Telephonetics Share Discussion Threads

[Abuse team] 08/2/2007 11:21

Post removed by ADVFN

[spooky] 08/2/2007 10:40

Hybrasil - Thankyou for the reply.

[hybrasil] 08/2/2007 09:48

100k shares

However these must look interesting at some stage but I think I will have to wait until after the 22nd before deciding whether to average down,

[spooky] 08/2/2007 08:31

Was it an open ended offer or an offer of a specific number of shares ?

[hybrasil] 08/2/2007 08:25

I think you should wait until after the 22nd.
Mbaxter. I agree it certainly looks like insider trading.My broker was telephoned yesterday and offered more stock following my purchases on the 5th.

Finally I admit that, once again I was wrong! (post 244)

[spooky] 08/2/2007 08:18

LBO or Hybrasil - Any thoughts here ?

[mbaxter] 08/2/2007 07:16

Another example of price action in the market signalling the content of an outlook statement?

[hybrasil] 05/2/2007 10:57

I have been following these for some time. I have a large holding in eckoh and I think these are now undervalued. Bought 25k this am at 12.75p. I accept they may have further to fall and that the results due on the 22nd wont be great.


EDIT

Just bought another 100k at 12.5p

[lbo] 24/1/2007 10:56

Looks like Teather and Greenwood came out with a buy note on the 19th of January too

[lbo] 19/1/2007 11:13

Again the mms are screwing some poor forced or disillusioned seller who is selling at the worst possible time when volumes are so low and the newsflow from the business is so poor! The mms are taking the complete pss out of any seller now. Seems that the stock is very tightly held. Hopefully, it will fall more and the mms at some stage will narrow the spread and allow some quiet buying.

Would not be surprised if we see a bid materialise for these soon after the way managment have failed to deliver.

[lbo] 18/1/2007 18:47

Seems to be some activity again. A similar scenario happened with UCG after they floated and initially got their growth startegy all wrong. They were punised too by the market and it is common with Small Caps for investors to lose interest and confidence. However, managment did eventually get to grips with the problems and it has risen 40% since. The trick was to time when to convert your shorts to longs.

[hybrasil] 17/1/2007 17:45

sells today at 11p. ie below the bid price. So what is the true price here.

[clocktower] 17/1/2007 13:31

All sells but its holding up well.

[clocktower] 16/1/2007 12:06

Looks oversold.

[lbo] 21/12/2006 10:59

mbaxter it depends whos figures your using. Either way if ECK is expected to have £1.9m profits in 2008 and has and EV of £22m while TPH is expected to have £2m EBITDA in 2007 and is only on an EV of £11m.

Seems to me TPH could be worth something to ECK

[mbaxter] 20/12/2006 20:45

LBO - your figures for ECK look to be out of date, latest forecasts are 0.54/£1.9m for 2008.

[lbo] 20/12/2006 19:23

Its always a risk with AIM stocks but these guys had performed in the past before this was listed. It seems the VIP integration has developed into a bit of a mess and distracted them off the top line growth and it was always a risk (same thing happned to Morrisons after taking over Safeways) and if managment cant deliver the benefits and put the focus back on the Top line again things someone else should.

The Directors are substantial shareholders themselves and you would think they would have more incentive then many to get sales and profits back growing at well above 15% pa. I also note they say today they are seeing "new contract wins" and lets see if that happens anytime soon

Teather and Greenwood is now estimating Profits of £2.9m in 2007 (down from £3.9m which was being forecast pre October) (Looks unlikely to me) and if they had met this years estimates of £1.6m that would have still been 81% profit growth in 2007. (Again was always unlikely to me) Now it looks like they will have around £0.5m profits this year and at best I would expect them to only come in at £2m EBITDA for 2007.

By the way the £2m EBITDA could be achieved on no new contracts as the TPH business pre-VIP made circa £1m EBITDA in 2005 and the VIP as a standalone was also making £0.5m EBITDA. This gives £1.5m EBITDA (maybe a bit more when you factor in the full year of the Cineworld contract) which when adding back in only £0.5m of the £0.8m in costs savings from the integration of VIP should easily see them hitting £2m EBITDA with no new contracts at all. However, we may need to also factor in some higher capital expenditure too.

Its also interesting when you see that brokers for Eckoh have FY07 EPS estimates 0.34p and FY08 0.47p. Thats less then £1.4m profits forecast for 2008 and they are on an EV of £22m.

[deanroberthunt] 20/12/2006 17:44

I was just expecting more than just a regurgitation of the previous trading update....so from that perspective I am a "tough man to please", I suppose I'm just frustrated about the lack of closure with the "significant contracts"....additionally, I'm always nervous about Directors of small caps, as they tend to go from being economical with the truth to out and out liars and cads.

[lbo] 20/12/2006 16:47

You were giving out that they had not released a statement above and now your giving out that they did.You seem a tough man to please!

Although, I do agree no news would have been better news. I also agree about the significant contract wins but you would think they are now concentrating on getting sales growth back on track.

"there is a healthy pipeline of new business and we are starting to see these contracts and opportunities filter through to completion."

PS they were nominated for the best AIM Technology award but sadly did not win


They were in the Roll of honours for National Buiness Awards in 2005 too


Lets hope managment can exploit the potential of the technology or someone else will IMHO.

[deanroberthunt] 20/12/2006 09:13

LBO...nothing new in that trading statement, waste of time imo.....if those new contract wins were anywhere near significant, then there would have been a specific RNS....still waiting for news of "significant contract wins".

[lbo] 20/12/2006 08:51

I would hope they are working very hard! Perhaps a nudge might make them give some news. But sometimes on AIM having no news is better then having bad news.

Anthony McKay, Telephonetics' Chief Executive, commented:

"Since the trading update in October, we have been extremely focused on
addressing the issues we faced at that time. I am pleased to report that we are
starting to see the results of this effort with a stronger, fully integrated
team and new contract wins."

[deanroberthunt] 11/12/2006 17:43

"The Company will update the market in due course and, in any event, promptly after the year end of 30 November 2006".

I wonder what their definition of "promptly" is?

[deanroberthunt] 11/12/2006 17:37

LBO....hope so m8, but still no news about the "significant contracts" still to be closed, and you need to bear in mind that we've had a profit warning, so future revenues/profits have been significantly reduced from previous forecasts...

[lbo] 11/12/2006 14:05

Will this ever get back to 20p!