Davnet Unternehmensprofil - 500 Beiträge pro Seite
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ISIN: AU000000UXC9 · WKN: 157030
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Letzter Kurs 15.02.16 Stuttgart
Neuigkeiten
Hallo Zocker
Ich kenne Davnet noch nicht sehr gut. Kann mir jemand von euch ein Unternehmensprofil schreiben? (Welche Strategie wird verfolgt? / welche Produkte verkauft? / verfügt das Unternehmen über eine Monopol oder Marktbeherrschende Stellung? / welche Konkurrenten? / und wie groß sind die Einstiegsbarrieren auf dem Markt)
wäre nett wenn mir jemand auf diese Fragen Antworten schreiben würde.
Danke und am 13.09 gibt`s neue Zahlen
CU
THE UNTOUCHABLE
Ich kenne Davnet noch nicht sehr gut. Kann mir jemand von euch ein Unternehmensprofil schreiben? (Welche Strategie wird verfolgt? / welche Produkte verkauft? / verfügt das Unternehmen über eine Monopol oder Marktbeherrschende Stellung? / welche Konkurrenten? / und wie groß sind die Einstiegsbarrieren auf dem Markt)
wäre nett wenn mir jemand auf diese Fragen Antworten schreiben würde.
Danke und am 13.09 gibt`s neue Zahlen
CU
THE UNTOUCHABLE
Davnet Stand im "Aktionär" vor ca. 3 Monaten als Hochspekulativ,
danach Plötzlich nicht mehr, trozt steigende Kurs.
Die Fa. ist eine Hochgeschwindikeits-Netzwerkbertreiber.
danach Plötzlich nicht mehr, trozt steigende Kurs.
Die Fa. ist eine Hochgeschwindikeits-Netzwerkbertreiber.
Hier noch einmal der Bericht aus "der Ationär":02.06.2000
Davnet spekulativ
Der Aktionär
Mutige Anleger sollten in die Aktie der Davnet Ltd. (WKN 918397) investieren, so die Empfehlung vom Researchteam des Börsenmagazins „Der Aktionär“.
Der Director of Operations von Davnet habe auf einem Treffen versichert, das die Barreserven von über 90 Mio. AUD ausreichen würden, um die geplante aggressive Expansion zu realisieren.
Die Gesellschaft rüste Hochhäuser mit der hauseigenen einzigartigen Hochgeschwindigkeits-Technologie aus. Im Laufe der zweiten Jahreshälfte seien Vertragsunterzeichnungen mit Interessenten aus Malaysia, Taiwan und Boston für insgesamt weitere 250 Hochhäuser zu erwarten.
Der Aktienkurs wäre durch Gerüchte nach unten gedrückt worden. An einer Empfehlung werde weiterhin festgehalten mit dem Hinweis, dass es sich hier um ein äußerst spekulatives Investment handelt, so die Experten.
Ich weiß zwar nicht warum der Kurs nach dem kruzen Aufschwung wieder so gefallen ist, aber ich denke wer jetzt kauft kann nicht viel verkehrt machen.
Gruß Elsa
Davnet spekulativ
Der Aktionär
Mutige Anleger sollten in die Aktie der Davnet Ltd. (WKN 918397) investieren, so die Empfehlung vom Researchteam des Börsenmagazins „Der Aktionär“.
Der Director of Operations von Davnet habe auf einem Treffen versichert, das die Barreserven von über 90 Mio. AUD ausreichen würden, um die geplante aggressive Expansion zu realisieren.
Die Gesellschaft rüste Hochhäuser mit der hauseigenen einzigartigen Hochgeschwindigkeits-Technologie aus. Im Laufe der zweiten Jahreshälfte seien Vertragsunterzeichnungen mit Interessenten aus Malaysia, Taiwan und Boston für insgesamt weitere 250 Hochhäuser zu erwarten.
Der Aktienkurs wäre durch Gerüchte nach unten gedrückt worden. An einer Empfehlung werde weiterhin festgehalten mit dem Hinweis, dass es sich hier um ein äußerst spekulatives Investment handelt, so die Experten.
Ich weiß zwar nicht warum der Kurs nach dem kruzen Aufschwung wieder so gefallen ist, aber ich denke wer jetzt kauft kann nicht viel verkehrt machen.
Gruß Elsa
Ruhig Blut! in drei Jahren haben die über 10 Euro und das sind schöne 1000% steuerfrei. Kaufen und Augen zu!!
