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

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

BSNL asked to add 108 mn subscribers by 2010

link: http://www.newkerala.com/news4.php?action=fullnews&id=108048

New Delhi, Feb 22: State-run telecom major Bharat Sanchar Nigam Ltd (BSNL) was Thursday asked by Communications and Information Technology Minister Dayanidhi Maran to aggressively boost its GSM presence by adding 108 million subscribers by 2010.

"It should also double its target by focusing on GSM connectivity and by adding 500,000 broadband connections per month from January 2008," he added.....

PP ..... because i am such an idle little shit and can't be bothered to research, what exactly is the link between BSNL and Leadcom

BSNL is a big company in India, who are expanding very rapidly. The more lines they put in, the more work for Nokia/Ericsson etc.. which means they sub contract more to Leadcom :)

ah thanks .... so all rather arm's length and more, though reasonable logic nevertheless

Yep, rather like owning a chicken farm that Tesco buys from, and then Tesco say they want to sell 100% more chickens..........knock on effect and all that.

Looks like the Nokia 40% of BSNL might get awarded soon.........very good news for Leadcom if it does.

http://timesofindia.indiatimes.com/NEWS/India_Business/BSNL_told_to_file_application_for_awarding_GSM_contract/RssArticleShow/articleshow/1689678.cms

27th Feb 07

NEW DELHI: The Delhi High Court on Monday asked BSNL to file an application on its proposal seeking clearance to award 40% of its 45 million GSM lines contract.

A bench comprising Justice Swatanter Kumar and Justice HR Malhotra directed BSNL to file an application after additional solicitor general Gopal Subramanium suggested a solution to the stand off, saying the court should allow awarding 40% of total contract value....................


******************


On a different note, anyone think the markets are soon to be headed for a fall ? I do, here is a post I put on a different LEAD thread today.

"I too have completed my selling, not of LEAD by the way, but lots of other stocks, and now have just a few core holdings (the LTBH type shares) that I'll hold all the way through the summer.

Its nearing tax year end, the AIM market is soaring, lots of AIM stocks flying upwards...........tells you its time to take profits, as the bears will be in the market soon, and those who sell in May and go away are not far off appearing. The rating on LEAD is undervalued, so not really that worried here should there be any market corrections in the months ahead, there are more interesting and exciting short potentials out there on ratings that are, lets say, toppy, and getting more toppy each day."

yes; i certainly agree FTSE is due for a sharp though probably short and temporary retrenchment ....... not quite so clear for Dow which may well prove contrary.

if FTSE does stumble, then defensive stocks (breweries, leisure, banks etc) will be the safest investments, with oils and miners (especially E&P stocks) inevitably the hardest hit.

On line limits have swung more positive.

BUY 50K at 58.38p

SELL 50K at 57p

Is the seller clear ? or just a pause ?

cynic, I would reckon the China stocks will be the ones that are hit. We had a junior O&G bubble this time last year, and this year its China stocks. Everyone is looking at adjusted EPS forecasts, and should be looking at real EPS forecasts (and forgetting most of them need more cash, will do secondary placings soon, which will dilute those EPS forecasts to bits). China always has run on debt, and still does to this day. I'll wager most of the present "China Darlings" are significantly lower come June time.

wait and see .... certain people have been mocking me about taking my profits at SOLA .... we shall see over the next few days!