Stenprop Share Discussion Threads

[longshanks] 26/3/2010 07:41

£0.8m for a single contract won against stiff competition from larger operators.

More of these will follow - esp. now that STP are a national provider of such services.

This could well fly today - but note the volatility in the share price in recent days...someone knew about this coming and has been positioning themselves to benefit from this contract. Shame on you whoever you are.

[tara7] 26/3/2010 07:09

Contract win and Growth, just what we shareholders like.

[longshanks] 25/3/2010 08:56

Yes. the futures bright, the futures...ummm.....spiritel

[oracle28] 24/3/2010 22:25

Cheers longshanks for your views.

This year isn't really the big issue...

Next year is the year everyone will be interested in. Everything is being set up and put in place by the management for a blow out year 2010-11!

Turnover with all the new acquisitions and minimum success in cross-selling will be £40m plus and profits should be £5-6m!

A bargain shareprice... for now!

[longshanks] 24/3/2010 22:19

My estimate is based on the full year results including the lower earnings for the first 6 months: i.e. annualised income may well be £25m - but it will only be applicable for 6 months of this current year (or slightly under).

Going forward - yes figures will be up at those levels and probably higher but I think £20m revenue/£2m profit is a fair estimate for FY2010.

Note that I did say that the potential for growth is not factored in at all. Hope this clarifies my figures.

[martin44] 24/3/2010 22:03

longshanks - I don't want to go overboard on this but at the 6 months results to end of October the comments that were made were:

'A combination of organic and acquisitive growth leaves the Group currently performing significantly ahead of reported figures for the first half of the year. Based on trading in the quarter to 31 January 2010, including post 31 October 2009 acquisitions, our annualised revenue will exceed GBP23m, with underlying annualised EBITDA* of over GBP2.3m. On a standalone basis, our Business Division is now delivering an annualised underlying EBITDA* run rate in excess of GBP3.5m.'

I would of thought with the additional 3 acquisitions and the run rate of the business we now we are looking at revenue more in the regoin of £25m ?

From the information I have heard the new business's have or are in the process of being integrated and this is moving along at a rapid pace.....

[longshanks] 24/3/2010 10:01

On the subject of revenue/profits - my guess is that they will achieve full year turnover of almost £20m with profits coming in at around £2m.

This gives a decent PER or approx 5 on current terms though should the loan notes all be converted then this will drop to around 12.

Given this data some would see this currently as fairly priced - but the potential for growth is not factored in at all.

[jc1619] 24/3/2010 09:33

I bow to more experienced heads and have filed mine in the bottom draw.

[oracle28] 23/3/2010 17:34

Longshanks what's your take on the under performance of the share price?

The company must be making decent profits now!

[longshanks] 23/3/2010 16:44

shhhh. Let the giant sleep and just keep on buying more of these....

When he awakes you will wonder why you ever doubted how tall this giant could stand when upright. If you get vertigo though I recommend you bale out now.

[jc1619] 23/3/2010 14:27

I've only been in this for 2 months and the board keeps on saying this will rise ,despite the aquistions we still do not seem to be on the move ?

[martin44] 22/3/2010 21:40

Fingers crossed really can't be long to a move upwards!

[oracle28] 22/3/2010 11:20

Another buy this morning!

This will move up very soon, it's been all buys recently albeit small purchases!

A re-rating is well over due! This share usually moves up in April in advance of the year end.

Time to buy!

[profiting] 19/3/2010 17:17

As stated previously the only downside on this company is that their financial PR is not very good.

They need to get the message out to investors and therefore this will improve demand and create a re-rating.

Alternatively this will hopefully happen upon results.

[martin44] 19/3/2010 13:33

oracle28 - don't believe you are missing anything only that others are still not aware of what is going on! The management is even improving further with good people who will drive the business forward also for maximum earn out on their business's.

[oracle28] 19/3/2010 12:27

M. Cap of £10m
Turnover now in and around £40m to April 2011 after Nessco acquisition. with only small cross-selling success, could be much more.

EBITDA will be around £5m now could be more with cross-selling and larger group synergies.

A screaming buy or am i missing something?

[martin44] 19/3/2010 09:00

I really like this....there is lots to gain here as it is total coverage of the uk now with both more of the existing Mitel base which will not only give more sales but bigger discounts from Mitel. In addition will give increased maintenance contracts uk wide where they are currently losing out and also they are heavily into IP telephony which is the fastest growth area of telecoms and they have previously won the largest networked contracts!

All very good positive news and should see a rerating very very soon....

Commenting on the acquisition, Alastair Mills, Chief Executive of SpiriTel
said: "Nessco represents a rare asset, possessing an excellent customer base, a
long and successful track record of IP Telephony, specialising in Mitel
solutions and supported by a highly skilled engineering team. The Company's
operations are particularly complementary to SpiriTel's and we are confident of
a swift and effective integration into our Business Division."

He added: "We are delighted to complete our first acquisition in Scotland, a
deal of strategic importance to the Group which will enable us to offer genuine
nationwide engineering coverage to our growing base of 4,000 business
customers."

[tara7] 19/3/2010 07:33

No idea I am not GOD.!!

[zac_mo] 19/3/2010 07:16

tara7: cfan we expect a rise here today???

[tara7] 19/3/2010 07:09

Just keeps on growing, another deal today that will make profits from cay one. Costs will be cut as is the case with each new buy. The deals will get bigger, and bigger as the company grows.

[gcom2] 19/3/2010 00:08

nav little over 50p, better bet would be avg , easy triple within 18 months

[oracle28] 18/3/2010 23:17

Looking more closely at the vacancies at Spiritel it looks like they are stepping up the sales with two newly created jobs! Looking to capitalise on cross-selling........

Telemarketing Manager
Telemarketing Executive

'To effectively manage cross-selling and new business opportunities'

[oracle28] 18/3/2010 13:36

I agree such lack of interest here but another 2000 shares bought and this is very very close to taking off...!!!

A contract or progress report would do it.

Spread the word tara7!

[tara7] 18/3/2010 13:31

Growth is what we want and this company is about to deliver. How many firms are hiring right now.??