This one looks quite interesting - IDN



MACD and RSI both positive and a break through the top Bollinger should see new levels being attained.

Has been in a down turn for some time and for no specific reason. Brokers estimate an EPS of .26 for FY05 and .31 for FY06 on a rough guide PE of 15 and taking no consideration for tax benefits it looks very cheap. The company is profitable and Seymour Pierce have recently issued an outperform recommendation.

Price 03/11/05 = 2.3 to buy

Trading Statement

RNS Number:6737W
IDN Telecom PLC
10 January 2006


IDN Telecom plc
(the "Company")

Update

IDN Telecom plc, a leading independent provider of telecommunications services
for landline, mobile, data and consultancy, will announce its results for the
year ended 31 October 2005 on 30 January 2006.

The results will show a significant rise in profits, in line with market
expectations, and further growth in revenues compared to the previous year.

For further information please visit www.idn.co.uk or contact:

Barry Roberts, Non Executive Chairman, 0870 777 1775
Mike Morrison, Managing Director, 0870 777 1775
Gordon Hermiston, Finance Director, 0870 777 1775
Jeremy Porter, Seymour Pierce Limited, 020 7107 8000

Notes to Editors

Established in 1996 and floated on the AIM market in 2000, IDN is a leading
independent provider of telecommunication solutions in the UK.

Based in Solihull, near Birmingham, the Company has 40 employees and has now
built up to servicing approximately 1,000 clients across the UK business
community. IDN provides customers with advice on all aspects of communications
management.

The Company's expertise lies in analysing a client's total communication
requirements, with a view to recommending and providing the most appropriate and
cost-effective solution.




This information is provided by RNS
The company news service from the London Stock Exchange

END
TSTAKCKDOBKDBDK

ok guys fingers crossed me in, (bought half million midweek, MM did not have the shares and broker said they would have to work the price and so later in the day i got my shares. order was placed at 8:09 received confirm at aound 11:00) does this mean they are short of stock ?? or is driftwood1 right?

I would not be sitting on the sidelines with this one. Nice write up in Shares Mag this week too.Hey if you get in now you even get the divi !

Nice recovery in price and see this going much higher. Must be one of the best stocks to buy based on fundamentals.

Recovery!

LOL

Would you like to tell us more than your above post ? Some reasoning for example.

Recovery!

Haystack - the doom and gloom merchant - has made yet another wrong forecast as with EKT, both well up. We wont see him here for a while now. He is winding up the EME, CHP and ULT board now.

LOL

Haystack was wrong withh DDD too

Have you seen DDD?

IDN!

IDN from the day after the last AGM and trading update which was bullish!

I Ignored HAYSTACK @ MY peril on EVS!!!!

Credit where it is long over due.

And now a poor statement from the AGM today.

This is almost a rerun of one of the EVS statements close to their demise.

"Whilst revenues and margins from some products will diminish due to
technological changes in the sector, growth in others will escalate."

The choice of words to seem optimistic seems interesting. They used a low impact word - 'diminish' to cover the drop in revenue and margin and a high impact word - 'escalate' to cover increases in other areas.

It all smacks of window dressing.

An alternative view might be that they are expecting quite a downturn in revenues and margins from major parts of the business and are building their hopes on other parts of the business picking up.

Again a rerun of EVS!

Nice to se this blue in a sea of red.

Should see a good run here leading into the interim figures.

From Todays Independent :

No Pain No Gain: Tiny telecom player can score despite poor form
By Derek Pain
Published: 03 June 2006
The stock market can be a ruthless place. Ask IDN Telecom. I wrote about this little provider of telecom services in February last year when its shares were around 3.25p. They are now near 2.2p. Yet in the meantime profits have advanced strongly and the group has paid its first ever dividend. What's more, trading remains buoyant and profits and dividends are set to increase.

To add insult to injury, the stock market, despite recent volatility, has made heady progress since my IDN comments although the telecoms sector, weighed down by its heavyweights, has not always been fully connected to the exuberance. Even so, it is a particularly harsh judgement when a share loses around one third of its value.

At 2.2 p IDN really looks to be in the bargain basement. Profits should emerge at more than 1.2m in the year ending October (up from 900,000) and last year's maiden dividend of 0.025p a share will be increased.

So what is inhibiting the shares? I think it is the behaviour of some of the company's former directors. Although large sums are not involved, they have unsettled would-be buyers by selling down their shareholdings. A feeling has got around that every time the shares progress towards a more realistic level the price will be hit as they press the sell button.

Former director Michael Wilmott, who is now living in Canada, appears to be the major culprit. At one time he had 56 million shares, around 20 per cent of the capital. He has relentlessly cut back and is now down to 20 million shares. No doubt the stock market is awaiting his final disposal although the company seems to think any further unloading is unlikely. To add to the uncertainty at least one other former director has a 6 per cent-plus stake and is viewed as a weak holder.

There are a number of other influences that could restrain the shares. For one thing IDN operates in a tough, highly competitive environment. It has to be particularly nimble footed. But so far it has proved that despite its small-cap rating - it is capitalised at 8.4m and has a staff of only 40 - it has the ability to prosper. Indeed its very size often gives it the flexibility to provide specially tailored bespoke services to its 1,300 customers - who mainly spend between 10,000 and 750,000 a year.

The company, based at Solihull in the West Midlands, was started 10 years ago and arrived on the stock market in 2000 - just too late to enjoy the madcap dot.com explosion. In its early days it failed to cover itself in glory. Losses mounted. Then Mike Morrison arrived as chief executive. Within a short time profits - albeit a mere 5,000 over six months - replaced losses and it looked as though IDN was on its way.

Since then, trading has continued to improve even if the shares have failed to respond. The lowly rating must mean the group is a tempting take over target and I would not be surprised if corporate action occurred. There is also the possibility that with cash accumulating in its bank account, IDN, where directors and supporters have about 40 per cent of the capital, could be considering acquisitions.

At one time, chairman Barry Roberts and Morrison were so perplexed by the studied indifference of the stock market that they wondered whether to seek refuge in a share consolidation. But they have decided to stay in the penny share category.

Consolidations, when say 20 shares become one, can, of course, be rewarding. Certainly they should reduce costs. But often turning flyweights into heavyweights offers little benefit to shareholders. Indeed on many occasions, when the consolidation is not reflected in the price, shareholders suffer wounding losses.

I have toyed with the idea of enlisting IDN into the No Pain, No Gain portfolio. I almost recruited the shares in February last year but I was unhappy about the possible consolidation. Too often I have been the victim of such cosmetic exercises and I did not want to run the risk of another misadventure. And the share overhang was another inhibiting factor.

Well, the consolidation danger has been removed but the possibility of more share sales putting the lid on the price remains. Still I am encouraged by the group's get-up-and-go approach, its trading prospects and the confidence displayed with its arrival on the dividend list. The portfolio is in need of recruits and this tiny telecom player could emerge as the ideal replacement for takeover victim MacLellan, due to depart soon.

No comment on the news then ? Very suprising.