NWT 0.00% 11.5¢ newsat limited

come on newsat show us your numbers, page-7

  1. 1,308 Posts.
    lightbulb Created with Sketch. 242
    AB has stated publically since buying Newsat Networks that all divisions are now profitable/ cash flow positive.

    They have also announced that they sold Airworks for $7.5m, which had no carrying value in 2006 balance sheet and as such should be reflected as a full profit on sale.

    It was also announced that Newsat Networks prior to purchase was already generating sales of $22.0m pa and net profit of some $3.0m

    So based on those both announcements interim results should disclose an interim profit of above $10.0m, ie after profit on sale of assets.

    Like a lot of people I am sceptical this will be the case.

    My beef is where is the ASX, why aren't they demanding that NWT give $ figures to these announcements - not that hard "we recorded sales of $ in January 2006 and have now experienced % growth to $ in Jan 2007".

    This week I have invested in Ansearch of which AB is a majority shareholder - they are required provide monthly sales and cashfow reports
 
watchlist Created with Sketch. Add NWT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.