Australian (ASX) Stock Market Forum

IMB - Intelligent Monitoring Group

Jump to new
S

sydneysider

Joined
22 September 2006
Posts
435
Reactions
0
AAF is the old restructured New World Alloys (NWA). The AIM listing fell apart many months ago and the AAF shareprice tanked down to .005 cents. Issued shares are appox 550 million shares x .007 = A$3,850,000. Net assets are around $4,000,000 with $1.4 million in cash. Last quarter produced $1,890,000 in revenues at a cash cost of $890,000 leaving a gain of $1,000,000 on the table. This came from toll treating copper ore at their Congo operations.

Copper prices are currently "thru the roof" in January they were around US$3.00 pound and have since then hit US$4.00 pound and are currently around US$3.85 pound. Will be interesting to see what numbers AAF comes up for the June quarter?

Chart published below, appears to be verging on a major turn, technicals no longer have a negative bias and a base formation has been constructed over the last three and a half months. On fundamental grounds seems very substantially undervalued (refinery and 70% of Congo leases were valued at $8 million for AIM listing alone).

AAF plans to sell the refinery, set up exploration program in or out of Congo. IMHO this situation may change in a bullish way due to very bullish copper prices. At .007 cents downside seems very limited with substantial "pop" potential.
 

Attachments

  • aaf061908.gif
    aaf061908.gif
    26.5 KB · Views: 10
Re: EAF - East Africa Resources

MC- $2.9m
SP- 4.5c
Shares- 65m
Options- Nil
Cash- $324k

East Africa Resources has three projects within Tanzania. Field work was undertaken at Eastern Rift and Mkuju areas in the June Quarter 2012.

Mkuju Uranium Project
The Mkuju Uranium Project is made up of 15 tenements (granted, offered and applications) covering 4,340 square kilometres in Southern Tanzania.
The company is targeting sedimentary type uranium deposits that usually form as tabular and roll‐front bodies hosted by coarse sandstones. The nearby Uranium One owned (formerly Mantra Resources Limited) Mjuku River deposit (32,750 t @ 439ppm U3O8) and the Paladin Energy Limited Kayelekera Mine (14,728 t @ 810ppm U3O8) in Malawi are examples of sandstone hosted tabular deposits hosted in similar geological settings within Karoo Sandstone basins.
Mkuju Joint Venture
The Mkuju Joint Venture is a joint venture between the Company and Korea Resources Corporation (“KORES”). It covers the Mkuju South project which comprises two tenements in the southern part of the Mkuju Uranium Project.
Under the terms of the agreement KORES has committed to a staged investment of US$3.5 million to secure a 50% interest in the Mkuju South uranium project, with the staged investment aligned with two major exploration programs at Mkuju South. An initial amount of A$2 million (for a 28% shareholding in the project) will be paid by KORES for the purpose of satisfying the work obligations and expenditure requirements during the initial exploration program to be undertaken over this initial 12 month period. Following the initial exploration program, a further US$1.5 million (for an additional 22% of the project) will be paid by KORES to fund the work obligations and expenditure requirements associated with a second exploration program during the following 12 months.

Eastern Rift Uranium Project
The Eastern Rift Project consists of 35 tenements covering 8,150 km² around Lake Manyara in the North of Tanzania. The target geology is the Manyara Basin, where playa lake sediments have filled a large rift structure.
The exploration concept is based on a modified playa‐lake calcrete model where uranium is accumulated along porous weakly cemented sand seams that are inter‐bedded through the clay lake sediments. Figure 4 shows the tenement block, the presence of sedimentary basins and channels and airborne targets. Drilling of surface anomalies in 2011 showed evidence of widespread low grade uranium enrichment that suggests the target model is valid.

Madaba Uranium Project
The Madaba Project consists of 20 tenements covering 8,550 km² in the south of Tanzania.
No work was conducted on the Madaba Project in the June quarter. Figure 8 shows the tenement holdings and the location of the uranium anomalies based on historical exploration undertaken in the 1970‐80’s.
 

Attachments

  • eaf_ax01feb12_to_08aug12.png
    eaf_ax01feb12_to_08aug12.png
    11.8 KB · Views: 4
On September 15th, 2015, East Africa Resources Limited (EAF) changed its name and ASX code to Threat Protect Australia Limited (TPS).
 
System said:
On September 15th, 2015, East Africa Resources Limited (EAF) changed its name and ASX code to Threat Protect Australia Limited (TPS).
Click to expand...

so many warning bells,
so either the asx shell is reused by a true technical company to avoid a listing cost, or it is another of these
dotcom then mining then whatever the new trend is
investor sucking scheme.
So what is it with this one?
 
Sounds like a new government agency.

TPS is a tiny security firm in Perth. They're making a loss but forecasting a profit for FY16. Looks like they're using the funds raised to buy a profitable security company. I put the prospectus in the dust bin after that.
 
qldfrog said:
so many warning bells,
so either the asx shell is reused by a true technical company to avoid a listing cost, or it is another of these
dotcom then mining then whatever the new trend is
investor sucking scheme.
So what is it with this one?
Click to expand...

It's a backdoor listing.
 
McLovin said:
Sounds like a new government agency.

TPS is a tiny security firm in Perth. They're making a loss but forecasting a profit for FY16. Looks like they're using the funds raised to buy a profitable security company. I put the prospectus in the dust bin after that.
Click to expand...
It's an interesting industry space. With the growing use of the "cloud" there is a lot of data out there that needs to be protected. I see a lot of growth potential for the companies that can find a niche (I'm assuming that you'd have to as there are a lot of bigger global players around that will be more than willing to gobble up any potential excess profits).

