The results for this company are out in July for 2004. The consensus forecasts are:

an increase in turnover from 21.76 million(2003) to 26.1 million (2004),
and profit before tax from just over 1 million(2003) to 1.9 million (2004)

The figures are from Hoodless Brennan, analysis sheet available on their website.
www.hoodlessbrennan.com (click on research and prices).

I am hoping the share price has bottomed out as I bought a small holding yesterday at 8.5p

Looks like the contract is getting some good press coverage in both the Express and Independant today.

The telecommunications market has been through a period of unprecedented change and development. Telecoms is a key enabling technology for many businesses, which are constantly faced with new choices and decisions as to how to gain competitive advantage from investments in communications solutions.

Spiritel plc is the holding Company for a growing group of companies whose principal focus is the provision of both traditional and next generation telecommunications' services and products. Spiritels client base includes corporate, wholesale and retail customers served directly through our value added reseller division Spiritel Retail and through Spiritel Wholesales carrier and reseller customers.

Spiritel aims to deliver shareholder value by delivering organic growth through the strengthening of customer relationships and via the acquisition of companies with complementary product and skill sets.

Excellent news!!!

RNS Number:7654H
Spiritel PLC
15 November 2007

Embargoed until 0700h, 15 November 2007


SPIRITEL PLC
("Spiritel" or "the Company")


SPIRITEL SIGNS THE UK'S LARGEST BUSINESS VoIP AND WiFi CONTRACT
WITH REGENT INNS PLC


Spiritel plc, (AIM:STP) the telecommunications services company, is pleased to
announce that it has signed a five year contract for up to #1.25 million with
one of the UK's leading hospitality companies, Regent Inns plc (or "Regent").
Spiritel will provide Regent, owner of the Walkabout, Old Orleans, Jongleurs and
Bar Risa outlets, with VPN management, hosted VoIP and customer WiFi to their
100 sites across the UK, their head office in Borehamwood and to a number of
their field-based staff. This contract follows the successful completion of a
trial earlier this year.

For Regent's staff, the solution provides complete geographic freedom for their
communications needs and the ability to work with the same degree of efficiency
and functionality from home or any Regent site. At Regent's 100 bars and
restaurants, customers will be able to enjoy a free WiFi experience whilst staff
will benefit from a network infrastructure that simultaneously manages voice,
data, entertainment and security services. The technology deployed as part of
the solution also provides Regent with the opportunity to offer a wide range of
additional services to their customers in future.

Spiritel worked alongside Mitel (with whom they hold the highest level of
accreditation as a premier partner) to ensure record breaking deployment of the
service using Mitel's 3600 hosted VoIP platform. Spiritel's recently
restructured Technologies division managed the development of the solution for
Regent Inns, hosting the 3600 platform and managing the networking services
provided to the customer. The Business division is managing the nationwide roll-
out of the service where all voice and data services will be invoiced on a
single monthly bill.

Commenting on the announcement, Alastair Mills, Chief Executive of Spiritel
said: "We are delighted to have signed this contract to provide Regent Inns with
a fully converged voice and data solution for their offices and outlets. It is
particularly significant in that it is the UK's largest multi-site hosted VoIP
deal and Spiritel's largest contract win to date. The solution is representative
of an accelerating migration towards converged IP based communications and
having been won in competition with two of the UK's largest telecoms providers,
demonstrates our ability to generate significant new revenues in this fast
growing market."

Adam South of Regent Inns added: "The solution provided by Spiritel enables us
to offer our customers free wireless internet access from all our bars and
restaurants, whilst also delivering efficiencies on infrastructure spend and
management. Spiritel's proposition was tailored to our needs and provides the
right operation and commercial model to deliver the service we wanted for our
bars, restaurants and staff. The solution also provides the opportunity for us
to offer customers additional services quickly and cost effectively in the
future."

Enda Kenneally, UK Sales Director of Mitel, who worked closely with Spiritel on
the project commented: "This contract is a testament to Spiritel's ability to
capitalise on the fast growing demand for converged communication services. The
Company's experience in the hospitality industry, linked to its knowledge of our
market-leading 3600 VoIP technology puts it in a strong position to benefit from
a rapidly evolving communications market. We look forward to further developing
our relationship with Spiritel as we support the Company in its delivery of
innovative IP-based solutions for its customers."


