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

boring to others i may (or may not) be, but so long as it keeps me entertained, that's fine by me ..... as it happens i hold a slab of these albeit that they are at least currently very boring

Currently yes, but not for much longer I feel.

Strange that Altium had a target price of around 95p in the recent past, yet now they have been replaced by Panmure it appears that LEAD may not be the investment Altium thought it was, is it a case of toys and prams on Altium's part or are LEAD not really worth a target price of 95p after all.
2517

i am useless at most things, but especially evaluating what a company and its sp may be worth .... however, the chart below shows solid support at 50p and a ridiculously low rsi

on the other hand, the 6 months chart below shows 25 and 50 and 200 dma all converging very nastily on falling angles at about 55.5p ..... this is very likely to prove a most stubborn resistance unless there is some stunning news that will propel sp straight through (and hold it), in which case, this same level will provide strong support.

2517, if you go to the Archive link above you will see that Unterburg retain a 95p target price in their latest report.

Altium reduced theirs to 75p some time ago and retain a 75p target price.

I think you'll find the Altium report makes some very wrong assumptions, and why they are gone.

I would fully expect Panmure to commence coverage sometime soon with a buy rating to their clients and around a 95p target price.

PP Thanks for that.
2517

I would say its looking ever more likely a TASE dual listing will come in H2 2007, and perhaps also a move up to a full London listing and off of AIM. I think a TASE dual listing will certainly increase demand for stock. The bond issue was "heavily oversubscribed" lets not forget :

http://www.haaretz.com/hasen/spages/813638.html

Unterberg Towbin issues Buy for Leadcom

15.1.07 | 11:42 By TheMarker

CE Unterberg Towbin today issued a Buy rating for Leadcom Integrated Solutions, an Israeli company listed on London's AIM market, based basically on the company's strong business.
Analysts Rich Church and Gina Chen note that their impetus is the company's win of a contract in India, to build telecom sites, and also follow-on orders in Africa.
The first phase of the Indian contract is worth $5 million but it could end in $20 million revenues, mostly in 2007. Also, in December 2006, the company announced a unrelated $10 million contract in India, for execution this year.
In short, Unterberg sees joy for Leadcom in India.
Also, the African follow-on contracts total $14,5 million, all bookable this year.
The market has been noticing Leadcom's charms. The investment bank notes that it tapped Israeli institutional investors for NIS 125 million through a heavily oversubscribed offering of bonds, which won an A3 rating by Midroog. The offering brings Leadcom new resources to fuel its rapid growth, explain the analysts.
Risks for Leadcom include "customer concentration, competition, partnerships, currency risk for AIM-listed stocks and," as always, the possibility that its customers will scale back capex.

A tad stronger again today.

On Line Limits are :


BUY 15K @ 54.98p

SELL 50K @ 53.5p

Just broken through the 25 MDA, looks promising, was begining to get impatient.

so it has, but tough resistance only a couple of coppers away

The 25,50 and 200 MA chart is very similar to that of CHP. As regards to LEAD it does appear a big stumbling block around 55/55.5 as you point out cynic, as I write the sp is at that point. Here's hoping.
2517

Trading update in under 3 weeks time, and what should be Panmure starting to do their work.

17.5K X trade might signal the end of the seller there, so perhaps we can drive on up.

15 times current year forecasts would have the SP up at 75p levels, and given 4 years of 40% growth, is just 15 times current year too rich.... ??????

Stronger still :

On line limits


BUY 10K @ 56.75

SELL 50K @ 55.46p

provided sp holds steady for the next few weeks, then just maybe the trading update will be sufficiently bullish to create a breakout .... if there is then some momentum behind it, a whole new scenario could develop

Well LEAD has failed again to hold/push through resistance, looks like more contract wins and a positive stance from Panmure are required here, along with another bag full of patience, which it appears is a requirement for many AIM stocks.
2517

Double bag of patience........then it can be a double bagger :) LOL

I sold my holding last week. I couldnt stand the one step forward two back routine any longer!

Best of luck guys and have a good weekend.

Ian

Good luck Ian.

I know its a pain, but this is what happens when you change Nomads........you have to clear the old one and their clients (eg Altium here) before the new one comes in with their clients (eg Panmure here).

I am hoping that this seesaw should complete in the coming couple of weeks.

Thanks pp,

I'll still be keeping a close eye on this one. Guaranteed they will shortly announce a mammoth Indian contract now that I'm out! lol