Project Telecom Share Discussion Threads

[abcl] 29/4/2003 21:37

Twigden,
Thanks for the comments and I think you're right. Probabley it is going to be a while before we see any real improvement. Personally I will hold PJT till end of the year.

Good luck

[twigden] 29/4/2003 16:43

Abcl

Delayed sell or massive overhang from last week.

Regards

Twigden

[abcl] 28/4/2003 16:24

With all these buys I was expecting the price at least stays put, but instead it is going south. Any logical explanation please?

[destiny1] 28/4/2003 13:02

BUY INTO MEZ NOW, BID COMING VERY SOON.

[abcl] 28/4/2003 08:04

From Telegraph


Hang on to Project Telecom

As long-time fans of Project Telecom, which we tipped again in January at 74p, we are sad to report that a profit warning last week knocked the shares for six.

The company has been hit not just by an increasingly difficult trading environment, but also by a Competition Commission decision to cut charges levied by mobile network operators for accepting calls from fixed lines and other mobile networks. As a result, the operators have cut payments to resellers such as Project Telecom.

Profits from continuing operations are now expected to be similar to last year's £10.2m. We believe, however, that the company's strong management team will respond rapidly by cutting costs while not neglecting high service standards or the drive to grow market share.

With the share price languishing at 39.5p, readers should keep on buying.

[iglet] 27/4/2003 20:38

Dina - Yes - tipped in Telegraph as still worth buying

[dina] 27/4/2003 17:42

Tipped in the Sunday Papers??

[pugugly] 25/4/2003 17:28

What needs to be asked is "Is the business model still valid?"
If not - will keep on falling - Especially if lots of debt to be serviced

[starsiva6] 25/4/2003 14:14

Project Telecom PLC said it is well positioned for further
strong growth after it raised full year to end-Dec 2002 pretax profit 26 pct to
12.5 mln stg from 9.9 mln a year earlier.
Turnover for the year fell to 315.3 mln stg from 329.9 mln reflecting the
closure of the retail services division. This closure was achieved at less than
half the cost earlier anticipated. Turnover from continuing operations was up 46
pct to 130.2 mln stg from 89 mln.
The board recommended a final dividend of 0.48 pence for a total dividend of
0.78 pence, up from 0.65.
In the year under review, the corporate services division achieved strong
organic growth in a challenging market environment

[destiny1] 25/4/2003 11:09

GET INTO PCM NOW, RETRACEMENT COMING.

[abcl] 25/4/2003 08:18

Should be an interesting day for PJT.

[gumberr] 25/4/2003 00:12

Even though some people think it has fallen too much well it appears to be falling even more - good points by Little Beaker and keeplosingman -agree with you guys !!! remember when Kingston Communications fell with similar statement it kept falling!!

[keeplosingman] 25/4/2003 00:00

I am afraid the buying freenzy is just because it has dropped in value signficantly today. Be careful. Never catch a falling knife is always better retrospectively! The outlook did not appear to be too bad but when you look at other companies that have come out with what is almost a warning, their fall has been more severe that what has happend to PJT. I guess it will fall below 40p before it starts to climg again. I suppose I know nothing really or do I? You should consider selling rather than buying for now altenatively, put it on yourwatch list.

[blondviking] 24/4/2003 17:18

Is there any significance in that the trading statement was made by Simon Bloomfield Partner, Bankside Consultants and not by someone on the Board?

[paulkent] 24/4/2003 17:06

why is it packs of shorters only turn up like vultures once the things injured!!!!!

[donnydave] 24/4/2003 14:06

ASC UP 12.5% STILL A STEAL MBO 10P
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[the explorer] 24/4/2003 13:57

If you wanted to short this then you should have been in yesterday!

[abcl] 24/4/2003 13:46

IMHO 50+ by the end of the day.

Good luck all

[halfpenny] 24/4/2003 13:40

look guys this one is to drop further to less than 20p.....

BELOW 20 p to come very sooonnnnn.... risky

[issie] 24/4/2003 13:38

ult loks a safer bet have a look!!!!!

[smraynot] 24/4/2003 13:15

25p is realistic before IT MAY recover!!Watch for large selling p.m.Cs. is your better bet.

[little beaker] 24/4/2003 11:57

It dropped so much because it has a alarmingly huge mountain of debt with weaker cashflow to service it.

Worth around 30p after this statement, strong sell.