Stenprop Share Discussion Threads

[someuwin] 06/6/2008 13:05

that's a bit more like it.

[neguss3] 06/6/2008 13:04

someone was willing to pay well over the asking price

[someuwin] 06/6/2008 10:54

Looking at the way the share price has been creeping up and consolidating lately, My guess is that we will be at 1.5p by the time results come out. Results will be very good, which should then easily put us back over 2p.

[tara7] 06/6/2008 10:41

Looks like level 2 is about to pop.

[someuwin] 06/6/2008 10:38

"It's been a process of two elements - consolidation and cross-selling. We now have a full range of systems, on-site and hosted, to offer. We have a mobile offering, and we recently won the largest VoIP deal in the UK on the strength of our relationship with Mitel. We're a full business ISP and we have our own next-generation network and core IP backbone. Last year we grew from £13-£16 million and next year we'll be a £21 million business. Our share price is up 75 per cent. We're well-positioned in terms of financial performance and the scale of capital we can raise, and you will see us making further acquisitions."

[tara7] 06/6/2008 10:32

Keep telling u guys the story has yet to start. The directors want to see this grow 50%-200% per year. They know what they want and how to do it. buying up small telcos that are in profit now, on very low pe"S. Save head office costs, cross sell and get our share price flying. Reason, we, as shareholders, are going to make huge lumps of cash is down to the low base cost, and super fast growth. I am looking at 3-7 new firms to be bought over the next year or so, all getting bigger as we go.

[someuwin] 06/6/2008 09:55

Still plenty of time to add some more rcktmn.

You won't often find a recovery play as good as this one!

Remember, the share price had drifted down to virtually nothing and was valuing STP at failure...

"the business was struggling and by 2005 it was technically insolvent with just six customers and one wholesale product."

But, over the last 3 years this company has changed beyond recognition by way of management change, company restructure and 5 acquisitions. The share price is only now starting to react to those changes. It is picking up slowly but should accellerate as the city wakes up to the recovery story here.

Trading update or full results in the next few weeks should go a long way to increase awareness!

[rcktmn] 06/6/2008 09:26

It's looking good! I've already I'm up by 30% on my investment since I bought in just after Xmas. as always, having been successful with a particular share (htis hardly ever happens) I wish I'd bought more!... onwards and upwards..

Good luck all, especially those who have been here for a long time at a much higher sp

[8trader] 06/6/2008 09:19

Have i missed something then, dont help Stp rns share with a big player
with same ticker !

What i'm saying is instead of converting all of the debt with Penta into
stock...if they can pay down some of the debt then the dilution will be
less in the long term.

"Following the conversion immediately after the EGM, Penta shall thereafter have
the right to convert up to a further £8.4 million of Spiritel's remaining
indebtedness in respect of the Loan Facilities and Preference Shares into
Ordinary Shares at a price per Ordinary Share which is the higher of (i) 1.5p
per Ordinary Share or (ii) the most recent placing price for Ordinary Shares.
The minimum conversion price of 1.5p per Ordinary Share represents a premium to
the share price of 131% based on the closing price of 0.65 pence on 22 February
2008. However, all conversions thereafter will also be limited such that Penta's
maximum equity holding does not exceed 49.99% of Spiritel's issued ordinary
share capital"

[someuwin] 06/6/2008 09:17

...and in 5 years Spiritel will BE a very big telecoms company!

[someuwin] 06/6/2008 09:16

Most - if not all, debt has now been cleared since the recent restructure.

[8trader] 06/6/2008 09:12

You cant argue that he gets paid well for what he does though !

He probably end up getting poached for a big telecoms in say 5 years
time and be on a fortune.

All the vibes look good now for Stp, if they can start repaying debt
with cashflow that would be the best news in this debt hate market.

[someuwin] 06/6/2008 09:12

For release 6 June 2008

SPIRITEL PLC
("Spiritel" or "the Company")

SPIRITEL RECEIVES DOUBLE INDUSTRY RECOGNITION

Spiritel wins 2008 Enterprise Convergence Award for Voice over IP Implementation at Regent Inns

Alastair Mills, CEO nominated for Ernst & Young's 2008 Entrepreneur of the Year Award

Spiritel plc, (AIM:STP), the business communications service provider, is delighted to announce that the Company's significant recent progress has received double recognition from industry sources in June. The Company has been awarded the National Comms Business 2008 Enterprise Convergence prize for their implementation of a VoIP solution for Regent Inns plc, whilst Chief Executive Alistair Mills has been nominated for the Ernst & Young Entrepreneur of the Year 2008 award.

The nominations mark a transformational year for Spiritel, which has grown considerably through five acquisitions and moved to operating profitability.

[someuwin] 06/6/2008 09:01

Yes - yet more evidence of what a transformation this company is undergoing.

- and still so very undervalued!

[tara7] 06/6/2008 08:56

Yep, and a few rich punters would do well to come on board now, with the rate of growth about to jump again.

[james t kirk] 06/6/2008 08:50

Nice release on awards for Spiritel, clearly a company going places!

[someuwin] 04/6/2008 10:30

Should be getting a trading update for the year to end 30th april later this month, and we know from the guidance given in febuary that it should be very positive...


