have we got anybody out there holding this stock or am i the only one...really like this one ...have been holding for quite a while....cant work out why it keeps going down though...hasnt brought out any bad news although like many small stocks is news driven and whilst it doesnt bring out any news it flounders a bit....but saying that it has got very cheap now ....moneyam seems to have trades wrong though....i would say theyre buying for 4.12 and selling for 4.06 at the moment but most trades appear as sells....your thoughts would be appreciated

Don't expect this to be a short term bet.

VTB is growing rapidly by aquisition by issueing new shares.

New share issues can often worry people & hold back the price.

10 years time this company could be a real gem or taken over itself or bust.

Expect more aquisitions. So far they seem to have made some quite good ones.

I'm in it for the long term or until I think that they won't make it.

However, if it rises too quickly then I will get out & wait for it to fall back again before getting back in.

DYOR

14/05/04 13:24 Acquisition RNS

http://moneyam.uk-wire.com/cgi-bin/articles/200405141324297030Y.html

This share seems to be on the move again

264,500 crossing trade as well.

All buying yet again today!

up slightly today....i think the results are out monday.....time will tell

Expect people to be surprised by good news on Monday!

I don't think recent reports & events have been noticed by many people & for some people they haven't really sunk in.

Turnover from continuing operations increased by 194% to 2.1 million.
Very good news for continuing operations.

Unfortunately, overall turnover dragged down by new aquisitions.
Overall Turnover increased by 22% to 2.7 million.

Judging by by their track record the new aquisitions will soon have good news too.

Loss per share reduced by 89% to 1.0 pence.
Adjusted loss per share reduced by 75% to 1.3 pence.

I suppose that it would have been a profit without the aquisitions.

Looks like they know how to turn around their aquisitions.

trouble is bought out good results as far as i am concerned but what do the shares do.....go down.....beats me.....what do people expect

janesteve

My guess is that they will be up & down about 10% for a while until the next trading statement.

Judging by their ability to turn around their aquisitions, the next trading statement should be very good & they should be in profit.

When that happens, we go UP!

It did seem a very positive statement but without outright 'profit, profit, profit' in the current market upward jumps may be slower than hoped. Still it looks very promising.....

Before the market opened this morning, vtb were marked up so the MM's were optimistic. But if some investors get jittery and sell, then the price will go down, nothing to do with the Company or its prospects. Good buying opportunity now.

Chairman's Statement

The past year has seen the continued recovery of the telecommunications, media and technology (TMT) sector, since its rapid decline some 3-4 years ago. Whilst some companies have either failed or gone into administration, others have enjoyed their first operating profits, primarily through a focus on cost saving, creating value add services and achieving economies of scale through sector consolidation. This recovery has created a renewed interest amongst investors, both Institutional and Retail, and confidence in the sector is returning. Our successful placing at the beginning of May, raising 3.1million before expenses, is testament to this sector's recovery and investor interest.

I am delighted to report that Virtue has managed not only to attract significant new investment over the past year, but has also succeeded in transforming the business into possibly the leading Webcasting business in Europe. This has positioned the company for further aggressive penetration into the high growth, high margin IP based corporate communications sector.

As announced in June, we divested our UK Media Services division to Interoute Communications Limited for a gross consideration of approximately 800,000. This decision was taken to allow us to concentrate resources on the Corporate Communications market, where we have significant competencies and a solid history of service delivery, which is reflected in our high quality blue chip customer base.

We have also successfully consolidated our operations function into one discrete unit and, as such, Europe is now served from one primary centre. Most importantly this has provided us with a scalable platform, which delivers enhanced IP based services to our customers. In summary, we now have one R&D team, one operational centre and one scalable platform, which allows us to increase our customer base without a corresponding increase in overheads of the enlarged group. This will enhance the bottom line of the business through increasing margins and reducing costs of sales. This centralised strategy for our core operational unit has already delivered significant benefits to the enlarged group as a whole and we will continue to leverage our asset base in order to extract increasing value for the Group. The Board believes that there are significant opportunities to extend the current products and services offering by vertically integrating professional service offerings as part of an ongoing unique service proposition (USP). This should enhance margins, and create real barriers to entry for competitors.

Our ultimate goal however is to be a key player in the provision of IP based corporate communications, which encompasses a number of differing strands, all of which are highly synergistic, and margin enhancing. With our extended footprint across Europe resulting from the acquisitions of Unit.Net in June of last year and Kamera in January 2004 we now have the base foundation in terms of infrastructure and customers from which to deliver these exciting IP based services. The latest acquisition, of Foroso Communications in Germany, will accelerate the deployment of IP based Web conferencing to our customer base, and will allow us to leverage the business to deliver greater value to our shareholders.

The acquisition of Foroso represents the successful start of the second stage of the Board's strategy to build Europe's leading online corporate communications company. The Board shares the view of many leading analysts that the market is moving toward a single, converged, IP based voice-video-data network, with research showing that the worldwide Web conferencing market segment is set to grow by 73% per annum to USD1.1 billion by 2006 (source: The Radicati Group,
Inc. October 2003).

It is primarily due to the high quality of the people at Virtue, that these acquisitions have been promptly and efficiently transacted and integrated into the Group allowing us to extract enhanced value from our corporate activity.

Costs have been a continued focus for us during the period under review, as a result our overall operating cost base for the second half of 2003 was 1.7 million versus a combined 3.2 million of the Group and Unit.Net AGin the first half of 2003.

Our revenues from continuing operations during the term have increased by 194% to 2.1 million, a clear indication of the speed at which the business is developing and the reshaping of the business in order to take advantage of the significant opportunities within the IP sector.

We have had some excellent customer wins during the period that clearly demonstrate our continued ability to offer and deliver broader solutions to multi-regional blue chip companies. These customers include Bertlesmann, PC World, Novartis, Swisscom and many others.

We are now a leading operator in what is a consolidating sector with a growing number of high quality customers both in the UK and across Europe. Some of these companies are major multi-nationals, such as UBS, Deutsche Bank, ABB, Deutsche Post, Holcim and ABN Amro. We are now in a position to increase our focus on customer needs across a variety of geographical territories, which we believe will yield major cross-selling opportunities for the Group. Our strategy is one of retaining and attracting quality customers, which are able to deliver higher margins to the business.

The Board anticipates further improvements in operating performance from both existing business and the newly acquired acquisitions, with respect to revenue and margin. I expect this to be achieved as we extract the value and cost benefits from our centralised operations and economies of scale.

I believe the Company now has the right focus, market position, technology offerings and team to deliver our objectives of building the business into a leading global provider of IP based corporate communications. We believe the long-term prospects for the business are excellent and we will continue to create more sustainable and higher margin revenue streams from our products. This is an exciting time for the Company and the IP based corporate communications sector and I look forward to updating you on our progress in due course.



Mike Neville, Chairman

are these shares gonna hit 18p or am i dreaming...

i think you are dreaming....if they hit 6p again in the next year we'll be lucky

i mite as well sell now..
thanks janesteve

i mite as well sell all my shares.. and cut my losses
thanks janesteve

Hang on Bahader - don't suffer losses unless you are desperate for the cash. Once VTB is in profit it will be a different story.

when will they be in profit beaufort1? are u m/f.. i should off bought in something elese. big mistake..

thanks

when will they be in profit beaufort1? would u know the dates are u m/f.. i should off bought in something elese. big mistake..

thanks

its gone 3.05p shitttttttt..
is it worth buying now.. does anyone know...