Its not often you see a company enjoying such explosive growth in demand as that which Aim debutant Win is forecasting. Formed in 1996, Win provides short messaging services for corporate customers, which enables them to send and receive text messages to and from the mobiles of their client base. Sharing the text message charge with its business customers and mobile operators is how it generates revenues.


IPO information from IC

Wins market, which it shares with four major and a number of smaller competitors, is estimated at 300m this year, having doubled last year. This growth is coming through loud and strong to Wins traffic numbers; it delivered around 105m text messages last year and in the first half this year has delivered over 90m; in the second half so far traffic is running at over double the level seen a year ago. Traditionally, the second half is the stronger following the start of the football season and the surge in mobile phone sales ahead of Christmas.


Following the introduction of cross network premium rate billing, profits are starting to climb, too. After a loss of 1.6m in 2002, on turnover of 4.7m, Win made profits of 360,0000 last year on turnover of 15.3m and, in the first half of 2004, profits of 625,000 on turnover of 13.2m

the following statement from the IPO:


''The second half of 2004 has started well with messages delivered since 1 July
2004 more than twice the level of messages delivered in the equivalent period
last year. Traditionally, WIN benefits in the second half of the year from the
return of the football season in mid August and the increase in mobile phone
sales leading up to Christmas. In addition, a number of new clients signed up in
the first half of 2004 are starting to generate significant revenues. The
Directors look forward to the remainder of 2004 with confidence.

Mkt Cap is just 20m, profits for this year should be about 1.3-1.5m.

RGO - PE 30.
WNN - PE 14.
RGO less turnover, less cash in the bank than WNN.

seems a no brainer.

Little interest here by the looks of things which is strange.

Breakout over the last few days looks likely to continue imo, MOB motoring too and these are cheaper I reckon.

capa

I think these are heading towards 5.00 pretty swiftly, results out soon should help it along nicely.

capa

Interim results out this a.m are better than I expected.

Looking at 100%+ growth on a modest multiple, miles cheaper than anything else in the sector.

Cash in bank, looking at ways to pay a dividend, optimistic outlook, yet the price drops !!

Got myself some more on the dip.

capa

been a while since posting,
just broken 300p - technical resistance - so could move up quickly.
trading statement recently was very bullish.
Results March, will be very good. PE still about 12, strip out cash that could be 10...

great potential.

Well I'm still holding these, surely my patience will be rewarded soon.

My most frustrating holding by far.

capa

why have they fallen so much?