Kingston Communications is an established UK communications company. The Group's national business-to-business capabilities encompass the provision of fully integrated and managed network solutions, complemented by the delivery of voice, data and call handling services in the towns and cities served by the Kingston Communications network. This infrastructure comprises twenty-five metropolitan fibre networks and a long distance broadband network, which was initiated for service in May 2001. Kingston's new media activities include the DSL-based interactive television service, KIT, and satellite broadband content, storage and distribution arm, Kingston inmedia. The Group's East Yorkshire network operation has served business and residential customers since 1904.

It is thought that Steve Maine could be in for as much as K760 2*K380 payments the 2nd one payable in 6 months time dependant on him not taking a job beforehand (reported in Business Telegraph) That is not a bad reward for leaving the company. I just hope that I will eventually get a reasonable return for investing my cash in the company. Of course many locals showing large losses in their holdings, bought at flotation, will certainly resent this seemingly astronomical payout.
I have some faith KCOM suceeding in the future but the present management has a lomg way to go to bring back the goodwill of many investors.

We'll find out for sure, hopefully when the results come out, which is soon. (I'm wondering if someone leaked the info from seeing the draft docs.)

Hi LW
I really do think you deserve to be on MoneyAM's paroll you never seem to leave your post, always there with a usefull contribution. On the other hand I'll bet you don't get much value out of your T.V. licence!!!
All the best
optomistic

thanks optomistic - it's OK I just video everything, and watch it later! Just as well I don't need (?) much sleep!

- It's tuesdays tommorrow - Once I leave home I don't have access to the internet until I return really late - and if I leave before market close, I'm too tired when I get in to log in!

Kingston Wins Two-Year 1m Contract with SSL International - for more info go to:
http://www.kcom.com/news/2004/news261.shtml

KCOM is starting to look more interesting again.

Kcom announced 3rd qtr results on the 28 Jan last year and finals 22 May. If similar dates are to be used this year 3rd qtr results are slightly overdue so could be expected any time now.
Look forward to beneficially interesting news re the progress of the company. We are due to some!!!!!!

Two new acheivements released on the Kcom website this week:
Kingston beats B.T. to connect up East Yorks villages to Broadband,
and Cityb@se signs up for Kingston and intY's All-in-one internet and email solution.
Full details on Kingston's website.
This news seems to have been largely ignored by the market as KCOM did finish of the week quietly (for a change) perhaps things would get better if only the new man at the helm would give us some idea of his plans for the companies future and how they are progressing.
Perhaps this is too much to hope for!!

optomistic

Anyone got an explanation for the 'silly' 66p bid 300p offer this morning?

Optomistic - The bid & offer prices you mention have 0519 as the time entered. All the other bid & offer prices were entered later (next one @ 0755, then 0758, 0807, etc)

Often prices are put it at outrageous prices, as the person entering doesn't want to have the order filled, but needs to "balance" other orders! If the other orders go through, these orders usually get pulled.

Obviously of the orders get filled (unlikely) it would make them happy!

LW
Thanks again.
I see that KCOM share price just keeps rambling on with no signs of the 3rd qtr trading update which I thought was due a week or two ago.

They do seem to keep rmbling in a generally up direction recently! How far up will they go? Also keep seeing 'rumours' or comment about them being a good takeover target, anyone know more?

The press keep seculation going - but if you check out the way KCOM is set up, (Check out some of the earlier posts!) you'll find it unlikely to ever happen.

KCOM's major shareholder is Hull Council, who also have a number of councillers who are also directors! So it would also require a major change of policy of the council for there to be any chance of a takeover. It just isn't going to happen.

bignose
Takeover rumours always seem to abound around companies that appear to be dormant. I think they are spread around to try to gee up the management, hope it works here. In the meantine just rumours.

Thanks for that, still, hope the rumours do put a rocket up someone!

KCOM was until recent years extremely profitable. It has had a big expansion program, putting in a solid structure for the future.

It no longer chases "any business", but takes on good quality business and tries to provide a good quality services. Ironically they don't have the financial problems of the other companies in their sector so should have a good future. (The shares have been over 15 only a couple of years ago!)

LW

I used to share your potimisim but I got a heap at 120 2 years ago and they've never looked back, well never got back to there. 15 would be nice but that was .com boom and it's unlikely it'll go that far again. They got themselves heavily into debt and I think that is really holding them back, if they can start to shift it then I'll believe again, until then I'm probably going to jump as soon as I'm back in the black!

bignose, I have some for the long term, but I also have been buying and selling KCOM regulary over the last year, taking several small profits as we have gone along - and done very nicely. (Some in just a few days) I was doing it on using limit orders so I could "catch" really good prices as this share yoyo'd. But it seems to be levelling out a bit, so its a bit slow at the moment.

KCOM has been put out good news pretty much daily - but this one I think is worth posting - (looks like they aren't going to report the 3rd quarter results which they did at the end of January last year!)

News
16 March 2004

Kingston Awarded Contract for Government Broadband Aggregation Project

Fo more info go to: http://www.kcom.com/news/2004/news270.shtml

We have invested in and out of KCOM over the past and always managed a good profit on the cyclical pattern however have recently kept clear of them. I have the unfortunate situation of living in East Yorkshire being dependent on KCOM, for phones, TV & internet. There are not a lot of options when you live within their net as they have the monopoly (BT is not even available) My so called fast broadband internet sevice is slower than many standard ones I have seen and is frequently unavailable or experiencing problems ( a real sod when you want to get on the streaming data). The digital phone system is extremely noisy and difficult to hear and as for KIT, the Interactive TV system the picture is frequently broken and accompanied by sound losses. I sometimes wish we could stil get analogue phones and wireless TV systems (not much good for the real time trading though). How anyone on earth would award KCOM a contract for broadband amazes me, then again it is the government - enough said!

Still maybe I am the unfortunate one and all other KCOM customers are getting excellent service, maybe mine is the only house with poor junction boxes that leak when it rains, and also who says customer satifaction will have any bearing on contracts or SP

Just an opinion, and maybe my experiences are not typical, but I won't be going into KCOM unless they really come down. That's not to say a profit cannot be made - here's waiting till I move house again

Minx
I am amased to hear of your problems as no other such comments have been posted in the past (to my knowledge) are you perhaps an isolated case?
I would be interested as to how KCOM have responded to your problems.
Regards
optomistic