Forum Archive Index - February 2004

[David Maire <dmaire@xtra.co.nz>]

Trading in mul has always confused me.
Way too many shares on issue so volumes are always massive.
Really hard to define if their is value in this stock or not
============================================================
From: "Cristine Kerr" <criskerr@optusnet.com.au>
Date: 2004/02/26 Thu PM 01:17:05 GMT+13:00
To: <sharechat@sharechat.co.nz>
Subject: Re: [sharechat] ASX: MUL - Multiemedia UPDATE

Anyone have a theory as to why a large order would be placed at .08c two days 
running, then removed?
  ----- Original Message ----- 
  From: Cristine Kerr 
  To: sharechat@sharechat.co.nz 
  Sent: Thursday, February 26, 2004 7:26 AM
  Subject: Re: [sharechat] ASX: MUL - Multiemedia UPDATE


  Those interested in Multiemedia may be interested in news items on their 
website. 

  In particular; this media release may be of interest:
  http://www.multiemedia.com/news/news_news_1.html - Australia's Multiemedia in 
multi-million-dollar deal with US military in Iraq

  Tuesday, 11 November 2003

  ' ... Australian two-way satellite broadband provider Multiemedia, in 
conjunction with its UK-based partner Transcom, has scored a major coup in 
winning a multi-million-dollar deal for the US military.

  While the deal is initially worth $5 million to Multiemedia, it could be 
worth up to $40 million as the United States Agency for International 
Development intends to roll out additional sites across Iraq as part of its 
post-war enforcement and governance program.
  Multiemedia Chief Executive Adrian Ballintine said the wireless two-satellite 
service would allow the US military to communicate from anywhere in the Middle 
East.

  "There is only one service provider in the region providing any form of 
satellite service, and that is quite old. The US military will now be able to 
set up sites across Iraq and simply, by pointing their dish in the right 
direction, will have Internet and communication service equivalent to anywhere 
in the world,'' he said. ... ' + more promising news - view complete media 
release on website.
    ----- Original Message ----- 
    From: Cristine Kerr 
    To: sharechat@sharechat.co.nz 
    Sent: Monday, February 23, 2004 9:00 AM
    Subject: Re: [sharechat] ASX: MUL - Multiemedia UPDATE



    MUL - ASX Announcement this morning:

    Acquisition of IP Access International

    Multiemedia Limited is pleased to announce the signing of a Letter of 
Intent to acquire US based IP Access International including their North & 
South American Satellite business and global network and customer base.

    Preliminary due diligence has been undertaken ...... Further due diligence 
will be undertaken ....... over the coming weeks, with a view to executing the 
definitive Purchase Agreement within 60 days.

    ........... consideration for the acquisition is part shares and part cash 
and earnings per share in Multiemedia are expected to increase as a result of 
the acquisition.

    Intention to Pursue NASDAQ Listing: As part of its strategy to expand its 
worldwide network and to access the US Institutional and Retail shareholder 
base, Multiemedia has secured sponsorship from the Bank of New York to 
establish a Level 1 American Depositary Receipt (ADR) Program that is expected 
to lead to the trading of its ADR's in the US Over the Counter market with the 
ultimate intention of trading on the NASDAQ Exchange.

    Directors of Multiemedia will investigate an appropriate schedule and 
strategy for further development of the ADR program to the benefit of all 
shareholders.
      ----- Original Message ----- 
      From: Cristine Kerr 
      To: sharechat@sharechat.co.nz 
      Sent: Thursday, February 19, 2004 10:41 AM
      Subject: Re: [sharechat] ASX: MUL - Multiemedia


      MUL - Multimedia (not yet edited):

      Total Shares Issued: 1,140,605,652  (Very high - will impact liquidity)

      1) Price:

      Reached .006c April 2003 so there could be long term holders out there 
who could afford to go close to this and still be in front.

      Also, has only been travelling in the 6-12c range since around 
September2003 so there is some danger from those who bought well under these 
prices between Feb02 and Aug03, however; one would think if they were going to 
get out, they'd have already taken advantage of recent increases SO my best 
guess is there would be some stability/support around 6c.

      2) 10.2.04 announcement - new issue: 1M shares are payment for consulting 
services

      3) 14.1.04 - significant contract signed with Airworks on behalf of major 
Airworks client, Woolworths - conditional on certain commercial criteria - 
based on satellite broadbank to 700 Woolies stores - includes additional 
hardware sales opportunites - hailed as vote of confidence in NewSat solution 
which went live Oct03 (could be commercial criteria have been met so the build 
up could be related to this announcement)

      4) Director share purchase: Clinton Starr 20/1/04 - disposed 802,809 for 
$47,595 in January, 6/2/04 - disposed 2.5M for $209,668 in Feb, shares 
remaining 25.5M, so disposal did not represent a large percentage of his total 
holding but an opportunity to take advantage of increased share price.

