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

An acquisition, a reported 36% increase in sales in 6 months to 30th June, an increase in full year sales target to 225m from 180m usd due in part to the acquisition, and also momentum in other markets. Seems that the 180m target would have been exceeded without the acquisition. Looking good.
2517

Indeed looking very good, price target should now be increased to make it even more attractive, still a buy. Am holding on for 90p plus

Panmure Gordon has raised target price from 89p to 110p

Excellent news, good finish to the day held on to 4.5p rise, the sooner we pass Panmure's initial target the better, their 110p compares to Altrium's 105p some time ago, although Altrium did come down from that figure. I must say I am puzzled at target prices, today a broker issued a 'buy' on a company(name escapes me) with a target price just below the current price, so how come it's a buy?
2517

Nice news today on the acquisition and also a very positive trading update.

You can listen to a repeat of todays webcast at the link below (free to register to listen) :


http://viavid.net/dce.aspx?sid=00004140



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Leadcom Integrated Solutions Ltd


Holding in Company

June 28, 2007, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd.
('Leadcom' or 'the Company'), (AIM: LEAD), was notified on 28 June 2007 that
FIMI Opportunity Fund II LP holds 3,781,249 of Leadcom ordinary shares,
representing approximately 3.15 per cent of the Company's issued ordinary share
capital.

Enquiries:

Yael Margoninsky - Leadcom

Tel: +972 9 769 0011

Couple of news articles :



http://www.newratings.com/analyst_news/article_1560702.html


Leadcom Integrated Solutions "buy," target price raised

Thursday, June 28, 2007 4:42:52 AM ET
Panmure Gordon & Co

LONDON, June 28 (newratings.com) - Analysts at Panmure Gordon maintain their "buy" rating on Leadcom Integrated Solutions (ticker: LEAD), while raising their estimates for the company. The target price has been raised from 89p to 110p.

In a research note published this morning, the analysts mention that the acquisition of Ytelcom is likely to be a good strategic fit for the companys existing African operations. Leadcom Integrated Solutions is likely to generate net cash of approximately $16 million by yearend FY07, once the full payment for the acquisition is made, the analysts say. The acquisition is expected to be EPS accretive by 26% in FY08, Panmure Gordon adds. The EPS estimate for FY08 has been raised from 15.1 to 19.1.

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http://www.lightreading.com/document.asp?doc_id=127916

Leadcom Acquires Ytelcom JUNE 28, 2007

HOD HASHARON, Israel -- Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company'), (AIM: LEAD - message board), a leading international provider of innovative telecommunication solutions, is pleased to announce it has entered into a definitive agreement for the acquisition of the entire share capital of Ytelcom SAS ('Ytelcom'). The consideration for the acquisition is expected to be US$17-18 million, of which nearly US$15 million will be paid at closing with a further US$2-3 million to be paid in March 2008, subject to Ytelcom's performance in 2007. The closing of the acquisition is also subject to regulatory approval in France.

Summary of Key Points:

Acquisition

Total expected consideration of between US$17-18 million, payable in cash
Ytelcom's revenues in the year to 31 December 2006 were EUR 44.2 million (US$55.5 million) Ytelcom provides strong strategic fit with Leadcom's existing international business
Acquisition provides wider geographical reach in Africa

Trading Update

Leadcom revenues up 36% to approximately US$83 million in the 6 months to 30 June 2007 Leadcom cash flow from operations improved and will exceed US$3 million in the 6 months to 30 June 2007
Leadcom raises 2007 revenue targets to exceed US$225 million, from the current US$180 million, as a result of the acquisition and momentum in other markets

Arik Alcalay, Leadcom's CEO, commented: "We are very excited with this acquisition and we are eager to initiate the integration process. Having known Ytelcom for nearly a year, we remain impressed with the group's performance, long-standing reputation and we highly appreciate its professional management and experienced workforce. Leadcom is constantly looking for the optimal use of its funds at hand, focusing on our shareholders' return on investment and the healthy growth of the Company. Ytelcom operates in markets that are complementary to Leadcom, and by this acquisition, we will achieve a significantly wider geographical spread on the African continent. This transaction fits into the strategic blended growth model we announced earlier this year."


