Smith & Nephew (SNN)

[ValueInvestor15]

Morgan Stanley upgraded SNN today. Analysis supports rating change:

Analysis

[bshep]

http://www.ft.com/intl/cms/s/0/24d16020-6083-11e5-a28b-50226830d644.html?ftcamp=published_links%2Frss%2Fmarkets%2Ffeed%2F%2Fproduct#axzz3mUlZfHgr

[Sundance2]

Well..Well...Well. Looks like I was right to drop out after ER when it was in the $36 range. Not sure why the drop and high vol. but none the less will watch to see it drops further.

[Sundance2]

Just as I expected, little bounce on ER yesterday and she starts heading back down today. Will wait for afternoon bounce and sell.

Just not enough gain to make it worth holding. Other stocks have better potential.

[Sundance2]

Ok, I'm close to dumping the stock. Talk about a dog the last two months... I'll hold through earnings to see if I can get a little bump and then move fund to other stocks. This one is simply dead money.

Only chance I see of it going up is if buy out happens but that has been in the rumor mill for years now. I'm not sure anyone is all that interested or it would have already been bought.

I have to admit I'm not really all that confident that the ER will be that great.

[Sundance2]

Well, I guess there isn't any news since no one has replied or posted anything on this board for 2 weeks.

I did check the calls and puts for next month and there is a lot of calls for 40 and 45 and virtually nothing for puts.

So a lot of traders seem to expect a lot higher price this coming month. Hmmmmm... The lower of the two would be a huge gain for me....

[Sundance2]

Anyone out there hear anymore about buyout from SYK.
Bloomberg reported bid from SYK within weeks just before new year day.

[OGSPECULATOR]

Load and hold$$$

[reaper247]

Thanks, Dan. EOM.

[reaper247]

Smith-Nephew potential bounce coming. If not, hold long term for divies.

Scores 4 out of 5 stars on dividendinvestor.com

http://www.dividendinvestor.com/?chk=2d1f51312939092&symbol=snn&submit=GO

IMO and FWIW.

[texas4qld]

Hi backlash, I hold 517173 shares at an average of approx 16c.
I first got into MXS when they trading at around 3c. Soon after they were consolidated 1:5.

I cant find any info on CAE and I guess one day it'll be hard to find info about MXS

I think 2004 will be a good year for SNN and the overall market.
I'm also holding WOW AvV & SSR.

All the best................Tex.

[backlash]

> Looking forward to my Div Chq of $7757.62. !!

damn you must have a fair few shares ;) (too lazy to calc).

i bought in when this was still called Capital energy. Topped up just before it went into suspension at around the $0.40/0.50 mark. came outta suspension and watched it fall.

no idea how many shares i have in it anymore! it's been that long.

does anyone know if there was a consolidation of shares (10 to 1) when it was CAE/MXS? i seem to recall that there was.

[texas4qld]

http://www.sonnet.com.au/Archive/Vantage%20Sonnet%20Report%20Nov%202003.pdf

[texas4qld]

Just to give you an idea of what the AOT finacial display is at the moment: notice the group description has changed from "Telecommunication Services" to "Software & Services" plus yield now looks better at 7.5% instead of zero !! Also note that the PE is still way out because it's based on last years earnings.

------------------------------------
SNN Sonnet Corporation (formerly MXS)10-10-03
Shares on Issue 360,391,387
Price (previous close in cents) 4.5
Market Cap ($) 16,217,612
Earnings (cents per share) 0.26
Price To Earnings 17.31
Dividends (cents per share) 0
Yield (%) 0.00
Asset Backing (cents per share) 1
Price to Assets 4.50
---------------------

SNN Sonnet Corporation 28-11-03
Industry Group Telecommunication Services
Shares on Issue 75,079,547
Price (previous close in cents) 17
Market Cap ($) 12,763,523
Earnings (cents per share) 0.26
Price To Earnings 65.38
Dividends (cents per share) 0 Yield (%) 0.00
Asset Backing (cents per share) 1
Price to Assets 17.00
--------------------------------------
SNN Sonnet Corportion Industry Group Software & Services 4-12-03
Shares on Issue 75,079,547
Price (previous close in cents) 20
Market Cap ($) 15,015,909
Last Annual Report Data and Ratios Earnings (cents per share) 0.26
Price To Earnings 76.92
Dividends (cents per share) 1.5
Yield (%) 7.50
Asset Backing (cents per share) 1
Price to Assets 20.00
----------------------------------------

Once these accounts are adjusted to reflect current revenues and nett profits the stock will attract new stock screeners.
Any other positive news between now and then (new contracts etc)will also be a positive driver of the price.

