This share has taken off over recent weeks. The management has transformed the company. Offshore Telecom presents an exciting opportunity. Rival BBs are very active on this share. It is time for MoneyAM BBs to join in the fun.


Offshore Telecom Plc

KEY NEW ORDER SIGNED WITH XCHANGEPOINT

Offshore Telecom Plc ("Offshore Telecom") announces that its principal operating subsidiary, Matrix Network Solutions ("Matrix") has received a letter of intent from XchangePoint Europe Ltd. ("XchangePoint") for orders which are expected to generate revenues of 500,000 over the next two years.

XchangePoint is a leading provider of metro-area internet interconnect services. It offers its customers an extensive range of services that enables them to balance their peering, transit and access requirements through a single connection on the XchangePoint platform. XchangePoint currently operates mainly in London and in Hamburg, Germany and is planning to expand its services into at least two additional major European Cities over the next two years.

At the outset, Matrix will provide outsourced network support services to assist XchangePoint in rolling out its services into mainland Europe. Matrix will also supply and install the communications networks and associated equipment for this expansion.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

Richard Almeida, CEO XchangePoint added:

"XchangePoint is very pleased to be working with Matrix as a trusted business partner for network services, contributing heavily to earlier implementation of our business plans and vastly improving on the traditional supplier approach. This will accelerate the roll-out of our newly funded plan to grow XchangePoint's business into Europe"

Martin and tang.
Good to have your postings. The more often the better. Need to bring this one to the attention of all those who want to get into something with prospects.

Looking forward to an exciting week ahead. Price moved up well this afternoon. 150K bought at the close for 0.95p. That 1p magic marker is in sight.
Have a good weekend and keep posting.

martin and agwoodisse:

have a good weekend hopefully 2p next week!

OST managed to get on the leaderboard as one of the best risers of the day. Up 10% at number 20. That magic 2 again.

i saw lot of buyer before closed

Just noticed that these shares hit 3.75p at their high. This was long before their current strategy kicked in.

ckmtang. So did I. Next week looks like fun times ahead.

ho;feully next week won`t make us diappointed.....

if it really hit 3.75p again then it will be great and smile.

There is no reason why they will not. Market cap is undemanding. New strategy is bringing in the business and Matrix have significant contracts that have yet to be announced.

have a good week....

Hi Guys. Just logged on. Looking forward to this week. Interest in this share is still growing. Small market cap. Company has been transformed. Two good purchases in Matrix and Norwood. Both profitable. Further contract announcements in the wings. Happy days!

XchangePoint has faith in Matrix. I suspect that Matrix will be adopted as OST's name in the near future. Reminds me of GXnetworks who became Pipex after GXN bought them. Matrix are well respected and should be good for the share price.
"XchangePoint is very pleased to be working with Matrix as a trusted business partner for network services, contributing heavily to earlier implementation of our business plans and vastly improving on the traditional supplier approach. This will accelerate the roll-out of our newly funded plan to grow XchangePoint's business into Europe"

Postings from another BB:

bergster56 - 17 Nov'03 - 14:08 - 756 of 758
why does this one rise 6% then fall back again?
Frustrating

grevis - 17 Nov'03 - 14:26 - 758 of 758 edit
bergster56: The price is behaving much as expected. OST since its recent transformation, is essentially a new company. The MMs will muck about with the share price until a decisive trend has been established.
Its current pattern is similar to that of Cybit a few months ago. Spreads all over the place as MMs tried to make hay whilst they could. 1p was tested several times before it broke free. Now they have been over 4p. Expect OST to do the same fairly soon.
Hold tight. I like the look of this share. Plenty of announcements expected

so what can I do????? hold in and wait... and be patient.

ckmtang
This share is going to rise sooner rather than later. This is a traders delight. The market cap is small compared to its competitors. The price is sub 1p and is set to double. Don't forget that this share was 3.75p not so long ago and yet it is now a much better company. It would not take much buying to set the price alight. Anyone who buys in at these levels will not be disappointed. The fun is just beginning.

From another BB

VERY QUICK - 18 Nov'03 - 10:15 - 765 of 778
Nice 1 mill buy gone through at 0.800p

cmlane - 18 Nov'03 - 10:25 - 766 of 778
VERY QUICK - Nice presentation of what looks like wild speculation as fact
How come you make this a buy when it's closer to the bid than the offer?
How come you know this to be a fact & not speculation?

cableguy00 - 18 Nov'03 - 10:27 - 767 of 778
Sure it was a buy? A bit cheap compared to the indicated offer and mid.
Doesn't really matter anyway 'cos even if it were a sell, it shows someone offering over the indicated bid for their shares.
VQ - did you buy any yet ?

cmlane - 18 Nov'03 - 10:34 - 768 of 778
worth repeating ...
deals at the bid tend to be sells
deals at the offer tend to be buys
deals at the mid-price tend to be what you want them to be

VERY QUICK - 18 Nov'03 - 10:38 - 769 of 778
Cableguy00: Hold 250k at 0.780p

starsiva6 - 18 Nov'03 - 10:43 - 770 of 778
Guys, I am telling you, Just hold this tight. Price will go over the roof soon like CYH. I promise.

yorgi - 18 Nov'03 - 11:22 - 776 of 778
Insideryou,

First I will declare my interest I hold over 250k of OST.
I would agree with your analysis, and buy or sell at prices showing it looks promising.
David

yorgi - 18 Nov'03 - 11:25 - 777 of 778
If one om my other investments reaches the target I am looking for I will release funds to buy some more at these levels.

grevis - 18 Nov'03 - 11:31 - 778 of 778 edit
Hi Guys. Good to see you are still enjoying his thread. That 1 million trade is intriguing. Quotes end of yesterday and this AM, 0.77p sell and 0.90p buy.
Whatever, bodes well for this share. It was steady as a rock yesterday despite the sell off of other gogo shares. Seems as though loose holders have been shaken out. Price should start to rise from here. Should be getting news about that "number of significant new contracts won by Matrix in recent months."

A nice 1 million buy has just gone through.

Down 6% on no trades, MM's messing about?

i also wonder why it drop a lot.

Well its only money. Down 9.3% now

Or maybe something is brewing............