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yoomedia share for the future (YOO)     

mactavish - 10 Sep 2004 22:20

Company Profile

YooMedia plc is one of the fastest growing interactive entertainment companies in the UK.
Since 1997 we have been developing and launching leading B2C consumer brands in the gaming and community sectors. We also work in a B2B capacity with leading brand owners, agencies, content developers and broadcasters to design and develop their interactive content strategies.

Led by Executive Chairman Dr. Michael Sinclair and Group Managing Director Neil MacDonald, YooMedia has assembled a highly experienced management team that possesses a unique blend of skills and experience in the areas of Digital TV, Internet and mobile phone services and technology.

With main office locations in London, Exeter and Maidstone, YooMedia manages core assets including:

Over 30 office locations throughout the UK alone

State-of-the-art studio, production and post-production facilities at our Wapping location.

UK broadcast return path & bandwidth owner

Fully fledged UK Bookmaker License

Database with over 350K UK singles

SMS Engine access with international reach

Fully staffed 50 seat Customer Contact Centre in Maidstone, Kent

YooMedia Dating & Chat - Our dating subsidiary company manages the oldest and largest UK-owned dating brands including Dateline, Club Sirius and Avenues. YooMedia Dating has over 20 office locations throughout the UK and also manages YooChat, our world-leading interactive chat service found on UK digital cable on the Telewest platform (platform extensions planned for 2005).

YooMedia Gambling & Games - Combining the brands of Avago and Channel 425 (in partnership with William Hill) YooMedia is on the leading-edge of interactive fixed odds, casino and poker gambling services for digital TV, the web and 3G mobile phones. Our gaming business also manages YooPlay, the only interactive just for fun games channel found on all four Digital TV platforms in the United Kingdom.

YooMedia Enhanced Solutions (YES) - YES works with brand owners, agencies, content owners and broadcasters to clarify the options, define the strategies and deliver the interactive content that enhances consumer and audience experiences. YES customers include the BBC, Nestle, Celador, William Hill, Channel 4, ZipTV, The Cartoon Network and HR Owen.

dominic simpson esq - 20 Jun 2005 21:19 - 1694 of 3776

Well, since my post i have been inundated with e-mails asking me to say a bit more about myself.
My name is dominic simpson esq and i run a share tipping service. I started it a few years ago and paid Satchi and Satchi to come up with a name for the new business. It is called "dominic simpson esq share tipping service"
I was well pleased with the name they come up with.
I also am a collector of tomatoes and am a shrewd investor, living in Shropshire.

This is a picture of me hearing there was a market maker buy in Yoo today....

p1001044.jpg

paulmasterson1 - 20 Jun 2005 21:23 - 1695 of 3776


Frodo Hi,

MoneyAM, ADVFN.com, and UK-Wire have 3.75

I guess that means don't sell any through Comdirect !

I guess we will have to see what price it is at 07:59:59, but I doubt it will be 2.75 bid :)

Cheers,
PM

paulmasterson1 - 20 Jun 2005 21:26 - 1696 of 3776


Dominic - LOL !!!!

Not your best pose I think :))))

SIX MM BUYS today, 6,500,000 in total, and MM's don't buy stock for themselves, unless they KNOW they will make A LOT OF PROFIT :)

Cheers,
PM

paulmasterson1 - 20 Jun 2005 21:36 - 1697 of 3776


YOO will do well in USA,with Broadband TV, combined with interactive services.

"$75 billion earmarked for the fibring of America"

http://www.marketresearch.com/product/display.asp?partnerid=885830502&productid=1021637

2004 Global Emergence of Fibre to the Home report
Executive Summary

In 2004, with close to a hundred trials and projects underway, Fibre-to-the-Home (FttH) - or Fibre-to-the-Premises as its increasingly called to highlight the importance of business customers - is approaching a critical point in terms of the technologys commercial viability.

While FttH projects have been in existence since the early 1980s, to date no economic models have existed to address its commercial deployment. This is set to change in 2004. Initial capex for greenfield roll-outs will, for the first time, reach near parity with DLC, copper and DSL. Lifecycle considerations now also favour FttH (or Fibre to the Curb) roll-outs.

