GUPPYWORLD
- 02 Dec 2003 12:15
Just interested in anyone's vies on this stock,. now up to over1.40 which is a year high,, has this got legs or will it come back to a lower level?
ndtal
- 08 Dec 2003 16:47
- 4 of 4
I agree with you funda... though I think there can be more to come from CPW.
The extra revenue from the sale of hands free goods has got to be beneficial...
Just thought I would post the highlights of the results given at the beginning of November. I bought in on the strength shown by these results..
A bit of a slip back in last couple of days.. Just a bit of profit taking I think, and a possibly buying opportunity..Just my opinion...
Financial Headlines
15.5% growth in like-for-like retail revenues and 10.1% growth in like-for-like gross profit
61.1% growth in headline earnings per share after ?5.5m of losses from talktalk?
16.4% growth in connections to 2.24m
20.8% growth in subscription connections to 1.06m
?18.3m of free cash flow generated
Exceptional charge of ?4.7m relating to German reorganisation
Interim dividend of 0.4p per share
Operational Headlines
Successful integration of Hutchison Telecommunications GmbH
Acceleration of talktalk? strategy
Strong performance in major European markets
1,175 stores: 500th UK store opening this week
1,000 new jobs created over next 12 months
Hans Snook, Chairman, commented:
?These are very good results positioning us well to meet expectations for the full year.
?Our core retail business has again delivered strong like-for-like sales and gross profits. The good subscription mix is also fuelling the rapid growth in our continuing revenues beyond the point of sale, further improving the profile and quality of our earnings. The impressive growth of our Continental operations reflects the impact of our management team and the growing critical mass we are establishing.
?The acquisition of Opal has proved a winning move. We are now a significant, profitable and fast growing player in the business telecoms market. Opal has also enabled the highly successful launch of talktalk?. This extends and reinforces our position as the natural port of call for customers to meet all their communications needs. It is also rapidly building an additional recurring revenue and underlying profit stream.
?The heightened competition between both mobile networks and handset vendors, coupled with our widened customer offer and store portfolio development, gives us confidence in sustained, profitable growth.?