ATCG Results due monday expected to be good, returned to profit last interims, major new contracts won recently with Vanco, Siemens and extended contract with BT for a further 6 years. Share price has suffered lately due to Mark Woodbridge leaving (he was previously director of Torex Retail June 2000 to 2003). Expect a strong recovery on back of these contract wins and aquisition of Rocom

AT Communications Group Plc
06 December 2006

6 December 2006



AT Communications Group Plc

Trading update and major new contract win



AT Communications Group Plc (AIM: ATCG; 'ATC' or the 'Group'), one of the UK's
leading business to business communications groups, today announces a trading
update for the year to 31 December 2006 including expected profits and progress
on the integration of Rocom, as well as a major contract win with Siemens.

Trading continues to be generally strong, with the Group awarded a substantial
new contract with Siemens Enterprise Communications for online services using
Rocom proprietary e-trading platform, RocomX, as well as the provision of
managed services.

The Board expects to secure additional contracts during Q4 but the bulk of these
revenues will be recognised in 2007. The Group expects to report pre-tax and
pre-goodwill profits in the order of 4.5 million, having reported a loss in the
previous financial year. The Board also expects to pay a maiden dividend for
the year to 31 December 2006.

Since the Rocom acquisition in August 2006, the Group has largely completed the
reorganisation and integration programme and will fully operate as three key
business units with effect from January 2007.

The Rocom brand is now used for all distribution and channel customers with ATC
indirect (channel) customers now serviced by Rocom, as service teams of both
organisations are fully integrated. Cross-selling opportunities across the
direct sales teams are also already being exploited.

The Group is about to launch a newly branded Service division which comprises
engineering and technical service delivery to direct and channel customers as
well as third parties such as BT and Vanco.

Nice write up from Colin at TMF on ATCG :

http://boards.fool.co.uk/Message.asp?mid=10615068


.

Excellent, that gets debt down and sorts a few things out. Nice to the new FD wade in with more big purchases, he appears to like what he sees then


http://www.investegate.co.uk/Article.aspx?id=200707130700411879A

RNS Number:1879A AT Communications Group Plc

13 July 2007

AT Communications Group plc

Placing to support accelerating growth Trading Update

AT Communications Group plc (AIM: ATCG, "ATC"), the business-to-business communications group, is pleased to announce that 10,638,298 ordinary shares of 1p each ("Shares"), have been conditionally placed at a price of 47 pence per ordinary share, raising gross proceeds of #5 million, (the "Placing").

The proceeds of the Placing will be used to reduce indebtedness in line with strategy and for working capital to fund the growth of the business.

As part of the Placing, Ian Crawley, who will become the Group Finance Director on 17 July 2007 as announced, has purchased 851,064 Shares, increasing his total holding to 2,362,493 Shares or 3.07 per cent. of the total Shares in issue following the Placing.

Admission to AIM of the Shares is expected to take place on 7 August 2007 and is conditional upon approval by shareholders at an EGM to authorise directors inter alia to disapply pre-emption rights which has been convened for 6 August 2007.

ATC Directors in addition to Ian Crawley represent 24.34 per cent. of the Issued Share Capital of the Company and will vote in favour of the resolutions at the EGM.

The Company's recent strategy built on the twin platforms of IP-based telephony and cross selling through its three divisions has been very successful. A good new business pipeline is beginning to build for the second half and prospects for the year as a whole look very encouraging.

Interim results for the six months ended 30th June 2007 are expected in September at which juncture shareholders will be updated on ATC's further progress.

Daniel Stewart comment this morning :

AT Communications - BUY Price: 48.5p Target price: 70p Code: ATCG.L Analyst: Mike Jeremy | 020 7776 6570

Debt addressed

AT Communications has raised (gross) 5m through the placement of 10.638m shares conditionally placed at 47p, with proceeds allocated towards debt reduction and for working capital to fund growth.
Ian Crawley (Group Finance Director from July 17) purchased 851,064 shares
Post issue the key ratio is net debt / EBITDA, which should decline to 0.98x by the year-end, creating conditions for reduced interest costs and for the flow-through from top-line contract wins (the most recent being the BT 9m Mitel contract) to EPS. We estimate 18% EPS growth 07-09.

AT Comms trades on an extremely attractive 7.2x FY07 PE, 6.0x 08 (post-issue calculation). Buy.

Colin covers ATCG in the "The Week That Was" post this week on TMF

Link to the post is : http://boards.fool.co.uk/Message.asp?mid=10621144


Extract of the part on ATCG is below ;


"....................Placing of the week take two

AT Communications Group plc (ATCG) announced on Friday 10,638,298 ordinary shares of 1p each ('Shares'), have been conditionally placed at a price of 47p per ordinary share, raising gross proceeds of 5m, (the 'Placing').

