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I said in September something all ways happens every 3rd winter. Wasn't expecting that, grateful for the 20+% I made tho :-)
Daisy make a move at SP +20% and not a post? Nothing? I'm surprised. Good luck holders.
https://uk.tradingview.com/chart/AN./fQRsss25/ Purely technicals here. Looks extremely cheap at current price. Nice and liquid too which is a +.
great share this at 270/280 - was 515 this time last year and there is no way it's going to drop 50% revenue / EBITDA from the mobile revenues.... that and the fact they make an acquisition every 2/3 years (and nearly 3 years has gone by) this is going to blow IMHO
Strong interims. Profits growth. Shareholder focus. Confident future. Committed team. One for my bottom draw. BUY BUY BUY
Strikes me that if Coms PLC can trade at an £80m market cap on no revenue or track record then AN/ is worth a lot more. Fact is AN/ is best in class in this SME telco space and given scale is key I am convinced it is a prime target itself. Meanwhile we have the fabulous dividends to enjoy while we wait. AN/ deserves to trade at a substantial premium to Coms and Daisy in my view
Ouch!
nearer a 100k. In the telecoms industry the company purchases they have made are quite a coup. Whether there is any room north in the SP now on this basis is low chance. Fantastic diversification of services though and makes this company even stronger for the future.
He's made himself £70k in 7 months then! Good work if you can get it
Alternative Networks (AN.) Director name: Mr Bernard A Cragg Amount purchased: 35,000 @ 298.00p Value: £104,300
Alternative Networks' trading in the six months to the end of March has been steady and results for the year to the end of September continue to track in line with management forecasts. The group says cash flow remains strong and net cash balances were over £15m at 31 March. The group says that in Advanced Solutions the order book is making good progress, with sales in the second quarter materially higher than sales in the first quarter ended 31 December. It says this is expected to result in a greater weighting of revenues recorded in the second half of the year. The pipeline continues to grow and is at record levels, giving confidence in results for the full year. It says that network revenues remain subject to competitive pressures and regulatory impacts. Mobile subscribers at 31 March have increased by 10% over levels a year ago. But it says there has been a slowing in growth in the last six months due to more competitive pressures in the market, and the delay in provision of a 4G mobile data offering from its network partners, which is due in the second calendar quarter of 2013. But it adds: "Synapse continues to differentiate the Alternative service and there has been a net increase in subscribers, and a record number of customers renewed their contracts with Alternative in the six month period. Fixed line network services trading is stable and broadly in line with expectations." It says gross margin continues to show resilience, on the back of improved terms obtained from suppliers and the value added by the service offering through the group's 'Synapse' service portal. For the full year, the Group gross margin is expected to show an increase over 2012. Story provided by StockMarketWire.com
Alternative Networks: Westhouse Securities downgrades from add to neutral with a target price of 280p.
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating.
Results for the year ended 30 September 2012 HIGHLIGHTS · Organic growth of 5% in underlying operating profits, and 10% growth in adjusted earnings per share · Year on year increase in both gross margins and operating margins · Strong balance sheet, with excellent free cash flow and 112% cash conversion of adjusted EBITDA · Significant increase in shareholder returns, with full year dividend ahead of expectations. Maintained guidance of a minimum 10% growth in 2013 and 2014. · Board strengthened with key appointments
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept.
Thanks to Alternative, Firmdale Hotels has rolled out a Mitel virtual communications solution across its seven iconic London hotels, including The Soho, Haymarket (pictured above) and Covent Garden Hotels, as well as the Crosby Street Hotel in New York. The virtual deployment, designed, implemented and managed by Alternative, has simplified support and ensured that Firmdale can take advantage of the business continuity services available through VMware. Using Virtual Mitel Communications Director (vMCD) 5.0, Firmdale is taking advantage of a range of features to enhance the level of service offered to guests and drive effective communication between staff. A cordless front desk allows staff to move between tasks more effectively using wireless handsets, with call and text features allowing them to keep in touch and manage guest requests efficiently. The handsets can also be configured to receive fire alarm alerts or VIP arrival notifications. In the rooms, IP telephony features have enhanced the guest experience by ensuring failed wake up calls are escalated, guests are greeted by name using room/caller ID and information is offered about guest services, local services and attractions. The aesthetics of the Mitel handsets was also important and the sleek Mitel IP telephone design is in keeping with the prestigious look of the hotels, while offering an intuitive, feature-rich experience for guests. "Alternative provided us with an impeccable professional service and since moving to the Mitel system we have already seen multiple benefits," said Mark Coey, Group Deputy IT Manager, Firmdale Hotels. "Our staff can stay in touch easily and work more efficiently and the solution also ensures that Firmdale is able to offer a more personal service to guests, in keeping with our values. In the future, we plan to evolve our virtualised solution by integrating even further with mobile devices." Other features of the new communications solution include Mitel's Dynamic Extension, which is enabling duty managers to be contacted quickly and easily at their desk or mobile device on the same number, regardless of location. An auto attendant feature also allows routing during off-peak hours, so a call is never missed, and ring groups ensure the right team always answers a call, creating a more personal service for guests. Guest service has been further enhanced through the use of Mitel 5360 colour touch screen IP telephones in common areas. Guests are presented with images of hotel services together with an associated QR code, which allows guests to access detailed information on their own mobile device, for example for restaurant menus and film club schedules. "Good communication is at the heart of every successful hotel. Mitel's proven hospitality solution is designed to be simple and intuitive, reducing training needs in a busy environment and enabling the hotels to care for their guests," said Ian Bevington,
Alternative Networks, an AIM-listed UK business communications service provider, has announced that it received tender offers for 4.22m shares, meaning the offer was more than two times over-subscribed. Under the terms of the offer, shareholders could tender all or part of their shareholding for cash to be acquired by Investec Investment Banking, for up to a total aggregate consideration of £5.0m. The tender offer price of 251p was calculated as 105% of the average closing middle market price per share across the five business days prior to Friday 26th. As such, Investec Investment Banking will acquire 1.99m shares at 251p which will then be cancelled, and qualifying shareholders who tendered their ordinary shares will be scaled back by 52.8%, and therefore will have successfully tendered 47.2% of the shares they tendered.
