Gamma is a rapidly growing, technology based, provider of communications services to the UK business market. Gamma’s services, such as Cloud PBX, Inbound Call Control Services and SIP Trunking, are designed to meet the increasingly complex voice, data and mobility requirements of businesses, through the exploitation of its know-how and own intellectual property.

Gamma also provides services such as business-grade broadband, Ethernet and mobile and data services and, as a consequence of its history, has a substantial voice service capability, completing Gamma’s comprehensive range of communication services.

In excess of 80 per cent. of Gamma’s revenues are generated by an extensive network of more than 650 Channel Partners, which Gamma has grown and developed over the last 12 years. This gives Gamma access to a substantial indirect salesforce enabling it to continue expanding rapidly in the UK business market. The remainder of Gamma’s revenues are generated through direct sales into specific market sectors. Gamma has enjoyed strong organic growth since 2006, driven in part by the repeating nature of its revenues.


10 October 2014

Gamma Communications plc

Admission to AIM and first day of dealings


http://www.gamma.co.uk/

Shares - analysts claim that forecasts have been set low for telecom networks business Gamma communications (GAMA:AIM) which could lead to a run of upgrades through 2015.

One of Shares 15 stocks for 2015.

Out competing both large and small rivals for years Gamma Communications (GAMA:AIM) is a telecoms technology rarity growing at a pace that is far out-stripping its peer group. We believe the shares will put up a banner performance in 2015 on a forecast upgrade and re-rating double-whammy. Analysts at Investec have a 295p target price slapped on the stock, but we think the shares could go close to 350p during the next 12 months

Gamma chosen for UK smart meter implementation programme role

Date 05/01/2014

Gamma has been selected by IT and business process services provider CGI to play a key part in the roll-out of smart meters across the UK. Gamma’s next generation communications network will connect energy firms to the Data and Communications Company (DCC), enabling those companies to access the smart metering infrastructure.

Gamma’s element of the project is to provide the back-end communications, based on its own next generation MPLS network. This will allow business systems at gas and electricity suppliers, network operators and energy service companies to access the DCC, which provides access to the smart metering infrastructure.

Gamma is working as a sub-contractor to CGI, who will provide the data systems on behalf of DCC, which is at the heart of the British Smart Metering Implementation Programme. CGI is a global IT and business process services provider with 68,000 professionals delivering high-quality business consulting, systems integration and managed services.

Smart meters are an initiative by the UK Government’s Department for Energy and Climate Change (DECC) aimed at helping consumers better understand their energy usage and help them save energy and money. An in-home display will show near real time energy consumption data and the associated cost – to encourage more efficient energy use.

Smart meters will also give suppliers access to accurate billing data, removing the need to read meters manually. The project will bring an end to estimated billing and allow consumers to make more informed choices of supplier when looking to secure the best energy deals.

The Government plans for every home and small business to have the opportunity to benefit from a smart meter by 2020. The communications infrastructure underpinning the smart meter project will use both wireless and fixed links. With an estimated more than 53 million end points it will be among the largest data networks in Europe.

Richard Bligh, Gamma’s marketing director said the company’s involvement in the smart meter project was further evidence of its ability to supply robust, reliable and value-for-money network solutions. “We were chosen for the project principally because we were able to respond quickly to CGI’s requirement. They clearly saw that they could have confidence in us to deliver what we promised and we are proud to be associated with an innovative, nationwide project that will potentially benefit every household and small business in the country.”

Tara McGeehan, Vice-President Utilities, CGI UK added: “Gamma’s technology is a key part of the communications to the DCC User Gateway and the rollout of the Smart Meter programme which will help to establish a more reliable and secure nationwide electricity supply to consumers. This is a great step towards delivering the DCC solution.”

Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). www.cgi.

Trading Update
RNS
RNS Number : 1844D
Gamma Communications PLC
27 January 2015





27 January 2015

Gamma Communications plc



Post year end trading update



Gamma Communications plc ("Gamma"), a leading, technology based provider of communications services to the UK business market, is pleased to announce a trading update for the year ended 31 December 2014.



Group overview



Following our successful flotation on the Alternative Investment Market in October 2014, we are pleased to report that the Group's Revenue and Adjusted EBITDA* for the year ended 31 December 2014 is slightly ahead of the Board's original expectations. This reflects a strong demand in the business market for Gamma's portfolio of products. This positive performance was principally driven by the following factors:



· Growth in the number of channel partners in our indirect business from 650 to 730

· Significant contract wins in our direct sales business, which focuses on more complex solutions, including Oxford University and Hearst Magazines.

