Forum Archive Index - March 2004

[Paul coykendall <pcazmi@yahoo.com>]

CHRIS, help me out please, asx semiconductrors, o.k.....now  'wal'  is there a relationship with asx?   wal does not come up with a quote on yahoo.... is it a company?  thank you, i'lll get up to speed some day......paul

Cristine Kerr <criskerr@optusnet.com.au> wrote:

Hi Allan,

 

WAL is not a short-term hold. Note total share volume is only 28,885,005 - this is rare and serves very well as a stabilizer, hence low buy/sell movement and volume but improved ability to hold value - a trade-off.

 

Have copied info from earlier posts below.

 

Hope this helps.

 

Regards,

Cris

EXTRACT FROM
ASX Announcement: WAL 3:39 PM ! Receives $1Million of Orders for Wireless Modems

 

WAL has received orders totalling $1M for wireless modems from 3 US companies.

 

The WAL product is the only solution in the US to use a multi-mode system that automatically switches between land-based wireless and satellite communications networks which ensures maximum coverage and more cost efficient communications as the device decides which network is best used at any point in time based on operational data costs and coverage.

 

Deliveries of the BM3 DataTAC will commence in April and will continue monthly through to August. Further orders of similar size are expected during the year to meet demand beyond this initial period.

 

Additionally Wavenet has been working with a laptop manufacturer to integrate its BM3 Mobitex modem into their product.

 

We now have a backlog of $3.4M for modems and good prospects for additional orders going foward.  More importantly for us though is the quality of customers now being signed up. These customers have volume and consistent demand for our technology going forward.

---

Half-year Report released Friday 27Feb, 6.42pm

 

All great news:

 

Revenue UP 790% - $2,370,000 ($266,253 previous corresponding period) (NB $2,370,000 includes $1.4m grant which means revenue excluding grant was still up around 375%)

Cash Outflows DOWN 81% - $227,503 ($1,180,585 corresponding period)

Net Loss DOWN 47% - $653,000

Cash Balance UP 25% - $1,411,550

Current Liabilities: $872,797

Total Net Assets: $1,435,063

Events subsequent: As at 27 Feb - new agreements and backlog of sales orders totalling $2.4M with deliveries scheduled before end June 2004 (SUPPLEMENTARY INFO - notices since 31 Dec03 follow)

 

The Board believes additional contracts will be secured during the coming months fulfilling a major strategic goal of diversifying its customer base and establishing a more consistent revenue stream going forward. Within the next 12 mths, the Directors expect that Wavenet will become the major supplier of this wireless technology into the Northern American market place.

 

---

 

SUPPLEMENTARY INFO:

 

9.2.04

Keycorp places more orders (2500) for wireless modems (total now over 4500)

 

9.2.04

Signs Global Wireless Data LLC as major reseller for US

 

25.2.04

WAL - Wavenet

 

Wavenet International Limited has just received their first order from Lipman Electronic Engineering Ltd (US).

 

Wavenet's BM3 wireless modems will be integrated into Lipman's EFT (Electronic funds transfer) and POS (point of sale) solutions which will enable users to conduct debit and credit transactions in a mobile environment over worldwide networks.

 

This initial order for Wavenet's BM3, which is anticipated to be the first of repeat quarterly orders from Lipman, is valued at $500K.

 

Lipman has subsidiaries in the US, China, Turkey, Far East, Latin America, Spain, Russia, Italy, Canada, and Latin America.

 

Wavenet is evidencing growth in demand for wireless point-of-sale terminals. They are seeing a trend in the US towards cashless transactions and mobile commerce which are ideally suited to their technology.

 

Wavenet expects to see more groups making decisions to move from trials to mass deployments over the next few months.

 

The technology for this niche product was developed by Wavenet under an AusIndustry R&D Start Grant and Wavenet continues to conduct R&D into more adaptable wireless architectures capable of working over a number of networks.

 

26.2.04

WAL - Wavenet Signs Supply Agreement with Cingular Interactive for Mobitex Wireless Modules - Initial Order Worth $1.2M - ASX Announcement at 12.15pm today

 

' ... Cingular's Mobitex network is in the US leading data-only network and provides extensive coverage, high reliability and low latency in more than 492 markets, covering 93% of the urban business population in the US. ... '

 

The deal is based on Wavenet's BM3 wireless module which is destined to become the company's flagship product. It is the most advanced of its kind in terms of power efficiency, performance and ability to run applications. BM3 was developed to target numerous growth markets in automoatic vehicle location, mobile point of sale, security, and cashless vending.

 

BM3 is an important part of Wavenet's strategy to become the largest supplier of this technology into the US.

 

 

NB Total Shares Issued - 28,885,005 (Does it get any better than this?)

