This sums up much of my thinking - I hold a few and swing trade a few and even trade intraday sometimes ......

I think there is a lot of slack that management can cut out of the costs and would also anticipate sector consolidation ..... good value currently and have been holding their own in a falling market. Lot of US interest.

ains


Edited by Dominic White
(Filed: 08/02/2003)


Texting makes MmO2 sexy but it's also risky

More and more Britons are discovering the joys of textual intercourse. In the month of December, we fired off more than 50m mobile messages a day, and next Friday (that's Valentine's Day, folks, in case you'd forgotten) we'll send considerably more than that.



It emerged this week that the chief beneficiary of this craze is MmO2 . BT's former mobile phone division revealed that it gets a higher proportion of revenues from texting than any of the other three operators.

Revenue from messaging grew at its fastest rate ever in the last quarter, up 19pc, and data services as a proportion of MmO2 's revenue rose to 17.7pc from 15.6pc.

More good news was the rise in MmO2 's average revenues per customer. ARPUs, as nerdy analysts like to dub them, grew by 5pc to 243 in the UK and by 9pc in Germany to 212.

MmO2 now has 19.1m subscribers and in Britain it may be the smallest player, with 11.9m users, but it is growing faster than its rivals - testament to the success of its rebranding from BT Cellnet.

Only 114,000 of its 503,000 new UK subscribers were higher-spending contract customers, but MmO2 claims its pre-pay customers have started spending more than before.

Customer growth in Germany, which continues to be dominated by T-Mobile and Vodafone, is less impressive and the MmO2 share price ascribes little or no value to this part of the business.

That seems unfair, given the fact that the group has attracted higher-spending customers and has made a decent fist of turning the operation around. An eventual sale or merger is almost as inevitable as a disposal of the Dutch unit, which is losing customers.

MmO2 's larger rival Vodafone is trading on a free cashflow yield of 6pc, while at 49p this week, MmO2 's equivalent valuation remains negative. It might not have Vodafone's scale or profitability but there is room for upside. A risky buy.

Thanks Ains. What does it look like for VOD now. Will that tick lower or follow O2? So will it end around 55 today and how about Fri? Just heard on bbg that JPM cut Vodafone revenue growth for this yr from 11% to 6.5% Hence negativity.

tomorrow will be quiet imho ..... everytime it starts to rally the sellers/shorters comee in .... its going to be a long afternoon - US futures are below fair value with nas -3.5. Our markets are holding steady at minus 0.75 % with sector three times as bad at -2%





Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (62.50%) 10 (62.94%) 1,814,534 53.63 - 54.36 1,068,269 (37.06%) 6 (37.50%)
5% (67.65%) 23 (72.91%) 6,176,456 53.24 - 54.75 2,294,904 (27.09%) 11 (32.35%)
10% (69.77%) 30 (74.52%) 7,311,808 53.13 - 54.85 2,499,950 (25.48%) 13 (30.23%)
15% (56.90%) 33 (71.86%) 8,339,610 52.84 - 55.77 3,266,477 (28.14%) 25 (43.10%)
50% (51.52%) 34 (66.81%) 8,344,510 52.84 - 56.77 4,145,883 (33.19%) 32 (48.48%)
100% (51.43%) 36 (66.57%) 8,356,630 52.81 - 56.87 4,196,575 (33.43%) 34 (48.57%)
all (50.00%) 36 (66.55%) 8,356,630 52.81 - 56.97 4,200,875 (33.45%) 36 (50.00%





Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (52.24%) 35 (50.12%) 3,945,597 120.34 - 121.65 3,926,120 (49.88%) 32 (47.76%)
5% (47.06%) 48 (37.09%) 5,211,497 120.10 - 122.22 8,841,219 (62.91%) 54 (52.94%)
10% (47.74%) 74 (44.07%) 8,486,347 118.75 - 122.71 10,768,492 (55.93%) 81 (52.26%)
15% (42.11%) 88 (38.85%) 8,802,012 118.53 - 124.37 13,851,925 (61.15%) 121 (57.89%)
50% (41.48%) 95 (38.32%) 8,897,887 118.39 - 124.71 14,324,560 (61.68%) 134 (58.52%)
100% (40.53%) 107 (37.05%) 9,082,136 117.84 - 126.08 15,433,874 (62.95%) 157 (59.47%)
all (39.78%) 107 (37.02%) 9,082,136 117.84 - 126.26 15,453,787 (62.98%) 162 (60.22%)

Updated VOD L2 looks quite weak? Can you see offer going below 120.75 & to what?

