Have a look at todays news threads for EVS, great first half results, important acquisition announced, more exciting news promised in February. Up 25% so far today.

HUSTLER: Good to see your optimism. EVS is definitely moving up a gear. So much so that their brokers, Seymour Pierce, are struggling to keep up with them. Their profits projections for EVS have been revised twice in recent months. They've gone from 750K to 1.1 million for 2004/5 and from 1.62 to 2 million for 2005/6. The latter would give a forward PE of 6.5 and not 10 as you suggested.

EVS 2004/5 results are due towards the end of this month.

swseun: You're welcome. I've more funds coming in a couple of weeks so it would be handy if EVS would consolidate for a while. However, I would expect a further tick up tomorrow.

hi grevis, there's really lot more "chatting" on EVS on the web you told. So much fun and interesting. Btw, MSQ is another interesting stock, have a look.

up 0.72p to 6.42p this am...huge buys coming in

Got in a while ago at 3.75, but couldn't resist topping up some more today at 6.35. The forecast PE has moved up to 7 now, but it's still a bargin and now that people know about it it's a real short term gainer!

11:10 Formjet PLC (FMJ) Disclosure of interest RNS

Formjet PLC
07 March 2005
For immediate release 7 March 2005
Formjet plc ('Formjet' or 'Company')
Disclosure of Interest

Formjet plc was notified today that on 4th March 2005, Envesta Telecom plc sold
a notifiable interest of 3,300,000 ordinary shares in the Company, representing
5.07% of the issued share capital of the Company. Formjet was subsequently
informed that 3,050,000 of these shares had been purchased by Marlborough UK
Micro-cap Growth Fund, representing 4.69% of the issued share capital of the
company.

Envesta Telecom plc continues to have an interest of 3,377,350 ordinary shares
(or 5.19% of the total issued share
capital).

Commenting on the statement Lyndon Chapman, Chairman and Chief Executive of
Formjet plc said: 'We are pleased to announce that Formjet has secured its
first institutional investor. It is an important milestone in the Company's
life as a public company and is consistent with our strategy of continued
growth over the next twelve months.'

For further information please contact:

Lyndon Chapman Simon Hudson/Clemmie Carr
Chairman & Chief Executive Officer
Formjet plc Tavistock Communications
Tel: 01223 531 175 Tel: 020 7920 3150

Notes to Editors:
Formjet acquires territorial rights to 'alternative' software products and
markets, sells, distributes and supports these products in the UK and
internationally, standing in place of the vendor. The business model has been
built around its current UK rights to Panda anti-virus and internet security
software. Formjet has a family of alternative software products, which now
include Panda, FileStream and Ability.

Sign of a good management, they know how to make money, they still have another 51% of their original stake so it is more dollars in the coffers, pre tax profits will be even greater than aniticpated next year given the profit levels on the disposals and the growing operating profit!

11:12 Envesta Telecom PLC (EVS) Realisation of Investment RNS

Envesta Telecom PLC
07 March 2005

For immediate release 7 March 2005

Envesta records profit of 219,200 on 49% disposal of Formjet investment

Envesta Telecom Plc today announces it has sold 3,300,000 (49%) of its holding
in Formjet for 244,000 after costs (7.4 pence per share). Following the sale
Envesta Telecom owns 3,377,350 shares in Formjet Plc.

In accordance with its orderly market agreement these shares were placed through
Formjet's broker with, institutional investor Marlborough UK Micro-cap Growth
Fund purchasing 3,050,000 shares.

Kevin Jauncey commented, 'We are delighted with the return we have made on the
Formjet investment and believe that placing this stock with an institutional
investor will help Formjet continue the strong performance outlined in the end
of year statement released on the 1st March. Envesta were encouraged by the
results and decided that the time was right to place the first tranche and
realise a net profit of 219,000 on the sale. Envesta believe that
Formjet's progress seen to date will continue and look forward to realising the
remainder of our investment at the appropriate point in time.'

