Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, [4], 5, 6, 7, 8, 9, 10 ] |
| Subject: research questions for Duffo---1/1/03 | |
|
Author: anonymous |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 22:12:07 12/31/02 Tue Date Posted: 11:32:38 12/27/02 Fri Author: Subject: Research PWI-neg/impact/6mill/not/there/next/report PWI-Expense/hurts/bottom/line/when done. PWI-6 mill/expensing/benefit/recur/ongoing RE:6 mill/expensed/30/12/01-30/6/02restructure Melbourne/Scopes/customer/legal/satisfied Technological benefits flow throughh/late June Prior to March 15th 02 ERG Group/10% Proton ERG Group acquired Proton/March 15th-2002 Repaid/60/mil/9mths/outflow/under/500K28/11 Legal ratification EGM New Year/03 NTA 15.78 ITS 100% controlled entity Sydney28/11/2002 Investable weight factor March 15- March22 RE:Post June 30th 02/ 20 mill paid (12.4--OL7.6) Summary Melbourne Scopes Creep claim. All shares/options/post/NTA -estimated 15.78 Post reconstruction net assets rise to 462.1m 3381--Thinks Seattle signed-May 2003. NSW State Election March 2003. 3381-Thinks Sydney signed--Feb 2003. TranslinkPhase 2/expect/San Fran/Dec02 May 26th 1999 Mot ERG Translink San Fran 3381-18mths/tender/stage/to/sign/ERG 'emphasis of matter' Keycorp/ERG ASIC 18/12 Fixed vacation Supreme Court 23/12 to 3/2/03 ---------------------------------------------------------- uniform standards/interopereability/multi etc U.S. Govt/no one company/monopoly/EMV already/to which ERG/Proton tech can be added Cubic/Washington/have an installed base 3430640What Delloite mean to ERG (tangibilty) In prior years ERG Group 69.9% intangible 5286947 A note on NTA 15.78 N.E. Renton Cubic smartcard lacks multi/app features 3235 reasonCubic/Washington/multi-application 58,876 minus/profit 5 mill (Ecard)--equals 53,876 Delloite/Provision/diminution/equity/58,876 Ecard-ERG own licence rights PWI technology Ecard-14/11 5 mill profit post balance 30/6 Ecard-14/11/02 'clear evidence' tangibility. 28/11/02-Deloitte Touche Tohmatsu.ratified Resolution/Sydney positive cash flow 443Kper mth 28/11/02 AR/cash outflow/less than 500K Contract delay costs 553K per month. PWI--March 15 02-100% Triumphaunt Launch 8/6/02 MTEstudy expected to conclude Dec (Canada) Toronto phase 1 started in June 02---28/11 PWI--is commercialising it's technology. ----http://www.austlii.edu.au/cgi-bin/disp.pl/au/cases/nsw/supreme_ct/2002/656.html?query=%7e+cubic ------------------------------------------------------------ http://www.lawlink.nsw.gov.au/sc\sc.nsf/pages/sittingsofthecourt ------------------------------------------------------------ Vacation ------------------------------------------------------------ The fixed vacation begins on 23 December 2002 and the first day of term in 2003 will be 3 February 2003. ------------------------------------------------------------ Delloite/tangibilty/9 million/Prepayment/Cards Total savings added back---48.87mill additional to 18.87--30m annualised cost savings The 18.87mill is an interest saving. savings in interest are added backbottom line post/recon 247m non current liability/eliminated post/recon/18.87mcurrentliability/eliminated sc\sc.nsf/pages/sittingsofthecourt http://www.lawlink.nsw.gov.au/ 3 February 2003.Supreme court opens. 23 December 2002 Supreme Court shuts. Proton supply technology to Cubic London ERG/Proton/Schlumberger/EDS/Transys Cubic/senior member /4company'sTransys SchlumbergEurpe/Orlean/Frnce/Felixstowe/UKPWI PWIcertificate/embed/microelectronic/Schlumberger that are supplied/by Schlumberger. PWI/certifies/fuctionality/security/Schlumberger Schlumberger--member on Global Platform. Transys 4 companies EDS/Cubic/WSAtkins/ICL Jan 02SchlumbergerSema/supplied/EDS/ Transys SchlumbergerSema--current vendor Proton. Schlumberger.member of Cepsco Partners Group. Cubic.member of Cepsco Partners Group ISO 14443-contactless proximity card standard CALYPSO - contactless card ticketing technology CN3/GT4 transport & ticketing standard ITSOintegratedtransportsmartcardorganization SchlumbergerSema/standardisation/committee's in publically funded transport developments. for interoperable Smart Cards, tickets and passes U.K.-Gov policy to specify ITSO compliance (PTA/PTEs and Local Authorities) U.K. Gov. Adherence to the Specification is voluntary. IPR in the Specification is owned by the Crown. 