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Now, if as expected, the pound weakens and we return to say 1.7 levels by early 08, that means 19.1 cents, divided by 1.7 = 11.2p.......times that by 13 and you get 146p.

Given the status and potential, putting LEAD on a 13 times 2008 forecast....is that too much to ask ?

If we can enter into the BSNL and Reliance contracts by Spring 2008, and given further upgraded with that news, as well as becoming viable to ISA's by dual listing........a 150p target price is not only going to be too far away, but also very viable for 2008 Q1/2

For that its worth, as we know mac has moved on, I am not selling any Leadcom, and will continue to hold and review come results for the full year of 07, when they are released in Spring 2008.

PP ..... forget $ to strengthen .... medium term $ looking at 2.07 before strengthening ....... more likely to increase interest rates than $

Blue Oar updated forecasts :

2007 EPS of 5.9p

2008 EPS of 9.4p


IMO, these again can be upgraded once the full details of the BSNL order is released, and we get later the Reliance tender issued and awarded.

Both (Panmure and Blue Oar) latest updated broker notes are now available to view in the Leadcom archive web folder, the link is below :

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


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PapalPower, thanks for the continued info.
Totally random question but are you familiar with 'Playtech' (ptec)?
has some of Leadcom's 'not fully noticed by the masses' potential.

ben, no, but I'll have a look.


http://www.hindu.com:80/thehindu/holnus/006200707032030.htm

Nokia Siemens wins $900 mn deal from Bharti

New Delhi, July 3 2007

Bharti Airtel, the largest GSM-based cellular player, today extended its partnership with Nokia Siemens Networks by awarding a US$ 900 mn contract for expansion of its mobile, fixed lines and next generation network.

There were also indications from the company that it may place a similar sized contract with Swedish telecom vendor Ericsson for mobile expansion, discussions for which are currently going on. This will be among the largest GSM expansion deals in India with the installation of an estimated 22,000 base station sites.

"Discussions with Ericsson are going on," Bharti Airtel president and CEO, Manoj Kohli, said here without divulging financial details.

Bharti has already announced a capex of $ 3.5 billion for this fiscal to penetrate into the country.

Under the contract, Nokia Siemens Networks will expand Airtel's GSM network in eight existing circles, long distance and international long distance network with 1.8 million Next Generation Network (NGN) ports and its international calling card prepaid service capacity by 4.5 million new users.

The MoU on the contract was signed between Manoj Kohli, and Simon Beresford Wylie, CEO of Nokia Siemens Networks.

Two years ago BSNL floated the world's largest mobile tender of 60 million lines valued at $ 4.5 billion which is still stuck in delays. Ericsson was the lowest bidder followed by Nokia. BSNL has already lost its subscribers and market share due to the non-procurement of the equipment.

Leadcom appear to be doing some promotion in the US early this month. That would appear well timed, as we go into interims in August, and also now we should be going to quarterly results.


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We have them doing an Leadcom Investor relations presentation on the 10th July, 3:30pm (GMT)

http://www.investorcalendar.com/IIF/IIF_Forum.asp?ForumID=111832



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And also via a CE Unterburg event from the 10th to the 12th July (so the above appears to be part of this)

Unterberg are hosting an Emerging Growth Opportunities Conference in New York from July 10th-12, and Leadcom are presenting:

http://incentive.twstevent.com/sched/ceut0707/company_login.html?event_id=2151 (You'll find Leadcom in the list of companies)

More on the conference here:

http://www.unterberg.com/newsperspec/register/EGO%20JUL%202007%20info.asp

From this article it looks like Ericsson are still in negotiations for another potential billion dollar deal with Bharti Airtel, just after they gave a 900m $ one to NSN. (looks like NSN and E are cleaning up the India market, and its good that Leadcom is a preferred supplier to both).


http://www.moneyweb.co.za/mw/view/mw/en/page94?oid=144655&sn=Detail


Nokia Siemens ups the ante in India market

Bharti Airtel signs $900 million deal to expand service.

