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 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).

Ah right - thanks for that PP.

Have ATCG on watchlist, the interims look OK and like Toya was surprised at 5p fall this morning. The ony reason I haven't invested yet was a nagging worry about debt levels, I was waiting for debt to decrease. Debt at 19.8m with interest payment of 0.700m is still high, and I would hope that going forward, they will address his issue.

Still keen to invest at some time in future, I believe when debt levels are seen to be reducing the sp could really star to move up. imo

If you take out one off's, the underlying EPS is 3.4p..........not sure why they did not highlight this...........anyway, yes debt is a concern, but the company is growing and should do 6p EPS this year.

Cheap really.

Good to see it come off the low, not good about the debt, this should be a priority to reduce it, however hopefully most of the investment costs have been shown and they can now start to produce further growth in business and earnings, which should start to reduce the liabilities. As you say Papal this stock is still cheap.

Future is bright.

Don't forget this is Interims to 30th June 2007.

The placing was in July 2007, and so, the money raised then to reduce debt and also to increase working cap is not recorded here, it will only come into play on the prelim figures.

27 September 2007

AT Communications Group plc
("AT Communications" or the "Company")

Director Shareholding

The Company has today been informed that Alex Tupman, Chief Executive of AT
Communications, today acquired 330,000 ordinary shares in the Company,
representing 0.43 per cent of the Company's issued share capital at a price of
45p per share. Following the acquisition, Mr Tupman has a beneficial interest in
12,071,018 ordinary shares, representing 15.6 per cent of the company's issued
share capital

Well that's a good sign I guess.

He's probably been waiting eagerly to get the interims out of the way, and was blessed by a cheaper price. I'm sure he'll be smiling in due course.

Re Debt: Papal thanks for pointing the dates out, we can assume the balance sheet is in fact alot better. look forward to next set of interims.

Papalpower
re post 78 the comment from DS this morning, surprised they seem to have factored in the July placing which as you point out was out of the reporting period.

Here is the new broker update, from the new broker, Cenkos, thanks to a post at AFN :

"rivaldo - 28 Sep'07 - 15:11 - 692 of 692

I have the new Cenkos note. It's pretty definitive. They have a 70p target, and they forecast 7.7p EPS for this year on a 13% tax rate and 7.1p EPS next year on a 30% tax rate. They say:

"Undervalued on every measure

AT Communications (ATC) has reported encouraging interim results today with
significant progress made on a number of fronts during the period: Rocom and
Britannia, acquired in 2006, have now been fully integrated; the restructuring into 3 operating divisions has been completed and the group has recruited almost 60 new staff to help drive and support the growth anticipated in the short to medium term. It is clear that this restructuring is beginning to deliver results, with over 100 customer cross selling opportunities in the pipeline and a number of landmark deals announced recently.

We believe that ATC is on track for a strong second half to 2007 and that the run-rate will make our 2008 forecasts look very comfortable indeed.

ATC looks compellingly cheap on every measure and we believe that there is significant scope for a re-rating during the remainder of this year.

Results

ATC delivered a 25% increase in PBT to 2.3m (stripping out exceptionals and amortisation costs) on sales up 168% at 42.7m. This increase in PBT was achieved despite the significant number of staff added during the period and a 0.5m increase in the interest charge to 0.7m - to service the debt taken
on in August 2006 to finance the acquisition of Rocom. EPS decreased to 2.1p (2.5p) primarily due to exceptional costs and amortisation. Stripping out these costs and normalising the tax charge gives EPS of 2.6p. Debt increased to 19.8m (18.5m) during the period due to the increased working capital
requirements of the business, but a placing in August raising 4.8m (net) together with operating cashflow in H2 should see debt levels fall to c15m by the end of the year. Interest cover remained very comfortable at almost 4x.

Growth and Visibility

ATC has established a strong platform for growth in the first half of 2007. The group now has a compelling product offering and the ability to reach a very broad target market, ranging from the smallest to the largest companies in the UK. Organic sales growth of 11% in the first half was achieved
despite the upheaval of the reorganisation and at a time when 60 new recruits were being integrated and trained. We believe that the building blocks are in place to deliver growth in excess of this level in the medium term. Furthermore, the transition towards more managed service revenue and longer term contracts in general is likely to significantly improve the quality of the group s earnings in 2008 and beyond.

At present, c60% of group revenues are contracted and recurring - we expect this number to be nearer 70% by the end of 2008. We believe that on a PE of 7 to December 08 the market is significantly undervaluing ATC s earnings stream."

Nice little write up on ATCG.


http://www.sharecrazy.com/tipsheet/atcg.html


.