As always, some countries are more forward-thinking than others, and the usual suspects, Japan, Korea and Scandinavia, are at the forefront of developments in the FttH market. However, it is the commitment made by the US telcos in 2003 that will make the real difference. With $75 billion earmarked for the fibring of America, vendors are now coming up with better prices and this will make these roll-outs more economically viable. These developments will be led by Verizon, but the main drivers will be, not the incumbents, but local government and utilities.

--------------------------------------------------------------------------------

Number of Fiber-Connected Homes Doubled in 2004 The number of homes in the United States connected to fiber-to-the- premises (FTTP) networks more than doubled in 2004, and the number of homes passed by such networks grew more than fourfold, according to a new study published by Render Vanderslice and Associates and cited by TelephonyOnline, November 30, 2004. Homes passed were projected to reach 970,000 by the end of the year, up from 189,000 in October 2003. Connected homes were projected to grow to 146,500 from 64,700. Render Vanderslice further predicts connected homes will grow more than 400 percent in 2005. The news comes as regulators clarify the landscape for commercial broadband platforms. The Federal Communications Commission (FCC) has exempted new fiber optic networks from line-sharing requirements it placed on copper access lines. Incumbent telephone companies now can make a business case for integrated broadband services thanks to new high-end consumer video and entertainment services that will use the massive 100 Mb/s FTTP provides. SBC, for example, has committed to a $4 billion FTTP rollout and hopes to serve more than 18 million customers by 2007.

--------------------------------------------------------------------------------

$4Bn being spent by SBC on "Fiber to the door" ?

Well you can read about the project here ....

http://www.sbc.com/gen/press-room?pid=5838

And this is just PART of the USA's $75Bn set aside for "Fiber to the door", and that is only a small fraction of the global move by the industrialised countries, to move to "Fiber to the door" by 2010.

Stanelco could make a fortune out of that too over the next few years !!!!

Look at the BIG PICTURE !!!!


"Under Project Lightspeed, SBC will provide integrated IP-based television, ultra-high-speed broadband, IP voice and wireless bundles of products and services. With today's announcement, SBC will significantly accelerate its previously planned deployment pace and now plans to reach 18 million homes by year-end 2007. Through Project Lightspeed, the company will deploy 38,800 miles of fiber double the amount used to build out the company's DSL network at a cost of $4 billion to $6 billion."

http://www.sbc.com/gen/press-room?pid=4800&cdvn=news&newsarticleid=21427

--------------------------------------------------------------------------------

Verizon are also doing "Fiber to the door" in the USA ....

"Verizon Communications leads the charge to deploy fiber-optic cables to customer premises. Several factors drive the initiative, including pressure to generate new revenue from video services; however, regulatory barriers may hold it back in the short term.

The Yankee Group anticipates Verizon will pass more than 350,000 customer locations by 2004. This should generate more than $150 million in broadband equipment revenue. During the next five years the deployment will reach almost six million homes, apartments and businesses, and will generate equipment revenue of nearly $3 billion.

Equipment vendors that produce optical line terminal equipment, optical networking units or terminals and set-top boxes are well positioned to take advantage of this enormous capital project. Verizons leadership ultimately will pave the way for other carriers to enter the fiber-to-the-premises (FTTP) arena. The Yankee Group expects the overall opportunity to grow as the market matures. "

http://newscenter.verizon.com/kit/fiber/

http://news.com.com/Verizons+fiber+race+is+on/2100-1034_3-5275171.html

http://news.com.com/Verizon+announces+final+fiber+suppliers/2100-1037_3-5130712.html?tag=st.rn

"A Dow 30 company, Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services, with approximately $68 billion in annual revenues"

--------------------------------------------------------------------------------

The broadest broadband, of course, is optical fiber, the only medium capable of moving data at multigigabit-per-second speeds. It's fiber that will ferry us into a future of thousands of television channels, videoconference telephony, movies on demand, distance learning, telemedicine, and a digital record of every sight and sound around us.

We've known this for two decades. Yet only rarely is an existing residential connection being refurbished with fiber. That will soon changein fact, the pace of fiber installation is expected to pick up dramatically in the next few years.

This past summer the three largest U.S. telecommunications providers, Verizon, SBC, and BellSouth, agreed on a common set of standards for residential fiber-optic networks. That congruity is expected to lower costs and unleash a tidal wave of spendingVerizon alone reportedly has plans to embark on a 10- to 15-year US $20 billion to $40 billion upgrade of its fiber-to-the-premises networks.

http://www.spectrum.ieee.org/WEBONLY/publicfeature/jan04/0104comm3.html

--------------------------------------------------------------------------------

Telcordia too ....

