Been buying these since mid oct last year - soon after their profit warning. Management have been changed - new contracts gained and a complete reorganisation. I am not currently trading them but buying a few in the dips and accumulating. I have several good contacts and happy to continue buying.

seems to me we were in such a dip today and have therefore added a few


ains


Share price at start of thread 50.5 mid - current 86p - gain 70.3% (13/05)

Edging towards their 6 month highs despite the crap market - plus 1.64% on above average volume for the day.

In early December the company talked about restructuring and planned downsizing ...... today this was finalised and between 420 and 430 work units have been made redundant. Management has been restructured and the company is a leaner meaner machine.

This is a long term play for me and will continue to add a few on a regular basis.


ains

Ticked up again and a 500K cross at the new mid price looks promising.

Market exppecting a possible raste cut this midday helps the FTSE and US Futures flat at this time


ains

Volumes picking up again and already twice the daily average with several bigger trades going through - includes a buy of 140K and another cross at a new higher mid price ..... shares now up 2.42% intraday and very close to the 6 month high


ains

Still ticking up @ plus 4% on the day with a million and a half traded ahead of US open and despite no rate cut


ains

Xansa wins multi-million pound BPM deal
By Kevin Reed [06-03-2003] Finasncial Director


IT and business services company Xansa has won a 21m, five-year contract to supply a new accounting and finance business process service to O2's UK operations.

Link:Xansa announces 430 to go

The IT project is a welcome boost to Xansa, having announced the loss of 430 jobs - around 7% of its global workforce - at the end of 2002.

The deal will see Xansa implement the Oracle 11i e-Business suite, which aims to give O2 costs savings of 25% over a five-year term.

The scope of service provided will range from accounts receivable through to supply chain and inventory management. Around 7,000 of O2's workforce will have access to the system, and the process will be achieved by Xansa consultants working alongside O2's finance and technology teams.

Commenting on the deal, Matthew Key, O2 UK's chief financial officer, said: 'This new service will play a major part in our plans to transform O2's accounting and finance processes in the UK. We chose Xansa because the will enable us to increase the quality and efficiency of the business whilst reducing our operational costs around 25%."

Xansa shares have climbed 4% to 64.5p since the start of trading today.

hmmmmmm ..... 500k f trade looks like an early morning buy plus a million f trade which might be a sell .... vols over 4 million now


ains

Citywire have a major update on xansa - but it is a subscription site - here are a few highlights


Published: 09:17 Fri 7 March 2003
By Joanne Wallen, Technology Correspondent


Citywire tip Xansa has attracted a couple of shrewd investors, whose stakes in the company, along with an important contract announced earlier this week, make it look even more promising for the future.


Xansa (XAN) is the IT services and outsourcing specialist tipped by Citywire in October, when the shares hit lows of 30p. As we reported, Warren Buffett-style investors Phoenix Asset Management surfaced with a share in Xansa at that time.

In November, the shrewd team at Aberforth Partners bought in to Xansa with a 572,000 share stake for the Aberforth UK Smaller Companies fund. The fund appears to have taken some profits in January but bought back in early in February and currently holds 786,000 shares.

The real significance of the OOM deal is not so much the value, but the fact that this is the second piece of business for Xansa's nascent business process outsourcing (BPO) business.

Xansa set up the BPO in October 2001 with a view to having BT as its first customer.

In June last year Xansa finally signed the BT deal, worth 250 million over seven years. Xansa is again running the whole of BT's accounting and financial services functions, including employing some 570 of BT's staff.

The mmO2 deal is only the second win for the BPO business, although the company had said it wanted to bed the BT business in first before going after any new business.

Alan Wood, managing director of the business process division told Citywire that Xansa could guarantee O2 a saving of at least 25% by taking over the running of these processes.

He said the company is talking to several other customers who are very interested in outsourcing some of their business processes.



The company does have some fundamental strengths that include a long-standing blue chip customer base, recurring revenues and strong cash generation it improved cash flow from operating activities by 100% in the first six months to October to 46.1 million, leaving a net cash position better than expected at 14.8 million.

Apart from the promises of the BPO business, Xansa is still in the running to win a significant part of a 1.5 billion contract to run the IT infrastructure for Consignia, owner of the Royal Mail.

In October it was announced that Consignia had chosen the Prism alliance, which includes Xansa and BT and is led by US computer services giant Computer Sciences Corporation, as its preferred bidder for the 1.5 billion contract to run its IT infrastructure. A spokesman told Citywire yesterday that 'talks are still ongoing.'Citywire Verdict:

At this price, shares are valued at 11 times next year's earnings. Provided the company maintains its dividend for the full year, the yield is a healthy 5%.


If you are thinking further than the next six months, this is a company to hold onto. New money should take any further drop in the price as a buying opportunity.

2003 Citywire

Not a good day ..... big volumes and fair amount of profit taking - down 6%


ains

Added a few in the dip yesterday .....



ains

a million cross @ 57p helps to push them up - now 57/60 plus 3.54%


ains

a half a million buy trade gets them moving in the right direction .... now 58/61. They are hoding up well despite the markets and can see some massive gains when the market starts to seriously recover



ains

Two directors retire and new non -exec comes on board



ains

currently 57/60p and marking time - despite the heavy market falls ..... I am looking to add a few in any dip from here


ains


LONDON (AFX) - Xansa PLC said Jo Connell, executive director, will retire from the board and leave the company on March 31 2003, having completed her management of the company's streamlining programme.
The company announces the appointment of Lord Wilson of Dinton GCB, formerly Sir Richard Wilson.

He was formerly Secretary of the Cabinet and Head of the Home Civil Service until September 2002.

pushing ahead of the market today - up over 3% @ 60/61p on higher than average volume

Up again today .... just ahead of me wanting to buy a few more .... that's life

Volumes are normal @ 476K - up 3.15% @ 64/67p

Up again @ 66/69p a new recent high - Sage comment has got the sector moving this morning - I am expecting a high volume day - currently heading the FTSE250 riser Board :-))




ains

As we promised earlier - vols are high - already well above the daily average and although we have slipped to 8th in the riser board we have ticked up a little more at 67/69p up 2p or just over 3%. This is a 4 month high :-))


ains

ainsoph posts 25 others ,er nil,
seems like you agree with yourself there then.

Who cares ..... still making nearly 40% ..... and thats a lot of dosh as I hasve several units in this one :-)) maybe a couple of hundred + profit per post :-))