interesting
what is that in US$ ?
at the 12 mil level double is a lot!

good article, eh?

ds

Abd ul-Rahman Lomax wrote:
> 
> At 01:03 PM 11/1/2003, Dennis Saputelli wrote:
> >I don't know how many people Altium has but these days $12 mil
> >gross revenue is not a huge number for an international going
> >enterprise
> 
> true. But the revenue for Altium, estimated based on 3rd quarter 2003
> annualized, is about double that. Still not huge.
> 
>  From the annual report. total revenue fiscal 2002 ending June 30, 2003,
> AU$46.75; though there was an after-tax loss of AU$7.0 million, they had a
> decent cash position and paid a dividend of AU$0.02 per share out of
> retained earnings. With a share price of about AU$0.58, that is a
> substantial dividend in these times.
> 
> >Altium may be able to sit at this level but it seems to me
> >that a more likely scenario involves the ongoing
> >dramas of swallow or be swallowed
> 
> I have a sense that they are not eager to be purchased. They have a very
> strong asset to liability ratio, they don't seem to owe the company to
> anyone except the shareholders. Since they experienced sales growth in all
> their markets in the last year, in what might be difficult times, if they
> are going to be bought out, I think it would not be for cheap....


-- 
Dennis Saputelli

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