yerself Haystack, you really should moderate your comments within the boundaries of common sense. In your one man crusade against small telecom companies, you are beginning to lose yer grip and show yourself up. Consecutive days of biased misinformed blatant de-ramping now.

pth

Constant selling day after day constitutes downwards pressure.

Taken over a YTD, 2 year, 3 year period, it alll looks like downward pressure. It is almost constantly below 20, 50, 100 and 200 day moving averages. It is difficult to see by what measure it looks worth a punt.

Would you say it was in a downward trend?

Have never said it wasn't Haystack, but your comment today '4-1 blah blah' related to today's trades. Now you see those charts are worth posting, they tell a story, grabbing sells of 60,000 to try and prove your point is kinda, well, pathetic really. As I said, get a grip amd do be more moderate with your wilder comments ;-)

pth

The SELLS are outnumbering the buys day after day. It matters little if it is 60,000 or not. The pressure must be downwards. I wouldn't describe any of my comments on IDN as even slightly wild. If I posted what I really think then you might describe that as wild.

Sitting right on a major support level. Where to from here? Mainly SELLS today as well. Two MMs down so far and only one not below 2p on the bid.

At least I'm not the only one that considers this a buy! Nice write up in the Independent today.
http://money.independent.co.uk/personal_finance/invest_save/article1201856.ece

The Independent article doesn't read that way to me. It sounds a bit based on hope.

"My hope is IDN will trade its way out of the basement.".

Nice to see some blue today!

IDN Telecom PLC
28 July 2006


IDN Telecom plc
('the Company')

Holding in Company

The Company was informed today that Gartmore Investment Limited purchased
1,000,000 ordinary shares in the capital of the Company on 24 July 2006, and is
now interested in 11,834,654 ordinary shares in the capital of the Company,
representing 3.05% of the entire issued ordinary share capital of the Company.

For further information please visit
www.idn.co.uk
or contact:

Mike Morrison, Managing Director, 0870 777 1775
Gordon Hermiston, Finance Director, 0870 777 1775
Jeremy Porter, Seymour Pierce Limited, 020 7107 8000

I am afraid that institutions make the same mistake that other investors do. There was indstitutional buying not long before the EVS telecom company went belly up.

You going to post L2 today Haystack. Oh, I very much doubt it, you only post when the facts suit your argument.

Well, just for information there are now only two MM BELOW 2p, SCAP and WINS at 1.95p, the remaining four are above 2p.

To say that SELLs are outnumbering BUYS day after day, is at best misleading, at worst a bare faced lie. Since I have been posting on this thread, that just simply is not true.

I don't know why you have a bee in your bonnet about IDN, but you really are the worst kind of poster when it comes to a balanced view. Fine, be negative by all means, each have their own opinion, but why not try to be fair to both sides of the argument? Somehow, I very much doubt you have that ability, which is somewhat surprising, because you are clearly a very balanced person - a massive chip on each shoulder!

pth

Not quite right. One MM is exactly on 2p and not above itnand that one hasn't moved at at all today.

I have never claimed to give a balanced view or be fair to both sides. I don't like IDN as a stock and I am bearish about it. You give bullish views and I give bearish ones. Recently SELLS were outnumbering BUYS and the price has been falling steadily for months. Today that isn't the case and the price has risen. A piece in the the Independent may have caused that.

The fact that the price has risen doesn't change my mind about IDN, nor would it if it doubled in price.

If it doubles in price you can be as bearish as you like. I will still be happy!!!!

Don't get me wrong. I don't think IDN is going bust. I just think it is over-valued.

Sorry Haystack, we will just have to differ on that.........growing revenue, growing EPS, single digit P/E , net cash position(no debt) and generating free cash. Not too many of them around except with the oil producers... BUT nothing is a certainty.
If you know some doing better than this though, I have some profits to invest!

Haystack, you have little credibility either here or on other boards. The fact that you have freely admitted you are unable to present a balanced and fair arguement to the discussion on this stock (or probably any other) is of no surprise. Why would any poster / reader treat your views with any credence when you can only see yourself as right and are obviously not prepared to shift those views no matter what?

Incidentally, I am not Bullish nor Bearish with regard to IDN. Feel free to post any Bullish comment I may have made. However, what I have done is to redress the one sided bullshit that you post every day. As far as IDN is concerned I post facts, not an opinion and if one, two, or three MMs fall off the Bid tomorrow I will quite happily post that fact. What you post is just the negative side with your lobsided spin and little reliance on the truth.

pth

I didn't say that I couldn't present a balanced agument. I said that I didn't. I prefer reading biased views as you know where you stand (also there are no unbiased views on BBs). I did just write a long post discussing why I don't like IDN, but I changed my mind at the last minute and didn't post it. I have posted detailed reasons before why I don't like certain stocks, but it usually just generates more arguments. My personal view is that I don't expect the results to continue to be as good as previously. If you disagree then that's fine.

I neither agree or disagree re the prospects of IDN.

You have no problem in generating arguements whatsoever, basically because you are a bigot. If you don't know what it means look it up.

pth

No. You are wrong about the bigot part. To be a bigot, the prime requirement is being intolerant of others' views. In fact I am very tolerant. I don't mind what your views are or if you express them. I don't even mind when you are down right rude. I am biased though. Show me an unbiased person and I will show you someone with no opinions.

