For those interested in learning more about MUL's
potential, I have posted the URL to locate a Findlay & Co
Stockbrokers report on MUL's website (Adobe
format) below:
http://www.multiemedia.com/news/news_arch.html
The
Report is dated Aug 2003:
If you need a good reason to look it up, here's an
extract from the front page:
EARNINGS FUNDAMENTALS
Year Ended June 30 2003E 2004E
2005E 2006E
NPAT
A$m
1.3 34.0 82.0
139.0
EPS
cents
0.1 3.7
9.0 15.3
PER
times
48.3 1.9
0.8 0.5
DPS
cents
0.0 0.9
2.3
3.8
Yield
0.0% 13.3% 32.2% 54.5%
Regards,
Cris
----- Original Message -----
Sent: Wednesday, March 24, 2004 11:18
AM
Subject: Re: [sharechat] ASX: MUL
UPDATE
The tide appears to
have turned.
Message -----
Sent: Friday, March 19, 2004 8:34
AM
Subject: Re: [sharechat] ASX: MUL
UPDATE
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
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