This sums up much of my thinking - I hold a few and swing trade a few and even trade intraday sometimes ......

I think there is a lot of slack that management can cut out of the costs and would also anticipate sector consolidation ..... good value currently and have been holding their own in a falling market. Lot of US interest.

ains


Edited by Dominic White
(Filed: 08/02/2003)


Texting makes MmO2 sexy but it's also risky

More and more Britons are discovering the joys of textual intercourse. In the month of December, we fired off more than 50m mobile messages a day, and next Friday (that's Valentine's Day, folks, in case you'd forgotten) we'll send considerably more than that.



It emerged this week that the chief beneficiary of this craze is MmO2 . BT's former mobile phone division revealed that it gets a higher proportion of revenues from texting than any of the other three operators.

Revenue from messaging grew at its fastest rate ever in the last quarter, up 19pc, and data services as a proportion of MmO2 's revenue rose to 17.7pc from 15.6pc.

More good news was the rise in MmO2 's average revenues per customer. ARPUs, as nerdy analysts like to dub them, grew by 5pc to 243 in the UK and by 9pc in Germany to 212.

MmO2 now has 19.1m subscribers and in Britain it may be the smallest player, with 11.9m users, but it is growing faster than its rivals - testament to the success of its rebranding from BT Cellnet.

Only 114,000 of its 503,000 new UK subscribers were higher-spending contract customers, but MmO2 claims its pre-pay customers have started spending more than before.

Customer growth in Germany, which continues to be dominated by T-Mobile and Vodafone, is less impressive and the MmO2 share price ascribes little or no value to this part of the business.

That seems unfair, given the fact that the group has attracted higher-spending customers and has made a decent fist of turning the operation around. An eventual sale or merger is almost as inevitable as a disposal of the Dutch unit, which is losing customers.

MmO2 's larger rival Vodafone is trading on a free cashflow yield of 6pc, while at 49p this week, MmO2 's equivalent valuation remains negative. It might not have Vodafone's scale or profitability but there is room for upside. A risky buy.

Most of those BUYS orders should have been taken out now and replaced with more.

still undecided - market getting worse

Bloody idiot closed @50.75 despite after close BUYS going in nr 52 level. Pathetic 1.4M sell allowed at discount yet again to closing bid. Very upset after 52.75 high earlier on!

April 11, 2003

Rumour of the day



The latest resurfacing of talk that mm02 may merge its German business with that of KPN, the Dutch owner of E-Plus, helped the mobile operator up 2p at 52p at its best. It closed just p ahead at 50p, despite a parallel tale that Hong Kongs Hutchison is considering a bid in an effort to add a 2.5G network to its 3G operations.

L2? What's likely for today because despite US ending +ve yesterday this is not appreciating like yesterday which I dearly would like it to in the afternoon. What is the source of the above? Also why did the price↓so much Thu if L2 was level & hence AT Buys should have it↑?

Today despite opening up around 51 level and holding it @09:15 forced↓to 50 as FTSE weakened!

Times rumour of the day

markets are undecided about the effects of 'winning'

sell orders have it on sets at the moment

US futures down a little - nas -2


ains




Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (56.25%) 9 (58.13%) 973,758 49.68 - 50.42 701,433 (41.87%) 7 (43.75%)
5% (55.17%) 16 (57.49%) 1,705,034 49.43 - 50.74 1,260,810 (42.51%) 13 (44.83%)
10% (47.62%) 20 (39.75%) 2,377,760 49.10 - 51.40 3,604,451 (60.25%) 22 (52.38%)
15% (42.86%) 24 (42.36%) 3,327,353 47.99 - 51.94 4,526,814 (57.64%) 32 (57.14%)
50% (42.11%) 24 (42.36%) 3,327,353 47.99 - 51.94 4,527,514 (57.64%) 33 (57.89%)
100% (42.19%) 27 (42.19%) 3,347,473 47.91 - 52.10 4,586,510 (57.81%) 37 (57.81%)
all (41.54%) 27 (42.17%) 3,347,473 47.91 - 52.19 4,590,510 (57.83%) 38 (58.46%

L2? 6.6M worth of BUYS have just gone through. Hope this closes above 52 like should've Thu.

Rumours still persist - Investec says they imply a valuation of 860/1500 million for the German unit - this would give a min valuation currently of 57p for OOM



Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (65.38%) 17 (55.21%) 1,473,021 50.54 - 51.34 1,194,852 (44.79%) 9 (34.62%)
5% (60.53%) 23 (48.73%) 2,300,407 50.31 - 51.66 2,419,895 (51.27%) 15 (39.47%)
10% (62.07%) 36 (62.89%) 4,214,164 49.87 - 51.70 2,486,198 (37.11%) 22 (37.93%)
15% (56.72%) 38 (58.00%) 4,614,164 49.69 - 52.29 3,341,911 (42.00%) 29 (43.28%)
50% (58.57%) 41 (62.05%) 5,463,757 48.96 - 52.29 3,341,911 (37.95%) 29 (41.43%)
100% (57.14%) 44 (61.72%) 5,483,877 48.91 - 52.50 3,400,907 (38.28%) 33 (42.86%)
all (56.41%) 44 (61.69%) 5,483,877 48.91 - 52.62 3,404,907 (38.31%) 34 (43.59%

1.8M BUY! Where did you see the investec figures, was it published today? Today's Prediction?

