tommy
10-10-2006, 03:30 PM
Ezenet Limited (EZE) is engaged in the provision of digital movie services to the hospitality, health care and mining industries in Australia and New Zealand.
The Company's two movie systems are Choice 24/7 and On Demand. Choice 24/7 is a radio frequency (RF) coaxial cable interactive pay movie system suited to 3-4 stars mid to larger sized properties.
The On Demand product is a pay movie and Internet system suited to the small, medium and large four and five star hotel markets. On Demand uses more common communications networks rather than traditional coaxial cable, offers digital video on demand and high-speed laptop connect Internet. The Company supplies its entertainment and information system to mining camps in Western Australia and Queensland. In April 2005, it agreed to transfer all of its interest in the Zambia mining properties to Puku Minerals Limited of Zambia.
http://www.ezenet.com.au
For more info, read:
Ezestream acquires Guest Video #8211; adds 3950 rooms, Total Installed Rooms: 19,994
http://sa.iguana2.com/cache/378fb53e5bb47853237262a77507aef0/ASX-EZE-335164.pdf
Ezestream Signs Movie System Deals with Eight Hotels, Hospitals and
Mining Camps, Total Installed Rooms: 16,044
http://sa.iguana2.com/cache/8aedadd5dab63f75417f3bb407a8a00e/ASX-EZE-331191.pdf
Preliminary Final Report
http://sa.iguana2.com/cache/696a5630dbbcb6adfd94445037e3a8fe/ASX-EZE-334286.pdf
Annual Report
http://sa.iguana2.com/cache/581ce2da9a44ca6d0c541655899d8538/ASX-EZE-335997.pdf
Placement to Matterhorn Investments
http://sa.iguana2.com/cache/e80a960f30ad0dcb87ccedd5aeec065e/ASX-EZE-330716.pdf
___________
Okay, that's what EZE does, but that's not what I'm interested in here.
The key is that EZE currently has a market cap of 10 million, trading at 15c, with PE of 7.
But according to the above annual report page 8, EZE holds 18.28 million shares of Weatherly International (listed in London AIM: see http://www.weatherlyplc.com/) which currently trades at 21pence (http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB00B15PVN63GBGBXAIM%20B15P VN6WTI)
This means its holdings of Weatherly alone is worth AUD$9.62 million.... What da[?]
So is the company valued at almost zero at the moment? Someone tell me if I am missing something here, because this just sounds too good to be true.
What's da catch?!
The Company's two movie systems are Choice 24/7 and On Demand. Choice 24/7 is a radio frequency (RF) coaxial cable interactive pay movie system suited to 3-4 stars mid to larger sized properties.
The On Demand product is a pay movie and Internet system suited to the small, medium and large four and five star hotel markets. On Demand uses more common communications networks rather than traditional coaxial cable, offers digital video on demand and high-speed laptop connect Internet. The Company supplies its entertainment and information system to mining camps in Western Australia and Queensland. In April 2005, it agreed to transfer all of its interest in the Zambia mining properties to Puku Minerals Limited of Zambia.
http://www.ezenet.com.au
For more info, read:
Ezestream acquires Guest Video #8211; adds 3950 rooms, Total Installed Rooms: 19,994
http://sa.iguana2.com/cache/378fb53e5bb47853237262a77507aef0/ASX-EZE-335164.pdf
Ezestream Signs Movie System Deals with Eight Hotels, Hospitals and
Mining Camps, Total Installed Rooms: 16,044
http://sa.iguana2.com/cache/8aedadd5dab63f75417f3bb407a8a00e/ASX-EZE-331191.pdf
Preliminary Final Report
http://sa.iguana2.com/cache/696a5630dbbcb6adfd94445037e3a8fe/ASX-EZE-334286.pdf
Annual Report
http://sa.iguana2.com/cache/581ce2da9a44ca6d0c541655899d8538/ASX-EZE-335997.pdf
Placement to Matterhorn Investments
http://sa.iguana2.com/cache/e80a960f30ad0dcb87ccedd5aeec065e/ASX-EZE-330716.pdf
___________
Okay, that's what EZE does, but that's not what I'm interested in here.
The key is that EZE currently has a market cap of 10 million, trading at 15c, with PE of 7.
But according to the above annual report page 8, EZE holds 18.28 million shares of Weatherly International (listed in London AIM: see http://www.weatherlyplc.com/) which currently trades at 21pence (http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB00B15PVN63GBGBXAIM%20B15P VN6WTI)
This means its holdings of Weatherly alone is worth AUD$9.62 million.... What da[?]
So is the company valued at almost zero at the moment? Someone tell me if I am missing something here, because this just sounds too good to be true.
What's da catch?!