fabulous Fabulous issues Preliminary Final Report

[JayK]

Fabulous issued a Preliminary Final Report yesterday. You can read it at www.darkbluesea.com/investor.html.

The highlights are that revenues from ordinary activities are up 98%, profit from ordinary activities after tax attributable to members up 171%.

As a result, the share price went up 10% today!

Looks like their strategies are beginning to pay off!

 

[jdk]

I can look at the .pdf's from work. Are they publically traded? If so what is their stock symbol?

 

[JayK]

I can look at the .pdf's from work. Are they publically traded? If so what is their stock symbol?

jdk

They are listed on the Australian Stock Exchange (www.asx.com.au), the stock symbol is dbs. Closed today at A$0.465, having gone to A$0.485. If you look at the trading history chart, you will see there has been a sharp rise over the past few months.

Cheers, JayK

 

[Honan]

DBS is at A$0.69 today, up from A$0.53 only a few days ago

 

[JayK]

And went as high as $0.70. There has also been an ASX request for an explanation for the increase, which DBS have responded to. You can see their response on the ASX website, but there is nothing that the company needs to announce (i.e a pending sale or merger) that would affect the price, they put it down to positive results, increased broker awareness, the fact that companies in similar industries in the US have had share price increase and also that the stock is the subject of some comment on a day trader forum (don't know which one and if anyone does, I would be interested to see what is being said).

 

[Honan]

Anyone care to guess the nature of the impending announcement that halted trading in dbs on the asx today?

 

[Beachie]

Takeover?

 

[JayK]

Looks that way. Photon Group Ltd bought about 20% of one of the founding shareholders shareholdings and has now issued a bid to takeover the rest at A$0.65 a share. Photon offers a range of online media solutions.

http://www.photongroup.com/index.html

 

[Honan]

.65 offer on a current trade of .71
"Tell 'em they are dreaming"

 

[JayK]

Joe

I'd agree, but it looks like others don't. Interestingly, the Australian Financial Review today says that "while the company's board will put up a fight, Shannon's sale suggests that its major shareholder doesn't think it is a cheap offer". Let's see what happens. In the meantime, if you think that DBS has a good business and you think Photon might be successful in its takeover offer, then perhaps we should all be looking at buying Photon shares!

Also, it makes you realise why a company like DBS won't be interested in selling it's own domain portfolio. Why accept anywhere between 3-8 times revenue for your domains, when you can sell the company shares for 19 times earnings!

 

[duceman]

Joe

I'd agree, but it looks like others don't. Interestingly, the Australian Financial Review today says that "while the company's board will put up a fight, Shannon's sale suggests that its major shareholder doesn't think it is a cheap offer". Let's see what happens. In the meantime, if you think that DBS has a good business and you think Photon might be successful in its takeover offer, then perhaps we should all be looking at buying Photon shares!

Also, it makes you realise why a company like DBS won't be interested in selling it's own domain portfolio. Why accept anywhere between 3-8 times revenue for your domains, when you can sell the company shares for 19 times earnings!

:idea:

1. I think I will incorporate in Delaware
2. Do a IPO with 5 million shares available for purchase.
3. Hire a slick marketing company to pump my shares.
4. When they .003 on the pink sheets I'll take leverage my shares to buy more "premium" domains.
5. Develop a parking company.
6. Sell out in 36 months.
7. Leave a millionaire. ( of course I'll have to buy back in)

Anyone want to help

 

[JayK]

Here's the response from the company to the takeover offer

http://www.darkbluesea.com/announcements/187_response_to_take_over_offer.pdf

 

[Honan]

Thanks JayK
I don't normally read the AFR, so I was unaware of that opinion
Considering the response from DBS, does it not seem unlikely that the take over will succeed?
Leaving Shannon without the sale of 20 mil shares, and posssibly short of pocket money.
Meanwhile the price rises to 74 cents, possibly fueled by speculators.
My own confidence in the rapidly rising value of dot com domain names should preclude me from selling anything
I say should.
If I wasn't such a bloody idiot.

 

[JayK]

Thanks Joe. Who knows what will happen, but I guess the price spike indicates that people expect the Photon offer to be higher and are speculating that they will raise it. Then Mr Shannon will just sell his shares at the higher price and have an even happier Christmas!

 

[namestrands]

I have to say that it really is not a suprise, and I for one expected this after the recent moves from Fabulous making themselves more attractive for a potential merger or buyout.

Very interesting info JayK, I am interested to see how it all unfolds.

 

[JayK]

Well it looks like Dean just sold the rest of his stake at $0.67 to two small cap fund managers and the share price has gone up too. A Happy Christmas for Mr Shannon, I would say!

 

[Honan]

And photon's have taken over the private group OBmedia
They seem to have deep pockets indeed
Looking forward to them raising their offer for DBS next week, hopefully right in the middle of their office Christmas party
Where are photon based, anyway?

 

[namestrands]

They are based in Sydney about 21 floors below our old office in George Street.

You can add the following to their aquisitions:

Kaleidoscope Marketing Services Pty limited.
Republicorp Limited.
Media Zoo Pty Limited
Counterpoint Marketing and Sales Pty Limited
ONAT Pty Limited
Legion Interactive Holdings Pty Limited
Kinetics Pty Limited.

Thats just in the past 18 months

 

[JayK]

Yup, they sure have been busy. As for DBS, it will be interesting to see what Photon do, now that a couple of other significant players have joined the pack.

 

[Honan]

Well it looks like Dean just sold the rest of his stake at $0.67 to two small cap fund managers and the share price has gone up too. A Happy Christmas for Mr Shannon, I would say!

Maybe he should have waited, considering todays news
Photon offer 76c