Share Name Share Symbol Market Type Share ISIN Share Description
Stenprop Limited LSE:STP London Ordinary Share GG00BFWMR296 ORD EUR0.000001258
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.75 1.14% 155.00 152.50 155.00 155.00 152.00 152.50 28,493 15:16:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 44.1 16.1 5.5 28.2 439

Stenprop Share Discussion Threads

Showing 2901 to 2922 of 3000 messages
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Social Trading Platforms - STP Anyones Experiences. Do they work? What is the easiest to use? Who are the best traders to Follow? What is the best BB to use for information and users experiences? Traders Opinions Please.......... DDDD
Spiritel PLC pushing up Daisies
jack dee
O/T pinnacle telecoms, in the same sector and may well be brought out by daisy in the future 11th November 2010 Analyst: Philip Morrish Email: Tel: 0207 562 3362 Pinnacle Telecom Group - Closed Year Strongly, Forecasts Upped and Target Price Increased to 0.79p (0.53p) Key Data EPIC PINN Share Price 0.39p NMS 0.36p-0.42p Spread 300,000 Total no of Shares 1.87 billion Market Cap GBP 7.28 million 12 Month Range 0.27p-0.62p Market AIM Website Sector Telecommunications Contact Alan Bonner, Chief Executive 0845 119 2100 Pinnacle Telecom Group plc is an acquisitive AIM listed provider of hosted integrated telecommunications solutions, specifically focused upon the huge UK SME market. The company, currently over half way through its strategic repositioning, is starting to strongly deliver as demonstrated by the graph: Half Yearly Trend in Turnover & Operating Profit, below. Indeed, Pinnacle reported a maiden operating profit (clean of amortisation and exceptional charges) of GBP40,841 for the six months ended 31st March 2010 compared with a loss of GBP413,695 for the comparable period a year earlier. The strong first half performance has continued into the second half with the company providing the connectivity circuits for the television and radio broadcasting of over 42 major events, including the Pope's visit, all the political parties conferences, and the Glastonbury and Reading Festivals. Moreover, Pinnacle's hosted communications solution is fully endorsed and extensively used by the BBC. Indeed, on 14th October, the company was awarded the best Enterprise Solution award at the prestigious 2010 Comms National Awards for its BBC solution. Pinnacle has rapidly become the market leader in this market segment and on 7th October 2010, the company confirmed that '... The events business has helped ensure that the Company will deliver turnover for the year ended 30th September 2010, ahead of market expectations.' In light of this comment, we have edged up our sales expectations for the financial years ending 30th September 2010 and 2011 by 1.5% to GBP6.5 million and GBP8.6 million respectively although not as yet fully reflected in EBITDA margins due to further technical infrastructure investment. Additionally, the company successfully raised GBP0.45 million before expenses through a placing of 128,571,429 new Ordinary shares at 0.35p each, a then premium of 18.64% to the 21st September mid-market price, for general working capital requirements so that the company can continue to capitalise upon the growing number of opportunities; we estimate that the group closed the 2010 financial year with net cash of GBP0.5 million. Pinnacle remains comfortably on track with its strategic repositioning into a hosted integrated communications solutions provider; the business has been stabilised, management team strengthened and its market opportunities and service offerings have been clearly defined - exemplified by the company's market leadership position in the 'events' market segment. The company is now beginning to release its growth potential as demonstrated by its return to an operating profit before exceptional items while the recent strengthening of the balance sheet will ensure that further opportunities to accelerate growth that is consolidating will not be missed. This week Daisy Group agreed to acquire SpriTel, a broadly similar business to Pinnacle, on EV/Sales multiple of 1.57 times sales for the financial year ended 30th April 2010 and is consistent with our approach to valuing Pinnacle. Therefore, with the shares trading at 0.39p, the 2009 financial year Enterprise Value was GBP4.899 million, which is 1.53 times reported 2009 sales of GBP3.192 million. We estimate that by the end of the 2011 financial