Project Telecom Share Discussion Threads

[hyper al] 30/11/2001 08:00

Well this is the website for Project Telecom



And it don't work!

[maxinvestor] 30/11/2001 07:54

My opinion is I wish I bought in yesterday. Still maybe worth a punt but I can't find much info on the Co yet.

LONDON (AFX) - Project Telecom PLC said given the strong current trading
conditions, the company expects that the results for the year ending Dec 31 will
significantly exceed market expectations.
It added the strong performance achieved by its Corporate Services division
in the first half of 2001 has continued during the second half of the year.
In a highly competitive market environment, demand from the corporate sector
for Project Telecom's services remains strong with average revenue per user
being maintained, it said.
rn
NNN


For more information and to contact AFX: www.afxnews.com and www.afxpress.com

[circus8] 23/11/2001 21:33

What is the opinion of BB members and share holders on this company at this time??

[jasey3] 21/10/2001 06:40

CHECK OUT EINSTEIN TV ,, EPIC EIC ,, THIS BABYS FLYING

[texster] 21/8/2001 18:07

PJT have stated today that interim results will be announced on 3rd sept. This is one of the fastest growing companies in the UK, consistently delivering 100%+ year on year, profitable growth, yet trading on a historic PE of 19!!

Te company has since bought a subscriber base with hostoric £40m revenues and will have grown organically by 100% of historic trend continues. This must mean it is on a forward PE of less than 10!!

Why ? Should I buy or stay well clear. I know the entire sector is unpopular at the moment but this seems like a bargain!

T

[isitsafe] 12/3/2001 13:34

bucking the trend after todays announcement, PJT moving absolutely where they need to go, away from retail into higher margin corporate business - very useful purchase

[isitsafe] 02/3/2001 16:07

but then again, in this market what hope any telco ?

[biomax] 28/2/2001 14:19

Project Telecom says mobile sales are growing
By Tony Glover
Wed 28 Feb 2001

LONDON (SHARECAST) - Virtual telecoms operator Project Telecom reported earnings today
boosted by growing demand for pre-paid handsets which confounds the pessimism in the mobile
telecoms sector.


Tim Radford, Project Telecom's chief executive said: "There
has been a lot of gloom in the mobile telecoms sector of late, but
as a virtual network operator we are finding the market very
exciting. We resell handsets and airtime and are in a position to
offer customers a competitive independent service without the
massive overheads faced by the big operators in building their
networks."

Turnover for the year ended December 31, 2000, was £257m
and pre-tax profits were £5.9m. Revenues were up 119% on
1999 and profits increased by 59%.

The retail services division saw turnover up 139% to £220.4m
and operating profit up 75% to £3.9m. Project specialises in
reselling pre-pay telephones and services in convenience stores
and in supermarkets.

According to Project, 95% of all new mobile handsets are
pre-pay with pre-pay subscriptions accounting for 68% of the entire mobiles market and 60% of
top-ups being sold in convenience stores. During the year, Project agreed with De La Rue Transaction
Services to provide retailers with electronic top-up facilities via in-store terminals, as an alternative to
paper top-up vouchers. During the final quarter of the year, it installed around 800 such terminals.

Kevin Lapwood, a telecoms analyst at ING Barings Charterhouse Securities, said: "Project Telecom is a
very interesting company because there is a highly lucrative market in providing top-up services for the
68% of the UK's 40m mobile phones that are pre-pay. This is a sector with profit margins of 10%."

Project's corporate services division increased turnover by 46% and operating profit by 105%,
reflecting a 49% increase in its corporate subscriber base from 35,000 to 52,000, above-average ARPU
(average revenue per user) and customer churn of under 15% a year. New corporate accounts include
Aberdeen Council, Aer Lingus, British Waterways, Channel 4, Fuji Film, Konica, Pretty Polly, Reed
Elsevier, Sabena, Swiss Air, Swiss Life and TWA.

Looking ahead, Project is keen to get in on the ground floor of next-generation mobile telephony and has
established a network services division to exploit the data services market. In December 2000, Project
acquired new media design and development business MooCow for £527,000 in cash. Project told an
analysts' briefing this morning that it intends to make further acquisitions of data applications
companies. Project is holding £17.5m of cash that it can use as a war chest.

Radford said: "Next-generation mobile telephony will see a rapid growth in demand for all kinds of data
applications, including sports, financial use and access to e-mail."

Despite the overwhelmingly negative sentiment towards telecoms over the past few months, Project's
share price has held up well since it listed last September, raising £17.6m. It has risen from 70p to
86.5p, giving the company a market capitalisation of £188.2m, and it is debt-free.

[biomax] 28/2/2001 14:17

Project Telecom says mobile sales are growing
By Tony Glover
Wed 28 Feb 2001

LONDON (SHARECAST) - Virtual telecoms operator Project Telecom reported earnings today boosted by growing demand for pre-paid handsets which confounds the pessimism in the mobile telecoms sector.


Tim Radford, Project Telecom's chief executive said: "There
has been a lot of gloom in the mobile telecoms sector of late, but
as a virtual network operator we are finding the market very
exciting. We resell handsets and airtime and are in a position to
offer customers a competitive independent service without the
massive overheads faced by the big operators in building their
networks."

Turnover for the year ended December 31, 2000, was £257m
and pre-tax profits were £5.9m. Revenues were up 119% on
1999 and profits increased by 59%.

