i was wondering if anyone out there had any strong views? this company appears to be delivering and has just turned EBITA positive after a great trading statement last week. seems like upside to +200p once results are out.

any comments or thoughts would be appreciated.

Joe,

Thx for the support on this one. The fact is that ESY has consistently produced the results and I think it is a case of this name being off the investor screens because of the lack of broker coverage and occasional slip in volume.

The reality is that this stock delivers and with such high sales which are flying quarter on quarter, ESY will surely be a tipsters choice somewhere (as it is mine!)

Looking forward to the 13th and for the record I have doubled my position today.

cheers

Yet more good news..announced taday at the AGM


Easynet Group Plc

Annual General Meeting - Chairman's Statement

London, UK - Speaking today at the Annual General Meeting of Easynet Group Plc
(LSE:ESY), ('Easynet' or 'the Company'), the pan-European Broadband networking
company, the Chairman, Keith Todd, said:

'As a result of our continued strong progress we are moving forward our guidance
for when we expect to turn cash flow positive (based on our current investment
plan), to during the second quarter of 2005. In addition, we expect the Company
as a whole to turn EBIT positive by the end of 2005, and our U.K. business to
turn EBIT positive during the first quarter of 2005, supported by the Company's
strong balance sheet.'

'The Company continued to perform well during the first quarter. We won
significant contracts from Ideal Group, Hill Mc Glynn and Elan Pharma, all of
which include connecting offices or retail outlets to our high speed managed pan
European broadband network. Additionally our Continental European business
achieved positive EBITDA as planned.'

'In the public sector in the U.K. we have also started to win contracts as part
of the framework agreement signed earlier in the year with the DTI. Among those
were 'ADIT North East', for disaster recovery and high speed national backhaul
services, and Slough Borough Council, to connect 49 schools and colleges with
very high speed bandwidth capabilities. Our ongoing Local Loop Unbundling
program with associated unique high bandwidth products continues to create
opportunities for the business.'

'The year has started well with continuing strong growth whilst maintaining high
gross margins, giving the board confidence in achieving its accelerated targets
for cash flow generation and EBIT profitability.'


- Ends -



For further information please contact:

Easynet Group Plc Tel: 020 7900 4700
David Rowe - Chief Executive Officer
Will Gardiner - Chief Financial Officer

Hudson Sandler Tel: 020 7796 4133
Andrew Hayes / Sandrine Boussard

So I'm now really struggling with this - the company announce positive EBITDA well ahead of analyst expectations, a positive trading statement and the price continues to ease. Can anyone explain what's happening?

a classic case of not enough analyst coverage and I would also blame the house broker. This is a great story with fab growth and fails to spark the liquidity players so seems to have fallen through the cracks.

in this type of market (when the air is seeping out) there is a general flight to quality and i have to say that this is where my money is staying.

I also still maintain that this name will be taken out at some stage by one of the big operators.

This company has insider buying, a proven track record, has always delivered on it promises, cashed up, a recent oversubscribed placement and a strong respected management team. Stick with ESY because i can really see this one spiking to 200p and beyond over the next 12 months.

after taking a tumble on lack of newsflow there has been a volume spike over the last couple of days and momentum to the upside. I have added and i see a decent return from here.

anyone else have any thoughts?

really big buyers around today...i have added even more! smells like something positive is in the air...

At last it looks like something is about to happen. Even more volume trades today. I think a bid could be in the offing.

very possibly....unusual volume and some chunky trades for this name. fingers crossed..

volume and price continue to rise. feels like a spike is imminent.

Not trying to mutlipost here BUT news out on Reuters could explain the rise and increased interest...

Britain's Colt Telecom shares rise on takeover hopes
LONDON, June 9 (Reuters) - Shares in Britain's Colt Telecom (LSE: CTM.L - news) rose more than three percent on Wednesday on persistent speculation that France Telecom (Paris: FR0000133308 - news) or Cable & Wireless (LSE: CW.L - news - msgs) might be mulling a takeover.

Dealers said talk that France Telecom might be looking at Colt Telecom, or another UK alternative carrier, has been circulating in the market for some time.

Recent talk that Britain's Cable & Wireless or France Telecom are looking at acquisitions has boosted shares in a range of alternative carriers including Colt, Kingston Communications and Easynet .

"We don't comment on market speculation," said a spokeswoman for Colt Telecom. A France Telecom spokesman declined to comment. Cable & Wireless also declined to comment.

One analyst doubted that either Cable & Wireless or France Telecom would be in a position to make a major purchase.

"It's very hard to believe that Cable & Wireless would go for a deal that would be dilutive," said the analyst, who declined to be named.

By 1051 GMT Colt Telecom's shares were among the mid-caps biggest gainers, up 3.5 percent at 88-1/2 pence, valuing the company at around 1.3 billion pounds ($2.4 billion). C&W's shares were up one percent at 131-1/4p.

In Paris France Telecom's shares were down 0.2 percent at 20.29 euros.

The analyst added that Colt Telecom did not fit with France Telecom's core business. (Additional reporting by Friedel Rother, Steve Slater and Chris Noble in Paris

This makes sense now - thanks Proptrade

moving higher again on increased volume. looking for a two day rise to see spike back to 1.20p

up 4p now...

bouncing back nicely and looks like my target on the 18 june is attainable. i cannot stress to all traders out there that this is a great stock. please read all comments on this thread to know why. t/o target is just a small reason to own this growth story.
rgds
proptrade

Proptrade

I think you must hold shares in this company.

Unless it is and Advert for Proptrade

I dont know Jan 22 2004 price about 136 now about 113. The short term charts do look promising though.