ATCG Results due monday expected to be good, returned to profit last interims, major new contracts won recently with Vanco, Siemens and extended contract with BT for a further 6 years. Share price has suffered lately due to Mark Woodbridge leaving (he was previously director of Torex Retail June 2000 to 2003). Expect a strong recovery on back of these contract wins and aquisition of Rocom

AT Communications Group Plc
06 December 2006

6 December 2006



AT Communications Group Plc

Trading update and major new contract win



AT Communications Group Plc (AIM: ATCG; 'ATC' or the 'Group'), one of the UK's
leading business to business communications groups, today announces a trading
update for the year to 31 December 2006 including expected profits and progress
on the integration of Rocom, as well as a major contract win with Siemens.

Trading continues to be generally strong, with the Group awarded a substantial
new contract with Siemens Enterprise Communications for online services using
Rocom proprietary e-trading platform, RocomX, as well as the provision of
managed services.

The Board expects to secure additional contracts during Q4 but the bulk of these
revenues will be recognised in 2007. The Group expects to report pre-tax and
pre-goodwill profits in the order of 4.5 million, having reported a loss in the
previous financial year. The Board also expects to pay a maiden dividend for
the year to 31 December 2006.

Since the Rocom acquisition in August 2006, the Group has largely completed the
reorganisation and integration programme and will fully operate as three key
business units with effect from January 2007.

The Rocom brand is now used for all distribution and channel customers with ATC
indirect (channel) customers now serviced by Rocom, as service teams of both
organisations are fully integrated. Cross-selling opportunities across the
direct sales teams are also already being exploited.

The Group is about to launch a newly branded Service division which comprises
engineering and technical service delivery to direct and channel customers as
well as third parties such as BT and Vanco.

Up again: ATCG Bid: 41p Offer: 45p Change: 1. 38K traded

Pity the spread keeps widening, rather than the bid moving up in line.

Spread would be to attract sells and discourage buys.......cause basically its cheap cheap cheap :)

Right - definitely looks like a move by the MM's to discourage too much buying right now, whilst still allowing the mid-price to rise.

We've been valued at 101p per share!

--this was posted on the other bb ands probably explains the activity today

http://www.danielstewart.co.uk/CMS/nmanagerpro/attachments/ATCG_2pg_Apr07.pdf

Yep, 70p target price.

Sorry for delay, been away.

This is latest consensus on ATCG

On 2nd April AT Communications announced that it had placed 5.3m shares with financial institutions at 37p, raising gross proceeds of 1.96m. The funds will be used to pay down debt and provide additional working capital to support the group's continued growth.

The placing - although improving the balance sheet - has increased the capital base by approx 8.5%, thus marginally diluting returns. Consequently EPS forecasts for this year and next have been reduced to 6.7p (vs 7.0p) and 8.1p (vs 8.4p) respectively - with the fair value also nudging down from 67p to 64p.

Buy recommendation up to 49p

Forward PE for 2008 of only 4.8 (6.0 for current year). Decent.

Thanks for the post, RB - well spotted!

Whilst 2006 results were encouraging, debt levels looked uncomfortably high and pleased to see additional new equity raised via placing at 37p (1p below what I paid several months ago for a modest stake). This will hopefully ease pressures on cash as the business grows, but I will wait for interims before considering putting in more.

from:

THE TIMES

April 13, 2007

"In the know

Rumour of the day, director deals, bet of the day and tiddler to watch
....
Tiddler to watch

AT Communications, an AIM-listed network integrator, rose 1p to 41p on takeover news in its sector. South Africas Datatec has made a 20.7 million bid for Crane Telecoms. Analysts feel AT stock would be worth 102p using the same metrics. "

Up this morning: ATCG Bid: 42p Offer: 45p Change: 2 on 55K traded. Low volume compared with yesterday's 500K turnover.

But at least I've now broken even :o)

Nice....102p :)

up some more: ATCG Bid: 44p Offer: 47p Change: 4 now 615K traded

Tipped in Trendwatch earlier this week it appears from a post on AFN. Trendwatch refer to the latest DS Note and quote a prospective PE of just 4.7 for 2008 and a PEG of just 0.15. Their conclusion was that those who had originally participated in the placing last summer (to partially fund the Rocom deal) will see a share price well ahead of the 48p that they paid then !

PP, I too calculated a ridiculously tiny PEG. Nice.

All ATCG now needs is a bit more media mention......

- and today it has broken through the 45p resistance level!

More like crawled through - but hey, the volume was decent by the standards of this stock. 400,000-odd.

The move up looks not solid as yet, a move to 46p bid price would be better imo.

Tick up, 2 v 1 but still not 46p bid yet......

Nice news :)

http://www.investegate.co.uk/Article.aspx?id=200704180700300372V

AT Communications Group Plc 18 April 2007

2.5m voice services contract secured

AT Communications Group plc (AIM: ATCG; 'ATC' or 'the Group'), one of the UK's
leading information, communications and technology (ICT) groups, has secured
2.5 million of annualised reseller contracts. ATC's Rocom division will now
manage the reseller contracts on behalf of a leading UK-based telecoms operator
and carrier. These contracts were migrated to ATC as a result of the Group's
ability to provide a broad range of communications technology and solutions.

In addition to the enhanced earnings visibility through the existing annual
voice services contracts, ATC is now actively working with these customers to
cross-sell additional products and services from the Group's broad portfolio
under the existing supplier relationship.

Alex Tupman, AT Communications Group Chief Executive, said:
'This is a significant development as it demonstrates that our revamped reseller
and end-customer propositions are extremely strong and broad. Our strategy of
focusing on both direct and indirect routes to market is enabling us to maximise
the opportunities across the UK ICT market.'