Teleunit Share Discussion Threads

[cockneyrebel] 22/7/2005 12:06

2v2 now - last I looked it was 1v3 I think, looks like M.Lynch have moved up, now blue.

CR

[ukhawk] 22/7/2005 11:33

CR, has L2 moved ? thks

[maggiori] 22/7/2005 11:10

yep, when these take off, they will take off very suddenly indeed. just a matter of time imo.

[cockneyrebel] 22/7/2005 10:59

A couple of very large trades - if they ar edirector buys these will fly imo

CR

[cockneyrebel] 19/7/2005 17:34

4 mm's, Merril Lynch have just gone blue on your buy Angora7

CR

[ukhawk] 19/7/2005 16:23

Angora, sry don't currently have L2 either. MM activity hasn't been very aggressive lately, not sure if that's the reason, or the result, of the low amount of trading recently.

[angora7] 19/7/2005 14:10

ukhawk - Agreed, the p/e is very attractive. Can't understand the spread though. 10 days ago with the spread at about 14% I managed to buy 25K just inside, and today with it at 9.5% I just bought 25K at mid. Go figure. I don't have level 2 so I can't track what the MM's are doing. As a matter of inerest, how many are there?

[ukhawk] 19/7/2005 13:09

It's strange that more people haven't picked up on this though. Maybe it's the spread, or perhaps the "Italian factor", but the figures look good whatever the currency ! Anything with a fwd p/e under 10 in this sector has to be a steal.

[cockneyrebel] 19/7/2005 10:54

I can wait - from what they have said things look bullish, from what all other compaies in the sector say things look bullish.

These are just so screamingly cheap that the risk/reward looks too good to ignore.

CR

[ukhawk] 19/7/2005 10:11

Well we didn't get the trading statement ! Another 7 weeks 'til interims, and the next comment here most likely !

[ukhawk] 05/7/2005 23:27

Maggiori, you're not just talking to yourself. Trading statement exactly a year ago today, so you might be right and we'll get another very soon.

[maggiori] 05/7/2005 21:27

Particularly like this bit from their RNS of 17th May 05, which was tagged on to the end of the main announcement of expansion into Albania.

"In line with our wholesale strategy, we will continue to extend our
international network with bilateral agreements for direct interconnections with
other National Operators. "
Chief Exec, 17 May 2005

Not only are they expanding fast in Italy, they are getting into cross-border
deals too.

Italian and international expansion. Nice. Looks like the market has yet to wake up.

[maggiori] 04/7/2005 22:31

Either way, it's a nice move for them, whatever their motives !:o)

[maggiori] 04/7/2005 22:01

Further thought on that RNS - it seems to be obvious now -

Luxembourg, as we know, is classed as 'offshore' in relation to Italy and therefore this transfer, given the said two companies location i.e. Luxembourg, most definitely appears to relate to the following maxim regarding 'offshore' accounts and the advantages that this brings if a company is generating decent profits.

"Profits generated by a company will generally be taxed at the rate of the jurisdiction in which it is registered, not the rates applicable to shareholders in their countries of residence."

Therefore looks like these two Directors are now getting their act together - all set to make the most of the opportunity emerging from increased profits, and will be realising this through this transfer.

Positive trading statement imminent - imo.

[cockneyrebel] 04/7/2005 15:47

yep, looks like some transfer to me too - tax purposes I guess - getting it into a more tax efficient home before they post a trading statement hopefully :-)

CR

[maggiori] 04/7/2005 15:26

Just been studying this too, first impression looks like a transfer, as opposed to a buy? 2 companies involved, transfer from personal holding to company holdings? Tax purposes ? Who knows - am confused as the next man at mo.

What is certain though is that their commitment remains. One of them is the newly appointed Chief Exec.

Perhaps news/trading update imminent (I speculate of course). Might explain the two Directors focusing on their holdings. Who knows...

