Seriously Tom
Lets look at a few fundermentals:
Earnings per share - 0.5 BUT, share of total assets per outstanding share (4c 1999) NOW 13C
Add to this, $10,000,000 equity line, paid for by the companies shares, $12 - $14,000,000 from Fiji assignment
Launch of Terranet - potential market value over 15 years, 1.5 billion (plus additional revenue to be earned from value added HSI processing) - first years earnings say $6,000,000
Current income stream from PP, based on likely NG prices going into winter, $1,800,000, (potential to triple this within the next 12 months through work in progress)
By my rough estimation, a 25% earnings against operating income could show the company earnings for 12 months to March 2002 at 4c per share (based on all 200,000,000 shares outstanding)and asset backing per share, 15c.
If we look at their stated future operations, it includes:
A focus on expanding markets for remote sensing services by
marketing remote sensing imagery collection services and value added imagery processing. In addition, in the mineral and hydrocarbon resource exploration areas, operations to include remote sensing instruments for their own use to secure equity interests in promising properties identified from the remote sensing imagery. Further, collected imagery to be analyzed and processed to aid in decisions to take new or additional equity interests in prospective properties.
Through the subsidiary, STDC, they will continue to focus on raising capital to finish construction of the NEMO satellite in expectation of a launch in 2003 (THE CURRENT VALUE OF THIS SATELLITE IS $70,000,000!). Further, they will continue to look for equity funding to develop
additional instruments including handheld, as well as airborne spectrometers.
They have entered into an agreement to use an Inertial Measurement Unit or IMU provided by The Boeing Corporation. Use of the IMU will enable them to more accurately geoposition Probe hyperspectral data and assist in the insertion of data into a customer's Geographical Information System or GIS database.
In addition, collection of field spectra using field spectrometer provides customers both ground and airborne spectral information that can be incorporated
into a customer's GIS to provide a custom, leading edge information product.
They also seek to acquire revenue-producing companies in the
natural resources and environmental monitoring field.
Through teaming with other firms, they will identify additional technology applications for remote sensing. Management intends to pursue additional markets for imagery databases, which would generate operating
revenues and improve cash flows.
Now Tom, does this look like a company that is working hard at its growth strategy or not. They have all the hallmarks of an aggressive corporation that has targeted some of the worlds largest organisations in leading edge technology. Their presence is now being felt in Australasia, Americas and the Pacific. These areas are the growth centers for the future, huge emphasis will be placed on ecological planning to slow the deterioration of the planet, strategic defense planning for protection against middle east insurgency, increased output of primary produce to feed the world, planning for sustained tourism, improved diagnostics and treatment against disease - and so it goes on.
EDIS has the potential to be the next MS by comparison in growth, earnings and public awareness, IMO of course!
Invessi |
