Stenprop Share Discussion Threads

[sagem] 20/1/2009 08:12

I don't think we could have wished for any better results than this....I think we have a delayed reaction to these excellent results...the share price will react very soon ;-

Turnover & Profits Rise at SpiriTel - 19/01/2009



Communications service provider SpiriTel has published its interim six months results to the end of October 2008 showing turnover up 62% to £11.1 million (2007: £6.8 million) and gross profit up 64% to £4.2 million (2007: £2.5 million).

The statement noted that two earnings enhancing acquisitions were integrated, expanding product set and customer numbers - WN1, a mobile reseller (acquired April 2008), and ED Communications, a network services provider (acquired August 2008)

Other highlights include:

- Customer base increased to 2,200 business customers (2007: 920)

- Organic sales growth of 30% excluding acquisitions

- Cross sales contracts of £1.4m won during the period

- Three year managed services contract awarded by Young and Co.'s Brewery Significant progress in development of converged mobile products, mobile applications and hosted VoIP and WiFi services

- Awards won during the period include Converged Solution of the Year (National Comms Business Awards); VoIP Solution of the Year (Federations of Communication Service Providers Awards); Best Newcomer (International Directories Awards) for the 118 918 service managed on behalf of Virgin Mobile.

Commenting on the results, Alastair Mills, Chief Executive Officer of SpiriTel, said: "I am pleased to announce a strong set of results for the Group. The progress that we have made operationally and financially demonstrates a successful execution of the Group's stated strategy of acquiring and rapidly integrating complementary businesses and driving organic growth from the cross-selling opportunities that are presented by a growing customer base. We have now delivered four consecutive periods of growth in underlying EBITDA"

[sagem] 19/1/2009 18:19

This stock is still under the radar....when word gets out how well this company is doing the share price will steadily rise...perhaps now is the time to buy or top up.

[tara7] 19/1/2009 16:28

Take the non cash loss out and they made 400k.

[tara7] 19/1/2009 16:25

Non cash loss, take a look.

[relishing] 19/1/2009 16:13

Still making a big loss then.

[sagem] 19/1/2009 16:11

AS SAID BY SHARECAST.COM......

Spiritel, the business communications service provider, saw pre-tax losses narrow to £1.7m from £2.3m before on turnover that increased 62% to £11.1m.

"The economic outlook for 2009 remains volatile and challenging for all businesses. However, following a significant restructuring of the business over the last two years, we have established a strong platform for sustained future growth by selling an expanded product portfolio into a growing customer base," said the group.

[sagem] 19/1/2009 15:15

i think a small profit and they sell...money is tight.

[whe4to] 19/1/2009 13:54

goog results in current climate...why all the selling??

Don't understand!

[sagem] 19/1/2009 11:13

Market makers wanting stock....much more news to come I THINK

[tara7] 19/1/2009 11:10

Looking very good here today, next company STP buys should add 20% plus to earnings from day one.

[m8] 19/1/2009 10:53

Directors are eyeing up another gem for take over at a bargain price in this environment.

[tara7] 19/1/2009 09:07

The sells this am seem to be eaten up by the MM, good results but to me points to more good news on the way.

[martin44] 19/1/2009 08:09

Excellent set of results continuing the strong platform STP have been building.

Onwards and upwards......

[m8] 19/1/2009 07:31

VERY GOOD. STP are benifiting from the economic downturn. By offering network rationalisation, offering their customers the oppertunity to increase efficiency and reduce costs.
Their last contract win over BT proves this is working.

[sagem] 15/1/2009 18:46

It will be 29th or 30th JAN SAT IS THE 31ST JAN ANY GUESSES ?

[rcktmn] 15/1/2009 18:13

for the past 2 yrs the int results have been released on either 30/31 Jan so good chance it'll be the same this yr!

[martin44] 15/1/2009 17:02

Yes I am guessing that it will be the Interim results and hopefully a trading statement, I am positive all good news!

[sagem] 15/1/2009 15:26

The share price is stuck until we get some news, I hope it comes before end of month and I think the news will be good especially if it is a trading statement.

Nobody buying or selling....just sitting on the fence waiting for news.....................anybody contacted SPIRITEL

[tara7] 15/1/2009 12:35

This month

[relishing] 15/1/2009 12:33

When are the next financial results expected?

[sagem] 08/1/2009 09:28

This must be the biggest bargain of 2009

[martin44] 07/1/2009 21:42

All Good News moving forward I am sure......

[sagem] 07/1/2009 20:41

LOOKING REALLY GOOD;-

SpiriTel Spirits Away Major Voice Contract from BT 07/01/09


Business communications service provider SpiriTel has won a major private voice network contract with a leading international hotel group.

The two year deal, expected to generate £600,000 of revenue, is a significant cross selling success for SpiriTel who will replace BT as the provider of the customer's private UK voice service. In addition, the customer has renewed a three-year maintenance agreement with the Company, which is expected to generate over £2 million of revenue.

This contract win is further evidence of the successful delivery of SpiriTel's "acquire, integrate and grow" strategy, with organic growth being driven from cross-selling the Group's expanded product range covering fixed, mobile, data and networking services. The contract brings the total of cross-sales orders to over £2 million since the April 2008 year end. SpiriTel is also in negotiations to provide an additional, UK-wide voice replacement service covering all the customer's sites.

Commenting on the new contract win and renewal, Alastair Mills, CEO of SpiriTel said: "Following the renewal of their maintenance contract, we were delighted to be awarded a major contract to replace a BT service for this customer, one of our existing global hotel customers.

This is another significant cross-sell for the Group, delivering on one of our key strategic objectives. In addition, the deals increase the level of earnings visibility and cash generation in the Group. We are operating in a particularly challenging economic environment. However, we expect this to create ongoing opportunities for SpiriTel as customers assess cost saving opportunities more closely. We have a track record of providing cost effective solutions that enhance productivity for customers and, with our expanded product portfolio, we can now provide the full range of converged services that our customers are seeking."
..........................................................................................................................
HIGHLIGHTING THIS SECTION
Commenting on the new contract win and renewal, Alastair Mills, CEO of SpiriTel said: "Following the renewal of their maintenance contract, we were delighted to be awarded a major contract to replace a BT service for this customer, one of our existing global hotel customers.