Daniel Thomas, Wall Street Journal

04 July 2007

LONDON -- Nokia Siemens Networks raised the stakes in its fight for the lucrative Indian telecommunications-equipment market, striking a $900 million memorandum-of-understanding deal with Bharti Airtel Ltd., the country's largest mobile-phone operator by customers.

Nokia Siemens Networks, a joint venture between Nokia Corp. of Finland and Siemens AG of Germany, will expand Bharti's GSM mobile-phone service across eight regions of India, as well as improve fixed-line and international-calling capabilities.

The deal comes on the heels of Nokia Siemens's announcement Monday that it plans to invest $100 million over the next three years to build a manufacturing plant for mobile network equipment in India's southern Tamil Nadu region. It added it was expanding its research center in Bangalore.

Nokia Siemens Networks, which competes against Sweden's Telefon AB L.M. Ericsson, will expand Bharti Airtel's mobile network in these eight regions: Mumbai, Maharashtra and Goa, Gujarat, Madhya Pradesh and Chattisgarh, Bihar and Jharkhand, Orissa, Kolkata and West Bengal.

Nokia will also expand Bharti's fixed-line telephony network, installing 1.8 million phone ports, and allow as many as 4.5 million customers to make international calls through a prepaid phone service.

A spokeswoman for Ericsson said it was still in negotiations with Bharti Airtel regarding a similar contract but declined to specify a financial figure. In August 2006, Ericsson was awarded a $1 billion contract to expand Bharti Airtel's GSM network in 15 other regions of India.

"Bharti Airtel is undertaking a massive expansion and integration exercise across its mobile and fixed networks to significantly augment its service-delivery capacity," said Manoj Kohli, Bharti Airtel's chief executive and president.

In the past year, India has emerged as one of the world's fastest growing mobile-phone markets -- alongside China -- adding about six million new phone users a month. Meanwhile, Nokia Siemens's main market, Europe, is seeing the mobile-phone market reach saturation.

In May, Nokia's mobile-phone division launched seven inexpensive handsets aimed predominantly at the India market, to take advantage of this huge growth.

GSM, or global system for mobile communications, the technology Nokia Siemens is installing for Bharti, is the most popular mobile-phone technology standard in the world, used by more than two billion people.

Separately, Nokia Siemens Networks launched a device aimed at boosting third-generation mobile-phone coverage inside homes and office buildings.

The company launched the 3G Femto Home Access Solution to try to overcome the issue of poor indoor coverage. Third-generation coverage from traditionally used radio masts can sometimes become distorted or weakened by building structures, resulting in worse indoor coverage.

The technology will allow users to boost mobile-phone coverage -- including faster data downloads -- inside buildings by plugging an indoor transmitter into their broadband network. The mobile-phone operator can then use the customer's Internet broadband connection to improve the coverage.

PP thanks for all your work here, i got in a few months ago at 60p, contemplated topping up at 51p in the correction shortly after, i wish i had, but this seems to be heading one way only now...

going from strength to strength now, PP excellent posts, been in since 45p traded along the way, my star stock at the moment, you can expect a good flow of good news over the next 6 months.

My first contact with the market this week (been away for a few days), LEAD doing very nicely now, and with lots of newsflow to come maybe it'll go and test the first Panmure target of 89p. At the risk of sounding boring I would also like to thank PP for his hard work, it is appreciated PP, many thanks.
2517

No probs all, glad its of some use to you all when your doing your research.

I can see the seller staying with us to the 80p levels imo, but after that we should be clear, and we should see the move up through 90p and 100p being swift and not holding back, imv.