I really prefer not to comment on VOD as I don't trade them or track them much

Can you please provide the updated VOD L2 as it's quite weak? US Jobs data -ve but NF Productivity has just been corrected: 1.9% vs est 2%. -0.1%, +0.9% in Q1 & Q4.

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (61.33%) 46 (65.20%) 10,064,373 120.19 - 121.56 5,371,614 (34.80%) 29 (38.67%)
5% (53.70%) 58 (50.59%) 10,479,373 120.14 - 122.09 10,236,713 (49.41%) 50 (46.30%)
10% (51.55%) 83 (52.04%) 13,743,923 119.29 - 122.58 12,663,986 (47.96%) 78 (48.45%)
15% (45.12%) 97 (47.17%) 14,059,588 119.15 - 124.06 15,747,419 (52.83%) 118 (54.88%)
50% (44.26%) 104 (46.60%) 14,155,463 119.05 - 124.38 16,220,054 (53.40%) 131 (55.74%)
100% (42.96%) 116 (45.28%) 14,339,712 118.70 - 125.62 17,329,368 (54.72%) 154 (57.04%)
all (42.18%) 116 (45.25%) 14,339,712 118.70 - 125.78 17,349,280 (54.75%) 159 (57.82%)

Ains. What's all the recent selling prior to US open all about. Level withstanding

I don't know ..... US has a pre open like we do .....

Can you provide updated L2 for both please. I've really mucked up & need US +ve.

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (54.84%) 17 (65.00%) 4,509,495 53.44 - 54.18 2,427,780 (35.00%) 14 (45.16%)
5% (60.87%) 28 (70.88%) 7,912,423 53.23 - 54.39 3,250,018 (29.12%) 18 (39.13%)
10% (61.29%) 38 (68.97%) 8,644,863 53.14 - 54.59 3,890,264 (31.03%) 24 (38.71%)
15% (53.75%) 43 (67.59%) 9,719,665 52.89 - 55.25 4,660,091 (32.41%) 37 (46.25%)
50% (49.44%) 44 (63.63%) 9,724,565 52.88 - 56.10 5,557,997 (36.37%) 45 (50.56%)
100% (49.46%) 46 (63.45%) 9,736,685 52.86 - 56.18 5,608,689 (36.55%) 47 (50.54%)
all (48.42%) 46 (63.43%) 9,736,685 52.86 - 56.25 5,612,989 (36.57%) 49 (51.58%)

0-1% (54.84%) 17 (65.00%) 4,509,495 53.44 - 54.18 2,427,780 (35.00%) 14 (45.16%)
1-5% (73.33%) 11 (80.54%) 3,402,928 53.23 - 54.39 822,238 (19.46%) 4 (26.67%)
5-10% (62.50%) 10 (53.36%) 732,440 53.14 - 54.59 640,246 (46.64%) 6 (37.50%)
10-15% (27.78%) 5 (58.27%) 1,074,802 52.89 - 55.25 769,827 (41.73%) 13 (72.22%)
15-50% (11.11%) 1 (0.54%) 4,900 52.88 - 56.10 897,906 (99.46%) 8 (88.89%)
50-100% (50.00%) 2 (19.30%) 12,120 52.86 - 56.18 50,692 (80.70%) 2 (50.00%)
100%- (0.00%) 0 (0.00%) 0 52.86 - 56.25 4,300 (100.00%) 2 (100.00%)

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (50.85%) 30 (59.25%) 7,332,042 119.30 - 120.64 5,042,684 (40.75%) 29 (49.15%)
5% (45.74%) 43 (47.01%) 9,161,542 119.03 - 121.27 10,328,102 (52.99%) 51 (54.26%)
10% (42.24%) 68 (40.75%) 11,487,802 118.39 - 122.06 16,701,439 (59.25%) 93 (57.76%)
15% (37.16%) 81 (36.74%) 11,728,467 118.27 - 123.34 20,192,356 (63.26%) 137 (62.84%)
50% (37.71%) 89 (36.24%) 11,826,255 118.16 - 123.67 20,811,212 (63.76%) 147 (62.29%)
100% (36.36%) 100 (35.38%) 12,008,591 117.76 - 124.69 21,932,806 (64.62%) 175 (63.64%)
all (35.82%) 101 (35.36%) 12,008,592 117.76 - 124.82 21,952,720 (64.64%) 181 (64.18%)

trying to hold the line @ 54p - lot of volume




Instant dating offered by mobile

London, May 1 2003, (netimperative)



by Chris Lake

Mobile Entertainment Corporation has linked up with Dateclub.com to launch the UK's first location-based dating service, available to Vodafone and O2 subscribers.


