Project Telecom Share Discussion Threads

[paulkent] 24/4/2003 10:51

er, it bounces coz altho it should drop a bit, its dropped too much !!

[gumberr] 24/4/2003 10:46

why should it bounce with this kind of statement!!!!

[the explorer] 24/4/2003 10:24

2 Million shares were bought at 70p yesterday, I thought I was unlucky!

[mykai] 24/4/2003 10:01

This will bounce back to about 55 in next week i hope

[paulkent] 24/4/2003 09:58

lots piling in now!!!

[the explorer] 24/4/2003 09:42

Tryed to buy @ 42p, the time I was on the phone the price moved up to 45p to buy. Hopefully this one has hit the bottom!

[paulkent] 24/4/2003 09:41

had to bounce, think this could be up to 55p to 60p within a week or so...value is there and no REAL problems, just figs in line with last year...

[donnydave] 24/4/2003 09:04

ASC MBO DOUBLE BAGGER
^ ^ ^ ^ ^ ^ ^ ^ ^ ^ ^
| | | | | | | | | | |

[paulkent] 24/4/2003 08:34

surely a bit of an overreaction, after all, theyre only saying things will be in line with 2002 which means pretty good value at this price..??..and this IS a well run company, likely theyll find ways of reducing cots if they have to although i doubt they over geared up for growth anyway

[cableguy00] 24/4/2003 07:01

OOps.... sorry for all holders. I'd been watching for a while but didn't get tempted 'cos of downturn in general in telecoms during 2002.
RED's looking a bit better though but DYOR please......

[redpin] 24/4/2003 06:42

Project Telecom - trading update


THURSDAY, 24 April 2003 - As a result of increasingly difficult trading
conditions, Project Telecom plc, the UK's leading virtual network operator
focused on the business market, has experienced slower growth than expected
during the first quarter of 2003.


Since the beginning of the year, the economic environment has become
increasingly challenging for businesses in general and the telecommunications
industry in particular. The fixed line market continues to suffer the effects of
a significant supply and demand imbalance whilst the mobile market is shifting
its business model from customer acquisition to retention.


During the first quarter of 2003, intense price competition in the business
market from certain mobile network operators has resulted in higher levels of
churn, lower than anticipated growth in our customer base and a reduction in
average revenues per customer.


In addition, following the Competition Commission's decision to reduce
termination charges by the mobile network operators, connection commissions paid
by the network operators have been cut significantly - in some cases by more
than #50 per customer. The company anticipates that the mobile network operators
may seek to implement further reductions in commissions later in the year.


In the light of current market conditions, the Board has lowered growth
expectations for the current year and now believes that profits from continuing
operations will be broadly in line with those in 2002. Management has responded
decisively to this tough trading environment and is highly focused on reducing
costs and maximising cashflow whilst growing market share.


Project Telecom remains a strong, well managed, profitable and cash generative
company. It is continuing to invest significantly in its ability to manage an
expanding customer base and management will take all actions necessary to ensure
that the company continues to grow rapidly, to take advantage of opportunities
to further develop the business and to deliver an expanding range of products
and services.


ENDS

[donnydave] 24/4/2003 06:41

Ouch!!! :-(

[terry91] 23/4/2003 23:02

2 million bought what is the story there.

[brent crude] 23/2/2003 09:27

Its been a long time coming blondv, but the rerating may now occur. Expect the retail division closed three months before year end, and costs of max 1m; despite that, full year profit forecasts have been met (and some i suspect), so growth accelerating. Results Wednesday and analysts looking for progress on customer numbers from 165,000 towards the 500,000 target 2004/5. Even then they'll have less than 10% of UK market, so plenty to play for.

I hold these.

[blondviking] 17/2/2003 23:12

Results out soon, any thoughts as to how they might be? I am forever hopeful, it would be good to break through 85p

[isitsafe] 16/12/2002 10:00

now 67-70 - too cheap

[issie] 13/12/2002 18:51

buy buy buy!!!!!!!!!!!!!!!!!!

[wholden] 14/11/2002 13:11

cheers isitsafe, never heard of telecom plus, will look @ the charts/fundamentals. it will be interesting to see what the analysts @ the presentation given by PJT now think of the comp and the direction its now taking.

[wholden] 13/11/2002 20:33

isitsafe: how do u know it was a "awesome institutional presentation" were u there? it's about time that pjt decided to "turn up the heat" this is as far as i am aware, the only telcom comp that is a> profitable, and b> minimal/no debt. quite a stella performance in todays market.

[isitsafe] 13/11/2002 17:40

Big rise today against the market on awesome institutional presentation: PJT about to turn up the heat - check it out on UK Wire

[wholden] 07/11/2002 06:37

are the mm short? 250k trade on 6/11/02

[wholden] 31/10/2002 22:00

up 2day on minimal trades the price moved up well on 1x20k buy and a delayed 100k purchase. if fidelity are moving in, what do they know? and here is a stab in the dark, fidelity have a huge holding in colt telecom.....apart from them been in the same sector ie telecoms, the 2 comps are poles apart, apart from the corporate segment.

[isitsafe] 18/10/2002 20:30

I got pretty nervous about these in early October as the 50p level looked like being breached, but this co is just too good to stay that cheap for long. The interim results were excellent but the company was simply being punished for its ability to take a hit early and quickly, rather than plastering over the cracks which seems to be the usual method. Add to that the final (i hope) sickening spasms as the bears ran more or less unopposed through good and bad alike and i think you get a satisfactory explanation for the price drop.

What attracted me most about this co is that they are focusing on increasing their share of the UK corporate telco service market, from a base of only 2%, so it will be a long time before growth oppoprtunities dry up. this is a widows and orphans stock (no disrespect intended !!)

[taurusthebear] 18/10/2002 04:02

Sorry about the delay in replying, Von. By closing their Retail Services division and concentrating on their corporate business, PJT will be reducing turnover significantly but cutting losses. Therefore 1.71p EPS at the first half could be bettered for the full year, giving an EPS closer to 4p. That would put the shares on a PE of 16-18 at 64p, reasonable if the growth occurs. But for me:-

Outlook too uncertain.
Shares too illiquid.
I think this is a Bear Market rally.

Fidelity have been buying, so maybe they know something we don't. I remain neutral. Taurus