ATCG Results due monday expected to be good, returned to profit last interims, major new contracts won recently with Vanco, Siemens and extended contract with BT for a further 6 years. Share price has suffered lately due to Mark Woodbridge leaving (he was previously director of Torex Retail June 2000 to 2003). Expect a strong recovery on back of these contract wins and aquisition of Rocom

AT Communications Group Plc
06 December 2006

6 December 2006



AT Communications Group Plc

Trading update and major new contract win



AT Communications Group Plc (AIM: ATCG; 'ATC' or the 'Group'), one of the UK's
leading business to business communications groups, today announces a trading
update for the year to 31 December 2006 including expected profits and progress
on the integration of Rocom, as well as a major contract win with Siemens.

Trading continues to be generally strong, with the Group awarded a substantial
new contract with Siemens Enterprise Communications for online services using
Rocom proprietary e-trading platform, RocomX, as well as the provision of
managed services.

The Board expects to secure additional contracts during Q4 but the bulk of these
revenues will be recognised in 2007. The Group expects to report pre-tax and
pre-goodwill profits in the order of 4.5 million, having reported a loss in the
previous financial year. The Board also expects to pay a maiden dividend for
the year to 31 December 2006.

Since the Rocom acquisition in August 2006, the Group has largely completed the
reorganisation and integration programme and will fully operate as three key
business units with effect from January 2007.

The Rocom brand is now used for all distribution and channel customers with ATC
indirect (channel) customers now serviced by Rocom, as service teams of both
organisations are fully integrated. Cross-selling opportunities across the
direct sales teams are also already being exploited.

The Group is about to launch a newly branded Service division which comprises
engineering and technical service delivery to direct and channel customers as
well as third parties such as BT and Vanco.

The move up looks not solid as yet, a move to 46p bid price would be better imo.

Tick up, 2 v 1 but still not 46p bid yet......

Nice news :)

http://www.investegate.co.uk/Article.aspx?id=200704180700300372V

AT Communications Group Plc 18 April 2007

2.5m voice services contract secured

AT Communications Group plc (AIM: ATCG; 'ATC' or 'the Group'), one of the UK's
leading information, communications and technology (ICT) groups, has secured
2.5 million of annualised reseller contracts. ATC's Rocom division will now
manage the reseller contracts on behalf of a leading UK-based telecoms operator
and carrier. These contracts were migrated to ATC as a result of the Group's
ability to provide a broad range of communications technology and solutions.

In addition to the enhanced earnings visibility through the existing annual
voice services contracts, ATC is now actively working with these customers to
cross-sell additional products and services from the Group's broad portfolio
under the existing supplier relationship.

Alex Tupman, AT Communications Group Chief Executive, said:
'This is a significant development as it demonstrates that our revamped reseller
and end-customer propositions are extremely strong and broad. Our strategy of
focusing on both direct and indirect routes to market is enabling us to maximise
the opportunities across the UK ICT market.'

pp - we needed that!

Comment from DS this morning :

AT Communications - BUY
Price: 47p Target price: 70p

ATComms announces 2.5m reseller contract

AT Communications Group has announced a 2.5m (annualised) reseller contract via its Rocom division for a leading UK-based telecoms operator

In addition to the enhanced earnings visibility through the existing annual voice services contracts, ATC will cross-sell additional products and services

Comment:

This is an extremely encouraging endorsement of ATCs strategy in acquiring Rocom, and the clearly-stated rationale for the acquisition which is to cross-sell a wide range of managed solutions to its customer base.

ATC remains highly attractive on 6.7x DS&C 07(E) or 10x at our target valuation, with 19% CAGR (EPS E) to 2009, compared to peers Alternative Networks on a (FY07 consensus) multiple of 15.0x; Maintel 15.1x; BNS 14.2x; Vanco 18.2x

Great news, let's have some more like that!

SP: ATCG Bid: 44p Offer: 47p Change: 0.5 108K traded.

DS 11th April 07 update for reference :

http://www.danielstewart.co.uk/CMS/nmanagerpro/attachments/ATCG_2pg_Apr07.pdf



.

Makes very good reading doesn't it. :-), good price at the moment won't stay there too long.

Contract Win RNS this morning, and DS comment afterwards is as follows :


"AT Communications - BUY Price: 39p Target price: 70p Code:

ATCG.L Analyst: Mike Jeremy | 020 7776 6570

First contract win for SiNET hosted VoIP service

AT Communications has announced its first major contract for its SiNET hosted IP telephony product. The contract is for FADS, UK decorating specialist, via the integrator division ATC Solutions and is evidence that the hosted IP market has appeal in the UK.

