Teleunit Share Discussion Threads

[cmp2] 19/8/2005 09:32

any idea when results are out?
i've been holding this for some time now and find the static share price very frustrating to put it mildly!!

[ukhawk] 17/8/2005 22:19

XWP, glad to see you're still around ! Yep, appreciate there's a lot more to it than SMS. Remember reading some of your links before but good to get a recap. Hope it will stimulate some interest, but looks like a lot of people sitting on their hands here until the results.

[xenawarriorprincess] 17/8/2005 20:59

Update on everything I think. TLU is more than SMS numbers - much more.

I'm very keen on TLU - not that it has benefitted me financially!

Although they make quite a few announcements I think this is definately one company where you have to read between the lines to decide what is really going on.

For example TLU came to market in about April 2004 at 20pish on the basis that it was going to extend is WLL facility beyond Umbria to Tuscany and 3 other regions of Northern Italy by the end of this year.

So far, apart from its original licence in Umbria it has only managed to get the licence for Tuscany. This is not through failings on the part of the company but due to the less than snail like pace of the Italian Civil Service And even when they did get the Tuscany licence it was only due to their purchasing an already exisiting licence from another company. The Italian government has simply failed to hold the auctions for the licences despite assurances to TLU that they would - smells like a bit of corruption to me via Telecom Italia.

However as we know TLU has been active in other areas - and this (IMHO) is where the real TLU story lies.

TLU still seems to present itself as principally interested in the WLL market - it was on that basis it was floated. However apart from the problem with obtaining the new licences last years revenue from WLL activities was only E619K of a total E60,768K. Very small beer.

What has really happen is that TLU has moved away from the high tech WLL rollout, into much more high revenue generating but low tech areas. This sems to have not been explicitly stated by the company, maybe they fear a major change of direction announced so soon after floatation will scare off the institutional investors.

This link however outlines part of what appears to have been really happening -



The important bit is where it talks of TLU taking a strategic decision to penetrate the residential market across the whole of Italy. TLU's official emphasis is on SME's in Northern Italy via the WLL.

This is also interesting (about half way down the page)



I did see another article which spelt matters out even more explicitly but I can't now find it again.

I know some of the few TLU followers that there are are excited about the SMS market - new to TLU this year and growing like topsy. There are no figures for revenues from SMS in any results because it is that new - however this is not the only area of TLU's business that is growing at a dizzy rate.

Premium access sales grew from E35370K to E42534 between 03 and 04, profit before unallocated expenses E5750K to E9103K, but another real growth area was prepaid cards. Revenues in 03 were E964K, 1st half 04 E3694K, 2nd half 04 E5837K, pre unallocated expenses profit from prepaid cards was E109K in 03, in 04 it was E2430K.

The recent deals which TLU has done re Pro Advertising, Starline, Distech etc all seem to be aimed at bolstering these very high growth markets.

Whilst TLU itself seems to be very high growth, the share price isn't. I'm not sure why - maybe because it is a foreign company, maybe the institutions have sussed the strategy has changed and don't trust the company anymore (money raised on one understanding, spent in otherways), or maybe it is a hidden gem.

Either way I think the next results will be very interesting, and hopefully the company, and its share price will get the recognition it deserves.

[ukhawk] 17/8/2005 12:17

Only 3 weeks now 'til interims, and another update on SMS subscribers.

[ukhawk] 10/8/2005 22:15

Start of the year it was 20k average 9 weeks, 8june 100k av. 12 weeks, now 150k av. ?. Would presume it's still 12weeks, maybe that'll be clarified in the interims. With the start of the Italian footie season shortly, would expect further increases.

Huge growth, albeit from a low base.

[wjccghcc] 10/8/2005 14:53

Would have been more helpful if they'd said the average subscriber life as well. Last time it was 12 weeks. Hopefully it's moved up a bit.

[ukhawk] 10/8/2005 14:46

50% increase in subscribers in only two months, what more do people want ???

If this was anybody else in the sector the share price would probably have doubled today, lol !

[cockneyrebel] 10/8/2005 09:51

yep, slow going but it's all welcome

CR

[ukhawk] 10/8/2005 08:17

More good news and a small mark-up this morning.

[cockneyrebel] 08/8/2005 09:42

Daniel Stewart put out a buy rec today on the back of the acquisition this am - you can read it at their website.

Still suggests these are very cheap.

CR

[ukhawk] 02/8/2005 11:29

Only 5 weeks 'til interims now.

[ukhawk] 26/7/2005 09:37

Down this morning ? Maybe they were short from friday's buys, didn't get any back moving it up, so shake a few "bored" punters out moving it down again.

Whatever, a true value will be established at some stage.

[cockneyrebel] 25/7/2005 17:15

2mm's up on 20p bid today, all day - but no trades showing - so why the mark up?

Must be trying to fill an order imo.

CR

[ukhawk] 25/7/2005 15:27

Should add that Teather backed up the figures with a buy recommendation out last month.

[ukhawk] 25/7/2005 15:24

No news yet on who bought the 740k on friday. Well even if it's not a director it's certainly not somebody having a punt with no knowledge !

Just been looking back at Daniel Stewart, the house-broker's three successive buy notes. Euros 5m revenues this year with Euros 3.6m gross profit. Current p/e 10x, next year p/e 5.3x. Bit more now, so we're looking at around 7 for next year in a hot sector !

[cockneyrebel] 25/7/2005 12:56

MM's trying to fill a larger order imo - 2mm's on 20p now yet not a single trade showing all morning, despite the pre-market mark up.


Chart looks like it's going to make a breakout here after an exoended flat period - might be fun.

CR

[ukhawk] 25/7/2005 08:22

Looking promising, don't think it would take much to move it further.

[cockneyrebel] 25/7/2005 07:52

marked up pre-open

CR

[ukhawk] 23/7/2005 13:56

Cr, I think you're right there. Earlier in the week you could buy a lot more than you could sell online, by close of play y'day the opposite was the case. Wouldn't expect MM's to keep a large float and more large buying should move it up pretty quickly. As you say, if it's director/s buying as well,then a few more punters will pick up on it.

[cockneyrebel] 23/7/2005 13:35

stocks often start moving up on large trades like this, quite possibly an overhang cleared - even nicer if they turn out to be director buys.

CR

[ukhawk] 23/7/2005 13:28

Yesterday's trades were very reassuring. I was beginning to think there was a catch, but nobody buys that many without a good reason. Don't think it will be too long before there's a few more on this thread.

[flintsurfer] 23/7/2005 13:15

Thanks CR - glad to see someone thinks the same

[cockneyrebel] 23/7/2005 12:00

I keep looking at these and thinking they are so cheap.

The results are in Euros and for the year gone these managed dilute eps of 0.29 Euro cents per share. At today's exchange rate of 1.44 Euros to the £ that equates to 2p eps for the year gone.

That give am historic PE of 10 and growth of 50% which seems very cheap.

MOB trades on an historic PE of 40 and growing at 45%.

Hopefully those large trades on Friday and the tick up in price signifies a bit faster move up in the share price. Been moving up gradually since May but well off the 29p high while most of these mobile media stocks are all trading at all time highs or near to them.

TLU looks like the forward PE is mid single digits imo.

CR

[stued] 22/7/2005 16:22

phew - was starting to fall asleep here! :-)

[cockneyrebel] 22/7/2005 15:36

Blimey - bid moving up - is that stock clearing or a director buy? either way it's had the desired effect.


CR