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ITU UP 16% IN 2 DAYS (ITU)     

jamboree_uk - 13 Aug 2003 15:49

Orange Blob - 13 Aug 2003 16:02 - 2 of 4

Might get involved tomorrow!
What price are you looking for over a say 3 month timescale?

jamboree_uk - 13 Aug 2003 16:18 - 3 of 4

Well, this is obviously my own opinion but I reckon three months could see the stock at 55-65 but there is a chance that it will go much higher.
Various people have told me that downloads will be THE next big thing, and the most profitable. ITU have already made the outlay so they will now get the 50p for each download that is made.
As they are the only ones who have the 1.00 download flatrate AND the only ones who have a deal with EMI to download the latest songs then I have the feeling that when the main marketing campaign starts in earnest the stock will really move. If you think of what they did in Spain in the first year (60 million downloads) and that in a market whichlags behind the UK greatly in terms of mobile subscription per thousand pop. and has half the pop. of UK then it gives you an idea how big it could be.
Sharesmag. reckons it could go up 5-10 times.........who knows, but Investor Chronicle said two months ago that we should expect explosive growth and this could then be rolled out across Europe...........the sky wouldn really be the limit. I think 55-65 is conservative but prudent.

Orange Blob - 13 Aug 2003 16:31 - 4 of 4

Ok, great, thanks very much for the info.
Had a look at their website. This 50p/download looks like a massive cash generator and has persuaded me to get involved!
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