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.

Intraday chart is falling at this time ...... difficult to predict how far .... US futures are already below fair value - sector is down 0.77%












%

So do you believe today will be a -ve day for both UK & US markets or will it pickup. Can you provide updated L2 for both, weakness was brief then recovery.

I think it will get better at the moment but suspect it will get worse on OOM first




Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (61.54%) 8 (52.60%) 643,950 55.00 - 55.76 580,401 (47.40%) 5 (38.46%)
5% (45.00%) 9 (33.18%) 693,950 54.96 - 56.17 1,397,768 (66.82%) 11 (55.00%)
10% (51.22%) 21 (58.04%) 2,109,509 53.82 - 56.28 1,524,768 (41.96%) 20 (48.78%)
15% (52.83%) 28 (60.62%) 2,403,009 53.42 - 56.35 1,561,272 (39.38%) 25 (47.17%)
50% (50.88%) 29 (49.56%) 2,407,909 53.41 - 58.58 2,450,431 (50.44%) 28 (49.12%)
100% (51.61%) 32 (49.26%) 2,428,029 53.26 - 58.71 2,501,123 (50.74%) 30 (48.39%)
all (50.79%) 32 (49.22%) 2,428,029 53.26 - 58.86 2,505,123 (50.78%) 31 (49.21%)




Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (35.56%) 16 (41.92%) 3,404,276 121.62 - 122.79 4,717,053 (58.08%) 29 (64.44%)
5% (35.44%) 28 (27.04%) 4,966,905 121.17 - 123.62 13,402,570 (72.96%) 51 (64.56%)
10% (40.94%) 61 (27.93%) 7,296,250 120.14 - 124.40 18,827,064 (72.07%) 88 (59.06%)
15% (41.67%) 95 (34.38%) 12,570,767 117.29 - 125.77 23,998,490 (65.62%) 133 (58.33%)
50% (40.38%) 105 (33.03%) 12,681,692 117.18 - 126.54 25,710,804 (66.97%) 155 (59.62%)
100% (40.48%) 119 (33.28%) 12,934,891 116.73 - 126.81 25,935,988 (66.72%) 175 (59.52%)
all (39.53%) 119 (33.25%) 12,934,891 116.73 - 127.03 25,972,184 (66.75%) 182 (60.47%)

market and shares starting to turn I think

market and shares starting to turn I think

Please provide updated L2 for both, brief weakness now recovery. Missed out again.

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (54.84%) 17 (46.76%) 1,253,858 55.06 - 55.82 1,427,812 (53.24%) 14 (45.16%)
5% (48.84%) 21 (39.86%) 1,696,973 54.91 - 56.11 2,560,247 (60.14%) 22 (51.16%)
10% (52.24%) 35 (52.42%) 3,276,905 54.14 - 56.25 2,974,277 (47.58%) 32 (47.76%)
15% (53.16%) 42 (54.25%) 3,570,405 53.85 - 56.29 3,010,781 (45.75%) 37 (46.84%)
50% (51.81%) 43 (47.83%) 3,575,305 53.84 - 57.70 3,899,940 (52.17%) 40 (48.19%)
100% (52.27%) 46 (47.65%) 3,595,425 53.73 - 57.80 3,950,632 (52.35%) 42 (47.73%)
all (51.69%) 46 (47.62%) 3,595,425 53.73 - 57.89 3,954,632 (52.38%) 43 (48.31%

It has improved from morning levels. Can you provide the L2 data for VOD also?

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (46.05%) 35 (40.67%) 6,433,084 121.80 - 122.84 9,386,325 (59.33%) 41 (53.95%)
5% (46.43%) 52 (37.79%) 10,380,584 121.37 - 123.42 17,086,208 (62.21%) 60 (53.57%)
10% (45.99%) 86 (35.85%) 12,975,233 120.75 - 124.23 23,222,700 (64.15%) 101 (54.01%)
15% (44.87%) 118 (37.31%) 16,893,252 119.34 - 125.53 28,385,724 (62.69%) 145 (55.13%)
50% (52.35%) 189 (40.00%) 19,919,048 117.61 - 126.15 29,879,488 (60.00%) 172 (47.65%)
100% (51.39%) 203 (40.12%) 20,172,248 117.31 - 126.38 30,104,672 (59.88%) 192 (48.61%)
all (50.50%) 203 (40.09%) 20,172,248 117.31 - 126.57 30,140,868 (59.91%) 199 (49.50%

Pls provide updated L2 for VOD & OOM. Missed out by not placing orders earlier.

