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Alternative Networks - Announces buy back of shares

August 2008

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:
  • AN.
  • Price:
  • 137p
Alternative Networks has reported a solid set of results for the six months to 31 March. Turnover was up 32% to £46.1m and excluding the £8.9m of sales from Echo, underlying organic growth was 9%. Adjusted pretax profits grew by 27% to £5.0m and eps by 33% to 7.9p. Operating margins were steady at 10.8%.Most of the growth came from Echo and there was also strong organic growth on the mobile side where Alternative is one of the UK's largest independent B2B service providers for O2 and Vodafone. The latter (almost half of sales) was a key driver to these results showing  strong organic growth in connections, up 13% to 49,000, not only because of the addition of new customers but also because a strong effort to resign custome ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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