Teleunit Share Discussion Threads

[xenawarriorprincess] 17/7/2006 22:57

Still on the sidelines - luckily - but broker buy of 2.3M today at 4.5p is interesting.

[davebowler] 14/7/2006 11:43

Teleunit sees H1 loss
Teleunit
03 July 2006
Teleunit said Monday that its interim pretax profit will not be realised, and it expects to report a loss of approximately EUR3.6 million for this period.
Click here to find out more!


The company stated a significant shift in the balance of Premium Access Services from mobile to fixed line has shifted the business in the first quarter of 2006 to a lower gross margin.

At a recent board meeting of the Company it was revealed that the management information for the current financial year has been materially inaccurate due to an isolated error in pricing applied to invoices to a major customer.

It became clear that key performance indicators had not been provided to the executive management team in a timely manner, so certain operational issues had not been identified and rectified.

The Board has taken steps to remove certain senior executives following this disclosure, and will be making several additional changes to the senior management team.


Related content
www.totaltele.com
*

[miamisteve] 06/7/2006 14:24

At these levels the upside far outweighs the possible bankruptcy downside.

[gdp1] 06/7/2006 11:26

Dedicating themselves to working out on a limb in new territory (WiMAX), this company has to be a bit of a maverick to begin with. So, a few shenanigans aren't a complete surprise.

Take heart from Teleunit's technology partner list: Italtel, Cisco, IBM and the large customer base already satisfied.

Teleunit will run, or if it stumbles another interested organisation will quickly snap up their groundbreaking efforts (takeover)

[angora7] 03/7/2006 13:55

Wow! I was looking for a good re-entry point, so VERY glad I was out today, and I won't be looking any more; TLU joins my blacklist of companys whose management you can't trust. Comiserations to all holders.

[miamisteve] 03/7/2006 08:49

They try and paint it as invoicing errors, but these kind of discrepencies of a company this size points to southern italian corruption. Money has simply been stolen.

[xenawarriorprincess] 20/6/2006 21:31

I'm still watching......



From Growth Company Investor

Companies: TLU
01/06/2006

Italian telecom services group Teleunit has seen its share price slump by around a third since the turn of the year, weighed down by news that investment in new products and services was impinging upon profitability.

Sure enough April's full year results to December were marked by profits down €400,000 at €5.2m (broker Daniel Stewart forecasts a further fall to €3.7m next year before the trend reverses) and yet there were several positives too. Revenues, for instance, increased 41% to €85.4m, while the group's fledgling mobile content services business – which provides ringtones, games and screensavers – increased its turnover contribution from €200,000 to €3.6m.

A recent deal has seen this business expand beyond Teleunit's traditional Italian base and into Turkey, a market chief executive Francesco Cimica describes as being 'one of the fastest growing markets in Europe with the youngest population.'

Progress hasn't been as smooth for all divisions, however. The group's fixed line telecoms operation has seen sales fall and prospects now seem dependent on uptake of VoIP by business and residential customers. A major investment in network infrastructure, meanwhile, looks set to be usurped by wireless WiMaX technology (for which Teleunit recently secured a test licence covering the Florence region).

With profits anticipated to fall next year before rising to €6.9m in 2007, investors may experience a bumpy ride over the next 18 months. Risk takers only.

Elliott Davis
Market cap: £22.8m
PE Forecast: 16.5
Share price: 12.25p

[davebowler] 24/5/2006 14:57

Teleunit S.p.A
24 May 2006

FOR IMMEDIATE RELEASE 24 May 2006

Teleunit SpA
Awarded test WiMAX licence for Florence region

Teleunit S.p.A., ('Teleunit' or 'the Company'; stock code: TLU), the Italian
telecom services provider, announces that it has been awarded a WiMAX test
licence covering the Florence region in Tuscany, in conjunction with Italtel,
one of the leading companies in the supply of products, solutions and services
for next generation networks over IP, by the Italian Ministry of Communications.

Teleunit will make available its existing wireless local loop (WLL) backbone,
and structure the commercial offering through which the WiMAX and all related
services will be rolled out to end users. Italtel will provide an integrated
WiMAX solution, including its engineering, installation, onsite testing and
technical support services, and additional marketing support to maximise the
WiMAX customer base.