Schau mal im Thread "Warum ich heute Davnet gekauft habe..." von mir nach.
In das WO Suchfenster " Plaste" eingeben und auf User klicken.
Da findest Du den Thread von mir.
mfg Plaste
In das WO Suchfenster " Plaste" eingeben und auf User klicken.
Da findest Du den Thread von mir.
mfg Plaste
Hallo User,Aktionäre und Nervensägen,
bin seit heute neu am Board. Nachdem ich mir dieses Diskussionsforum
gut vier Wochen anschaue und verfolge wie ein Großteil der Beiträge
einzig und allein dazu dient, unerfahrende Anleger nervös zu machen.
Macht Davnet einen Sprung nach oben, wird ein Kursziel von nunmehr
12$ bis 13$ gesehen und es wird alles verrückt gemacht. Wenn Davnet
um 15% nachgibt, dann werden die wildesten Spekulationen in diesen
Thread geschickt...habt Ihr eigentlich lange Weile ???
Davnet ist spekulativ aber Davnet ist auch ein Investment das Zeit
braucht (auch mit Olympiade, UMTS oder Nasdaq ).
Gruß
Sven30
bin seit heute neu am Board. Nachdem ich mir dieses Diskussionsforum
gut vier Wochen anschaue und verfolge wie ein Großteil der Beiträge
einzig und allein dazu dient, unerfahrende Anleger nervös zu machen.
Macht Davnet einen Sprung nach oben, wird ein Kursziel von nunmehr
12$ bis 13$ gesehen und es wird alles verrückt gemacht. Wenn Davnet
um 15% nachgibt, dann werden die wildesten Spekulationen in diesen
Thread geschickt...habt Ihr eigentlich lange Weile ???
Davnet ist spekulativ aber Davnet ist auch ein Investment das Zeit
braucht (auch mit Olympiade, UMTS oder Nasdaq ).
Gruß
Sven30
This is a transcript of PM broadcast at 1800 AEST on local radio.
Finance report
PM - Monday, September 11, 2000 6:50
COMPERE: Now for our daily featured look at the business and finance news. Here`s the ABC`s Finance Editor John Lombard.
JOHN LOMBARD: Thank you Mark. The recent slump in the Aussie dollar has been blamed by many on a perception of Australia as
an information technology backwater. But it`s a criticism which doesn`t hold for at least one Australian IT company.
Take Davnet. The telecommunications provider has just announced an annual profit of more than $40 million, and plans to expand its
broadband cabling business throughout Asia and North America.
As John Stewart reports, Davnet is defying the trends and offers some hope for Australia`s lagging IT sector.
JOHN STEWART: In 1998 Davnet began cabling up buildings in city areas throughout Australia, allowing companies to run their
computers, phones, faxes, teleconferencing and Internet access all on the one broadband cable.
But Davnet Director, Hal Turner, says success in the IT industry is not just about having the right business model, or getting in early.
He argues that the future of Australia`s IT sector will be closely linked to school education and computer literacy.
HAL TURNER: We went from $2 million in 1999 of booked revenue, to $40 million at the end of our fiscal year June 30, OO, and our
plan for June 30, O1 is to grow that 40 million into approximately a hundred million.
JOHN STEWART: What would you like to see governments and education and business doing to improve the Australian IT sector?
HAL TURNER: I think that there needs to be a real fundamental, ground-level training which says "what does IT really mean to
businesses", and move it away from the viewpoint of just a technology, but move it into the application level and the understanding of
business level. And that`s training and that`s education. And at the entry, primary and school level, I think it`s bringing every service
that we`ve got - through Internet, through video, through distance learning, distance medicine, and showing the applications that
work, so that as our children and our children`s children grow, that this will be routine for them.
JOHN STEWART: You`re talking about the creation of a kind of IT culture are you?
HAL TURNER: Absolutely. And I`ve seen it as almost a mandate in Hong Kong; I`ve seen it as a mandate in Singapore. I`ve grown up
in the Silicon Valley and all the valleys that exist in the US and the hubs from Boston to San Francisco, to Dallas, to Austin, to
Atlanta, and I see what the collaborative partnership does to the economy, in terms of incubation of new companies providing
products and services and overall productivity. And it begins with education.
JOHN STEWART: You seem to be suggesting that the Australian IT sector needs a fundamental cultural change, and not just new
business models or capital investment.
