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This is clearly a 2p share. Alistair and the team are making all the right moves to ensure Spiritel becomes an important player in the fairly recession friendly sector, that is the telecom sector. WHO ELSE IS HITTING THEIR TARGETS in these market conditions?
First half revenues up 54% and to be not less than £10.5mns. ebitda profits look set toi rise 270%, and after balance sheet restructuring saving £800k/annum in interest. Debt reduced from £11.5mns to £7.9mns. On track to meet current market expectations for the full year. Possibly overlooked by the market, but looks set to offer up shareholder value.
Spiritel are to raise £370,000 through a share placing to the directors. They want to take advantage of the credit crunch by purchasing another company at rock bottom prices. If you stop moving forward in a market like this going bust or getting swallowed can be the only outcome! So expect some news in the next few weeks.
Thanks for your input
Spiritel looks like it's got potential, if it can survive the current economic troubles. It's been up and down a bit (from around 0.85p up to around 2p in the last 9 months) - I'm hoping for 4p or above at some point. However, like any of your shares, watch them closely and be realistic. As a company, they're well positioned having been buying out a lot of smaller companies to give themselves a full range of telecoms services. Should be good... in theory.
Any know whats going on with Spiritel? any suggestions/comments welcome.
LONDON (Thomson Financial) - Spiritel Plc (LSE: STP.L - news) said it has acquired network services provider ED Communications Ltd. for up to 3 million pounds. The business communications service provider said it will pay 0.8 million pounds cash on completion plus a further 0.5 million over two years. Performance-related payments account for the remaining 1.7 million, it said. Spiritel said it will fund the acquisition with debt. In 2007, ED reported revenues of 2.1 million pounds and EBITDA of 0.29 million.
if you were to hold a gun to my head, i'd say the sp has further to go over the coming year. no need for me to ramp as i'm out for the time being, but i'd not be surprised if in time this became a serious 10p share. no guarantees, as ever. i remain very interested in this stock, and will definitely take the "in" if the chance comes along.
There's nothing wrong with locking in some profit as greed eventually defeats all gamblers. I must admit I’m still intrigued by the announcement of due diligence which they revealed was only in its early stages. The rhetoric in the statement leads me to believe it would be a great move for STP IF they pull it off. Also patterns in Share Prices are always broken at some point (what a vague statement). It was only a topslice for me I’m afraid but good luck to you.
actually, I sold out on Thursday.
that's right, I sold all out at just over 2p. i have several reasons for this, not all to do with STP (i want some cash at hand to invest in BLNX, for instance). the last big rise STP fell to sub 1.5p, and that may happen again. if it does drop i will be taking a holding again and repeating the trick. STP though is an excellent recovery play, I've been trading this company for about 6 months and at no time have I regretted being involved. It's hard to call what will happen from here: the results were anticipated and are already priced in, hence only a minor rise on the day. I expect the sp to rise steadily over the next year as the acquisitions impact, but it is a slow-burner. Being undervalued (IMHO) and in acquisition mode, this company is likely to benefit in any economic downturn.
I presume you sold out on friday then! Buy on rumour sell on news! (but what is the news????) Would not like to turn my back on Spiritel for long though as they seem to be very bullish and could pull a rabbit out of the hat at anytime.
may ease off as low as 1.25p again.
Highlights: * Underlying EBITDA* 15% ahead of market expectations at £938,000 (2007: loss of £861,000) * Revenue up 20% to £16.7 million (2007: £13.9 million) * Gross profit up 220% to £6.42 million (2007: £2.0 million) * Pre tax loss £4.0 million (2007: £3.1 million), after non-cash finance costs** of £3.1m (2007: £0.6m) * New 5 year debt and overdraft facility of £2.7m from Clydesdale Bank * Cash inflow from operating activities of £0.9m (2007: £1.2m outflow) * Two earnings enhancing acquisitions completed: tdotcom and WN1 * UK's largest hosted VoIP and WiFi contract with Regent Inns * Completion of two year business restructure and rationalisation * Post year end balance sheet restructure - partial conversion of Penta debt to ordinary shares and waiver of more than £800,000 annual interest costs * Post year end SpiriTel receives industry recognition with two national awards for the converged solution pioneered for Regent Inns * Operating profit after adding back charges for depreciation, amortisation, share-based payments and exceptional costs ** Non-cash finance costs comprise redemption premiums on the Penta debt and preference shares granted alongside the conversion rights less interest waived plus IFRS charges. Chief Executive, Alastair Mills added: "This has been
Results out, can be found on iii
As seen on Yahoo Finance
i suggest you take the time to DYOR on this one, if you haven't already. it will be worth your while.
keep watching over the next 2 weeks, or more. this is a slow burner.
Still only small buys from PI's here but if the books are as good as they say, we could be seeing some financials returning soon! Watch this space.
100% takeover news.worth a watch if anyone is interested.jus thought i wuld share the info
Think we may see STP back over 2p next week and I still have 2.5p as a target. The SP has held well in this difficult market showing good steady growth. We have still not heard any news concerning the due diligence!
Acquisitive company has seen steady rally from 0.6p in January to current 1.75p today. I like their spirit!
i suspect this will continue slowly ticking up today and next week.
again no stock to buy.
Heavy trading today, good to see. I just put in a test buy and couldn't get anything, no stock to buy.