View Full Version : NWT - Newsat Limited
I've dipped my toes into this little outfit purely on speculation. It hasn't launched it's first satellite yet but their Jabiru-1 has a potential lifetime of 15 years and each satellite can generate up to $3b in revenue. I'm opening this thread in hope that others can add their two cents worth.
Newsat is a satellite communications company that has a market capitalisation of $280 million. It has rights to several orbital slots and is the company most likely to lead Australia’s space quest. In FY13 the company reported increases in EBITDA of 211%, revenue up 5% and gross profit up 1%.
discl. speculative buy
Not that speculative. Very good revenue and profit figures there!
Cheers silu.
Ha. Probably should have said "speculative" because I didn't do proper research yet and purely bought after skimming over the details.
Nicely breaking over the 50c support mark and rising. Liquidity is good as well at the moment. AGM could be interesting.
That explains the recent share price rise. I have increased my stake at 39c.
30 Dec 2013 - NewSat Limited (ASX:NWT) is one step closer to launching its Jabiru-1 satellite after receiving confirmation from the Malaysian satellite regulator.
NWT was also mentioned on the Fool under 3 stocks that could make you rich in 2014.
Newsat (ASX: NWT): This satellite communications company is set to launch the first of its Jabiru satellites over the next year, whereby a successful launch would substantially increase its earnings. Shares are currently trading at 44.5c each, giving it a market capitalisation of $263 million.
http://www.fool.com.au/2013/12/29/3-stocks-that-could-make-you-rich-in-2014/?source=aptyholnk3030003
discl. hold NWT & CLH
Good news: NEWSAT REACHES FINANCIAL CLOSE FOR JABIRU-1 SATELLITE PROJECT
http://www.asx.com.au/asxpdf/20140217/pdf/42mrphlkghzg12.pdf
For those interested here the Credit Suisse Industry outlook
http://www.newsat.com/doc_download/520-credit-suisse-research-report-global-satellite-7-february-2014
Egh Blah. Forget these clowns. I'm looking for an expensive exit now.
http://www.asx.com.au/asxpdf/20140606/pdf/42q2jknhssw1rj.pdf
I'm out. An expensive mistake I have vowed never to repeat again. It's not that I bought NWT but that I have completely gone overboard with a speculative investment again. For more than 2 decades in the game and still prone to the same mistakes. So livid with myself and I can't wait to drown my sorrows tonight.
Thanks man. It's just a shame that I have to get drunk on the standard Jameson instead of the Macallan 18year old one I had my eyes on ;)
Feel your pain.. broke all my rules when I went too heavily on PBT and didn't take profits.. $1.20 down to 20c!
Suddenly very happy to have taken the hit at 30c. NWT has become a clown car with all the clowns still driving.
Just a little bump to remind myself that my new strategy of selling out when things get murky (unlike my younger years when I was averaging down like an idiot) worked a treat here. I was a buyer at 39c & 53c and sold out at a loss at 30c. Yes it did hurt taking the loss but it could have been so much worse.
Current share price 11c and things don't look too good at all. Stay away.
NZSilver
28-01-2015, 09:47 AM
Held way back, haven't looked at is for years - crazy to see it down this low. Satellite plans not going well? Or had their communication service revenues dropped due to mining demise?
babymonster
28-01-2015, 10:04 AM
i almost buy some when it was 16c... now it has a bit of trouble.. unable to pay the satellite maker..
Lost contracts from mining companies. Covered in debt. Lockheed Martin issuing a termination notice. NWT looks pretty sick right now.
babymonster
28-02-2015, 05:07 PM
Not sure why the sp has gone up lately.
Ha - look who's back in the news: https://www.itnews.com.au/news/former-newsat-ceo-charged-over-false-invoices-480293?utm_source=desktop&utm_medium=twitter&utm_campaign=share
Former NewSat CEO charged over false invoices
Former NewSat CEO charged over false invoices Adrian Ballintine
Co-accused also facing potential jail time.
The former chief executive of failed satellite company NewSat has been charged by the Australian corporate regulator for allegedly approving false invoices that funnelled $357,000 into his private company.
NewSat was a listed satellite communications provider until it fell into receivership on April 17 2015. It had planned to launch the country's first privately-owned satellite, but went under after reported conflicts of interest and governance breaches came to light that year.
The company collapsed owing $500 million to European and US financiers, and having wiped out $200 million in investor funds.
Late yesterday ASIC said it had charged Ballintine with three counts of authorising the making of a false or misleading document.
It alleges that Ballintine approved invoices on three separate occasions between January 18 2012 and September 15 2012 that resulted in $357,000 being paid into a private yacht business run by the former NewSat CEO.
He faces a maximum 15 years in jail if found guilty of the charges. The matter has been listed for a hearing on January 16 next year.
Jason Cullen, a finance consultant to NewSat, was also this week charged with two counts of creating false invoices.
The Sydney Morning Herald reported that Cullen - the finance chief for Ballintine's yacht business and also a shareholder - was allegedly responsible for channelling $275,000 into the company.
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