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CITE Ls 2x Citi

2.5401
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Ls 2x Citi LSE:CITE London Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 2.5401 - 0 00:00:00

Ls 2x Citi Discussion Threads

Showing 26 to 48 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
18/10/2007
10:49
prezzy, if you are happy with your 'investment' then don't worry but BB's exist so people can express views either way. In the end you have to make your own decision and live with the consequences. At least that is what I do.

But one thing is very clear, this company is facing some serious challenges and could easily collapse like so many others have done in the very same position.

redd
18/10/2007
10:45
prezzy.....not sure they necessarily have cash to see them through to profitability.

Suspect people arrive on to a board without a position because they may be considering one, whether long or short.Beggars belief that somebody could be so conceited to think an open forum like this should only be for those with a position!

argy2
18/10/2007
10:37
bought some more, they have cash to see them through to profitablilty, look at some of the majors they've signed up. A gift of a price when you look at how similar co VYKE has taken off.

edit: judging by the buys, plenty of other people see this price a steal.

Redd, never have understood why people arrive on a board yet have no position, is life really that boring for you??

prezzy
18/10/2007
10:35
Redd ........have you never seen internal power struggles.Who say,s it was his strategy that is surfacing now?

Why would you bother sealing all these deals if your going bust?

Wake up man they are fighting for survival but they are looking leaner and meaner.

Someone,s pushing buttons here.


I,m in for the recovery....or out of pocket if not.

Come back and gloat if i,m wrong.

c1ty whispers
18/10/2007
10:34
Hello Mark30! Please tell them all the other threads I post on because you and I both know it is really only HCEG, and look what happened there, and occasionally TEO, ditto!

If you think that CITE is a good investment then state your case. I look forward to your analysis!

redd
18/10/2007
10:21
So they got rid of the CEO just as his strategy was beginning to pay off? How strange!
redd
18/10/2007
10:15
I agree Redd the company has been failing on the Sales side and ultimately someone has to pay the price.After all who owns the company....is it the CEO or the shareholders?

You got to admit that sales are now coming in faster and gaining momentum.

Time will tell.

c1ty whispers
18/10/2007
10:12
Citel "hold"

Wednesday, September 19, 2007 5:58:45 AM ET
Panmure Gordon & Co

LONDON, September 19 (newratings.com) - Analyst Nick James of Panmure Gordon maintains his "hold" rating on Citel Plc (ticker: Q9B). The target price is set to 56p.

In a research note published this morning, the analyst mentions that the company has entered into a new supply agreement with a tier 2/3 carrier located in Central America and the Caribbean. The new agreement would be immediately accretive to Citel's revenues by more than $275,000, the analyst adds. The company seems to be gaining additional momentum from the refocused strategy and should generate robust sales in TVA during F1H, Panmure Gordon adds.

c1ty whispers
18/10/2007
10:10
19 Sep 2007


Citel signs deal with 'leading' carrier to supply VoIP migration equipment
LONDON (Thomson Financial) - Internet-telephony company Citel PLC said it has signed a deal with an unnamed 'leading' carrier to supply VoIP (Voice over Internet Protocol) migration equipment in the Caribbean and Central America.

The deal includes an initial stocking order for over 3,000 ports of Portico Telephone VoIP Adapters for a total amount of over 275,000 usd to be delivered this month, the company said.

c1ty whispers
18/10/2007
10:09
c1ty whispers, do you think every failing company should get rid of its CEO to save money or does it mean their strategy and execution was at fault?
redd
18/10/2007
10:08
25. September 2007 | 14:04

SIEMENS NEWS
Bytecom Selects Citel as Supplier of Telecommunications Equipment
Citel, the VoIP Migration CompanyTM (LSE AIM:CITE.L), today announced it will supply its PorticoTM Telephone VoIP Adapter (TVATM) and EXTender?/PBXgateway? product suites to Bytecom, Inc., Panama?s leading VoIP and telecommunications applications solutions provider. Using Portico TVA, enterprises of all sizes obtain the feature and cost-savings benefits of a Voice over IP (VoIP) platform utilizing their existing business telephones and wiring infrastructure. The EXTender/PBXgateway product suite allows enterprises to extend the features and functionality of a central PBX to branch offices, Call centers, home-based workers, and mobile devices.

?Bytecom is committed to bring the latest technologies in VoIP and telecommunications to our customers in the most cost effective way possible. That is why we found the relationship with Citel so exciting, because their product Portfolio is In line with our strategy,? said Angel Carrion, chief executive officer, Bytecom. ?Citel?s Portico TVA and EXTender/PBXgateway solutions complement our conservation philosophy perfectly. We are thrilled to partner with Citel to enhance our voice communication offerings to Panamanian service providers and enterprise markets.?

Bytecom recently placed an initial order of Citel equipment, which is already being evaluated by some of the largest enterprises in Panama.

c1ty whispers
18/10/2007
10:04
Buys are coming in nice and steady...shame they take more than hour to post trades.
c1ty whispers
18/10/2007
09:50
Director may have left but in all fairness he was probally culled as they have stated staffing levels are being reduced by 30%.

