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CMO - ComTel Corporation

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Dutchy3

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Caught napping .... again. Have to stop taking holidays .....

Um ... not much to say except I'd consider this textbook for a LONG position ...

Anyone know what they actually do?
 

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Re: CMO - Commoditel

Dutchy
"Commoditel Limited (CMO, formerly Natural Intelligence Limited) is involved in information management and distribution solutions as well as resource intelligence. The company operates through two divisions, Natural Resource Intelligence and Natural Systems Intelligence. The company operates through two active wholly owned subsidiaries CommodiTel (Australia) Pty Ltd and Adaptive Systems Pty Ltd." Per Comsec.

http://www.commoditel.com.au/ is the website.

Not much cash left at September 06 - $176K. They have recently completed an agreement to purchase 20K + customers from Vodaphone - they appear to specialize in pre-paid phones in Aus. This is being funded by way of a convertible note issue (4.6 Mil). Strong operating cash flow however - turnover 1 Mil for quarter.... not too bad at all.

So, not too much here fundamentally..... but technically, December was looking good...... Interesting. Thanks for pointing this one out.....

Cheers
Reece
 
Re: CMO - Commoditel

Cheers reece55

Likewise for the FA ... Not going to be a major portion of my portfolio yet I see that it has to be a strong %age performer
 
Re: CMO - Commoditel

ummm I think that description is from the comsuck profile and is way out of date... perhaps this post that I posted at topstocks my give a little more pespective I posted this back on 3/12/2006 when the sp was at 0.8c Note that since that post the vodaphone customer base has been purchased.

When I first looked at CMO (purely from the point of view I could get a lot of them for a small outlay) I wasn't very impressed.... seemed like one of those companies that endlessly re-invents itself, each time promising wonderful things, and doing a new cap rasing to keep it afloat... well it is down to sub 1c now (I bought in at .9c a while back, in hindsight I should have waited a bit longer, but I think now is not a bad time, if you look at the medium term).

Anyway, this time they have moved into the mobile phone market (with a twist), but the difference this time is that the board was given a shake out (ie they finally got rid of the people that had apparently been the problem with the company) and they actually hired some people who know a bit about the business they are now in (for example David Sweet, who was a director of Vodaphone).

Come the 2nd quarter report I think that it might just see some action. Revenue for the last quarter was about $1 million, and they are about to buy a customer base off vodaphone, that should add another $2 million/ quarter in revenue.

They also recently wound down an unprofitable subsiduary, that was contributing a bit over 1 million towards their losses.

They have their own customers but also sell "white label" airtime which is effectively supplying "branded" mobiles. 7/11 is an example where you can get 7/11 prepaid... This has been very successful overseas, but I'm not sure that it is working out here in Aus.

There are approx 455 million shares on issue so the company has a tiny market cap of about 3.6 Million. They pretty much have no tangible assets (the customer base makes up their intangible assets), and I really haven't done that much research on them, but I thought 150,000 shares for just over $1k was worth a punt

Tony.

Link to original post
 
Re: CMO - Commoditel

I'm with ya buddy... its not like its ever going to get to a dollar.. but if it could trade at 1c on some of its previous ****e performance then it can surely do a few more c on a turnaround and profit (fingers crossed).
 
Re: CMO - Commoditel

Well this went fairly nuts late in arvo today on quarterly report.

As best I can tell they went from a small loss last quarter to an almost 1 mill profit this quarter.

Wishing I bought some more, but was too indecisive.

Anyone else have any thoughts?
 
Re: CMO - Commoditel

Still holding.. was hoping to see a bit better rise in it when they turned to a profit, but I think it was largely expected and thats why there was some big rounds of buying a few weeks ago. Still have to wait for next big news to give it another shove north I think.. hopefully they'll get some more decent contracts in the pipeline to keep the ball rolling.
 
Re: CMO - Commoditel

Yea bear in mind though that it only released the announcment at 3.30, and it rallied to a high and close on a high.

I am hoping that the rally will continue on open tommorow.

But hey, wrong more often than right.
 
Re: CMO - Commoditel

I just put my tip in for Feb tipping comp for CMO at 2:58PM... why couldn't they have released the quarterly tomorrow!! grumble grumble

One thing to note, since that post that I quoted above, the shares on issue have grown to 800,000,000. But even so they have approx $50 million in retained losses, so tax won't be an issue for a while... also if they can continue that sort of cash flow they will be looking at about 3.8 Million EBITDA which comes to about 0.43 cents per share... don't know what depreciation and amortization will be like but tax won't be an issue for a while... still a fair bit more go in it yet I'd say! wondering whether to pull my sell bid that is in at 2c...