Looking forward to my Div Chq of $7757.62. !!

Cheers Tex.

[rangi]

been alot of selling of good stcoks to get into the small cap miners, come the new year this could change, as we found with cfr , they go up quick and come down quick.So I fell you just keep buying at thes elevels and wait .

[texas4qld]

I think SNN has got plenty of upside over the next 4 months.

SNN Previously Maxis Corporation was relisted on ASX: August 2001 with issue of ordinary shares of 100,000,000 at 2c. currently there are 75 million shares in the company at 19c after 1:5 consolidation.

http://www.sonnet.com.au/

------------------------------------
The stock is held between three core groups in roughly equal 20 pct stakes – one group is a handful of high net worth individuals who took place in the recapitalisation in August 2002, , another is Marcel Dufour and family members and the third is John Beville, a Sydney based property developer in BRW’s Rich List and a canny investor in micro caps (took an early stake in Tribeca).
The new Executive team took over in December 2002 and has been in a turnaround reconstruction process since. The company expects to begin talking to brokers to seek to broaden its footprint in the marketplace around February next year.
---------------------------------------------------------

employees: 77 (tripled since 2002)
Revenues:$20.2 million ($9.5 million 2002) $28 million projected for 2004.
Cash in bank: $3.7 million (up from $1.3 million)
Profit:2003 $890,227 (2002-loss $2.9 million. 2003-loss $78 Million)

Sale of Loss making business: "ARBT" sold for $50k (book gain $600k), arbt lost $1.2 million in last 9 months alone.

New business purchase: "Senteq" $1.06 million

Economic dependency (similar to LOK and microsoft)has been reduced: A new 3 year contract has been secured with "cisco systems" on 17th of January 2003.
The purchase of "Senteq" is designed to deversify sonnets revenue base and dependency.

Share details: a consolidation of 1:5 has recently taken place creating a total of 75 million shares.

Outstanding options: 1.2 million

Controlled companys 100% owned:
(1) Capital Gas fields
(2) Hancock holdings
(3) Pulsar Graphite
(4) Rescan NL 80%
(5) ABT supplyline
(6) NDT
(7) Senteq information systems

-----------------------------------------

http://brw.com.au/stories/19990528/2306.htm

John Beville (one of Australias richest men) originally held 1.76% of MXS (now SNN) He is now holds 18.5% of SNN

He was personally worth $130 million back in 1999.

----------------------------------------
MAXIS PROFILE

Maxis was incorporated in Western Australia in 1987 as Glacial Exploration NL, they changed to Quicksilver Resources NL in 1989 and Capital Energy NL in 1994, the same year it was listed on the ASX initially as a diamond explorer and diversified into oil and gas production in 1993 and gas exploration in 1994 and 1995.
The Company changed it's name to Maxis Corporation in January 2000.
They purchased 4 other companys in July 2000 two of which went into voluntary administration in 2001, resulting in the suspension of MXS for 18 months.
They have now completed the restructure (October 30 2003) and have no debt with strong cash flow.


RECENT FIGURES FROM SONNET.

On October 14 Sonnet announced EBITDA for the nine months to Sep 30 2003 had reached $2.63 million, well on track to meet the forecast provided in July for a calendar year EBITDA range between $2.5/3.5 million.
-----------------------------------
THE BUSINESS

1/ Managed Networks:
Managed Networks, the existing business, provides System Integration Services, design and implementation and project management.
Its Managed Services team provides remote monitoring, remote management and reporting services.
In January this year Maxis Corporation announced CSC renewed its major contract with the company's subsidiary Managed Networks. This extension will be for a further three years and the financial terms will be substantially the same as those applying in prior years. As this contract was the primary income source for the group, the board sees this renewal as providing a sound footing for business for the coming calendar year (although the new contract includes a clause that allows the client to terminate at any time with three months notice).
Maxis has a sub contract from service supplier CSC that provides and manages the services for a NSW Government Department.
Maxis built and now operates a NSW Government Department’s wide area network (WAN).
---------------------------------------

Tex.

[HabaneroDog]

Yea sorry tex I just can't seem to leave a perfectly good grub sittin around......HARR!

[HabaneroDog]

Howdy.....Buy a membership and come on over and visit us on Salt Spray.....
http://www.investorshub.com/boards/board.asp?board_id=2037

[texas4qld]

spammer !!! eom.

[texas4qld]

Hi guys

I've started this forum because Pat is too slack to pull his finger out and update ozestocks and hotcopper.
This would be a good spot to post any current info on Sonnet Corporation (formerley Maxis corporation).

Cheers Tex.

[HabaneroDog]

"GRUB"