i was wondering if anyone out there had any strong views? this company appears to be delivering and has just turned EBITA positive after a great trading statement last week. seems like upside to +200p once results are out.

any comments or thoughts would be appreciated.

i think they may be better tahn exppected

Which hopefully should bode well for us. I hope you managed to catch SIA's RNS today, nice.

very nice...

Indeed. The Citywire article is very interesting. Anyway, a tick up here would be a nice end to the week. Roll on next week!

Well it's been a pretty quiet week here so far, low volumes and price drifting down a touch. Hopefully tomorrow's results will be decent and maybe even a bit of action! I wonder if decent numbers may lead to a brokers upgrade, would be nice. Of course, a contract or two....

you said it...i think we could see a positive surprise tomorrow but who knows. still so positive on this one and i just hope that Colt (also reporting) doesn't put a spanner in the works. i think there are a few guys in the city watching this closely....

Don't really follow Colt so can't really comment on them, but they do seem to have risen steadily from the falls early last year. I get the feeling that if our numbers are decent them we may be marked up sharply tomorrow. Hopefully these city boys will be buying tomorrow! All in all, tomorrow should be an interesting day. I have noticed that Fins have been call to trade since last week I think.

being pushed around pre-results...maybe a good thing, MM's making it appear there are sellers? who knows, truth is out tomorrow!

Well Fins are now taking online bets again. Certainly dont think that todays sells warrants this drop. Shenanigans maybe!

All UK markets down today so maybe just being marked down along with them.

yup...room to move tomorrow with some great results!

no trade all day, mm's quietly marking them lower. if i went in to buy 100/- they would bounce BIGTIME. no cash...

Lets see if any T trades show up after the close.

nope, this was a classic MM ploy...nothing on the pad and walk the stock down in the afternoon. no buyers=no resistance and then mark abck up tomorrow. one thing i know is that the market makers seem short so stella results could be interesting

Well a few seemed to like 101. Price does seem to have been marked down over a few days on low volumes. I guess there will be plenty looking at tomorrows numbers. Here's to tomorrow, an early start then!

you bet....speak then

results look pretty good to me. delivered on EBITA promises and still have the EBIT outlook and levels of cash in place. lets see how they open...

Decent numbers, revenues up 24%, margins strong at 53%, positive EBITDA of 8.9m.

Financial Highlights:

Revenue up 24% to 144.1 million (2003 116.0 million);

Gross margins continue to be strong at 53% (2003 51%);

Positive EBITDA* of 8.9 million compared to a loss of 5.7 million in
2003;

Operating loss for the Group declined to 13.9 million (2003 loss of
15.1 million);

Europe turned EBITDA* positive and generated 0.4 million of EBITDA*
for the year (2003 loss of 5.9 million);

UK operations generated 3.2 million of EBIT* (2003 loss of 3.0
million);

Strong cash balance of 40.3 million (H1 2004 40.1 million).

On track to turn cash flow positive during the second quarter of 2005
and to turn EBIT positive by the end of the year.

Easynet turns the corner
MoneyAM
Easynet Group, the broadband network provider, said it expects to turn cash flow positive by the second quarter of 2005.

The group also expects to be EBIT positive by the year-end after it announced an EBITDA profit for the year to December 2004.

EBITDA amounted to 8.9m last year, up from a loss of 5.7m in 2003. Revenue grew by 24% to 144.1m and gross margins rose to 53% from 51%.

The operating loss narrowed to 13.9m from 15.1m.

The group achieved a profit at the EBIT level in the UK; profits totalled 3.2m compared with a loss of 3m in 2003.

Cash at the end of 2004 stood at 40.3m.

Easynet said it is well positioned to benefit from the rapid uptake in broadband and IP access and services.

'We have started 2005 encouragingly with a number of important customer wins,' said chairman David Rowe.

'We are encouraged by the prospects for both wholesale and consumer next generation LLU-based broadband products and will continue to evaluate prospects in this area. Overall, we are confident of continuing to make good progress despite the anticipated declines in narrowband revenue. The board looks forward to 2005 with confidence,' he added.

so why the 5% drop?