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MUL travelling much the same as always of late - 'short
sell' strategy in place - has been this way for some time now - MUL has held up
very well against this strategy.
This means a slight move upward could be
a catalyst for a fine rally.
Regards,
Cris
----- Original Message -----
Sent: Monday, March 29, 2004 9:55
AM
Subject: Re: [sharechat] ASX: MUL
UPDATE
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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