18th October 2007 : Leadcom voted "AIM International Company of the Year for 2007"




Main Web Site : http://www.leadcom-is.com/

Investor Relations Email : investorsinfo@leadcom-is.com

Different write up of the Redknee/Leadcom deal released today.

http://biz.yahoo.com/prnews/070220/sftu082.html?.v=94


Redknee and Leadcom Offer Latin America Converged Rating and Charging

Tuesday February 20, 7:00 am ET

Agreement Extends Redknee's Flexible Rating and Charging Solutions to Operators in Latin American Markets................................

Lively today, has anyone seen anything from India, the BSNL case should have got going again yesterday I think.

PP .... just let sp keep ticking up ..... let the lawyers have their day; they need the money!

So, now its closing time and results tomorrow, I'll go for :

Revenue nicely up last year and continuing the CAGR of around 40% year on year.

Earnings not up, but we know the factors for this, being the secondary placing increasing the shares in issue, and that this year Leadcom must pay 30% tax, compared to half that in 2005. In US cents terms it might come out roughly the same as last year, but not in sterling terms I do think.

EPS figure, I'll go for my conservative estimate above of 3.8p.

Should be at least 100m $ of firm 2007 order book in place, it would be great if they could say 110m to 120m $ already firm for 2007.

Potential order book standing at above 600m $.

Post year end event being the Bond Issue after getting the A3 rating, and cash in bank levels are good at present.

NAV per share increased upwards again.

figures will (i hope) be jolly .... was not aware they were due tomorrow, though looking back, i see they were scheduled for "late February" so close enough

Results day conference call information :



The "flyer" is now posted in the Leadcom Info Folder :

http://www.esnips.com/web/LeadcomInfo


or you can download the flyer direct at the link below (Word Format) :

http://www.esnips.com/nsdoc/c73207ae-89df-4068-8b93-9816cdb6436f

RESULTS LOOK GOOD

Very nice, better than I was hoping for.

2007 order book now at 130m $ firm, and expecting 180m $ at least.



http://www.investegate.co.uk/Article.aspx?id=20070222070500Z9088



Leadcom Integrated Solutions Ltd
Leadcom Integrated Solutions Ltd.

Preliminary Results for the Year Ended 31 December 2006

Growth into New Markets Sees Leadcom Achieve Record Revenues and Profit

Leadcom Integrated Solutions Ltd., ('Leadcom', AIM: LEAD), a leading
international provider of innovative telecommunication solutions, announced
today preliminary results for the year ended 31 December, 2006.

-0-
*T
Twelve months to December 31 2006 2005 Change
in US$ '000
Revenues 138,322 97,379 42.0%
Gross Profit 39,763 27,261 45.9%
Gross profit margin 28.7% 28.0%
Operating profit 13,890 10,118 37.3%
Operating profit margin 10.0% 10.4%
Normalized PBT* 14,659 10,453 40.2%
Normalized PBT margin 10.6% 10.7%
Profit before Tax 12,508 9,174 36.3%
Tax 3,867 1,522 154.1%
Net Profit 8,688 7,456 16.5%

Dividend per share in US Cents 2.1c 2.0c
Earnings per share - Basic in US Cents 8c 9c
Diluted in US Cents 8c 8c

* 'Normalized PBT': pretax profit before Company's expenses in respect of share options
*T

Financial Highlights

-- Revenues up 42% to US$138.3 million (2005: US$97.4 million)

-- Gross profit up 45.9% to US$39.8 million (2005: US$27.3 million)

-- Gross margin increased to 28.7% (2005: 28.0%)

-- Normalized profit before tax up 40.2% to US$14.7 million (2005: US$10.5
million)

-- Basic & diluted EPS is 8 US cents per share (2005: 9 and 8 US cents per
share, as per table above)

-- Dividend increased to 2.1 US cents per share (2005: 2.0 US cents per
share)

-- Placing in May 2006 of over 19 million shares with UK and US
institutional investors - net proceeds of US$21.2 million

-- Private placement in December 2006 of unsecured bonds in the principal
amount of NIS 125 million (approximately US$30 million), linked to the
Israeli consumer price index, bearing an annual interest rate of 6.65%.
Placement resulted in total funds availability of over US$50 million

-- Cash as of December 31, 2006, was US$34.9 million

-- Shareholders' equity of US$44.5 million, more than tripled compared to
US$13.2 million on 31 December 2005

Business Highlights

-- Penetration into new countries and territories, including India,
Democratic Republic of Congo, Gabon, Congo, El Salvador and Eastern
Europe, with several opportunities also pending in these regions

-- Additional significant contract awards include Italy, Bulgaria,
Tanzania, Chile and the Caribbean

-- Strong order book and visibility for the next 18 months

Arik Alcalay, Chief Executive Officer, commented:

'These are impressive results for Leadcom, demonstrating again the strength of
our strategy and our ability to deliver. This is Leadcom's fourth consecutive
year presenting 40% growth in revenues, with this growth being translated into
almost every parameter. The increase in the dividend per share, on top of the
increase in the number of shares in issue, indicates to our financial strength.

2006 was an extremely important year for Leadcom. During the year we established Leadcom in India, as we have continued to build our competencies in this region of strategic importance. This entry into the Indian market represents a substantial long term opportunity for Leadcom and we are both pleased with the progress made so far and excited by the potential for our business this coming year and beyond. Already, our investment has led to orders in excess of US$20 million, which will be recognized in 2007, with the potential to grow significantly. On December 1st, 2006, our order book for 2007 stood at over US$100 million. Since then, we have already announced additional wins of over US$30 million.


