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go an, go an, go an!!! Regards Mrs Doyle ;-))
could well be finally selling for a penny a share soon. Thank you share trading for teaching me patience!
http://www.iii.co.uk/investment/detail?code=cotn:STP.L&it=le Upbeat results - looks good to me !
PRELIMINARY RESULTS FOR THE YEAR ENDED 30 APRIL 2009 SpiriTel plc (AIM: STP), the business communications group, is pleased to announce preliminary results for the year ended 30 April 2009. Commenting on the results, Chairman, Lord St. John of Bletso said: "I am pleased to report on a further year of growth and development for SpiriTel plc. The Company has made significant progress despite an increasingly tough operating environment which has seen several competitors fall by the wayside. As a fully integrated business communications provider delivering fixed, mobile, data and networking services to a substantial customer base the Group is very well placed to progress its chosen strategy of 'acquire, integrate, grow' to deliver increased shareholder value." Highlights: - Underlying EBITDA* 61% ahead of prior year at £1.5 million (2008: £0.9 million) - Revenue up 18% to £19.7 million (2008: £16.7 million) - Gross profit up 19% to £7.6 million (2008: £6.4 million) - Pre tax loss £1.7 million (2008: £4.0 million), after non-cash finance costs** of £0.8 million (2008: £3.1 million) - Post year end new 5 year debt and overdraft facility of £4.5m agreed with Clydesdale Bank - Earnings enhancing acquisition of ED Communications completed - Cross selling contracts signed worth £7 million over their term - Customer base increased to 2,337 at year end (2008: 1,525) - Post year
Chief Executive, Alastair Mills added: "We operate in a dynamic sector and the Board believes that we now stand at a particularly exciting point in the Company's development. We have demonstrated our ability to enhance earnings through acquisitions, followed up by significant cross-selling successes from our range of converged products and services into both new and existing customer bases. The foundations are in place to deliver ongoing value to shareholders and I look forward to the coming year with confidence."
Spiritel travels down the same avenues it has done since 2007 (especially if viewed from the perspective of the various Internet share group message posts/clubs). It is not their fault, however it must be remembered a turnover of £16m makes it a small fish, some unlisted companies have greater turnover in the same sector. The T-Mobile takeover and consolidation of the UK mobile comms market will lead to increased pressure on margin in a target market. Their positioning was correct, the price paid debatable, hindsight is a wonderful thing! Spiritel are not the sole vertical specialist with any major PBX manufacturer, clients still complain of SLA and consolidation issues, they now they will be remedied soon. New competitors and accredited specialists in their chosen verticals have come onto the scene in 2008 and 2009. The market pressures have caused sales revenue margins to drop by 15%+, cost of equipment is down by c.30% (their clients know this through competitive tendering so little to be gained), service contracts average anything from <£1k to £10K per site, bad debts have increased, debtor days extended - so to talk of cash at bank is wrong , all cash at bank is utilised or committed. AT communications Group Plc is one to look at to read their story. Spiritel must acquire to make up the shortfall in performance, a hold until 2013 when their lack of European business will be made up by the UK recovery and the short term 2012 London boost
News please
That 150K buy has moved up the price nicely
I agree and expect to see more people buying in here. First stop 1p. Currently valued at £3.7M with a turnover in excess of £16M
Wonder if there is some news about to break.
Seem to be in again.
Seems as though there could be a large buyer in the market.
dyardley - 21 Aug'09 - 08:40 - 16 of 20 Received yesterday 13/08/2009................... Dear Mr Yardley I refer to your email on annual timetable. In normal circumstances we operate a defined annual timetable and would be able to provide the information readily. However, I am sure that you are aware of our corporate objective of acquire, integrate and grow and this means that we get involved in an above average number of corporate projects and these inevitably impact the publication date for our Annual Results. I am currently liaising with our auditors to agree a timetable and we will update our shareholders by the usual method. I regret that I cannot be more specific at this time and refer you to the trading update that we issued in early May. Please be assured that we are always alert to the interest of our shareholders. Yours sincerely Ronnie Smith Ronnie Smith CFO SpiriTel Plc T 020 7160 0140 F 020 7929 5469 M 07779 590307 E Ronnie.Smith@spiritelplc.com W www.spiritelplc.com
And its nearly a year since any of the directors bought thier own shares !!! Not a good sign
Yep agree CEO winning awards hasnt helped the share price ! I got a sniff on thesde 2 years ago that they were due to fly !!!! Sunk like a new awarded Comms Award !
Yep me and you both by the looks of things !
Are these shares dead in the water ? I have several thousands of them whcih are sitting at 85% loss Any advice around please ?
awards are pointless, the market does not care (it didn't respond one iota to the news). the bottom line is money. i sold what was left of my holding when i realised STP has essentially maxed out its debt facility (absorbed into 49.99% holding of the equity). share dilution because of debt. and it's still loss making (forget EBIDTA, tax and depreciation are costs). what good is a tiny profit before tax when you make a huge loss after tax? it's misrepresentative, intended to dupe you.
Some nice awards for them http://www.spiritelplc.com/about_awards.htm
we need a good day today....
You can actually buy for 0.68 if you are quick about it but there are not many left.
News comming or just oversold?
If you are quick.