ATC Solutions will provide SiNET to 60 (of 70) FADS sites (plus HQ) in a 3-year contract including voice telephony, IP-based trunk provision, installation and maintenance. ATC reports trials underway with other prospective clients.

Subsequent to the acquisition of Rocom in 2006, ATC reorganised into three divisions; ATC Solutions, offering systems integration solutions to SMEs; Servassure providing resale, distribution for telecoms carriers; and Rocom, a distributor and base for the introduction of other services.

Following this major reorganisation we expect FY07-08 to be a phase of implementation, as is evident in the FADS contract and a 2.5m Rocom win in April.

ATC currently trades at a huge 65% discount to an average of its peers, 5.8x compared to 16.3x (FY07 E) whilst offering 16% 07-09(E) EPS CAGR against a comparable 18.8% average. BUY. "

Ticking up again today, good support at 40p now, should start moving upwards from here, what was that target again? 70p.............tasty.

Trading statement

http://www.moneyam.com/action/news/showArticle?id=1984000

Nice bullish AGM statement.


AT Communications Group Plc 24 May 2007

AGM Trading Statement

At today's Annual General Meeting of AT Communications Group plc (AIM: ATCG;
'ATC' or 'the Group'), one of the UK's leading information and communications
technology (ICT) groups, Gerard Spencer, Non-Executive Chairman of ATC, will
make the following statement:

'I am delighted to report that current trading continues to be in line with the
Board's expectation.

'The Group continues to benefit from its strategy to focus on large enterprise
customers with significant new contract wins including Nottinghamshire Primary
Care Trust and Thistle Hotels. The Nottinghamshire PCT win is a good example of
cross-selling; a previous Rocom Corporate customer, the account is now part of
ATC Solutions, and the historical trading relationship was a crucial factor
behind ATC Solutions winning the IP telephony contract. Thistle Hotels is
benefiting from our Servassure service delivery business through its contract
with BT.

'The Group has broadened its IP product portfolio with an additional
distribution agreement with Nortel for the Rocom division. This agreement is for
the distribution of Nortel's range of BCM IP telephone systems, which are
targeted at SME customers, and for Nortel's SME range of data products.
Nortel's share of the market in traditional PBXs is amongst the largest in the
UK, so this distribution partnership positions Rocom at the forefront of the
shift to IP technology through the reseller channel.

'The acquisition of Rocom has bedded down well, and the integration of back
office systems and the centralisation of the Finance, IT and Procurement
departments is underway, resulting in greater efficiencies in the medium to
long-term.

'In April, the Group announced a migration of 2.5 million annualised reseller
contracts for the provision and management of voice minutes services to end-user
customers. The expansion of our reseller base provides continues to provide
considerable opportunity for cross-selling and enhances visibility of earnings.
Major telcos continue to re-evaluate how they manage their customers and
channels, and we anticipate that this trend will result in further deals along
similar lines during the course of this year.

'The formal launch of Servassure as an independent service delivery business has
already meant that our year-to-date business with BT has grown significantly. We
have developed a web portal for BT to engage with Servassure, which has helped
to facilitate increased levels of assurance contracts being placed by BT with
Servassure. The web portal and helpdesk model of engagement is now being
established to engage with other Servassure partners, including Rocom resellers.
There has been significant channel interest in using Servassure's suite of
engineering and network services to complement and complete their offerings to
the market.

'Yesterday, we announced a significant three-year contract for SiNET, our hosted
IP telephony service, with FADS, the UK high street decorating specialist. This
is our first major contract for SiNET and a significant endorsement for the
product which is being trialled with several major UK retailers. The contract
will cover the provision of SiNET, combined with voice minutes, IP trunks and
full installation and maintenance services, across 60 sites and FADS'
headquarters. Another SiNET trial will be underway shortly with Empire Cinemas.

'Our recruitment process for a new Group Finance Director is progressing well.
We hope to be in a position to announce an appointment soon.

'Finally, the Group has just been named as 'Networking/Comms Reseller of the
Year' at the MicroScope awards, in recognition of our capability in delivering
complex ICT solutions to larger businesses.'


Enquiries:

AT Communications Group plc 08700 55 80 80
Alex Tupman, Chief Executive

http://www.atcommunications.co.uk

DS comment this morning :

AT Communications - BUY Price: 42p Target price: 70p Code:

AGM: trading in line with expectations

Gerard Spencer, Non-Executive Chairman of ATC will state at today's AGM I am delighted to report that current trading continues to be in line with the Boards expectation.

