thy, not sure if this is a rhetorical question, if so i agree from where u r coming from!
go back to when they purchased them, the last major public raising, when the price was approx 0.015, the teleports cost nwt(mul) about 15 mill from memory. i could be way off, just going by memory, but that's all we really have that is tangible imo, the hardware business was sold off ages ago, and airworks seems to have been farmed out never to return for a bargain price of nothing...hope all of you new and old holders are aware of our esteemed j walkers controversial saga with selling his shares of the thrifty vehicle rentals business to nrma for $1.(once again from memory) Below are extracts from announcements across the years, so up to date valuations may or may not appear in the 1/2 year accounts.
20 - 3 - 2007 : NewSat Purchases more Revenue Generating Assets "In a series of recent transactions NewSat has acquired five earth stations from the world’s largest satellite corporation Intelsat and two antennae from Channel Nine Networks in Perth for undisclosed sums."
17 - 10 - 2006 : NewSat Hives Off AirWORKS "NewSat Limited (ASX: NWT) announced today (17th October, 2006) that it had sold its subsidiary AirWORKS Pty Ltd, Australia’s leading in-store media company delivering advertising to the moment of purchase, for a deal of worth up to $7.25 million. The Board accepted the offer for AirWORKS from purchaser, the Claude Group Pty Ltd, in a sale structure featuring payment of $2.25 million now and a further $5 million over time subject to certain ongoing commercial conditions."
11 - 11 - 2005 : Multimedia Completes Acquisition of NSN Mediaports "The 13 million transaction was funded under a Non Renounceable Rights Issue Offer embraced by share holders and significant financial institutions new to the Multimedia share registry"
NWT Price at posting:
35.0¢ Sentiment: None Disclosure: Held
