Pick of the month : Amcom telecom

February 25th, 2012 by Penny Stock Reporter No comments »

Hartley’s have recommended accumulate on “Amcom Telecom”  today  in the West Australian and  we are happy to back  them up on this position or even go so far as to recommend “Buy”.  Amcom is rapidly expanding into IT Solutions  as well in addition to their internet services already being provided  to a large base of  personal and business customers.  Their foray into IT solutions includes wide range of advanced business services, including Video Conferencing, IP Telephony, SIP Trunks, Voice (ISDN), Colocation facilities, Data Applications, Disaster Recovery and Internet services. Their new focus on IT solutions  as part of the L7 Services  can be found on this website http://www.l7.com.au/

 

amcom telecom Ipo Perth australia Fibre NBN

Internet and Data services provider Amcom Telecom

 

The company is listed on the Australian Securities Exchange (ASX code: AMM)

Currently trading around  :  AUD $ 1.010 (Accumulate , Buy )

Company Name: Amcom Telecommunications Limited

Website: www.amcom.com.au

AMM´s 2012 growth strategy is focused on client acquisition for its fibre network and the uptake of additional products from its existing client database and leveraging new products from its new IT solutions L7 services.

Amcom  as part of  its services also have a “Dark Fibre service”. Dark Fibre is an optimum solution for very high-speed data applications, such as real-time data replication. The Amcom Dark Fibre service is an unlit, point-to-point optical fibre link. It allows you to manage your own network, operate your own terminating equipment and manage the applications that use the network.

Amcom Telecommunications reported NPAT up 50% to $25.85m for the year ended 30 June 2011. Revenues from ordinary activities were $87.19m, up 38% from last year. Diluted EPS was 3.55 cents compared to 2.70 cents last year

 

Although the company’s fibre business for corporate, government and telco customers performed well, its residential broadband business, Amnet, suffered a 7 per cent decline in revenue from $12.2 million to $11.3 million in 2010 . TPG TELECOM are one of its competitors in the Internet services providing market that  we would possibly take a punt on.

 

Amcom Telecommunications (ASX: AMM) has lifted its net profit after tax (from wholly-owned operation and before one-off items) by 20 percent to $8.4m for the six months to 31 December.

The company said: "The material uplift in earnings was achieved following strong organic sales growth from Amcom’s core fibre-based communications services and expanding business services offerings."

The company also recently scored a major $9 million cloud deal with the University of Western Australia to provide hosted servers, storage and backup from its datacentres in Perth, with the hundreds of servers and over 400TB of storage connected to the university via Amcom’s 10-gigabit fibre network.

About Amcom Telecommunications

Amcom is an Australian telecommunications company operating since 1998. Amcom specialises in providing services to business’es and government for data, internet, voice and related services over its extensive fibre optic network.

Perth (Head Office)
Level 22, 44 St Georges Terrace, Perth WA

T: 08 9244 6000
F: 08 9244 659

Mailing Address
GPO Box 2541, Perth WA 6001

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Posted in Australia, Australian Stocks, Hopeful

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penny hopefuls still drag on in 2011

January 31st, 2012 by Penny Stock Reporter 1 comment »

If you are a David Haselhurst follower , you will be a bit disappointed with the  year ending result on his money magazine portfolio which ended in a –19.00% portfolio change for the calendar year ending. I do keep a watch on his penny hopefuls and do follow a few  of his punts  in my own portfolio , as i do admire his winning streak  punt for  penny stocks from previous years. The last couple of years with the US crash , Euro crash  there is still some weakness in the Australian stock market  which is also evident in the penny stocks  and the speculators portfolio.

speculator picks

His last pick in Oct. 2011 was Blackwood Corp  (BWD)  which was formerly “Matilda Minerals Limited” which was picked up at 0.23 and still remains at 0.23. You can get more details on Blackwood Corp here on their website.

Blackwood corp speculator CTP exco and david haselhurst

The Exco Resources Punt

David Haselhurst took a punt of EXCO Resources( EXS)  in June 2011 @ $0.615 which has since then taken a beating with the current price as of today being  $0.19. Exco resources has quite a few  tenements in its prospecting portfolio in Queensland and South Australia besides the one it sold to Xstrata , which could possibly generate more income for the company.

“Exco Resources Ltd” (ASX: EXS) is an ASX listed mining and exploration company that has been operating since 1998. It operates the White Dam Gold Mine and the Cloncurry Copper Project (CCP). The CCP was sold to Xstrata Copper for A$175M in June 2011, generating a significant return on equity and the Company subsequently returned A$135M (A$0.38/share) to its shareholders as a fully franked dividend and capital return.