23/9/99 Proton Licensee PCL ITSO compliant The ITSO Specification is UK Crown Copyright 3392/SanFran/Seatlle/Venus/EMV/fee's/bank Mexico/Schlumberger/PWI 3/1/2001certified. End of free float 30/9 effective 1/10. CAT/ERG---removed from S&PAus March15/2002 3391China!/B2B/EMV/Aust ANZ/Oberthur/Amex PWI/commercialisingtechnology29 patents22/12/02 Syd/4-8weeks/San/Dec/expect/T+3-27/tax31# NYDay/1stJan Allstates closed no settle# Sell/buy27th-settlement-31st-also tax(U.S)# Boxg Dy 26/12 All states Closed No settle# XmasDay Wed 25 Dec-closed nosettlement# Cubic/London/Oyster/notITSOcompliant PWI is ERG-PCL&Partners/Intro/SmartCard/SouthWales2/4/01 Prepayment Cardsnearly over 50%threshold 47.1% (previously 01F/Y 30%) ------------------------------------------------------------ Source Ord Minnett-Estimated 50 mill op rev every yeay 10 years from 2004---data 1 year old approx. 3395-.http://patents.uspto.gov/ U.S Patents/link 3395-must include ultimately Catuity/Visa. 3395-view expressed---author interopeability. 3395-archive 2 .http://www.voy.com/81870/2/ 3395-Cyberpro (Welcome took over) VAR for PWI. 3395CFCAT ASX announce6/11.Magic 3395-tested on Schlumberger Magic IC terminals 3395--The Visa CAT system was recently 3395 regards CAT as a potential supplier. 3395-a spokesperson for ERG.8/2/02 3395-Catuity's patent (1 of them) valid17 years. 3395-cf---AFR.Granting of Patent8/2/2002 RE:Not the original Transcard (pre modification) Involved the modifications made--Transwizard The dispute (now resolved) CAT & Welcome CAT's Transcard was renamed Transwizard After trialling modifications made CAT Transcard RE:WesternsuburbsSydneybuses.ERG+CAT(Nth Shre) Catuity and ERG have trialled together 3395-Not as a competitor. 3395-Welcome and Catuity now partners Visa. 3395-Welcome took over Cyberpro. 3395-Catuity's dispute with Welcome Realtime. 3395-No dispute has ever existed with CAT. The Intelligent HighwayJuly 15 MotorwaysUK UK Initiatives01/02 submitted EEC. smartcard E-EuropeTrailBlazer6contactless technology* (Schlumberger) ------------------------------------------------------------ With ERG receiving shares in card.etc AG.19.97% #author 19.97%owned equity accounted card.etc AG 28/11#aWeintend bid Berlin project through ASX#28/11appendixCcompleted by ERG Berlin in2000 ASX#28/11appendix CFollowing the successful 23/9/01excludeBerlin/Brandenburgimportantpoint card.etc AG--licensee of MASS all Germany ERG Card Systems (ECS) owning 19.97% With Germany maturing rather than nascent for equipment used to obtainrespective contracts with recoverability of previous amounts paid receiving all revenues on it's own without MOT #SanFrancisco other areas of Nth U.S.A. #in toto with Berlin ERG now full responsibility Berlin#and general public availability by 2002. Berlin#The BVG expects full system implementation.(02) MOT/ERG#11/3/99-contractTransport AuthorityBerlin ASX#26/2/02 particuarly in Nth U.S.A.Germany. ASX#26/2/02-Mot will transfer resources to ERG ASX#26/2/02Transaction boosts eps share/future. ASX# 26/2/02 ERG paid MotA$46 mill (US$24.15 m) through the Statement of Financial Performance ASX#26/2/02 abnormal charge ERG took the alliance restucturing charges MOT In March 2001from Mot (26/5/99) San Francisco In March 2001 ERG assumed full responsibilty ASX29/10/01ERGforbackoffice systemSanFran ASX announce 29/10/01ERG has already paid ------------------------------------------------------------ 3395-1) costs too much in litigation everytime 3395--Not aggressively enforce CAT's patents. 3395-D MacSmith(chair/CAT) former patents lawyer. (out of 16m)9/11 million net-EDI post30/6/02 Profit post June 30th 02 may be as high as May have a more exacting figure later EDI Translated Wrongway is the Rightway (lol) consideration for the sale of ERG Connect. ERG received the Downer shares as part ASX#7/3/2000Dow-Numbersecurities issued 55,538 ASX#Extraordinary/Dow/27/6/2000-ERG Connect. BritneyIn prior years ERG Group 69.9% intangible. Note## EDI Downer some profit/postJune30/02 Note## EDI Downersome profit waspre June30/02 Note## EDI Downer shares profit/pre/post ASX#13/5--50:50 joint venture company ASX#13/5--EDI Rail/JV---Bombardier Transportation. ERG/ tender/Perth-EDI Downer Bombadier/13/5. ASX#12/9 not the whole 16m (a proportion of) ASX#12/9 an abnormal profit made postJune30/02EDI ASX#12/9 proceeds used pay out CBA ASX#12/9generating approximately $16 million. ASX#12/9have been soldover the past two months. ASX# announce 12/9 Downer EDI shares. ERGprofit EDI Downer shares est 40c per share. 