Wednesday, 20 May 2009

Colt Telecom flies, TEP a bit boring.

Colt Telecom - Been a bit of non mover for me but up 20% now since i bought this about a month or so ago...

This morning the have announced a multi-million pound contract for managed data centre services to a large financial institution! COLT will provide a purpose-built 1,000 square metre facility at its newest UK data centre, situated just outside the M25, which was opened in late 2007. The data centre is being built out in phases using the latest data centre technology to meet particular demand from the financial services sector for minimal latency connectivity to the City of London!
Great news..... I checked out the charts and am expecting a small retracement short term and I can't be arsed to hold this although i might pick up again around the 50 day MA mark of 110. Sold for a nice 165 quid profit.

The other bonus this morning is STAN paid out their dividend - so a nice 200 quid landed in my account...!

TEP - disappointment on results.. was expecting a more positive outlook for the year. 34% rise in pretax profit (49% revenue increase) is great news but their statement was cautious stating lower energy margins and interest rates hitting their profitability. I'm going to still hold out for 330p on this and take the healthy dividend of 17.5p / share

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