 

MONEY-LOGO

One of his picks from which i have profited before CTP or Central petroleum  has had some good news  , with it striking oil  at its Suprise well and it being the first significant discovery of oil flow from a onshore discovery  when most of the discovery are from offshore in the waters off Australia. You can hear a report of this onshore discovery of central petroleum over here.

If you check out the shareholders list , you can see  some very respected parties in the shareholders list  of central petroleum as below

Top Twenty Shareholders of central petroluem (CTP)
Name Shares Owned % of Shares Owned
Brighten International Pty Ltd 22,841,551 2.13%
National Nominess Limited 22,074,980 2.06%
Citicorp Nominees Limited 15,044,512 1.40%
Mr Mark Philip Shawcross 13,250,000 1.23%
Renlyn Bell Investments Pty Ltd 10,416,670 0.97%
Comsec Nominees Pty Limited 10,213,608 0.95%
JP Morgan Nominees Australia Limited 9,996,235 0.93%
RBJ Nominees Pty Ltd 9,375,000 0.87%
Franze Holdings Pty Ltd 9,360,000 0.87%
AMG International Pty Ltd 8,915,000 0.83%
Salavente Pty Ltd (GRB Superannuation Fund A/C) 8,625,000 0.80%
Colbern Fiduciary Nominees Pty Ltd 7,181,818 0.67%
Advent Energy Ltd 6,250,000 0.58%
Mr John Phillip Heugh 5,741,429 0.53%
HSBC CUSTODY NOMINEES AUSTRALIA LIMITED 5,428,889 0.51%
Agens Pty Limited 5,324,176 0.50%
Brispot Nominees Pty Ltd 5,032,646 0.47%
Marford Group Pty Ltd (Aggressive Trade A/C) 5,000,000 0.47%
Blamnco Trading Pty Ltd 5,000,000 0.47%
Mr Garry Bonaccorso & Mrs Dorothy Bonaccorso (Osrocc Super A/C) 5,000,000 0.47%

 

I still think CTP is a good buy at tis current prices, though currently don’t hold any of its stock as i have already taken a punt on some other ones  with my money already tied up.

 

Links:

Central Petroleum Exploration document (PDF, 4MB)

Payment of Dividend – Exco Resources Update & 2011 Annual Report

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Posted in Australia, Australian Stocks, Minnows, Penny hopeful, Penny stocks

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Change in directors Interests In company

December 18th, 2011 by Penny Stock Reporter 1 comment »

Often a good way of getting hints  or then tips of which way a company is heading is to see what the company owners (Directors) or big shareholders are doing with their share of the stock they own. A listing of the stock that the company directors or the owners are buying or selling in the market is a good indication of  the future business prospects of the company.

A buy of massive stock or shares by the directors of the company, sometimes can indicate the  confidence of the directors in the future of the company, while  a sale of stock or shares  of the company can at times indicate that  the company  probably does not have that good future prospects . Though many a time a share sale or buy can be done for various other reasons and the stock watcher gotta be aware of all the other issues surrounding the company to make a informed judgement.

Directors change in ownership interest hot

Here are a few ( penny stocks buys) share buys from last two months where directors  have bought into some shares from their company’s

Change in directors Interest in company shares

  1. Yellow rock resources  08/12/2011 Brenton Lewis  Bought 389,778 shares @0.012 totalling $4677
  2. Pharmaust Ltd 07/12/2011 Bryan McLarty Bought 103,952 shares @0.018 totalling $1856
  3. Mount Burgess Mining NL 30/11/2011 Nigel Forrester Bought 270,00 shares @0.005 totalling $1438
  4. Medtech Global Ltd 01/12/2011 Vinogopal Ramayah Bought 5,250 shares @0.050 totalling $263
  5. India Resources Ltd 28/11/2011 Arvind Misra Bought 550,000 shares @0.010 totalling $5,550
  6. Corazon Mining Ltd 05/12/2011 Brett Smith Bought 25,000 shares @0.115 totalling $2.875
  7. Black Fire minerals Ltd 08/12/2011 Michael Clifford Bought 4,500 shares @0.110 totalling $495
  8. Amcom telecommunications Ltd 30/11/2011 Anthony Grist Bought (100,000 x2 ) at 0.840 & 0.851 totalling $84,000 and $85,143 respectively

WordPress Tags: Change,directors,Interests,Often,owners,shareholders,indication,confidence,sale,Though,watcher

,Here,penny,Interest,resources,Brenton,Lewis,Bought,Pharmaust,Bryan,Mount,Nigel,Forrester

,Medtech,Global,Vinogopal,Ramayah,India,Arvind,Misra,Corazon,Brett,Smith,Black,Fire,

Michael,Clifford,Amcom,telecommunications,Anthony,Grist

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Posted in ASX, Australian Stocks, Change of interest, Directors Listing, Mining, Minnows, Penny hopeful, Penny stocks, Stock Price

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Did you invest in molybdenum miner ?