The test licence has been issued free of charge, although any investment
required to ensure the commercial feasibility of WiMAX will be assumed by
Teleunit and Italtel. The test licence has also been issued subject to the
provision of free trial WiMAX services to clients; however, this does not
preclude the possibility of exploiting other associated commercial
opportunities.

Francesco Cimica, Teleunit's Chief Executive Officer, commented:

'This represents an exceptional opportunity for Teleunit to develop a strong
foothold in the WiMAX arena. Our existing WLL infrastructure means that the
WiMAX offering can be rolled out more easily, thereby affording us a competitive
advantage. Initially we will concentrate on technical testing in preparation for
the commercial roll-out of the services.'

- Ends -

Notes to Editors

About Teleunit SpA
Based in Perugia in Central Italy, Teleunit is a telecom services provider to
both business and residential customers throughout Italy. The Company has five
operating divisions: premium access numbers, fixed line, mobile content
services, wireless local loop and wholesale services. Teleunit is focused on
profitable growth through provision of excellent customer service, effective
cost control and an aversion to risk. The Company is looking to expand its
operations selectively in Italy and internationally. Teleunit listed on AIM in
May 2004, the first Italian company to complete a primary listing in London. For
more information, please visit the website,

.

About Italtel SpA
Italtel Group designs, develops and installs solutions for new-generation
integrated multi-service networks (voice/data/video), with cutting-edge products
and a systems integration capacity that offers fixed and mobile
telecommunications operators and Internet Service Providers reliable
infrastructures that are open to networking and flexible in their technological
evolution. Italtel's revenues for 2005 totalled 545.8 million euros; the company
today has around 2,300 employees.

[nilip] 11/4/2006 12:08

Looks like a pretty good rise off the bottom ...

Looks like a pretty good recovery play from here on IMO.

[daz] 10/4/2006 13:29

Had a quick look at these but not too interested. Although revenues and gross profit increased, pre tax profits and EPS decreased as a result of sales costs.

Also note there was a cash OUTFLOW of €11m from operating and investing activities before financing of €20m. They have cash for about a year at that burn rate, although the investment in plant and equipment has probably peaked.

[robert21065] 10/4/2006 13:07

After today's clarifcation, this has to be worth a punt - good growth prospects at value prices - these opportunities do not come along often. The company certianly has the vote from confidence from Roger Whiteoak at Framlington. On a 12 month view this could easily double. any other views aout there?

[m5] 10/4/2006 11:17

Well read the results and cannot see anything that has caused me any major concerns. Trading on a PE of 8.6 with a NAV of around 14p. We knew investment and roll out would affect the bottom line but the future looks positive and on that basis I have bought in this morning.

[salpara111] 05/4/2006 11:35

Well, I topped up at 14 having had a small holding since about 21 last year.
I am unclear what could have gone wrong in that if there had been a material event that would have a material effect on profitability they would have been obliged to declare it as soon as it was quantifiable which usually means within a week of it happening.
Clearly they may fall short of profit targets but the current price can easily support quite a decent fall in profits.
It is a fact of life that when you invest in really small cap companies you have to accept that share price movements are much more dramatic and often with little basis.
Private investors flock to these type of companies for that very reason, obviously hoping to catch a stock on a big upswing rather than a downleg.
Two things give me relative confidence which allowed me to add to my holding.
1. the payment of a maiden dividend and
2. a small share buyback.
If the company had any issues with cashflow they would never have undertaken either action as there was no market expectation to satisfy.
The most important thing I have learnt when investing in small cap companies is to be very careful with any company which is not cashflow positive and TLU have been so for a while and the 2 actions listed above suggest that there is no problem in that area.

[m5] 04/4/2006 14:37

Agreed.Something is not right.

[angora7] 04/4/2006 13:40

m5, results out next monday, so maybe better to wait till then and see.

[m5] 04/4/2006 12:03

Strange, but somebody wants out of this stock, been some fairly heavy trades at quite a discount. Hmmmmmmmm, someone always knows something and it does not look good. I was tempted to buy but will leave it now.

[vickenk] 04/4/2006 11:02

ok, I am lost for words on this one.
Company valued at £23m.....profit after tax will be around £3m. Just entered new market. Number of users going up. Paying dividends. Is all this outweighed by the fact that its an Italian company?