Fiber-To-The-Premises (FTTP)
An Opportunity for suppliers who can certify the quality, interoperability, performance, and features of their products


The challenges for the RBOCs in deploying FTTP technology are legion an estimated total investment of $45 billion to $50 billion, connecting more than 30 million customers (50 million voice lines), and overcoming entrenched investor skepticism, for starters. However, even the biggest detractors admit that the buzz over FTTP has gotten loud, and RBOC progress toward FTTP deployment is now measurable and undeniable. FTTP is happening; it is the future; and, as industry developments go, this is big.

http://www.telcordia.com/library/whitepapers/fttp.jsp?id=110

--------------------------------------------------------------------------------

Fiber to the premises to grow 54% a year till 2009

KMI Research predicts Fiber to the Premises (FTTP) is poised for a 54% CAGR through 2009. The analysts say that Verizon's announcement and commitment to pass one mln homes in 2004 has made FTTP the fiberoptics industry's most exciting development since the late 1990s. KMI Research forecasts that the total FTTP market for equipment, cable, and apparatus will reach $3.2 billion in 2009.


http://www.alwayson-network.com/comments.php?id=P5846_0_6_0_C

http://kmi.pennnet.com/press_display.cfm?ARTICLE_ID=211004

http://kmi.pennnet.com/report_display.cfm?rep_id=119

------------------------------------------------------------------

And the UK !!!!

ECI Telecom Selected as Sole Supplier by BT for FTTP Trial


BASINGSTOKE, UK - 10th June 2004 - ECI Telecom (NASDAQ:ECIL) announced today an agreement to deploy Fibre To The Premise (FTTP) equipment as part of BT's (British Telecom) flagship 21st Century Network initiative. This is one of the first 21st Century Network initiatives that BT will be deploying in the UK network.

ECI was selected by BT as sole supplier to provide the trial as it was able to deliver the technology and 21st Century services ahead of the market.

The trial will include 3,000 homes with active connections to more than 1,500 residential users and in excess of 100 business users.

ECI and BT will go live on the trial in October 2004 with voice and data services carried over BT's existing digital exchanges.

ECI will deploy the trial using the highly versatile Hi-FOCuS 4 platform developed by its Broadband Access Division. The Hi-FOCuS 4 platform is a full size Access Gateway, offering high density broadband connections, including all flavours of DSL and Fibre, from a single shelf, suitable for mass deployments to central offices or street cabinets.

BT's Ian Lawrence, Head of Access Bearer & Technology said, "We are pleased to be working with ECI for this important trial; which will enable us to really understand the costs and benefits of deploying fibre, rather than copper, to homes and businesses in Greenfield sites or new build developments".

ECI was chosen as the best supplier following a strongly contested ITT process based on BT's rigorous criteria. Among the considerations were ECI's ability to deliver voice, video and data services from a single highly flexible platform, ECI's ability to meet BT's rigorous time to market requirements, ECI's strategic fit with BT's future 21 Century network architecture and value for money.

Ben Thomas, Managing Director, ECI (UK) said, "We are proud and delighted to showcase this solution on one of the biggest stages in the global market and to demonstrate how this technology translates into a superb experience for BT's customers".

ECI has been a major supplier to BT over the last 20 years providing solutions from both Broadband Access as well as Optical Divisions. Current contracts include broadband products such as CWSS (Copper Wideband Serving Section) providing HDSL services into BT Wholesale and BT Retail. In addition, ECI has supplied 100% of BT Global Services' voice compression (DCME) deployment and the Global Managed Platform with ECI's Cross Connect technology.

About ECI Telecom
ECI provides advanced, telecommunications solutions to leading carriers and service providers, worldwide. By translating a deep understanding of its customers' needs into innovative, technologically excellent solutions, ECI enables its customers to increase the value of their networks and reduce operating expenses. ECI's platforms enable carriers and service providers to easily introduce new revenue-generating services. ECI has pioneered key technologies including voice compression, SDH, DSL, and has enabled the establishment of global networks. ECI specialises in metro optical networks, broadband access, bandwidth management and carrier-class VoIP solutions.

