March Networks Share Discussion Threads

[sirlurkalot] 09/11/2005 07:56

OK, seen your email, take it off now!

[sranmal] 09/11/2005 07:55

Cheers SirL. Actually, could you send to ...

[sirlurkalot] 09/11/2005 07:53

sranmal,

In their various recent notes RBC Capital Mkts state that one large "retail" customer represented 51% of sales in Q1 and "over one third" of sales in the FY ended 4/05. I've never seen it in an official release that this retail customer was Wal-Mart, but I think I read it somewhere, perhaps on a bulletin board. I'm not writing that that's reliable, but I wondered whether anyone here could confirm who the large "retail customer" was.

Send me your email (off-board on the Fool?) and I'll email over the RBC notes.

[mitzis] 08/11/2005 17:11

Currently up 1% in Toronto but expect a bumpy ride..

[rogerl] 08/11/2005 17:09

the fact that it has held above £10 after the recent rises bodes well, onwards and upwards

[saltedcrab] 08/11/2005 12:51

Chaps look at XKO. Its cork looks ready to pop

[sranmal] 07/11/2005 23:12

Wasn't aware that Wal-Mart were a customer?

Incidentally, the SCSW main write-up in May 2005 states the top 5 customers represent 60% of revenues compared to 2 years ago when 2 customers represented 90% of sales.

Forgot all about TeleHealth too, checked it out just after float, but forgot all about it since!

[sirlurkalot] 07/11/2005 22:59

Oh, and I must be getting forgetful. The largest March customer, that accounts for possibly a worrying proportion of revenue, is Wal-Mart, isn't it?

[sirlurkalot] 07/11/2005 22:57

As sranmal writes there's a new Evo note today out (for free) on their site.

[lordcoco] 07/11/2005 21:26

To be honest sranmal I dont have a comaprison to measure against, just an observation. By sector there doesn't appear to be a great many if you look at the potential for how many companys there are out there that could be prospective clients, which would/should indicate that the potential for growth is enormous.

I suppose at the moment it seems that revenue is disproportionate ie a lot of their revenue from a few of their customers, but then if they add customers of similar weight...

It is also good to see existing customers taking up the Managed Video Network Service, ensuring that once the hardware is purchased there continues to be revenue streams from these clients.

I may have read it wrong but I thought Terry M was indicating, during the conference call, to expect some growth/movement in the non surveillance areas such as the very interesting TeleHealth scheme, or other businesses where increased broadband activity might stimulate new opportunities. Whilst I expect March to continue growing their corner of the DVR and DVR managed sector I would not be at all suprised if the company expanded into other products and services with equally exciting prospects.

[sranmal] 07/11/2005 18:14

lordcoco - I always thought that March had quite a big client base. Indeed, p16 of the Prospectus details a partial list of the Company's end-users, with 20 users, plus there have been more post-float as detailed in March's magazine. However, big/small are relative terms so depends what you're comparing to.

[mitzis] 07/11/2005 16:42

I thought results were out beginning of December ..I stand to be corrected..

Evo soon changed their tune..!

[lordcoco] 07/11/2005 15:47

There's a lot of speculative talk on Bullboards US of C$30 and apparently a broker there has a target of C$28.50.

Does seem an almighty achievement with what still appears to be a fairly small client base, exciting times ahead, like you s I'd expect we may learn of a few more clients come H1 results.

[sranmal] 07/11/2005 15:42

Evo have increased their price target to 1135p with an Add recommendation, with EPS forecast at 41.6p and 46.9p for the current and following year. However, this does not include cash, for which it is projected that MNW will have 240p/share by April 2007. They will update further at end of Nov's H1 results.

[rogerl] 07/11/2005 12:48

Bound to be some profit taking after such a big rise. This will grow and grow.

[lordcoco] 07/11/2005 10:56

I hope so sranmal, I was at half my holding on friday and wanted to buy 3k first thing, because of technical hitch, solely on my account at squaregain, was unable to (all day!!), needless to say I was mighty peeved. So everyone please sell now, you have had your short term gains, now move along. :O)

[sranmal] 07/11/2005 10:51

Small Company Sharewatch suggested "taking profits if you like" at the w/e at 812p. However, last weeks trading update came too late for this months' edition, so they may change their mind again in the next issue IMO!

Also, the share price generally follows the share price on the TSX, so it may be an idea to wait till the TSX opens this pm. I expect Evo to upgrade their 1000p price target at some point too. Expect MNW to upgrade their FY numbers when they formally announce H1 results at end of Nov.

Nothing wrong with taking a profit though, and we will get a small pull-back due to the quick run-up from 800p.

[cambium] 07/11/2005 10:49

mitzis.... you could of told me about this earlier :o(

[umalukka] 07/11/2005 10:37

rogeral if you are reading bulletine board are people taking profits ? why is everyone selling? This was an excellent investment.I dont know whether to get out now & get in again if price keeps dropping. Thanks .

[joe moon] 06/11/2005 17:24

noce chart

[joe moon] 06/11/2005 17:24

noce chart

[mitzis] 06/11/2005 16:03

Thank you sranmal that will do nicely..!

[sranmal] 06/11/2005 14:42

Added TSX quote link to header. Closed at $21.92 = £10.58.

[kemche] 06/11/2005 12:42

mitzis, imagine the share price if the papers did pick up on this story!