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (48.39%) 15 (34.76%) 1,224,275 55.04 - 55.74 2,297,709 (65.24%) 16 (51.61%)
5% (45.24%) 19 (33.03%) 1,667,390 54.89 - 55.98 3,380,144 (66.97%) 23 (54.76%)
10% (50.00%) 33 (46.12%) 3,247,322 54.13 - 56.10 3,794,174 (53.88%) 33 (50.00%)
15% (51.28%) 40 (48.03%) 3,540,822 53.83 - 56.14 3,830,678 (51.97%) 38 (48.72%)
50% (50.00%) 41 (42.90%) 3,545,722 53.82 - 57.33 4,719,837 (57.10%) 41 (50.00%)
100% (50.57%) 44 (42.77%) 3,565,842 53.72 - 57.41 4,770,529 (57.23%) 43 (49.43%)
all (49.44%) 44 (42.72%) 3,565,842 53.72 - 57.53 4,781,576 (57.28%) 45 (50.56%

Why is the stock not falling further if the L2 is looking this weak should be <55?

markets are up ..... OOM looks like it will break north anytime





Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (56.98%) 49 (53.18%) 7,493,062 122.27 - 123.62 6,597,756 (46.82%) 37 (43.02%)
5% (52.99%) 62 (51.84%) 12,643,562 121.81 - 124.02 11,743,943 (48.16%) 55 (47.01%)
10% (49.03%) 101 (48.67%) 16,041,211 121.15 - 124.90 16,918,208 (51.33%) 105 (50.97%)
15% (47.87%) 135 (47.05%) 20,012,106 119.87 - 126.62 22,522,700 (52.95%) 147 (52.13%)
50% (55.77%) 203 (49.54%) 22,987,548 118.33 - 127.12 23,418,390 (50.46%) 161 (44.23%)
100% (54.86%) 220 (49.62%) 23,291,100 118.04 - 127.41 23,643,572 (50.38%) 181 (45.14%)
all (53.92%) 220 (49.59%) 23,291,100 118.04 - 127.64 23,679,770 (50.41%) 188 (46.08%)

Has VOD L2 got far worse? Hastily got in again, should've cancelled order on news.

Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (49.15%) 29 (53.82%) 5,696,533 120.90 - 122.08 4,888,750 (46.18%) 30 (50.85%)
5% (40.52%) 47 (36.06%) 7,423,397 120.62 - 122.78 13,161,596 (63.94%) 69 (59.48%)
10% (40.10%) 77 (28.77%) 9,675,382 119.83 - 123.79 23,959,524 (71.23%) 115 (59.90%)
15% (39.35%) 109 (32.66%) 14,533,799 117.60 - 125.09 29,970,216 (67.34%) 168 (60.65%)
50% (47.53%) 173 (34.01%) 16,090,872 116.47 - 125.48 31,218,350 (65.99%) 191 (52.47%)
100% (46.29%) 187 (33.61%) 16,344,071 116.12 - 126.08 32,281,942 (66.39%) 217 (53.71%)
all (45.50%) 187 (33.59%) 16,344,071 116.12 - 126.25 32,318,140 (66.41%) 224 (54.50%

Has VOD L2 got even more worse? MMO2 seems to be holding up while this is tanking.

not looking at vod but oom has started ticking back up




Buy orders Sell orders
Num(%) Num Vol(%) Vol VWAP Vol Vol(%) Num Num(%)
1% (56.25%) 45 (59.87%) 7,431,997 119.40 - 120.54 4,980,894 (40.13%) 35 (43.75%)
5% (50.77%) 66 (49.96%) 9,694,707 119.07 - 121.12 9,709,645 (50.04%) 64 (49.23%)
10% (43.11%) 97 (33.42%) 13,772,092 118.04 - 122.92 27,440,888 (66.58%) 128 (56.89%)
15% (38.19%) 118 (32.35%) 16,201,059 117.02 - 124.07 33,885,340 (67.65%) 191 (61.81%)
50% (45.82%) 181 (32.90%) 17,791,244 116.02 - 124.72 36,284,696 (67.10%) 214 (54.18%)
100% (44.16%) 193 (32.50%) 17,991,280 115.75 - 125.26 37,359,864 (67.50%) 244 (55.84%)
all (43.50%) 194 (32.48%) 17,991,282 115.75 - 125.42 37,396,064 (67.52%) 252 (56.50%

at a 24 hour low at this time

looks like we are bouncing from the low

L2 weak? BOE left rates unchanged perhaps ECB will lower. Markets at day lows.