It is important to be conservative when looking forward. However, Leadcom is
entering another exciting phase in its development and the outlook for 2007 is
positive. We expect the organic growth pattern experienced in 2006 to continue,
and will complement our existing growth with the ongoing search for further
earnings-enhancing opportunities. Leadcom expects revenues of at least US$180
million in 2007, with gross and operating margins in line with those of 2006. I
look forward to reporting further progress throughout the year.'

-0-
*T
Enquiries:

Yael Margoninsky - Leadcom
Tel: +972 9 7690011

Ben Thorne / Garry Levin - Altium
Tel: +44 (0) 20 7484 4040

Luke Ahern - Corporate Synergy
Tel: +44 (0) 20 7448 4430

Jonathan Shillington/Matt Austin - The Global Consulting Group
Tel +44 (0) 20 7826 2600
*T

sorry to say, but the market is underwhelmed

No cynic, the momentum of the recent rise has caught up, and those traders are selling, its quite normal for results day falls on most companies if they have been rising into them......its only the ones who produce the unexpected that see results day rises.

A small consolidation before the next leg up imo.

On a current year PER of times 10, falling to times 8 next year, and thats with "conservative" forecasts.........too cheap by half for a comany putting in 40% CAGR.

It should be very obvious to most now that with 130m $ of "estimated 180 m$" revenue in 2007 in the bag by end of Feb 07, that BSNL is not in the forecasts as yet in any major way.

Ari said "conservative" - in other words confirming that 180m $ should present no problems without the BSNL big one, and if BSNL comes in then you can expect a revenue figure much higher than that for 2007.

Earnings per share held back by the increase in the No. of shares in issue, that may be responsible for the lukewarm reaction this morning. Quarterly reporting means a more regular flow of info, which imo is good.
2517

not sweating remotely ...... very nicely in the money and am happy to let it run

cynic-----likewise, I paid a few pence more than yourself for my holding, but have every confidence and will continue to 'let it run' also. Plenty of mileage ahead imo.
2517

EPS was held back by the increase to full tax rate, and the additional shares in issue.

Good news is the tax rate goes back to 29% this year, and 28% 2008.



A nice summary post on AFN:

p4cman - 22 Feb'07 - 09:03 - 3839 of 3842
I think the results are very positive and more importantly there are no 'nasties' to cause concern.

regarding the recievables;

"Based on Leadcom's experience with the concerned client base, management is confident that the total of trade receivables and accruals will be turned into cash. Our experience since the beginning of 2007 supports this expectation. "

and they are not going to run out of cash any time soon;

"Cash as of December 31, 2006 was US$34.9 million, including proceeds of US$29.6 million of private placement of unsecured bonds, coupled with unutilized credit facilities, resulting in over US$50 million of funds available to support any upcoming opportunity."

and looking forward;

"Leadcom continues to improve its standing with its partners and customers. These relations have presented Leadcom with a number of opportunities to win new business, both in existing and new territories. This has provided Leadcom with a clear view of its revenue stream and expected growth throughout the current year and into 2008."

On line limits now :

BUY 5K at 59.81

SELL 52.5K at 58.68


Therefore, a buy order is waiting to be filled imo , we might be moving on up again soon.

decided to be a good boy and just stay with the quantity i have

Do not forget to listen in to the conference call later this afternoon (15:00) !!


Thursday, February 22nd, 2007

Notice of Conference Call For
Leadcom Integrated Solutions Ltd.
(AIM: LEAD)

17.00 (Israel), 3:00 PM (UK), 10:00 AM (US Eastern)

Our conference call will be broadcasted live on our investors web site, at www.leadcom-is.com, and will be available for later hearing on the website from
February 22, 2007 at 20:00 PM (Israel), and until March 31, 2007, at midnight.

don't need words, just sp heading north!

With ref to the Conference Call, it was good to hear the working cap situation disucssed and that this year will be at the very worst cash break even. This is highly important, as with 34m$ in the bank and facilities for 50m$ things look fine , but its nice to know anyway that that is not going to be eroded. Its also good to hear that debtor days are reducing now in the new fiscal year.

High growth comes with its downside, and that consumption of working cap and payment terms. With new factories, new offices, more staff, more work in progress, more cap-ex, new customers etc.. things can really get nasty.

The plus point for Leadcom is that now they are situated at a time where their consolidation is done, if you like a pause for breath,, they have the cash and facilities to fund a period of further growth and also be more in control of the future than they were before, and can now get on with it.

So in those terms, its very nice to hear the issues discussed and the answers given. When a sector gets "hot" lots of people overlook working cap, debts and debtor days and these things can really hurt a growth company, however, as we are now, all is very much under control for LEAD.


For those who have not listened to the Conference Call you can do so via this direct link you can open in Real Player :

http://viavid.net/vvdce/U156489/E00003B1F.asx

If you do not have Real Player, you can open via this link :

http://viavid.net/player/dcem.aspx?sid=00003B1F

Post from AFN :


jonfa - 23 Feb'07 - 06:16 - 3874 of 3874


Buy rec in the Independent

Leadcom

Our view: Buy

Share price: 59p (-1.5p)

Leadcom, which puts together mobile phone systems in emerging countries, yesterday unveiled a strong set of annual results on all metrics. Profits rose 40 per cent to $14.7m, revenues jumped 42 per cent to $138m, while the dividend was hiked to 2.1 cents a share. The Israeli group's two biggest geographical territories performed particularly well. Sales to Europe, the Middle East and Africa rose by 68 per cent, while to the Americas they rose by 30 per cent. Clearly there is strong momentum behind the business, and evidence that the company has secured a foothold in India, a potentially huge market, is exciting. Although sales to India stood at only $1.7m last year, they are likely to rise significantly in the coming years. Given the high growth parts of the world in which Leadcom operates, its shares are far from expensive. They currently stand at just 11.5 times estimated earnings for 2007