||EPS - Basic
||Market Cap (m)
|Fixed Line Telecommunications
Real-Time news about Spectrum (London Stock Exchange): 0 recent articles
|outsider: for me a pe of about 5 should be about right reflecting debt etc, so for me a double in share price from here to about 12p is fair. results in 11 days.|
|battlebus: Been a holder for years and have every faith in the management .After speaking to several of them after agm's at which i have put several questions from the floor even over my dismay at the loss of the BAA contract and the crazy share price.. I have to say that each time my fears have been allayed and for them to be as open to a private shareholder shows in my view just how responsible they feel to shareholders. They certainly know that increased debt will reduce the shareprice i have stressed this to them on several occasions but without growth the shareprice will remain low and entering a new area like marine reduces the effects that the expected slowdown in airport internet terminals and payphones will have. Debt is still expected to fall this year but we should reap the rewards several years from now. Another aquistion is in the pipeline which will lead to more volatility in shareprice and has caused a largeholder to sell out bringing the shares down 50% from 10p. Unless you are prepared to hold long term this share is not for you. I hold a hell of a lot of shares that i have bought as low as 3p and as high as 30p and the debt is a worry but i have every faith in the management to hold. I support their view that to stand still and repay debt would not benefit the company long term and that when opportunities appear at the right price we must take them.|
|battlebus: Hi Outsider just got back in and guess what results a day early! Quick read and i'm very pleased.Interactive now counts for 42% of the business and possibly more than 50% buy year end. I think we'll find that to be underestimated. Net debt up buy 0.8million but only to be expected with the wi fi roll out.Wifi growing every month and with Premier inns and the contract at Heathrow 5 the next few years look great.Only downside for me is that dividends won't happen this year but let's hope the share price makes up for that.Wonder how many desks had to move for security reasons and how many are back online? Anyhow a great improvement on 12 months ago, still very happy to hold.|
|outsider: Eiffel, honest answer is, I would have sold or top sliced if I thought fully or fair value for now.
The stock does seem genuinely short for mm's, no one appears to be selling in quantity.....why?
Well I guess most of us now, can see a long long long recovery, I say that because they have the security of many long term deals, in some cases upto 2014.
The snag is the share will hibernate at times & then just spring to life at times, it's just how the more illiquid small caps go, but at the end of the day small companies are proven over time to be better performers than their larger counterparts and furthermore very much under researched.
Not really a stock for trading, but if you have patience, then could be an excellent LTBH, they have made 15% of turnover pre-tax in the past with heavy interest payments, which co-incidently have fallen sharply due to rapid debt payback (from 1m to 400k) and state publicly that the interactive side is a "consistently growing business is demonstrating healthy gross margins and profitability."
The results are in March and T5 is opening in March, if they could get to 30m turnover (in the not too distant future) and make 15% still, that would be 4.5m pre-tax and 11.0p eps (20% tax charge).....go for a more conservative say 2.8m and your looking at 4 times the expected profit this year of 2p eps. Should be on a p/e of about 12....so even on this years profit the share price should be 24p.....(96p if they make 2.8m in near future) .and with new contracts & services that (the 2p eps) may well be beaten, we know for fact the first 4 months have been trading above expectation, since that statement, we had had nothing but contract wins & good news.....so it's fair to say we have a good chance of further gains.
Of course things can go wrong, Spectrum has debt as mentioned, and of course like all companies carries some risk, but to my mind, long contracts, high profitablity, and finally sorting out the loss making payphones, suggests Spectrum has much further to run.
All my own opinion DYOR and don't invest more than you can afford to lose!!|
|outsider: Catching up after being in a province in Asia over the holidays, good to see Airport strikes called off, they probably prompted the share price fall, but as of yet no recovery>>>>>>>>>>..FT ..>>>>
UK airport strike called off
By John Willman, Business Editor
Published: January 1 2008 13:01 | Last updated: January 1 2008 13:01
A 24-hour strike planned for Monday at the UK's largest airports has been called off after BAA, which operates the airports, reached agreement with the unions over negotiations on its plan to close the final salary pension scheme to new members.