-ends-


For further information please visit www.spiritelplc.com or contact:

Spiritel plc Tavistock Communications Landsbanki Securities (UK)
Limited
Alastair Mills Simon Hudson Sindre Ottesen
Chief Executive Clemmie Carr Sebastian Jones
Tel : +44 20 7160 0100 Tel: +44 20 7920 3150 Tel: +44 20 7426 9000


Definitions


"WiFi" or "Wireless Fidelity": A wireless technology brand owned by the WiFi
Alliance intended to improve the inter-operability of wireless local area
network products based on a certain standard. Common applications for WiFi
include Internet and VoIP phone access, gaming and network connectivity for
consumer electronics such as televisions, DVD players and digital cameras.

"VPN" or "Virtual Private Network": A communications network tunneled through
another network and dedicated for a specific network. One common application is
secure communications through the public Internet.

"VoIP" or "Voice over IP (Internet Protocol)": A technology used to transmit
voice conversations over a data network. This is done by digitising voice into
discrete packets that are transferred independently over a data network, instead
of using traditional circuit-switched telephony networks.


Notes to Editors

Spiritel is a telecommunications group which seeks to take advantage of the
opportunities created by rapidly changing telecoms markets in the UK as the
migration to Internet Protocol (IP) based delivery accelerates. The Group is a
consolidator of the highly fragmented UK telecoms reseller market and aims to
build a substantial customer base and scale through selective acquisitions. We
are organised into two divisions, Spiritel Technologies - focused on our
infrastructure and IP products and services - and Spiritel Business, which
provides our customer services.

Today, the Group offers a broad range of telecommunications services and
products to a customer base of small and medium sized enterprises and an
increasing number of larger national organisations. We are a leader in the
provision of new, but proven, Voice over IP (VoIP) solutions that are firmly
based on the old-fashioned service values, which run throughout the Group.

someting stirring.. results due soon, now breaking even/cashflow positive. looks a good one..(imo)sp rising this morning...

Have bought in today...onwards and upwards ?

This was trading closer to 2p 6 months ago. Since all good news but a seller which seems to be nearly finished.

Up 30% so far today, as Rusults out tomorrow, news has leaked

Shame it's given some of it's gain but it's looking good overall. be interesting to see what happens tomorrow.. not expecting too much.

Director dealings - SpiriTel in upbeat voice

Perry Gourley

SHARES in communications business SpiriTel have languished at under a penny each since it reported widening losses in January.

At less than 3m it now has one of the smallest market values on AIM, but recent evidence suggests it could be making steps on the road to recovery.

The company, which supplies voice and data products and services to businesses and has around 2,000 customers in the UK and Ireland, recently spent 2m on its fifth acquisition within 18 months as it continues to build market share.

A market update in February said the company was currently trading ahead of management expectations and was in a strong position to restore profitability.

Last week a string of directors increased their holdings in the company as a sign of their confidence in the turnaround.

Chief executive Alastair Mills bought 1.25 million shares, finance director Ronnie Smith bought 625,000 and divisional managing directors David Anahory and Jonathan Shanmuganathan bought almost 1.3 million shares between them, all at around 0.8p.

http://business.scotsman.com/personal-finance/Director-dealings--SpiriTel-in.3976473.jp

thanks someuwin..nice summary and worth holding on for what should be at least a double bagger over the next 6/12 months (imho)

Young gun fires SpiriTel into front rank position

30 May, 2008 - 09:51

When 32-year old Alastair Mills moved into the hot seat at failing service provider SpiriTel in 2005, his aim was to achieve much more than being one of the youngest CEOs in the comms industry.

Mills' considerable challenge was to bring the company back from the financial brink. Three years later, Mills has more than succeeded in his quest thanks to an acquisition-led growth strategy, turning SpiriTel into an integrated B2B service provider with 2,000 customers that will scale the 21 million barrier within the next 12 months.

"I had joined from Telewest the previous year to run the company's main wholesale subsidiary (Expo Communications)," he said. "But the business was struggling and by 2005 it was technically insolvent with just six customers and one wholesale product. "I wanted us to own our business customers, which is quite a challenge when you have a legacy of poor financial performance. But during the course of the last three years, we've raised 8-9 million and completed five acquisitions.