November 20th, 2011 by Penny Stock Reporter 1 comment » 
Not much is known about this metal in the ground which is very scarce
around the world with only a handful of miners mining this resource in
a few countries. Molybdenum,is a metallic element used principally as
an alloying agentin steel,cast iron and superalloys to enhance
hardness, strength, toughness and corrosion resistance. Molybdenum
usage has doubled
in recent years and is expected to increase in demand due to its
superior versatility, low toxicity compared to mostmetals, and there
are few opportunities for its substitution.
Molybdenum mining Australia china

Australian Molybdenum miners

  • Moly mines
  • Aussie Q Resources
  • Zamia Metals
  • Marengo’s Mining ( papa new guinea)
  • Dart Mining . NL
  • Kingsgate mines
  • Ivanhoe Mines
  • Metallic Minerals Limited’s
  • Thor Mining PLC
  • D’Aguilar Gold Limited’s
Molybdenite is widely used as a lubricant in high-temperature environments.
Molybdenum wire is used in electron tubes,and molybdenum electrodes are
used in glass furnaces. The major producers are the USA (Colorado
and Arizona),
China,Chile and Canada. Australia has just started mining molybdenum
resources which occur in New South Wales and WA.

Why molybdenum could be the next gold !!

#1 Molybdenum is essential to plant growth  and animals as a component
of the enzymes nitrate reductase and
#2 molybdenum has the lowest abundance in the earths crust (other than
useless selenium) at 1ppm of the life giving metals
#3 molybdenum has the 6th highest melting point of all metals ,and the
highest melt point of life giving metals
#4 if i were leaving earth forever i would build the ship out of molybdenum
and grow hydroponic plants which need 13 elements (moly incl.)
#5 CHINA has high rates of esophageal cancer because of low
molybdenum amounts in their soil
#6 nuclear power is not leaving ,nor are pipelines ,we need Corrosion
resistant high moly % stainless steel
LUCKY #7 CHINA IS CALLING MOLYBDENUM A NATIONAL RESOURCE AND IS LIMITING
THE MINING OF MOLYBDENUM BECAUSE THEY KNOW IT IS MORE VALUABLE LEFT IN THEIR
MINES IN THE GROUND ,THEY WILL BUY EVERYONE ELSES AT LOW CHEAP PRICES NOW,
THEY WILL EXPLOIT. THE BIG NEWS ON HOW MUCH THEY WILL LIMIT THE MINNG OF
MOLYBDENUM IS DUE TO COME OUT IN 2011.

Molybdenum metal stone mining

Molybdenum was discovered in 1778 by Swedish chemist Carl Milhelm Scheele, and obtained its name from the Greek word molybos, meaning lead like. It is a silvery white, tough, malleable metal and most commonly occurs in nature as molybdenite (MoS2) and wulfenite (PbMoO4). It is an important trace element in soils for plant growth. The main commercial source of molybdenum is molybdenite (MoS2) but it is found also in minerals such as wulfenite (PbMoO4) and powellite (CaMoO4). Molybdenum is mined as a principal ore and is also recovered as a by-product or co-product of copper and tungsten mining.

Australia’s Economic Demonstrated Resources (EDR) of molybdenum rose from 225 kilotonne (kt) in 2008 to 276 kt in 2009. All the increase occurred at Ivanhoe Australia Ltd’s Merlin deposit in northwest Queensland (Qld). Western Australia (WA) has Australia’s largest molybdenum EDR with about 79%, followed by Qld with 19% with the remainder in the Northern Territory (NT) and New South Wales (NSW).( Ref Australian Mine atlas ). China has the world’s largest molybdenum reserves, but in 2005, peasants in Hubei blamed molybdenum mines for poisoning the Chaoshui river. Rioters destroyed an estimated 200 molybdenum mines, crippling the world’s supplies.