[maggiori] 03/4/2006 16:23

CFO Appointment

RNS Number:8269A
Teleunit S.p.A
03 April 2006

Teleunit SpA
Appointment of Chief Financial Officer


Teleunit S.p.A. ("Teleunit" or "the Company"), the provider of fixed line
telephony, wireless broadband, wholesale services, mobile content and premium
access numbers throughout Italy, is pleased to announce that Silvio Arienti has
been appointed Chief Financial Officer and joins the Company with immediate
effect.

Silvio, aged 35, trained as an auditor with Ernst & Young International S.A. in
Buenos Aires. He returned to Milan to work with Deloitte S.p.A, where he worked
on audit assignments for a number of leading Italian companies, including the
Edison Group, Bull Italy, Telepiu and an Italian subsidiary of Eridania
Beghin-Say.

Immediately prior to joining Teleunit, Silvio worked for seven years as the
finance manager for Konica Minolta, where he lead a team of seven and oversaw
the merger of the Group. Silvio has extensive experience in all aspects of
financial planning and control and is fully conversant with international
accounting standards.

Commenting on his appointment, Francesco Cimica, CEO of Teleunit, said:

"The Board is delighted to welcome Silvio to Teleunit. He will play a key role
in managing the profitable growth of the Company and his considerable
international experience will be a great asset to Teleunit in its planned
expansion outside of Italy."



Notice of Results

Teleunit also advises that it will be announcing its Preliminary Results for the
year ended 31 December 2005 on Monday 10 April 2006.


- ENDS -



About Teleunit SpA

Based in Perugia in Central Italy, Teleunit is a telecommunications services
provider to both business and residential customers throughout Italy. The
Company has five operating divisions: premium access numbers, fixed line, mobile
content services, wireless local loop and wholesale services. Teleunit is
focused on profitable growth through provision of excellent customer service,
effective cost control and an aversion to risk. The Company is looking to expand
its operations selectively in Italy and internationally. Teleunit listed on AIM
in May 2004, the first Italian company to complete a primary listing in London.
For more information, please visit the investor relations website,
ir.teleunit.it.



For further information, please contact:

Teleunit S.p.A.
Francesco Cimica, Chief Executive Tel: [phone]

Daniel Stewart
Tom Jenkins/Ruari McGirr Tel: [phone]
[e-mail]

Media enquiries:
Abchurch
Heather Salmond/Chris Lane Tel: [phone]
[e-mail]




This information is provided by RNS
The company news service from the London Stock Exchange
END

[nilip] 30/3/2006 12:27

RNS Number:6721A
Teleunit S.p.A
30 March 2006

Press Release 30 March 2006


Teleunit S.p.A.



("Teleunit S.p.A" or "the Company")



Update re: Turkish expansion



Teleunit S.p.A. ("Teleunit" or "the Company"), the provider of fixed line
telephony, wireless broadband, wholesale services, mobile content and premium
access numbers throughout Italy, announces the launch of its Turkish mobile
content operations.


On March 27th 2006, the Company's Turkish subsidiary, "Teleunit Iletisim
Hizmetleri ve Ticaret Sti" (Teleunit Telecommunications Services and Trading
Ltd), began advertising its mobile content services on a number of national
media channels under the brand name 'Dito Mito 3055' and, as a result, has
succeeded in acquiring its first customers.



In late February, the Company signed a partnership agreement with a leading
mobile operator in Turkey which gives Teleunit access to both their mobile
network and their customer base in exchange for a share of revenues generated by
the service. All technical solutions, from service connectivity to content
aggregation and provision, will be managed by The Content Zone Ltd. ("TCZ"),
Teleunit's exclusive UK-based partner. TCZ has recruited a new Turkish
coordinator to further cement the relationships with Teleunit's Turkish
partners.



Teleunit's experience in the mobile content market and its innovative
subscription-based business model, coupled with Turkey's demographics, make this
a market with significant growth potential for the Company.


Francesco Cimica, CEO of Teleunit SpA, commented:

"We believe we are in a position to become Turkey's leading provider of mobile
content services. Our expansion into Turkey represents Teleunit's first step
towards becoming a truly international company and we hope that success in this
new market will lay the ground for further international initiatives."

[gb679] 23/3/2006 12:34

we have a 50000 T trade buy,I guess the Turkey launch will be soon.

[Abuse team] 21/3/2006 14:57

Post removed by ADVFN

[gb679] 21/3/2006 14:55

now we have a market x 118000 trade.There used to be a thread that considered that a market x was usually followed by a price rise....lets hope its true.(Market x has a matched buyer and seller).