Contourglobal Share Discussion Threads

[wjccghcc] 10/8/2005 15:40

Drifting a bit as people get bored. Seems a bit short-sighted to me. Where else in the recruitment sector can you get 50% earnings growth on a PE of 13, good geographic diversification and exposure to emerging telecoms market, and exposure to the telecoms investment upswing? Plus a tasty takeover target if the directors decide to sell.

[wjccghcc] 02/8/2005 15:40

Agreed, it looks a bit strange as all those 10k trades seem buys if you look at the time they were done. Wouldn't surprise me if there was a treeshake given that it's recent rise. Not getting mine though - PE of 14 dropping to sub 12, takeover target for any global recruiter looking to enter this niche, and the one sector of the recruitment market which is pretty much guaranteed to keep growing for the next 3 years at least with all the telecoms infra spend that needs to happen in the US and Asia.

[unadkat] 02/8/2005 13:11

Interesting to see the bid go down today but not the offer - shares bought outstrip those sold - must either be a tree shake which has come to nothing, or a one off large sell that will come thru later on. I go for the tree shake since the other option would result in a drop in the offer price.

[wjccghcc] 25/7/2005 19:27

Looks like institutions increasing their holdings again.

[unadkat] 22/7/2005 09:58

I see Glotel are short of staff and looking for contractors - picked this up from an IT jobsite:
Company: Glotel..
Job type: Contract
Duration: 3 months initially
Date posted: 21 Jul 2005 15:41:30
Job description: My telco outsourcing client is looking for a Technical Services Manager to help provide technical evaluation for outline designs to enable the CNOC Voice team to be able to manage new voice based technologies. (VOIP, ICM, new PBXs). You will have 5-10 years in depth datacomms and/or telecomms experience in relevant technologies (eg Meridian, MD110, ISDX, Avaya, VOIP, FeatureNet) in a customer-facing environment, with a high competence in the management of Voice networks and services and to maintain networks (configuration, fault localisation/resolution).

You will be able to do this to card level with minimal second line/manufacturer support. You will have experience in Scripting experience, VOIP Cisco Avid, ITG and Succession and Alcatel. For the purposes of this vacancy Glotel will be operating as an employment business.

[unadkat] 21/7/2005 16:12

soem big buys again today

[wjccghcc] 21/7/2005 10:10

I think so CR. Check out the presentation on their website www.glotel.com, choose UK and it's in the investor relations bit. I think H2 profit increase was actually held back by the increased headcount of 30 which won't really be adding to turnover until this year.

I see IMP is ticking up as well which is nice for you :0) I guess I just feel more comfortable with the need for global telecoms investment over the next few years than the financial recruitment sector. Plus, as you say, these are in my ISA.

If you have time over the next few weeks, you might want to take a look at IGP. Pretty much unknown and with no corporate broker but one of the global leaders in ID card management systems. Just breaking into profitability and with great partnerships. My "tip" for at least a two bagger over the next year or two :0)

[cockneyrebel] 21/7/2005 09:55

looked it over again WJCCGHCC - does look a buy doesn't it - ISA'ble too.

CR

[wjccghcc] 19/7/2005 15:26

Looks like someone (probbly ML) buying more today as well.

[unadkat] 19/7/2005 13:52

Looks like Merrill Lynch have being been buying from today's news announcement

[wjccghcc] 19/7/2005 10:19

Nope. Just after.

[e-venturer] 19/7/2005 09:32

it seems that when there is no news the price just ambles along with no real movement. when did numis place the 161p price target was it before the latest results.

[gettinther] 18/7/2005 14:23

thanks wjccghcc, very informative, wonder what happened to unadkat ?????

[wjccghcc] 16/7/2005 12:03

getinther, after the spending freeze on telco investment from 2000-2004, substantial investment is now needed in telco networks pretty much everywhere outside Europe and Japan. Glotel are the specialist recruiter and provider of engineers to do this worldwide. If you were looking to employ 50 engineers in India to build up your wireless network, this is the company you'd go to. They've also moved in to providing engineers on a service basis (e.g. recent contract to provide 100 engineers to upgrade a US wireless network on the west coast). The telco investment cycle is pretty much independent of the global economic cycle at present so less exposure there. Well run and with the directors very identified with shareholders (in the bad times, they offered options out of their stakes to employees in return for salary cuts rather than dilute shareholders).

About 30% (and dropping) of their business is in the UK which is more competitive, although they've mitigated this by branching out into public sector recruitment, but the telco business is over 64% of turnover and is where the excitement and margins are.

PE of 14 on latest forecast, target price of 161p by Numis and a nobrainer takeover target for one of the bigger recruiters if management ever decided to sell.

Main downside is that it can drift between results if people lose interest, but I suspect that may change after the latest results with clear instituional buying in 100k lots.

[gettinther] 15/7/2005 21:58

Unadkat, what are ur reasons for your beliefs in the future price advances????

[unadkat] 15/7/2005 15:13

These should reach £1.40 - £1.50 in the next 3 months - have to patient in the short term

[oldtown] 14/7/2005 16:30

Nice pick up in volume today,its all looking good right now for GLO.

[wjccghcc] 14/7/2005 12:34

That makes 3 x 100k buys this morning.

[oldtown] 14/7/2005 11:34

Starting to move again, this must be heading back to 130 on these results,and the statement that "the current year has started well with a positive
outlook for the group".

[oldtown] 14/7/2005 09:40

The quite shares are sometimes the best!

[wjccghcc] 14/7/2005 09:34

Nope but all these 100k buys shows someone else thinks there's value here :)

[e-venturer] 14/7/2005 09:23

looking good at minute is there any news about them in the paper after the statement the other day

[wjccghcc] 13/7/2005 09:50

agreed. I've been adding. I like the international spread of business plus the fact that US and the Far East plus India will need to invest in their telecoms infrastructure for a long time to come.

[oldtown] 13/7/2005 08:56

This has a done a complete 360, back in the technology heyday this was massively overpriced , now i would say that 98p or 05/06 estimated pe forcast of 9 on fundamentals and future prospects is ridiculously cheap.

[wjccghcc] 13/7/2005 08:19

I see Numis now has a buy rating with a 161p target. Anyone got their eps forecast?