As newcomer to this game, there's an awful lot I don't know, so I hope you'll bear with me.

For instance, can anyone suggest why Vanco shares have dropped so much, after what seems to me to be a pretty good set of results, out today?

Thanks
Princess

I've brought this back to the top, in the hope that someone else who holds this may be able to suggest a reason why this continues to tumble? Does someone know something I don't??

Pretty please????

Princess

princess
a couple of tip sheets have recomended investers to sell and lock in profits.If that is why its going down I think it will soon rebound.results were good,I shall continue to hold mine.

I agree with you (1982roy), read the very same thing on Robbie Burns web page, am looking at getting into this as soon as it is stable.

Further details of the Contract Win with Lloyds. Perhaps these are about to do the business at last. A long time favourite of Robbie Burns on Frequent Trader and an all round good company.

Update Re Contract

Vanco signs 19.1m contract

On 28 October 2004, Vanco made the following RNS statement, 'Vanco has signed an
agreement for the provision of telecommunication services with an IT Services
Provider estimated to be worth 19.1m over 7 years. The services do not include
circuits or equipment provision.'

Vanco can now elaborate on the previous statement by explaining that this is
part of the wider deal between IBM and Lloyds TSB described in the release
below:

500m IBM voice and data services deal to enable Lloyds TSB's next-generation
business solutions

London, 6 December 2004 - IBM has signed a 7-year 500 million deal with Lloyds
TSB to enhance the Bank's voice and data services in support of next-generation
business solutions.

IBM will act as the strategic technology partner for Lloyds TSB as the bank
moves to a national dedicated high-capacity fibre, DSL and MPLS network
supporting both voice and data communications. The network integration and
management will be provided by Vanco, a global Virtual Network Operator, and
will include technology from a variety of carriers to provide high performance
connectivity to all Lloyds TSB branches and cashpoint machines. Vtesse Networks,
a gigabit optical networking provider, will supply the high-capacity fibre
network.

The implementation, which includes almost 70,000 Voice over IP (VoIP)
telephones, is one of the largest ever in Europe and will reduce Lloyds TSB's
network costs, while providing a flexible, variable-cost, high-bandwidth, on
demand infrastructure that will support the bank's evolving business
requirements.

'Not only will we provide dramatic efficiency improvements, but we will also
open complete new horizons in terms of possible applications to support Lloyds
TSB's business,' said Tony Cronin, General Manager, EMEA Financial Services
Sector, IBM Global Services. 'The new infrastructure, which can easily support
initiatives such as server consolidation or voice over IP, provides a
responsive, variable-cost and on-demand communications architecture that can be
aligned directly to Lloyds TSB's business structure. Business processes that
might once have been restricted by the inflexibility of the infrastructure, can
now be enhanced in response to competitive or customer demands.'

'This project will allow us to increase the cost efficiency and enhance the
flexibility of our IT infrastructure, by providing our staff with a more
efficient and responsive service for our customers,' added Igor Andronov,
director of IT at Lloyds TSB. 'In working with IBM, we benefit from its
expertise in project management and this innovation will help to transform our
infrastructure into a 24 hour service platform for our business systems.'

This new solution will reduce incremental bandwidth costs, allowing Lloyds TSB
to consider alternative Web-based or bandwidth-hungry applications that would
not previously have been viable. The new infrastructure, which will be rolled
out over the next 20 months, will feature a single network for voice, data and
video with direct links to mobile and call centre services.

'Our clients are now demanding wider business transformation services
engagements where they not only gain significant cost reductions, but can also
achieve step changes in effectiveness and business capability allowing them to
respond to changing market conditions,' added Cronin.

Given that this is a very well run company and a growth company, we must expect the share price to rise. What has been happening for the last four months is a good, healthy consolidation of the share price. That consolidation phase may well be coming to an end so that an attack is imminent on the all-time high of 540. When that is successfully accomplished the price should climb steadily and, on the basis of the last climb. a 50% increase is likely.

It is 65+% up over the year. A little consolidation is a good thing. The volumes are small and I suppose majority are awaiting end of the year results and update. Should be good.

Well I must say this share has had crap performance this year but I bought into it yesterday as a Recovery Play. I must say the company looks solid and it has been way oversold IMHO...5% up since buying it yesterday...come on VAN keep it up :-)
Di

Unbelievable drop here, when I think I sold out close to 5 a couple of years back, very nearly bought back several times, makes my moan about ITM look ridiculous !

EK certainly got this one right!

Crikey, you're right, I forgot he was shorting this, (he really is an incredible investor, shorter) must hope he doesn't start on mine !

Blimey a huge drop...I'm glad I sold mine at 196 a while back. These sort of shares are dangerous and I wouldn't want to hold for long. I hope no one here got burnt.
Di

and i thought i was ugly!

Landsbanki shifted its stance on the stock to 'reduce' from 'hold', saying the indication that average net debt was considerably ahead of guidance significantly increases the risk that Vanco will breach the covenants on its existing facility.

Hi , Anyone any thoughts on this or is VANCO VANISHING ?

This looks like it is in trouble....even if it survives the debt will be huge !, how the mighty have fallen...was 5 not too long ago and a so called stockmarket darling !

I would think that there is a good chance of this being another CART.

Has all the same feel, poor management, large debt, thank you and goodnight.

Vanco Promising write up in The Mail today hinting could be target for a big player to get involved