Contourglobal Share Discussion Threads

[cornelious billy bee] 28/9/2006 15:28

LONDON (AFX) - Glotel PLC said James Baker, managing director of Glotel's
Asia-Pacific region, sold 30,000 shares at 90 pence per share on Feb 10 2006,
bringing his total holding to nil.
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jc

hmmm well timed

[cornelious billy bee] 22/9/2006 02:38

nice one bf i will post reserach as and when. regards cbb

[blank frank] 16/9/2006 21:53

Please note the following new thread which may be of interest:
"Telecom Shares You Should Buy: The Tips League Table"

[cornelious billy bee] 31/8/2006 16:53

3200 shares, hmm that s not many!

[tole] 03/8/2006 09:46

L2 moving up 2v2

[trader2] 05/6/2006 16:21

10:00 Glotel pushes profit margin up

Kate Hanaghan


IT staffing company, Glotel, increased revenues for the year ended 31 March 2006 by 12% to £134m. Net fee income - a key metric for ITSAs (IT staffing agencies) -increased 20% to £27m. The company says the termination of two low margin payroll contracts in the US and Australia was a key factor here. Operating margin increased 80% to £4.4m, pushing the margin up from 2.1% to 3.3%. The effect of IFRS was to reduce pre-tax profit by £200k both in 2006 (£4.0m) and 2005 (£2.4m). Operating cash inflow was £2.2m versus an outflow of £3.0m in the previous year.


Comment: This is a good performance from Glotel, particularly on the profits front. The balance of revenue has shifted very slightly away from EMEA to Asia Pacific (the current proportion now stands at EMEA 43% of revenues, USA 42% and Asia Pacific 15%). Indeed, growth was strongest in the Asia Pacific region, up 41% in the period. North America grew 11%, while EMEA managed 5.85%. Specifically in the UK (which accounted for 34% of revenues in FY06, and 37% of revenues in FY05), growth was 5.0% to £46m. This may well look weak compared with rest of the group, but it is pretty much in-line with the overall growth of the software and IT services industry in the UK. Although we don't know the operating profit for the UK specifically, as a dominant geography within the EMEA region it would be fair to say it heavily influenced margin performance here in FY06. There is quite a noticeable difference in margin performance between EMEA (2.4%) and the other regions (USA = 6.6% and Asia Pacific = 3.9%). Although again we would argue that a margin of approximately 2.4% would not be particularly bad for a UK ITSA. Although the company hints that "there may be some relaxation of margin pressure" in the UK going forward, the bottom is that growth in both sales and profits is being driven by countries outside of the UK.

[lanzarote666] 11/4/2006 18:40

Patiently waiting. I love higher margins.
I understand that the conscensus is PTP £4.3m, eps 7.3p, p/e 11.5 for 3/2006, and PTP £5.4m, eps 9.0p, p/e 9.4p for 3/2007.
Is that cheap for a £34m market cap company?

[tole] 11/4/2006 18:00

Numis has a buy rating and 162p target for Glotel.
Bridgewell reiterates its buy rating for Glotel.

Glotel revenues hit by lost business
Tue, 11th Apr 2006, 08:17

Telecoms and technology recruitment group Glotel said full year profits will be in line with forecasts, though some discontinued business will impact on revenues.

Glotel said that it discontinued two low margin payroll-based accounts in Australia and the USA during the year.

"This has resulted in the second half showing some reduction in revenues against the first, but net fee income has improved with a consequential increase in gross margin as a percentage of sales," said the group.

Glotel added that it finished the year with a positive net cash balance.

The group also noted that it expects to announce a final dividend of 1p per share for the year to March 2006.

[tole] 11/4/2006 08:14

In line and a 1p divi :)

[kdwilson] 07/4/2006 14:57

numbers next week - hold tight!!

[kdwilson] 03/4/2006 15:18

trading update (and upgrades?) and re-rating to north of 100p not too far off now!!

[kdwilson] 29/3/2006 13:30

someone just bought 50k in that delayed trade at 83p!

[kdwilson] 29/3/2006 13:29

i gather than there will be a trading update mid April so we may get the positive news we are looking for to get this going. Id expect the shares to go better ahead of the update given the momentum of the business....looks like that might be starting today?

[tole] 28/3/2006 15:27

My sentiment too - which is why i'm out - though still watching if things change.

[kdwilson] 28/3/2006 14:06

director selling all his stock....shares are down cos presumably there's a nasty to come out in the next trading update!!

[cornelious billy bee] 24/3/2006 13:36

why is glotel down, rec firms are supposed to be having a mini boom

[oldtown] 16/2/2006 10:07

Me neither I sold 13k plus change on Tuesday. I get nervous when directors sell apparently "undervalued" shares in their own company.
I still hold a few but not impressed, one thing though the MM took all 13.5k without dropping the price so maybe someone wants them.

[tole] 14/2/2006 13:33

Not sure I like the director sell today...

LONDON (AFX) - Glotel PLC said James Baker, managing director of Glotel's
Asia-Pacific region, sold 30,000 shares at 90 pence per share on Feb 10 2006,
bringing his total holding to nil.

[tole] 09/2/2006 14:53

Small mention in the shares mag 'Full Ftse' column this week

GLOTEL (GLO) 94P, Market cap: £36.3m PE: 10.7, Yield: n/a EPS gr: 24.6%

Increased sales and higher gross margins pushing up profit for telecoms consultancy. Earnings forecast to rise steadily over next two years. Buy

[tole] 30/1/2006 10:33

Yep agree - and lets not forget the recent broker coverage...
Anybody know if Insinger have a target price here?

Bridgewell has a buy rating and 110p price target for Glotel.

Insinger de Beaufort believes shares in Glotel are inexpensive and are due a re-rating and believes Strategic Thought shares could well offer further upside.

Numis has a buy rating and 162p price target for Glotel.

[oldtown] 30/1/2006 09:10

Just trying to get its head above water on the chart, looking better everyday.

[oldtown] 27/1/2006 10:20

Tick up again, its slow hard work but...............

[tole] 20/1/2006 11:41

Looks like I could be right,
Price moving back nicely now and a few trades coming in...

[tole] 20/1/2006 11:07

Ticking back quietly lately - And Looking like its breaking the 6mth downtrend from July, a start of a move to test 98-100p resistance - hope so. :)