Certain statements contained in this release may contain forward-looking information with respect to plans, projections or future performance of the Company. By their nature, forward-looking statements involve certain risks and uncertainties including, but not limited to, product and market acceptance risks, the impact of competitive pricing, product development, commercialisation and technological difficulties and other risks detailed in the Company's filings with the Securities and Exchange Commission.

--------------------------------------------------------------------------------

The BT Group has made a couple of important announcements with regards to its much vaunted 21st century network plan. The two main press releases can be read here and here. It would appear that the main thrust is that limited trials of fibre to the premises are to take place and a transition away from the traditional PSTN network to an IP to IP network for voice traffic will occur. One key target is that BT is aiming for the majority of customers PSTN services to be on an IP network by 2008.

BT has also announced that as part of its 21st Century Network (21CN) a programme of fibre to the premises trials at Martlesham Heath, Suffolk; at Kents Hill, the Bolbeck Park and Walnut Tree developments in Milton Keynes; and at the Waterfront Studios business centre, at Silvertown in London's Docklands will take place. These trials will involve around 1500 homes and businesses and involve the fibre been installed and working in October 2004, with the trial running until October 2005.

The 21CN is not all about fibre to the premises some of the work is revolving around increasing the bandwidth to the home over existing copper so that multiple services are more readily available to both businesses and consumers. A word of caution the trials do not mean that we are going to see massive fibre to the premises deployments in the near term, it is really BT exploring the area and getting data on what the actual costs and problems of doing this on a large scale would be. Then they will be able to better assess the way forward, it may be that BT finds new developments are better served with fibre to the premises, but where a copper network exists limited fibre to the street cabinets may suffice.

And ....

http://www.btplc.com/news/articles/showarticle.cfm?articleid=441971ad-6ec0-49cd-a573-b102cae96e3e


'Fiber Fever' Contagious And Profitable For Equipment Vendors

11/10/2004 Oyster Bay, NY -- Will large numbers of us start getting "triple play" -- video, Internet and telephone services -- via optical fiber within the next year? It's unlikely. But that day will come, thanks to the rapidly expanding reach of fiber-to-the-home infrastructure.
That is why, according to a new study from ABI Research, the major opportunities in the fiber-to-the-premises market today, lie with equipment vendors. It is they who will provide the infrastructure that will make it possible.

"Until now," says Vamsi Sistla, director of broadband and residential entertainment technologies, "everybody has been concentrating on the RBOCS (regional Bell operating companies), such as Verizon and SBC. They have been seen as the 'prize bull' opportunities for vendors; but to mix a metaphor, there are many other branches where equipment and infrastructure vendors can pick the 'low-hanging fruit'."

Real estate developments, municipalities, utilities, CLECS and RLECS (competitive and rural local exchange carriers) -- all these are optimistically embracing this chance to compete with cable and DSL vendors, or the RBOC giants. Fiber levels the playing-field for them.

The increasing trend towards building "smart homes" will also spur demand for fiber infrastructure, says Sistla, adding "we've also seen municipalities and local authorities right across the globe grouping together to deploy fiber, in highly successful projects. Other local organizations look at that success and catch 'fiber fever' too, seeing a chance to make money while benefiting the community." Local and state governments, facing losses of tariff income due to the gradual replacement of conventional phone traffic with VoIP calls, are glad to support a new revenue stream.

ABI Research's new study, "Fiber to the Premises (FTTH / FTTP)", focuses on the FTTP market, first looking at the technology issues involved with FTTP platforms and then assessing the FTTP market in terms of subscribers, network builds, equipment market, per-subscriber costs, and the services that will drive FTTP adoption.

Founded in 1990 and headquartered in New York, ABI Research maintains global operations that support annual research programs, quarterly intelligence services and market reports in wireless, automotive, semiconductors, broadband, and energy. Their market research products can be found on the web at http://www.abiresearch.com.

--------------------------------------------------------------------------------

What is making FTTP possible, at 10 GB/s plus ....

02:00 AM Aug. 17, 2004 PT

A new nanotechnology that eliminates network bottlenecks could help create a web surfers' paradise that is 100 times faster than today's internet.

