hoping for a steady climb from thus soon. trying to get of the floor. good figures coming in for the amstrad video phone[1st weeks sales]thus providing the connections at 50p a go. any other holders/believers.........??? barty

Thus Group PLC
29 September 2004


FOR IMMEDIATE RELEASE


THUS Group plc ('THUS')

THUS was today informed by Columbia Ventures Corporation that on 28 September
2004 it had a notifiable interest in 70,567,397 THUS Group plc ordinary shares
(representing approximately 5.23% of the THUS Group plc ordinary shares in
issue). These shares are held through Chase Manhatten Bank.
For further information:

THUS
Kathryn Rhinds 020 7763 3126

Smithfield
Nicholas Bastin 020 7360 4900


This information is provided by RNS
The company news service from the London Stock Exchange

A little background on CVC, could bring a few more 'believers' into THUS:


"Columbia Ventures Corporation completes purchase of Hibernia Atlantic


Vancouver, Washington and Dublin, Ireland, April 4 /PRNewswire/ -- Columbia Ventures Corporation (CVC) announced today that its subsidiaries have completed the purchase of a state-of-the-art 12,200 kilometre fibre optic submarine cable system connecting North America with Europe. Formerly known as 360atlantic, the assets were sold pursuant to Canadian court approval as part of a reorganization plan involving 360networks. CVC has renamed the system Hibernia Atlantic.

Hibernia Atlantic is configured as a self-healing ring on diverse paths, with cable landing stations near Halifax, Nova Scotia; Boston, Massachusetts; Dublin, Ireland; and Liverpool, England. The spacious cable landing stations in the four countries were purpose-built with redundant power and communications equipment to minimize the potential of any service disruptions. The system is currently configured to offer secure and resilient bandwidth services utilizing recent DWDM, SONET/SDH and optical switching technologies. The system has immediate capacity up to 160 gigabits per second on each path. This is equivalent to handling 2.5 million simultaneous phone calls while also delivering 13,000 individual HDTV-quality movies. The system can be upgraded to handle a protected capacity of 1.9 terabits per second, or more than 10 times the current lit capacity."

RNS Number:5790D
Thus Group PLC
01 October 2004







1 October, 2004

THUS Group plc ("THUS"

THUS was today informed by Columbia Ventures Corporation that on 30 September
2004 it acquired a further 17,071,190 shares and that it now has a notifiable
interest in 87,638,587 THUS Group plc ordinary shares (representing
approximately 6.5% of the THUS Group plc ordinary shares in issue

This accumalation of shares by CVC could be the precursor to a takeover.

Couldn't agree more - at this price very susceptible to a bid in a sector that needs desperate to consolidate. Looking at the potential acquisition valuation one could reasonably expect a range of 35-45 pence per share.

joehargon1,
Simplistic and optimistic assessment. I hope you are right, but I can't help but think that your expectations are quite high at 35/40p. Yet I would be very happy if they were achieved.
Good luck
opto

Optomistic, thanks for the vote of confidence - I arrived at this range after running the numbers on an adjusted book value (net asset) method taking the equity of Thus which is arrived at after the values of assets and liabilities are adjusted against market cap and then restated this as a target range. This model represents one common M&A tool to estabish the estimated market value. There are clearly many diverse measures of deriving a fair market value but this is one of the most generally best accepted measures. A lot then clearly depends then on the non-science part of a particular company placing a value on how much that business is actually worth. DYOR but I stand by 35-45 pence with all aspects of an assumed hostile bid factored in. Either way, at the current level there is no doubt that any attempted bid will move the share price only in one direction and that's up!

Why is it so undervalued by analysts then? I assume they run something similar.
I think any takeover would be welcomed as the present management aren't taking the co forward. Can't see much resistance. I would accept a bid of 22p (although I would be losing)as I can't see what is going to drive this up any further.

35p is a long way away.

I wonder if anyone can help me i am confused!!!!!!!

There were 11 million buys on thus today and 2.5 million sells and the price never moved all day! Can anyone explain how it works?..... thanks

Colcaz
Not all trades were recorded or many were selected by the computer as buys when they were actually sells. Not satisfactory I know but all you can do is hope most of the time they are reasonably accurate.
It can be taken for fact that when the price drops there are likely to be more sellers than buyers and reverse.
Out of interest I did a trade today via a web broker and it was not recorded, how many times does this have to happen to make a nonsense of the figures.
opto
edit: trade was not in THUS, I have quite enough!!

thanks for that..optomistic.. it explains a lot.. just hope they go up soon so i can sell them

Another nice contract win announced today from THUS. Rewarded of course by a small drop in share price, but we could be kind here and put that down to the miserable market today.
However:


25 October 2004

THUS chosen to Support TELE2 Internet Service Launch
THUS Wins Contract With Tele2
25 October 2004 - THUS plc today announced it has signed a contract with Tele2, one of Europe's leading telecommunications companies, to provide the systems to support Tele2's new dial-up Internet service for residential customers, the company's entry into the UK Internet market.

Using THUS's dial-up platform and modem technology as the backbone of its Internet solution, Tele2 can expand its service in the future and set-up costs will be reduced without affecting the end user experience. By keeping costs and administrative demands of the service low, Tele2 will be able to replicate its successful telephony business model, passing on cost savings to its customers.

Tele2 launched its UK telephony service in October 2003, offering one of the UK's lowest call tariffs, and has seen considerable market success as an aggressive competitor to BT for the residential market. Tele2 already uses THUS's advanced national fibre optic network for its domestic voice traffic and is now extending the relationship to include provision of the infrastructure for Tele2's new dial-up Internet service.

THUS's network will allow Tele2 to minimise administration for the new Internet service by removing the need for each customer to be issued with a login and password. Tele2 customers will automatically be able to access the Internet using their home phone number as identification. This is possible because THUS's network can attribute an IP address upon connection, and authenticate that the home phone number supplied as a login is the number from which the machine has dialled out, providing added security for Tele2's customers.

Bill Butler, Managing Director of Tele2, commented, "We have experienced THUS's cost effective service and innovative approach to its customers' needs first hand over the last 18 months and we are confident that THUS is the best provider to support our first steps into the UK ISP market. This is an important development for Tele2 as offering a package of value communications services, both Internet and phone, with a single monthly bill is a very compelling proposition for our customers. We have seen great success with this business model across Europe."

"Tele2 has brought much needed competition to the UK's residential telephony sector and THUS has been pleased to support the company in its challenge to BT," commented Phil Male, Chief Operating Officer, THUS plc. "Tele2's move into Internet service provision using the same low cost model is a natural progression for the company and will bring more choice to the UK's home Internet users."

Getting more interesting