first step out to reduce borrowing and guess this is the start for COLT's come back, well in a much better position, personal view is that COLT will hit ?1.20 by the end of this year.

Huge upward potential. One to keep a close watch.

COLT 'broadly comfortable' with current FY EBITDA forecasts UPDATE
AFX


(Updating with details on debt repayment, timing of profitability and progress on India operations)



LONDON (AFX) - COLT Telecom Group PLC is 'broadly comfortable' with the current range of analysts' forecasts for full-year operating cash flow, director of communications John Doherty said.

'Nothing has changed from what we said the last time,' he told reporters on a conference call after the company released a first-quarter earnings report that completely lacked any forward-looking statements.

'We are broadly comfortable with the range of market forecasts out there at the moment,' Doherty said.

Currently, analysts are looking for EBITDA of 197-227 mln stg for the full year and sales of 1.26-1.30 bln stg.

COLT has indicated that capital expenditure for the year as a whole would be 150-200 mln stg and is standing by that forecast.

The UK-based alternative telecom carrier reported earlier today EBITDA of 46.5 mln stg in the three months to March, compared with 34.0 mln stg a year ago and the consensus of market expectations provided by the company for 45 mln stg.

First-quarter sales rose to 301.1 mln stg, up 11 pct from 272 mln a year ago and 306 mln in the fourth quarter of last year.

COLT anticipates returning to profitability 'shortly after' it achieves free cash flow positive, which it expects to see at some point in 2005, Doherty said.

COLT plans to use its cash and liquid resources to pay down debt, he said.

'If you look at the period of 2006 through to 2009 we have a shade over a billion pounds of long-term bonds and debt that will have to be paid over that time, so we see a lot of that cash that we generated from the business to repay the bonds that become due at varoius maturity debts.'

It is anticipated that the company will pay debt down fully, he said.

'COLT's got a history of organic growth. We're not big on acquisitions,' Doherty said.

COLT is still working on the details of its plans to set up a new support operation in India, Doherty said, noting the possibility of a cut in European staff as it takes people on in India.

'What we are looking for is to improve the overall efficiencies of COLT and to reduce unit costs overall.

'As far as COLT itself is concerned, there won't be any overall reductions in staff numbers but what could happen is you could see a reduction in Europe but clearly we would be employing people in India,' Doherty said.

The company said earlier it is making 'steady progress' in plans to achieve further efficiency improvements through establishing a new support organisation in India.

oliver.wagg@afxnews.com

ow/bam

Any views on when is the best time to get back in? it's looking very tempting at the moment

at 80p

at 80p

80p is cheap, COLT have consolidated operations into Acton and have a healthy reputation in the comms industry. They will continue to pick up business from the crumbling MCI's and Level 3's of this world who can't run at a loss forever.
Their European networks are expanding and more sites come 'on-net' every week leading to direct competition with the likes of DTAG in Germany who frankly don't stand a chance (imagine BT 20 years ago and you have DTAG !).
All round solid company, I've just bought back in myself after loseing huge sums on AIM !!

Still goin down. Any one know the next support level on this as I'm tempted to go in.

I think 50-60p is a support. The share is still overvalued. Look into its previous one year chart and you'll see the flow of its price. More downtrend I'm afraid.

71.5p today

On ADVFN ppl are saying possible 32p next stop. I think this sounds a bit drastic as it has already been halved from 130p within 2 months.

Morgan Stanley have upgraded COLT to 1.06 -1.26 on May 4th so the above is well a load of...B.........s need I say more...

Dont read and beleive every thread..do a little quality research into what institues and brokers are writing as well...

Anyone who bought at 67p will be on a roll when the market goes forward as is expected.

Dont forget punters when a share price comes down ...it can become the target of predators...Celltech for example...canary wharf...etc....need I say more...

just like the semi detached down the road...reduced by 10%...and well it's gone now..!

Morgan Stanley may just have a point...nuff said...

Watch Colt lift if market lifts from tomorrow onwards...peeps will dive in and hey presto...it could be back up to 85-90p..before winking...

DYOR..(and analyse the prey..)

jules99...

COLT already rising on good sentiments and hittimg undervalued teritorry...up 5p and the hunger for Colt Telecom is very much back....

With Colts Investment in India's Infrastucture...a country in the boom of it's lIfe...theres a lot to be desired in this Company...

Morgamns Stanleys target of 1.06-1.26 could well be back on track before the results become due...!

Jules99...

shut up! i am a loser!

The chart is too interesting to ignore, it appears to show the upward surge that I predicted, the next supportt level if the surge of buyin continues into next week, could lead towards 90-95p level before falling back for recovery/profit take..breather etc...


However this would also require The dow jones to assist by rising back to 10300/10400 which most pundits expect after todays fall back in NY at the laste call...

the next 7/10 days of Colt buying could be interesting to watch...

Institutions will have bought a packet im sure at the lower level last week...

Starting to lift as predicted...
closed up at 75p..!

COLT's big week ahead...(with) DOW rising...!!!

finished 0.5p up tday...know value when u see it...

have fun...jules99..

Now 78.5p...could see 80p-90p end of week...remember yr high is 1.31p, so a fair climb on the cards before results,

anybody who was short must be cringing now....check the chart below...



Food for thought...


Have Fun.../Jules99

Gybing you could do well by holding on to yours...!

closed up after positive comments again...closed 80.5p +3p

COLT - the comeback stock,

Morgan Stanley have a point...in their recent statement, (though their target is 1.06-1.26)... if DOW carries towards 10400 Colt should easily break 90p...

On a positive note -Colt Doing wisely, steering away from predator territory...

Jules99..