year, the group will be EBITDA profitable and increasingly cash generative, such that (in the highly unlikely event of no further acquisitions) Pinnacle will close the year with net cash of GBP1.62 million. Therefore, if the shares were to trade on a similar EV/sales multiple, then, based on our revised but still conservative 2011 forecasts, they would be 0.79p. With the shares currently trading at 0.39p we re-iterate our recommendation of buy. Forecast table Year to 30th September Turnover (GBP000) EBITDA (GBP000) Pre-tax Profit (GBP000) Earnings Per Share (p) Price Earnings Ratio (x) Dividend (p) Yield (%) 2007A 1,015 (1,114) (2,583) (0.46) NA 0.0 0.0 2008A 1,495 (839) (1,067) (0.09) NA 0.0 0.0 2009A 3,192 (504) (895) (0.07) NA 0.0 0.0 2010E 6,500 179 (219) (0.01) NA 0.0 0.0 2011E 8,600 337 (42) (0.00) NA 0.0 0.0 Source: Company and Growth Equities & Company Research
martin 44 end result where all shafted
yep. I guess those convertible bond holders swung the easy 20+% for them on their investment last year. A good deal for DAY - who will now get aligned income generating businesses that will give them a payback of less than 3 years - might be worth investing in them for growth potential. With this deal I am actually at break-even so I guess not too badly off compared to others.
Sold off for 51.5p - lol Shareholders (if there are any left here?) shafted again!
One dat slipped thru da net. Firm is looking at several purchases, says chief executive Alastair Mills SpiriTel is targeting larger acquisitions in an increasingly aggressive drive into the converged solutions space. Speaking to Mobile, SpiriTel chief executive Alastair Mills (pictured) said the company is looking at several acquisitions, which could even include buying a company 'much larger than SpiriTel'. SpiriTel's combined strategy of acquisition and organic growth has seen the company's business division, which consists of mobile, fixed line and IP services, expand rapidly. Reporting its results this week, the group revealed revenue of £21.3m – 6% ahead of expectations – and EBITDA 7% ahead of estimates at £1.6m. Most of this growth lies in the business division, where revenues were up 71% to £17.7m and underlying EBITDA up 70% to £3.1m. SpiriTel's acquisition drive is backed by funding from equity investor Penta Group and Clydesdale Bank. Mills looks at around two potential acquisitions each week, and claims to regularly receive approaches from mobile, IP and fixed lines firms interested in selling. SpiriTel's mobile connections were recently swelled by its latest acquisition, Housing Communications Limited (HCL), in May. The Shropshire based mobile reseller, which centres on the Housing Association market, brought over 15,000 mobile connections to the Group's mobile business. SpiriTel aims to cross sell into HCL's customer base. Mills said: 'That's what our strategy is all about – cross selling mobile, networks and IP services to existing and acquired customers. This strategy of providing a complete business communications portfolio to our customers has generated significant organic growth of around 15%.' Responding to industry rumours that SpiriTel may become an acquisition target, he said: 'I would be disappointed if there was not some financial interest in SpiriTel. In a rapidly consolidating market you have to keep eating or be eaten, but we want to keep eating. We have a machine that really works and there is no reason to exit right now.' Second and last paragraphs make interestin readin. I is buyin more n more of dese muvvas. Cheap as chips.
well slowly but surely some positive news just around the corner!
i is buyin sum more of dese muvvas. it lookin very nice from me rockin chair - soon we be dancin wiv dem stars in da sky.
me breath is baited
Tomorrow could be an interesting one.....
Also maybe there will be some hot news at the AGM on Thursday 21st!
Gosh this is quiet I guess everyone waiting for the announcement on the next aquisition which should be just round the corner! Maybe then we will start to see a few more ticks upwards!!
good finds martin44. 2011 EBITDA estimate of £4.8m is conservative. i is taking a 20% growth rate cos that is what they made this year in the growth business areas and i calculated EBITDA of £6.5m. either estimate makes the business look real cheap. should get some interest if FinnCap can get anyone to listen. if my figures hold any water we should be gettin a tradin update in november saying we is ahead of expectations.