The proceeds of the Placing will be used to reduce indebtedness in line with strategy and for working capital to fund the growth of the business.

http://www.investegate.co.uk/Article.aspx?id=200707130700411879A

The new FD is keen, Ian Crawley, who will become the Group Finance Director on 17 July 2007 as announced, has purchased 851,064 Shares, increasing his total holding to 2,362,493 Shares or 3.07% of the total Shares in issue following the Placing.

ATCG also announced a trading update: The Company's recent strategy built on the twin platforms of IP-based telephony and cross selling through its three divisions has been very successful. A good new business pipeline is beginning to build for the second half and prospects for the year as a whole look very encouraging.

Placing was at a shade below the opening price, the market thought the placing was a 'good thing', ATCG's SP ticked up 7% on the day.

The SP finished the week at 52p.

Contract of the week

Busy week for ATCG on Monday a significant contract was announced:

The Board of ATC is pleased to announce that, in addition to its recently extended six year contract with BT to support a wide range of Traditional and IP Telephony systems, it will now include the supply of the Mitel 3300 ICP and SX-2000 range of products.

http://www.investegate.co.uk/Article.aspx?id=200707090700438498Z

I have written about ATCG earlier this week:

http://boards.fool.co.uk/Message.asp?mid=10615068

For the avoidance of doubt, the phrase The inclusion of the Mitel product line together with associated support services is expected to generate revenues in the region of 9m to the Group over the next three years means an additional 9m of revenue over the next three years..............."

Bought into these on Monday, looks undervalued on forecast EPS however upbeat noises about additional deals and growth due to cross-selling, heavy director buying and placing at 47p to reduce debt and provide working capital all gave me confidence to buy some. May buy more if there is any weakness.

Good idea Andy!!!

Profit-taking and last weeks general market sell-off means that in a loss now but hey, it has today triggered my buy order and have added at a price I thought I'd missed. Nothing has changed with this company in one week, still under-valued on forward earnings, good growth and if FD can spend amost 1m of his own dosh including 400k in the placing at 47p then that is good vote of confidence.

More good news :)

http://www.investegate.co.uk/Article.aspx?id=200708020700393671B

AT Communications Group Plc 02 August 2007

AIM: ATCG

AT Communications Group PLC ('ATC' or 'the Group')
http:// www.atcommunications.co.uk

Marks & Spencer plc (M&S) Contract Win

The Board of ATC is pleased to announce that the Group is supplying M&S with a
range of Freeplay environmentally friendly electrical products, which will be
launched at the end of August. This contract was secured via the Group's Rocom
division and is expected to generate revenues in excess of 1m per annum. The
product range will be branded Freeplay and will be in M&S packaging.

Freeplay Energy plc is the original and leading global brand of clean,
dependable energy products. Freeplay Energy's patented technology harnesses
human, solar and rechargeable energy and converts it into electricity to power
unique portable, consumer products replacing conventional disposable
battery-powered systems that are environmentally toxic and expensive.

The current product range includes mobile phone chargers, radios, torches,
lanterns, and standalone foot powered generators. Freeplay Energy's Lifeline
radio is distributed throughout the developing world by the Freeplay Foundation
(www.freeplayfoundation.org) as well as by aid and humanitarian organisations
such as Unicef and other United Nations agencies.


Alex Tupman, CEO, commented:

'We are pleased to announce this contract win with M&S as it further
demonstrates the Group's combined strength as being able to sell to and supply
major high street brands. This follows on from our recent contract with Dixons
Stores Group International.'

Daniel Stewart comment :


AT Communications - BUY
Price: 47p Target price: 70p Code: ATCG.L Analyst: Mike Jeremy | 020 7776 6570

New Contract Win

Following the recent news of a 5 million placing to reduce debt, AT Communications has this morning announced a new contract win to provide M&S with a range of environmentally friendly electrical products through its Rocom division.

The win demonstrates the Group's continuing ability to sell to recognised high street brands, having recently won a contract with Dixons.
The stock now trades on a PER of 7.1x, falling to 5.6x.

We recommend buying up to 70p, 48% upside.

Post from AFN :

Stegrego - 6 Aug'07 - 22:00 - 479 of 490

Given 'Share of the Month' in Hargreaves Lansdown Penny Share Prophet

After a period of acquisition and reorganisation
ATCGs prospects have never looked better in our opinion.
The shares, however, are currently priced on 7.6 times estimated earnings for 2007, falling to 6.0 times if forecasts for 2008 are achieved and we think that the shares look cheap at current levels.
The company is one of the UKs largest independent business communications groups, providing a comprehensive portfolio
of voice, data, mobile and video solutions, specialising in Information Processing (IP) technology. It focuses on small to medium enterprises (50 to 5,000 employees) and operates through three divisions:

