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

since posting this chart in mid march, sp has nicely breached what could have been a very difficult resistance at 55, that same point now forming a support ...... rsi is a bit toppy, but if a steady climb, sp may not get vertigo.

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You'll find some new April 07 information to read in the archive folder :

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



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AGM is 10th of May for those interested.

Details, if required, can be gained from :

Yael Margoninsky,
Director of Marketing & Investors Relations

Tel: +972 9 7690011
Fax: +972 9 7690125
yaelm@leadcom-is.com

http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=91656&MenuKey=News.Home&NewsPage=4

* Panmure Gordon has a buy and 580p target for BAE Systems. initiates coverage of Leadcom with a buy and 89p target, has a hold and 260p target for nCipher, upgrades CSR to buy from hold raising target to 900p from 750p, has a buy and 13.50 target for Carpetright, a hold and 10 target for Alliance Boots, has downgraded Rentokil Initial to hold from buy with a 180p target, has a buy and 32 target for Carnival, a sell and 400p target for BSkyB and a hold and 13.20 target for Unilever

THis stock is overdue some coverage, looking forward to hearing updates at AGM

For those interested, the Panmure 1st May 07 Initiation Note is now available in the web folder below :


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


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PP, Many thanks for the Report, much appreciated. Comforting Reading .. at last some recognition. Patience will out.

Some potential African contract news perhaps ? Leadcom did the full turnkey project in Ethiopa for Nokia in 2005, its highlighted as one of the project examples on the Leadcom web site ( http://www.leadcom-is.com/integratedSolutions//1/7/662.aspx ).

They are also working closely with ZTC, and given they put the last system in when Nokia won the Ethiopia ETC contract work, perhaps this time that ZTE have won it, the modile expansion side will be subcontracted to Leadcom Ethiopia to carry out, as they installed it in the first place.


http://english1.peopledaily.com.cn/200704/29/eng20070429_370752.html

UPDATED: 07:30, April 29, 2007
Ethiopia, China sign 158 million U.S. dollar telecom expansion agreement

The state-owned Ethiopian Telecommunication Corporation (ETC) and ZTE, a Chinese telecom company, on Saturday signed a 1.39 billion birr (158 million U.S. dollars) agreement on three telecom service expansion projects.

The agreement includes the first phase of fiber transmission backbone, expansion of mobile phone service for the Ethiopian millennium as well as expansion of wireless telephone service.

According to the agreement, some 1.2 million mobile telephone lines will be provided to subscribers in Ethiopia's capital Addis Ababa and eight other towns in connection with the upcoming Ethiopian millennium celebration.
Moreover, the first phase of the wireless telephone expansion project with the capacity of 652,000 telephone lines will be also executed.
Upon completion, the projects will enable the corporation to provide standardized and quality telecom service to its customers.
The projects will increase the number of fixed and mobile telephone service subscribers to over 14 million.
ETC has designed and put in place a five-year strategic plan with a view to improving quality and coverage of telecom service across the country.

Source: Xinhua

Bharti Airtel setting aside 3.5 billion dollars cap ex..


http://www.hindu.com/2007/04/28/stories/2007042801271800.htm


NEW DELHI: Total revenues of Bharti Airtel grew by 59 per cent to Rs. 18,520 crore and the net profit by 89 per cent to Rs. 4,257 crore for the year ended March 31, 2007, company Chairman and Managing Director Sunil Mittal said here on Friday.

Revenues for the quarter ended March 31, 2007, improved by 58 per cent to Rs. 5,393 crore and the gross profit by 75 per cent to Rs. 2,241 crore. The net profits for the quarter was Rs. 1,353 crore, a growth of 98 per cent over last year. Bharti now has nearly four crore customers, representing an 86 per cent rise in the customer base as compared to last fiscal. "We have stepped up capital expenditure for this fiscal to about $3.5 billion for India and Sri Lanka, out of which 75 per cent will go towards mobile network expansion and DTH services,'' Mr. Mittal said. The company, which had invested Rs. 32,000 crore on networks, would set up 30,000 more base stations to carry mobile signals mostly in rural and new areas.

In line with emerging international practice, Bharti has adopted a rotation policy for statutory and internal auditors for a maximum tenure of five years and rotation of audit partner every three years. Accordingly, the board has recommended the appointment of S R Batliboi and Associates as statutory auditors and Ernst and Young as auditors for US GAAP for the current fiscal. The board has also proposed to appoint PriceWaterhouse, chartered accountants, as internal auditors after conclusion of its tenure as statutory auditors of the company.