      5) 6.1.04 - USA Dept of Defence now live in Iraq - opening of Middle 
Eastern/African NSS6 beam - first customer US Dept of Defence went 'live' - 
successfully implemented a hub that enables broadband to over 30 countries - 
Multimedia's Newcastle based space facility is considered to be one of the most 
advanced VSAT communications Hubs in the world with both the Aust and middle 
eastern services operating simultaneously

      6) 16.12.03 - two tranches of options were issued a) 35M @ 10.5c b) 55M @ 
8.75c (exp 1.12.08) were allocated

      7) Change of Directors Interest Notice: 4.12.03 - John Walker - acquired 
83,333 $5K, sold 25,000 $2.5K - held after change 643,333

      8) Change of Directors Interest Notice: 4.12.03 - Adrian Ballintine - 
acquired 166,666 $10K - held after change 31,008,976

      So far, with the exception of number of shares and number of options on 
issue in terms of liquidity, all very, very positive.

      9) 3.12.03 - allocation of shares as result of SPP (share purchase plan) 
- a) 249,999 @ 6c and b) 15385 @ 6.5c

      10) More director share change announcements - not yet viewed

      11) 13.1.03 - delivers broadband - WaveCall, the world's leading provider 
of Maritime Satellite Voice and Data Services has selected Multimedia's NewSat 
services to exclusively deliver broadband to ships at sea within Aust coastal 
waters utilizing SeaTel's state of the art antenna system. Service available 
during first quarter 2004.

      12) 14.11.03 - Chairman's address to shareholders: very positive - refers 
to VSAT as having extraordinary potential

      13) 1.10.03 - full year accounts $16,027,818 net loss in 2002 was quite 
high but was reduced by 30 June 2003 to $5,623,809. As at 30.9.03 company had 
liquid funds of $1,696,375. Events subsequent - $4.25M capital raised through 
clients introduced by Findlay & Co Stockbrokers. Reduced costs, supplier 
relationships improved and broadened. Director's shares as at 30.6.02 - 
63,483,977. Total liabilities were $7,264,224 and without recent financials it 
is difficult to ascertain current revenue, debt, (and possibly profit) levels.

      The wise and cautious would wait for release of financials before 
committing. This does not mean that everyone will wait for this as a look at 
the buyer volume tells us that there is anticipation in the air. Perhaps an 
anticipation of a half-year report.

      A) Suffice to say  the release of positive/optimistic financials would 
push this higher. Loads of potential if they keep up this progress.

      B) Providing cash burn is OK, debt has remained stable or has been 
decreased, and sales are continuing to come in, it should remain relatively 
stable but this would depend on market sentiment, i.e.; it appears the market 
is anticipating good news. Because Mr Market is very sensitive, he doesn't like 
it when his expectations have not been met. This could cause some volatility, 
which is a higher risk when liquidity is an issue due to higher total share 
volumes.

      C) Anything outcome other than A) or B) is likely to cause a sell off.

      Regards,
      Cris
============================================================

Anyone have a theory as to why a large order would be placed at .08c two days running, then removed?

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Thursday, February 26, 2004 7:26 AM

Subject: Re: [sharechat] ASX: MUL - Multiemedia UPDATE

Those interested in Multiemedia may be interested in news items on their website.

 

In particular; this media release may be of interest:

http://www.multiemedia.com/news/news_news_1.html - Australia’s Multiemedia in multi-million-dollar deal with US military in Iraq

Tuesday, 11 November 2003

 

' ... Australian two-way satellite broadband provider Multiemedia, in conjunction with its UK-based partner Transcom, has scored a major coup in winning a multi-million-dollar deal for the US military.

 

While the deal is initially worth $5 million to Multiemedia, it could be worth up to $40 million as the United States Agency for International Development intends to roll out additional sites across Iraq as part of its post-war enforcement and governance program.
Multiemedia Chief Executive Adrian Ballintine said the wireless two-satellite service would allow the US military to communicate from anywhere in the Middle East.

 

“There is only one service provider in the region providing any form of satellite service, and that is quite old. The US military will now be able to set up sites across Iraq and simply, by pointing their dish in the right direction, will have Internet and communication service equivalent to anywhere in the world,’’ he said. ... ' + more promising news - view complete media release on website.

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Monday, February 23, 2004 9:00 AM

Subject: Re: [sharechat] ASX: MUL - Multiemedia UPDATE

 

MUL - ASX Announcement this morning:

 

Acquisition of IP Access International

 

Multiemedia Limited is pleased to announce the signing of a Letter of Intent to acquire US based IP Access International including their North & South American Satellite business and global network and customer base.

 

Preliminary due diligence has been undertaken ...... Further due diligence will be undertaken ....... over the coming weeks, with a view to executing the definitive Purchase Agreement within 60 days.

