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.

Nordcaperen,

Could this be what you were talking about.

RNS, re Aberforth Partners LLP.

Increased holding from 27,234,861 shares to 51,819,930, almost a doubling of shares held. Not an insignificant amount of increase which crosses the 10% threshold.

Lets just hope there is something solid behind the buy, and they don't just hold for the short term.

Not that happy when 10% of a company is held by any single organisation, even if the holding is split between 4 independent institutions. But on the surface it does look positive.

Also....Just noticed a trade of 3,150,000 went through at 1020hrs but was only reported at 1 minute before close.
Looking at the prices around that time it looks like a buy.
Something in the wind, or just the usual fun and games.

Greekman, on the 9th June Aberforth Partners held 58.8 million shares so somewhere along the line they disposed of some 27 million and now repurchased most of them back. I never saw any RNS showing the disposal though.

Optomistic,

Can't find anything re disposal by Aberforth Partners either.
Not doubting you, just wondering where you found the info.

regards Greek.

Greekman,
Holding figures from the KCOM website, the 'major shareholders' list was way out of date so I emailed them and asked for it to be updated which they duly did but only up to the 9th June.
opto

Optomistic,

Sorry to be a pain but can't find it on the KC site (a bit technophobic). I even put Major Shareholders into the search box with no result.
Can you assist as if what you say is correct, KC should have put out a RNS, and as they did not I intend to report them to the LSE. But obviously to do so I need to find it on their web site.
Could you possibly paste the link.

Greek

Greekman,
I can't get the page link to work so the progression to the Major Shareholders is:

Investor center
Company profile
Share composition
Major shareholders

It is well buried away.
btw. Aberforth was shown as holding 27.2 million 5.2% on the 31 May 2007 (the previous update)

....one or two small edits on the way here:-)

Greekman -

http://www.kcom.com/investorcentre/companyprofile/sharecomposition/major_shareholders.asp

skinny/Greekman, I could paste the link when using IE 7 but am now on Firefox and it wouldn't do it, Firefox is quicker than IE. It is new to me so maybe I will find a way to paste links soon.

Optomistic - can't you post it through the MAM interface - Insert a link to a webpage?

skinny, I usually just right clk and select properties, then c&p the url.
Properties doesn't come up in the box on Firefox. I'll sort it eventually :-)

Optomistic,

Found it via Skinny's link, (thanks Skinny) as you say well hidden.
I have sent the following e-mail to KC and will post any reply.

Yesterday 01.09.09 an RNS was released stating that Aberforth Partners LLP had increased their holdings from 27,234,861 to 51,819,930 which crossed the 10% threshold. As the KC website states that on 9th June 2009 Aberforth Partners holdings were 58,825,080 a threshold of 11% it appears that no RNS was released when their holdings were reduced to 27,234,861 from 58,825,080.
Before I consider taking this further with the LSE I would like to give your company the opportunity to explain the lack of an RNS re the reduction

As KC have not had the decency to reply to my e-mail, today I informed the LSE of the lack of an RNS when Aberforth reduced their holdings by almost the same amount as when they increased them.
Is it a case of releasing an RNS on good news but not so on bad?
I will post any result.

O2 linked to fixed line purchase.
KC in the frame?

http://www.mobilenewscwp.co.uk/News/316648/o2_linked_to_fixed_line_purchase.html

Kingston Communications current market cap value is 143.36 million, so if the articles figures are correct that the purchase value is around 400 million, then it looks like we might get somewhere near 80p a share.

No doubt if there is any substance in the article we should see the sp start to move sooner than later.

Sell of 8,000,000 just gone through. Not huge but not a good sign.

Fair rise recently - can't find any obvious news or rumour!

All I am putting it down to is the rumor re link with O2

Greekman - I'm not having a good day - I totally missed your post 383 above!

No prob. Hope you don't start having as many 'grey' moments as I do.

It would seem that O2 have money to spend, as they considered a 3.5bill, take over of T mobile. I see Orange got there first. Has any figure been put about with this deal with Kingston?

Balerboy,

See my post of 9th Sept, which put a value on KC of 80p per share, although since then I have found another article (mobile net) of the same date that states O2 is expected to announce the move next week. It is now 13 days since the article, so we can perhaps draw our own conclusions.
Is this yet another smoke and mirrors.
But could this cause more presure on KC to do a deal.

Ofcom and FibreStream Hope to Open New Broadband Services in Hull UK

http://www.ispreview.co.uk/story/2009/09/21/ofcom-and-fibrestream-hope-to-open-new-broadband-services-in-hull-uk.html