CDR - Commander Communications

[3 veiws of a secret]

I think that if you check the recent ASX announcements you will find it is no longer AUD1B as it has been removed from the ASX200 index based upon the continuing decline of the market capitalisation.

You know the news is bad when the large institutional investors are sending in notices advising that they are ceasing to be substantial holders.

This is becoming a fire sale not unlike Repco 18 mos ago and who knows when & at what level the decline will stop.

A Nightmare indeed, still holding, only because I have been away from the computer for the last 3 weeks

 

[MannyB]

Hi there,

this is my first post on this forum, so a BIG HELLO to everyone...

In terms of CDR, I had bought some a few months back at just over $1 & now see them hit 50c today (while institutions are dumping them)... Is now a good time to buy at such a low price (price possibly artificially low due to the heavy selling of institutions?)?

I forgot to mention, based on Commsec's CDR financials, it shows a book value of $1.14 (which is over double what it is trading today)

Cheers,

MannyB.

 

[uptrend]

In terms of CDR, I had bought some a few months back at just over $1 & now see them hit 50c today (while institutions are dumping them)... Is now a good time to buy at such a low price (price possibly artificially low due to the heavy selling of institutions?)?

I forgot to mention, based on Commsec's CDR financials, it shows a book value of $1.14 (which is over double what it is trading today)

From the substantial holder notice of AMP yesterday, as of this morning they only have about 13 million shares left to sell, so far in today's trading, the volume has now exceeded that, so IMO AMP has almost offloaded they shares by now, the downside is now limited IMO

 

[adamwu]

From the substantial holder notice of AMP yesterday, as of this morning they only have about 13 million shares left to sell, so far in today's trading, the volume has now exceeded that, so IMO AMP has almost offloaded they shares by now, the downside is now limited IMO

Hope so. But interesting thing is why AMP get off this boat? is there any source said AMP spend money on something else? and who else bought this huge shares?

 

[MannyB]

May have something to do with CDR no longer being in the S&P 200? (which could be part of the criteria of a particular fund that may have held CDR?)

I'm tempted to buy some at this low price though, the company can't be doing so badly (they do have many large gov't contracts & the price drop may just be an over-reaction?)

Cheers,

MannyB.

 

[ROE]

I'm getting some more .. I bought 20,000 at 69 cents I'm getting another 10,000 at 48-49 cents

I look fear selling into their face and laugh bring it on

 

[SevenFX]

I'm getting some more .. I bought 20,000 at 69 cents I'm getting another 10,000 at 48-49 cents

I look fear selling into their face and laugh bring it on

Averaging DOWN (if you beleive in it) only works when thier is light at the end of the tunnel....????

ATM cdr is an unknown, and the charts don't suggest otherwise. IMO

SevenFX

 

[ROE]

Averaging DOWN (if you beleive in it) only works when thier is light at the end of the tunnel....????

ATM cdr is an unknown, and the charts don't suggest otherwise. IMO

SevenFX

I done my research and I stick to my gun thick and thin and if the opportunity present at level well below the price I'm willing to pay then I'm loading it up.
I could be wrong though but not many people make money if they don't stick to their conviction .

we will get back to this thread 1-2 years from now whether I made a bad move or a well informed move

 

[SevenFX]

we will get back to this thread 1-2 years from now whether I made a bad move or a well informed move

I agree research is paramount, and buying the dips n selling the peaks is also a good thing, but this is no dip and more like an avalanche IMO.

But everyone to their own, which is why the market works.

If the company exists in 1-2 years (which is a long time), you may be in profit and you will be rolling in it... or licking ones wounds, hence could be like the other onetel, hih, bdg investors...???

BUT if you did that with your other holds, then your risk exposure is far greater, esp with more downward pressure from the US looming ecomony.

Also if I had CDR and were offloading, it would be comforting to know there are people with an opposite view and cashed up :

Wish you well though.
SevenFX

 

[adamwu]

SP touched 46.5c. Around 19m vol, it is a huge sell. Looks like it is not only AMP selling. Will this company breakup?

 

[Awesomandy]

Averaging DOWN (if you beleive in it) only works when thier is light at the end of the tunnel....????

I would agree to this. I have Bloomberg TV in front of me everyday, and CDR keeps appearing in the "ASX200 most down" list. Besides, it is usually not too late to buy in once the new uptrend has been established. Until then, I'm sure that there are other opportunities as well.

 

[brilliantmichael]

Commander's supposed to be a billion dollar company, but I haven't seen any of their branches. I know they do B2B and G2B services, but I'd never heard of them before. A few answers would be appreciated!

-----

Who are their competitors for example? (We know they were spun off Telstra, and now Telstra IS one - any others?)

Why have they been issuing shares for the past 2 years? (From 147m to 229m shares in less than 3 years?? wat tha?)

What is that goodwill component?

Why is management all *hush hush* and clamming up now (they haven't released a statement in months, bar the prelim), whereas before they were quite happy to sell the good news? And 3 profit downgrades.... why not just be conservative and give it straight?

-----
PS: "Research" doesn't just mean just looking at the charts and getting excited! You gotta be sure. Just my caveat!