Tony.
 
Re: CMO - Commoditel

Tony methinks everyone is all too aware of how many shares are out there.. as a result i expect serious profit taking at relatively low resistance points imo.

Clowboy good points, I forgot the ann timing.. hopefully continuing to run tomorrow... waiting to see what tomorrow brings.

Jimmy
 
Re: CMO - Commoditel

Hi All ... Classic set up for a good run. Hold on for the ride
 

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Re: CMO - Commoditel

clowboy said:
As best I can tell they went from a small loss last quarter to an almost 1 mill profit this quarter.
Click to expand...
I've been watching Commoditel since they acquired the post pay business. All looks positive thus far, but I should point out that a positive operating cash flow for the quarter does not mean they turned a profit. The timing of receipts/payments and things like accruals or depreciation/amortisation may mean they actually make a loss.

I'm willing to bet they wouldn't have made a profit this half year. Based on my analysis I'm personally expecting a small loss on the half year to december, but all the same its still an improvement. There's a chance they may turn a profit on the 12 months to 30/06/07, depending on how much money they decide to pump into advertising this year. Last year they spent a lot saying they expect to see the results flow to their bottom line this year. Based on the quarterly, there's no conclusive evidence of that happening just yet.

The challenge from here will be retaining their post paid customers and building their subscriber base. Anyone got any options for sale?
 
Re: CMO - Commoditel

yes half yearly report is due soon, will be interesting to see how the accounting pans out..... certainly a lot of people willing to part with their shares for 1.5c this morning!!! every time a parcel appears for sale thay dissapear and another lump appears on the buy side... rather spectacular to watch!!

Some pretty hefty buying (and selling) going on there!!

Look at these sales...

Time Price Volume Value Conditions Attributes BuyXRef SellXRef
01/02/2007 10:30:22 0.015 100000 1500.00 XT F
01/02/2007 10:30:14 0.015 1204911 18073.66 XT F
01/02/2007 10:30:14 0.015 1500000 22500.00 G
01/02/2007 10:30:14 0.015 295089 4426.34 G
01/02/2007 10:29:56 0.015 666666 9999.99 F
01/02/2007 10:27:53 0.015 538245 8073.68 F
01/02/2007 10:27:40 0.015 2461755 36926.32 G
01/02/2007 10:27:13 0.015 538245 8073.68 F
01/02/2007 10:27:07 0.015 461755 6926.33 XT G
01/02/2007 10:26:47 0.015 138245 2073.68 XT F
01/02/2007 10:26:47 0.015 861755 12926.33 G
01/02/2007 10:26:07 0.015 638245 9573.68 F
01/02/2007 10:25:41 0.015 500000 7500.00 G
01/02/2007 10:25:41 0.015 500000 7500.00 G

Tony.
 
Re: CMO - Commoditel

CMO just keeps looking better and better. Volume is up, SP is up, buying pressure is up, smut money is positive, the entrails of the frog smell great...
 

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Re: CMO - Commoditel

Still holding here, bit of a pull back this afternoon, but to be expected after the last two days rises... I was tempted to sell some at 2.5c but resisted the urge... hopefully was the right choice

Tony.
 
Re: CMO - Commoditel

wintermute said:
Still holding here, bit of a pull back this afternoon, but to be expected after the last two days rises... I was tempted to sell some at 2.5c but resisted the urge... hopefully was the right choice

Tony.
Click to expand...

I must admit, I sold out at 2.5...couldn't resist as I only had 4k in it. 20% is good enough for me, especially with so many other opportunities atm.

Good luck all.

Cheers,
 
Re: CMO - Commoditel

Price and Volume action on this one is about as good as I've ever seen on any stock .... HOLD
 

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Re: CMO - Commoditel

Dutchy3 said:
Price and Volume action on this one is about as good as I've ever seen on any stock .... HOLD
Click to expand...

This is a beauty!!!
 
Re: CMO - Commoditel

Results out this week... lets see how it goes.
 
Re: CMO - Commoditel

up 12% already to 28c, where is this stock going to end up?

Does anyone have a sensible exit point, or is this a stock to hold and hold?
 
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