Vanco Share Discussion Threads

[henleytrader] 03/3/2008 14:45

Both of you have contributed a great deal on this bb and it will
be a shame for either of you to stop posting. Its research and opinions
that make these bb's worth reading.

[02bursar] 02/3/2008 15:14

I'm past caring about posting here.

[masurenguy] 02/3/2008 15:04

"Every utterance leapt upon and picked over. Keep picking!"

Hmmm......what other 'utterances' of his have I previously 'picked' on ?
Hardly any defence either.

[02bursar] 02/3/2008 14:58

Keep picking!

[masurenguy] 02/3/2008 14:48

Come off it - to refer to an acquisition that took place in August 2005 as 'recent', especially in the context of implying that more could now be possible (despite £70m of debt) is really stretching credibility to the limit.

Would you expect him to refer to a director, who joined the Board in August 2005, as a 'recent appointment' !

[02bursar] 02/3/2008 14:27

Can't do a thing right, can he?. Every utterance leapt upon and picked over. What's 2.5 years to the CEO who started the business 20 years ago and who probably thinks it was like yesterday, living and breathing it? That's what happens when you are very busy building something you know! Time gets telescoped.

[masurenguy] 01/3/2008 09:01

Extract from the above link in post #795.

"Noting that other VNOs are a tenth the size, Timpany said that if a strong competitor does emerge, Vanco is planing on buying them up. "We have a natural place as consolidator," he said. "We seek to acquire others in the industry we invented." He cited the recent acquisition of Universal Access as example. It was turning over $45 million (£22.5 million) in the US market, an area where Vanco wanted to boost its presence."

How on earth do they think they could fund any further acquisitions at the moment ? Their existing debt is circa £70m. If they tried to use paper they would further dilute a share price that has already fallen by 85% over the past year - I'm sure that shareholders would really appreciate that !

Furthermore, what is this reference to the 'recent acquisition of Universal Access'. That was two and a half years ago in the summer of 2005 - how can that be classified as "recent" ! At that time they were able to fund an acquisition via a placing because the share price was then circa 450p (more than 500% above the current price) and rising so it was easier to raise money in the market at that time. There also was no credit crunch in operation at that time and neither were Vanco in a position where they found it necessary to publicly reassure the market that they still remained in compliance with their banking covenants either.

I really don't find 'acquisition talk' to be a credible proposition at the moment and wish that they would focus their attention on addressing their current funding requirements/capital base in relation to supporting the growth of their existing business activities !

[masurenguy] 29/2/2008 17:34

This is NOT comparable to Marconi in any way. The business model has already been proven to be clearly viable. The problem that Vanco has relates entirely to undercapitalization !

[pugugly] 29/2/2008 17:02

Masurenguy;> Re your 791 - That is what the great and the good in the city were saying about Marconi at £1. ( I know to my cost !!!!)

[02bursar] 29/2/2008 09:25

"Share price can't really drop a lot further after the 85% it has lost already".

I won't argue with that but who knows?

[masurenguy] 29/2/2008 08:44

I think that it's already told !

Share price can't really drop a lot further after the 85% it has lost already !

[02bursar] 29/2/2008 08:20

'Time will tell'!

[masurenguy] 29/2/2008 08:08

Allen Timpany, founder and chief executive of Vanco, slammed local investors for their lack of ambition. "There´s a short-termism here which says we want you to build a very high quality 200m pound business. I want to grow a business that is £2bn. I´m taking a longer-term view of the opportunity, to which the Americans say ´great, absolutely´ and the UK market says ´actually we´d sooner you took a shorter term view´. "I do not think the market, particularly the UK market, realises how big the VNO opportunity is."

Vanco, which claims to be the world´s largest VNO, has been growing at around 40 per cent annually and is expected to record revenues of £225m for its latest fiscal year. Timpany said he was confident that Vanco´s share price would rise this year and pointed out that every single technology company had suffered similar phases of being out of love with the market.
..........................................................................

Yeah BUT how many profitable and growing technology companies have seen their share price fall by 85% during this period. The real cause of this share price fall is the very high gearing (£225m of revenues against £70m of debt), the real issue which he evades altogether !

Edit: The bullish comments from the CEO in Barcelona yesterday has failed to stop the slide in the share price this morning - I think what people really want to see is the gearing being properly addressed !

[02bursar] 29/2/2008 07:41

For any doubters who think that Alan Timpany wants to bow out and doesn't mean business:

[02bursar] 28/2/2008 09:51

On the deals already won, Premier Foods and Eurosport [sports channel] are included.

[02bursar] 28/2/2008 09:33

M785

" What surprised me today was that Vanco made no announcement concerning this tie up, I would have thought it has some potential".

It is a technology and it has been widely reported in the relevant technical / industry press.

Somerfield [supermarkets] systems managed by Vanco are going live with a WiMAX-accessed WAN in March.

You might also want to contact Vanco to determine whether they incorporated WiMAX wireless broadband into Euromaster's fleet.

" FIXED-MOBILE CONVERGENCE" :





etc, etc

[davius] 27/2/2008 20:17

I read those too and followed up with a little research.

I recall reading about WiMax some time ago and thinking then that it had the potential to be a signifant money spinner (for Pipex). What surprised me today was that Vanco made no announcement concerning this tie up, I would have thought it has some potential.

We did get an RNS this afternoon but no follow up to this one either. It seems almost as if the company has no intention of singing its own praises and unfortunately no one else is choosing to either (in the markets). I'm finding this a frustrating hold, so much potential from these levels when they finally pull their finger out.



Vanco PLC - Further re. contracts
RNS Number:8852O
Vanco PLC
27 February 2008

Further to the RNS statement made to the London Stock Exchange on 1 February
2008, Vanco is holding a press symposium today at which a number of new clients
will be named. The Total Contract Value ('TCV') for these client wins was
included in the TCV order intake disclosed in the Company's trading update of 1
February 2008.

[tomandgerry] 27/2/2008 20:04

ALSO FROM LSE board "Vialtus Solutions, formerly Pipex Business, has teamed with virtual network operator (VNO) Vanco to integrate WiMAX-powered wireless broadband services." This is not my own source, posted by Sundance, who posts regularly and seems reliable.

[tomandgerry] 27/2/2008 19:59

TWO LINKS FROM LSE BOARD


'UK wide' wireless networks for personal and business networks!

[masurenguy] 27/2/2008 17:42

They have a forward TCV of £205m which is great. Naming names will add further credibility to their forward growth prospects. They have increased sales and profits for 4 consecutive years which demonstrates the viability of their business model. HOWEVER the debt has also escalated to match this growth and that is why the share price has fallen by 85% in less than a year.

What they really need to do is undertake a rights issue or an institutional placement to raise circa £50m. The dilution has already taken place so what is a little more in the short term. Long term this can fly if they are adequately capitalised !

[02bursar] 27/2/2008 17:18

The response from the press will be interesting

[robwoodt] 26/2/2008 12:41

Just spoke to a Project Manager working for Vanco, i'm in recruitment. i asked how Vanco where doing and he was managing off-shoring projects for cost cutting. I asked if it was worth getting in and he said that it's not a good idea while analysts opninions where still against them.

not in Vanco, i'm in Blnx so no de-ramp intended only passing on what was said.

[astol] 25/2/2008 19:07

Another down day surely Evil cannot still be shorting??