.

Morning all and good luck for the week with all the stocks.

squidd the race is on and watching both with interest and holdings.

Squidd/PP Hi,

If you want a race, I put forward SEO and AEX. Watch 'em go over the next few weeks, months, and years :)

Cheers,
PM

Oops Wrong thread !!

An insight into the earlier trading statement (on the 19th of January) below from the Comms Dealer web site. A six month plan to migrate the high value customers of World Telecom over to Seven Telecom would mean by July 2005 the migration would be complete and World Telecom would have been no further use to Envesta. Pay 340K for it, migrate the customers across and then dispose of what is left for cash would be a very good move if that is what they have done, so if we do get an update to this effect in the results its been a very good move. Once you remove the higher margin part of its customers and get them on Seven Telecom and leave the low margin stuff the remainder of World Telecom is quite clearly not worth the same as you paid for it, but you have taken the most valuable part out with the migration.

The disposal of what was left of World Telecom after the customer migration was complete (30th June 2005 ?) could be part of the remedial action to be done in the early part of the new financial year (which started 1st July 2005).

The statement of intent to migrate in 6 months in the January trading statement below shows they were possibly planning to get rid of what was left of World Telecom as soon as migration of higher margin customers was complete as it would have no further use once they were moved to Seven Telecom. That would have been early in the new financial year and the trading statement released 28th of July only comments on business events to the 30th of June as is said in the first paragraph and does not make any comment on events from the 1st of July onwards)


http://212.21.97.148/magsites/cd/content/text/marketreports.asp?offset=100&ArticleID=17059

MARKET REPORTS
Seven Telecom acquires Airtime customer base
Seven Telecom, a subsidiary of Envesta Telecom, has acquired the customer base of The Airtime Group, which trades in the UK as World Telecom,.
The customer contracts acquired currently generate revenues in excess of 1million per annum at significant gross margin and the expected consideration, which is payable in cash, will be in the order of 340,000 dependant on performance of the customer contracts in the first six months following the acquisition.
The acquisition brings to the company significant multinational corporate customers from a number of industry sectors including banking and finance. Customers will be migrated to the Seven Telecom infrastructure during a six month migration plan.
Kevin Jauncey, executive chairman of Envesta Telecom, stated: "This is an exciting deal for Envesta Telecom as it brings additional substantial gross margin with little or no additional operating cost as services will be run using existing systems and infrastructure. It also brings a customer base of significant value and profile which will complement our existing wholesale business."

Trading Update
Envesta has announced that trading for the six months ended 31st December 2004, will show significant improvement on the same period from 2003.
The company has experienced continued high growth throughout the period, in particular during Christmas and New Year, achieving record levels of revenue for December.
This has contributed to an increase in revenue of more than 70% for the first half compared to the same period last year. Gross margin contribution is up over 120%, reflecting the Company`s concentration on higher quality and higher value business streams. This greater margin contribution combined with an increase in the efficiency of its specialist telephony infrastructure has resulted in the company experiencing significant net profit growth, as operating costs have not increased in line with revenues.
Un-audited like-for-like comparisons show that revenue for the period was in excess of 9m compared to 5.24m for the same period in 2003.

Is it possible that the recent spike up in this one was influenced by the Ebay purchase of Skype?

I am hoping it dips back down below 2.4p before the results come out on the 27th. If it does then I will add.

I will be adding too tallsiii.

There is a vicious deramping campaign on the AFN thread, with all sort of outrageous claims against the company. Its really got worse last week as it moved up and they are desperate to get the price down.

As I said to them, if they get the price down for later this week I will be buying more cheaply, if they do not I have to pay more.

There is a constant ramping campaign led by PapalPower on several BBs.

You mustn't forget that despite a small rise, this is still locked in a downtrend.

PP Hi,

advfn is the bashers place, thats all that exist over there on 'the dark side', losers and a-holes.

I don't care if they push prices down, it means I can buy cheaper, and when they eventually f'off to the next share to bash, value will return, and I will make a load of money.

Cheers,
PM

Hi Paul,

2 MM buys this morning and now coming up. Is there going to be a some large buys reported later ?


Haystack,

The 9th of Sept Corporate Synergy forecast is for the coming results 1.1 million PBT and EPS of 0.34p.

Then for the current year its forecast PBT of 2.0 million and EPS of 0.66p.

That is excellent performance I think.

Just look at the bad trading statement.

Papal STOP falling for the bait?
PLEASE

PP
The results are not out yet. It will be interesting to see what they turn out to be. I am expecting poorer results than expecteda and a poor forward looking statement, plus cash rasing very soon.

Of course Haystack when the trading statement has just said they will be in line with forecasts you wisely expect them to be bad.

Keep deramping Haystack.

PAPALPOWER,i see that fmj are up 30% !,will this help evs?,what is there plan with remainder of fmj holding do you know

They are still holding them so if the value goes up then next report the NAV will have gone up if they do not sell them before then. (Next report would be year end Dec 31st as end of half 1 05/06).

The vaue on the books now would have been at end June (end of full year 04/05)

Means very litle when FMJ went from 10p to 2p in a few months.

EVS only own a very small amount of FMJ. It must be less than 100k these days.

THX Papal