This share has taken off over recent weeks. The management has transformed the company. Offshore Telecom presents an exciting opportunity. Rival BBs are very active on this share. It is time for MoneyAM BBs to join in the fun.


Offshore Telecom Plc

KEY NEW ORDER SIGNED WITH XCHANGEPOINT

Offshore Telecom Plc ("Offshore Telecom") announces that its principal operating subsidiary, Matrix Network Solutions ("Matrix") has received a letter of intent from XchangePoint Europe Ltd. ("XchangePoint") for orders which are expected to generate revenues of 500,000 over the next two years.

XchangePoint is a leading provider of metro-area internet interconnect services. It offers its customers an extensive range of services that enables them to balance their peering, transit and access requirements through a single connection on the XchangePoint platform. XchangePoint currently operates mainly in London and in Hamburg, Germany and is planning to expand its services into at least two additional major European Cities over the next two years.

At the outset, Matrix will provide outsourced network support services to assist XchangePoint in rolling out its services into mainland Europe. Matrix will also supply and install the communications networks and associated equipment for this expansion.

Ian Smith, Offshore Telecom's Chief Operating Officer, commented :

"This is the first announcement of a number of significant new contracts won by Matrix in recent months. The XchangePoint contract will contribute some revenue in the current year, but the bulk is likely to be booked in our financial years starting in November 2003 and 2004."

Richard Almeida, CEO XchangePoint added:

"XchangePoint is very pleased to be working with Matrix as a trusted business partner for network services, contributing heavily to earlier implementation of our business plans and vastly improving on the traditional supplier approach. This will accelerate the roll-out of our newly funded plan to grow XchangePoint's business into Europe"

Up again today ,looks very promising.

g12 :)

Anybody know if there are contracts still waiting to be annouced that they are currently working on?

is it still good to hold, or sell it? any comment

Hard to say at the moment, The company is still working on building and the shares mag had a three line saying may be on turnround. I would not sell
the shares are still cheap and I do not think there is much downside or risk. I believe they are working on some proposals according to earlier reports. A good announce ment could push the price upwards but it could be a few months. Sorry can not tell you more than. As usual DYOR and all the best with what you decide.

Good move today the with total gain of 80% since I entered. This could be the next good earner but will be bumpy for a while till the new name and orders arrive. Nice to see a new hand on board who is used to aquisitions, my read is they will be active in this field.....time will tell. ck..... did you sell, hope not.

on the way north new main man at the helm shoud make this fly i`m staying for the ride it will be bumpy but i thats part of the fun

Another good day with plenty of buyers and sellers holding for more profit. Friday could be another good day and will tell if the sellers will enter to slow things down. At this price can not see a down and the next months should see some activity on the purchase front..... It may be a little bumpy but thats the way to make the money.

Another good rise today. How far can this go before profit takers move in ?

Did we all miss the 225% rise in 4 weeks?

Well foxwell that is the million dollar question, as you know we are a fickle bunch and sometimes get it wrong. There have been a lot of buys in the 1.88 - 2.6 region with ealier profit takers gone, as a guess I think the 3 - 3.3 will see the some profits being realised. The 2.5 range should hold, and good news will push the price up. chartist....I missed on some of the first rise but have managed a respectfull 195% so far.I think this has the potential to return real growth over the medium term. It is still early days for the new strategy I am sure they will purchase and the contribution of XchangePoint could be significant, and they are making money. As always dyor and all the best to those who stay on for the ride. For those who like the charts check out COH

Thanks for your opinions K. Have also made about 195% and have a long term view. Would be nice to get out and buy back in lower if profit taking is prolific.

Good start then the sells came in, finished a little lower than I thought expected to hols 2.5, Still all the market was a bit flat...must be Monday Morning blues

Hi. Haven't posted on here since December. Been busy on another BB. Pleased to see my faith in OST has been rewarded. Shares Magazine is talking about a 1.16 million profit this year on margins of around 15%. Prediction for 2005 is much higher. AGM is due in a couple of weeks. Lots of good news is expected. Should get another good run over the coming weeks. Good luck!

Anyone know why 3% has been wiped off in last 10 minutes and yet buys far outweigh sells

Might be some of the buys are actually sells,posted late

Great Day - can this be sustained? Any views

Hi Oak

OST got mentioned in the Daily Express today with regards to possible large contract due to be announced. Also AGM this Wednesday an Ian (ceo) is doing a live web broadcast on ADVFN on Thursday. Great potential in this share in a rapidly expanding market.

As always dyor.

Thanks martincoops - I like the sound of the CEO`s intentions following AGM on Weds - so too do the punters to-day 8% up at midday with buys outstripping sells
3 to 1

Any ideas/reasons why down 5% despite buys outdoing sells by 10 to 1

Don't know Oak,my guess is the placing of the shares today. This will only be a blip IMO now have to wait for the AGM and the takeovers announcements.