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

This should hopefully now lead to a very strong end of Dec and January/Feb.

The February results will also give us details on what divended will be given.

LEAD should now be in plenty of peoples eyes as a real growth stock for 06 and 07, should not be long before the tips start coming in.

With a good dividend this will not only be a growth play, but also an income one as well.

Basic/Diluted EPS should be around 5.6p so we are now on a historic PER of 9 from yesterdays SP at 1st Jan 2006, and then a pr PER of 6.5 for 2006 year end.

I am taking this on FY 2006 pr EPS of around 7.85p.

macansy77 - 13 Dec'05 - 08:54 - 48 of 48

the way i read it we have approx $60m secured for 2006 already plus a further possible $235m pipeline - from memory of the original IPO documents, LEAD stated a conversion rate of at least 40% for future pipeline deals - based on the figure of $235m, this would equate to a further $94m of revenues in addition to the appprox $60m giving a total of over $150m for FY 2006 - that's a very healthy hike over FY 2005!

I may be wrong, but I am now expecting somebody to take a large position in LEAD some time soon, perhaps early January, perhaps end of this month.

If they do, hold on to your hats as it will fly, while it goes through.

The B trades that are happening recently (and today) is similar to what was happening on KIB before Emblaze increased their holding a large amount.

From uk-analyst.com

A positive full-year trading update from international telecom group Leadcom Integrated Solutions gave its shares a 2.25p boost to 52p. The company said that its results would show a significant improvement over the preceding year in both revenues and normalised pre-tax profits. Turnover for 2005 was expected to be in the range of 96-97 million dollars. The group also said that it expected 2005 would be the fourth-consecutive year of more than 40% year-on-year growth.

you can't deal in these on iii.

The www.armshare.com site was updated on Leadcom yesterday, and happy to report that the performance is now noted above the companies location this company's performance commands attention, it certainly does !!




" The interim results to June 2005 showed sales of $46.8 million (2004: $29.1 million, pre-tax profit of $4.2 million (2004: $1.2 million) and EPS of 5c (2004: 1c). The Q3 update in October reported that Q3 sales were $24 million resulting in sales of $71 million for the 9 months to September; Q3 normalised pre-tax profit was $2.7 million producing pre-tax profit of $7.5 million for the 9 months to September.

The December pre-close update re the final results to December 2005 reported that sales are expected to be in the range of $96/97 million, producing a pre-tax profit of c$10.0 million; the order book and frame-agreements for 2006 total over $60 million and the sales pipeline totals $235 million; in 2006, the company plans to extend its activities into Asia-Pacific and North America, starting with India and the US; stable growth is expected to continue into 2006.

Research Standing

We said "Analyis is more easily practiced on operators nearer home." Despite this Little Englander stance, this company's performance commands attention "

A small move up so far, and hoping for many more small moves up and people take in yesterdays news.

Another take (I think an even more bullish stance is justified) on LEAD;

jwe - 14 Dec'05 - 16:37 - 115 of 116


Fair value for LEAD-

It appears that EPS for 2005 will be around 10.5c(6p-4.2p after 30% tax).Using a conservative p/e of 15 that gives a HISTORIC value of arond 63p.However the P/e ratio to be applied to get a fair price should be prospective and again 15 seems a conservative figure to use(bulls could argue for a lot higher).It seems highly likely that T/O will increase to $140M in 2006,this gives a prospective EPS for 2006 of around 5.88p (i have ingnored the fact that the profit margin is rising)giving fair value around 88p as we move to 2005 earnings becoming historic.
I will be interested to see what CS say and in view of the visibility of earnings i don`t feel my assumptions are too optimistic but would like to hear any other views particularly those of a more bearish nature.

LEADCOM INTEGRATED SOLUTIONS LTD

Directors' dealing

Leadcom Integrated Solutions Ltd ('the Company') announces that on 13 December
2005 Jacqueline Donnelly, non-executive director, purchased 39,000 ordinary
shares in the Company at 52.75p per share. This takes Mrs. Donnelly's
beneficial holding to 39,000 ordinary shares representing 0.04% of the
Company's issued share capital.

End

A director buy and the MM's drop the price, I really do not think it will stay this crazy cheap for much longer, I hope it does so I can get more cheaper next week, but its really cheap as chips at the moment I think.

The only question for me is will they move it up later this month, or the move up will wait for January ? I expect the move up will coincide with the new CS updated report, so keeping an eye out for that to be released.

The new CS note thanks to mac;


macansy77 - 16 Dec'05 - 09:10 - 147 of 154


CS Note in brief...

Highlights
LEAD is a telecom services business that specialises in the provision, management and implementation of telecommunications solutions typically for operators on behalf of the hardware manufacturers such as Nokia and Ericsson. The business floated in April 2005 at 32p per share, and there has subsequently been a very impressive trading performance with a strong set of results in the first half of 2005 and an earnings upgrade from Corporate Synergy Plc for both 2005 and 2006 in September 2005 this upgrade raised our normalised PBT expectations for 2005 by 26% to $10.2m, 2006s estimates by 13% to $12.0m and 2007s by 3.4% to $15.4m. The shares have performed too.

