LEADCOM, a real growth company.

Recent events now starting to fall into place....of course the companies claim that it was mystified by the seller/sp fall was utter nonsense

Leadcom planning TASE bond issue

The company plans to raise NIS 120 million in an offering of straight bonds.
Tali Tsipori 14 Dec 06 16:34

Leadcom Integrated Solutions Ltd. (AIM: LEAD), a provider of communications services and solutions to developing countries, plans to raise NIS 120 million (almost $30 million) in an offering of straight bonds to Israeli investment institutions. Midroog Ltd. will rate the bonds and Epsilon Underwriting & Issuing Ltd. will lead the offering, joined by Clal Finance Underwriting Ltd.

Leadcom share price has been halved to ₤0.45 from its peak seven months ago. The slump was apparently caused by a rather disappointing outlook for 2007 that the company published two weeks ago. The company predicted 30% growth next year, compared with almost 40% for 2006. The slump in the share price has not deterred the company from seeking to raise capital, this time through a bond issue on the Israeli capital market, rather than an equity offering on the British capital market.