HAL TURNER: My viewpoint is that`s a cultural aspect that comes over time; you begin it with the educational things that we talked
about, and the results is that you actually do create an IT economy, you create an incubation place where new products and ideas
are nurtured, rather than beaten down by the unavailable access of capital.
JOHN LOMBARD: Davnet Director Hal Turner, talking to John Stewart.
Australia`s biggest customer has officially emerged from recession; well actually it`s more of a re-emergence. Japan officially came
out of recession this time last year, only to fall back by the end of the year. So is it really out of the woods this time?
Our Tokyo correspondent Peter Martin reports.
PETER MARTIN: Two quarters of positive economic growth mean that technically Japan is no longer in recession. Spending grew by
one per cent in the quarter just ended, but what sort of spending?
In the private sector consumer spending was up, while business investment expenditure was down. The net effect for the private
sector, close to zero. Ukari Sato [phonetic] analyses the Japanese economy at Nikko Solomon Smith Barney in Tokyo.
UKARI SATO: The capital investment decline entirely offset the positive contribution of consumption to the GDP growth. In that
sense the private sector contribution to the GDP growth was entirely virile [indistinct].
PETER MARTIN: All of the growth came from government spending.
UKARI SATO: Yes. Public investment contributed about one percentage point to the GDP growth.
PETER MARTIN: Which was one per cent.
UKARI SATO: In quarter and quarter terms. So exactly that was lifted up by public investment.
PETER MARTIN: If all of Japan`s newly-returned economic growth is all its Government`s work, Japan`s Government will have little
choice but to keep spending.
Almost as if to demonstrate its complete lack of confidence in the robustness of Japan`s economic recovery, Japan`s Liberal
Democratic Party Government is planning yet another big mini-budget, spending yet another 70 or so billion dollars.
UKARI SATO: Basically because next year in July there will be a upper House election, and the LDP is concerned about the
economy before coming into the election.
PETER MARTIN: How big is the Government`s debt now?
UKARI SATO: In terms of its percentage to GDP, about 120 per cent this fiscal year. And it is expected to continue to expand.
PETER MARTIN: It`s on track to reach 132 per cent of GDP next year.
On Friday the Moody`s credit rating agency downgraded its rating for Japan`s domestic government debt. Ominously it said the
outlook for future gradings was negative.
In Tokyo this is Peter Martin reporting for PM.
JOHN LOMBARD: Now to the market. And the biggest influence on Australian trading today was the decision by OPEC to boost oil
production by three per cent. The immediate impact was a fall in the price of crude oil from its 10-year high of more than $35 a
barrel, to around $33.
But the OPEC decision also flowed through to the price of oil company shares. Woodside was worst affected, down 35 cents to
13.90. Santos down 12 to 6.02. And BHP, which rose most of last week on the high oil price, dropped seven cents to 20.10.
Overall the all ordinaries was down 24 points to 3,255.
The other major influence on the market was last Friday`s nearly three per cent crash of the high-tech Nasdaq in New York, and a
subsequent sell-off of telecommunication stocks in Europe and the US.
And that meant our telcos followed suit. Telstra dropped five cents to $6.22, and the T2`s fell a further two cents to $3.20. The
company refused comment on a newspaper report that the Telstra Board is considering a spin-off of its highly profitable directories
businesses.
But of the other telcos, Optus was down seven cents to $4.30. And One.Tel, which has both Rupert Murdoch and Kerry Packer as
backers, announced a net loss of nearly $300 million, compared to a $7 million profit last year. Its shares were down more than nine
per cent to 95 cents.
NewsCorp ordinary shares and the preferred were both down after a report that Rupert Murdoch is considering selling his family`s 58
per cent stake in Queensland Newspapers, which are publishers of the Courier Mail and the Sunday Mail, to News Limited, which is
the Australian publishing arm of NewsCorp, as part of a reorganisation of assets.
And Mark I don`t know whether you remember the story of Brunei being on cockroach alert, as it got ready to host a regional finance
ministers` meeting at the weekend. Well I can report that the guests, who included our own Peter Costello, had a slap-up dinner with
the Sultan; which included beef steak, spicy chicken, stir-fried prawns in garlic sauce, crispy fish in Szechuan sauce, and not a
cockroach in sight. The only down side is that Brunei`s alcohol ban - it is a strictly Islamic country - Mr Costello and his colleagues
had to make do with colas, orange soda and soy milk.
