|
MUL is showing early signs of stabilizing so keep a
close watch.
Regards,
Cris
----- Original Message -----
Sent: Wednesday, March 17, 2004 2:08
PM
Subject: Re: [sharechat] ASX: MUL
UPDATE
I have been watching MUL closely and have been
impressed with the way it has held up against a heavy downward strategy.
Also, there appears to be a sufficient level of
support exhibiting stable behaviour.
These factors may contribute to stabilization,
followed by an upward turn.
Regards,
Cris
----- Original Message -----
Sent: Tuesday, March 16, 2004 10:58
AM
Subject: Re: [sharechat] ASX - MUL
Thought this may be of interest:
The following is copied from Midland Funds
Management website (publicly available):
' ... Over the past few weeks, the value of the
Fund has moved up and down within a five percent range. Much of this
volatility is due to our largest position, Multiemedia (MUL.ASX), which has
had huge swings of up to ten percent in a single day. Although this
stock is heavy with short-term traders, I anticipate that in the long run
holding this position is the right thing to do, rather than trying to take
advantage of the swings. The reason for this is simple – I am still
anticipating large moves triggered by either several good announcements in
quick succession or when earnings numbers come out that take into account the
company’s recent contract wins and activities. I do not want to have
anything less but the largest position possible when the big move up comes,
and because the moves are so quick it is necessary to stay fully
invested. There are many other factors that could give the stock a boost
and I feel it is only a matter of time. Multiemedia recently announced
that it is buying a North American company to help expand its reach globally
and also announced that it will be seeking a NASDAQ listing, which would
theoretically bring a new influx of capital and investors to the stock. ...
'
----- Original Message -----
Sent: Tuesday, March 16, 2004 10:28
AM
Subject: Re: [sharechat] ASX -
MUL
MUL - A strategy is being executed to
bring the share price down and whilst it is in play, wiser to
remain an observer or, depending on your investment and exit strategy,
hold-on till it turns.
----- Original Message -----
Sent: Friday, March 12, 2004 6:42
PM
Subject: Re: [sharechat] ASX - MUL
ASX Notice 6.09pm today:
Adrian Ballintine, Managing Director & CEO,
held over 30M shares (specifically 31,008,976 shares) and sold 3M shares.
To put this sale into perspective, he sold 10% of
his holding to gain $231k.
10% doesn't concern me.
I would have been quite happy to do the
same.
----- Original Message -----
Sent: Monday, March 08, 2004 10:03
AM
Subject: Re: [sharechat] ASX: MUL -
Multiemedia UPDATE
News link may be of interest:
A similar story was published in last Saturday's
(6/3/04)Business Section of The Courier Mail.
----- Original Message -----
Sent: Friday, March 05, 2004 9:50
AM
Subject: Re: [sharechat] ASX: MUL -
Multiemedia UPDATE
NB As I understand it; Fund Managers buy the
ASX300 - good company to be in!
Regards,
Cris
----- Original Message -----
Sent: Friday, March 05, 2004 8:41
AM
Subject: Re: [sharechat] ASX: MUL -
Multiemedia UPDATE
Keep an eye on MUL today. They just made it
onto S&P's top ASX 300 list!
----- Original Message -----
Sent: Tuesday, March 02, 2004 10:56
AM
Subject: Re: [sharechat] ASX: MUL -
Multiemedia UPDATE
Large sell order at .081 has just been
removed.
----- Original Message -----
Sent: Tuesday, March 02, 2004
9:15 AM
Subject: Re: [sharechat] ASX: MUL
- Multiemedia UPDATE
Due to its significance, I have copied an
extract below:
Entitled: Australia’s Multiemedia in multi-million-dollar
deal with US military in Iraq
Dated: Tuesday, 11 November 2003
' ... Mr Ballintine said Multiemedia had
not planned to activate the satellite beam over the Middle East/Africa
until next year because of the cost involved. “However, with the US
military and the other customers we signed in Dubai, we have brought
it forward 12 months earlier than anticipated.’’ ... '
The significance of this statement
is in the 'pull market' factor (as opposed to a 'push market' factor),
that is; there is a large untapped market demand that caused
Multiemedia to bring forward plans by 12 months.
A 'pull factor
is extremely rare and therefore; highly significant.
Regards,
Cris
----- Original Message -----
Sent: Monday, March 01, 2004
4:55 PM
Subject: Re: [sharechat] ASX:
MUL - Multiemedia UPDATE
This profile of this stock suggests it
is destined for a very successful year and a significant upward
price movement.
----- Original Message -----
Sent: Monday, March 01, 2004
9:15 AM
Subject: Re: [sharechat] ASX:
MUL - Multiemedia UPDATE
MUL - Multiemedia - Overview of Half Year Report to 31 Dec -
released to market Friday, 27Feb, 7.50pm
Negatives:
- Revenue $8,202,000 (down from same 6mth period
Jul-Dec 2002 - $14,505,000)
- Net Loss $4,558,000 (up from same 6mth period Jul-Dec 2002 -
$518,000) - Loss in in line with the Board's expectation of
loss for this period Jul-Dec 2003.
- Cash burn rate - associated with sales and development
work in progress
Positives:
- Current Assets UP since June'03: $14,923,000 ($4,101,000 -
June 2003)
- Non-current Assets UP since June'03: $3,651,000 ($2,026,000
- June 2003)
- Curent Liabilities DOWN since June'03: $3,833,000
($6,893,000 - June 2003)
- Non-current Liabilities DOWN since June'03: $296,000
($369,000 - 2002)
- Board is confident work in progress will see a substantial
turnaround by June 30th. (NB Refer positive
announcements since 31 December.)
- 1,376% increase in assets over liabilities.
- Cash at bank (as at Dec03) - $11,000,000
- Disposal of non-core businesses has been finalized.
Additional:
- Businesses: Both of the following synergistic
businesses have been branded for global recognition in
conunction with independent marketing and advertising
agencies.:
High speed satellite broadband: NEWSAT - Newcastle
based teleport being developed into a world class facility with
the capacity to initially provide hi-speed broadband
connectivity to 60% of the world's population. Customers secured
in Aust, PNG, Timor, Iraq, Iran, Bahrain, Saudi Arabia,
Lebanon.
Technology Distribution: MTD - For the
Jul-Dec'03 period, this segment contributed the
majority of revenue.
New staff with skills to drive both businesses will underpin
a successful future.
- Events subsequent: MUL have released very positive ASX
announcements since December 2003.
In my opinion, this company is set to do extremely
well this year and beyond so should attract a lot of interest
now from longer term holders which will be great for the share
price.
----- Original Message -----
Sent: Thursday, February
26, 2004 10:17 AM
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 -----
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:
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 -----
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 -----
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
|
See IRG research reports
