Share Name Share Symbol Market Type Share ISIN Share Description
First Comms. LSE:FCOM London Ordinary Share USU319731076 COM SHS USD0.001 (REGS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $0.015 $0.00 $0.00 - - - 0 06:31:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Fixed Line Telecommunications 173.6 14.5 0.0 - 0.39

First Comms. Share Discussion Threads

Showing 1 to 6 of 25 messages
Chat Pages: 1
got a reply to my email: I received your below inquiry. We agree with you about the misleading share price. If you have time for a quick call I'd be happy to share some of the things we are working on to increase the liquidity, media exposure and transparency in terms of the true value of the Company. I'd also be interested to hear how you came to own some of our shares or any other thoughts you might have. Best, Joe President (Joe Morris)
did an email today to one of their press contact officers let's see if I get a reply: Dear Sir I was reading an April 2010 press release from fcomm about their latency project .. and was impressed so why - I have a small shareholding - have I seen the share price plunge 96% this past year on AIM (London)? Can you put out a reassuring statement (on AIM) to say all is not lost and the company deserves a re-rating? Especially as you have debt agreements that run into 2011, so you have the backing - one supposes - of the banks? Best regards .....
some press releases April 2010 also: About First Communications First Communications is a leading competitive local exchange carrier in the Midwestern United States. Founded in 1998, First Communications has built a highly scalable telecommunications platform, infrastructure and support system, which represents a combination of world-class technology, and cutting-edge product offerings. First Communications has over 214,000 customers, owns 3,500 miles of fiber and owns and manages 327 wireless towers leased to 420 tenants, with contractual rights and significant opportunity to increase the number of towers. First Communications is led by a strong management team that has operated telecom companies throughout all cycles of the telecommunications market.
The Company's EBITDA increased from $0.8 million for the year ended December 31, 2008 to $14.1 million for the year ended December 31, 2009. The Company's income from operations increased from a loss of $72.3 million for the year ended December 31, 2008 to income of $0.5 million for the year ended December 31, 2009. The Company reported a $14.2 million net income for the year ended December 31, 2009 compared to a loss of $76.2 million for 2008. Covenant in place Maximum leverage (total debt to EBITDA) of 4.25 to 1.0 at June 30, 2010, 3.75 to 1.0 at September 30, 2010, 3.50 to 1.0 at March 31, 2011, and 3.25 to 1.0 at September 30, 2011 and thereafter. Overall, the Facility has been reduced to $ 76.3 million, and as of April 30, 2010, the outstanding bank debt of the Company was $ 68.6 million, both after assuming the pay down amounts discussed above, and the regular principal payment of $1.25 million as of March 31, 2010. The maturity date of the loans under the Facility has been extended to March 31, 2012. Conclusion (only north from here?): At least they've negotiated terms till March 2012 and the company is being turned around: The Company reported a $14.2 million net income for the year ended December 31, 2009 compared to a loss of $76.2 million for 2008. nia dyor
Yes they have alot of debt but if they were going to go bang they wouldn't have relisted!
Take it you did not scroll down far enough in the results to read how much debt they have :-)) Avoid.
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