On 13 December 2005 LEAD issued a pre-purdah trading statement for the year
ending December 2005 stating that our revised 2005 targets would be achieved. The highlights include the sales coming in marginally ahead of our estimate at between $96m and $97m whilst the normalised PBT margin of 10.5% would deliver our 2005 earnings forecast. Normalised profit will have risen by nearly four fold in 2005.

We consider that the most attractive element of LEAD is the strong pipeline there are presently real signed orders (back-log and frame agreements) for $60m with a further pipeline of potential business amounting to $235m the traditional conversion rate has been 35% - implying scope for an additional $80m plus of sales; together these would generate sales of over $140m in 2006! See the analysis of the pipeline on the following page. We cannot convey strongly enough the fact that the IPO monies really have enabled this business to do more, and better quality business. This bodes well for future profit growth.

The net result is a second material earnings upgrade in 3 months. We lift the
2006 sales target from $108m to $120m (up 11%) and the normalised PBT from
$12.0m to $12.75m (up 6%) this infers a normalised PBT margin of 10.6%. Of these sales we would expect $55m (46% of the years forecast) in the f irst half with $5.75m of normalised PBT in the equivalent period (45% of the years forecast).

We upgrade 2007 estimates too. We raise our sales target from $125m to $150m
(up 20%) and the normalised PBT from $15.4m to $16.5m (up 7.1%) a margin rise
from 10.6% to 11.0%. We leave the dividend forecasts unchanged.

Our formal 2006 forecasts assume a full tax charge. When we allow for the 15% tax charge the reported EPS forecast for 2006 puts the rating at 8.4x. The EV to EBITDA multiple for 2006 is presently 6.1x. A growing reputation for earnings upgrades, M&A activity in the niche and scope for independent coverage in 2006 make this a share to watch. We expect continued over-performance for the LEAD shares relating to the driven management team, the low PER, high ROCE, respectable yield, strong balance sheet and strong momentum. The future bodes well for LEAD.

*Corporate Synergy Plc acts as Nominated Adviser

Good to see we are moving the right way today, with a weekend for people to mull over the new CS updated report, we should be back into a gentle uptrend for this month and then a big move up in January I hope.

Nice to see LEAD getting some press coverage now;


The Times

http://www.timesonline.co.uk/newspaper/0,,175-1937115,00.html

"Israels Leadcom Integrated Solutions increased p to 49p as Corporate Synergy, its house broker, raised earnings forecasts for the second time in three months."


The Guardian

http://business.guardian.co.uk/story/0,16781,1669359,00.html

"Down on Aim, Leadcom Integrated Solutions added 0.75p to 49.5p as house broker Corporate Synergy put out its second material earnings upgrade in just three months, hiking pre-tax profit expectations for this year by 26% and next year's by 13%. Leadcom builds and manages telecoms networks on behalf of hardware manufacturers like Nokia and Ericsson. It specialises in developing markets with a significant backlog of orders in South America and Africa where the mobile phone markets are booming."

An interesting press release from Nokia. This ties in with LEAD expanding in India from the recent trading update and the future pipeline of work.

http://press.nokia.com/PR/200512/1025941_5.html

If you look at just some of the Wireless Infrastructure contracts Nokia has been awarded for India in recent months you can see there will be plenty going on, an of course, this is just Nokia and just India.


Nokia Aug 23, 2005 Bharti India GSM/EDGE $125 million Nokia will provide managed services and expand Bharti's Airtel networks in the circles of Mumbai, Maharashtra (including Goa), Gujarat, Bihar (including Jharkhand) and Orissa over a three-year period

Nokia Nov 27, 2005 Bharat Sanchar Nigam Limited(BSNL) India GSM $141 million The expansion will enable BSNL to significantly increase its network coverage and capacity in the states of Jammu & Kashmir, Haryana, Uttaranchal, Uttar Pradesh (both east and west circles), Himachal Pradesh and Rajasthan. It gives BSNL the chance to introduce the benefits of mobility to 2 million new Indian subscribers, and underscores Nokia's commitment to the dynamic Indian market.

Nokia Nov 28, 2005 Idea Cellular India GSM Idea will deploy Nokia's Intelligent Content Delivery System (ICD) solution on all IDEA's mobile networks across India.


To keep up to date with contracts awarded to Nokia, you can view them on this link;

http://www.mobileisgood.com/nokiaContracts.html

Some large Broker to Broker trades today and a tick up.

Had a top up here this morning as well, cheap as chips, cheap as chips and soon should be moving up.

http://www.fool.co.uk/news/comment/2005/c051221b.htm?source=eooyhoit14050001

Looking For AIM's Big Winners
By Ed Bowsher December 21, 2005

If you're searching for big winners, London's Alternative Investment Market (AIM) is often a good place to look


"And there's more! Champion Shares editor, Maynard Paton, published research last week on five exciting companies which all listed on AIM during 2005.

Of the five, I particularly like Endace (LSE: EDA) and Leadcom Integrated Solutions (LSE: LEAD).

Leadcom is also making money. It helps companies such as Nokia and Ericsson to build and maintain telecom systems in the developing world. A recent trading update suggested that Leadcom could generate earnings of 4p a share this year, which would put the company on a price/earnings ratio of just 12.5 at today's 50p share price."

16th Dec 2005 CS report on Leadcom is now available to read in PDF format at the below link :

http://www.leadcom-is.com/admin/literatureSubCat/Filesdownload/Leadcom-Note%206.pdf