Is this a bad thing............on the contrary.cash is tight but the products are good.They are restructuring and have informed the market of it,s position.

Sometimes you have to present a situation as being worse than it is to sack a few and get away with it.

Sales in US are on the up which makes me Wonder if any orders have been held back.


Worth a small punt ........IMHO.

c1ty whispers
18/10/2007
09:40
The company said sales of its key TVA product have shown strong growth and now represent about a quarter of total turnover.

Citel said as at Sept 30, it had 2.3 mln usd cash which, together with credit facilities and reduced cost levels, should support the current business plan through to profitability.

Interim CEO Jose David added, 'Our strategy to focus on direct selling and tier 2/3 carriers is driving more immediate revenues and progress has been encouraging. We remain confident in the strength of Citel's market position.'

c1ty whispers
18/10/2007
09:00
A quick bit of research shows that the $2.3m cash is only half of what it was 31 March 2007 so at that rate it will be gone by the end of next March (their year end). The share price will no doubt be lower too. So, they will need more cash. Either a rights issue, but doubtful the shareholders will have the stomach for it by then, or a placing, if they can find someone, at a significantly lower price than now.

This looks like another case of a lossmaking tiddler that should never have made it to the market. No doubt Panmure Gordon, their nomad, has made good money from them so far and it is interesting to note they had a 100p target earlier this year. Currently it has been reduced to 40p but I wonder how much lower the next one will be?

It was certainly a bad sign when the CEO departed 1 October.

This is not for widows and orphans! Dyor.

redd
18/10/2007
08:54
problems with firewall at work today!!

A nice steady rise back will do, a big move will attract daytraders. Agree this looks a good little tiddler and the markdown is a farce. Will buy some more at dinnertime when i can use another comp not firewalled. Good luck guys.

prezzy
18/10/2007
08:26
Panmures on the bid, good as it was them i was told took the line of stock. Spread at last closed so may see some decent buying.
bigbobjoylove
18/10/2007
08:17
Well they floated a year ago at 95p and went to nearly 120p on first day. Looks like a case of the market forgetting the stock, they've no debt, have some world leading technology and cash in the bank. Was thinking of punting these but i may stay in as this could have along way to go. Looks a no brainer for a bounce back to at least 25p for starters.
bigbobjoylove
18/10/2007
07:58
if Panmure Gordon has them fair value at 40p and they 15p should they have them as a strong buy
moggey1970
18/10/2007
06:42
"a sudden plunge in the shares of telephony tiddler Citel had dealers perplexed. The shares which had fallen 3 pence earlier in the day following a trading statement suddenly fell 75% before bargain hunters moved in. Panmure Gordon has a fair value price of 40 pence on the stock against a current price of just 14 1/2 pence and maintains its 'hold' recommendation".
scary hunt
17/10/2007
17:59
Should be moving back quick tomorrow as well:

Citel was also a notable faller, off 22-1/2 pence at 14-1/2 after the group said it is unlikely to meet full year market forecasts, prompting Panmure Gordon to lower its target price on the stock to 40 pence from 56 pence, while keeping its 'hold' rating on the internet-telephony provider.
In a trading update published today, Citel said its full year results warning was prompted by the difficulty in predicting the timing of benefits of its selling efforts.
Panmure Gordon noted that while traction has been demonstrated with Citel's Portico Telephone VoIP Adapter product in the first half, revenue came in behind its expectations.



I'll have 50000 in the morning, ridiculous markdown!!!

prezzy
17/10/2007
17:59
prezzy, it was very clearly a warning hence the not surprising share price collapse! To say otherwise is ignoring the truth! Clearly the business is not going to plan and to say the MM's dropped the price 'to create a market' simply beggars belief! Why not push the price up to show a positive outlook? Simple, because with that announcement there would be plenty queuing to sell!

Profit warnings come in 3's! This has bust written all over it!

redd
17/10/2007
17:54
I think you're spot on Prezzy, i have worked for many years in mm firms and associates. Very rarely but now and again MMs will create a market by dropping a stock - and usually significantly to start trading - exactly what has happened here. No position but as it was the days biggest faller thought i'd look in!

similar but not quite the same below, basically a MM needs business to make money and as the previous poster states trading only started once the shares were pulled down.


The Flush Move is a simple tactic used by market makers to scare the hell out of traders. Market makers drop the price of a stock by 5% - 10% in a quick and decisive move by simply pulling their bids and selling to the remaining bids to a pre-planned point. One would think this would cost a lot of money, but it costs very little. A market maker may only have to sell 5,000 shares to drop a 30p stock by 3p. This does 2 things, it takes out the traders stops and it creates panic selling. If a trader is upside down on a stock or sideways with a limit stop order it will guarantee a loss. It allows market makers to buy the stock at a much lower price when the panic sets in and traders start dumping. The same market makers who created the panic are now buying your shares back at a lower price and laughing all the way to the bank.

dontyo
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