The strike was the first of three planned for this month by 5,000 staff, including essential safety personnel, at Heathrow, Gatwick, Stansted, Southampton, Glasgow, Edinburgh and Aberdeen airports.
Following last-ditch talks on New Year's Eve, the unions called off Monday's walk-out by firefighters, security, maintenance, administrative and clerical staff which was expected to lead to the cancellation of all flights at the seven airports.
BAA agreed to withdraw the plan pending three months of negotiations with the unions over the future of its pension scheme.
If the agreement reached between the two sides is endorsed by meetings of union representatives, the other two strikes will also be called off. The second, again for 24 hours, was scheduled for January 14, followed by a 48-hour strike on January 17.
Both sides will meet again on Friday.|
|outsider: The above is an RNS btw, but not showing on the share price monitor.|
|battlebus: Hi Outsider looks like my faith in the co will be rewarded.As far as i see this is now a recovery stock and extremely cheap at these prices.The market has as ever prices towards the future just as they did when profits were tumbling the market will take a view that profits will return and thus have marked the price up today.I have no doubt the interims in March will be bad compared to previous years but in my opinion a recovery has already begun and the share price will reflect this.|
|outsider: Spectrum Interactive PLC
26 November 2007
Spectrum Interactive plc (SIN:LN), the public internet and payphone operator,
will hold its Annual General Meeting today at 12pm at Citigate Dewe Rogerson, 3
London Wall Buildings, London, EC2M 5SY. Lord Young of Graffham, Chairman of
Spectrum, will make the following statement to shareholders:
Welcome to the third AGM of Spectrum Interactive plc since our flotation in
April 2005. I am pleased to report that trading in the first four months of
the 2007-8 financial year has been above market expectations. In particular,
our WiFi business is performing very well. In the period from June to October
2007 we have installed WiFi services into over 250 hotels, and the roll-out of
WiFi into all UK Travelodge hotels is nearing completion.
As part of our strategy to transform the business into an interactive services
company, we have been steadily decreasing our reliance on payphone income and
since the beginning of 2007 we have de-installed approximately 1,000
under-performing units. This will continue in 2008 although at a slightly
slower rate, enabling us to re-invest the savings into our growing interactive
business. At the same time, on 1 October 2007 we commenced our new advertising
contract with Clear Channel covering all of our street payphones, which has
enhanced the viability of our payphone estate.
We are also in the process of installing internet terminals and payphones into
Heathrow Terminal 5 in readiness for the opening in March 2008.
The outlook for the remainder of the financial year is encouraging. As the
dependency on payphone income further reduces we expect income from interactive
services to become predominant and this consistently growing business is
demonstrating healthy gross margins and profitability.
Finally, as a board, we are acutely aware of the disappointing trading
performance of the business in the last financial year which has been reflected
in the share price. This is a business undergoing radical change, and our
vision for the future is to complete that transformation, produce a successful
long-term growth strategy and deliver shareholder value. We believe we are
well on track to do this.
Lord Young of Graffham
26 November 2007|
|battlebus: Cheers for the new B/BOARD Outsider lets hope Spectrum has entered a new phase also.Been a shareholder here for a number of years but have never lost faith that the new interactive side of the business will turn things around.Hopefully 2008 will show signs of progress.There's no doubt that this is a gowing business the key is in the margins if they hold up so will the share price.|
|outsider: Geez u expect a share price to go directly up straight after investment?
It rarely happens, just watch & wait, fundamentals are strong, they are making money, paying off debt, & all they have said (interepted by a profits warning by some, is that eps will be below 3.72p for the half year, *coughs* share price is 32p.....not factoring in much is it?|
Spectrum Interactive share price data is direct from the London Stock Exchange