COMPERE: A large soy milk with ice for my friend Mr John Lombard, please.
Transcripts on this website are created by an independent transcription service. The ABC does not warrant the accuracy of the
transcripts. ABC Online users are advised to listen to the audio provided on this page to verify the accuracy of the transcripts.
© 2000 ABC | Privacy Policy
Finance report
PM - Monday, September 11, 2000 6:50
COMPERE: Now for our daily featured look at the business and finance news. Here`s the ABC`s Finance Editor John Lombard.
JOHN LOMBARD: Thank you Mark. The recent slump in the Aussie dollar has been blamed by many on a perception of Australia as
an information technology backwater. But it`s a criticism which doesn`t hold for at least one Australian IT company.
Take Davnet. The telecommunications provider has just announced an annual profit of more than $40 million, and plans to expand its
broadband cabling business throughout Asia and North America.
As John Stewart reports, Davnet is defying the trends and offers some hope for Australia`s lagging IT sector.
JOHN STEWART: In 1998 Davnet began cabling up buildings in city areas throughout Australia, allowing companies to run their
computers, phones, faxes, teleconferencing and Internet access all on the one broadband cable.
But Davnet Director, Hal Turner, says success in the IT industry is not just about having the right business model, or getting in early.
He argues that the future of Australia`s IT sector will be closely linked to school education and computer literacy.
HAL TURNER: We went from $2 million in 1999 of booked revenue, to $40 million at the end of our fiscal year June 30, OO, and our
plan for June 30, O1 is to grow that 40 million into approximately a hundred million.
JOHN STEWART: What would you like to see governments and education and business doing to improve the Australian IT sector?
HAL TURNER: I think that there needs to be a real fundamental, ground-level training which says "what does IT really mean to
businesses", and move it away from the viewpoint of just a technology, but move it into the application level and the understanding of
business level. And that`s training and that`s education. And at the entry, primary and school level, I think it`s bringing every service
that we`ve got - through Internet, through video, through distance learning, distance medicine, and showing the applications that
work, so that as our children and our children`s children grow, that this will be routine for them.
JOHN STEWART: You`re talking about the creation of a kind of IT culture are you?
HAL TURNER: Absolutely. And I`ve seen it as almost a mandate in Hong Kong; I`ve seen it as a mandate in Singapore. I`ve grown up
in the Silicon Valley and all the valleys that exist in the US and the hubs from Boston to San Francisco, to Dallas, to Austin, to
Atlanta, and I see what the collaborative partnership does to the economy, in terms of incubation of new companies providing
products and services and overall productivity. And it begins with education.
JOHN STEWART: You seem to be suggesting that the Australian IT sector needs a fundamental cultural change, and not just new
business models or capital investment.
HAL TURNER: My viewpoint is that`s a cultural aspect that comes over time; you begin it with the educational things that we talked
about, and the results is that you actually do create an IT economy, you create an incubation place where new products and ideas
are nurtured, rather than beaten down by the unavailable access of capital.
JOHN LOMBARD: Davnet Director Hal Turner, talking to John Stewart.
Australia`s biggest customer has officially emerged from recession; well actually it`s more of a re-emergence. Japan officially came
out of recession this time last year, only to fall back by the end of the year. So is it really out of the woods this time?
Our Tokyo correspondent Peter Martin reports.
PETER MARTIN: Two quarters of positive economic growth mean that technically Japan is no longer in recession. Spending grew by
one per cent in the quarter just ended, but what sort of spending?
In the private sector consumer spending was up, while business investment expenditure was down. The net effect for the private
sector, close to zero. Ukari Sato [phonetic] analyses the Japanese economy at Nikko Solomon Smith Barney in Tokyo.
UKARI SATO: The capital investment decline entirely offset the positive contribution of consumption to the GDP growth. In that
sense the private sector contribution to the GDP growth was entirely virile [indistinct].
PETER MARTIN: All of the growth came from government spending.
UKARI SATO: Yes. Public investment contributed about one percentage point to the GDP growth.
PETER MARTIN: Which was one per cent.
UKARI SATO: In quarter and quarter terms. So exactly that was lifted up by public investment.
PETER MARTIN: If all of Japan`s newly-returned economic growth is all its Government`s work, Japan`s Government will have little
choice but to keep spending.
