cheap telco, page-36

re: not quite Yes what interested me was the 100000 shares were purchased in November at approx 87 cents each . Maybe he is averaging down Towie .







Change of Director`s Interest Notice

Document date: Fri 17 Jan 2003 Published: Fri 17 Jan 2003 12:40:46
Document No: 285433 Document part: A
Market Flag: N
Classification: Change of Director's Interest Notice
NATIONAL TELECOMS GROUP LIMITED 2003-01-17 ASX-SIGNAL-G

HOMEX - Sydney

+++++++++++++++++++++++++
CHANGE OF DIRECTOR'S INTEREST NOTICE


Name of Company National Telecoms Group Limited

ABN 48 094 312 704

We (the entity) give the ASX the following information under listing
rule 3.19A.2 and as agent for the director for the purposes of section
205G of the Corporations Act.

Name of Director Morry Fraid

Date of last notice 13/01/2003


Part 1 - Change of director's relevant interests in securities

Direct or indirect interest Indirect

Nature of indirect interest
(including registered holder) Purchase of shares by Danewell
Pty Ltd (Family Investment
Company)

Date of change 1. 13 and 14/01/2003
2. 08 and 11/11/2002

No. of securities held prior
to change

500,000 options exercisable at $1.00 (Held by Morry Fraid)

PLEASE NOTE: Shares have been transferred from Monit Nominees Pty Ltd
to Danewell Pty Ltd since the last notice

13,330,711 Ordinary shares (held by Danewell Pty Ltd - Family
Investment Company)

1,550,000 Ordinary shares (held by Monit Nominees Pty Ltd - Fraid
Family Trust)

600,000 Ordinary shares (held by Zacmore Nominees Pty Ltd - Family
Investment Company)

Class Ordinary Shares

Number Acquired 1. 1,506,000
2. 100,000

Number disposed Nil

Value/consideration 1. $237,113.16
2. $87,273.00

No. of securities held after
change

500,000 options exercisable at $1.00 (Held by Morry Fraid)

14,936,711 Ordinary shares (held by Danewell Pty Ltd - Family
Investment Company)

1,550,000 Ordinary shares (held by Monit Nominees Pty Ltd - Fraid
Family Trust)

600,000 Ordinary shares (held by Zacmore Nominees Pty Ltd - Family
Investment Company)

Nature of change On-market trades


Part 2 - Change of director's relevant interests in contracts

N/A

ybe he is averaging down Towie