12/9/02 provison project delay losses 15,238. Chicquitta Chess is playingStockholm Benny deferred but not disallowed=Delloite card.etc AG. (the 31.2 million licence fee's) #ie as cardetcAG19.97% grows ERG share/increases. ------------------------------------------------------------ ASX#15/11/01the Venus technology. ASX#15/11/01a non-exclusive sublicence to ASX#15/11/01ERG smart cards,ERG hasgranted ASK ASX#15/11/01To enable ASK SA to supply ASX#15/11/01 for its transit projects. ASK SA ASX#15/11/01for the supply of smart cards to ERG ASX#15/11/01as its preferred supplier *ASK SA ASX#15/11/01ERG has also appointed ASK * ASX#15/11/01 manufacturing company ASK SA* ASX#15/11/01equipment to the French smart card * ASX#15/11/01 ERG onsold the manufacturing* ASX#15/11/01 * As part of the same transaction ASX#15/11/01developed by Proton World.* ASX#15/11/01of applications such as those* ASX#15/11/01Its presence facilitates the use * ASX#15/11/01system embedded/chip/smart card* ASX#15/11/01Venus techprovidesan operating* ASX15/11/01#which also has PWI certification * ASX#15/11/01contactless smart cardtransactions * ASX15/11/01#capable of supporting high-speed * ASX#15/11/01technology in the world today * ASX#15/11/01 Venus tech only smartcard* ASX#15/11/01 the manufacture of Venus smartcards* ASX#15/11/01machinery and equipment needed for * ASX 15/11/01 and the purchase of certain* ASX#15/11/01Mot'sVenusPlatform smart card tech* ASX# 15/11/2001acquisitionof a licence* The following posts Venus Platform * 3395-2) more the spirit/harmonious co-operation 3395-someone somehwere in the world transgresses. ------------------------------------------------------------ NRMA Member Services/Joint venture and alliance agreement ERG 30/5/2001. ------------------------------------------------------------ December 8th 2002 850,000 e-TAGŪ agreement Transuban NSW RTA e-TAGŪ interoperable Queensland's Tollways August 02. ------------------------------------------------------------ The benefit to freight companies will be significant with no need to carry multiple electronic devices to travel in New South Wales, ------------------------------------------------------------ RE: Transurban Group NSW RTA-e-TAGŪ Harbour Bridge Tunnel- Sydney Harbour Bridge December 8th 2002. ------------------------------------------------------------ http://www.investorwords.com/cgi-bin/getword.cgi?2671 ------------------------------------------------------------ joint venture ------------------------------------------------------------ A contractual agreement joining together two or more parties for the purpose of executing a particular business undertaking. All parties agree to share in the profits and losses of the enterprise. ----------------------------------------------------------- See Also ---------------------------------------------------------- off-balance-sheet financing ----------------------------------------------------------- Financing from sources other than debt and equity offerings, such as joint ventures, R&D partnerships, and operating leases. ---------------------------------------------------------- 8/12/2002/(RTA)/N.S.W./2- tollroads e-TAGŪ e-TAGŪ Harbour Bridge Tunnel Sydney/Vic 850,000 e-TAGŪ devices/Transurban 8/12 Trans/Etag/8/12/02/use Sydney Melbourne/Bris ERG/alliance/TransurbanGroup/Citi/ May/01 Formed/alliance/owner/operator Citylink May01 NRMA Member Services Joint Venture 30/5/01 ASX#14/5/01 Berlin (a trial) Sun Microsystems/Java/Microsoft/23/12 may have signifcant implications/Jave favourable/ERG(view expressed) Hitachi/IBM/Compliant/EMV/2/Visa/break/Jan03 Alliance-http://www.voy.com/100711/689.html AllianceNRMA M/S--CityLink projectMay 30th,01 3410-standard-details contactless--ISO 14443 3399note Octopus system is not Proton based 3399-Breakdown of Hong Kong/Octopus. Note# http://www.voy.com/100711/602.html Note#Schlumberger---EDS (Cubic) London Note##Perth29/11/02EDI/BomabierJ/Vtender ASK Toronto http://www.voy.com/100711/601.html MTE studyexpectedconcludeDecASK12KISO 14443* ERG/tender/Perth-lodged 29/11/02. Note#Sale of Ecard 5 million* Note#Sale of EDI Downer 11 mill net?