from ME news

L2? Another 2.5M BUY with no effect on price as 'O' trade. What is ME news, website?

private sub scription site - very expensive - comes through private tv channel



Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (65.38%) 17 (55.21%) 1,473,021 50.54 - 51.34 1,194,852 (44.79%) 9 (34.62%)
5% (60.53%) 23 (48.73%) 2,300,407 50.31 - 51.66 2,419,895 (51.27%) 15 (39.47%)
10% (62.07%) 36 (62.89%) 4,214,164 49.87 - 51.70 2,486,198 (37.11%) 22 (37.93%)
15% (56.72%) 38 (58.00%) 4,614,164 49.69 - 52.29 3,341,911 (42.00%) 29 (43.28%)
50% (58.57%) 41 (62.05%) 5,463,757 48.96 - 52.29 3,341,911 (37.95%) 29 (41.43%)
100% (57.14%) 44 (61.72%) 5,483,877 48.91 - 52.50 3,400,907 (38.28%) 33 (42.86%)
all (56.41%) 44 (61.69%) 5,483,877 48.91 - 52.62 3,404,907 (38.31%) 34 (43.59%)

L2? US figures come in better than expected but stock still facing selling pressure?

Nas futures are up 10.5 points




Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (56.52%) 13 (46.24%) 1,371,788 50.55 - 51.40 1,594,652 (53.76%) 10 (43.48%)
5% (54.29%) 19 (43.54%) 2,174,174 50.32 - 51.65 2,819,695 (56.46%) 16 (45.71%)
10% (57.14%) 32 (51.35%) 4,087,931 49.86 - 51.86 3,872,298 (48.65%) 24 (42.86%)
15% (52.31%) 34 (48.70%) 4,487,931 49.67 - 52.25 4,728,011 (51.30%) 31 (47.69%)
50% (54.41%) 37 (53.03%) 5,337,524 48.93 - 52.25 4,728,011 (46.97%) 31 (45.59%)
100% (53.33%) 40 (52.81%) 5,357,644 48.88 - 52.39 4,787,007 (47.19%) 35 (46.67%)
all (52.63%) 40 (52.79%) 5,357,644 48.88 - 52.48 4,791,007 (47.21%) 36 (47.37%

This is getting on my nerves. Yesterday I miss out on amazing opportunity and today despite US Flying this is stuck whilst L2 looking fine is it not? So what's happening why still -ve?

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (58.06%) 18 (53.05%) 2,024,965 49.65 - 50.59 1,792,074 (46.95%) 13 (41.94%)
5% (58.14%) 25 (53.77%) 3,095,120 49.45 - 50.74 2,660,753 (46.23%) 18 (41.86%)
10% (50.00%) 27 (39.02%) 3,445,120 49.31 - 51.39 5,383,137 (60.98%) 27 (50.00%)
15% (45.31%) 29 (39.57%) 3,570,120 49.22 - 51.42 5,452,207 (60.43%) 35 (54.69%)
50% (44.62%) 29 (39.57%) 3,570,120 49.22 - 51.42 5,452,907 (60.43%) 36 (55.38%)
100% (44.44%) 32 (39.44%) 3,590,240 49.14 - 51.56 5,511,903 (60.56%) 40 (55.56%)
all (43.84%) 32 (39.43%) 3,590,240 49.14 - 51.63 5,515,903 (60.57%) 41 (56.16%)

Part of a longer article


Industry calls for end to MMS push

London, April 11 2003, (netimperative)



by Susie Harwood

Mobile operators are in danger of missing out on the huge potential offered by SMS messaging by placing too much emphasis on new technologies, according to industry experts.


Mike Grenville, founder and CEO of SMS and mobile messaging forum 160 Characters, said operators are focusing too much on trying to launch new MMS (multimedia messaging) services instead of looking at how they can make more money out of "something that everyone already has in their pocket".

There have been many industry predictions that SMS will peter out as soon as MMS takes off, but MMS services, such as picture messaging, are a long way from mass take-up. There is still a number of issues to be ironed out, including interoperability between different operators, and marketing and pricing of services, before this is likely to happen.

Sari Aapola, VP of marketing and customer relationship management at messaging infrastructure company Tecnomen, said that operators need to stop rushing and pushing MMS and 3G and give these technologies the time that is needed for them to get off the ground.

Experts also believe that operators also need to focus less on selling the technology and more on marketing the services. "Stop trying to make it rocket science and try coming down to earth," said Aapola.

Meanwhile, Grenville said that month-on-month numbers for SMS messages in the UK just keep growing and that the market has not even reached a plateau yet, making it very unlikely that this will start to decline any time in the near future.

AMSTERDAM (AFX) - O2 Netherlands BV, the Dutch arm of mm02 PLC, said it will hold a news conference at 8.00 am here, or 7.00 am BST, on Monday morning.
A spokeswoman for the company declined to comment on the reason for the meeting beyond saying the company's CEO will make an "important announcement".

amsterdam@afxnews.com

dutch company has been sold ..... makes OOM more saleable - gives them more cash to invest and after allowing for the one off charge will improve the bottom line over time



ains

L2? Looking nice and +ve↑6% but I'd like to know will it still face 53 hurdle today? US +ve. To add to the good news ML upgraded their initial morning note to Buy. 12mth price target 66p.