 

........... consideration for the acquisition is part shares and part cash and earnings per share in Multiemedia are expected to increase as a result of the acquisition.

 

Intention to Pursue NASDAQ Listing: As part of its strategy to expand its worldwide network and to access the US Institutional and Retail shareholder base, Multiemedia has secured sponsorship from the Bank of New York to establish a Level 1 American Depositary Receipt (ADR) Program that is expected to lead to the trading of its ADR's in the US Over the Counter market with the ultimate intention of trading on the NASDAQ Exchange.

 

Directors of Multiemedia will investigate an appropriate schedule and strategy for further development of the ADR program to the benefit of all shareholders.

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Thursday, February 19, 2004 10:41 AM

Subject: Re: [sharechat] ASX: MUL - Multiemedia

MUL - Multimedia (not yet edited):

 

Total Shares Issued: 1,140,605,652  (Very high - will impact liquidity)

 

1) Price:

 

Reached .006c April 2003 so there could be long term holders out there who could afford to go close to this and still be in front.

 

Also, has only been travelling in the 6-12c range since around September2003 so there is some danger from those who bought well under these prices between Feb02 and Aug03, however; one would think if they were going to get out, they'd have already taken advantage of recent increases SO my best guess is there would be some stability/support around 6c.

 

2) 10.2.04 announcement - new issue: 1M shares are payment for consulting services

 

3) 14.1.04 - significant contract signed with Airworks on behalf of major Airworks client, Woolworths - conditional on certain commercial criteria - based on satellite broadbank to 700 Woolies stores - includes additional hardware sales opportunites - hailed as vote of confidence in NewSat solution which went live Oct03 (could be commercial criteria have been met so the build up could be related to this announcement)

 

4) Director share purchase: Clinton Starr 20/1/04 - disposed 802,809 for $47,595 in January, 6/2/04 - disposed 2.5M for $209,668 in Feb, shares remaining 25.5M, so disposal did not represent a large percentage of his total holding but an opportunity to take advantage of increased share price.

 

5) 6.1.04 - USA Dept of Defence now live in Iraq - opening of Middle Eastern/African NSS6 beam - first customer US Dept of Defence went 'live' - successfully implemented a hub that enables broadband to over 30 countries - Multimedia's Newcastle based space facility is considered to be one of the most advanced VSAT communications Hubs in the world with both the Aust and middle eastern services operating simultaneously

 

6) 16.12.03 - two tranches of options were issued a) 35M @ 10.5c b) 55M @ 8.75c (exp 1.12.08) were allocated

 

7) Change of Directors Interest Notice: 4.12.03 - John Walker - acquired 83,333 $5K, sold 25,000 $2.5K - held after change 643,333

 

8) Change of Directors Interest Notice: 4.12.03 - Adrian Ballintine - acquired 166,666 $10K - held after change 31,008,976

 

So far, with the exception of number of shares and number of options on issue in terms of liquidity, all very, very positive.

 

9) 3.12.03 - allocation of shares as result of SPP (share purchase plan) - a) 249,999 @ 6c and b) 15385 @ 6.5c

 

10) More director share change announcements - not yet viewed

 

11) 13.1.03 - delivers broadband - WaveCall, the world's leading provider of Maritime Satellite Voice and Data Services has selected Multimedia's NewSat services to exclusively deliver broadband to ships at sea within Aust coastal waters utilizing SeaTel's state of the art antenna system. Service available during first quarter 2004.

 

12) 14.11.03 - Chairman's address to shareholders: very positive - refers to VSAT as having extraordinary potential

 

13) 1.10.03 - full year accounts $16,027,818 net loss in 2002 was quite high but was reduced by 30 June 2003 to $5,623,809. As at 30.9.03 company had liquid funds of $1,696,375. Events subsequent - $4.25M capital raised through clients introduced by Findlay & Co Stockbrokers. Reduced costs, supplier relationships improved and broadened. Director's shares as at 30.6.02 - 63,483,977. Total liabilities were $7,264,224 and without recent financials it is difficult to ascertain current revenue, debt, (and possibly profit) levels.

 

The wise and cautious would wait for release of financials before committing. This does not mean that everyone will wait for this as a look at the buyer volume tells us that there is anticipation in the air. Perhaps an anticipation of a half-year report.

 

A) Suffice to say  the release of positive/optimistic financials would push this higher. Loads of potential if they keep up this progress.

 

B) Providing cash burn is OK, debt has remained stable or has been decreased, and sales are continuing to come in, it should remain relatively stable but this would depend on market sentiment, i.e.; it appears the market is anticipating good news. Because Mr Market is very sensitive, he doesn't like it when his expectations have not been met. This could cause some volatility, which is a higher risk when liquidity is an issue due to higher total share volumes.

 

C) Anything outcome other than A) or B) is likely to cause a sell off.

 

Regards,
Cris

----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/