Teliti Share Discussion Threads

[blank frank] 13/12/2006 20:34

" ... 10 x earnings they should be worth £2.30.Gosh."

Actually, £2.57.5 to be exact, but I wouldn't be complaining about £2.30!

I have already recommended TEL on the thread:-
"Telecom Shares You Should Buy: The Tips League Table"


So I'll let you 'do the honours' on that other thread.

B.F.

[jonwig] 13/12/2006 07:27

SQUAREROO, hello. Party ???

Kimboy gives the pretax profit, the eps forecast was 18p (hence my 16/20p). This was made after the share reorganisation, but before the October 06 acquisition, which was after the year end anyway.

Don't forget that eps is based on the average number of shares in issue over the year to July 31, which will be less than the number in issue at the year-end (adjusted for capital reorganisation).

The £0.4m is the important thing to be looking out for.

[kimboy2] 13/12/2006 00:27

Welcome to the party squareroo. I am afraid its all got a bit dull round here because everyone is fed up with waiting for results.

The forecasts are/were for £0.4m to 31/7/06 and for £1m for the next year.

This would make the shares cheap if it is true and the company does say this years is, more or less. However they do not have a good record of fulfilling expectations, thus the share price

[blindfaith2] 04/12/2006 17:59

Jon > many thanks for your views, the potential there is, well humongous is as good a word as I can think of, if they are able to pull it off and produce what they say.

Cheers BF2

As far as TEL is concerned – boy do investors need some patience !

[jonwig] 04/12/2006 17:05

BF2,

the in-house manufacturing will be limited to cells and stacks. They will test complete systems, built by OEMs.

There's a fair number of posts since the last RNS which go into some detail on this.

Pricewise, a number of short positions are still active, and a wider market correction could send its share price sharply lower. Apart from these caveats, I suppose I could shout 'fillyerboots' but won't!

Meanwhile, each morning I look for an RNS from our very own TEL...

[blindfaith2] 04/12/2006 16:55

O/T

Jon – I made a good few quid with CWR earlier in the year but currently have no holding and wondered what your view was as to a re-entry level as I know that business is one of your specialities. Unfair question I know and I certainly would not hold you to it but I've been dilly dallying around and can't decide when to press the button. I'm a little worried about in house manufacturing tho. If you would prefer not to answer then no probs, thanks

Apologies for posting on TEL's bb but didn't want to ask this question over at CWR's.

[papalpower] 01/12/2006 08:12

1st Dec 2006 Leadcom Integrated Solutions Ltd


Leadcom Trading Update for the Full Year 2006

Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company', AIM: LEAD), a
leading international provider of innovative telecommunication solutions, is
pleased to provide the following trading update.

The strong trading momentum that has characterised the year has continued in the fourth quarter. The Company expects turnover for 2006 to be in the range of
US$137 million to US$140 million, in line with market expectations. Normalized
profit before tax ('NPBT') is expected to be in the range of US$14.5 million to
US$15.0 million. This will establish year-on-year turnover growth of
approximately 40%, and an increase in NPBT of approximately 38% compared to
FY2005. Net cash at the year end is expected to be positive.

The Indian market remains a key opportunity for Leadcom and good progress
continues to be made towards securing material new business and partnership
opportunities in this territory.

Orders and frame agreements for 2007 currently exceed US$100 million. The
Company's current pipeline of opportunities (including India) has more than
doubled from its previous approximate level of US$300 million. This, together
with excellent progress made in existing territories (mainly Latin America and
Africa) and the US, sets the ground for the Company to remain very confident as
to its prospects for 2007 and beyond.

The Company currently expects FY2007 turnover to be at least US$180 million.

Leadcom will release its financial results for the year to 31 December 2006 in
late February 2007.

