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.

gavdfc

Thank you so much for this. It does indeed make good reading and bolsters the point I have been banging on about for ages.

3 days of continued momentum. inflection point confirmed. chart wise this looks set to be 100p in a short space of time.

Since it is on the free part of their site i will cut and paste below for those who don't want to spend seven seconds and register...

Rgds
Prop

Green buys Easynet
Published: 14:30 Tuesday 23 November 2004 < PREV | 1 | 2 | NEXT > TOTAL PAGES: 2
By Algernon Craig Hall, Secret Buying Correspondent Printable Version

Recovery expert Andrew Green, who has a Citywire AA-rating, has added to his holding in Easynet as the telecoms company edges its way towards profitability

In recent weeks Green has picked up 645,000 shares in Easynet to take his unit trust's holding to 2.9 million or 2.4% of the 80 million company.

Easynet believes it will be free cash flow positive in the second quarter of next year, which means it would be generating enough cash to fund the ongoing needs of the business.

It also hopes to be to be trading profitably by the end of 2005, although it is still expected to report a loss for the year as a whole.

It expects to make this progress despite pricing pressures for the telecoms industry as a whole and slow growth in the sector.

Easynet's ambitions should be aided by demands last week from Ofcom that BT should give its competitors equal access to its network.

Easynet has recently benefited from strong demand from the corporate market. It has aggressively made inroads into BT exchanges, which means it is able to offer a wider range and more innovative services to its clients and as a consequence is able to charge more.

The strategy of going into BT exchanges is costly but should receive some vindication if the company's targets are met. The trouble is that until the company does reach profitability the market may continue to struggle to put a valuation on the shares which are today flat at 67p, down from a 155p high in March.

< PREV | 1 | 2 | NEXT > TOTAL PAGES: 2

something i just came across on the bbc.co.uk website. have a look in the science and tech part of the news and then click on the video section. There is an piece on "UK leads Europe in Broadband".

It turns out that UK Online (100% owned by ESY) has an 8Mb service to private customers that is the fastest in europe (TWICE as fast as Bulldog). I had no idea until now and can only assume that they will leverage off this clear advantage. Makes my 512 on BT seem pathetic by comparison!

check it out...you need the LLU's to supply this and ESY is one of the only companies to be able to supply this service.

http://www.ukonline.net/8000/

Read recently that one analysts strong belief was VOIP would take over next year

voip is amazing but still required the hardware to deliver the last mile. i used it when living in indonesia 4 years ago and my phone bill went down 95% versus what the fixed line incumbant was charging.

Prop,

Thought you would appreciate the Citywire article. Played the BBC video from the website, made interesting viewing. I'd actually seen the clip on the news the night before. Would seem that broadband take up is rising in the UK, about time.

Tried to get bband earlier this year via BT, but we don't get it in this area. 2 BT call centres up here but now bband capacity at the start of the year. Took out Telewest Blueyonder, 25 a month for 512mb. Then in April I got upgraded to 750mb at no extra cost and next January getting upgraded again to 1g, again at no extra cost. So it seems that Bband is getting cheaper as it gets rolled out more.

Not really looked to much at ESY, but do they get most of their revenue from business customers or private? Going to do more research here.

Cheers

Gav

the consumer part is a very small contributer to the group as a whole. i have been in this company since IPO and was fortunate enough to have traded some aout at 2300. i started back in when they were in the 120's earlier this year.

one thing is that this management has ALWAYS delivered. they are on track for EBIT profitability next year and have a growing list of multinational clients.

have a look at their website, they have an impressive array of products, are cashed up and run a tight ship with a combination of organic and acquisitive growth.

i personally think this company has hit an inflection point and should see it rise to at least the mid 80's in a short space of time.

The issue has been that ESY is highly differentialted from Colt and Thus (they are more voice focused) yet ESY is often tarnished by the city with the same brush.

I think when telcoms are back in vogue, which may be sparked by the 3G launches, we could see ESY emerging from this slump on top.

There was an overhang of Fund sellers (new management clearing the decks) who are now complete (spoke to the house broker), and as you have seen from above, there is a new wave of size Fund followers in the style of Green.

happy researching...i really do like this stock and who knows, with its footprint and the changing shape of the telcoms environment they could easily be snapped up.

Rgds
proptrade

Prop post on SEY!!

ESY, SEY it's all a bit confusing....i need a lie down!

Read SEY bb.

Prop,

Many thanks for that summary. Have had a look at the website and there is a lot of info to take in. Will look in greater detail over the weekend.

Good to hear that the consumer part is only a small part of the business, as prices to consumers seem to be falling.

As to the inflection point, was that at 68p a few days ago? Did a bit of that in calculus at university, but has long since been forgotten!

Gav

ok, maybe i am bastardising a bit of statistical terminology. what i am basing the inflection point on is just from some basic chartist moves. big bounce with a three day 10p move.

basically, in non technical terms fill 'yr boots sir!

LOL! Thats a good term Prop! My heads spinning already, so much tech stuff on the website, and thats without me getting the calculus notes out.

Looked at a 3 yr chart and seems to be at the bottom range. Lots to look over this weekend. May have to save the filling of the boots until next weekend.

IG and Fins still at call to trade.

i know, call to trade...a few big positions out there. i like that!

gavdfc....did you have a look at this one?

Prop, didn't have much time over the last few days so am still looking. Taken a bat to the head today over MPH so not had much time today either. Still watching closely though, or as close as you can whilst losing money elsewhere!

inching up. nice sized rollover today (not me). showing some good signs.

momentum in the right direction. for all that have been thinking about this one, take a good hard look now.

very good price action and buys today. will close the day in the low 80's

HOW IS THIS FOR NEWS!!!!!!!!!!!!!!!!!!!

this has barely caught on in the market...

if this stock was a possible t/o target before if is a dead cert now!

Easynet launches 1st wholesale broadband alternative to BT UPDATE
AFX


(Updating to include more details, comments from an interview with chief executive. Recasts lead paragraph)

LONDON (AFX) - Easynet Group PLC, the UK telecoms group, this morning launched the first alternative to BT Group PLC in the market for wholesale high-speed internet access.

Easynet's new LLUStream will compete directly with BT's IPStream and DataStream, which are currently the only products allowing alternate telecoms groups to 'rent' broadband connections to UK consumers and small businesses.

'There is plenty of demand for an alternative to IPStream as it's not ideal to be locked in to one supplier from both quality and (price) negotiation perspectives,' said David Howe in a telephone interview with AFX News.

Under the current market dynamics, most consumer broadband access suppliers

'rent' a connection to a household from BT, which they then sell on to end users for a profit.

For a large broadband supplier, such as AOL, the cost of a renting a high-speed line would be around 9 stg per month, according to industry analysts. Easynet, which has its own fibreoptic network and 'unbundled' access to over 240 local telecoms exchanges, is believed to be proposing bulk monthly rates of around 6 stg per broadband line.

'The cost of our network is very low and we can compete with BT head on if we want to,' said Rowe, who stressed that Easynet's LLUStream product would also offer much faster broadband access than BT IPStream.

Several Telecoms doing well today. PXC is it's usual self. Will ESY be up again tomorrow?

MS