Have a look at todays news threads for EVS, great first half results, important acquisition announced, more exciting news promised in February. Up 25% so far today.

Sparkling results and not much share movement? Hmmmmmm. Was the good news already in the price? Any thoughts on movement of the sp over the next week or so?

Yes they were sparkling, but I think it is the fear in the whole market today that is holding them back.

Cracking results and look at the price. Don't you just love the MM's.

MS

A wee bit better now.

Legal & General on board now. May they be the first of many institutional investors.


Envesta Telecom PLC
23 March 2005


For immediate release: 23 March 2005


Envesta Telecom raises 963,000 and secures first Institutional investor


Envesta Telecom plc ('Envesta Telecom' or the 'Company') the AIM quoted premium
international telephony provider today announces it has secured its first
institutional investor.


Legal & General Investment Management Ltd purchased 17,391,304 new ordinary
shares in the Company ('New Ordinary Shares') at 5.75 pence per share, providing
the company with net proceeds of 962,500 after costs. Application has been made
for admission of the New Ordinary Shares to trading on AIM and dealings are
expected to commence on 31 March 2005.


Following the issue of shares Legal & General Investment Management Ltd will own
7.04% of the enlarged share Capital of 246,981,063 ordinary shares.


Commenting on the investment, Kevin Jauncey, Chairman of Envesta Telecom Plc
stated 'I am delighted to confirm that we have secured our first institutional
investor, this is a significant milestone in the progress of the Company. The
funds will be used to finance the continuing growth of the company as set out in
the roadmap announced with the interim results. '

dont forget that this was languishing for AAAAAAAAGES around 4p, then a sharp 50% rise. my guess is that the results ( good though they were ) are priced in.

EVS is a BUY at this stage - 5.8p considering its huge potential and its recent institutional buying by Legal & General and its great first half results and profit.

Need the pro's and con's of this one folks, been pointed in this direction.
Seems good growth prospects and for comparison I comapred it to PXC where it seems to be trading at a discount to PXC which has been tipped and is apparently trading at discount to the market but cannot break-free of 7.5-9p range. Legal & General buying seems good and before today I hoped for the chance to buy around that price and could have done below it!! Question is where does thew support lie and how far do you think this could go. I'm very tempted. Thoughts much appreciated.

BARGAIN price at the moment - topped up twice this morning at 5.2p and 5.22p.

Remember L&G bought at 5.75p recently. Its great to get in below the institutions. Wonder if they'll be buying any more?

That was my thinking, just wondering whether or not it will go below 5p?
Have we reached the support level or will it go lower before end of tax year?
Looks a potential 2-3bagger from here?
Currently deciding whether to buy today or see what happens tomorrow?
I have been taking profits in the last few months as I'd doubled my portfolio since 2005. Nice to have cash available for bargain prices.

andy, I got in at 6 (what a plonker) so I'm hurting a bit. I think tomorrow could be a repeat of today but how it will effect EVS who knows. I agree this is a potential 2/3 bagger. Flip a coin or as my dad would say "If in doubt do nowt". Sorry I can't be more helpful.

LOL

MS

In decision today due to bad market, should have gone with instinct and got in at 5.25p, it slowed in afternoon so I held off hoping for brief fall again tomorrow. 1m sells late on so hopefully they need some buyers, cant afford 1m though!!!!

Holding steady..

I think action will increase tomorrow and Monday.

There are strong rumours of an IC magazine article tomorrow.

Good or bad rumours? Why more sells than buys today?
Very tempted with this but don't want burnt fingers!!

Where is this strong rumour from?? Is it likely to be a tip?
I am very interested in EVS, but I was also interested in PXC and got out after several boring months with <1% profit!!! Now I'd be in a loss.
I think prospects for EVS much better but would appreciate a reasoned view considering large number of sells today. Thanks to anyone prepared to answer.

It may be just a mention of the good results, or it could be more.

Could drift further today i suppose, but strong support around 5p imo.

Thanks, I'm tempted to wait a little while and see but 5p does seem the support with for some reason resistance above 5.5p? Can't see why when recently above 6p though. Might get in later today or tomorrow.

IC tip EVS as a good value to buy, worth have a look.

ENVESTA TELECOM (EVS)

Envesta is making profits for the first time since it floated on Aim in 1999. It's also taken on board its first big...

swseun, thanks, wish I'd followed my instincts earlier in the week at 5.25p but at the start of the week I was prepared to pay 6p so if I'm lucky I might still get in for around 5.7p!!

Last friday, the margin is 5.6% (quite large), buying @5.85. But I would anyway get in if still @5.85 on monday morning, even I am worrying MM is playing the spread. For long term, I am confident it would up over 6-7p. Wish I am right. Of course, if you read advfn, some got other opinions, worth to read.