It seems THE Colt could be on its way back from yet another Year Low .

The stock is now at a very vunerable level at market cap level of only 500million -

My own opinion and that of other investors is great time to tuck away as a recovery from the present lows looks set to start...

What goes down must come up...

France Telecom still looks set to the main bidder though CABLE and Wireless is another contender named...

DYOR AS ALWAYS AND HAVE SAFE INVESTING ON YOUR MIND...jULES99

60-80p is the comeback target...

52p now

I have been "buying" and "selling" colt in the US as the price tends to follow the UK, rather than the UK follow the UK!

made a comeback fromearly lows of 51p - Closed at 53p...

Results not far away i reckon...something good, in the way of news....
last year it was early feb, if anyone has date plse post...

roll on 55p+...!!!

jules99

Well it reached 55p as predicted..now anything can happen, after 55P.. 86P is the next target point...check charts...

:-))))

jules99

you'll notice that volumes were above average yesterday, market interest increased and confidence back no doubt.

should breah past 55 today, no holding back it seems..

Im in on a S/B. Did ok last year.Luckly got out just before 80 avalanche.More luck than skill

iain ur a lucky man, such falls are like avalanches...


Broker upgrade:

Goldman Sachs have now reviewed and upgraded Colts this morning so the rise is likely to go a lot furthers!

closed at 57p...most analysts are expecting an above expectations results. Hope we are not dissapointed

jules99

looks like it all all happening..now 58.5p...results out very soon and trade update on the cards also..

60+p round the corner..!

Beware of the drop:-) Hope not.Im in for a bit longer.Watching for 70

DYOR IMOHO NAI Etc

well this is really one to get involved with. i have been in the sidelines too long...

This will shoot

this is great news for colt telecom also...enjoy the come back closed at 58.5p...60p+ next roll...!

'Triple play' telco predicts 90pc uptake
Wednesday, February 02 2005

Irish broadband, TV and telephony provider Magnet Networks has said that it expects upwards of 90 percent of its potential customers to buy into its new service.

The company, which officially launched in November 2004 following a EUR5 million investment from US-based Columbia Ventures Corporation (CVC), is making its services available on tap to anyone who moves into "The Grange," a new development in Dublin that will eventually include 10,000 homes. Currently only 300 homes are able to access its services; the company has signed up a proportion of these as customers, but declined to reveal exact numbers.

Magnet's main business is what's called fibre-to-the-premises (FTTP) -- sometimes referred to as fibre-to-the-home (FTTH) -- a technology that involves the connection of high-capacity optical fibre cables directly to homes and businesses. These fibre links allow users to subscribe to TV, phone and high-speed internet services through a single line, with newer content-related services such as video-on-demand (VOD) expected in the spring.

In the near term, Magnet will only be able to roll out new fibre in housing developments under construction, such as The Grange, where ducts that contain the necessary lines can be easily placed.

The firm's TV, phone and internet offering -- known as the "triple-play" within the industry -- places Magnet in direct competition with a mix of Irish firms such as broadband and telephony providers Eircom, Esat BT and Smart Telecom; pure broadband companies such as Irish Broadband, Digiweb, and Leap; and cable and satellite TV firms Sky, NTL and Chorus.

Interestingly, Magnet said that its basic broadband service will allow users to connect at a fast 2Mbps for just under EUR30 per month. The comparable ADSL product from Eircom costs EUR169 (excluding VAT) per month. Moreover, the firm said it hopes to launch an unusual option that will allow users to increase their bandwidth to as much as 100Mbps for brief periods of time, ranging from a few minutes to an hour.

In other comments on Wednesday, Magnet said that it has met initial targets set out by Columbia Ventures Corporation, and will be able to draw down additional cash as needed. Having already spent its initial EUR5 million on infrastructure, Magnet CEO Ingvar Gardarsson said that additional cash resources will be provided as necessary.

"It doesn't matter if it's seven, 10, 12 or 15 million [euro], the money is there," Gardarsson commented.

Founded in 1989 by US lawyer Ken Petersen, Columbia Ventures Corporation (CVC) has an array of businesses in the US, UK, Iceland and Ireland. Its most notable asset is Hibernia Atlantic, which provides large telecommunications links between Ireland and North America and was purchased from 360Networks by CVC for just USD17.2 million in April 2003. Other CVC businesses include telecoms assets in the US and Iceland, an aluminium smelter in Iceland and number of other aluminium-related businesses in Texas, Kentucky and Mexico.

The main thrust of Magnet's briefing in Dublin was to announce a number of partnerships that have allowed the firm to put in place its service, including a deal with CVC's Hibernia Atlantic which is providing connectivity to North America. The Nordic company Industria will provide Magnet with support for its broadband system, TV and video-on-demand services as well as some physical infrastructure.

Other Magnet partners are Aurora Telecom, Colt Telecom, Global Voice, INEX, Broighter Networks, Total Network Solutions and PacketFront, which are providing the new Irish start-up with various layers of connectivity, infrastructure, hardware, backup facilities and international links.
http://www.enn.ie/news.html?code=9585060

Good news,jules

hlyeo98 - excellent time to hold/buy colt, im glad i did now, If results on 24th feruary are as expected, above expectations, most holders expect them to rocket back again.

expect them to rise much further here, 80p-90p is acheivable short term on good results and after upgrade.

happy days !

CTM has achieved 60p today...looking forward to 70p now

Back in September a friend of mine tipped Colt to me because of the new chairman, John-Yves Charlier, as he has a track record of turning companies around. He turned Equant and a division of BT around so I've been watching CTM. Could be tempted in now the price has broken 60

Final results due on 24th February.

results hit the as expected mark...ctm went down on profit take on day/after but making a rise back today back to 55.25p, appears to have risen 1.75p today. Short term goal 62p barrier needs to be breached for real.

If price remains in 60's then some form of consolidation cannot be ruled out now that results are out and CTM's future path and goal is clearer.

A ggood start to the week, on consolidation news ..

keep well jules99

any idea whats going on?

looked a bit dodgy early on in the morning, plenty of sells etc..