Does anybody know much about this company, graph looking good from previous lows??

PRESS RELEASE

Spectrum Internet Services with Coffee Mania at the Wales Millennium Centre

Spectrum Interactive have installed two internet kiosks and WiFi service with Coffee Mania at the Wales Millennium Centre (Cardiff).

Wales Millennium Centre is a vibrant, living centre with activity throughout the day and into the night. Visitors can listen to free music over a cup of coffee or glass of wine, visit the hands-on interactive gallery, or join in with one of the wide range of creative workshops. It is a place to browse, relax and soak up the atmosphere.

Now visitors to the Millennium Centre are able to access the internet at Coffee Mania and surf the net whilst they relax with a coffee. Spectrum Interactive have installed two internet kiosks on site, enabling anyone to browse the internet.

Spectrum also provide wireless access on site (WiFi) so that customers with their own laptops or PDAs are able to log on to the internet using their own equipment.

From IC this w/e

Spectrum is switching between two quite different telecom businesses. On the one hand, it operates over 9,000 payphones (over half of which are in London) whose revenue is rapidly diminishing. On the other hand, income from internet terminals and wireless internet links in hotels and airports is rapidly increasing. So in 2005-06, profits from payphones more than halved to 749,000, while income from internet terminals jumped from 211,000 to 511,000. And these trends will continue as the company is spending no working capital on the payphones, but over 2m this year supplying 80 internet terminals a month in the UK and Germany as well as wiring 10 hotels a month with wireless networking. To date 300 hotels have been wired including Travelodge and Premier Travel Inns, covering 30,000 rooms.

Before goodwill amortisation and one-off costs, last year's profits were little changed at 2m. If there's no goodwill charge this year, brokers think that profits could rise to 2.5m on sales modestly higher at 18.4m. But in place of a nil-rate tax charge (and a 734,000 deferred tax credit in 2004-05) there could be a 20 per cent tax charge. So broker Seymour Pierce is only looking for earnings of 5.9p a share and a little-changed dividend. BUY.

Nice and steady progress.

Just me in these?

New thread

http://www.moneyam.com/InvestorsRoom/posts.php?tid=10629#lastread

New thread

http://www.moneyam.com/InvestorsRoom/posts.php?tid=10629#lastread

No Im in Peter. Nice to see the steady rise of the last few days.

P/E now 5/6?.

GF

What do you see as the catalyst to drive these back up to the 90's or back up to Jan 05 prices. Don't hold but trawling for new investments.

MS

Way too cheap Mickey. New technology taking over from the core phone business.
City becoming aware how cheap they are aswell.

If you look at Peter Hippeys analysis you wont go far wrong I think hes got it bang on here.