LONDON (Thomson Financial) - Spiritel PLC said it expects its underlying
operating profitability for the second half of the current year to be
substantially ahead of its previous expectations and at least double the level
of first-half earnings.
The company said it anticipates the second-half revenue to be over 30 pct
ahead of the first half, and not less than 15.8 mln stg for the full year to
April 30.
The business communications service provider said tdotcom, acquired in
October 2007, is outperforming initial expectations and revenue and
profitability from tdotcom, which has now been fully rebranded as Spiritel
Business, is substantially ahead of pre-acquisition performance.
"We expect trading in the fourth quarter to build on our strong first nine
months and bring the financial year to a very encouraging conclusion," chief
executive Alastair Mills said.

[someuwin] 02/6/2008 21:39

Young gun fires SpiriTel into front rank position

30 May, 2008 - 09:51

When 32-year old Alastair Mills moved into the hot seat at failing service provider SpiriTel in 2005, his aim was to achieve much more than being one of the youngest CEOs in the comms industry.

Mills' considerable challenge was to bring the company back from the financial brink. Three years later, Mills has more than succeeded in his quest thanks to an acquisition-led growth strategy, turning SpiriTel into an integrated B2B service provider with 2,000 customers that will scale the £21 million barrier within the next 12 months.

"I had joined from Telewest the previous year to run the company's main wholesale subsidiary (Expo Communications)," he said. "But the business was struggling and by 2005 it was technically insolvent with just six customers and one wholesale product. "I wanted us to own our business customers, which is quite a challenge when you have a legacy of poor financial performance. But during the course of the last three years, we've raised £8-9 million and completed five acquisitions.

"It's been a process of two elements - consolidation and cross-selling. We now have a full range of systems, on-site and hosted, to offer. We have a mobile offering, and we recently won the largest VoIP deal in the UK on the strength of our relationship with Mitel. We're a full business ISP and we have our own next-generation network and core IP backbone. Last year we grew from £13-£16 million and next year we'll be a £21 million business. Our share price is up 75 per cent. We're well-positioned in terms of financial performance and the scale of capital we can raise, and you will see us making further acquisitions."

Mills is bullish about current market conditions. "At the moment, we're not feeling the pain," he said. "Where others have struggled, our new bank has just lent us £2 million. In such tough times, that reflects what we've achieved. When a phone system breaks, you can't not fix it just because the interest rate has gone up. You can't stop making calls just because the bank won't lend to you. Your sales guys still need to make their mobile calls."

SpiriTel, according to Mills, is well positioned to surf market trends that are simply emphasised by tough trading conditions - the shift in accounting for comms spend from CAPEX to OPEX, and rising demand for hosted services. "We're a fully integrated, one-stop shop with a diverse and future-proof product set," he said. "That's what you need when the pace of change is so frightening. I was looking at a Blackberry with Satnav the other day - increasingly, you've got one device that does so many things."

Another subtle shift in SpiriTel's strategy took place in January when, with the scale of its network and product set in place, it focused with renewed vigour on developing routes to market and started to court resellers and dealers with its hosted VoIP service. Mills had already noted the approach of some resellers on the strength of SpiriTel's credibility with the Mitel platform. "To get a hosted VoIP product in place is a complex business and we've made a lot of mistakes along the way," he said.

"You have to back the right horse and we're backing Mitel. Customers' voice services are too business-critical for them to take a risk on new start-ups. The underlying platform provider is crucial. The guy in the street knows the likes of Mitel and Nortel. And now we can present real users to the channel. Resellers can expect to hear a lot from me in the months ahead."

Mills' eye is set firmly on the relatively low churn of the systems reseller sector. One-trick ponies - call and line dealers - are, he said, particularly vulnerable at the moment. "It's a cliché but customers are looking for an integrated SP," he said. "They used to have five suppliers but now they want it all under one roof. It's a really tough time for dealers who are being squeezed out on deals, because it inevitably increases churn and that devalues the company. I'm not saying these guys don't have value. There are some loyal customers out there and many of these companies are sitting on real value and there still an opportunity for principals to make a lot of money. And if we can cross-sell into them we'll really be able to extend our reach on the hosted side."

Mills said he's excited by consolidation in the market. Acquisitions will continue to redefine the landscape, he suggested, and he expects SpiriTel to play a full role in the game. "We see it as an opportunity. I was just speaking to a broker doing research on an IT company who'd identified 40 potential acquisitions! There are 1,000 resellers out their in the sub-£5 million turnover bracket. In the next five years, they could all be up for sale. Show me another sector like that in the UK comms channel."

Mills said that in the long term, the market could be dominated by 10 giant resellers-cum-integrated SPs. "The interesting thing is, who will end up buying the large guys? Who is going to buy the Tiscali base? If Vodafone does, a mobile operator will get into fixed line and broadband on an unprecedented scale. All bets are off."

[someuwin] 29/5/2008 08:39

We've had plenty of good news - and there's plenty more to come.

The share price is up over 100% since the start of the year.

Just have a bit of patience and you will be well rewarded.

[sagem] 29/5/2008 08:15

Unless we get news these tiddlers are going no where..Its only news that drives the share price.....so we need news urgently...why are they dragging their feet.

[someuwin] 28/5/2008 13:15

Telecoms is a hot sector to be in these days...

"Cable & Wireless says made preliminary approach offer to Thus"

[someuwin] 27/5/2008 15:08

Chartwise it looks set for a major step up soon.

[tara7] 23/5/2008 14:09

8, was it you who would not buy, cos at the time, the directors had not.?