Forum Archive Index - May 2000

[Richard Scott <richard@tkf.att.ne.jp>]

Francis, are you an IFA or a BFA?  (Biased Financial Advisor)

Very interesting and thorough info. on the stock but,..disclosure of
interest please???

Richard

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>Francis Salvesen
>17/04/2000 15:59
>
>Sent by:  Francis Salvesen
>
>Subject:  Telemedia
>
>The set back in the Nasdaq index has knocked technology shares around the
>world
>for six. Telemedia is no exception. The important criteria for stock selection
>are
>1.  Experienced proven management;
>2.  Solid cash flow
>3.  Growing earnings and profits
>4.  A market niche with few competitors, high barriers to entry, and high
>margins, in a growing market.
>
>Telemedia has an exceptionally strong Management Board. Chairman Rod Olsen has
>had 22 years with Cable and Wireless and is currently chairman of Cable and
>Wireless Optus and a director of Cable and Wireless HKT; Chris Jones, Moses
>Armstrong and Peter Meredith all have in excess of ten years management
>experience in a number of multinational companies, including Telecom. Colin
>Marland is an expert in digital telecommunications systems, co-founder of
>CorpTel (now AAPT), director of Davnet  and a telecommunications consultant.
>Evidence of theDirectors ability has been proven, in establishing a quality
>blue-chip client list, securing large take-overs (of companies in the same
>industry, with good synergy) and securing strategic alliances.Major customers
>include Clear, Telstra, Telecom, Freedom, AAPT, Ericsson, Vodafone, CAT, Net
>Tel, AIS, Intradata Gold prepaid Mobile and WorldxChange Communications ,
>France
>Telecom, Siemens, Telecom Italia, Telia Sweden, Datakom Austria and Hong Kong
>Telecom.  Two large take-overs have been agreed this year: Telemedia announced
>that it was aquiring Phoenox Technologies Inc, a US based manufacturer of
>enhanced billing systems that allows Telemedia to build integrated systems and
>switches based on Excel, Microsoft NT and Unix-based software. The cost
>amounts
>to Au$34.4m.Telemedia announced a further acquisition, spanning the US and
>Europe, of Donia Telecom for a AU$ 18.1m. The latest acquisition proovides
>Telemedia with access to Donia
>
>
>
>?s extensive global client base, including leading
>US and European Telecommunications companies. Bearing in mind that the company
>only raised Au$15m, take-overs of Au$52.5m within a year are remarkable.
>The Company has also secured Strategic Alliances with DO CO MO, Japan's
>largest
>mobile telephone supplier, and, within the last few days, with Sun
>Microsystems.
>Telemedia has solid cash flow resulting from licencing its pre-paid mobile
>telephone technology and from vast telemedia switching devices, which allow
>voice, digital writing and pictures to be routed through to mobile telephones.
>Earnings have grown for around $1m a year ago, to Au$5.6 in the first six
>months
>and are expected to grow to Au$22 in the first year of listing. Next year's
>growth is likely to be even more dramatic, bearing in mind the
>acquisitions and
>the strategic alliances. While much of the profit is used to expand
>thebusiness,
>the Company still announced profits of Au$0.6 in the first six months of
>listing.
>Telemedia has established a quality brand, in a niche that demands
>technological
>superiority. Customers are prepared to pay more, because they receive
>solutions
>to their telecommunications needs, complete with technical assistance. The
>market for Mobile telephones, and the switching equipment required, is growing
>in leaps and bounds, and those who havee mobile phones are quite likely to
>switch to the more advanced date/email mobiles once these become widely
>available. Following Completion of the recent acquisitions, Telemedia will
>have
>a global installed base of enhanced service solutions with more than 130
>installations across 69 telecom service providers in 33 countries. This gives
>the company worldwide 24 hour live support infrastructure stretching
>across six
>continents.
>You have seen Telemedia move up from this level to Au$10 and wished you
>had the
>hindsight to have bought earlier, now is your chance. Buy at 475c
>Francis Salvesen - INVESTMENT ADVISOR
>BSC (Econ), MBA
>Associate Member of the London Stock Exchange
>
>
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