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Vodafone signed up to resell Out services to its customers. Voda signed up two of their large customers directly for the services so the contract is between customer and Voda. Voda have a back k back contract with OUT. Out supply the services to the customers. If OUT go pop then Vodafone default on the contract to their customers. Voda had no choice but to keep them going last time and will do until the contract with the end customers expire and the back to back with OUT and they can migrate them to a new platform.
T-M , I did and happy to debate without insulting one another. OK pre RNS shall we agree that they could have done the same ( asset sale ) yet they still support further, this is what intrigues me and why I have invested. There are LTH that could and I'm sure would debate the SP and its potential with you, I am not one of those at least not at this stage. Like I said, I invested yesterday and have a decent holding which I would like to see a healthy return on, if it doesn't then so be it.
Well if people are going to ramp this with crazy comments I'm going to post my thoughts with the facts. Vodaphone are only supporting because they know they can get their money back with a asset sale or did you not read the Rns in full.
T-M, let's just say there are smarter cookies working for Vodafone than you or I, at what point when looking at a business plan do you say " what the hell, let's throw more money at a failing business" the answer is you don't! An MD or CEO does not sign off on something that is almost certain to fail, the question now is what do Vodeafone see in OUT? There has to be potential, you don't see it hence you're here trying to impress on others the negatives, of which you do point out the obvious that is there for all to see. Let people make up their own minds, if they fail to research then they lose, if they see potential the win. Before you ask, yes I hold, no I'm not a long time holder and currently sat on a paper loss but I accept the risk. Leave others to do their own research without the need to keep repeating yourself and shouting from the rooftops to all that will listen that this is a bad business to invest in. Best J
Just because Vodaphone have stepped in to support them before they went under does not make this a viable option. Go and read their results history. It's just massive loss after loss after loss with all cash raised each year burned. It's not even turning things around. They are not even improving the loss say a million. You also run the risk of a rescue placing being announced. Guess they need 5 million to keep this going another year or two maybe 10 mil and the vendors will not place a current price because they will not be able to flip them it will be too risky. Also Vodaphone can pull the plug anytime and force a sale of assets to pay them back. I cannot see the attraction whatsoever of these, there is just zero positives in this business
Vodafone don't think so. Companies operate on a loss all the time, look at Ocado and how long it took them..
From continuing operations same as year before, all the cash raised all burned again and people are saying strong buy. I could understand things are improving if the losses are being rapidly reduced but they are not even managing to do that. It's one of the biggest basket cases on AIM and others need to be aware of it.
Not pressing strong buy yet .but a good gamble . The spread is off putting .
Added £500 . Now I am interested . Long term I think .
I have
Agreed going to give it some time lets hope Vodaphones problem solver turns it arround . The recent RNS results suggests it is turning arround now and Vodaphone are risking money here ! . I may up my stake .. GLA .
I pulled half my holding from HNR and stuck it in here. Instead of 30% up I am 30% down Let's see what develops over the next few weeks The difference with this company is the the senior management are well experienced, own the company and have multiple business and connections in the industry. They do not want this to fail
The other divisions of the company, such outsourcery mobile seems to be doing well and carry a good asset valuation. Vodaphone have a non exec director on board who will ensure the belts are tightened to return to profitability. Cut staff bill by 10% and sell of some of the assets. Job done....
I put a grand in AFPO and put £200 in here at the same time having a punt on the day's top riser and a faller ( I do that now and then being a AIM gambler ) . Funny thing is I am more interested in this . Reading and posting on here more . GLA good chance of a bounce or long term recovery . Small chance Vodaphone want it .
This will recover don't worry
So thanks for looking after us . But we are gambling on a Bounce due to the RNS stating the company has been thrown a life line . So things have significantly changed balance sheets are improving look at recent RNS . Facts not speculation .
There are posters who have lost money due to following others posts , they now follow them discreadit in them to warn others . They need to research the share and post about the share rather than just hound the bad poster . This is a company indestress hence drop from 90p two years ago to 30p a year ago to
Year high price 30p . I have bought a few hundred pounds worth for the bottom draw . 1) buy out at year high 2) recovery recent RNS things are recovering . People with bigger money think it's worth a gamble ! . Will we see a bigger delayed trade in a few days ? .
Will have a look.....
@andydeb1 - look at his post history, he ramps the hell out of other shares. No sympathy from me!
Sorry to see you are on a loss. Certain posters should be ashamed. Fingers crossed bud
The drop this afternoon was not due to heavy selling as most were relatively small but the mm's kept dropping the bid. Much larger buys this morning. I first started watching this share last summer and watched it slowly decline, I understand the state of the company and where it is but that is reflected in the sp imo. I took a position this afternoon on the drop, brave or stupid time will tell. Obviously Vodafone think this is worth saving and I am interested to know what they do with the money. It will probably be their last chance.
So what the hell happened more or less back to where it come from. I am taking deep breaths as I write this.
Moving customers between platforms is usually not worth the bother, so I doubt this would be a good buy. They could not just pick up the servers and move them and expect them to work out of the box like that, I'd expect infrastructure to exist around the servers and data that would prevent such a thing from being easy to do, or worthwhile. Peter Jones - nope. Anyone buying here is buying on the off chance a purchase is made, and someone pays X per share for the company. Investing in OUT as a business is not a good idea, they are losing money hand over fist, how many bail outs will VODA be willing to do? Best bet would be VODA or UKFast buying them up, but they'd be able to do it on the cheap due to the weak position of OUT at the moment, after which they'd probably divest most of it anyway.
yep I bought at the high then now only just seen the price,what a shock I have just had,i was busy for the rest of the day so didn't have time to check, I thought I would be seeing about 12p by now,christ how wrong was I,back of the draw now,here we go again, I am going to have to stop buying these shares as I work and don't have the time to monitor them.