NWT - Newsat Limited

[ASX.CODE]

Just a $30Million Deal with Dodo.

But What is not been said yet is that Dodo signed the deal so that they can close the Government Deal worth a good part of $400 Million. I am glad that it is only moving up slowly otherwise day-traders will never ever let this one get up.

 

[jama_kj]

traded huge volumes today on the back of a great announcement. will definitely add this to my watchlist and keep on eye on it

 

[wipz]

Announcement just out:

NewSat Limited (ASX:NWT) is in the final stages of negotiations with the Western Australian Government on a contract to deliver broadband services to the Kimberley region via NewSat's satellite network. Both the Australian Government and the Western Australian Government will be providing funding to support the initiative, subject to the finalisation of those negotiations.

Will be watching this one, may not be enough to chew through heavy resistance at .008/.009.

 

[Anthony Hosemans]

To all those people holding NWT. Went to the AGM on 16th November and found it very interesting. They will be aplying for $200 million from the new Federal Gov. to go towards the cost of $400 million for a new satellite. This will cover 100% of Australia's landmass. A lot different to the 8-9% landmass that Optus and its consortium hope to provide with their $1 billion that the Liberals were forking out. Considering Labour has accentuated Broadband for all Australians, their is a good possibility of them exceeding in their application. Just something to think about! One cent at the moment, but they have the potential to rise dramaticaly, overnight.
Regards KOOKA

 

[Knobby22]

I would be surprised to see the Federal Government hand out that sort of cash to a 2 bit company without tender. Looks like last throw of the dice to me.

 

[danc]

Well no one has dumped them yet, so maby you are wrong.... som quite solid buying in the later part of the day wed/thurs /fri... i have had a good look at the background of thr ones running it and some of those deep in the back ground and from what i can see they are no slouches.one of the ones deep in the back ground has backed over the years 3 stocks that have gone from nil to dollars . preety good looking charts day week and mth...
Not that i would know of course and from your post its obvious you would know.....

 

[jiggy]

Well no one has dumped them yet, so maby you are wrong.... som quite solid buying in the later part of the day wed/thurs /fri... i have had a good look at the background of thr ones running it and some of those deep in the back ground and from what i can see they are no slouches.one of the ones deep in the back ground has backed over the years 3 stocks that have gone from nil to dollars . preety good looking charts day week and mth...
Not that i would know of course and from your post its obvious you would know.....

Danc ask why he is called knobby I think you are spot on with some interesting comments.....keep up the good work and thanks for your thoughts

 

[Knobby22]

Well I hope you're right and if you are then you will be very wealthy. I promise to help drive up the price if the deal goes ahead.

I suggest however you look at the balance sheet and ask how they think they can put in $100 mil.

 

[rusq]

I've been watching Newsat for ages. I get the feeling it's one of those sucker shares that everyone hopes to make insane profits from. Myself included.

My question is, every few months, this company seems to issue more and more new shares. I know it's a way for a company to gain extra capital, but do you think Newsat is doing it too much? Is this normal or reckless behavior? And are they flooding their own market, therefor assisting in keeping share price down?

 

[Synergy]

7 billion shares is a tad on the high side...

I owned this a while ago at 1c, and sold out pretty quickly after i bought it. kept a casual eye on it since but not game to buy.

Somewhere i wouldn't mind being is the 1st buy order at .2c...

 

[Knobby22]

This thread goes back to the first days and a lot of lessons for newbies could be gained by reading it.

I have had little respect for this company in the past and had thought they would be broke by now however I think the company may announce a small profit soon.

Congratulations would then be in order for the CEO for managing to turn the company around without getting into debt.

Wouldn't buy though, better companies with dividends are around.

