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AXIA NETMEDIA J T.AXX

"Axia Netmedia Corp owns, operates and sells services over fibre optic communications networks. Its reportable segments are The Covage segment and The North American segment."


TSX:AXX - Post by User

Comment by the_ocotilloon Aug 21, 2012 1:49pm
179 Views
Post# 20242712

RE: What's with the "silent" treatment?

RE: What's with the "silent" treatment?

I agree about the "silent treatment", it would be nice to know more about the business and what is going on with it. Maybe their partners have something to do with the "silent treatment". But I really hope the next press release is not a new network "win" in France. I have noticed that just before the last 3 earnings announcements they issued press releases touting new Covage network segment "wins". (The new segments being Nantes, Grand Piotiers, and Seine Essonne).  They are scheduled to spent almost $27m Euros on these 3 new network segments, and they probably won't generate any meaningful revenue until late in calendar year 2013. And I am becoming somewhat skeptical on France, as it really hasn't been delivering any decent results. In FY 2011 they had about $17.3m in broadband revenue in Europe, and in FY2012 it seems they will be lucky if they get $20m, since they had only $14.1m of broadband revenue (in Europe) thru the first 3 quarters of FY2012. I hope they know what they are doing in France because I'm starting to wonder. Why spend all this additional money until we start getting some decent return on the segment that are already built?

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