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Hi Karyn,
Thank you for providing info on
shareholders.
The ASX query re MUL share price on
7.1.2004 followed a rapid rise in the SP which was directly attributable to
an ASX Announcement on 6.1.04 advising of successful implementation of
infrastructure to service the US Dept of Defence - as announced by MUL on
11.11.03. This was the deal that caused MUL to open its Middle Eastern/African
beam twelve months earlier than planned.
This was not 'rubbish PR' but confirmation that
MUL had implemented the infrastructure to service the US Dept of Defence
agreement.
This was an attractive proposition from a
shareholder perspective as MUL confirmed they were now up and
running, and able to service (generate revenue from) the earlier
agreement.
Cris
----- Original Message -----
Sent: Friday, April 02, 2004 1:57
PM
Subject: Re: [sharechat] RE: MUL and
other technology stocks
HI Chris
You misunderstand me - I am not put off by insiders
selling - every one has
their reasons for it. Institutions buy and
sell all the time, its no big
deal, they are usually just profit taking so
their end of Qrt figures look
good.
But I am put off by a rapid share
price rise, co-inciding with a flurry of
rubbish PR, a ASX share price
query, then a dump of shares. That smacks of
share price
manipulation to me.
My reasons for recommending TNE is its rising
profits, rising dividends,
rising share price, increasing cashflows, a
history of information
transparency, good management, 3 years of earnings
suprises on the upside,
fully expensed R&D (at 20% of revenues), good
return on capital and equity,
and solid market and financial performances
throughout the entire dotcom
meltdown.
It gets beaten down with all
the other technology stocks, and doesnt get
much press, but I figure one
day it will get noticed and appreciated :-)
I've certainly done well
out of it with a 75% rise in share price, and
another 11% return in
dividends.
David - 60% of the shareholding lies with directors,
management, and
employees. 2 of the substantial shareholders
(chairman and director) own
54.7% between them (and who have not been
selling!), and the other is
Commonwealth Bank with
8.45%.
Karyn
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