PPS: Either/Or: Either: PPT and AMP are burning (other people's) money for some really wacked thrills, Or: PPT and AMP know something WE don't

PPPS: If this is another OneTel, then look out below...

 

[MannyB]

I must say we use CDR for our purchases here at work (we spend a few $mil on Microsoft licences, PC hardware, CISCO gear, etc.) & have always been professional & do offer similar services to many colleagues of mine in the same industry... Speaking to some of the sales staff they feel the company is doing well (and actually have been adding shares to their portfolios, as they think the market is over reacting), but then again, we don't know what goes on behind the scenes, only the MD's &/or CEO would know the true story... I'm still tempted to purchase some additional shares later in the day...

Cheers,

MannyB.

 

[adamwu]

Commander's supposed to be a billion dollar company, but I haven't seen any of their branches. I know they do B2B and G2B services, but I'd never heard of them before. A few answers would be appreciated!

-----

Who are their competitors for example? (We know they were spun off Telstra, and now Telstra IS one - any others?)

Why have they been issuing shares for the past 2 years? (From 147m to 229m shares in less than 3 years?? wat tha?)

What is that goodwill component?

Why is management all *hush hush* and clamming up now (they haven't released a statement in months, bar the prelim), whereas before they were quite happy to sell the good news? And 3 profit downgrades.... why not just be conservative and give it straight?

-----
PS: "Research" doesn't just mean just looking at the charts and getting excited! You gotta be sure. Just my caveat!

PPS: Either/Or: Either: PPT and AMP are burning (other people's) money for some really wacked thrills, Or: PPT and AMP know something WE don't

PPPS: If this is another OneTel, then look out below...

woo, these are very professional questions, i wanna know the answers too. I heard the restructuring is for branchs. anyone can help us?

 

[MannyB]

Hi Adamwu,

I suspect the number of shares issued has increased substantially due to the Volante takeover (allocating shares to the Volante share-holders, which did include the ex-Ipex share holders that were bought out by Volante a year or so earlier)... I can't recall how the shares were allocated, but recall that Volante shareholders were allocated an X number of Commander shares for every Volante share (or vice versa)...

Cheers,

Manny.

 

[brilliantmichael]

'we use CDR for our purchases here at work'

Great to hear you "know about 'em!" Why do you guys choose them over Telstra/others?

 

[ROE]

woo, these are very professional questions, i wanna know the answers too. I heard the restructuring is for branchs. anyone can help us?

PPT and AMP could be under regulation to off load their shares as CDR is now no longer in ASX200 and they may have rules governing they only allows to hold
X amount and the rest they must liquidate

I don't expect anything good come out of CDR for another 1-2 years .. My investment time frame is 3 years before I admit I either make a mistake or make money... as long as CDR doesnt go belly up I dont care what happen from here on ...
May buy some more if it drop down to 20 cents

There is nothing wrong with CDR they just made a bad acquisition with Volante and company do make stupid mistake sometimes and as long as the mistake is correctable then there is nothing wrong with CDR ...

 

[MannyB]

Hi BrilliantMichael,

we don't use them for telecomm services (as we use Optus to trunk calls & mobiles), however use them for hardware purchases (Ipex PCs, HP Printers, Hitachi SANs, Cisco gear), software purchases (Microsoft Agreements, Macromedia & Adobe) & various services (some development work in the Microsoft Server area, etc.)...

Their staff did seem to think the first profit warning was due to system integration (which was also released to the ASX) & orders were unable to be fulfilled/billed/etc... We didn't notice any of this as we were Volante customers & moved over to Commander due to the take-over...

Other colleagues use them to buy many other brands of hardware such as Acer, HP, etc... I must say they do also have many large gov't contracts in place for hardware (their Ipex branded PCs) & you may even notice them on TV during the "Border Security" show, as Customs use Ipex PCs...

My gut feeling is that the market is over-reacting...

Cheers,

MannyB.

 

[ROE]

Hi BrilliantMichael,

we don't use them for telecomm services (as we use Optus to trunk calls & mobiles), however use them for hardware purchases (Ipex PCs, HP Printers, Hitachi SANs, Cisco gear), software purchases (Microsoft Agreements, Macromedia & Adobe) & various services (some development work in the Microsoft Server area, etc.)...

Their staff did seem to think the first profit warning was due to system integration (which was also released to the ASX) & orders were unable to be fulfilled/billed/etc... We didn't notice any of this as we were Volante customers & moved over to Commander due to the take-over...

Other colleagues use them to buy many other brands of hardware such as Acer, HP, etc... I must say they do also have many large gov't contracts in place for hardware (their Ipex branded PCs) & you may even notice them on TV during the "Border Security" show, as Customs use Ipex PCs...

My gut feeling is that the market is over-reacting...

Cheers,

MannyB.

I can back you up with fundamental and that made CDR a bargain at 48 cents like RHG was at a bargain @ 60-69 cents

 

[MannyB]

Hi ROE,

Looks like we think alike I snatched up some RHG when they did drop as well... I personally think they will do well as a longer term hold (which is how I invest, as I'm not a trader)...

Note: it doesn't hurt to go against the tide from time to time...

Cheers,

MannyB.