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.

proptrade

Have you got any webpage links that lead to info that supports your view?

Losing 13.5p per share in interim report.


Had a big share issue from 63.77 to 110.85 million shares but seems to be burning 15M of its 55M cash in 1/2 a year.


Risky perhaps?

Has something changed?

apple

what has changed is that in the recent runup in stocks, those that will stay at the top of the pile will be the quality credible names as opposed to the crap. ESY has a strategy that is pitching itself and beating its main competitor (BT). If you go on easynet's website and plug in a few numbers on the savings calculator (as if you were a proposed customer versus the BT charge) you will find that ESY will CONTINUE to win business from small companies to the largest multinationals (see their most recent trading statement).

I have always invested on the basis that I research a company and only buy when I believe in the management and strategy the company is pursuing.

I don't want to harp on about the EBITA going positive news but this vital. this means that the companies strategy is working and is now at a critical mass whereby new business will reflect directly to the bottom line. It also shows that the company has delivered as promised (if you delve back into past results and statements).

I think the results in a few weeks will be better than the ESY trading statement.

It is always a risk, especially in the internet space, but after doing my research I think this is a long term winner.

MM marking ESY down on no volume...buyers emerging. i am adding.

Fidelity continuing to add...

seems like more stakebuilding. good volume day today, i expect ESY to shoot up over the next few sessions.

Results out on the 26th February. It appears from the additional stake building from the Buyside this is a stock that will rise once the results are out.

The trading statement in January was very positive and I think the results will see the company exceeding those expectations by a wide margin.

My 200p target is attainable in a short space of time....

OK, a stock I have gone on about for a while but one that is continuously overlooked. ESY is a financially sound and has now turned EBITA positive. Revenues are now in triple figures and they expect to turn cash flow positive in 2005 (or potentially earlier). At the current rate, that would make their forward p/e increadibly low for such a high growth business.

I am a long term holder and believe that this name should be trading well above 200p and is also on the radar of some of the larger telcos and could ultimately command a significantly higher price.

There have been significant director purchases over the last couple of months and that, combined with an oversubscribed placing at 130p, should see the current share price well supported.

I just think that ESY is really worth a look and would be interested to hear any other views on this matter.

Prop,

Couldn't agree more. I think that there a number of positives. Strong, financially secure and high growth customer base, technical capability, scale low cost provider and great exec team including Keith Todd, formerly ICL - also heading up another of my investments in FFastfill(FFA)which I believe also has great potential (Board meeting on 13 May should be positive to expectations).

Like you I am waiting for the market to awaken to the ESY opportunity - these guys have consistently delivered the numbers and the share price should start to head north. The markets like consistency and performance so be patient is my advice and stay committed to the stock...good things come to those to wait...hopefully soon!

Joe,

Thx for the support on this one. The fact is that ESY has consistently produced the results and I think it is a case of this name being off the investor screens because of the lack of broker coverage and occasional slip in volume.

The reality is that this stock delivers and with such high sales which are flying quarter on quarter, ESY will surely be a tipsters choice somewhere (as it is mine!)

Looking forward to the 13th and for the record I have doubled my position today.

cheers

Yet more good news..announced taday at the AGM


Easynet Group Plc

Annual General Meeting - Chairman's Statement

London, UK - Speaking today at the Annual General Meeting of Easynet Group Plc
(LSE:ESY), ('Easynet' or 'the Company'), the pan-European Broadband networking
company, the Chairman, Keith Todd, said:

'As a result of our continued strong progress we are moving forward our guidance
for when we expect to turn cash flow positive (based on our current investment
plan), to during the second quarter of 2005. In addition, we expect the Company
as a whole to turn EBIT positive by the end of 2005, and our U.K. business to
turn EBIT positive during the first quarter of 2005, supported by the Company's
strong balance sheet.'

'The Company continued to perform well during the first quarter. We won
significant contracts from Ideal Group, Hill Mc Glynn and Elan Pharma, all of
which include connecting offices or retail outlets to our high speed managed pan
European broadband network. Additionally our Continental European business
achieved positive EBITDA as planned.'

'In the public sector in the U.K. we have also started to win contracts as part
of the framework agreement signed earlier in the year with the DTI. Among those
were 'ADIT North East', for disaster recovery and high speed national backhaul
services, and Slough Borough Council, to connect 49 schools and colleges with
very high speed bandwidth capabilities. Our ongoing Local Loop Unbundling
program with associated unique high bandwidth products continues to create
opportunities for the business.'

'The year has started well with continuing strong growth whilst maintaining high
gross margins, giving the board confidence in achieving its accelerated targets
for cash flow generation and EBIT profitability.'


- Ends -



For further information please contact:

Easynet Group Plc Tel: 020 7900 4700
David Rowe - Chief Executive Officer
Will Gardiner - Chief Financial Officer

Hudson Sandler Tel: 020 7796 4133
Andrew Hayes / Sandrine Boussard

So I'm now really struggling with this - the company announce positive EBITDA well ahead of analyst expectations, a positive trading statement and the price continues to ease. Can anyone explain what's happening?

a classic case of not enough analyst coverage and I would also blame the house broker. This is a great story with fab growth and fails to spark the liquidity players so seems to have fallen through the cracks.

in this type of market (when the air is seeping out) there is a general flight to quality and i have to say that this is where my money is staying.

I also still maintain that this name will be taken out at some stage by one of the big operators.

This company has insider buying, a proven track record, has always delivered on it promises, cashed up, a recent oversubscribed placement and a strong respected management team. Stick with ESY because i can really see this one spiking to 200p and beyond over the next 12 months.

after taking a tumble on lack of newsflow there has been a volume spike over the last couple of days and momentum to the upside. I have added and i see a decent return from here.

anyone else have any thoughts?

really big buyers around today...i have added even more! smells like something positive is in the air...

At last it looks like something is about to happen. Even more volume trades today. I think a bid could be in the offing.

very possibly....unusual volume and some chunky trades for this name. fingers crossed..

volume and price continue to rise. feels like a spike is imminent.

Not trying to mutlipost here BUT news out on Reuters could explain the rise and increased interest...

Britain's Colt Telecom shares rise on takeover hopes
LONDON, June 9 (Reuters) - Shares in Britain's Colt Telecom (LSE: CTM.L - news) rose more than three percent on Wednesday on persistent speculation that France Telecom (Paris: FR0000133308 - news) or Cable & Wireless (LSE: CW.L - news - msgs) might be mulling a takeover.

Dealers said talk that France Telecom might be looking at Colt Telecom, or another UK alternative carrier, has been circulating in the market for some time.

Recent talk that Britain's Cable & Wireless or France Telecom are looking at acquisitions has boosted shares in a range of alternative carriers including Colt, Kingston Communications and Easynet .

"We don't comment on market speculation," said a spokeswoman for Colt Telecom. A France Telecom spokesman declined to comment. Cable & Wireless also declined to comment.

One analyst doubted that either Cable & Wireless or France Telecom would be in a position to make a major purchase.

"It's very hard to believe that Cable & Wireless would go for a deal that would be dilutive," said the analyst, who declined to be named.

By 1051 GMT Colt Telecom's shares were among the mid-caps biggest gainers, up 3.5 percent at 88-1/2 pence, valuing the company at around 1.3 billion pounds ($2.4 billion). C&W's shares were up one percent at 131-1/4p.

In Paris France Telecom's shares were down 0.2 percent at 20.29 euros.

The analyst added that Colt Telecom did not fit with France Telecom's core business. (Additional reporting by Friedel Rother, Steve Slater and Chris Noble in Paris