Asian Satellite Television (SAT.v)
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Posted: Thursday Nov 17 5:30:11PM 2005
Tough one to accumulate but well worth the try as by next quarter, stock could move well over a dollar. Last two quarters have been astounding. 4 new channels just added plus cricket contest broadcast.
Posted: Thursday Oct 20 3:57:07PM 2005
This Management Discussion and Analysis should be read in conjunction with
the audited Consolidated Financial Statements of ASIAN TELEVISION
NETWORK INTERNATIONAL LIMITED (ATN or the company) and the notes
thereto for the period ended September 30, 2005.
We are pleased that the strong fiscal performance continues into the third quarter
of 2005. Our net earnings for the nine months ending September 30, 2005 are
$1,142,459 compared to the nine months ending September 30, 2004 of
$297,224, a 385.4% year over year increase. This is our eleventh consecutive
quarter of positive net earnings. . We believe that this trend of positive increasing
earnings for the company is now long term and is the result of Management’s
focus on maintaining the growth of our sources of revenue, our Canadian
subscriber and advertising base. Creative, interesting, fascinating and varied
programming is the key to our continuing success.
These positive improving earnings create an attractive growth opportunity for our
Earnings before amortization and financial expense (also known as EBITDA)
illustrate, the significant financial success that management has achieved. For
the nine months ending September 30,2005 EBITDA was $1,558,889 or 6.5
cents per share, compared with $734,647 or 3.1 cents per share for the same
period last year, an astounding 212.2% year over year increase.
Our revenues for the nine months ending September 30th, 2005 were
$4,966,063 as compared to $3,536,586 for the first nine months of 2004, a
140.4 % increase. We continue to be confident that our combined subscription,
advertising and programming revenue will continue to grow with the launch on
October 19th 2005 of 4 new channels and additional new channels in the near
future for our Multicultural communities.
The operating expenses at September 30th, 2005 were $3,407,174 as against
$2,908,448 for September 30th, 2004. The year over year increase of
17.1% is due principally to programming, production, and acquisition and
distribution expenses. Overall expenses have stabilized. However, programming,
production, acquisition and distribution costs will continue to increase as we
strive to improve the quality and quantity of our programming. Management will
continue to monitor and control these costs in relation to our revenue growth.
We are pleased that eleven of our channels are now launched. We continue to
work to ensure that our channels become more available on cable and DTH in
several urban markets.
ATN holds additional digital television licenses and hopes to launch these
channels, in the near future to compliment our existing services. In doing so, we
shall optimize effective use of our resources, while achieving more penetration in
our niche market.
Management’s commitment is to bring quality entertainment to our viewers. We
continue to be alert to pursuing new growth opportunities in the industry.
The foregoing contains forward looking statements and include statements based
on current expectations, estimates, forecasts and projections about economies
and markets in which we operate and our beliefs and assumptions regarding
these economies and markets.
B. Fulton CA, Chief Financial Officer
October 19th, 2005
Posted: Thursday Oct 20 3:11:47PM 2005
A nice move in SAT on a terrible day in the market. I do not see any news. But the earnings may be out. Have not found them. Are there other folks here that are in this name? I think the growth potential is great.