Very positive news moving forward..... £5m Punch Taverns contract win highlights benefits of upselling, says analyst SpiriTel's 'foot in the door' approach, which led to the recent £5m Punch Taverns contract win, highlights the benefits of upselling, said Andy Darley, analyst at FinnCap. 'SpiriTel has reported prelims with revenue of £21.3m, 6% ahead of expectations, and EBITDA of £1.6m, 7% ahead of expectations, which does not yet take into account the full period significant benefit of acquisitions,' he added. Meanwhile, a succession of acquisitions have been successfully integrated with material synergies, Darley said. 'When combined with a typical telecoms organic growth of 15%, this leads us to upgrade April 2011 forecast EBITDA 10% to £4.8m.' He added: 'We also issue 2012 numbers suggesting 10% revenue growth and a maintained 13.5% EBITDA margin, cautious given the 15% growth rate and continuing cost savings.'
This is the way to do it! SpiriTel chief executive Alastair Mills says mobile is key growth area for company Increasing customer demand for unified comms solutions has created ideal market conditions for SpiriTel's 'buy and build' strategy, according to SpiriTel chief executive Alastair Mills. Since 2007, SpiriTel has followed a 'buy and build' strategy, which has seen it complete 12 acquisitions to date. In 2008, it expanded into mobile for the first time, buying b2b mobile dealer WN1 for just over £2m in 2008. 'If you can't provide a full solution, this is becoming a difficult place to be in. There are some excellent smaller companies out there that don't have the capacity to do that so a lot of them are thinking that now is the right time to exit. For anyone with access to capital and an integration capability this is a very exciting market to be in right now,' said Mills. Mills said SpiriTel targets companies focused on one specific market. 'I absolutely love one-trick ponies. I love those companies that are very strong in their area with a real depth of customer relations,' he added. The company has seen rapid growth. Starting with 17 staff in 2007, it now employs 175 personnel, with its mobile division expanding from 12 to 40 since 2008. 'Mobile is a key growth area for us,' said Mills. 'We now have around 35,000 connections, making us one of the largest independent service providers.' The Group's customer base, which has risen 175% over two years to 4,200, and its fixed and mobile churn rates, which stand at 4% and 8% respectively, are also testament to the success of its dual strategy, he added. Integrating each new acquisition has been fine tuned at SpiriTel, Mills said. 'We have a track record for very efficient, rapid integration, with one of our mobile companies 90% integrated within 11 working days,' he added. The integration process also saw £1.6m of annual overheads shaved from the acquired businesses over the past 10 months.
Can't understand a word of that!!
As expected and an excellent result at that, all for building the base and pointers all in the right direction,cost savings, higher revenues and control, I am happy for now!
longshanks - looking forward to the party already! Especially the Champers!!
well dun to doze bruvvas at ol man wins. good ta c u gettin up and wid der hood. i is buyin jus a few more of dese muvvas today. damn difficult to get any cos no-one is wantin to sell. now i has dem - i is reddy to go sky high flyin anywayz - dat is it. munday come soon and den we noze da score. da wheel is turnin, da ball is clinkin an i is waitin for it ta hit me sweet number. and when it come good i is havin big party yeah, big party and tara and me muckers is all invited cos we deserve a champagne bath time.
i likes doze bruvvas in da hood. dey is da bizness - biddin hard and pushin dat price up. i donts likes dat bleedin spread though man. me is more a butter kinda guy, geddit.... an why doze muvvas at ol man wins not chasing da price up too - dey is in need of sum reality checkin. dat clok is tik, tik, tokin down ta munday, and den it be party time for shanksy and his brethren. if dey is not in with da hood, dey be pikin up da litter after da party...not much fun. get wid da hood guys an lets get groovin.
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