.

QC/Capetown Hi,

The results are most likely being held up by due dilligence by a buyer of the wholesale part of Seven, or by EVS being to busy with their own on possible aquisitions.

Cheers,
PM

Hi Capetown\PM1

Thanks for the info.

Guess we will have to be patient QC.

Thanks,
DaZ

Daz Hi,

I noticed whilst searching that there is an advfn thread for bashing EVS, as if at this price it's even worth their while :))))

Once the cash-flow restricting burden called the wholesale business is gone, and aquisitions are made, with the already agreed institutional backing, this will fly.

It may take a year for it to be a 10 bagger for me, that would mean it reaching 15.8p, but I am sure it will, and I will be staying put with my 575,000 shares, and watching developments closely.

9k to 90k in a year, that would be nice !

Cheers,
PM

I've spoken to EVS who put me on to their PR guys . . . said results are with Auditors for final checkin and should be released by end of this coming week. I tried to find out a bit more about the delay and market speculation but , not surprisingly, they wouldn't comment. We just have to wait i guess.

Paulmasterson
thanks for your postings
cant wait for results
good luck to all of us holding

Hi Paul,

That sounds good to me. Guess we all just sit tight. Plenty of practice with SEO:)


CheerZ,
DaZ

The announcement today at PNC Telecom (PTC) is interesting in the scheme of VOIP things, I wonder if it has anything to do with this new age of VOIP KJ talked about.

Good morning paul,
We must be getting close to rns soon!
Holding al herel

Well there's and RNS, total pants, I reckon I am gonna have to keep these for a year now anyway .... I ain't selling them at a loss anyway :)

Cheers,
PM

Hi Paul,

Yes total pants but like you will keep holding until it gets better or its worth nothing, not selling at a loss.

Got this from the other place. A good post.

jdhurry - 11 Oct'05 - 02:08 - 23738 of 23785


ANALYSIS OF TRADING UPDATES (updated)

21/07/03
"In the first part of 2003... Seven Telecom, experienced severe price competition which resulted in a slow down in both sales and margin growth. However, since May there has been a noticeable return to growth and an improvement in margins."

"Turnover [for year ending 30 June 03] is expected to be in excess of 10.8 million, with profitability in line with market expectations."

True to a word, turnover was up 131% to #10.8m (2002: #4.7m) with gross profit up 74% to #2.1m (2002: #1.2m) and profit before tax of #476,811 (2002: #429,000). It wasn't the first time Seven had hit a period of heavy turbulence and come out stronger because of it.

05/01/04
"Seven Telecom, continues to experience unprecedented competition in the UK wholesale calling card market... A programme of cost cutting has been completed to bring the overhead base more into line with the changing market environment...

"ferocious price competition has reduced gross margins significantly... expansion of its geographical coverage into territories with higher margins is essential. Good progress has been made in the first half in accomplishing this objective."

There is no stability in the wholesale market. It takes good management and strong foundations to weather the storms, as well as an ability to adapt quickly to changing market conditions. In the case of Envesta the subsequent results appear to speak for themselves.

"Seven Telecom's main focus, the UK wholesale market, continues to be subject to severe margin pressure but we are fortunate that the company's technology is easily transferable, enabling us to target areas for expansion where the calling card market is less developed and less competitive but offering significantly higher margins."

"In August 2003, Envesta Telecom launched Eurotel Exchange, aimed at extending the Seven Telecom product into the recently deregulated territories of Southern, Central and Eastern Europe using its existing UK based infrastructure and cost base, without the need for a physical presence in the target countries. Contracts have been negotiated with two major carriers; Albacom, a major Italian telephony provider (25% owned by BT) and Jazztel, a leading second tier carrier in Spain and Portugal. After extensive market research, Eurotel Exchange has opted to supply its own calling cards to consumers, rather than acting purely as a wholesaler... Launch dates of mid-January are expected in Italy, late February in Spain and late March in Portugal. Eurotel Exchange's current wholesale revenues will be added to by the launch of these consumer products in the New Year."

01/07/04
"in a strong position to return to profitability in the next financial year... as a result of improved trading from the Wholesale division, Seven Telecom, and the commencement of business from the newly formed European (Eurotel Exchange) and Corporate divisions."

"investments to enhance [Seven's] technology infrastructure and now has Voice Over Internet Protocol (VoIP) capabilities to compliment its sophisticated switching technology".

This portentious update shows the company is already moving away from reliance on the wholesale market and creating new revenue streams. How much of the c.#22m turnover in the year ending 30 Jun 2005 was generated by these non-wholesale markets? The early move into VoIP is also a sign of things to come, and indeed here Lyndon Chapman looks forward to the new Jauncey/VoIP era...

"the Company intends to appoint a full time executive with international telecoms experience to lead the future expansion and development of the group through its next phase of growth."

