Shares & Derivatives
M1 Limited Third Quarter Results
By Investment Moats  •  October 19, 2011
M1 announces their set of results 2 days ago. The summary of my take on the results is as follows:
  1. Revenue was lower, net profit slightly higher
  2. Overall operating cash flow position much better than corresponding year
  3. Capital Expenditure was much higher due to spending $20 mil on spectrum purchase
  4. Short term debts higher as well
  5. ARPU per quarter for post-paid and pre-paid are all down
  6. International Call, a big revenue contributor was down as well
M1 for me is the biggest loser among the local telecom for this move to data messaging. Just to share an experience, we recently got some staff temporary deployed overseas and a purchase of pre-paid cut that have unlimited data access for the finite number of days was a boon for discussion across data messaging applications like Whatsapp. Gone are the days where we will be at the mercy of IDD rates and worrying ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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