Hi cosmoboi, I thought SNN went Ex Div on the 14th of january...

Hi cosmoboi, I thought SNN went Ex Div on the 14th of january ?

projected half year figures (July-December) based on the vantage analyst report are as follows.

FOR 6 MONTHS ending December 2003
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Revenue $12.3 million
Nett profit $1.1 million
Cash in bank $4.1 million (after Div payments).

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FOR 12 MONTHS ending June 2004.
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Revenue $24 million
Nett profit $2.3 million
Cash in bank $5 million

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At currents rates, Cash in bank (after tax and expences) is growing at $134,000.00. per month.

Div payments of $1.1 million is already deducted from the above "cash in bank" figures.

Revenues have grown by $4 million from previous year.

Profit has increased from $.9 million to $2.3, but this is distorted because Maxis took a $2.3 million restructure charge for 2002-2003 year (thus eating into last years profit).

Revenues will be flat for the second half of this year (down $400k), however these projected figures are considered base budgets numbers and dont take into account new contracts etc.......so they have room for upside.

Also note costs have been cut (due to merge with Senteq) enabling profit levels to be maintained even though second half revenues. have a projected fall of $400k.


Cheers Tex.