Fiber-optic networks capable of sending information at 10 Gbps or 40 Gbps are being rolled out around the world and under the oceans to connect everyone to everything. But getting information to pass from one high-speed network to another can be slowed by electronic switching technology

The new technology, described in a paper published Aug. 11 in the scientific journal Nano Letters, uses buckyballs glued together by a custom polymer, providing a way to create an optical switch.

"Switches and routers do introduce latency," said Karl Lehenbauer, chief technology officer of broadband networking company Superconnect. "If the (data you request) has to pass through 15 to 20 routers, you can see a lag in response," he said.

Part of this slowdown is caused by the conversion and reconversion of information from its optical (light) form to electronic data used by switches and routers, according to Ted Sargent, a professor in the electrical and computer engineering department at the University of Toronto.

"We haven't been able to speed the scale of (electronic) routers to keep up with the speed of fiber-optic links," Sargent said. The solution, according to Sargent, is to upgrade to optical switches that can forward data at up to 100 times the speed of today's fastest networks.

Sargent worked with researchers at Carleton University to develop a new polymer material that could be integrated into optical switches. "You could have an optical switch that directs incoming information to go north to San Francisco or south to Los Angeles as needed," Sargent said. That option would trump electronic alternatives for performance -- the light (and data) would pass through the switch in as little as one-trillionth of a second, according to Sargent.

The researchers created a thin film by using a custom-made polymer to glue together nano-sized buckyballs. The gluing process creates a material composed of larger electron-rich molecules with sufficient power to cause light that passes through to control the direction of other light, providing the switching capability, Sargent said.

"This demonstration is a major advance in closing a gap" in how materials can be used to control light in optical devices, according to Mark Kuzyk, a physics professor at Washington State University. Kuzyk said materials studied previously could control only 3 percent to 5 percent of light.

The new material approaches the theoretical limit of what is possible according to the laws of quantum mechanics, according to Kuzyk. "Once all-optical devices and systems become prevalent, electronic bottlenecks will no longer be an issue," he said.

Superconnect's Lehenbauer agrees that "it's fascinating" to have material for an optical switch, but warns "it could be awhile until an all-optical network is possible." Lehenbauer said switches and routers must identify individual packets and route data intelligently, tasks that are not possible using a simple optical switch. "Unless you have an optical computer inside the switch to make these decisions, you'll still need electronic components."

Lehenbauer said the technology would make sense in other applications focused on transmitting data. "It could be great as a super-fast optical repeater that regenerates a signal over long distances," Lehenbauer said.

"The Holy Grail is to have an all-optical network," according to Paul Polishuk, president of network consulting company Information Gatekeepers. But obtaining it could also be a nearly impossible quest, Polishuk said.

Polishuk said substantial research dollars were invested in optical switches in the last few years, but several companies abandoned their efforts because they could not develop devices durable enough to survive in a network environment.

Polishuk also questioned the need for higher-speed networks. "Who's going to buy it when 40-Gb networks aren't getting off the ground?" he asked.

Optical-networking company Infinera is taking another approach to boosting internet performance. The company has developed a photonic integrated circuit, a hybrid of optical and electronic technologies, according to Serge Melle, vice president of network architecture.

Melle said the technology combines discrete functions into a single chip, and can transmit data at speeds of up to 100 Gbps.

"People are doing in optics today what was done with semiconductors 40 years ago," Melle said

dominic simpson esq - 20 Jun 2005 21:38 - 1698 of 3776

Paul
Exactly, these MM buys are exciting, you get some muppets saying they can equally be sells as a MM is selling them to another MM, making them swops more than buys/sells, but i think they are buys todays..fillyerboots.
The above is based on getting insider knowledge from my city contacts.
dominic simpsom esq (a man who knows his onions)

hewittalan6 - 20 Jun 2005 21:44 - 1699 of 3776

Onions!!! I thought you said tomatoes!!! Don't confuse me!!!
Alan

Scripophilist - 20 Jun 2005 21:46 - 1700 of 3776

This is very funny.

Dil - 20 Jun 2005 22:05 - 1701 of 3776

Pauly's more into turnips and is a bit of cabbage with a pea for a brain.

wilbs - 20 Jun 2005 22:15 - 1702 of 3776

hewittalan6 20 Jun'05 - 21:44 - 1698 of 1700 Filtered
for getting confused.
wilbs

paulmasterson1 - 20 Jun 2005 22:17 - 1703 of 3776


Dominic Hi,

AYE !

