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.

I'm in. This is looking good.

MS

From ADVFN

December 12, 2004

Easynet throws down the gauntlet on broadband
Paul Durman



BT GROUP will this week face the first serious challenge to its dominance of the wholesale broadband market when rival Easynet launches a cheaper and faster service.
The move is likely to lead to further cuts in the retail cost of broadband, as well as the introduction of television-style services in urban areas.



At present internet-service providers (ISPs) such as AOL, Wanadoo and Tiscali have to rely on BT to supply broadband to their customers because BT owns the copper wires that connect the nation to its local exchanges.

Easynet is expected to announce tomorrow that it is launching a rival wholesale product that could cost as little as 6 per month per customer for volume buyers such as the big ISPs. BT charges about 10 a month, though smaller firms have to pay significantly more.

Easynet will offer internet speeds of up to 8 megabits per second far faster than the IPstream product on offer from BT and will make it possible to
supply video services over broadband.

Easynet is able to make the move because it has unbundled connections to 250 local exchanges, which cover about half Britains businesses and 4.5m residential customers. Until recently, it was the only telecoms carrier to have pushed ahead with the unbundling process that was intended to provide BT with tougher competition.

David Rowe, Easynets chief executive, said: We will give BT Wholesale a really good run for their money.

Ian Livingston, BT finance director, has been named as Pierre Danons replacement as head of BT Retail. Hanif Lalani, chief financial officer of BT Wholesale, will take over from Livingston.

Very good.

Up 9p too!

Wish I had been in!

Oh well.

This up SEY down. You just can't win can you?

MS

thx for posting and buying...i think 5 million traded was a serious endorsment of what i have been banging on about (admittedly i started from when these were above a 100p)

this stock is fundamentally VERY strong and has manageemnt that has continuously delivered. the funny thisng is that this news today came from left field and was nothing to do with the reasons why i hold this name but could challenge and enhance the core business in a huge way without one hint of cannabalising any other part of the business. fanbloodytastic!

i think there is a high chance this will be bid for by a european/US operator but even if not will be a profitable company by next year.

these could easily break 100p in the next few sessions and now that the huge sellers are out the way (house broker info) there should be nothing to hold them back. should be an interest run into the end of the year.

my 2005 target is 225p

thx for joining the thread, thx for reading and i look forward to all other views, opinions and alternate post sites (thx MS)

rgds
proptrade

Proptrade,

As you know I'm another long suffering believer that ESY was hugely undervalued and filled up again at the mid 60s back in early November. Now I hold way too many but then on days like today I feel somewhat good about life. Another strong blue day tomorrow as the RNS kicks in and the implications have the inevitable oxygen of publicity. I think that this news could be just be the ticket to bring some volume back to ESY which was in any case massively undervalued....and I also believe the sector is finally due for a rise - also hold THUS and think they're ready to bounce if they get over 15p.

KTF!

joe, my co-long holding long suffering ESY buddy!

100p in the next few sessions and my feet are firmly on the ground when i say this!

excuse my ignorance but KTF????

KTF--keep the faith! cheers- hope you are well rewarded. I'm not in these but watching may ditch PXC if it doesn't wake up. MP

cheers sir, of course!

these fings 'ave wings. climb aboard!

i am loving this pup!

Prop,

I do believe that our patience is about to be rewarded.....handsomely. The commercial significance of the RNS is still being digested but the ability to compete head on with a superior product offering at a lower cost AND huge immediate distribution already in place is clearly going to see much inteterst from the institutions and I say again, the telecoms sector is ready to waken up again - a lot of potential M&A will also spark renewed interest. We've both seen false dawns before but this time I think the sun is about to satrt shining very brightly
Joe

Joe,
that was almost poetic!
totally agree, lets just wait for the AOL contracts to roll in. trading statement in Jan should add colour as well.

mickey skint - if you still hold PET it looks like bail out time........

Dunno what has happened to PET but the drop loos ominous......dyor of course.

on the move again. a serious 100p by xmas.

Prop what price you in at.

about here. i was in at 120 earlier this year, tipped out at 150 and averaged down from 110 to the mid 70's. i have been following this like a hawk and the way this company is misunderstood by the market is astounding (i spoke to the house broker who agrees).

this news about wholesale is NEW. i was into the company before but now all we need is one or two contract wins in jan and these propel skyward. sell bt.

serious guys...a quid by crimbo. first time i have written that and really meant it!

Seems like you are right Prop..I have had to wait a bit before releasing some of my holdings elsewhere... PET did me in but I'm hoping to be in to ESY tomorrow. Thanks for the positive postings.

Chris

anytime sir. there is some real momentum in this name which should continue through the jan trading statement as well (forgot to mention that).

ok, quid by today!