For further information please contact:

Simon Hudson/Clemmie Carr
Tavistock Communications
Tel: 020 7920 3150

ccarr@tavistock.co.uk

Tracy Ronan, Communications and PR Manager
Envesta Telecom Plc
Tel: 01635 817434
Mobile: 07818 446911

tracy.ronan@envestatelecom.com


Kevin Jauncey, Executive Chairman
Kevin McGovern, Finance Director
Envesta Telecom Plc
Tel: 0870 767 7778

kevin.jauncey@envestatelecom.com

Kevin.mcgovern@envestatelecom.com

Notes to Editors

About Envesta Telecom Plc
Envesta Telecom plc is an AIM listed premium quality alternative telephony
provider specialising in the provision of high quality International telephony
connections through its wholly owned subsidiary Seven Telecom. With call quality
in the UK now taken for granted, the same quality is expected when routing calls
around the world, especially where more complex services are required.

Headquartered in London, Envesta owns state of the art infrastructure
interconnected with worldwide Tier One carriers such as BT and T-Systems.
Significant capital investment in Voice over Internet Protocol, ('VoIP')
technology where appropriate, has expanded Envesta's technical capabilities,
opening up new routes to Africa and Asia at greater margins to the Company.
This, along with some of the most sophisticated monitoring capability in the
industry, means that Seven Telecom is able to closely monitor and control the
business to achieve maximum efficiency and effectiveness.

I'm very impressed with EVS. Good to see they are using their assets wisely. Better to invest in your own company than to hold a minority stake in another.

Incidentally, the online buy is still only 37.5K!

Are we now looking at profits of 1.35 million,(including this exceptional), for the year ending March 2005, or had Seymour Pierce already anticipated that sale of FMJ?

anyone go to the T1ps investors conference on Sat they were metioned by two of the 'experts' as go long tip for 2005.

Can see 7p + before end of day and 10p by end of week mkt cap still low the next ASOS ???

2005 p/e 20 now and 2006 p/e of 10

Envesta Telecom PLC - Detailed Broker Forecasts

2005 2006
Broker Date Rec Pre-tax () EPS(p) DPS(p) Pre-tax() EPS(p) DPS(p)
Seymour Pierce 28-02-05 BUY 1.10 0.34 2.00 0.66
Corporate Synergy 28-01-05 None 0.75 0.33

Consensus 0.93 0.34 2.00 0.66
1 Month Change 0.17 0.05 0.38 0.12
3 Month Change 0.18 0.11 0.70 0.27

Growth (%) 94.12
Standard Deviation (p) 0.01 0.00
PE Prospective (x) 16.76 8.64

Hi gordon
As previous post just in, topped up again
today seems crazy as rise of 40% ish in 2 days.
But feel the sp has a lot further to go
hope it's a smart move
hope your right on the next Asos
all the best

HUSTLER

With all those buyers coming in, tick up is imminent!

I hope that is the case grevis2, but the only worry is that there could be a big seller in the background somewhere, either with a protected order or a trade that will come through 1 hour after it happened!!

tallsiii: Well, up she goes!

FT has published the following article about Envesta. Looks like we are at the early stage of substantial share price rise:

Envesta Telecom rose 13.6 per cent to 6.5p, ostensibly after the long-distance provider took 0.2m profit from the sale of around half its holding in Formjet, a software provider. Although the sale will strengthen Envestas balance sheet, the stock has more than trebled in value since the start of the year - mainly driven by expectations of higher profits. House broker Seymour Pierce said last week that Envesta is at the early stage of substantial growth

Looks like you were right grevis2. I am heavily into this one now. The article is very encouraging as at the current forward pe of 9 "substantial growth" is very cheap!

tallsiii: Today has presented a good buying opportunity. Just couldn't resist buying a few more. Hesitated at 5.75p which was a bit of a booby. Eventually bought in around the 6p level. Just shows it doesn't pay to hang on for the last point or two.

grevis: I did a similar thing as i bought as they dropped this morning also getting in at the 6p mark and just over. Could have hung on for a lower price, but all of today's prices should prove cheap in the long run.