Second week of May to Nokia/Ericsson, then allowing time to sub contract the various parts, so news for Leadcom end of May or early June perhaps ? if not earlier.



http://economictimes.indiatimes.com/Nokia__Ericsson_bag_BSNL_order/articleshow/1990393.cms

Nokia, Ericsson bag BSNL order

PTI[ WEDNESDAY, MAY 02, 2007 03:40:50 PM]

New Delhi: State-run BSNL is likely to place a Rs 20,000 crore mobile telephony order with the two winners of the contract -- Ericsson and Nokia -- by second week of May to increase the capacity of its network.
"By the end of second week of May we will be issuing purchase order to these companies. Since this is a huge order, a lot of details need to be worked out and we are currently doing that," BSNL CMD A K Sinha told PTI.
"Once PO is issued and the companies accept the order, they have to produce the bank guarantee and then we issue the Advanced Purchase Order for the first phase of the 45.5 million lines," he added.
When issued, this would be the world's largest ever single tender for 45.5 million lines of GSM telephones.
By December, the first phase of BSNL's GSM expansion is expected to be in place. The first phase is for 17.5 million lines while the second and the third phases are for 14 million lines each.
With this, the pressure on BSNL's mobile service will ease off and quality of service will improve.
In March, the PSU topped the charts in subscriber addition with 1.98 million GSM subscribers, increasing its total user base to 2.74 crore.
The order got delayed by six months since as one of the disqualified bidders -- Motorola went to court challenging the tendering process. The process could start only after Motorola withdrew the case.
Telecom Minister Dayanidhi Maran has announced a 500 million telephone target by 2010 and also on an average 3 million GSM additions per month from 2008-2010.

Post from AFN from an AGM attendee........ (it was today) :



p4cman - 10 May'07 - 12:57 - 4832 of 4834

I attended the AGM earlier today (my first ever AGM!) so here are my findings,

- All resolutions were passed, but significantly resolution 3 incorporated into the company its ability to notify the market of shareholdings above 3% and for every 1% above that. As an Israeli company it was not previously bound to this and it was implied that some instituitions were not always forthcoming in their admissions to Leadcom. This will of course greatly improve shareholding transparancy.

- It was suggested that Israeli fund shareholding is now upto 30% and that this may have been respnsible for some of the recent buying activity. No clues as to whom may be selling.

- They said that upto 90% of 2007 forecasted revenue has been bagged. BSNL/Reliance etc are in continuing talks with Leadcom and it was implied that large/significant contracts will be announced to the market when able. They feel able to maintain operating margins at 12% and feel that new compeition isn't worrysome as they feel barriers to entry remain high. Also confirmed that they will be able to pick & choose work offered and have already refused work that wasn't suitable in their opinion.

- The European headquartered company which they are doing due diligence on will allow it go gain a further foothold in Africa.

- Recuring revenue is currently approx 20%.

- Ongoing consideration of a TASE listing.

Arik was articulate and struck me as very competent. Overall my attendance reinforced my optimism re Leadcom, which imo has a bright future.

Colins write up of the AGM over at TMF is now posted :


http://boards.fool.co.uk/Message.asp?mid=10531377



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Bit of a move this morning, seller not around, are they clear ? or holding off ?

63p is a key level for me, as it was the price of the last equity raising in May 2006, if the bid clears 63p then it could be a bullish sign imv.

A summary of where we are now would be, IMV :

Seller is around at 61p to 63p levels, therefore until they are clear the price may oscilate around this level. You can either view this as resistance, or a chance to build up at these levels until the seller is clear. The same "build up" level was offered last few weeks at the 56p to 59p levels.

Upcoming news for LEAD, interims due in August, EPS enhancing acquisition news late June/early July, big Indian contracts at anytime in the coming weeks or months.

Panmure Gordon target price of 89p, this is without the acquisiton or large Indian contracts, so should that news come there is a good chance for upgrades.

90% of the 2007 target 180m US$ of revenue is in the bag already (at the mid Q2 stage) and therefore there will be a very good chance of exceeding those forecasts without any Indian contracts. Margins are said to be retained at previous levels on that 90% bagged work.

All in all going to be a very interesting period for Leadcom now.

been quite a long time waiting, but at long last showing at least a respectable profit ..... thanks for kicking me into this one M8!

I hope this seller gets his arse kicked when this share gets rerated and they have lost a bundle.

you sound like that wally Tman on EEL thread!

How did you guess?

that Tman is a wally or that you sound afflicted with the same disease? ..... confess i would far rather be short of EEL than LEAD, and now i am back in the country, may have a further look at shorting SOLA again