"It's been a process of two elements - consolidation and cross-selling. We now have a full range of systems, on-site and hosted, to offer. We have a mobile offering, and we recently won the largest VoIP deal in the UK on the strength of our relationship with Mitel. We're a full business ISP and we have our own next-generation network and core IP backbone. Last year we grew from 13-16 million and next year we'll be a 21 million business. Our share price is up 75 per cent. We're well-positioned in terms of financial performance and the scale of capital we can raise, and you will see us making further acquisitions."

Mills is bullish about current market conditions. "At the moment, we're not feeling the pain," he said. "Where others have struggled, our new bank has just lent us 2 million. In such tough times, that reflects what we've achieved. When a phone system breaks, you can't not fix it just because the interest rate has gone up. You can't stop making calls just because the bank won't lend to you. Your sales guys still need to make their mobile calls."

SpiriTel, according to Mills, is well positioned to surf market trends that are simply emphasised by tough trading conditions - the shift in accounting for comms spend from CAPEX to OPEX, and rising demand for hosted services. "We're a fully integrated, one-stop shop with a diverse and future-proof product set," he said. "That's what you need when the pace of change is so frightening. I was looking at a Blackberry with Satnav the other day - increasingly, you've got one device that does so many things."

Another subtle shift in SpiriTel's strategy took place in January when, with the scale of its network and product set in place, it focused with renewed vigour on developing routes to market and started to court resellers and dealers with its hosted VoIP service. Mills had already noted the approach of some resellers on the strength of SpiriTel's credibility with the Mitel platform. "To get a hosted VoIP product in place is a complex business and we've made a lot of mistakes along the way," he said.

"You have to back the right horse and we're backing Mitel. Customers' voice services are too business-critical for them to take a risk on new start-ups. The underlying platform provider is crucial. The guy in the street knows the likes of Mitel and Nortel. And now we can present real users to the channel. Resellers can expect to hear a lot from me in the months ahead."

Mills' eye is set firmly on the relatively low churn of the systems reseller sector. One-trick ponies - call and line dealers - are, he said, particularly vulnerable at the moment. "It's a clichbut customers are looking for an integrated SP," he said. "They used to have five suppliers but now they want it all under one roof. It's a really tough time for dealers who are being squeezed out on deals, because it inevitably increases churn and that devalues the company. I'm not saying these guys don't have value. There are some loyal customers out there and many of these companies are sitting on real value and there still an opportunity for principals to make a lot of money. And if we can cross-sell into them we'll really be able to extend our reach on the hosted side."

Mills said he's excited by consolidation in the market. Acquisitions will continue to redefine the landscape, he suggested, and he expects SpiriTel to play a full role in the game. "We see it as an opportunity. I was just speaking to a broker doing research on an IT company who'd identified 40 potential acquisitions! There are 1,000 resellers out their in the sub-5 million turnover bracket. In the next five years, they could all be up for sale. Show me another sector like that in the UK comms channel."

Mills said that in the long term, the market could be dominated by 10 giant resellers-cum-integrated SPs. "The interesting thing is, who will end up buying the large guys? Who is going to buy the Tiscali base? If Vodafone does, a mobile operator will get into fixed line and broadband on an unprecedented scale. All bets are off."

http://comms-dealer.eu/company-profile/young-gun-fires-spiritel-front-rank-position

I've been playing with the numbers

The last Daniel Stewart research note on STP (10-Mar-08 rating BUY target 2.01p) was issued before the recent earnings enhancing acquisition of mobile reseller NW1.

The Broker Note predicted full year earnings for April 2010 of 19.61 million and Earnings Per Share of 0.26p.

However, in a recent interview (30 May, 2008) Alastair Mills (CEO) stated:

"Last year we grew from 13-16 million and next year we'll be a 21 million business."

So, extrapolating from the BN figures, sales of 21m next year would produce EPS of 0.31p.

With the current SP of 1.26p that puts Spiritel on a lowly forward P/E ratio of 4!

A PER of 10 would give an SP of 3.1p
A PER of 20 (not taxing for a high growth telecoms co) would give an SP of 6.2p.

So, SP far too low at the moment based on current/projected earnings. But we know that STP is in acquisitive mode - from the same interview:

"We're well-positioned in terms of financial performance and the scale of capital we can raise, and you will see us making further acquisitions."

So - more acquisitions - more earnings. Expect to see the SP go significantly higher from here.

Cool ! onwards and upwards!