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From: | "Cristine Kerr" <criskerr@optusnet.com.au> |
Date: | Thu, 4 Mar 2004 15:11:34 +1000 |
CBD has stated they'll be in profit by June.
CBD is selling for around 1c !! I've been watching for a while. Someone has been buying regularly - keeping a low profile - taking everything at 1c. Make sure this is on your watch list. Quick review:
ASX:CBD - CBD Energy
Total Shares on Issue:
1,098,252,553 ( will impact liquidity) 1) 19.2.04 - Contract win to reduce energy
consumption - strategic win in Aust target market - $200K+
2) Appt of new CFO and Company Secretary + change
of registered premises
3) 31 1.04 - Strategic contract win through Hong
Kong based wholly owned subsidiary Ventronics to Caylee Property Mng (part of
Hutchison Whampoa Property Group/Cheung Kong Group) to reduce energy consumpton
of sea water pump system within City Garden Hotel complex in Hong Kong - value
HK$520K payable over 12mths
4) 2nd Qtr Report - period ended 31 Dec 03 (Newly
acquired; Parmac; not included in these results)
. includes CapTech acquired 1 Oct 03 - CapTech
sales revenue running at approx $250K per mth and business is trading
profitably
. Cash at end of qtr $1,153,000
. Receipts 6mths - YTD $426K (NB***$396K of this
was received in the last qtr) Outgoing cash flows have been high but this shows
promise.
5) Parmac (heating, ventilation, airconditioning) -
was acquired for $1.25M (2.5times EBIT) on 15.1.04 (after quarter end). $250K of
this is in trust pending EBIT targets being achieved for the 2004 calendar year.
Parmac is expected to be earnings positive for CBD from day one
6) As at 16 Jan 04; annualized turnover for the
CBDE group was approaching $10M. It is expected that there will be significant
growth in CBDE's core energy management businesses, both in Hong Kong and
Australia in the coming months and the Parmac acquisition will further
strengthen this group by adding to CBDE's distribution network.
Lots of
potential. |
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