Been buying these since mid oct last year - soon after their profit warning. Management have been changed - new contracts gained and a complete reorganisation. I am not currently trading them but buying a few in the dips and accumulating. I have several good contacts and happy to continue buying.

seems to me we were in such a dip today and have therefore added a few


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Share price at start of thread 50.5 mid - current 86p - gain 70.3% (13/05)

Swimming against the tide this afternoon - up 3% on heavy volume -twice the daily average



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Nice new contract from O2 ...... surprise Surprise :-))

Not been able to add any in the last week or two as there have been no dips but still tracking


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RNS Number:2997I
Xansa PLC
05 March 2003


5 March 2003

Xansa wins #21 Million O2 UK Business Process Management Contract

Xansa, the IT and business services company, announces a #21 million Accounting
& Finance Business Process Management contract with O2, one of the leading
mobile service providers in Europe. Xansa will design, build, implement and
operate a new accounting and finance business process service across all O2
operations in the UK, including O2 Airwave and the UK operations of its parent
mmO2.

The five-year contract is designed to generate a step change improvement in
service levels for O2, including both the quality of outcomes from the business
process and the performance of the underlying systems. Xansa will implement the
Oracle 11i e-Business suite and will provide O2 with around 25% cost savings
over the five-year term.

The scope of the service includes accounts receivable, fixed assets, ledger
services, accounts payable, purchase and procurement, supply chain and inventory
management, project accounting, cash management, business expenses, payroll and
business reporting. Around 7000 people in the O2 workforce will have access to
the system. Transformation of the business processes will be achieved by Xansa
consultants working alongside current O2 finance and technology teams. They
will work on-site at O2 offices in Slough and Leeds and from Xansa's UK and
India delivery centres with service provided from Xansa's accounting and finance
shared service centres in Manchester, Birmingham and Bedford.

Commenting on the successful relationship, Matthew Key, the O2 UK Chief
Financial Officer, says: "This new service will play a major part in our plans
to transform O2's accounting and finance processes in the UK. We chose Xansa
because they will enable us to increase the quality and efficiency of the
business whilst reducing our operational costs by around 25%. We look forward to
working with them."

Karen Laidler, O2 Technology Services Director says: "This Xansa service is
another key step in the implementation of our technology strategy to replace
legacy applications with commercial off-the-shelf packages that support our
business strategy."

Allan Wood, Xansa Managing Director, Business Process Management, says: "We are
delighted to welcome O2 as a further, major Business Process Management client.
O2's goal is to strive for efficient, best practice finance and account process
operations. Xansa's strengths in process rationalisation and IT enablement will
be focused on achieving these goals. This will be the foundation of our
continuing partnership. More generally, we are witnessing strong interest in
business process outsourcing and our offer of guaranteed benefits coupled with a
track record of real delivery is proving compelling."


ENDS

Enquiries:

Steve Stratton Giles Sanderson, James Melville-Ross
Investor Relations Director, Xansa Financial Dynamics
Tel : + 44 (0) 8702 416181 Tel : + 44 (0) 20 7831 3113
Email : steve.stratton@xansa.com

Rosie Symons O2 UK Press Office
Public Relations Manager, Xansa Tel: +44 (0) 1753 565656
Tel: + 44 (0)1442 434088
Email: rosie.symons@xansa.com

About Xansa

Xansa (www.xansa.com) is an IT and business services company that delivers
technology and process solutions to improve its clients' business performance.
Through strong relationships, Xansa drives real and long-term cost reductions,
performance improvements and new ways of working for its clients. Xansa has four
international capabilities: Consulting, IT, Outsourcing and Business Process
Management. The company is established in the UK, North America, Continental
Europe and Asia Pacific with three technology and process centres across India.
Xansa is listed on the London Stock Exchange under the code XAN.L.

About O2

* The business operations of mmO2 plc are branded O2.

* O2 (UK) Ltd has nearly 11.95 million customers (end Dec 2002), of which 33%
are contract and the remainder pre-pay. The proportion of service revenues
generated by data usage in the last quarter is 17.4%. The number of SMS
messages handled by O2 UK over the year was 4.92 billion.

* O2 UK's GSM network, including GPRS capability, covers over 99% of the
population and approximately 90% of the UK by land area, and comprises over
9,000 base stations.

* O2 UK was the first mobile network in the world to have launched and
rolled-out commercial GPRS services. Work is underway to develop its future
3G network.

* The company has 200 O2 retail stores located across the UK, plus a 40%
shareholding in The Link Stores Limited.

* International roaming agreements with 327 networks allow our customers to
receive and make calls in 141 countries. Additionally, O2 customers are now
able to roam with GPRS in 24 countries.

* O2 UK became the first UK mobile operator to achieve registration to BSEN:
ISO 14001, the international environmental standard. The main theme of the
standard is continual environmental improvement and endorses our commitment
to the positive protection of the environment.

One of just a handful of top 350 shares that are actually + this morning after a gloomy start off the back of the US overnight falls

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AFX-Focus) 2003-03-05 08:06 GMT: Xansa wins 21 mln stg UK business process management contract with O2
LONDON (AFX) - Xansa PLC said it has won a 21 mln stg accounting and finance business process management contract with O2.
Xansa will design, build, implement and operate a new accounting and finance business process service across all O2 operations in the UK, including O2 Airwave and the UK operations of its parent mmO2.

The five-year contract is designed to generate a step change improvement in service levels for O2, including both the quality of outcomes from the business process and the performance of the underlying systems.

Xansa will implement the Oracle 11i e-Business suite and will provide O2 with around 25 pct cost savings over the five-year term.

rn

Edging towards their 6 month highs despite the crap market - plus 1.64% on above average volume for the day.