UK business communications service provider Alternative Networks has rejected a very early stage offer by a third party after giving 'due consideration' to the outlined plan. Alternative Networks said it concluded that the proposed consideration was not sufficiently attractive that it would represent a compelling proposition for shareholders. The party which made the approach has confirmed that it is no longer currently considering making an offer. The firm added that the proposed cash return to shareholders by way of tender offer announced earlier this month remains open for acceptance, but said if any shareholder who has already accepted the tender offer wishes to reconsider its decision in light of this announcement, they will be allowed to withdraw or amend their tender.
Alternative Networks ( AN .) has announced that it recently knocked back a ‘very early stage’ approach for the business and that the suitor has now walked away. The company is continuing with a tender offer.
Given that the board have shown they were clumsy lets hope they can make the most out of this offer
Alternative Networks plc ("Alternative Networks" or "the Company") Very Early Stage Approach Rejected, Tender Offer Remains Open The Company announces that, following the announcement of the tender offer on 11 October 2012, a third party approached the Company to discuss the basis on which it might be willing to make an offer for the entire issued share capital of the Company. This was a highly preliminary approach. The Board gave due consideration to this outline plan, but concluded that the proposed consideration was not sufficiently attractive that it would represent a compelling proposition for shareholders. This has been communicated to the third party concerned who in turn has confirmed that it is no longer currently considering making an offer for the Company.
I asked what were they going to do with the cash and they are going to offer 105% of the share price. What a shame, that the best the management can do is give the stuff back and such a cheap offer.
Alternative Networks today announces its intention to return capital to Qualifying Shareholders by way of a tender offer, pursuant to which Investec Investment Banking, acting as principal, will offer to purchase up to £5 million of the Company's Ordinary Shares, following which and upon exercise of a put option in accordance with a repurchase agreement between Investec Investment Banking and the Company, Alternative Networks will repurchase from Investec Investment Banking and cancel all those Shares purchased by Investec under the terms of the Tender Offer. The Tender Offer is being made available to all Qualifying Shareholders who are on the Company's register of members at 5 p.m. on 25 October, 2012. Shareholders can decide whether they want to tender any or all of their Ordinary Shares in the Tender Offer. The Tender Offer Price will be calculated as 105 per cent. of the average closing middle market price per Ordinary Share for the five Business Days immediately preceding the date on which Ordinary Shares are purchased and such price will be rounded down to the nearest whole penny. A Circular providing more information in relation to the Tender Offer and setting out the formal terms and conditions of the Tender Offer is available to view here (the "Circular").
now 224
Nice rns update! Alternative Networks plc, ("the Group") , the UK business communications service provider, today issues the following trading update, ahead of its full year results for the year ending 30 September 2012, due to be announced on 10 December 2012. Trading for the year has continued to be positive, and profits are expected to be in line with expectations, with cash flow ahead of analyst forecasts. Highlights of the second half of the financial year are: · Strong gains in market share in mobile - subscriber base up 13% · High levels of cash generation raising net cash balances to £20.5m, an increase of £7.4m in H2, and delivering an expected conversion ratio of over 100% EBITDA into cash generated from operations. · Strengthening gross margins across the Group. · Board continues to evaluate shareholder returns, given high cash levels, including special dividends, share buy backs and earnings accretive acquisitions. Trading performance Growth in market share in Mobile network services has been strong with 13% annual organic growth in mobile subscribers to over 77,000 at 30 September 2012. This represents an acceleration of growth in the second half due to lower subscriber churn in the period and some significant customer wins toward the end of the year. The market remains very competitive, but our own strong performance reflects the successful adoption of the enhanced Portal services by our customers in 2012. Headline revenues have grown year on year despite continued pressures, with the EU regulation lowering data usage revenues in the last three months and with the economic climate remaining depressed. Nonetheless, gross profits have increased comparatively by approximately 6% in the first 11 months of the financial year, with improved margins, and the momentum in overall growth in profitability from mobile services remains strong. Fixed line network services trading has been stable and broadly in line with expectations. The transition to SIP, resulting in reduced line rental revenues, and the impact of lower mobile termination rates have each continued to impact opportunities for growth. The good news is that margins have increased in spite of these factors, meaning that full year gross profits are expected to be at least in line with last year's outturn Advanced Solutions started the year well, but economic uncertainty has resulted in slower new business investment decision making, and total revenues for the full year are expected to be approximately 5% lower than in 2011. Margins have been resilient, at similar levels to last year, which is in line with expectations. The slowdown is principally in new IP data switch installations in the Enterprise market (Scalable). Stripping out these one off revenues, the remainder of advanced solutions is expected to have grown by around 6% over 2011, with net growth in the customer support revenue b