MM buys are shown on Level 2 for a reason, they are a BUY signal, nuff said :)

I filled my boots last thursday, 230,457 at 4.02p average, and I have been waiting to get back into YOO for about 22 months, I bought at 18p and sold at 37p that time, and have had them on my watchlist ever since, and 4p is a bargain, even 9p is cheap :)

Yoomedia second higest buy on IWeb today, highest on friday, anyone know how well YOO is doing on Comdirect, ETrade etc, please let us know :)

Cheers,
PM

paulmasterson1 - 20 Jun 2005 22:28 - 1704 of 3776



And this is why MM's buy .... and why MM buys are Level 2 BUY SIGNALS !!!!



At first look, this strategy makes no sense: Why would the market maker buy the stock at $30 1/16 for their own account and take on the risk that the stock would fall, when they could simply do a riskless cross of the trades? It seems like wild speculation. But in reality, the market maker is not speculating at all, and in fact they are executing the trading equivalent of a slam dunk.

How could this be? First off, the market makers maximum loss on the stock is actually limited to 1/16, thats because they still have a valid limit order at $30. If the price ever started to fall, they would simply sell their stock to the customer who has the limit order.

While their downside is limited to 1/16, the market maker never would have made the trade in the first place if they didnt have a very good idea that the stock was in fact going up.

How would they know that? Once again, given that they control a large portion of the trading volume in the stock and have been given hundreds, perhaps thousands, of open orders to buy or sell at specific prices, the market maker has at their disposal a virtual treasure trove of information that only they can look at. For example, if the market maker saw a huge number of open buy orders and a decreasing amount of open sell orders, they might be reasonably confident that the stock was going up.

Thus in our price improvement example, the seller didnt really get the best price, because in all likelihood the market was about to move sharply higher, while the customer with the open limit order to buy never even got a chance to buy as the market maker simply stepped in front of their order and then used them as a backstop in case the market turned. Hows that for a customer friendly trading strategy?

I could go on and on with more examples of how wholesalers routinely use customer information to improve their own trading profits, but suffice it to say that this is a widespread practice throughout Wall Street today that is generally accepted as part of the business.


Full story here ....
http://billburnham.blogs.com/burnhamsbeat/2004/01/ripping_off_the.html

Scripophilist - 20 Jun 2005 22:53 - 1705 of 3776

Cannotunderstand - 20 Jun'05 - 22:28 - 1703 of 1703 Irony

The Gull - 20 Jun 2005 22:56 - 1706 of 3776

Hi Paul

Hope you had a good weekend.

I have a problem for you to solve re the mm buys - there were mm buys at 20p?

akel44 - 20 Jun 2005 23:11 - 1707 of 3776

this thread is a great laugh,
by the way brokers recomendation, "overweight"
but i suppose this could change!

Kayak - 20 Jun 2005 23:17 - 1708 of 3776

That just means the broker is tubby...

chocolat - 20 Jun 2005 23:39 - 1709 of 3776

Guess that'll be Tinky Winky then.

moneyman - 21 Jun 2005 00:10 - 1710 of 3776

Ideal opportunity to buy into a growth company at this paltry level. What were the losses last year and what are the forecast losses this comming year ?

Nobrainer at this level.

dominic simpson esq - 21 Jun 2005 07:53 - 1711 of 3776

Kayak is correct this time, when a broker dealing in YOO for example says he is overweight, it means he is fat. I saw WINS said they were overweight BARC yesterday, so i went down to the bank to see them, here is a picture of WINS (Winterfloods)..

fat_man_large.jpg

paulmasterson1 - 21 Jun 2005 08:02 - 1712 of 3776


LOL !

paulmasterson1 - 20 Jun'05 - 21:23 - 1694 of 1710 edit

Frodo Hi,

MoneyAM, ADVFN.com, and UK-Wire have 3.75

I guess that means don't sell any through Comdirect !

I guess we will have to see what price it is at 07:59:59, but I doubt it will be 2.75 bid :)

Cheers,
PM

paulmasterson1 - 21 Jun 2005 08:26 - 1713 of 3776


Hi All,

Well, as I was saying last night, YOO is about to start moving, and the tick up to 4p after volume of ONLY 295,358 bought and 125,000 sold, proves it I think ....

Cheers,
PM
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