I brought into this stock on a recommendation following its flotation. Being a relative novice at investing in stocks can anyone explain why a company with such a good track record and is financially sound with no debt see's no improvement in its stock price?


24 November 2004
2ergo Group plc
('2ergo' or the 'Group')

Preliminary Results for the year ending 31 August 2004

2ergo Group plc, which facilitates communication and interaction between
companies and their staff or customers using mobile Internet, SMS, MMS, web and
voice applications (referred to as convergent communications), is pleased to
announce preliminary results for the year ended 31 August 2004.

2004 2003 % change
'000 '000

Turnover 11,171 4,575 +144
Operating profit 619 467 +33
Pre-tax profit 645 453 +42
Basic earnings per share 2.22p 2.12p +5
Adjusted earnings per share 2.22p *1.53p +45
* see note 2 to the preliminary results

> Admission to AIM on 11 March 2004
> Revenue increased 144% to 11.2 million
> Substantial amounts invested, both in the US (349,000) and in personnel
(345,000), to support future growth
> Breakthrough in scalability on the Multiserve Platform sees capacity
grow 1000%+
> Considerable number of new clients signed and new applications launched
> Successful launch of services into the US market with Zobmob.com - over
80,000 registered customers in first two months
> Revenues for the first two months of current financial year
significantly ahead of 2004

Barry Sharples, Joint Managing Directors of 2ergo, commented: 'Through our
continued holistic approach to communications, we are pleased to report over
100% year on year organic growth for the fifth year running. During this time
2ergo has seamlessly made the transition from a private to a public company.
Continued sound investment in infrastructure, personnel and the US, coupled with
being debt free, perfectly positions the Group to continue its controlled growth
and profitable strategy for the foreseeable future.'

this makes no sense,all this good news and no movement.
Bought it in Oct 04 on stronge advise,what is going on?
Any feeling on this one?