.

Online I am currently being offered mid price for a dummy sell of 30,000 shares, a tick up soon methinks :)

Cheers,
PM

Yes Paul one just went through for a 100K sell at mid price.

Moving up this afternoon I think too.

Some good information for newcomers and you can trust unionhall in my opinion !


unionhall - 29 Jul'05 - 15:38 - 14754 of 19109 edit


Folks,

I've just had a good discussion with Kevin McGovern.

First of all the company are surprised and disappointed by the market reaction to the Statement. It had been reviewed by the usual advisors etc and noone had foreseen the reaction.

Financials first -

He is very clear on the top line, gross margin has some wiggle room in case of the audit throwing up adjustments and the bottom line PBT which they refer to as market expectation is the 1.1m and again they are conservative to ensure they meet this target.

The significant investment spoken of is not capitalised but expensed in getting to the 1.1m PBT target.

Working Capital issue is arising simply from the business growth and the differing terms to debtors and creditors.

It will be dealt with if possible in line with any acquisition in the six months to December.

They are acutely aware of shareholder value and are looking at the various funding options.


They are not planning growing the Wholesale element of their business further but this is based on current runrates (my estimate approx 22-24m pa). They believe they have achieved the level at which they can retain adequate margins etc.

Acquisitions if they happen will be on the Retail side and they are talking to a number of targets at the moment as the RNS mentions.

The VOIP confusion is around inward vs outward traffic. They have appropriate VOIP infrastructure for outgoing international calls but are building for a cost-effective full UK coverage to BT etc when BT's 21st Century Network comes on line. (Cardiff will be first city in March 2006 with full roll-out by 2008)

To help investors understand this he is hoping to put some slides on the website.

The company are happy with the CCR roll-out but being a conservative he mentioned it is still in its infancy so impossible to trend at this stage.

"The company are happy with the CCR roll-out but being a conservative he mentioned it is still in its infancy so impossible to trend at this stage. "

That's alarming bearing in mind that EVS say that the callng card maket is volatile and they will not expandin that area. It was from that area that their growth came from. So waht is it now? - No growth?

What on earth has that got to do with the sentence you quoted?

Do not worry just Haystack at his pathetic deramping efforts.

Haystack 1/10 on that one.

Corporate Synergy 9th Sept forecast revenue increase to 32 million for the new year, up 50% from the 23 million or so to be reported soon. Growth in all the retail side, its impossible to trend, that is likely due to exponential growth at start up, they have to wait until after the initial surge to trend how growth will be.

Cheaper Call Rate (www.cheapercallrate.com) is a retail international calling
product that delivers higher margins whilst continuing to utilise the Seven
Telecom Network asset more efficiently. It also uses most of the existing
back-office infrastructure that has been developed over the last two years. I am
delighted to report that the product launched successfully on 28 February 2005,
and looks set to deliver our expectations in the second half of this year,
moving through to strong profitability in the next financial year.

Nice end to the day with a stream of buys coming in.

Onwards and upwards and have a nice evening everyone !

Will do Papal even if i will be working, although the nights seem to go a bit easier when one of my shares is doing well.
Thanks
DB66

PP Hi,

Yep, a good finish indeed :)

The volume and interest is going to get stronger as we head towards results, and more T traders will be piling in as we get closer, and they will reduce the MM's stock even more, and the price will have to go up, as most are now looking for a boost when the results are announced, and won't be selling beforehand, even on tree shakes.

Cheers,
PM

Here is a good telecom service and cheaper than CCR.

0p/min to USA fixed and mobile. You just pay the 5p connection charge.

Talk all day for for a total of 5p

Bangladesh 0 p/Min
Bulgaria 0 p/Min
Germany 0 p/Min
Poland 0 p/Min
South-Africa 0 p/Min
USA 0 p/Min
Zimbabwe 0 p/Min

Malaysia 1p/Min

http://www.topupnow.co.uk/index2.php

Why does it say 'last poster Haystack' for this thread?

Oh it doesn't now! Just a bug i guess.

H -

Same tune. It's a bit flat now.

Remember DYOR

Same tune and it as fresh as every.

Hi Haystack,

Don't you ever get bored of trying to "de-ramp" Envesta?

Its over valued.

Haystack another evening of wasting space on the thread with your pathetic deramping. Apart from Haystacks nonsense its a very Good Morning To All and looking forward even more to the run in to results.

PP

We are with you on that one.

Remember DYOR

PP HI,

Does haystack give you the needle .... LOL !

Not to worry, all this standing around with everyone pissing on his parade, he'll soon be renamed 'silage' .... LOL !!!!

Cheers,
PM

Hi ann and Paul,

Haystack is an annoyance but the good thing now is he makes people read and research and they should see how undervalued it is when they do that, perhaps that is his plan and he wants the price up !

Poor attempt at a tree shake this morning.

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