steveo
- 09 Mar 2007 21:25
ATCG Results due monday expected to be good, returned to profit last interims, major new contracts won recently with Vanco, Siemens and extended contract with BT for a further 6 years. Share price has suffered lately due to Mark Woodbridge leaving (he was previously director of Torex Retail June 2000 to 2003). Expect a strong recovery on back of these contract wins and aquisition of Rocom
AT Communications Group Plc
06 December 2006
6 December 2006
AT Communications Group Plc
Trading update and major new contract win
AT Communications Group Plc (AIM: ATCG; 'ATC' or the 'Group'), one of the UK's
leading business to business communications groups, today announces a trading
update for the year to 31 December 2006 including expected profits and progress
on the integration of Rocom, as well as a major contract win with Siemens.
Trading continues to be generally strong, with the Group awarded a substantial
new contract with Siemens Enterprise Communications for online services using
Rocom proprietary e-trading platform, RocomX, as well as the provision of
managed services.
The Board expects to secure additional contracts during Q4 but the bulk of these
revenues will be recognised in 2007. The Group expects to report pre-tax and
pre-goodwill profits in the order of 4.5 million, having reported a loss in the
previous financial year. The Board also expects to pay a maiden dividend for
the year to 31 December 2006.
Since the Rocom acquisition in August 2006, the Group has largely completed the
reorganisation and integration programme and will fully operate as three key
business units with effect from January 2007.
The Rocom brand is now used for all distribution and channel customers with ATC
indirect (channel) customers now serviced by Rocom, as service teams of both
organisations are fully integrated. Cross-selling opportunities across the
direct sales teams are also already being exploited.
The Group is about to launch a newly branded Service division which comprises
engineering and technical service delivery to direct and channel customers as
well as third parties such as BT and Vanco.
steveo
- 31 Jul 2008 20:23
- 116 of 121
If you have any faith left in quality value stocks and are taking a long term (2 year) view then this must be as close to the bottom as we are ever going to get. Speculative talk of management buyouts will certainly raise the profile of this undervalued growth stock. Debt should be reduced comfortably and the potential is great.
However market conditions dictate that even the best stocks will get knocked by sentiment and none more so than tiddlers on AIM.
There can be no question that there are bargains out there with respect to fundamentals but they (fundamentals) no longer matter when sentiment is causing funds to sell off and investors to turn to cash.
chessplayer
- 03 Nov 2008 10:01
- 117 of 121
Up over 305 this morning.
RNS Number : 2398H
AT Communications Group Plc
03 November 2008
ATCG.L
AT Communications Group plc
('ATC' or 'the Group')
ATC is an award-winning supplier of Information and Communication Technology ('ICT') solutions
www.atcommunications.co.uk
Multi-million contract wins & potential interest in subsidiary
The Board of ATC is pleased to announce a series of new contract wins for its ATC Solutions and Servassure divisions.
These wins include a two year Network Services Voice Contract with Carpetright, Europe's leading carpet and floor specialist retailer. The contract will result in significant cost consolidation and streamlining of Carpetright's entire UK and Ireland estate of nearly 600 stores. It also represents another major client win for ATC Solutions' retail portfolio, which includes HMV and Somerfield.
In addition, the Group's Servassure division has won a three year voice and data estate maintenance contract with BT for Comet, the electrical goods retailer. The contract which covers over 250 stores, distribution centres and head office sites across the UK is worth in excess of 1million over the period.
Both contract wins are working capital positive and are expected to make partial contributions to the current financial year but will make full contributions in 2009 and beyond.
ATC also confirms that it has received unsolicited potential interest in a subsidiary of the Group. Since the Group's continued priority is to reduce debt levels, the Company is exploring this interest, together with its advisers. Discussions are at a very early stage, and a further announcement will be made in the event there are material developments.
Alex Tupman, CEO commented:-
'I am delighted that our recent investments have delivered these multi-million contract wins, which will help underpin the Group's future revenues. In addition, an approach for one of our subsidiaries is currently being considered with initial discussions underway. Shareholders will be updated on this development as soon as appropriate.
The Board remains confident of the Group's long term prospects, which are underpinned by a solid new business pipeline, and I expect to announce further new contract wins shortly.'
AT Communications Group plc
08700 55 80 80
Alex Tupman, Chief Executive
www.atcommunications.co.uk
Cenkos Securities plc
020 7397 8924
Stephen Keys
Biddicks
020 7448 1000
Shane Dolan
This information is provided by RNS
The company news service from the London Stock Exchange
END
dealerdear
- 03 Aug 2009 14:14
- 118 of 121
Staggering that a company that just 1 year ago was moving ahead strongly has just gone into administration. Just goes to show that shares of small companies are there to be traded and not to be held long term particularly in a downturn.
I have traded these in the past but don't own now thankfully. It didn't look good over the past 6 mnths with directors jumping ship no matter what the company said.
A real lesson to be learnt here.
partridge
- 03 Aug 2009 18:56
- 119 of 121
Good example of cash being king - small highly geared businesses are imo to be avoided unless you have high appetite for risk.
2517GEORGE
- 04 Aug 2009 09:58
- 120 of 121
As you say dd this seemed to be a company on a good growth track 12 months ago, very sad for everyone concerned, I fortunately sold out april 08.
2517
dealerdear
- 04 Aug 2009 10:20
- 121 of 121
I've been reading the statements over the past 18 mnths. Although HSBC I think it was gave them 5 yrs loan/credit, it was probably on the back of them reducing their debt pile. When trade fell off a cliff Sept 08, they weren't making the cash to do this which forced them to sell a large subsidary. Sure their debt went down but now they were a really small company at risk to market forces. The CEO left on the back of this quickly followed by the chairman.
The first sign of trouble was the FD left the company in July 08 after only joining a yr or so earlier and also he bought loads of shares in Jan 08 which he presumably then got rid of. As they were renegotiating their bank loan, a large contract was delayed giving them a real liquidity problem for this yr and the final straw was the company who bought their subsidary put in a claim against the company of 3m+ for wrongful info when they sold it. With no cash flow, presumably the bank pulled the plug and administration was inevitable.
Just goes to show how dangerous small illiquid companies are. You can make a lot of money on them in good times but are best left alone when we've had the sort of downturn experienced recently.