TruSpine Technologies Share Discussion Threads

[barn owl] 07/1/2002 18:18

Chart looks positive with a possible target price of £1.00p inside 12 months.
Thats if the management deliver the goods of course!
However, it's looking good.
Please DYOR.

[donny b] 07/1/2002 17:31

Seems pretty solid at the moment,I wonder if it can break through the 50p barrier tomorrow????

[gedy] 07/1/2002 15:10

The chart posted by DONNY B shows the recent uptrend that I have described in a previous post. I believe that Telspec are on the path to achieving profitability and will start paying dividends in due course. The timescale is an unknown, I am expecting dividends in about 2 years. The final price I base on an expected PE in 2 years time. All I can say is that there will be a further rise over the course of time. We have seen Telspec accused of not “blowing their own trumpet” more than once. The lack of news tends to cause short term holders and those of a nervous disposition to sell, hence we see these little falls in the price. I believe that provide the price stays within the parallel lines on the chart the uptrend will continue until at least 100p level this year.

[donny b] 07/1/2002 10:35

Buy candidate
Has fallen 59% since the peak on 7 Sep 2000 at 119. Is within a rising trend. Continued positive development within the trend channel is indicated. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock further in the short term.

[jonnybray] 07/1/2002 10:11

Gedy,
Another 1p rise. Do you think we will finally see 50p breached?
JB

[gedy] 02/1/2002 16:48

All sells today, even the 1p rise in the price didn't inspire anyone to buy or is there something going on that I don't know about? I checked the Telspec web site today, but there wasn't anything new there.

[jonnybray] 22/12/2001 18:48

Just drifted lower on negative sector sentiment and a very low volume selling - I'd be buying in again if I wasn't boracic.

[drpjst] 22/12/2001 09:40

Just adopting the company's marketing policy - a meaningful silence. We won't put out RNS statements; we'll only put it on our website, and then not always (Kazakhstan). If we do put it on our website then we may not tell you what it's worth (South Africa). However, we are a thoroughly good business with some superb world-leading products. We will just go out and win orders but.... hush, hush, on the QT, and very confidential.

[gurp] 21/12/2001 20:31

come on..... come on......say something.......do something.........have you lost the cards? even no mention of a buying opportunity or tree shaking
for goodness sake somebody say something.....awful silence......

[source] 17/12/2001 11:37

More news? Please go on...

Regards

[jonnybray] 17/12/2001 00:57

Judgement,
I think the point is that they've made two considerable sales in areas of the world hitherto untapped. Also, when each sale is worth 10% of the previous year's revenue, I would say that this is substantial enough to warrant comment from investors - if not from the company via RNS.
Source,
I believe the £5million figure was reached using the Egyptian contract (number of lines/revenue etc) as a model - obviously this may not be absolutely accurate. What I do like is the maintenanace and management side of this contract - nice, steady, predictable income.
At present this company has a market cap of £18m. If the figures are to be believed the last three contracts have been worth at least £27.5m in revenue over four years or so.
JB

[source] 17/12/2001 00:19

Hello all - I was looking at the South Africa Press Release
( )

-but cannot find the 5Million pounds per year value stated in it anywhere - Could someone please explain where this value of the deal comes from?

I also found this portion quite interesting, lets hope they are as aggressive elsewhere around the world in servicing this SME demand!:

"...In addition to expanding line availability, Telspec has also delivered a national network management system, worth around £350,000. Under the management agreement, Telspec, through its South African associate, TDC, will be offering a full operations, maintenance and management service for the existing, 400,000 line pair gain network, as well as full support for the newly installed lines.

Jeff May, Telspec’s Sales and Marketing Director, said: “Like much of the world, South Africa is experiencing a boom in the residential, SME and home working sectors, and these are important target markets for us..."

= Also something else I found quite important is their intention to provide ethernet access products/options too! - does anyone know anything more on this important direction?

Regards

[doctor 69] 16/12/2001 23:30

we are still waiting for more news and broker upgrade most be on cards.

[source] 16/12/2001 13:45

Thanks guys! - any thoughts on their ethernet progress (could be big market to the SME/Home)...

Regards

[drpjst] 16/12/2001 13:02

Working on the basis that 92,500 lines for Egypt were worth £6m, a rough pro-rata calculation gives £20m for the 4-year South African contract. Of course there may be some differences between the two contracts, but £5m per annum is a reasonable ball park figure.

[drpjst] 16/12/2001 13:01

Jonnyb
Sorry; I was typing when you posted.

[drpjst] 16/12/2001 10:59

But now it isn't expected. That's my point.

[judgement] 16/12/2001 10:29

The company has made a sale - what's the big deal?
Remember the good old days, when companies used to sell things all the time? It was actually expected back then :-)

[drpjst] 16/12/2001 08:17

If the information is price-sensitive then it should be published as an RNS statement. The South African order is worth more this year than 10% of last year's revenues, and the order is on-going for four years. The Egyptian order was worth a similar amount for one year.

In the wake of the Egyptian order the price rose from 35.5p to 50.5p before slipping back to 44.5p on Thursday. If the effect of the larger South African order were to have a similar effect then it is not unreasonable to assume a rise in price to 60p - 70p as a result. I think both orders were price-sensitive.

In any case whether or not Telspec is obliged to make an RNS announcement, it would seem sensible for it to do so - especially in a time of global economic downturn and concerns of a strong pound on the exporting capabilities of manufacturing companies. Markets need to be reassured at this time. Telspec should not pass up the opportunity to do so.

[gedy] 15/12/2001 20:37

Telspec (or indeed any other company) is not under any obligation to release information such as new fairly routine orders or contracts via the LSE and RNS. This is a grey area, as of course a succession of new orders which add to the turnover and profits can cause the price to rise to maintain the PE at an "acceptable" level. Buying opertunities arise before that rise takes place. I must rember to check the Telspec web site more regularly, although I have as many Telspec shares as I am likely to buy at the moment.

[drpjst] 15/12/2001 14:55

We're doing our bit!

[jonnybray] 15/12/2001 14:47

Isn't it a shame that Telspec don't consider fairly major contract wins as worthy of an RNS. I do like their self effacing manner, however wouldn't it be nice to spread such good cheer as this a little wider?

[gedy] 15/12/2001 14:35

The South African contract is great news as it includes what every company loves ongoing income from support fees. I am more pleased about this as my earlier comment about the possible growth of business in the Russiain area. The deal in Kazakhstan is being underwritten by the an Export Guarentee, which is essential when dealing with this part of the world. But the South African econmony is much stronger. Seeing the steady build up of profitable orders should give confidence in the future of Telspec for years to come.

[drpjst] 15/12/2001 14:17

Telspec wins contract to supply new TelMax pair gain platform to Telkom South Africa. The contract for 300000 lines is spread over four years and worth about £5m per annum.

[gedy] 12/12/2001 00:57

I think that Russia and the former Soviet states that are now indenpendant suffer from bandwidth shortage as well, although there may not be the demand as there economies are weak.