In early December the company talked about restructuring and planned downsizing ...... today this was finalised and between 420 and 430 work units have been made redundant. Management has been restructured and the company is a leaner meaner machine.

This is a long term play for me and will continue to add a few on a regular basis.


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Ticked up again and a 500K cross at the new mid price looks promising.

Market exppecting a possible raste cut this midday helps the FTSE and US Futures flat at this time


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Volumes picking up again and already twice the daily average with several bigger trades going through - includes a buy of 140K and another cross at a new higher mid price ..... shares now up 2.42% intraday and very close to the 6 month high


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Still ticking up @ plus 4% on the day with a million and a half traded ahead of US open and despite no rate cut


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Xansa wins multi-million pound BPM deal
By Kevin Reed [06-03-2003] Finasncial Director


IT and business services company Xansa has won a 21m, five-year contract to supply a new accounting and finance business process service to O2's UK operations.

Link:Xansa announces 430 to go

The IT project is a welcome boost to Xansa, having announced the loss of 430 jobs - around 7% of its global workforce - at the end of 2002.

The deal will see Xansa implement the Oracle 11i e-Business suite, which aims to give O2 costs savings of 25% over a five-year term.

The scope of service provided will range from accounts receivable through to supply chain and inventory management. Around 7,000 of O2's workforce will have access to the system, and the process will be achieved by Xansa consultants working alongside O2's finance and technology teams.

Commenting on the deal, Matthew Key, O2 UK's chief financial officer, said: 'This new service will play a major part in our plans to transform O2's accounting and finance processes in the UK. We chose Xansa because the will enable us to increase the quality and efficiency of the business whilst reducing our operational costs around 25%."

Xansa shares have climbed 4% to 64.5p since the start of trading today.

hmmmmmm ..... 500k f trade looks like an early morning buy plus a million f trade which might be a sell .... vols over 4 million now


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Citywire have a major update on xansa - but it is a subscription site - here are a few highlights


Published: 09:17 Fri 7 March 2003
By Joanne Wallen, Technology Correspondent


Citywire tip Xansa has attracted a couple of shrewd investors, whose stakes in the company, along with an important contract announced earlier this week, make it look even more promising for the future.


Xansa (XAN) is the IT services and outsourcing specialist tipped by Citywire in October, when the shares hit lows of 30p. As we reported, Warren Buffett-style investors Phoenix Asset Management surfaced with a share in Xansa at that time.

In November, the shrewd team at Aberforth Partners bought in to Xansa with a 572,000 share stake for the Aberforth UK Smaller Companies fund. The fund appears to have taken some profits in January but bought back in early in February and currently holds 786,000 shares.

The real significance of the OOM deal is not so much the value, but the fact that this is the second piece of business for Xansa's nascent business process outsourcing (BPO) business.

Xansa set up the BPO in October 2001 with a view to having BT as its first customer.

In June last year Xansa finally signed the BT deal, worth 250 million over seven years. Xansa is again running the whole of BT's accounting and financial services functions, including employing some 570 of BT's staff.

The mmO2 deal is only the second win for the BPO business, although the company had said it wanted to bed the BT business in first before going after any new business.

Alan Wood, managing director of the business process division told Citywire that Xansa could guarantee O2 a saving of at least 25% by taking over the running of these processes.

He said the company is talking to several other customers who are very interested in outsourcing some of their business processes.



The company does have some fundamental strengths that include a long-standing blue chip customer base, recurring revenues and strong cash generation it improved cash flow from operating activities by 100% in the first six months to October to 46.1 million, leaving a net cash position better than expected at 14.8 million.

Apart from the promises of the BPO business, Xansa is still in the running to win a significant part of a 1.5 billion contract to run the IT infrastructure for Consignia, owner of the Royal Mail.

In October it was announced that Consignia had chosen the Prism alliance, which includes Xansa and BT and is led by US computer services giant Computer Sciences Corporation, as its preferred bidder for the 1.5 billion contract to run its IT infrastructure. A spokesman told Citywire yesterday that 'talks are still ongoing.'Citywire Verdict:

At this price, shares are valued at 11 times next year's earnings. Provided the company maintains its dividend for the full year, the yield is a healthy 5%.


If you are thinking further than the next six months, this is a company to hold onto. New money should take any further drop in the price as a buying opportunity.

2003 Citywire

Not a good day ..... big volumes and fair amount of profit taking - down 6%


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Added a few in the dip yesterday .....



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a million cross @ 57p helps to push them up - now 57/60 plus 3.54%


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a half a million buy trade gets them moving in the right direction .... now 58/61. They are hoding up well despite the markets and can see some massive gains when the market starts to seriously recover



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Two directors retire and new non -exec comes on board



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currently 57/60p and marking time - despite the heavy market falls ..... I am looking to add a few in any dip from here


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LONDON (AFX) - Xansa PLC said Jo Connell, executive director, will retire from the board and leave the company on March 31 2003, having completed her management of the company's streamlining programme.
The company announces the appointment of Lord Wilson of Dinton GCB, formerly Sir Richard Wilson.

He was formerly Secretary of the Cabinet and Head of the Home Civil Service until September 2002.

pushing ahead of the market today - up over 3% @ 60/61p on higher than average volume

Up again today .... just ahead of me wanting to buy a few more .... that's life

Volumes are normal @ 476K - up 3.15% @ 64/67p

Up again @ 66/69p a new recent high - Sage comment has got the sector moving this morning - I am expecting a high volume day - currently heading the FTSE250 riser Board :-))




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