 

[Anthony Hosemans]

Revisiting this thread after many months to note that Nobby didn't buy in February when the price was one tenth of a cent. Sales recently at 7 tenths of one cent indicate that up to 700% profit could have been made this year on this stock. Managed to top up holding at 2 tenths of a cent in March, and after recent announcements for profits expected in this financial year, I am looking forward to reap my rewards after years of patience. Good luck and congratulations on all who who were stubborn enough to hold this stock after the price reaching virtualy nothing. It appears that the potential for this stock is enormous and recent contracts confirm they are heading in the right direction. Regards Kooka

 

[Knobby22]

Revisiting this thread after many months to note that Nobby didn't buy in February when the price was one tenth of a cent. Sales recently at 7 tenths of one cent indicate that up to 700% profit could have been made this year on this stock. Managed to top up holding at 2 tenths of a cent in March, and after recent announcements for profits expected in this financial year, I am looking forward to reap my rewards after years of patience. Good luck and congratulations on all who who were stubborn enough to hold this stock after the price reaching virtualy nothing. It appears that the potential for this stock is enormous and recent contracts confirm they are heading in the right direction. Regards Kooka

Yes, i didn't buy then. Still havent.

Have noticed they are slowing down the issuing of cheap shares to stay afloat which is a good sign. Are they going to make some big money soon? I'm going to wait for the next set of results.

 

[Happy]

Revisiting this thread after many months to note that Nobby didn't buy in February when the price was one tenth of a cent. Sales recently at 7 tenths of one cent indicate that up to 700% profit could have been made this year on this stock. Managed to top up holding at 2 tenths of a cent in March, and after recent announcements for profits expected in this financial year, I am looking forward to reap my rewards after years of patience. Good luck and congratulations on all who who were stubborn enough to hold this stock after the price reaching virtualy nothing. It appears that the potential for this stock is enormous and recent contracts confirm they are heading in the right direction. Regards Kooka

Only few million shares changed hands at $0.001 so no big "loss" there.

Sooner or later they will have to buy back or consolidate.

What is it going to be?

 

[Knobby22]

Prelim Final Report

Still making a loss, still negative cash flow, but everything is looking better.
They will probably make a small profit next year but will need another cash injection for cashflow reasons. The final dilution??

 

[Happy]

Price started to hesitate when on 18 Aug 2009, statement was issued that few more chiefs get hired and new Co to manage - shareholder value.

NWT just cannot wait to get into black; after all they only know how to be in red.

18 August 2009
NEWSAT ANNOUNCES STRATEGIC INITIATIVES REVIEW
INCLUDING BOARD AND MANAGEMENT CHANGES,

,
New Chairman of the Board
With the maturing of the Company and the known challenges ahead, the Board has
determined to expand and refresh its membership.
Current Chairman Mr. John Walker will stand aside at the next Board meeting after 8
years and make way for prominent Melbourne businessman Mr. Richard Green. Mr
Walker will continue as a Director.
A search is well advanced for 2-3 additional Directors who will add new skills and
connections to the Board.

Further down the same quote:

Lazard appointed
NewSat has been evaluating ways to grow shareholder value and is pleased to
announce the appointment of Lazard as its strategic advisor.

 

[Happy]

Looks like there surfaced another possibility: Hostile takeover.

Company managers tell to say NO.
Maybe there will be better offer later, but takeover would be fair penalty for management for such a miserable run for so long.

 

[Knobby22]

Looks like there surfaced another possibility: Hostile takeover.

Company managers tell to say NO.
Maybe there will be better offer later, but takeover would be fair penalty for management for such a miserable run for so long.

Hi Happy

Now we know what caused the price rise!

The shareholders are so battered and bruised I can't see them giving much resistance. EWC isn't much of a company but they have a bit of cash and are looking for a future. If that involves screwing the poor NWT holders...then so be it.

 

[dhukka]

Interesting developments, been watching this for a while, never owned it, could never get past the fact that the company has 6.8 billion shares outstanding. I typed EWC payments into google and the first 5 hits I got were allegations of fraudulent charges on customer accounts by EWC from a variety of different sources.

EWC can undoubtedly see the NWT are getting close to being profitable. NWT say they will be EBITDA positive in FY10, that's nice but it is NPAT that counts and that is still yet to happen although it is moving in the right direction.

 

[canadianaussie]

N WT

Anyone have an idea what is going on with Newsat?
Hostile takeover bid just wondering what to do keep or sell