· Continued strong growth in both Gamma SIP Trunks and active seats on Gamma's Cloud PBX services



We have continued to successfully execute our corporate strategy of improving our revenue mix from lower margin traditional voice services to higher margin strategic services such as Cloud PBX, SIP and Inbound call control which have greater know-how and software content. At the same time, we have managed the structural decline in wholesale calls and lines ahead of the negative trend which has been a feature of the market for some years.



Acquisitions and Investments



In November, we finalised a £2.6m deferred consideration payment for our 2012 acquisition of Varidion Ltd, resulting in an aggregate consideration for the business of £3.6m - a 2.2x ebitda multiple. In addition we entered into new leases on two properties in London and Glasgow to cater for the continued expansion of the business.



Just prior to year end, the Group also made an opportunistic, but nonetheless strategic, acquisition of assets to strengthen its position in the growing market for converged fixed & mobile services and will update the market more fully on this at the time of our full year results.



Exceptional items & Share based payments

Exceptional items will be £2.1m, including £1.3m of IPO costs and £0.6m due to the change in the fair value of contingent consideration relating to the Varidion acquisition. Share Based Payment charges will be £3.4m that relate to options issued around the time of the flotation as well as the private company share options that vested as a consequence of the share capital reorganisation on IPO.



Cash



The Group continued to generate strong cash from its trading activities. The closing cash balance for the year was £13.4m compared to £14.6m at the end of the previous year as a consequence of the settlement of the deferred consideration of Varidion, the asset acquisition just prior to the year end and IPO related cash expenses.

The Directors expect to propose a dividend in line with the policy that was stated in the Admission document.



The results for the full year ended 31 December 2014 are expected to be released in late March 2015.



*Note: Adjusted EBITDA is stated before exceptional items and share based payment charges.



Bob Falconer, Chief Executive, commented on the results:



"We are very pleased with the performance of Gamma throughout 2014, the successful flotation on the AIM market in October, and the underpinning trends in the business. As a channel focused business, our growth continues to demonstrate the appetite that new partners have to join us and our existing partners have to work closely with us to take additional services to their customers.



We were also pleased that, for the third year in a row, we were recognised as one of the "The Sunday Times 100 Best Mid Companies to Work For 2015"."

Gamma: Investec shifts target price from 295p to 300p and retains a 'buy' recommendation.

Gamma Communications PLC (GAMA:LSE) set a new 52-week high during today's trading session when it reached 275.00. Over this period, the share price is up 31.71%.

Shares -We explained in the original article that we felt
Investec’s forecasts were on the conservative side
and so it has proved. The stock is already within
touching distance of the broker’s 295p price
target, but there’s scope to move towards the
350p that we reckoned is possible this year.

Annual financial report


Operational highlights


· Good growth in our Channel Partner network, which grew from 627 to 725 Channel Partners

· Positive trend of Channel Partners taking more services continues - 72% of indirect gross profit now comes from Channel Partners taking four or more key services (up from 62% in 2013)

· The number of SIP Trunks increased by 45% from 161,000 to 234,000

· The number of users of Cloud PBX increased by 86% from 43,000 to 80,000

· Good growth on other services; Traditional calls and lines held steady contributing gross margin of £18.8m (£17.9m in 2013)

· Strong revenue and margin growth in direct sales, with wins including BDO, London Stock Exchange, Hearst Magazines, Moore Stephens, Oxford, Bristol, and Ulster Universities. Margin from the direct business has increased by 34% from £11.3m in 2013 to £15.2m

· Strong product pipeline with multi-site data network service due to be launched in June

· Opportunistic but strategic capital investment in fixed/mobile convergence





//////////////////////////////////////////////////////////////////////////////////////////////////

20 Mar Investec 300.00 Buy

New Customer Contract
RNS
RNS Number : 9022O
Gamma Communications PLC
02 June 2015







2 June 2015



Gamma Communications plc



Residential Property Developer Taylor Wimpey agrees managed communications infrastructure service with Gamma



Gamma Communications plc, a leading technology-based provider of communications services to the UK business market, announces it has signed a £3.5m, three year agreement with Taylor Wimpey plc, for a managed communications infrastructure service. Gamma will take over the existing traditional fixed and mobile voice services to all Taylor Wimpey UK locations, and will be migrating these services to Gamma's Cloud-based unified communications service.



Andrew Feldon, IT Director of Taylor Wimpey commented "We evaluated the market for a partner capable of helping us transform our communications estate whilst being sympathetic to the transition and sizeable change program we envisaged this would bring. Gamma showed leading capabilities throughout the whole process and demonstrated the best overall solutions to help us achieve our operational, commercial and business goals. We are delighted to be working with Gamma and look forward to forging a strong partnership with them and delivering the significant benefits this program will bring to our business".