[cockneyrebel] 04/7/2005 15:02

Having trouble understanding this but looks like a director has either bought or transferred a wadgeload:


RNS Number:4401O
Teleunit S.p.A
04 July 2005
Teleunit S.p.A
("Teleunit S.p.A" or "the Company")
Notification of dealings by directors in shares in TeleUnit SpA
Identity of Director: Gianfranco Cimica
Date of Disclosure Monday 4 July 2005;
Date of Dealing Friday 1 July 2005
Price per Share #0.1975;
Amount and class of shares 54,099,787* ordinary shares in Teleunit SpA
The nature of the transaction the transfer of shares from the personal ownership
of the director to Morgan Luxembourg SA ("Morgan"), a company in which the
director owns more than 30% of the shares and in which the director and his
immediate family together own the entire issued share capital.
The nature and extent of see above;
interest in the transaction
Identity of Director: Francesco Cimica
Date of Disclosure Monday 4 July 2005;
Date of Dealing Friday 1 July 2005
Price per Share #0.1975;
Amount and class of shares 65,769,593 ordinary shares in Teleunit SpA
The nature of the transaction the transfer of shares from the personal ownership
of the director to Morgan, a company in which the director owns more than 30% of
the shares and the director and his immediate family together own the entire
issued share capital.
The nature and extent of see above;
interest in the transaction
Identity of Director: Gianfranco Cimica
Date of Disclosure Monday 4 July 2005;
Date of Dealing Friday 1 July 2005
Price per Share #0.1975
Amount and class of shares 123,251,268 ordinary shares in Teleunit SpA
The nature of the transaction the transfer of shares by Morgan to TLU
International SA, a Luxembourg company, which is wholly owned by Morgan ("TLU")
The nature and extent of see above;
interest in the transaction
Identity of Director: Francesco Cimica
Date of Disclosure Monday 4 July 2005;
Date of Dealing Friday 1 July 2005
Price per Share #0.1975;
Amount and class of shares 123,251,268 ordinary shares in Teleunit SpA
The nature of the transaction the transfer of shares by Morgan, to TLU
The nature and extent of see above;
interest in the transaction
Note 1: * - this holding includes shares in TeleUnit in the name of Mr Cimica's
wife, Franca Bernardi
Note 2: following the above:
(a) Gianfranco Cimica should be regarded as being interested in 128,495,764
ordinary shares in TeleUnit SpA, representing 68.8 per cent. of the issued share
capital of the Company (123,251,268 shares registered in the name of TLU,
1,837,610 shares registered in the name of Gianfranco Cimica and 3,406,886
shares registered in the name of Franca Bernardi);
(b) Francesco Cimica should be regarded as being interested in
124,251,268 ordinary shares in TeleUnit SpA, representing 66.5 per cent. of the
issued share capital of the Company (123,251,268 shares registered in the name
of TLU and 1,000,000 registered in the name of Francesco Cimica); and
(c) Each of Morgan and TLU is interested in 123,251,268 shares in TeleUnit SpA
representing 66.0 per cent. of the issued share capital of the Company.
For further information:
Teleunit S.p.A
Gianfranco Cimica, Chief Executive Tel: [phone]
Daniel Stewart
Tom Jenkins / Ruari McGirr Tel: [phone]
[e-mail]
Media enquiries:
Abchurch
Heather Salmond / Chris Lane Tel: [phone]
[e-mail] www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSZZLFBEDBEBBZ
For more information and to contact AFX: www.afxnews.com and
www.afxpress.com

[cockneyrebel] 04/7/2005 09:52

agree totally.

CR

[maggiori] 04/7/2005 08:43

In for a modest few this morning, seems like this has been allowed to drift and overlooked by the market as other small mobile/telecoms stocks surge ahead, some of them are looking at their peak imo. This one certainly doesn't.

The recent figures re customers seem promising, and the expansion potential is there.

Might be a question of watch and wait, on the other hand as CR says, if a trading statement emerges this month, then bobs your uncle.

Upside potential significant, downside minimal imio.

[cockneyrebel] 01/7/2005 13:09

possibly ukhawk - look at the chart, it's rocketed twice by in the past 18 months or so by between 50% and 100% in a few days.

Trading statement July 5th last year so next week these will be 30-40p perhaps? :-)

CR

[ukhawk] 01/7/2005 12:45

Is this one of those shares where you sit looking at the wall and then it goes up 25% ? Amazed that there's not more interest here.

[ukhawk] 28/6/2005 14:18

Now bidding 20.25p for 50k online, so didn't take much to move it.

[ukhawk] 28/6/2005 13:30

This needs some publicity ! Hopefully a trading statement soon will make a few take notice.

[cockneyrebel] 28/6/2005 11:59

yep, especially the PE :-)

CR