|
Announcements since 31 December show well-planned
and steady progress, high potential for revenue growth, and minimal cash outlay
for SKG.
Add these factors to the half-year result (see
summary below) = high likelihood of an upgrade to earnings guidance for the full
financial year.
............
Half-year financial period ending 31 December
2003
1) Revenues UP 120% - 6MTHS $2.12M (corresponding
period - $963,789)
2) Net profit UP - 6MTHS $0.8M (corresponding
period 2002 - NET LOSS $1.62M)
3) Net Assets UP 2000% - $4.08M (corresponding
period 2002 $201,633)
4) Cash Balance UP 630% - $1.32M (corresponding
period $180,955)
5) CEO, Jonathan Soon said; "We are extremely
pleased with the net profit results ($0.8M) for the 6 month period as we had
earlier forecasted net profits of $1M for the full financial year ending June
30, 2004."
6) "The Directors will make a decision early next
quarter on whether to raise its earnings guidance for the full financial year,"
said Mr Soon.
...........
----- Original Message -----
Sent: Monday, February 23, 2004 2:09
PM
Subject: Re: [sharechat] SKG - Skynet
Global UPDATE
SKG - ASX Announcement 2.33pm today:
SAP CFO Joins SkyNetGobal Board
SAP executive; Tim Ebbeck; appointed as
Non-Executive Director of SkyNetGlobal
Mr Ebbeck is the Chief Financial Officer for SAP
Australia and New Zealand, a leading global software company that is
the market leader in ERP systems.
Prior to joining SAP, Tim was CFO. Asia Pacific
Region FOR TMP Worldwide and CFO, Sth Pacific Division for Compaq Computer and
its investment vehicle where he was actively involved in venture capital
activities for Compaq group.
... Tim Ebbeck said "I am looking forward to
working with an innovative and energetic young company such as SkyNetGlobal.
SkyNetGlobal has done the hard yards since listing in 2000 and is now poised
for a significant growth phase both in its remote access business and in the W
Home communication and home automation business. I am confident I can make a
significant contribution and welcome the challenges ahead."
----- Original Message -----
Sent: Monday, February 23, 2004 7:43
AM
Subject: [sharechat] SKG - Skynet
Global
TELSTRA'S wireless hotspot alliance with McDonalds has come to
fruition, with the first access points going live in the hamburger
chain.
The alliance will eventually see around 500 installed at
McDonalds locations, with the rollout due to be completed within 12 to 18
months. Hotspot access can be paid for via a Telstra post-paid mobile phone
account or by credit card.
Telstra's next priorities in hotspot
acquisition would be conference locations and the addition of more hotels,
Telstra spokeswoman Virginia Murphy said.
Rival Optus has also
targeted food outlets with its wireless service, forging alliances with
Gloria Jean's and Hudson's coffee shops and the Deli France chain of
sandwich shops.
...........
This is significant news.
A seriously big Telco committing investment $ to this technology means
they are convinced of WiFi's future potential and should be planning
additional strategies for network expansion.
Regards,
Cris
| 
See IRG research reports
