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

Looks to be more than the market malaise responsible here, any ideas?
2517

The support of 41p has been broken without any difficulty...looks like a SELL from now.

The seller seems to want out regardless of price, so I think everyone is now letting them sell down.

No trading update, no news on results...........does not bode well for the results, but I am expecting them to be worse than broker forecasts.......so it would not be a surprise if they are very bad really. :)

They are bad, they're forecasting a $5m - $6m loss for 2007.
2517

34p now.

This company are really dissapointing me, alot of promise lets hope the seller's got it wrong.

PP suggest you update the heading.

Growing pains more like!!

SP slipping away now lower than issue price in 2005. Draw your own conclusions.

Papalpower, LEAD has no hope now. Really disappointing...closed at 31p.

Here's why, Made a loss for year!! Expects next year to be better!! heard it all before, these things come in 3's right? Lets hope I'm wrong.

Leadcom Announces Lower Margins for Q4 and Full Year 2007 and Announces a US$35 Million Follow Up Award in India


February 5, 2007, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company', AIM: LEAD), a leading international provider of innovative telecommunication solutions informs that, subject to the final audited results, the Company expects to report normalized operating margin (from continuing operations) significantly below market expectations for Q4 and full year of 2007.

Lower Margins for Q4 and Full Year 2007
The Company expects to report revenues of approximately US$200 million excluding the discontinued operation in CALA (approximately US$225 million including it), normalized operating profit margin (from continuing operations) in the range of 6% to 6.5% and net profit (from continuing operations) of US$3-4 million in 2007. Management has decided to employ conservative approach towards the collection of payment for work done in the CALA discontinued operations. Therefore, we have provided for approximately US$9 million for the loss from discontinued operations. As a result, we expect to report a net total loss of US$5 to 6 million for the entire Company in 2007.

The reasons for these results were: the discontinuation of engagements with a leading vendor in CALA, as discussed in the Q3 2007 results, has resulted in a higher loss than initially anticipated; engagements with other customers in CALA generated lower margins than expected; the inclusion of Ytelcom financial results in Leadcom's accounts for the first time and the implementation of IFRS accounting rules at Ytelcom required adoption of revenue recognition policies which led to postponing both certain revenues and profit into the first half of 2008; and an over-run of costs in one of the Leadcom's projects in Africa.

Full financial and operating results for Q4 and full year 2007 will be published on February 25, 2007.


Largest Ever Single Award

Leadcom also announces today that it received a follow-up award from an existing customer of the Company, a leading cellular operator in India.

This project is on Full Turnkey basis, for the delivery of products and services pertaining to construction of telecom sites in a circle in which Leadcom has already rendered services to this customer, as well as in two new circles.

The value of this award, the largest ever received by the Company, is expected to exceed US$35 million. The majority of the revenues from this award are anticipated to be recognized in the first half of 2008. This will set the order book in India for 2008 to above US$50 million.

Arik Alcalay, Leadcom's CEO, commented: "We are disappointed with our overall performance in 2007. We failed to translate the considerable growth in revenues into the target net margins and profitability. We are determined to take all necessary actions to restore our performance and profitability and regain the confidence of our shareholders."

PP you seem to have some awful luck!

Anyone prepared to hold for the next 5 years and hopefully get their money back???

Kivver, I was fully expecting this, hence my comment this morning about "very bad results".

I did call for a total kitchen sink job in 2007, and hopefully its what we will get now.

This will clear out all the old Lead insti holders, and allow the new holders to buy more ahead of what should be now a much improved 2008 (especially as 2007 is now a kitchen sinkie).

It would be nice to see a test of 20p, and around there thats where I will buy back a big position, if the chance comes.

I'd rather see 40p in the near future!!

Steveo and me, but I fear it will be a long longer than that. Investors lose confidence in companies like this who seem to be very ecomical with the truth.

Management looks dodgy...not worth 20p...putting good money after bad

Margins appear to have collapsed in Q4, even in the 'good' parts of the business. If anything that will only get worse from competition from now on.

City will lose confidence with management too after this Loss warning which makes their last conference call look a nonsense imho.

Could easily post a loss again in 2008. Bad management in a bad market. No earthly reason to take the punt on a recovery imho.

Pretty much as suspected with the earlier Elco buys, we now see Elco uping the ante. This resolves any cash issues.

Elco were buying earlier at over 60p levels, and so they see the value, and given their input and back up, things should get very nice, once we get the "kitchen sink" 2007 results out of the way later this month.

have not been following LEAD for a while and am sorry, especially for PP, that sp has fallen over yet another cliff ..... surely the stock is best avoided, though i admit that is without reading the background.

cynic, the news today tends to suggest that they are getting not only financial support but also business support.

The SP has fallen off a cliff, and indeed the results to come later this month should be awful, but, provided this is, and it looks like, a real kitchen sinker, then with Elco support, and any cash problems removed, that the business could resume its growth again, thats profits and not revenue this time around.

I have been buying, and now have a holding sub 30p levels.