ainsoph
- 10 Feb 2003 15:01
Been buying these since mid oct last year - soon after their profit warning. Management have been changed - new contracts gained and a complete reorganisation. I am not currently trading them but buying a few in the dips and accumulating. I have several good contacts and happy to continue buying.
seems to me we were in such a dip today and have therefore added a few
ains
Share price at start of thread 50.5 mid - current 86p - gain 70.3% (13/05)
xfg68
- 22 Apr 2003 13:56
- 39 of 96
Ains
Thank you for the quick reply.
A while back Xansa were the prefered tender for a Consignia contract. Did this ever materialise?
ainsoph
- 22 Apr 2003 14:50
- 40 of 96
Not sure but have asked the question - last thing was on the 21/10 where they were said to be the preferred bidder but details to come when contract was signed. They have been a Xansa client for around 5 years so would have expected it to happen as and when ..... maybe something has held it up.
ains
ainsoph
- 22 Apr 2003 14:51
- 41 of 96
BTW this explains the early morning weakness
LONDON (AFX) - Shares in both Hays PLC and Xansa PLC were expected to open easier in early morning London trade today after news of downgrades to ratings for the two firms by UBS Warburg, dealers said.
The Swiss-owned broker is said to have reduced its stance on both groups to 'neutral' from 'buy', citing valuation grounds.
ainsoph
- 22 Apr 2003 16:06
- 42 of 96
Xansa plc (the 'Company') announces that it received notification on 22 April
2003 for the purposes of Section 329 of the Companies Act 1985 that at 21 April
2003 Xansa Trustee Company Limited, trustee of the Inland Revenue approved Xansa
All Employee Share Ownership Plan ('AESOP') had sold 3,003 Ordinary Shares at 67
pence each to and on behalf of participants leaving the AESOP.
The AESOP Trust is a discretionary trust for the benefit of employees of the
Company and its subsidiaries, which operates in conjunction with the Company's
AESOP and holds Ordinary Shares purchased by employees under the Partnership and
Matching shares section of AESOP as well as holding Ordinary Shares required for
Matching.
Executive directors who are potential beneficiaries of the AESOP are;
Mrs L K Barrat
Mr A R Cox
Mr P R Gill
Mr S R Weston
Mr A L Wood
The total holding of the AESOP Trust amounts to 13,905,879 Ordinary Shares.
22 April 2003
ainsoph
- 22 Apr 2003 16:07
- 43 of 96
fidelity investments now hold 24.9 million shares or about 7.45% of the total
ains
ainsoph
- 23 Apr 2003 08:10
- 44 of 96
We are now at a 7 month high with a 3.65% gain first thing - 70/72p
The house broker UBS Warburg downgrades its recommendation to 'neutral' on expectations the IT services firm is set to release a trading statement, dealers said.
UBS, which formerly rated Xansa a 'buy', cut its target price to 62 pence from 70. The broker expects Xansa to issue a trading update at the end of April, in line with its normal practise at the end of each half. "We are hopeful that results will emerge broadly in line with expectations," UBS told clients. Market conditions are expected to have remained "flat at best" as previously anticipated, it reckons, while streamlining will have reduced costs significantly.
UBS forecasts Xansa to show a pretax of 27.6m before exceptionals and distribution of shares. This compares to a market consensus of 26.5 mln, it said. However, UBS pared its enterprise value for Xansa to reflect the firm's pension fund deficit as debt-like obligation. It has an estimated 42m post-tax deficit on an FRS17 basis. "We continue to believe that the group is well-positioned for the long term," UBS assured.
ainsoph
- 28 Apr 2003 20:09
- 45 of 96
Finals are due on the 25th June and XANSA will be issuing a trading statement towards the end of this week. I expect this to be upbeat as the new strategy programm is now completed - lot of work going to India (cost savings) + talk of a new utility collaboration/contract (final bills for those moving house).