The retail services division saw turnover up 139% to £220.4m
and operating profit up 75% to £3.9m. Project specialises in
reselling pre-pay telephones and services in convenience stores
and in supermarkets.

According to Project, 95% of all new mobile handsets are
pre-pay with pre-pay subscriptions accounting for 68% of the entire mobiles market and 60% of
top-ups being sold in convenience stores. During the year, Project agreed with De La Rue Transaction
Services to provide retailers with electronic top-up facilities via in-store terminals, as an alternative to
paper top-up vouchers. During the final quarter of the year, it installed around 800 such terminals.

Kevin Lapwood, a telecoms analyst at ING Barings Charterhouse Securities, said: "Project Telecom is a
very interesting company because there is a highly lucrative market in providing top-up services for the
68% of the UK's 40m mobile phones that are pre-pay. This is a sector with profit margins of 10%."

Project's corporate services division increased turnover by 46% and operating profit by 105%,
reflecting a 49% increase in its corporate subscriber base from 35,000 to 52,000, above-average ARPU
(average revenue per user) and customer churn of under 15% a year. New corporate accounts include
Aberdeen Council, Aer Lingus, British Waterways, Channel 4, Fuji Film, Konica, Pretty Polly, Reed
Elsevier, Sabena, Swiss Air, Swiss Life and TWA.

Looking ahead, Project is keen to get in on the ground floor of next-generation mobile telephony and has
established a network services division to exploit the data services market. In December 2000, Project
acquired new media design and development business MooCow for £527,000 in cash. Project told an
analysts' briefing this morning that it intends to make further acquisitions of data applications
companies. Project is holding £17.5m of cash that it can use as a war chest.

Radford said: "Next-generation mobile telephony will see a rapid growth in demand for all kinds of data
applications, including sports, financial use and access to e-mail."

Despite the overwhelmingly negative sentiment towards telecoms over the past few months, Project's
share price has held up well since it listed last September, raising £17.6m. It has risen from 70p to
86.5p, giving the company a market capitalisation of £188.2m, and it is debt-free.

[biomax] 28/2/2001 10:40

results look very good, worth a punt,
double to, cash reach, rosy future

[isitsafe] 28/2/2001 08:01

and they haven't

[isitsafe] 25/2/2001 00:31

from prospectus: pr before tax est at 5.829m; net assets: 6.226m

i dont think 86p is that bad - a 20% gain on placing price for an old economy (ie makes profits) stock in a new economy sector being savaged; more importantly, look how solid its been this last week, and particularly yesterday; i'd be very surprised if next week's figures disappoint

[texster] 21/2/2001 08:12

still seeking forecasts or any info whatsoever. Can anyone help ?

T

[texster] 16/2/2001 17:34

PJT floated in about August at 70p, currently 86p. It is apparently one of the UK's fastest growing companies.Turnover in 99 was £117m while 2000 half year to June Turnover was £110m i.e. full year should be 100% + growth.

Unusually PJT is a profitable Telecoms company. It provides least cost routing and other telecom services to corporate clients. It therefore has a huge client base to which it sells telecom related services. Potential opportunities for selling ADSL/new unmetered web access announced by Oftel yesterday etc etc.

No debt problems as it has no involvement in 3G licences and it isn't spending money on infrastructure like Colt or the other network telecoms companies. It is already profitable and growing quickly.

At the float prospectuses weren't available to individual buyers so there was little publicity and all buyers were institutions etc. I'm hoping for a good first set of results which will generate lots of press coverage. This stock seems hugely neglected, possibly because of negative sentiment towards telecoms generally. But it doesn't have the typical risks of the other telco's!!!

Is there something I should know. Why is the share price only 86p ?

Did anyone see the prospectus ?
Does anyone know what expected full year results are ?

All info gratefully received.

T

[delboy002] 26/9/2000 22:37

PJT should be looked at a more medium term view. If you look at it over a period of a year one should see some reasonable gains though in between there could be wild fluctuations due to the sector it is in - yes, TMT!!!

[djooh] 26/9/2000 07:48

looking better this week...anyone got any comments on pjt...whats likely to happen after the 19th?

[djooh] 22/9/2000 13:42

why is everyone selling today?

[djooh] 22/9/2000 00:30

wish it would act against any falls in the price like this morning!

[delboy002] 21/9/2000 00:51

Awww...I missed out but will wait for the next dip in the price before getting a nominal amount for my pension fund.

[biffopristinus] 20/9/2000 16:32

Delboy002

Thanks. So presumably, depending on how the issuing houses use their discretion, this could act against any further rises in the value of the shares until after the expiry of the notice on 19 October.

[delboy002] 20/9/2000 15:50

Stabilisation (I think) means issuing houses have the authority to issue more shares than envisaged to ensure a stable after market.

[biffopristinus] 20/9/2000 13:07

Anyone care to explain the significance and rationale of the stabilising transactions in the news notice.

Apologies if this is a stupid question but I'm new to all of this.

Thanks in anticipation.

[djooh] 20/9/2000 13:01

Delboy002

They have dropped back a bit now (up 5.5p) so now might be your chance or will you wait a little longer? And a big thanks to Magic for his information.

[djooh] 20/9/2000 09:41

Delboy002

I bought in this morning at 94p, looking quite strong today and the telcom sector is always an interesting ride...are you in yet?