ATC Solutions, which deals direct with end users, mainly towards the higher end of medium in size;
Servassure Strategy, which has a Broad Network and Engineering Services portfolio and its services are packaged
for resale, distribution or wholesale consumption;
Rocom Strategy, with a primary focus on volume channels.
Since coming to AIM in 2005 there have been four acquisitions, Rocom Strategy being the most significant. It added 30,000 customers and effectively transformed the group.
The significance of this was demonstrated by the announcement on 09/07/07 that the major ongoing contract with BT has been expanded to include the supply and maintenance of Mitel and SX2000 products, strategic development bringing together products and support functions.
2006 was a year of progress with the formalising
of the operational structure and the announcement of pre-tax profits of 2.8m compared with a previous loss of 22,000.
Earnings per share were 7.12p and a maiden dividend of 1p net was declared. Acquisitions and strong organic growth pushed turnover up from 15.1m to 54.1m. Operating profits
more than trebled from 5.7m to 18.8m.
The group is now focusing on the fast growing IP sectors of the market.
Acquisitions have increased the breadth of coverage and its in-house expertise means that it can attract more lucrative contracts and further acquisitions are likely. The market
consensus is that pre-tax profits for the year to 31/12/07 could emerge at around 6.3m and in 2008 at 7.8m. Consider as a buy.
(A T Communications is quoted on the higher risk Alternative Investment Market. We met with the management on 26/06/07).

A good write up from Colin who attended the EGM :

http://boards.fool.co.uk/Message.asp?mid=10653137


.

Nice to see it waking up again.

L2 now 2 v 2 @ 45/46

In The Times today :

"Rumour of the day

AT Communications, steady at 44p, which has contracts to manage telecoms for DSG International, Thistle Hotels and Somerfield, is due to report its interim results tomorrow and the word is that they will be better than hoped. Daniel Stewart, the broker, has a 70p short-term price target. A potential bidder could pay 100p."

Hi PapalPower, many thanks for the link in 69 above - makes interesting reading. I've been keeping my eye on ATCG for a while and have bought recently.

Have you looked at Infonic (IFNC)? Price going up nicely in recent days - Interims due 28 Sept. H1 revenues expected to be 100% higher than same period last year and the Company expects to report positive EBITDA for the period. Current price: 6.75-7.25. (Guess this should really be a new thread for IFNC, but I'm still new to this game!).

Not as yet Toya.


http://www.investegate.co.uk/Article.aspx?id=200709240701513221E

AT Communications Group Plc
24 September 2007

AT Communications Group PLC ('ATC' or 'the Group')

ATC is an award winning supplier of comprehensive Information and Communication
Technology ('ICT') solutions to UK businesses servicing over 30,000 customers
nationwide

www.atcommunications.co.uk

New Client Contract Wins With HMV And Relate

The Board of ATC is pleased to announce that the Group, via its ATC solutions
division, has won a new client contract with HMV Group, one of the UK's leading
music retailers and book sellers with outlets including Waterstones and
Ottakars. ATC will provide all voice (outbound calls, lines and inbound)
services across over 600 stores and head office sites in the UK and the
management of c3000 lines.

The initial 24 month contract will generate revenues of 1.8m over the period
and follows on HMV's strategy of rationalising service providers in favour of
those who provide value for money and ensure cost efficiencies.

In addition, ATC Solutions has won another new client contract with Relate, the
UK's largest provider of relationship counselling, to provide it with a fully
managed voice (IP Telephony) and data (MPLS WAN) service with desktop management
across all 80 sites, including a recently opened interactive contact centre in
Doncaster.

The initial 36 month contract will generate revenues of over 1m during this
period and it is anticipated that additional services will be provided, such as
voice minutes and line rental.


Alex Tupman, ATC's CEO, commented:

'I am delighted that ATC has secured two new significant client wins. The HMV
Group contract demonstrates the strength of our best of breed telecom solutions
and services and highlights our capability to provide UK businesses with a
nationwide service.

Similarly, our ICT solutions enable Relate to facilitate its changing business
model as it moves to provide a single point of contact to clients - from initial
contact and consultation through to the appropriate Relate service. Our
solutions will enable this business to be more efficient and cost effective as
it moves towards being an accredited provider of services to Government
agencies.

Both of these new client wins again are testimony to the strength of our telecom
solutions and I look forward to updating shareholders with further progress in
due course'.


