Stenprop Share Discussion Threads

[sagem] 02/8/2008 14:52

When do we hope to hear about SPIRITELS new acquisition especially now that we have had those fantastc results which were far above expectations, the new acquisition will be very interesting as Spiritel certainly know what they are doing and doing it extremely well

[martin44] 02/8/2008 10:07

I must say that I think this is very important from the CEO statement!

We remain selective in our evaluation of targets so as to ensure we minimise execution risk through adding the right customers, products and staff to our existing base. Furthermore, the restructuring of the balance sheet and the Penta Debt Conversion agreement lends further support to the strategy, as further fund raisings will also enable Penta to convert further debt and thereby reduce SpiriTel's gearing.

This integrated capability is crucial in a market where customers are increasingly looking to suppliers to provide the full range of services they need from a one-stop shop supplier. In a highly fragmented marketplace, in which there are up to a thousand resellers with less than £5 million of turnover, we are among the few that can offer this scale and range of products and services. Customers recognise this as a differentiator in a competitive market place and we are enjoying the benefits of providing a fully converged offering

There are many more resellers that STP can benefit from by acquiring and the Bank was happy to advance further funding for the future....

[butch9850] 01/8/2008 20:22

With future acquisitions, Stp you must agree 8trader will be over 3p this year.

[someuwin] 01/8/2008 13:54

Well, the potential acquisition is still progressing well - just needs time.

[wwc] 01/8/2008 13:41

not director trade! 100% know that. Just need good news now. fingers crossed.

[martin44] 01/8/2008 12:46

Well another little 100k buy at 1.9p seemed too good to miss with news still to come!

[tara7] 01/8/2008 12:34

If that turns out to be a director buy, we have just 4 hours to get in.!!!!!

[someuwin] 01/8/2008 12:29

500,000 Buy gone through.

[tara7] 01/8/2008 11:50

8trader, you need help, we have done our best to tell u why this share is such good value. A rise from a market cap of around 3m pounds to 9m pounds might give you a clue. Broker note out yesterday might give u another, [buy.] The tone of the report/results from the company might give u yet more idea.

[someuwin] 01/8/2008 10:24

8Trader - you made good money on STP a few months ago now you are back posting negatives and bashing the stock.

Isn't that exactly the behaviour you decry in certain other posters?

[8trader] 01/8/2008 10:19

Greed is not good imo Sagem, the shares have risen from 0.5p to 2p
in under 12 months but where is the value now ?

And you all ignore the balance sheet questions i raised ?

[sagem] 01/8/2008 09:45

Well somebody just sold 300,000 must be a t20 trader or just short of cash, can't wait for the BIG share price increase. Whoever it was he/she got bid 1.8p

[tara7] 01/8/2008 09:14

Now is just about the last chance to buy the shares at these low levels, up to now, we have had a free run, but the city bods are about to jump in, when they do the rise tends to be very fast indeed. Any upgrade, new company buy etc will just make it hard for punters here to buy in amounts above a thousand pounds. These results put a very solid floor under todays share price.

[someuwin] 01/8/2008 08:50

This is the brief update put out by Daniel Stewart yesterday. It is only an initial reaction to the figures, they will put out a more detailed Research Note with revised recommendation and target price in due course...



* Spiritel today announced their final results for the year ended 30 April 2008 which are ahead of our expectations.

* FY08 revenues were £16.67m (2007: £13.65m) versus our estimate of £16.17m increasing 22.2% year-on-year.

* EBITDA moved from a £0.64m (adj.) loss into profitability at £0.94m, ahead of our estimate by 15% due to the strong incremental impact of top-line contribution. The resulting EBITDA margin of 5.6% was above our 5.0% expectation.

* PBT was a reported £4.0m loss (2007: £3.1m loss), inclusive of £0.19m in share-based payments, £3.1m of non-cash finance costs relating to the conversion of Penta debt, £794k of amortisation and £0.62m of exceptional costs. Excluding the non-cash adjustment for the Penta debt conversion, pbt was a loss of £1.03, ahead of our estimate of a loss of £1.32m.

* EPS (pre-exceptionals) was a loss of 1.19p (2007: 1.33p loss). EPS (pre-exceptionals and Penta) was 0.08p against our estimate of a loss of 0.24p.

* Spiritel generated £910k of cashflow from operations (2007:£1.2m outflow) with year-end cash improving from £0.3m to a £1.1m balance.

* Spiritel has a stated acquisition strategy to offer a broad range of products and promote cross selling having acquired 5 companies in the last 18 months. We believe that these results indicate the success of this strategy and set the stage for further acquisition-led growth in 2008/9.

[butch9850] 01/8/2008 08:18

Double whammy, i think. I really think the company will be bigger than the ones before.

[sagem] 31/7/2008 21:10

butch9850 ...Why do you think they did not include this acquisition news with their results, could it be to make a further impact TWICE rather than ONCE. Good idea to do this I would think.

[someuwin] 31/7/2008 20:20

The stockmarket report from UK-AnaIyst.com for Thursday 31st July 2008

...

"Business communications provider Spiritel (STP) posted its unaudited results for the year to 30 April 2008, revealing its revenues climbed by 20% to 16.7 million pounds on the back of the group's move towards higher margin products and services. Despite this, pre-tax losses after non-cash finance costs widened from 0.6 million pounds to 3.1 million pounds. Spiritel finished the year with cash in hand at 1.06 million pounds - more than three times that of 2007. The group recently completed a two-year business restructuring program, which the company said helped boost its results for the period. "Following two more acquisitions during the year, the Group is now a fully integrated business communications provider. This is a key differentiator for us in a market where customers are increasingly looking to one supplier to provide the full range of communications services they need. In a highly fragmented sector, we are also taking advantage of ongoing acquisition opportunities to expand our customer base, enhance earnings and, where appropriate, bring new products to the Group offering," said Alastair Mills, Chief Executive. The group has decided not to pay a dividend for the year, but said it will reinvest funds to pursue the company's acquisition strategy. Shares in Spiritel rose by 0.1p to 2p."

[butch9850] 31/7/2008 18:52

Up 5 percent is a bit false. The acquisition will bring 25-50% next week. They're holding off.

[sagem] 31/7/2008 18:51

someuwin .Ilook forward to reading initial broker analysis, and thank you for your trouble. This company has huge potential and in these present markets full of doom and gloom this company will give us all confidence for the future. Many thank's.

[martin44] 31/7/2008 17:30

Well i reckon a great day with a bit of consolidation and more to come when the next company is agreed upon.

[someuwin] 31/7/2008 16:19

Tomorrow I'll post up the initial broker analysis which was sent out this morning - it makes good reading (Today's figures were ahead of broker expectations in all respects).