* Note#48.87 million added back * Note#post balance date June 30th* (outof16m)9 /11 mill net-EDI post30/6/02bookmark Note## to supply smartcards with Venus to ERG* Note## ASK SA would not be legally allowed* Note## a non exclusive sub licence Venus* Note## unless ERG granted ASK * ------------------------------------------------------------ Re: Note ther full effect of the interest rate saving of 18.87m kicks in more substantially in 2nd half--still has an effect though 1st half. ------------------------------------------------------------ Re:60 million in bank debt eliminated--28/11 ------------------------------------------------------------ Re:the Victorian settlement is extraordinary---not abnormal. ------------------------------------------------------------ Entity reported 28/11 cash outflow less than 500K for 5 mths/huge improvement/prior period. ------------------------------------------------------------ Substantial receivable wating to collect Lazio ------------------------------------------------------------ PCL--2002-02-27 the profit of approximately $9 million, has been reversed ------------------------------------------------------------ applicable 13,990 Prepayment Cards LTD. exchange movements and equity losses ----------------------------------------------------------- Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 05:47:00 12/30/02 Mon Author: Subject: Re: Research Questions to ask Sean Duffy on 6th of Jan In reply to: 's message, "Research" on 05:47:00 12/30/02 Mon The second half loss 31/12/2001 to 30/6/2002 reported on the 12/9 audited 1/10 excluding writedowns was 34,526.On the 31/5/2002 27 million worth of annualised cost savings were announced better than forecast. (further cost savings Aug/Sept 02) The cost of the restructure to generate the cost savings was 6 million and it was expensed.For 6 months halving 27 mill equals 13.5 mill--add 6 mill (as this came out of profits before) equals 19.5 million, abnormal gain made of 5 million----Ecard on 14/11/2002 5 million equals 24.5 mill (within the 01 year net profit 6.1m, ERG bought Motorola's interest in alliance for 46.2 million specifically relating to that 35,127--then associated costs--bringing the total to 46.2m, otherwise the profit for that year would have been higher. The entity has received 13 million realised on the 9/7/2002 (post June 30th 02) with the remaining sale of EDI Downer shares which it originally received as part consideration for the sale of ERG Connect. Research and development costs between the years 2001 to 2002 dropped from 42.3 million to 23.2 million ie 8% of revenue compared with 18% (excluding the telecommunications revenue) (in real terms) for the next half year half (even though revenue will grow--static figure) of 23.2 mill is 11.6 mill. 49.1 mill minus 34,526 equals 14,574,000--without including Melbourne and assuming EDI Downer is a profit, figures static---without depreciation or amortisation or any recovereability issues. Maybe more other than above to add yet Questions to ask Sean Duffy on the 6th of Jan when he gets back from holidays. ------------------------------------------------------------ 1) With the Melbourne Settlement is the 20 million you received post June 30th with 12.4 million going directly to ERG Group and 7.6 million going to OneLink---then a formula to which based on performance you receive payments (fixed from Onelink) and Victoria based on the success in managing vandalism extraordinary or like abnormal? 2) Ecard same thing again abnormal or extraordinary. 3) Proton revenues come in on time? 4) The sale of EDI Downer--really the same question again for I note you still have a strategic alliance and later won a 3 year contract with Telstra---is the sale of EDI Downer an abnormal or extraordinary transaction? Further one announcement on the 10/7/2002 states you realised 13 million--is this profit? on the 12/9 P Fog states 16 million was generated from the transaction to which the proceeds were used to repay CBA--the two figures are different--does this mean you sold EDI Downer for 16 mill all up and made 13 mill profit in other words.? 5) Ive done a tally Sean of improvements ERG has made in the 1st half of the new financial year---leaving out the depreciation and amortisation that Ive yet to get a handle on, I have you coming out with a much improved result in March--any comments on that.? 6) Contracts? I guess everyone asks you about Sydney--any updates? San Francisco? Canada Washington? Stockholm? [ Next Thread | Previous Thread | Next Message | Previous Message ] |