Almost as if to demonstrate its complete lack of confidence in the robustness of Japan`s economic recovery, Japan`s Liberal
Democratic Party Government is planning yet another big mini-budget, spending yet another 70 or so billion dollars.
UKARI SATO: Basically because next year in July there will be a upper House election, and the LDP is concerned about the
economy before coming into the election.
PETER MARTIN: How big is the Government`s debt now?
UKARI SATO: In terms of its percentage to GDP, about 120 per cent this fiscal year. And it is expected to continue to expand.
PETER MARTIN: It`s on track to reach 132 per cent of GDP next year.
On Friday the Moody`s credit rating agency downgraded its rating for Japan`s domestic government debt. Ominously it said the
outlook for future gradings was negative.
In Tokyo this is Peter Martin reporting for PM.
JOHN LOMBARD: Now to the market. And the biggest influence on Australian trading today was the decision by OPEC to boost oil
production by three per cent. The immediate impact was a fall in the price of crude oil from its 10-year high of more than $35 a
barrel, to around $33.
But the OPEC decision also flowed through to the price of oil company shares. Woodside was worst affected, down 35 cents to
13.90. Santos down 12 to 6.02. And BHP, which rose most of last week on the high oil price, dropped seven cents to 20.10.
Overall the all ordinaries was down 24 points to 3,255.
The other major influence on the market was last Friday`s nearly three per cent crash of the high-tech Nasdaq in New York, and a
subsequent sell-off of telecommunication stocks in Europe and the US.
And that meant our telcos followed suit. Telstra dropped five cents to $6.22, and the T2`s fell a further two cents to $3.20. The
company refused comment on a newspaper report that the Telstra Board is considering a spin-off of its highly profitable directories
businesses.
But of the other telcos, Optus was down seven cents to $4.30. And One.Tel, which has both Rupert Murdoch and Kerry Packer as
backers, announced a net loss of nearly $300 million, compared to a $7 million profit last year. Its shares were down more than nine
per cent to 95 cents.
NewsCorp ordinary shares and the preferred were both down after a report that Rupert Murdoch is considering selling his family`s 58
per cent stake in Queensland Newspapers, which are publishers of the Courier Mail and the Sunday Mail, to News Limited, which is
the Australian publishing arm of NewsCorp, as part of a reorganisation of assets.
And Mark I don`t know whether you remember the story of Brunei being on cockroach alert, as it got ready to host a regional finance
ministers` meeting at the weekend. Well I can report that the guests, who included our own Peter Costello, had a slap-up dinner with
the Sultan; which included beef steak, spicy chicken, stir-fried prawns in garlic sauce, crispy fish in Szechuan sauce, and not a
cockroach in sight. The only down side is that Brunei`s alcohol ban - it is a strictly Islamic country - Mr Costello and his colleagues
had to make do with colas, orange soda and soy milk.
COMPERE: A large soy milk with ice for my friend Mr John Lombard, please.
Transcripts on this website are created by an independent transcription service. The ABC does not warrant the accuracy of the
transcripts. ABC Online users are advised to listen to the audio provided on this page to verify the accuracy of the transcripts.
© 2000 ABC | Privacy Policy
wow langer artikel.kann den mal jemand bitte auf deutsch übersetzen?
danke.
danke.
Zur Übersetzung habe ich auch keine Muße. Im Prinzip verdeutlicht dieser Beitrag die positive Grundstimmung und die Unterbewertung von Davnet.
Die letzten Zahlen von Davnet ( 23 facher Umsatz, von über 4 Mio A$ Verlust auf 1,5 Mio A$ Gewinn) ist für mich ein aussagefähiges Argument, daß diese Firma
Zukunft und eine gesunde Basis hat (das Nasdaque-Listing und die UMTS-Lizenzen mal außen vor).
Ich kann nur jedem raten, sich selber über diverse Informationsquellen (asiainternet.de, stockhouse, xnase.de usw.) zu informieren.
Es ist nach wie vor ein spekulativer Wert, an den ich glaube ! Doch durch viele "Fachleute" wird hier mal eine positive und mal eine negative Stimmung erzeugt!
Dieser Wert gilt als (wenn auch spekulativer) Langfristinvestment, egal ob nun 2,50 Euro oder 10 Euro oder mehr oder weniger!
Getreu dem Motto, jeder ist seines Glückes Schmid, aber nicht jeder Schmid hat Glück !!