Molybdenum in grapevines

Molybdenum (Mo), is a micronutrient involved in the conversion of nitrate nitrogen, taken up by the roots, into a form that the vine can use.  It is
also involved in enzymatic reactions essential for growth and reproduction in plants. Recent research indicated that molybdenum plays an important
role in: grapevine fruit set; seed formation; berry formation and development; and bunch yield. Merlot grapevines, in particular, have a critical need for adequate
molybdenum concentrations during flowering and reproduction for seed formation and bunch yield

Article by  Australian Penny Stocks ( Contributors – CARLO BIANCARDI , Jeff)

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Posted in Australia, Metals, Mining

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Dividend Reporting for August 2011

August 28th, 2011 by Penny Stock Reporter No comments »

Free dividend information resource for Australian share investors and traders for the Month August 2011. If you are a shareholder of a Australian company you are entitled to a share of the company’s earnings and profits. A dividend payout is a way to reward shareholders for investing their money in the company they invest in

dividends information

Australian – Ex-Dividend Dates

Date    Company  Divident rate

29 August AGG AngloGold Ashanti 18 cents
29 August AMC Amcor Limited 18 cents
29 August ASX ASX Limited 93 cents
29 August BEN Bendigo and Adelaide 30 cents
29 August CVC CVC Limited 3 cents
29 August DCG Decmil Group Limited 9 cents
29 August FWD Fleetwood Corp 41 cents
29 August HGG Henderson Group 1.95 cents
29 August MCC MacArthur Coal 16 cents
29 August MOC Mortgage Choice Ltd 7 cents
29 August MRM Mermaid Marine 5 cents
29 August ORG Origin Energy 25 cents
29 August PBG Pacific Brands 3.1 cents
29 August SDM Sedgman Limited 4 cents
29 August SUN Suncorp Group Ltd 20 cents
29 August TEL Telecom Corporation 1.5858 cents
29 August TEL Telecom Corporation 5.9473 cents
29 August WOR WorleyParsons Ltd 50 cents
30 August CUS Customers Limited 2 cents
30 August EHL Emeco Holdings 3 cents
30 August IIN iiNet Limited 7 cents
30 August NHF NIB Holdings Limited 9 cents
30 August SND Saunders Intl Ltd 3 cents
31 August CTX Caltex Australia 17 cents
31 August IFM Infomedia Ltd 1.2 cents
31 August MLT Milton Corporation 5 cents
31 August MLT Milton Corporation 39 cents
31 August SGH Slater & Gordon 3.3 cents
31 August SPT Spotless Group Ltd 6 cents

 

——————————————————————

1 September AAX Ausenco Limited 3.1 cents
1 September APN APN News & Media 3.5 cents
1 September CGF Challenger Limited 9.5 cents
1 September FGL Foster’s Group 13.25 cents
1 September GZL Gazal Corporation 7 cents
1 September SHL Sonic Healthcare 35 cents
1 September SRV Servcorp Limited 5 cents
1 September TRG Treasury Group 20 cents
1 September TWE Treasury Wine Estate 6 cents
2 September AIO Asciano Limited 1 cents
2 September CKL Colorpak Limited 1.75 cents
2 September TGG Templeton Global 2 cents
2 September WAM WAM Capital Limited 5 cents

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Posted in Australia, Dividend

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Buying gold on the australian stock market

August 14th, 2011 by Penny Stock Reporter 4 comments »

Buying gold on the Australian stockmarket is pretty easy. there are many options  to buy physical gold without atually going to a s shop . One of the options is  the listing of “gold”on the Australian stock market.

If you go to asx.com.au and search for  the asx code “GOLD” you  can buy the units or shares for physical gold by buying these units which also reflects the current gold price in the gold markets.  The company listing this on the share market is http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=GOL ( http://www.goldbullion.com.au/ )

Buying gold Australia

The company is offering an interest in physical Gold, Platinum, Palladium and Silver bullion. The holder of a Metal Security will hold both a redeemable preference share of nominal value and depending on the type of Metal Security held a beneficial interest in approximately 1/10th of one fine troy ounce of either physical gold, platinum or palladium or one troy ounce of silver.

Rates Above & Below does ot indicate the current gold prices*

gold price today picture

I bought some gold today  at the price of $134.44 ( check above for quantity) as the gold price has dipped a bit , so lets see how it goes , as  the gold price is surely going to go upwards  given the  US govt is still going to print money  and the Chinese  market figures has slowed downa bit jn  the past month

gold investment stock price

Ref : http://www.goldinvestmentstocks.com/

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Posted in Gold price

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Uzbekistan Biggest gas reserve is known as “The door to hell”

June 16th, 2011 by Penny Stock Reporter No comments »

The Locals in Uzbekistan call this  “The Door to Hell”. It is situated near the small town of Darvaz. in uzbekistan. The story of this place now lasts already for  a long 35 years.