Enquiries:

Yael Margoninsky - Leadcom
Tel: [phone]

Ben Thorne / Garry Levin - Altium
Tel: [phone]

Luke Ahern - Corporate Synergy
Tel: [phone]

[blank frank] 30/11/2006 19:20

Announcement today concerning two of the companies in our telecoms tips league table:-

07:01 30-Nov-06

"Recommended cash offer by Evolution Securities Limited on behalf of Redstone plc for IDN Telecom plc

• Redstone plc ("Redstone"), the national IT and communications solutions
provider, announces today a recommended cash offer for IDN Telecom plc
("IDN") of 2.939 pence per IDN Share, which values the existing issued share
capital of IDN at approximately £11.4 million and assuming full exercise of
rights under the existing option schemes of IDN at £11.8 million."

[blank frank] 30/11/2006 19:09

"Recommended Offer
It has been announced today that the boards of IDN Telecom plc and Redstone plc
have reached final agreement on the terms of a recommended cash offer to be made
by Evolution Securities on behalf of Redstone plc for the entire issued and to
be issued share capital of IDN."


I wonder what those IDN shareholders are going to do with all that cash ...

(And there certainly seems to be enough of them judging from the amount of IDN posting on ADVFN: .)

According to IDN's interim Chairman's Statement last year, 07:00 20-Jun-05, 59% of their revenues related to fixed line minutes as compared to over 90% three years before, and they expected the percentage to diminish further.

IDN's final Chairman's Statement for 2006, 07:49 30-Nov-06, reveals that this percentage has now fallen to 45%.


Compare to TEL:-
"Analysis of Principal Revenue Streams
Maintenance 35%
New systems inc VoIP 38%
Additional equipment and services 17%
Call billing 10%"
[From TEL's annual report for the year ended 31st. July 2005.]

I think that IDN's much higher proportion of business from call minutes compared to TEL helps to explain its much lower gross margins (on much higher turnover), as margins in call billing can be pretty thin.

I also think that IDN's move away from this area helps to explain its improved performance over the last few years. In my opinion this area of business is best viewed as a bonus to sell to existing customers of other services. And when this is done, the pressure to provide call billing on tiny margins may also be less.

B.F.

[kimboy2] 30/11/2006 11:40

IDN is getting taken over. The terms announced today;



Along with the results;



Values IDN off a P/E of 8.9.

[kimboy2] 29/11/2006 11:45

I don't think the accounts are delayed. They arrived the 1st December last year and they have till the end of January to produce them.

[blindfaith2] 29/11/2006 11:24

Trying ( very hard ) to look on the bright side on the absence of their accounts at least we should have a comment or two about the following six months trading after year end, as after all we will already be 4 months down that road tomorrow.

[whynot3] 29/11/2006 08:55

Anything else that we should be looking out for to be "Broadly in line " ? I'm nervous in that if they were going to be good they would have rushed them out.

[jonwig] 28/11/2006 18:54

Well, FY results were 1st December last year, that was Thursday. Some companies like to stick to the same weekday, but anyway they must be imminent.

I trust that they will be as good as their word: "broadly in line" for me means within 10% either side, ie. 16p - 20p of eps.

[blank frank] 27/11/2006 17:17

From the 19 October 2006 RNS:-

"Current Operations
2006 trading is broadly in line with market expectations and it is the Board's
intention to continue to pursue their strategy of combining organic growth with
selective earnings enhancing acquisitions.
The Board of Directors expects to be in a position to commence the payment of
dividends during the current financial year.
The Company is pleased to announce that it has recently entered into a two year
agreement with Listers Motor Group, one of the largest private motor dealerships
in the UK, to provide telephony services including maintenance, calls and line
management."


Re. the dividends: note that the intention is to start paying them "during" the current year - i.e. by 31st. July 2007. That suggests that something earlier than just a final dividend for 2007 is envisaged.

B.F.

[stemis] 20/11/2006 10:01

I must admit, whilst they said twice now that trading is in line with market expectation

- "Trading in TMG is broadly in line with the current market expectations (15 June 2006)"

- "2006 trading is broadly in line with market expectations (19 October)"

There is a niggling feeling that this will not turn out to be the same as "results are in line with market expectation".

No doubt we will see soon.