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.

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

Kingston Communications Trading Statement





TIDMKCOM

RNS Number : 9258Z
KCom Group PLC
30 September 2009

?
KCOM GROUP PLC (KCOM.L) TRADING UPDATE
KCOM Group PLC ("KCOM") issues the following trading update ahead of its Interim
results for the six months ending 30 September, which will be announced on 24
November 2009. The management team is also holding a briefing for analysts
today, to provide an update on the market opportunity for the managed services
business. No new material information will be disclosed and the presentation
will be available on the company's website at www.kcom.com from 10.30am.
The Board's focus for the current financial year remains the continuing
improvement in the overall quality of the Group's activities, positioning it for
subsequent profitable growth.
The restructure of the Group continues to make good progress and remains on
track to be completed, as planned, in the third quarter of the current financial
year:
This more integrated and tightly focused Group structure is based on two
businesses;
- the first includes our East Yorkshire business and Eclipse Internet
- and, the second comprises those activities that will form a national
managed communications services

business.

We will report in this new format at our interim results.
The previously announced agreement with BT is progressing well. On 1st
September, the management of our network operations transferred successfully
over to BT. As part of these arrangements, 130 KCOM employees transferred to BT
under TUPE on the same day.
Outlook
Group trading remains in line with our expectations. In particular, our net debt
has continued to reduce as a result of improving financial performance, arising
from the actions we have taken. The Board remains confident that the actions
taken so far have strengthened the Group and will deliver an overall improved
financial performance.

As usual not saying a lot, just pop the regular one liner in ....
"Group trading remains in line with our expectations"

As of 18 November, our parent company, KCOM Group PLC will be bringing together Affiniti (its managed communications business) with its B2B telecommunications activities outside of Hull and East Yorkshire, currently operating under the Kingston Communications brand. This new business will be called Kcom.

http://www.kingstoncommunications.com/kcom-changes.asp

Also a brokers note out....Astaire published a note on telephone firm KCOM (KCOM) in advance of the firm's interim statement which said that, though the firm's turnaround was now "well advanced", the expected revenue fall of 8.5% was "unappealing". The broker expects the rate of decline to have slowed from the 10.6% of the first half of 2009, due partly to the economic environment but also to the shift away from marginally profitable businesses, such as equipment enabling (or, "box shifting"). Astaire also expects positive comments from management on contract wins and an improvement of one percentage point on earnings as a result of better product mix. Declining returns from the Hull business are expected to be offset by improving margins and rising returns from the National Managed Communications business. The broker commented that the firm should not be judged too harshly on its first half performance as "this was always likely to be the weaker trading period of the two". Progress on margins, cost control and cash generation "should be evident". It retained its 'buy' stance and target of 45p. KCOM shares rose by 0.75p to 41.75p.

Several decent figures, as seen in the results, but the revenue is as far as I can tell, lower than forecast (over 10%) and the pension deficit is far in excess of the same period last year causing, the reduction in total consolidated equity to 12.2 million (2008: 70.0 million).
Not trying to look for negatives to justify the several posts of late were I stated my opinions re results not beating expectations and the sp not being effected upward.
The results 'are' better than I expected so readily admit to being wrong in that view. I do like the way the debt, which is still huge and will be a stumbling block coupled with the pension fund problem in and takeover move, is being tackled.
A bit too early to tell the markets view with the early tick up.
Of course it's always good for a companies profits to increase, but if revenue continues to decrease there is only so much profit than can be made out of that reduced amount.
Still nothing to jump up and down about.
Probable be wrong again but can't see the sp doing much, except hovering around 42p to 45p for a while.