For more information:

AT Communications Group plc 08700 55 80 80
Alex Tupman, Chief Executive
www.atcommunications.co.uk

Cenkos Securities plc
Stephen Keys 020 7397 8924

Biddicks
Shane Dolan 020 7448 1000
www.biddicks.co.uk


About AT Communications Group plc

ATC is one of the UK's largest independent business communications groups and is
listed on the London Stock Exchange (AIM). The Group offers a comprehensive
portfolio of voice, data, mobile and video solutions, specialising in IP
technology, alongside managed services, ecommerce, design consultancy,
installation and maintenance. ATC operates under three divisions to ensure total
market coverage. Each division operates independently but shares resources to
ensure best practice at divisional level without duplication of effort. For
further information see www.atcommunications.co.uk

ATC Solutions:
A leading business systems integrator, ATC Solutions is accredited at the
highest level with leading ICT manufacturers and continues to craft
best-of-breed solutions, supported by in-house services capabilities to SME and
corporate customers directly. ATC Solutions' base of customers now numbers over
10,000 and includes the majority of the Times 500 companies. www.atc.co.uk

Rocom:
Rocom has over twenty years of experience in the communications market and
focuses on resellers and dealers as well as retail channels for online services.
It is the only UK distributor with the ability to distribute IP-based Customer
Premises Equipment, Hosted IP Communications, and in-house Network Services to
assist channels and their customers in managing the transition to IP-based
solutions. www.rocom.co.uk

Servassure:
A fully independent third party service provider to channel partners in the UK
ICT market - including ATC Solutions and Rocom, Servassure was formed in January
2007 to provide traditional and IP-based carrier and engineering services with
a 100% channel focus. Servassure targets and supplies large channels including
network operators such as BT and Colt and systems integrators such as Siemens
who require a more customised level of service and support than a traditional,
smaller channel. www.servassure.co.uk

193K X trade at mid price, lets hope that is the recent seller being cleared out.

Results tomorrow (Thursday).

Summary of director share dealing in 2007 equates to a run of all buys, totalling over 1 million sterling, with the most bullish sign for me being that of a newly appointed Finance Director purchasing nearly one million pounds worth of stock after joining.

13 Jul 2007 Ian Crawley Finance Director Buy 851,064 @ 47p = 400,008

14 Jun 2007 Ian Crawley Finance Director Buy 1,511,429 @ 38p = 574,343.02

02 Apr 2007 Richard Carter Executive Director Buy 64,103 # 39p = 25,000.17

02 Apr 2007 Scott Charles Kean Operations Dir. Buy 25,642 @ 39p = 10,000.38

02 Apr 2007 Timothy Tupman Managing Dir. Buy 26,026 @ 39p = 10,150.14

02 Apr 2007 Gerard Spencer NE Chairman Buy 25,642 @ 39p = 10,000.38

http://www.investegate.co.uk/Article.aspx?id=200709270703125860E

27 September 2007

AT Communications Group plc

AT Communications Group plc ('ATC', AIM:ATCG), one of the UK's leading business communications groups, today publishes its interim results for the six months ended 30 June 2007.

Highlights:

Group revenue increased by 168% to 42.7m (2006 H1: 15.9m).
- The full impact of the acquisitions made during 2006 was included for the first time.
- Proforma organic revenue growth excluding the acquisitions was 11%.
- Over 60% of this revenue is either based on long term contracts or recurring...........


Current trading and outlook

As highlighted, during the first half of 2007 we have invested heavily in reorganising and restructuring the business into three focused divisions. We have also recruited a number of additional staff, particularly in sales and operations, building excellent foundations for future growth. Significant successes have already been achieved and our strategy to cross-sell our product and service offering is achieving real traction from clients that increasingly recognise the speed and efficiencies that our complete one stop shop of 'best of breed' solutions can offer.

We expect a good second half based on a strong sales pipeline, which will also underpin the Company's growth into 2008 and beyond.

What's going on? I thought this was a good set of results but the price is diving!

A little surprise is the rise in net debt.


DS comment this morning :

AT Communications - BUY

Price: 49p Target price: 70p Code: ATCG.L Analyst: Mike Jeremy | 020 7776 6570

1H 07 PBT 2.3m (adj) but net debt 19.8m

AT Communications reported 1H07 revenues at 42.7m (+11% underlying growth), adjusted operating profit of 3.0m (unadjusted 1.842m compared to 1.954m in 1H06), adjusted PBT of 2.3m (unadjusted 1.097m vs 1.778m) and interim EPS of 2.1p (1H06 2.5p) inclusive of dilution resultng from the issue of new equity totalling 6.7m.

The (negative) surprise is net debt, which increased from 18.51m at y/e 06 to 19.8m, a factor ATC attributes to additional working capital requirements.

We expected interim net debt to be closer to 10m following the sale of Rocom's Wetherby offices for 3.5m and two equity issues which together raised some 10.2m towards debt reduction.

At divisional level, ATC Solutions recorded revenue of 16.4m (our estimate was 16.1m), Servassure 6.5m (DSC E 8.3m) and newly-acquired Rocom 19.8m (DSC E 21.7m), clearly indicating a loss of momentum at the profitable Servassure level.

In sum, the focus must be net debt and AT Communication's strategy for future control / reduction. Net debt now stands at 2.5x FY07 EBITDA (E).