Just to note that Legal & General previously held 41,497,890 shares (3.08%)
An increase of 12,911,121 shares over their previous holding.

I see that Legal & General have reduced their shareholding to 3.98%. Does anyone know why? I, on the other hand have, just bought a further 10,000 @ 36.7 and am hoping that the recent slide will be reversed.

mtd118
Just read your post, I was thought that L&G had increased their holding by approx 1.7 mill shares. Would as always stand to be corrected.
Rgds
optomistic

mtd118
Correct myself,L&G holdings at 2 Mar 53.739.011 shares 3.98% reduced from approx 54.4 mill. No idea why but IMO does not seem an amount of size to cause any concern.
Rgds
optomistic

I like this company and it's management but have no faith in sp at present. Seems more that management deliver the worse the sp!!
Looking to get back in when it settles, hopefully soon.

Never expected to see this price again and certainly not after these results.
Nothing fantastic in the figures really but everything in line with what Bill Allen has predicted, and at this stage in the company's development I would have thought that a small increase in the share price would have been more appropiate. Choice is sell out or be patient and hold and look to topping up.
I'm going for the latter option.
LOL
opto

Held firm yesterday, up 1p today, could this be the start of a small recovery?
Anyone volunteer L2 info on Thus please,
opto

Optomistic

I joined the fun yesterday. I previously sold out at 38p and have taken a long Dec spreadbet from 25.4p (have no cash available to buy actual shares). I hope I am bottom fishing but my take on the results was positive with the targets set being met.

The cashflow position appears to now have turned to positive, which to me was always the key with this company. This increased cash generation and debt reduction will be key to the long term performance of the company and its share price. Turnover is growing on the back of new contracts, the only real concern being that margins have shrunk slightly. The focus of the business now appears clearer before, how the change in Chairman will affect this only time will tell.

Fundamentalist, thanks for your post. Re your comment on shrinking margins. I consider that in the ultra competative world of telecoms to have only slightly reduced margins is a positive achievement in itself and I am sure several other telecom outfits would be pleased to have similar results (time will tell)
Good luck with your spreadbet, dont understand those, I only run cash positions and am holding THUS at a small loss at the moment so am patiently holding on.
Overall I feel in the long term we are going to get good returns here but at the moment it seems that we are going to move sideways. Yet as you know nothing is certain in this game so we could get lucky.

Opto

Like you I think the long term will be good but the short term is liekly to be quite volatile. I have a target price of 34p for these by year end.

The spread bet as a long is just like buying the shares (but without the stamp duty)

for example:

Thus share price bid offer is 25p - 25.5p.

IG index quote me a spread for Thus share price in Dec of 24.2 - 25.4p. I decide to buy so go long of 25.4p. Rather than actually buying the shares I take a position for every point the share price moves. Say for example I take a 10 per point and the spread moves to 27.2p - 28.4p (on the share price rising). I can close my bet at 27.2p and my profit is (27.2-25.4)*10 = 18 or I can leave it until December and receive whatever the mid price is. The alternative is to go short where I would bet that it would go down from 24.2p. In this eg I would be losing as I could close at 28.4p so I would be 42 down. As you can see IG make there money on the difference from the buy sell spread. Hope this makes sense.

Fundamentalist, thanks for your insight to spread betting. Your year end target is not wildly optimistic, 34p is not too far away now. Wait for the next new contract news to give support, and of course there is always the possiblity of takeover talk, which however spurious will give rise to a price increase to your target. My target is openended but certainly higher than 34p. Could be wrong, have been before!!
lol
opto

THUS was notified yesterday that Deutche Bank now held 41.9 m shares 3.11% of the company's o shares.
Not a potential bidder but good to see another major institution taking an interest in THUS

Smith Barney starts Thus Group with 'buy' rating; price target of 34p May 10 2004 10:20

http://mwprices.ft.com/custom/ft-com/quotechartnews.asp?osymb=&ocountrycode=&pageNum=&company=NEW&industry=&region=&extelID=∈=&ftep=&sedol=&FTSite=FTCOM&symb=thus&countrycode=&t=e&s2=&q=thus

Deutsche Bank have just sold their stake - what's all that about ???

blanchard1
The news release states that the Deutsche Bank no longer have a notifiable interest in THUS shares not that they have sold their entire holding.
Have just arrived home and have not had time to look around if I see any further details I will post later.
Regds
optomistic

THUS confirms today the signing of the Mil42 contract with Glasgow City Council

Taken from The Herald today
http://www.theherald.co.uk/business/19340.html

pjbenne,
Why not copy and paste the article then it can be read by all easily?

Regards
opto

optomistic
Are there any issues regarding copyright when doing this ?
I did email moneyam about this some time ago but got no reply

Rampage, have seen it done many times, and have copied/pasted articles myself with no problems. As regarding the copyright laws I can't help you there