Enter Kevin Jauncey the chairman of ECTA's Billing and Customer Care Forum, a former BT man who founded Gamma Telecom and oversaw its ten-fold growth over a two-year period, but then left suddenly in late-2004 and joined Envesta. I suspect that the reason for his mysterious departure was advance notice of BT Wholesale's bombshell announcement (8 Oct 2004) on revised wholesale call tariffs. Gamma complained to Ofcom at the time that "[Gamma] will be unable to compete effectively with BT" and went on to lodge a Complaint against BT, with Ofcom deciding in BT's favour. Jauncey (45) has a very good track record and would have been head-hunted by the best. He was said to be wary of companies who might not survive further market consolidation, especially resellers - but he chose Envesta. Would BT Wholesale's price reductions affect Envesta in the same way?...

07/12/04
"the Company is on track to meet its broker forecast for the year of #750,000 profit before tax."

Kevin Jauncey's first statement as CEO: "I am delighted to announce that recent performance has more than met our expectations."

19/01/05
"The Company has experienced continued high growth througout the period, particularly during Christmas and New Year, achieving record levels of revenue for December... The Company [is] experiencing significant net profit growth, as operating costs have not increased in line with revenues."

Revenue up 70%, gross margin up over 120%. That same day, Jauncey bought 250,000 shares at 3p to take his holding to 650k (0.28%) and announced a "revised strategic roadmap" for Envesta/Seven as well as the promise of an exciting new retail product soon to be unveiled. It was duly launched a month later as Cheaper Call Rate, and it was cheap to launch due to the use of existing resources and infrastructure. Also on this day, Seven acquired from The Airtime Group (TAG) their contracts and customer base (note: relating only to pre-paid and post-paid calling cards) for a consideration of #340k cash. Of this amount, #120k was paid immediately, with the balance dependent on gross margins achieved up to 31 Jul 2005.

Subsequent events show no apparent signs of any slowdown in Envesta/Seven's business despite continuing market turbulence:

*March 2005: #219k profit from the sale of half their Formjet holding.
*March 2005: #963k cash raised through a placing with their first Institutional investor Legal & General, who currently hold some 7.4 million shares (7.04%) at 5.75p.
*March 2005: Interim Results show a return to profit in H1 with gross profit up 153% and PBT at a modest #518k. Turnover grew 30% month-on-month in October/November, reached record levels in Decmber, and this growth has continued into H2. Most importantly, the balance sheet is debt-free.
*April 2005: Strathclyde Pension Fund buy 7.6 million shares (3.08%).
*May 2005: Kevin Jauncey, CEO, buys 150,000 shares at 4.05p.

so how did we get in this mess then I think this is it
hero to zero in not much more than 6 months

Again from the other side. A bad day.

peteark - 11 Oct'05 - 09:45 - 23796 of 23819


I know I said I would not post here again however as this is the end for Envesta I have a few words.

Looking back it was obvious the company where struggling financially, maybe this is why they dreamed up the idea of getting the general public to work for them for nothing. I remember having a conversation with Aneesha Burrell (marketing), I said this dealer system appears to me like an elaborate scam, she laughed and agreed.

I supose working on CCR I was under the impression if I got loads of business for Steve Evans he would look after me personally, the truth probably is he was never in a position to do so. He did use me terribly however and for that I will never forgive him.

It was not difficult to see the company where hanging on by a thread, as genuine honest people Advans and I spoke to a lot of people advising them to consider their investments, also saying the SP could go up or down. Neither Advans or myself made any money from Envesta infact we both lost. And the information we had was simply provided for us to continue working on in good faith. As to the truth of the information one would never know, until now I guess.

I would imagine there are some great people who have or are about to lose their jobs, to you guys I am sorry. And I guess there are other people who have got exactly what they deserve.

To the many friends I made here over the last year I hope you have a great Xmas and 2006 is a happy year for you and your families. My wife has managed to secure R&R from Iraq over Xmas so the children and myself are happy.

Its a bright sunny morning here in Germany I wonder if the sun is shining over Envesta Telecom at the moment.

Pete

WELL,this simpleton is SPEECHLESS!,

guess my trading days are over unless these come back to at least 5p

And why could not anyone see the writing on the wall.

All the rampers just tried to stop any alternative opinions. You were all warned time and time again.

HATSACK.............!!

the rise and subsequent fall were not evident in the RNS from the company I didnt see it coming and in fact put more money in and ive been scucessfully trading for more than 20 years just glad i didnt bank my house on it

Oh well back into the darkened room for a lie down.

Haystack you must admit for this complete reverse in 6 months even you are amazed, not so long ago you said the fall was overdone at 1p, so how they ended up in this mess must amaze everyone. The two Kevin's must be very worried about having poridge everyday in a darkened cell I think.

I did think the fall was overdone and I believe that investors have been misled in material ways in announcements. I have always thought that CCR was doomed and woyld never make money. The writing was clear when they mentioned problems with the main part of the business that was making money. Many people thought CCR was the answer, which it it clearly isn't. This is going belly up to the creditors. I expect a share suspension very soon.