I think you'd probably want to find a company that is at least cash flow positive, otherwise you're sitting around footing the R&D bill until they can find a customer base (with no visibility as to whether they ever will).

PRO & SEN look interesting in this space on the ASX, but unfortunately they are both trading at pretty high price to cash flow. Exceptional growth in previous years, but who knows how much more is left in the tank to justify the price.
 
Ves said:
It's an interesting industry space. With the growing use of the "cloud" there is a lot of data out there that needs to be protected. I see a lot of growth potential for the companies that can find a niche (I'm assuming that you'd have to as there are a lot of bigger global players around that will be more than willing to gobble up any potential excess profits).

I think you'd probably want to find a company that is at least cash flow positive, otherwise you're sitting around footing the R&D bill until they can find a customer base (with no visibility as to whether they ever will).

PRO & SEN look interesting in this space on the ASX, but unfortunately they are both trading at pretty high price to cash flow. Exceptional growth in previous years, but who knows how much more is left in the tank to justify the price.
Click to expand...

I'm half dead on the couch with the flu so must have missed something. I thought these guys were just a security firm? I actually thought they were looking to do a roll-up style biz model. It seems to be all the rage these days.

Maybe I need to read a bit more!
 
McLovin said:
I'm half dead on the couch with the flu so must have missed something. I thought these guys were just a security firm? I actually thought they were looking to do a roll-up style biz model. It seems to be all the rage these days.

Maybe I need to read a bit more!
Click to expand...

Hmm, just checked the website. And it's the more traditional type of security like you said. Maybe I should be on the couch!

I'm not sure how a security company of this sort has $5m in revenue and makes a loss. Sure, there's a lot of fixed costs, but still...
 
Ves said:
Hmm, just checked the website. And it's the more traditional type of security like you said. Maybe I should be on the couch!

I'm not sure how a security company of this sort has $5m in revenue and makes a loss. Sure, there's a lot of fixed costs, but still...
Click to expand...

Check out the handy "consulting contract" between a related party and the company on p73. $16,300/month and then $170/hour for any hours worked in excess of 12 days/month (why would they give days instead of hours?? Can you turn up for 1 hour/day for the first 12 days and then work like a beaver the rest of the month??) Infact the whole related party bit makes interesting reading.
 
On December 17th, 2021, Threat Protect Australia Limited (TPS) changed its name and ASX code to Intelligent Monitoring Group Limited (IMB).
 
Recapitalisation a milestone event
The $32m equity raise and partial debt repayment and forgiveness was a rebirthing event for TPS. The name change is a milestone event which will allow strong steps forward.

significant events since recap
▪ Trial of AI video surveillance
▪ Strategic sales opportunity with Mammoth
▪ Platform investment program

Business on track to meet or exceed its targeted Q4 run-rate EBITDA of $6.1m pa
Business trading on budget to Oct 21 and platform investment put it on track to meet or exceed Q4 targeted EBITDA – subject to making the required line conversions targeted

Looking to a big FY2022
In the past 18 months, IMG has closed 3 control rooms, changed management, created several strategic partnerships, recapitalised and paid down debt..
 
And where are we, mid 2023? .... from Livewire Markets:

Intelligent Monitoring Group Limited (ASX: IMB)​

IMB’s share price increased 69.6% in June with the company announcing it had entered into an agreement to acquire Tyco Australia Group Pty Limited, a leading security monitoring provider, providing security system installation, maintenance and monitoring services to residential, commercial and medical customers across Australia and New Zealand. IMB will pay AUD$45 million cash for 100% of the shares in Tyco, subject to customary adjustments.

The acquisition will be funded via a combination of a new $80 million 3-year debt facility and the proceeds of an entitlement offer to raise $15 million, which is fully underwritten.

The acquisition will result in the number of lines monitored by IMB, doubling from 70,000 to 180,000 across both retail and wholesale customers with recurring revenue of more than $6.5 million. Management expects the combined business to deliver an EBITDA of approximately $24.8 million in FY23 (excluding transaction and restructuring costs), up from $5.4 million, with the company forecasting an increase in EBITDA to $31 million in FY24. Net debt to EBITDA is expected to reduce from 5.4x to 2.2x and pro-forma interest coverage is expected to increase from 1.8x to 3.0x.

Post the acquisition, the company will be in a position to pay down its debt and will be seeking to refinance to a senior secured bank facility within 18-24 months. All in all the acquisition appears to be a positive for the company.
 
IMB is one of my selections in the 2024 CY Comp. All my selections are made from a scan and flicking through charts.

I'm a bit surprised that there hasn't been a post on this one for nearly 6 months as price has since now doubled. Anyway the chart grabbed my eye, the MAs are heading in the right direction, price and volume looks good. Can this go a lot higher over the next 12 months, it just might surprise me and others and do that.

Screenshot 2024-01-01 213608.jpg
 
2024 Comp January Update:

From Market Index News - Non-Executive Director Peter Kennan purchased a combined $1.54 million worth of shares across nine separate transactions since late November 2023.

Screenshot 2024-01-15 091731.jpg
 
Pretty quite of late, price ha pulled back about 15% since my last chart and volume has dropped off as well. Let's hope the moving averages holds the price up.

1711343594777.png
 
IMB is one of my picks for the 2024 CY Comp.

2023 was a great year for this stock up 233%. The last day of the year was it's highest close for 2023. The volume was pretty skinny at times during the year but it increased during the later half of the month in Dec.
It has lost it's upward momentum since then and is down nearly 30% from the start of the year. It needs to turn around very soon, let's hope yesterday's low was the bottom and we start climbing up in price moving forward.
 
Thank god this is starting to move in the right direction today. It has struggled since the start of the year and was down about 36% at one stage. With today's move (at the moment) it's now only down about 16%
 
Top