While we are discussing the meaning of words, would you like to correct your continual spelling mistake -arguements.

Bigot - person obstinately or intolerantly devoted to his or her own opinions and prejudices

1. You are obstinate
2. You are devoted to your own opinions and care little for others
3. You are prejudiced against telecom companies.

The cap seems to fit, I think you should wear it. Seem to have touched a nerve here.

Yes we are discussing the meaning of words, not the spelling. I guess you are grasping at straws now, what next - grammar? Oh, and by the way, you also make spelling mistakes, I just haven't bothered to paste them. Too petty for words, even incorrectly spelled ones :-)

pth

Yes. The most important part is 'intolerant'. I am not intolerant of your opinion or any others. I just dont agree. Obstinate seems to me to me to be an inappropriate description as I have not seen a convincing argument in favour of IDN yet, so it would be difficult to tell if it would change my mind. I am not prejudiced against telecom companies. I think you would find it difficult to demonstrate that I have posted negative comments about any telecom companies apart from EVS, which went bust, and IDN, which hasn't and looks unlikely to.

However my opinion of IDN has not changed yet. I am still bearish about it. Time will tell if I am right.

okey dokey ;-)

A solid bounce off support at 2p once more. The most recent downward trend established in Jan looks like it may just have been reversed, constituting something of a breakout. Interestingly there is clear divergence on the MACD histogram, again dating from Jan. If it can get through 2.3p on good volume then a new trend may be established rather than this trading sideways business.

pth

The support at around 2p is quite strong. It is just as well as there is not much below that to support it. The downtrend is still there though and it would need to stay above 2.35p for some time to change things. But charts aside, I don't fancy their prospects much anyway.

Haystack, you spend an awful lot of time watching this share when you don't fancy their prospects. I respectfully suggest that your time would be better spent on shares you do fancy in order to uncover investment opportunities.
Many must feel like you, which is why the share price is depressed......others might consider this a bargain at the current price and worth the risk.

Rod, err, Haystack doesn't appear to fancy the prospects of any company. I'm afraid he is rather well known for his negative postings and inability to back up any of his ARGUMENTS with facts. Mind you, look on the bright side, IDN's SP seems to be improving somewhat and if I was in the habit of catching falling knives, the TA does have some encouraging aspects.

Good luck old bean.

pth

Pete, I hope this is not a falling knife situation, which is usually accompanied by negative news flow, but promises of better to come. Newsflow from this company over the last 6 months or so has been increasing positive, as are the results. If that changes, I shall be out.............Rod

Higher volume today and the price is rising!

Onwards and upwards to the trading statement in Nov.......... I hope! The financial year ends Oct.31st.I need this one!!!!

Looking good ..........!!!

Still looking very over-valued. In fact as it rises it looks even more over-valued.

Haystack, in that case it will look even more over valued when it reaches 3p+!

It certainly would!

Pleased I didn't listen to Haystack! It's even more over valued now!!!!

Short term movements.

Another good day, ahead of trading statement expected later in the month.

Didn't make 3p and disappointing offer price, but I can live with it!


Redstone PLC
30 November 2006


30 November 2006


Not for release, publication or distribution, in whole or in part, in, into or
from the United States, Canada, Ireland, Australia or Japan, or any other
jurisdiction where to do so would constitute a violation of the relevant laws of
such jurisdiction.


REDSTONE plc


Recommended cash offer by Evolution Securities Limited on behalf of Redstone plc
for IDN Telecom plc


Redstone plc ('Redstone'), the national IT and communications solutions
provider, announces today a recommended cash offer for IDN Telecom plc
('IDN') of 2.939 pence per IDN Share, which values the existing issued share
capital of IDN at approximately 11.4 million and assuming full exercise of
rights under the existing option schemes of IDN at 11.8 million.

Irrevocable undertakings to accept the offer have been received in
respect of 154,213,231 IDN Shares representing 39.75 per cent. of the
current issued share capital of IDN.

IDN is an established and profitable independent provider of
telecommunications solutions and consultancy services to B2B
customers.

The Redstone Directors believe that the Acquisition is a further
step towards establishing Redstone as a leading IT and communications
solution provider for B2B customers in the UK and Ireland.

The Redstone Directors believe that the Acquisition provides the
Group with the following principal strategic benefits:

o the addition of in excess of 2,000 corporate and SME customers;

o increased critical mass within its fixed line telecoms and mobile
divisions; and

o cost savings through synergies from combining the two UK based fixed
line telephony businesses.

Consideration to be financed by Redstone's increased facilities with
Barclays.


Martin Balaam, Chief Executive of Redstone, commented, 'The offer for IDN
represents a further step in our stated strategy to take advantage of
consolidation in this industry. We believe that the integration of IDN with
Redstone will realise both synergies and opportunities to cross sell our
additional service offerings to IDN's customer base. We believe that this
acquisition enhances our market position and ensures we are best placed to
generate future growth and shareholder returns

IDN was never going anywhere. The shareholders were lucky to get what they have.