ATC highlights ~ the FADS SiNET contract (announced yesterday), a distribution agreement with Nortel, contracts with Nottinghamshire Primary Care Trust and Thistle Hotels.

It also highlights continuing integration of back office systems and the centralisation of the Finance, IT and Procurement departments, and progress towards the recruitment of a new Group Finance Director, stating "we hope to be in a position to announce an appointment soon".

The SiNET FADS contract, in our view was highly-significant as it establishes a track record of delivery on the strategic goals set at Y/E FY06. Clearly the next major event should be the installation of a new Group Financial Director.

BUY rating maintained.

Post from Colin on TMF who attended the AGM last week :

"AT Communications (ATCG) Harlow Business Park is big, man. The company has the most amazing chair in reception, every time you seat down it emits a loud sound. Breaks the ice.

In all three cases, a number of private investors turned up.

I was lucky enough to be with Carmensfella at Harlow, so we split the most of the questions between us. Two men with beards attended, plus a competitor who had travelled six hours to get to the meeting, exciting stuff. Thmk from ADVFN seemed to have attended the meeting, if he is reading this post were you the gent with the white beard or dark beard? Carmensfella and I were given a site visit, we also spoke to all the directors on a one-to-one basis, plus we also spoke to number of other individuals.

Observations:

Excellent trading update issued at 7.00 a.m. on the day of the AGM:

http://www.investegate.co.uk/Article.aspx?id=200705240700501431X

The previous day ATCG announced a contract win:

http://www.investegate.co.uk/Article.aspx?id=200705230700400674X

Contract Win with retail chain, FADS, for SiNET Hosted VoIP.

The SP did tick up on the day of the trading update but having suffered a nose-bleed due to reaching the giddy heights of 43-46p, the shares have since ticked down.

The 600 lb gorilla sitting in the corner seems to be the debt position. Otherwise from a non-technical viewpoint, the strategy looks fine, all three divisions are doing well, cross-selling should provide a lot of opportunities, plus first VoIP contract just announced.

The appointment of a new FD should be announced in the next couple of months, another non-exec (non-technical, in other words someone with City background) is likely to be appointed this year. The directors are looking to make presentations to City institutions in due course.

If ATCG continue to meet expectations, the City should eventually wake up to this dynamic Essex company.

A variation on the term of board's expectations at the 2006 Renew Holdings AGM, a non-exec said that board's expectations is shorthand for beating market expectations by 10%. In the case of ATCG, the board seems to believe the term means that the board's expectations equates to market expectations.

Casting an eye at Digital Look, forecast adjusted EPS is:

2007 6.8p on sales of 96m
2008 8.6p on sales of 107m

Turnover in 2006 was 54m, so the need to finance the increased working capital requirements in 2007 as a result of the step-change in turnover will hold back substantially reducing debt in the current financial year. As at 31 December 2006, net debt stood at 18.5m. A sale and leaseback in February 2007 generated 3.5m of cash, a placing in April 2007 generated 2.0m of cash, so I would expect a debt figure as at 31 December 2006 in the range of 15m to 18m.

The position of ATCG FD should be a wonderful job for a bright-eyed FD if the rest of the executives can ensure that the company meets market expectations. International accounting standards will remove the need to charge goodwill amortisation, so adjusted EPS becomes the 'normalised' EPS figure.
The new FD needs to demonstrate that he is a safe pair of hands, the memory of Mark Woolridge will fade, the whiff of Torex Retail will disappear, then everyone can, hopefully, focus on ATCG being a fast-growing company that can/will thrive during the IP revolution but is currently on a PE ratio of less than 5."

Featured as a BUY in Shares Mag, so its said.

AT Communications Group Plc 14 June 2007

AT Communications Group PLC ('ATC' or 'the Group')

Board Strengthened: Senior appointments underpin growth

The Board of ATC is pleased to announce two senior appointments: Mr Ian Crawley, ACA, (aged 45) has been appointed as Group Finance Director with effect from 17th July, and Andrew Parsliffe, ACA, who acted as Deputy Interim Finance Director, has been appointed Commercial Director with immediate effect. These are key appointments for the Company which will underpin the foundations for the financial management of the Group and its strategy of being a 'one-stop' ICT solutions provider, the success of which is evidenced by recent contract wins.

