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*Just a round-up of previous comments posted on this BB thanks to :
Jam Tommorrow...Spec12...euro99
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"The main driver for the Unit.net acquisition has been the opportunity to run both businesses using ONE scalable platform. Thus the newly expanded Group has one R&D team operating from one location working on a single scalable platform.
This should enable the Group to grow revenues with a far lower corresponding increase in overheads".
"Staff levels have been reduced from 86 to 52 people as back office functions have been rationalised and R&D units have been consolidated into one team operating out of London."
"The operations of Unit.Net aquired for £nil in July 2003 have now been integrated into the Groups business. The combination has the following advantages:
1. Move to a single platform and research centre enabling a reduction in the combined cost base of £1.4m pa.
2. Additional revenues of 2.8m pa from 2004 with potential upside from cross selling.
3. Introduction into German, swiss and Spanish markets.
Kamera will give the group "critical mass"!!
there is also explicit mention of 3g, mobile streaming, and Kamera
"As sales grow and are bolted on via acquisition the group will naturally move into operational profitability. The new management team has arrested the cash burn and focused the business on a clear and developing market opportunity with crucially "real" revenues. The shares have responded positively to the direct management action and whilst much still remains to be done the shares should continue to appreciate as management delivers on its core strategy"
"Group should break even in 2003 and produce overall cash inflow in 2004"
Sales projected 6.5m in 2004 !!
EXCELLENT NOTE...BUY
Turnover up 133% to 0.6 mio from 0.3 mio
Operating loss down 82% to 0.7 mio from 4.2 mio
Loss per share down 82% to 0.6p from 3.4p
Additional Revenue forecast at £2.8 mio pa with potential upside from introduction into German / Spanish / Swiss markets
Net cash £1mio further acquisitions on the cards to increase critical mass
"management has arrested the cash burn and the share price should continue to respond positively"
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