LEADCOM, a real growth company.

The drop at the start of the year does not surprise me. Leadcom did not feature as any tip for the year, and therefore the money that left stocks before the Christmas holidays tends to pile into the "2007 tips" to get a quick buck over a week or two, before all those that started well then fall backwards as the short term profit takers move one. Its a normal cycle the first week or so of January.

Given the events of the end of the year, the sharp drop as insti positions were realigned, I am sure there are many who will just sit and watch LEAD, waiting for the news, unsure of whether to buy without news, so just on the sidelines waiting. Those who have committed recently have committed sub 50p in the most, so therefore a lull before news on BSNL is to be expected.

Presently on 10 times current year forecast EPS is damn cheap, there are not many around on that rating (and thats with EPS conversion into pence at 1.96 US$ - many other stocks have not had their figures adjusted for the fall in the dollar, which effects many currencies that are pegged to it). Potential for current year EPS to be upgraded to over 7p on decent BSNL news, so all in all should be very rewarding for those patient enough to gain.