The story of “door to hell” starts in 1971 with a Russian team of geologists in the search for natural gas. Once the geologists were drilling for gas, suddenly during the drilling they found an underground cavern, it was so big that all of the drilling site with  the equipment and camps slipped deep deep under the ground. None dared to go down there because the cavern was filled with gas.

The door to hell in uzbekistan

They came up with a plan, so that no poisonous gas could come out of the hole and so decided to ignite it , and since then, it’s burning, for 35 years without any pause. Nobody knows how many tons of  gas has been burned all these years but it just seems to be a infinite  supply there. Here is a video of the Door to hell

Video of Door to hell In uzbekistan

Imagine the  gas that could have been mined if  some company managed to put  a lid on it  and started piping the gas for export. The gates of hell could have rned into “the gates of heaven” for somebody

The other gates of hell – The Gates of Hell (French: ”La Porte de l’Enfer”) is a monumental sculptural group work by French artist Auguste Rodin that depicts a scene from "The Inferno", the first section ofDante Alighieri‘s Divine Comedy.

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Posted in Hopeful, Mining

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Oswals empire Bring in the bidders for “burrup fertilisers”

May 31st, 2011 by Penny Stock Reporter No comments »

Burrup, whose main shareholder is the Oswal Group of India, went into receivership last year, owing more than $800 million to ANZ Bank, according to local media. The oswals company that went into receivership “Burrup fertilizers” have got a strong interest from bidders. Ths oswals who departed australia around the time the news of the receivership broke out for Burrup fetilisers  are now living in the middle east pursuing new business interests. The oswals claimed that ANZ, PPB and his former Burrup Fertilisers partner Yara were "colluding" to force him to sell his shares in the plant at "rock bottom price". Results of the bidding process could shed some light  on this accusations.

burrup fertilisers recivers 

 

Companies which submitted bids included conglomerate Wesfarmers , Orica and Incitec Pivot , a source familiar with the matter said. China state-owned fertiliser group Sinofert and Egypt’s Orascom Construction had also taken a look, according to sources.

Bidders for Burrup Fertilisers had until May 30 to lodge offers for the 65 per cent stake in Burrup Holdings which owns a 760,000 tonnes-a-year ammonia plant in Western Australia

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Posted in Australia, Metals, Mining

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Happy easter

April 25th, 2011 by Penny Stock Reporter No comments »

Happy Easter to all our blog readers!

Happy-Eggs

Have a good Holiday !!

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Posted in ASX, Australia, Easter

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Some new floats for the quarter

February 13th, 2011 by Penny Stock Reporter 1 comment »

Some of this quarter’s biggest floats are from the resources industry.

New Resource Floats for the quarter

Some of the companies on the list are

Centius Gold,

Flinders Exploration Limited,

MetalBank

Peak Oil and Gas

Catch the Australian Upcoming floats here –> ASX upcoming floats

australia stock exchange asx

Centius Gold:

This gold mining main objective is to discover and exploit gold or other mineral resources that can be mined for an attractive rate. The Sydney-based junior explorer holds twelve prospective gold and base metals projects in New South Wales and Queensland. Its immediate plan is to focus on gold and porphyry copper-gold deposits in projects that can be commercialized.

 

Flinders Exploration Limited:

FEX is a new multi-commodity explorer in australia with ready-to-drill opportunities in a strong tenement. Its portfolio imcludes diamonds, copper and gold prospects, phosphates and barite. The company has projects planned in the WA Pilbara, where it recently recovered a micro-diamond.

 

MetalBank:

MetalBank is a mining exploration and development company and also a investment manager. The company believes that by implementing a planned investment management approach to running the company,  it will as such build a valuable bank inventory of mining assets.

MetalBank boasts a carefully selected portfolio of copper-gold exploration projects and an experienced management team.

 

Peak Oil and Gas:

Peak Oil and Gas is an upstream oil and gas company. It has a attractive combination of near term production and exploration assets located in the Asia Pacific region. Its main portfolio is the Cadlao Redevelopment Project in the Philippines which is targeted to commence production during Q4 2011.

Peak also has a portfolio of highly prospective exploration acreage located in Indonesia, Thailand and New Zealand.

Australian Reources and Mining sector IPO Floats 2011

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Posted in Floats, IPO

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