Hi Woody,
Haven't dug too deep. Not sure what your
interest is, but this one is certainly different from anything I've viewed
before.
First Impressions: Not at all sure why they've
decided to pay a dividend - seems odd. Would have preferred far more
detail in their accounts which makes me suspicious.
The following represents the notes I take
whilst I'm reading, plus a couple of recent announcements.
How deep did you want me to go?
Regards,
Cris
____________
ASX: MAC - Macro Corporation Limited (Ocean Spirit
Cruises)
ASX Release 10.2.04 - Full Year Financials to
31.12.2003
Revenue up 1.6% to $7,880,000 ($7,758K
previous corresponding period)
Expenses down a little $7,509,000
($7,606,000 previous corresponding period)
Borrowing Costs up a little - $227,000
($208,000 previous corresponding period)
Gross Profit - $150,000
Net profit - $150,000 (loss of
$56K recorded for previous corresponding period)
Basic Earnings per share - .0016 (.0006
previous corresponding period)
Diluted earnings per share - .0016 (.00006
previous corresponding period)
Final Dividend - .0016 cent (30% franked) -
Record date for determing entitlement was 23 March 2004
Prepayments & Deposits - down a
little?
Total Current Liabilities up -
$965,000
Total Non-Current Liabilities -
$2,780,000
Tax Deferred Assets - $665,000 ($678K previous
corresponding period)
Net Assets - $10,282,000
Accumulated Losses - $4,841,000
Cash Flows - payments to suppliers &
employees down a little from corresponding period
Cash Position - $3,146,000
($2,739 previous corresp period) - $879,000 + $2,267,000 in
'deposits at call'
Net Operating Cash Flows - $702K
Net Investing Cash Flows - Negative
(-$142K)
Cash Flows from financing activties - Negative
(-$153K)
NB No details provided to
enable deeper assessment of incoming/outgoing.
______________
ASX Release 19.1.04
Macro subsidiary Ocean Spirit (Mlbourne) Pty
Ltd completed acquisition of Whitsundays based businesses - Oceania Dive and
Pro Dive Whitsunday
_____________
ASX Release 15.1.04
Four contracts for the purchase of Oceania Dive
and Pro Dive Whitsunday - total consideration - $4.85M -
includes;
1) purchase of freehold land at Sute Harbour
Rd, Jubilee Park (Dive Training Centre) owned by Gainroyal Pty
Ltd
2) Purchase of strata title retail shop being
part of Harry Muller House at cnr Shute Harbour Rd &Broadwater Ave,
Airlie Beach (Dive equipment shop and booking centre) owned by Havenbay Pty
Ltd
3) Purchase of commercial building in Blue Bay
Industrial Estate, Cannonvale (Commercial building) owned by Pty Ltd; and
Havenbay
4) Purchase of the businesses Oceania Dive and
Pro Dive Whitsunday owned by Havenbay Pty Ltd
Businesses will continue to use current
names and continue to provide scuba dive training to prof
standards & day and overnight reef diving expeditions. Ocean Spirit Pty
Ltd presently operates a reef cruise business out of Cairns with dive
training and reef diving packages available as part of the
cruise.
____________
TOP TWENTY SHAREHOLDERS AS AT
28/02/2003
NAME
NUMBER %
Entrepreneur Development
Capital Pty Ltd 61,217,406
66.41
Southern Nominees (Tempatan) Sdn
Bhd 11,078,550 12.02
Dr Salim
Cassim
2,288,100 2.48
Baharum Mohd
Amin
1,400,000 1.52
Abu Bakar
Ismail
1,364,826 1.48
Fazmin HJ
Talib
1,259,500 1.37
Ng Leong
Sing
1,236,451 1.34
Lee Choong
Lim
1,236,450 1.34
Blackmort Nominees Pty
Ltd
810,000 0.88
Mohd Annuar
Maustafa
740,000 0.80
Frank
Romanin
724,843 0.79
Rodger
Fernandez
606,500 0.66
Citicorp Nominees Pty
Ltd
442,500 0.48
Lawrence Charles
Stapleton
430,000 0.47
Ian James
Cameron
421,300 0.46
Jit Hwa
Low
350,000 0.38
Cimsec Nominees Sdn
Bhd
291,000 0.32
Bernadette
Rankine
279,250 0.30
Janice Mary
Gerkens
276,965 0.30
Mei Hsiu
Chen
255,000
0.28
TOTAL
86,708,641 94.08
___________
