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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Project Telecom - 185,000 corporate customers

April 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PJT
Project Telecom announced solid results for the year to 31 December,with pretax profit before goodwill and exceptionals, rising 30% to £16.5m and earnings up by 33% to 5.2p.  These results included a profit contribution of £1.9m from the now discontinued retail business,which incurred exceptional closure costs of £0.3m (much less than the expected £1m). The continuing business, which  providesmobile and fixed line  services to corporate customers, is goinggreat guns with turnover rising 39% to £122m and operating profitincreasing 57% to £14.5m.  Operating margins increased from 10.6% to 12%.  Although profits were boosted by two in-fillacquisitions most of the growth was organic, driven by ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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