||EPS - Basic
||Market Cap (m)
|Fixed Line Telecommunications
Real-Time news about Project Telecom (London Stock Exchange): 0 recent articles
|potentials: i am also tempted to come out and get the money now to put elsewhere .... will first await timetable to see just how long i may have to wait if i wait around for the full 70p.... as even 1p off costs me more than 500 quid.
(iampoor - worth a look is mmc - results out next monday but be careful as sales warning on 04/07/03 lead to drop to 30-31.5p at which shares have stayed since - IMHO best not to buy before results issued but depending on the actual interims on monday 11/08 and the resulting share price movement it is worth researching and keeping an eye on - DYOR.)|
|banj: Project Telecom dialled higher as suitors prepare to call
By Michael Jivkov
30 July 2003
The main focus for market gossips yesterday was without doubt Project Telecom as talk circled City dealing rooms that a formal bid for the group is just around the corner. The company, which provides mobile and fixed-line telecom services to corporates, saw its share price respond to the speculation by putting on 2.5p to 61.5p.
Earlier this month Project Telecom announced that it had received several bid approaches. Word has it the company is, in effect, being auctioned off to the highest bidder and its is believed that the blue blooded merchant bank Rothschild is managing the sale. There are said to be as many as six contenders looking to gain control of the company and leading the pack of suitors is Vodafone. Some in the market reckon the mobile phone giant is willing to pay up to 70p a share in order to win control of the group.
The sale of Project Telecom would make Tim Radford, its founder and chief executive, a multi-millionaire given his 24 per cent stake in the group. However, it has been far from plain sailing for Mr Radford. In April, Project Telecom shares halved after a profit warning. At the time the company complained that it was facing tough competition in the business market from mobile phone operators such as T-Mobile and Orange.
nice work potentials - article reproduced from independent (also available from link in header)
HOLD for at least 20-25% to come IMO|
|37dolphin: agree, something going on behind the scenes, edging up today, but can't see why.
The next numbers release was due on 29th Aug. If we separate 2 issues, IMO:-
1. Y/E forecast - analysing the expected y/e numbers forecast, the share price should be > 70p.
2. Bid approaches - the value of the business should be nearing £1 per share, depending on how many bidders there are.
Even if there is no bid, I think the share price is returning to where it should be...........|
|37dolphin: Check this out:-
2002 - 315m
2003 - 152m (latest analyst forecast)
Note - sales reduction due to closure of retail business (high turnover but low margin), now concentrating on higher margin corporate services business.
Pre Tax Profit
2002 - 12.5m
2003 - 15.2m (22% increase latest analyst forecast)
2002 - 3.29p
2003 - 4.3p (31% increase latest analyst forecast)
March 2003 - 70p
March 2004 - ???p|
|abcl: From Telegraph
Hang on to Project Telecom
As long-time fans of Project Telecom, which we tipped again in January at 74p, we are sad to report that a profit warning last week knocked the shares for six.
The company has been hit not just by an increasingly difficult trading environment, but also by a Competition Commission decision to cut charges levied by mobile network operators for accepting calls from fixed lines and other mobile networks. As a result, the operators have cut payments to resellers such as Project Telecom.
Profits from continuing operations are now expected to be similar to last year's £10.2m. We believe, however, that the company's strong management team will respond rapidly by cutting costs while not neglecting high service standards or the drive to grow market share.
With the share price languishing at 39.5p, readers should keep on buying.|
|tony979: Nice steady upwards movement in the share price over the last week|
|tony979: Agreed, I am surprised it goes unmentioned in the press. Hopefully when they sit up and take note the share price will start to move as people start to follow it.|
|isitsafe: lw look at post 91, written to counter bearishness on this thread - an apology would be nice
the point about the "telecoms" issue - and i'm amazed to have to spell this one out - is that if PJT did not have Telecom in their name, their share price would be much higher, because in the world i live in at least the word telecom has evry broker reaching for their sell order papers
in a nutshell that also explains why the january gains were lost - and if you look at my earlier postings around that time you might see my caution about the telecoms fallout on PJT shareprice
OK lecture over, now the good stuff, from todays FT:
"Cazenove, the group's broker, lifted itsforecast for profits before goodwill from £15m to £15.8. Forecasts for earnings per share were raised from 4.5 to 5.1
At first glance, PJT looks like a throwback to the halcyon days before the dotcom bubble burst - it is a technology company recording explosive growth in clientele and profits. But the group is actually a beneficiary of the new austerity in the telecoms industry: mobile operators are increasingly keen to outsource smaller projects. It is also cash flow positive, a rarity in the industry';s earlier days. With only 2% of the market for corporate mobile phone contracts, PJT has plenty of room to grow. That makes the forward p/e of 14-15 times on the upgraded profit forecast seem too cheap. "
cant say fairer than that|
With all respect, I think you are over-reacting. I don't hold PJT, but that doesn't mean I am necessarily bearish on the company. It means, in my case, that I am not particularly optimistic on the sentiment surrounding the whole tech market which, whether you like it or not, is eventually reflected in the share prices of companies like PJT. And so comments like:-
"why so negative, are you a shorter? do you really want this to succeed?"
are really quite pointless. There is a whole WORLD of difference between what you think about a company and what you think about it's share price! For me, these days, any doubt and it's out....
|taurusthebear: wholden - bit confused about the eps, quoted at 2.79p, possibly after adjustments, which at share price of 72p would put the PE in the mid-twenties. Prospects look OK though, with growth from the new acquisitions kicking in this year. In this climate I would suspect PJT will, like many other techs, be prey to prevailing sentiment, and I'm still not convinced we are at the bottom for techs. This was sold down to sub-40p in September when the panic was on. It may go up, it may go down. I remain neutral here, but would have to admit to probably scavenging a few if it fell back to 50p. Good luck!|
Project Telecom share price data is direct from the London Stock Exchange