David Macfarlane, Managing Director of Gamma Network Solutions, added: "We are delighted to be selected as Taylor Wimpey's long-term strategic partner for communication services. Gamma's cloud services drive down cost and complexity for organisations whilst improving service availability. We look forward to delivering real business value to Taylor Wimpey".

Award of Framework Agreement
RNS
RNS Number : 5129V
Gamma Communications PLC
10 August 2015



10 August 2015



Gamma Communications plc ("Gamma")



Gamma secures strong position on new Government Framework



Gamma Communications plc, a leading technology-based provider of communications services to the UK market, is pleased to announce that it has been awarded a Government framework agreement, on eight out of the ten possible Lots on the new Crown Commercial Service Network Services agreement (RM1045). The Lots cover all communications services including data, voice, mobile and integrated communications. The agreement replaces the existing and legacy agreements, including PSN Connectivity, PSN Services and Telephony Services.

Bob Falconer, Gamma's CEO, commented "we've grown very successfully in the business and enterprise market, but for too long the public sector market has been limited to a small number of large players. We're delighted to now have the opportunity to bring the benefits of our service and technology to large public sector organisations and we look forward with enthusiasm to competing successfully in this market".

Half yearly report

8 Sep Investec 325.00 Buy

This business delivers attractive returns on equity and has a nice cash rich balance sheet to support further growth – lovely stuff!

New research note at http://tinyurl.com/pgy7xam

An epic fortnight for results and updates from AIM, in which Gamma Communications is also featured.

See more at http://tinyurl.com/ovjm7se

Gamma Communications PLC (GAMA:LSE) set a new 52-week high during today's trading session when it reached 320.00. Over this period, the share price is up 56.10%.

Naked Trader - I also liked the look of Gama Comms (LON:GAMA) - another one that came up late on
at the seminar and which I bought the day after.

Gama is all about internet connections for businesses. What I like especially
are the recent bullish statements coming from the company.
I am also keen on the very nice cash pile it has to perhaps acquire other companies,
any statement to this effect could give it a sudden nice re-rating upwards..

Gamma Communications PLC (GAMA:LSE) set a new 52-week high during today's trading session when it reached 406.25. Over this period, the share price is up 90.14%.

Trading update and board appointment
RNS
RNS Number : 5320G
Gamma Communications PLC
23 November 2015



23 November 2015



Gamma Communications plc



Trading Update

and

Board appointment



Gamma Communications plc ("Gamma"), a leading technology- based provider of communications services to the UK business market, is pleased to give an update on trading and an appointment to the Board.

Trading Update and Exceptional Gain

The business has continued to trade strongly, with particularly encouraging growth in the sales of SIP Trunks and Cloud PBX services from both the Indirect Channel and Direct business units. The Board now anticipates that Group Adjusted EBITDA (which is stated before Share Based Payments and Exceptional Items - including the gain referred to below in relation to "Ladder Pricing") for the year ending 31 December 2015 will be ahead of previous expectations.

In addition to the improvement in trading position, Gamma had previously reported a contingent asset (note 10 in Half Year Results Statement) which related to "Ladder Pricing". Ladder Pricing was a mechanism which was used by fixed line operators to bill other operators for calls to certain 08 numbers. Gamma has been in commercial negotiations for a settlement in regard to its Ladder Pricing policy with the affected operators and these are now approaching a conclusion. The Board expects to receive a cash settlement shortly and hence will recognise an exceptional gain of approximately £5.5m for the year ending 31 December 2015.

Appointment to the Board

Gamma is pleased to announce that Richard Anthony Bligh (aged 54), the Company's Group Marketing Director and Managing Director of Gamma's Direct Mid-Market Channel, will be joining the Board on 1 December 2015 as Chief Operating Officer reporting to Bob Falconer, Chief Executive Officer. Richard has been with Gamma since 2004 and has over twenty years' experience in telecoms in a variety of marketing and business development roles. He currently holds 422,222 Gamma ordinary shares.

Save as disclosed above, there are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.






Bob Falconer, Chief Executive Officer, commented:

"I am very pleased with the continued strong trading of the Company. Our market-leading products are clearly in demand, sales are strong, and we continue to prepare for the launch of our own mobile service in H1 2016. It is also pleasing to be reaching a positive outcome from the Ladder Pricing dispute.

Richard has made a very significant contribution to the successful development of the business for over 11 years; I am delighted he will now bring his considerable knowledge and energy to the Board as COO".

23 Nov Investec 460.00 Buy

Gamma Communications PLC (GAMA:LSE) set a new 52-week high during today's trading session when it reached 465.00. Over this period, the share price is up 85.21%.