Viel Glück und Verstand Euch allen
Gruß
Noisy
Die letzten Zahlen von Davnet ( 23 facher Umsatz, von über 4 Mio A$ Verlust auf 1,5 Mio A$ Gewinn) ist für mich ein aussagefähiges Argument, daß diese Firma
Zukunft und eine gesunde Basis hat (das Nasdaque-Listing und die UMTS-Lizenzen mal außen vor).
Ich kann nur jedem raten, sich selber über diverse Informationsquellen (asiainternet.de, stockhouse, xnase.de usw.) zu informieren.
Es ist nach wie vor ein spekulativer Wert, an den ich glaube ! Doch durch viele "Fachleute" wird hier mal eine positive und mal eine negative Stimmung erzeugt!
Dieser Wert gilt als (wenn auch spekulativer) Langfristinvestment, egal ob nun 2,50 Euro oder 10 Euro oder mehr oder weniger!
Getreu dem Motto, jeder ist seines Glückes Schmid, aber nicht jeder Schmid hat Glück !!
Viel Glück und Verstand Euch allen
Gruß
Noisy
Hier ein Bericht aus The Age :
Davnet aims to reap $100m from offshore expansion
AAP
Tuesday 12 September 2000
Communications outfitter Davnet yesterday outlined plans for an expansion of its Asian, United States and Canadian businesses, expected to reap more than $100 million in revenue for the company in the next financial year.
Davnet Asia chief executive Hal Turner said effective targeting of its customers and increased economies of scale would allow the buildings it serviced. The company provides broadband Internet-protocol-based communications in 93 buildings 81 of which are in Australia. It intends to increase this company to more than triple the number of number to 348 in 2001, with 163 in Australia and the rest in Hong Kong, Singapore, Canada and the US.
The move would see Australia go from being the sole money earner for the company to bringing in 79 per cent, with the remainder coming from these countries.
Mr Turner said that, unlike its competitors, Davnet had a relatively small outlay on capital expenditure per building and chose its customers with a view to maximising profit. This means targeting blue-chip and multinational companies which Davnet has found to deliver the highest profit ratios rather than small and medium enterprises.
Mr Turner also said the company was committed to establishing partnerships and joint ventures with other communication companies where it was cost effective.
Davnet shares surged more than 13 per cent on Friday after the company flagged the substantial increase in revenue in the 2000-01 financial year. Davnet`s shares closed on Friday up 17 cents at $1.43 but yesterday subsided five cents to $1.38. The company announced a net profit of $41.896 million for the 12 months to June 30 yesterday, compared with a $5.23 million loss in the previous year. This substantially comprised the sell-off of $57.55 million net worth of assets to Japanese telecoms giant Nippon Telegraph and Telephone Corp.
mfg
Sliderman
Davnet aims to reap $100m from offshore expansion
AAP
Tuesday 12 September 2000
Communications outfitter Davnet yesterday outlined plans for an expansion of its Asian, United States and Canadian businesses, expected to reap more than $100 million in revenue for the company in the next financial year.
Davnet Asia chief executive Hal Turner said effective targeting of its customers and increased economies of scale would allow the buildings it serviced. The company provides broadband Internet-protocol-based communications in 93 buildings 81 of which are in Australia. It intends to increase this company to more than triple the number of number to 348 in 2001, with 163 in Australia and the rest in Hong Kong, Singapore, Canada and the US.
The move would see Australia go from being the sole money earner for the company to bringing in 79 per cent, with the remainder coming from these countries.
Mr Turner said that, unlike its competitors, Davnet had a relatively small outlay on capital expenditure per building and chose its customers with a view to maximising profit. This means targeting blue-chip and multinational companies which Davnet has found to deliver the highest profit ratios rather than small and medium enterprises.
Mr Turner also said the company was committed to establishing partnerships and joint ventures with other communication companies where it was cost effective.
Davnet shares surged more than 13 per cent on Friday after the company flagged the substantial increase in revenue in the 2000-01 financial year. Davnet`s shares closed on Friday up 17 cents at $1.43 but yesterday subsided five cents to $1.38. The company announced a net profit of $41.896 million for the 12 months to June 30 yesterday, compared with a $5.23 million loss in the previous year. This substantially comprised the sell-off of $57.55 million net worth of assets to Japanese telecoms giant Nippon Telegraph and Telephone Corp.
mfg
Sliderman
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