Australian (ASX) Stock Market Forum

NWT - Newsat Limited

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Having followed this stock for many years, originaly called Multiemedia, my mind tells me the director of the takeover company "Starr",was originaly on the board of Multiemedia in the earlier part of this decade. My conjecture was that there was infighting on the board between "Starr" and "Ballantyne" and Starr resigned to do his own thing. I would be interested to see what the takeover company has to offer. He appears to be wanting to make Newsat part of his empire with two or three other things that he is now operating and giving Newsat shareholders the opportunity to finally own a company that actualy makes a profit and pays dividends.! Newsat will probably make their inauguaral profit this year, but with 6.8 billion shares on issue, minimal return would be expected. Regards Kooka
 
Timing looks like vultures strike.

But if Company comes close to maiden profit its future value at least has to be recalculated.
 
You have got to laugh!:p:

EWC is trying to take over NWT (Newsat) with a dodgy bid.

It's own bidder statement states " EWC recommends that NewSat shareholders REJECT its offer for NEWSAT shares."

It's one way to get the lawyers off your back!
 
Knobby22 said:
...
It's own bidder statement states " EWC recommends that NewSat shareholders REJECT its offer for NEWSAT shares."

It's one way to get the lawyers off your back!
Click to expand...


Did you go through all they written there?
Couldn't bring myself to read shy of 60 pages statement.
It could be part of their tactic.
 
Happy said:
Did you go through all they written there?
Couldn't bring myself to read shy of 60 pages statement.
It could be part of their tactic.
Click to expand...

No, I'm the same. I am really only following this company as the story is so fascinating. Much easier fish to fry.

Heard from someone else that EWC used to be EEC and that had a similarly chequered history of behaviour. I think anyone who agrees to the takeover is a fool.
 
NWT: Newsat. Huge trading in closing auction?

Anybody have any clues as to why?

Opening auction was 10 trades for 2.5m volume, then there were 4 trades during the day for about 1M volume which is all pretty typical but then the closing auction went crazy with 95 trades for 127M volume, making it the second highest stock by volume for the day.

I'm pretty new to this, but it seems rather odd behaviour... They generally trade very light volumes. Anybody able to explain this?

Good day for FMG :)

I hold both of these shares, for the record.
 
In this morning's briefing Alan Kohler reports that he interviewed Ballantine for tomorrow's Inside Business. After following the MUL/NWT rollercoaster on this board for years, I'm looking forward to hearing and seeing one of the players. Hard to believe there are real people behind so much smoke, mirrors, and fireworks :)

Ghoti
 
didnt see inside business and cant see it on ABC website. Did anyone watch it?

Depth looks set for a run. I am holding (and hoping)
 
I watched it just now, Ballintyne came across very well, a consumate salesman in my book. Good publicity for the business and they may get more clients out of it.

The big story was the satellite launch. I'm going to have to put this company back on my watchlist, this time with interest in maybe buying in at some stage rather than just wondering if they will ever get off the hand to mouth existance they have been in till relatively recently.

There could be a bit of a run.
 
Share Price (SP) has doubled over the last 8-9 months.
Acquired lucrative service contracts during first half of 2011 so far.
Expansion funded by equity share issues.
7.848 billion shares outstanding has kept SP low through dilution.

Lack of knowledge by potential investors of the profitability of the satelite communications sector
vs other sectors may be keeping many away.

The ability to secure NBN contracts and media coverage closer to the launch date
of Jabiru-1 in 2012 may contribute nicely to the balance sheet.

Just one opinion.

Source: Newsat company website.
 
Lootius said:
Share Price (SP) has doubled over the last 8-9 months.
Acquired lucrative service contracts during first half of 2011 so far.
Expansion funded by equity share issues.
7.848 billion shares outstanding has kept SP low through dilution.

Lack of knowledge by potential investors of the profitability of the satelite communications sector
vs other sectors may be keeping many away.

The ability to secure NBN contracts and media coverage closer to the launch date
of Jabiru-1 in 2012 may contribute nicely to the balance sheet.

Just one opinion.

Source: Newsat company website.
Click to expand...

I believe the company has flagged more capital raising down the track. Agree that a share consolidation could give the company a bit of a boost...
 
I agree Lootius, this company, who I am on record thought would go broke, has come out the other side and I reckon will probably one day be quite successful.

I am not game to enter however due to:
1: Likelihood of capital raising. Though I may enter if I hear one is coming soon as it will get me a chance to get in cheaply.
2: Effect of NBN. Will it be good or bad???

Congrats to all holders though.
 
What happened to the stock?

All searches give me +4500%? Which can't be right...

What is NWTDA? Only NWT works on the ASX website.
 
Who is currently following this stock? Would be keen to see some TA from someone more proficient than myself.

A couple of important announcements this week, contracts signed for construction and launch of the first satellite, due for launch in 2014. Their market cap is now over $100mill and the next major step is to secure funding in order to see construction and launch. One of their major goals for 2012 is to increase market cap for inclusion in the ASX200.

I would expect a large cap raising within a few months...
 
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