Mr Crawley has nearly 20 years of senior finance and telecoms experience. His most recent position was with Shell International, where he was responsible for major international M&A and project finance transactions.

Prior to Shell he was Chief Financial Officer at British Telecommunications Plc's BT Openworld division where he played a key role in transforming the business from a loss maker to a profitable UK leading internet service provider.

Earlier in his career he was a Director of Commercial Contracts at BT heading a group responsible for BT's customer and distributor contracts worldwide. Prior to that, he was joint Head of Corporate Finance with responsibility for BT's M&A transactions worldwide.

Mr Crawley was also Group Chief Financial Officer of Interoute Communications Group Ltd, an international telecommunications services provider. He began his career as a commissioned officer in the Parachute Regiment. On leaving the Army he trained as an accountant with Deloitte before embarking upon his career in telecommunications with Cable & Wireless.

At the same time, the Board is pleased to welcome Andrew Parsliffe (aged 52) as Commercial Director. Mr Parsliffe, who holds an MBA from Cranfield, has 30 years of senior finance and commercial experience within multi sector FTSE 100 and 250 companies including Scottish and Southern Energy Plc where he spent seven years as Group Financial Controller. He has played a key role in supporting the Group since his appointment as Deputy Interim Finance Director four months ago and his new remit will capitalise on his extensive experience of growing businesses.

Alex Tupman, AT Communication's Chief Executive, commented:
'I would like to welcome both Ian and Andrew to the Board at a time when AT Communications is rapidly growing its business. With their significant financial and commercial experience they will play key roles as we accelerate our growth and take advantage of the significant market opportunities that exist. Recent contract wins with FADS, Thistle Hotels and a new distribution agreement with Nortel are testimony to the strength of our solutions and services and with our integrated business model in place we can now service customers with five to 50,000+ employees. We have significant in-house ICT expertise, which is totally focused on securing long-term, higher margin, service-based customer and channel contracts. We are poised for growth and I look forward to reporting on further progress in due course'

Market likes the news, good rise.

Now that is some director buy, and a real statement to the market :)


RNS Number:3635Y
AT Communications Group Plc 14 June 2007

AT Communications Group PLC ("ATC" or "the Group")

DEALINGS BY DIRECTOR

The Board of ATC was informed today that Ian Crawley, recently appointed Finance Director, today purchased 1,511,429 Ordinary Shares of 1p each at a price of 38 pence per share which represents 2.28 per cent. of the Issued Ordinary Share Capital of the Company. Mr Crawley held no shares in the Group prior to this purchase.

Alex Tupman, ATC's Chief Executive commented:-

"I welcome Ian's commitment which is a clear message to the market that the ATC management team are focused on driving growth."

RNS Number:4987Y AT Communications Group Plc
18 June 2007

AT Communications Group PLC ("ATC" or "the Group")

Significant Contract Win with Dixons

The Board of ATC is pleased to announce a significant contract win with PC World
Direct, a division of Dixons Stores Group International, which is anticipated to
generate revenues in the region of #2m over the next 12 months.

ATC will advise PC World Direct on achieving the optimal sales mix of telecom
products and will be responsible for product supply, direct branded delivery as
well as marketing and training.

All telecom products will be supported by ATC's inventory management system
which will supply the client with a data feed providing instant product pricing
and stock information.

The contract, secured via the Group's Rocom division, is for an initial 12
months.

Alex Tupman ATC's CEO commented:

"I am delighted with this contract as it highlights the strength of our sector
expertise, products and services all of which will play key roles as we
accelerate the growth of our business."

DS comment this morning :


AT Communications - BUY Price: 44p Target price: 70p Code: ATCG.L

New contract win ~ PC World

AT Communications Group has announced a contract with PC World Direct (part of Dixons Stores Group International) worth 2.0m for an initial 12 months, to advise on sales mix of telecom products, product supply, direct branded delivery, marketing and training.

All PCWD's telecom products will be supported by ATC's inventory management system which will supply the client with a data feed providing instant product pricing and stock information.

ATC has now redressed many of the issues of 2006, with the rationale for its acquisition of Rocom now bearing fruit. We expect further contract wins engendered by the opportunities created through the acquisition and the all-important crossover to ATCs two other divisions. In addition, the appointment of a new Financial Director, Ian Crawley, concludes a period of uncertainty. He joins effective July 17th. In his most recent role he was responsible for major international M&A and project finance transactions.

ATC remains excellent value at PE 6.x, EV/EBITDA 5.4x. BUY.