London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
http://www.growthcompany.co.uk/recommendations/1659313/maintel.thtml
Scope for a good 10% recovery here over next few weeks perhaps
Chairman's statement Maintel Holdings' revenues rose by 13% during 2010 to £22.0m (2009 - £19.4m) and adjusted profit before tax by 14% to £3.046m (2009 - £2.675m) giving an increase in adjusted earnings per share of 15% to 20.3p (2009 - 17.7p). Our maintenance base ended the year at a record £13.2m (2009 - £10.3m) having grown by 28%, boosted by two substantial pieces of new business from our largest customer, a new partnership with Westcon which brought in £600,000 of annualised revenues and the acquisition towards the end of the year of a £2m maintenance base from Redstone which we believe will deliver significant incremental earnings in the future. Equipment sales rebounded strongly from 2009 levels showing a 32% increase which included one very large order at lower than average margin but a good spread of smaller projects which fulfilled our margin targets. Network services revenues increased only slightly during the year, with call rates remaining highly competitive. However, line rental and data showed promising returns and we continue to broaden our product offering to access new revenue streams. Aside from organic growth which continues to be a priority, we remain vigilant for acquisitions that fulfil our valuation criteria as industry consolidation continues apace. Equally we are always pleased to work closely with a range of longstanding partners including some of the biggest companies in our industry to whom we supply complementary services and we expect further growth in this area in the year ahead as various new relationships bear fruit. The Company continues to be strongly cash generative. We repurchased 295,000 shares during the year, equivalent to 3% of the outstanding share capital, and following our acquisition in October of the Redstone businesses for £1.6m net we ended the year with cash balances of £2.5m and no debt. We are proposing a final dividend of 4.6p payable on 28 April 2011 to shareholders on the register at 25 March 2011. It falls to me to thank on behalf of shareholders our loyal and energetic staff for their work and commitment during the year and to wish them well for the challenges and opportunities ahead. J D S Booth Chairman
Operational highlights 3 year partnership agreement signed with Westcon in June to service its maintenance base, adding c£600,000 annualised maintenance revenue, c1,400 customers and an important Avaya skill base Acquisition of business and assets from Redstone plc subsidiaries in October, adding c£2m annualised maintenance base and further Avaya and other resource 2 further significant orders received from the Group's main customer, one in February and one in July
Financial highlights Adjusted* earnings per share of 20.3p (2009: 17.7p); basic earnings per share of 17.8p (2009: 15.7p) Group revenue increase of 13% to £22.0m (2009: £19.4m), with recurring revenue increasing by 9% to £17.5m (2009: £16.0m) to be 79% of total 2010 revenue Profit before tax up 12% at £2.673m (2009: £2.382m) Adjusted* profit before tax up 14% at £3.046m (2009: £2.675m) Maintenance base £13.2m at year end (2009: £10.3m) Equipment sales up by 32% at £4.7m (2009: £3.6m), including a £622,000 contract Sales of broadband, call traffic, line rental and related products increased by 2% to £5.8m (2009: £5.7m) despite rate pressures Strong operating cash flow and year end cash balances of £2.5m (2009: £2.5m), after the acquisition of the Redstone base for £1.6m net cash, dividends of £1.2m (including a special dividend in March 2010) and share buy backs costing £0.5m; the Group has no debt Final dividend proposed of 4.6p per share (2009 second interim equivalent: 4.1p), making 8.5p for the year (2009: 10.1p, including a special dividend of 2.9p)
http://investegate.co.uk/Article.aspx?id=201103110700077487C
Small cap round up: Maintel, Date: Friday 11 Mar 2011 LONDON (ShareCast) - Maintel, the supplier of telecoms products and services to businesses, posted a decent rise in profits last year as sales picked up following a tough 2009, but predicts a difficult 2011. Pre-tax profits in the year to 31 December climbed by 12% from 2009 to £2.673m, on revenues that were up 13% at £22m. “While we see the 2011 economic environment remaining difficult as the government's policy to reduce the structural deficit continues to have an impact on company investment and cost reduction activity, Maintel is well placed to continue its growth in this environment,” the company said.