The new service, called MobileDateclub.com, will allow mobile users to view "live" pictures of suitable applicants, with results given based on their profile and location.

Those interested in joining the service are invited to send an SMS message to a short code number, which costs 1.50. The system automatically identifies their location and starts searching for suitable partners.

Users are then provided with the details of up to seven potential dates per message. They can then begin chatting via text messages to their preffered match, before deciding whether to embark on a date or not.

MEC CEO Tim Hammond said: "Today's mobile population wants applications that are compelling, useful and save time and this unique dating service will help users find suitable partners quicker than web-based applications."

The MobileDateclub.com service is currently being tested on T-Mobile and Orange platforms.

Dateclub.com is currently attracting about 300 new registrants per day and has more than 70,000 users in the UK.

Where do you now think O2 will close @. I am really worried about this downturn. Can you provide updated L2 for both please. Big sells also went through in O2.

OOM is under pressure .... maybe a concerted shorting attack - sector is catching up and down nearly 3% - intend holding



Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (69.23%) 18 (75.84%) 5,147,234 53.48 - 54.23 1,639,513 (24.16%) 8 (30.77%)
5% (72.09%) 31 (78.82%) 9,188,397 53.25 - 54.49 2,468,658 (21.18%) 12 (27.91%)
10% (68.97%) 40 (75.56%) 9,614,021 53.20 - 54.72 3,108,904 (24.44%) 18 (31.03%)
15% (59.21%) 45 (73.37%) 10,688,823 52.96 - 55.49 3,878,731 (26.63%) 31 (40.79%)
50% (54.12%) 46 (69.12%) 10,693,723 52.95 - 56.43 4,776,637 (30.88%) 39 (45.88%)
100% (53.93%) 48 (68.92%) 10,705,843 52.93 - 56.52 4,827,329 (31.08%) 41 (46.07%)
all (52.75%) 48 (68.90%) 10,705,843 52.93 - 56.60 4,831,629 (31.10%) 43 (47.25%

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (57.53%) 42 (56.32%) 7,142,235 119.27 - 120.63 5,538,330 (43.68%) 31 (42.47%)
5% (50.46%) 55 (43.14%) 8,971,735 119.00 - 121.26 11,823,748 (56.86%) 54 (49.54%)
10% (45.00%) 81 (41.63%) 13,297,995 117.85 - 122.02 18,647,084 (58.37%) 99 (55.00%)
15% (39.50%) 94 (37.95%) 13,538,660 117.76 - 123.20 22,138,244 (62.05%) 144 (60.50%)
50% (39.84%) 102 (37.47%) 13,636,448 117.67 - 123.50 22,757,098 (62.53%) 154 (60.16%)
100% (38.31%) 113 (36.66%) 13,818,784 117.32 - 124.45 23,878,692 (63.34%) 182 (61.69%)
all (37.75%) 114 (36.64%) 13,818,785 117.32 - 124.56 23,898,606 (63.36%) 188 (62.25%

over a 100 million traded with few minutes to go - 54p holding

L2 must have improved within the last 10mins for OOM. Bloody shorters ruining everything as their is no need to short at these levels which signify long stance.

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (52.63%) 10 (45.24%) 3,263,722 53.11 - 53.98 3,950,407 (54.76%) 9 (47.37%)
5% (54.17%) 13 (43.85%) 3,407,822 53.09 - 54.04 4,363,537 (56.15%) 11 (45.83%)
10% (56.76%) 21 (44.53%) 3,581,946 53.02 - 54.08 4,461,537 (55.47%) 16 (43.24%)
15% (54.17%) 26 (50.61%) 4,698,161 52.31 - 54.16 4,584,537 (49.39%) 22 (45.83%)
50% (50.00%) 27 (46.22%) 4,703,061 52.31 - 55.03 5,473,356 (53.78%) 27 (50.00%)
100% (50.00%) 30 (46.02%) 4,723,181 52.23 - 55.14 5,539,048 (53.98%) 30 (50.00%)
all (48.39%) 30 (46.01%) 4,723,181 52.23 - 55.21 5,543,348 (53.99%) 32 (51.61%

reuters

Telecoms met early demand with Cable & Wireless up 2.8 percent and mobile giant Vodafone 0.8 percent higher. Investment bank Merrill Lynch raised its earnings per share estimates for Vodafone by 3.6 percent in 2003 and by 5.7 percent for next year.

MM02's improving from its low but VOD's been sold down. Need an upturn soon today.