I have been adding a few and now hold a fair number.
ains
shagnasty
- 28 Apr 2003 21:06
- 46 of 96
I have been adding a few and now hold a fair number.
ains
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
LOL@KDC
ainsoph
- 28 Apr 2003 22:18
- 47 of 96
Share price at start of thread 50.5 mid - current 71p - gain 40.59% (28/04)
ainsoph
- 29 Apr 2003 08:12
- 48 of 96
Good start to the day - US markets were well up overnight and our markets following suit .... XAN up 3.57%@ 70/75p ..... a 7 month high
ains
ainsoph
- 29 Apr 2003 09:39
- 49 of 96
Ticking up again @ 72/75p plus 5% on the day and third in the top ten ftse250 riser board .... low volumes
ains
ainsoph
- 29 Apr 2003 09:48
- 50 of 96
........ and again @ 74/75p as a couple more buyers come in ..... now 2nd in the riser board :-)) - 7.5 month high
ains
ainsoph
- 29 Apr 2003 10:07
- 51 of 96
now heading the 250 risers @ plus 7.86% on the day
ains
shagnasty
- 29 Apr 2003 10:52
- 52 of 96
hahahahah
KDC runs scared a hurried edit of the heAder to prove a rise
ROTFLMAO!!!!!!!!!
ainsoph
- 29 Apr 2003 11:13
- 53 of 96
Share price at start of thread 50.5 mid - current 76p - gain 50.5% (29/04)
ainsoph
- 29 Apr 2003 15:17
- 54 of 96
Looking good as US opens well up again and others in sector doing well ...... now 77/78p up over 10% and well ahead on the top 250 leader board - vols are high again with over 1.2 million shares traded and an hour to go
ains
ainsoph
- 29 Apr 2003 17:07
- 55 of 96
guess she needed some pocket money
Xansa plc (the 'Company') received notification on 29 April 2003 under sections
198-208 of the Companies Act 1985 (as amended) (the 'Act') that as at the close
of business on 23 April 2003, Dame Stephanie Shirley had disposed of 135,000
ordinary shares of 5 pence each in the Company ('Ordinary Shares') from the
joint portfolio she holds with her spouse, Mr D G M Shirley. The Shirley
Foundation, a charitable trust has also disposed of 365,000 Ordinary Shares,
which is grouped with Dame Stephanie's interest solely because of her position
as a non-beneficial trustee. As a consequence of these disposals Dame Stephanie
Shirley now has an interest for the purposes of the Act in 13,000,000 Ordinary
Shares, which represents 3.88% of the issued share capital of the Company.
ainsoph
- 06 May 2003 12:07
- 56 of 96
Nice one but not unexpected
XANSA STATEMENT REGARDING ROYAL MAIL GROUP CONTRACT
Xansa, the international business process and IT services company, today
announced that Royal Mail Group has issued the following statement regarding an
IT outsourcing contract.
ROYAL MAIL AND THE CSC-LED PRISM ALLIANCE
AGREE #1.5 BILLION LANDMARK DEAL FOR IT
Outsourcing will save #250 million over 10 years
Royal Mail Group announced today it has signed a contract with Computer Sciences
Corporation (CSC) in a #1.5 billion landmark deal to outsource IT operations.
Savings of #250 million will be generated over the life of the ten-year
contract. The outsourcing of Royal Mail's IT support services marks the
completion of a key element of a three-year renewal plan to return Royal Mail to
profitability.
CSC's Prism Alliance, which includes BT and Xansa will be responsible for
running Royal Mail Group's data centres, data networks, voice services, desktop
computers, and over 600 business application systems. As prime contractor, CSC
will be responsible for the overall management of the contract, relationship and
services that are to be delivered.
Adam Crozier, Royal Mail Chief Executive, said: "This is a great deal for Royal
Mail and a great deal for our people. It is a vital component in our renewal
plans in terms of reducing costs and giving us the information technology
services that we need to make Royal Mail a great company.
"The CSC-led Prism Alliance is a powerful combination of three world-class
companies. In one leap we will have access to the levels of advanced technology
we need to compete successfully and improve our services to customers.
"We have also worked very hard to make sure our people are taken care of. As
well as the statutory transfer regulations (TUPE), which protect staff
interests, we have negotiated additional guarantees on job security and pension
arrangements. The outsourcing also opens up fresh career opportunities for our
people within companies that are global players."