 

---

 

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

From: Allan Julian

To: sharechat@sharechat.co.nz

Sent: Tuesday, March 16, 2004 3:14 PM

Subject: RE: [sharechat] Cris' Current Watch List & IHG

Chris,

 I saw that and thought I would purchase, however was put of buy the indepth screen, indicating that there had been no sales in them today.

It was to me a bit of a puzzle, one thing I look for is liquidity, it seems to be a company you could not bale out of in a hurry.

 I sometimes cut my losses and run quick, it looks more of a slow buy and slow sell, if more than about $5000.00 worth were to change hands.

Could you please comment, I have your watch list in front of me and am working through it, just havent got to WAL yet.

Thanks Allan.

 

 

[Allan Julian]  -----Original Message-----
From: sharechat-owner@sharechat.co.nz [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Cristine Kerr
Sent: Tuesday, 16 March 2004 5:58 p.m.
To: sharechat@sharechat.co.nz
Subject: Re: [sharechat] Cris' Current Watch List & IHG

ASX Announcement today

WAL

3:39 PM

!

Receives $1Million of Orders for Wireless Modems

 

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

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Monday, March 15, 2004 8:23 AM

Subject: Re: [sharechat] Cris' Current Watch List & IHG

Hi Allan,

 

Re: ASX - IHG Intellect Holdings Limited

 

Have taken a quick look:

 

Financial results were released on 27.2.04

 

Negatives:

Pre-tax loss of A$7.3M (July-Dec'03)

Net loss of A$15.3M (July-Dec'03)

Includes One-off Costs:

1) Redundancy provisions for Brussels operations

2) Costs associated with integration of Touchcorp activities into Aust organisation

3) Clean up of balance sheet (A$7.9M (full write-down of cumulative Deferred Tax assets to increase transparency of the balance sheet)

4) Increase in borrowing costs though I didn't go any deeper into this. Could be additional borrowings, or they may have increased their repayment schedule to repay faster.

 

Positives:

1) Revenue up 43.57% to A$23.3

2) Sound trail of orders coming from new markets including USA, Mexico, Brazil, China, Sth Africa, Latin America

3) A$80M forward order book that will see the company returning to profitability soon (delivery anticipated in latter half of year)

4) Recent deals with St George Bank, CBA for Intellect TAFMO business solutions packages. (This solutions package provides annuity-based revenue streams.) Anticipation of implementation in other markets soon.

 

Looks good to me and should definitely be added to a watch list.

 

Timing of entry will be related to news of improved profitability which may be obvious (eg; an ASX notice - financial statement) or inferred (eg; ASX release regarding a significant order or evidence of continuing multiple orders from established and new markets)

 

I understand your frustration.

 

Hope this helps,

Cris

 

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

From: Allan Julian

To: sharechat@sharechat.co.nz

Sent: Sunday, March 14, 2004 4:27 PM

Subject: RE: [sharechat] Cris' Current Watch List

Thank you Chris,

IHG have taken a tumble and I can't figure out why, from memory you were once looking at this one, do you or any one elese have any info? It looks like a buy to me.

Thanks Allan 

-----Original Message-----
From: sharechat-owner@sharechat.co.nz [mailto:sharechat-owner@sharechat.co.nz]On Behalf Of Cristine Kerr
Sent: Sunday, 14 March 2004 5:16 p.m.
To: sharechat@sharechat.co.nz
Subject: [sharechat] Cris' Current Watch List

Hi All,

 

As a fairly regular poster, I thought I'd share some of the more promising from my present (evolving) watch list on the understanding it may be different again tomorrow.

 

NB A good prospect today can be a bad prospect tomorrow and vice versa depending on world events, good/poor business planning and execution, changes in key executives (eg KAZ last year), etc, etc, etc.

 

I consider all of the following to have high growth potential. I'm reasonably sure all of these have been summarized at varying times.

 

CBD - Maintain a vigil for best entry price
INL - Wait a while for it to settle down again
IVN - May take a while
MIC - Await confirmation of BioGold acquisition
MUL - Great today, tomorrow, etc, etc (I researched this one following an excellent tip from 'Oski' who posts occasionally to an Ozzie forum.)
NLX - Hoping it will drop a little more to make it worthwhile
PDR - Promising a return of capital to shareholders
SKG - Market has grown a little bored with SKG of late
VSG - Long overlooked - ticking time bomb
WAL - Great buy today, tomorrow, etc, etc
ZYL - Wait until it settles after Rights Offer period.

 

All the above notations are naturally subject to change of circumstances.

 

These shares have what I consider to be high growth potential which usually goes hand-in-hand with high risk. I minimize risk via research and tracking.

 

These shares are suited to a patient, long-term hold. Time frames will be dependent upon market trends and factors.

 

As always, I like to share info that may bring benefit to someone else.

 

Regards,
Cris

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