"On behalf of the Prism Alliance, we are pleased to conclude our previously
announced negotiations and enter into this agreement with Royal Mail," said CSC
Chairman and Chief Executive Officer Van B. Honeycutt. "Royal Mail's selection
of CSC for one of the largest IT outsourcing contracts ever signed in the UK
underscores CSC's experience and results in managing highly complex, large-scale
outsourcing programs. We look forward to working collaboratively with Royal Mail
and our alliance partners to help Royal Mail achieve its renewal plan
objectives."
How it will work
Some 1,735 people, mostly IT professionals currently employed by Royal Mail,
will transfer to CSC, Xansa and BT on existing terms and conditions under TUPE
regulations. CSC will account for approximately 1,470 employees, Xansa 220
employees and BT 45 employees.
CSC will manage the contract and will be responsible for the maintenance of
Royal Mail's 42,000 desk-top computers; the management and development of Royal
Mail's server, mainframe and IT processes. CSC will also develop and maintain
applications; and provide a range of professional services supporting business
critical systems.
Under a subcontract with CSC, BT will provide a new network and services
including local and wide area voice, data, mobile, internet and firewall
technologies. BT will also provide support services for call centre operations
and intra-company video and audio conferencing. This work represents #450
million over ten years.
"This partnership is the kind of 'multi-sourcing' approach to outsourcing that
companies are realising is the best structure for today's challenges," said
Pierre Danon, chief executive of BT Retail. "BT is particularly proud to be a
part of this work with Royal Mail, not only because of the strength of our
partner companies, but because we have shared Royal Mail's challenge of moving
from a government monopoly to an agile, modern competitor."
Under a subcontract with CSC, Xansa will provide application management and
software development services and solutions to Royal Mail Group and Post Office
Limited as part of the Prism Alliance. Xansa services are valued at up to #180
million over ten years.
Alistair Cox, Chief Executive, Xansa, said: "We have worked with Royal Mail
Group for over five years and were recently honoured to be named 2002 Supplier
of the Year. We are delighted to continue bringing benefits to their business
for years to come. We take great pride in building long-term client
relationships and particularly look forward to helping the Royal Mail Group
build for their future through new ways of working.
"We warmly welcome those employees joining Xansa who will be a valued addition
to our workforce. Together, we will create flexible working methods that will
allow Royal Mail Group to buy what they need, when they need it at good value
and with high quality."
- Ends -
ainsoph
- 06 May 2003 12:12
- 57 of 96
heres the update on trading expected end of last week ;-)) ...... shares up a tick or two and at highest level for 8 months @ 77/80p .... my 7th biggest holding at this time
ains
Pre-Close Update
Full year outturn in line with management expectations
Xansa, the international business process and IT services company, is pleased to
confirm that the outturn for the full year ended 30 April 2003 remains in line
with management expectations.
Since the announcement of our Interim results, we have made significant progress
in our streamlining programme, which covered direct and indirect costs, property
and infrastructure. The key strands of the programme are now complete. The
management team has successfully implemented a new organisational structure
throughout the company. As a result, we believe that we have created a sharper
organisation, fitter to deal with the market challenges and well positioned for
growth.
Through continued rigorous cash management and the efficient implementation of
the streamlining programme, the company's overall cash position and annualised
savings are slightly ahead of our original plan, with exceptional charges as
expected.
Since the Interim results, we have continued to grow our Business Processing
Outsourcing (BPO) division, including the recently announced accounting and
finance contract with mmO2. This further strengthens our already profitable BPO
business which, along with IT outsourcing and supported by our Indian delivery
channel, continues to position the company well in markets which remain
challenging both in the UK and internationally.
Commenting on today's announcement, Alistair Cox, Chief Executive of Xansa said,
"As we said at the December Interim results, we are not expecting any marked
upturn in demand during our financial year 2003/04. We are addressing this
environment through our streamlining programme while continuing to position the
company for future growth by investing in such areas as India and BPO.
I am pleased that we also announced today the signing of the landmark IT
outsourcing contract with the Royal Mail Group, as part of the Prism Alliance.
This is a terrific result for us all."
The preliminary results for the year ended 30 April 2003 will be announced on 25
June 2003.
ENDS
ainsoph
- 06 May 2003 12:20
- 58 of 96
Market likes the news .... 7th in the FTSE250 risers board @ plus 6.49% intraday with over a million shares traded
ains