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Bullboard - Stock Discussion Forum 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 Discussion

AXIA NETMEDIA J > Spain exit
View:
Post by 499ccs on May 30, 2013 1:06pm

Spain exit

Good move getting out of Spain.
Comment by the_ocotillo on Jun 04, 2013 9:59am
Agreed, clears up some of the capital spending in the future. It could be interesting next year as far as capital commitments (or lack thereof) go. Spain now off the table, Mass should be done late this year, no spending in Singapore. That leaves France and Alberta. I would bet that France sees some more expansion next year, I'm not certain about Alberta spending. It would be nice to see ...more  
Comment by TheRock07 on Jun 05, 2013 7:08pm
Exit from Spain  is positive and will boost the cash position to over $12 million.   Q1 was superb with both sales and margins increasing............... Customer connections grew 22% to 8,974 from 7,373.   Revenue across Axia's business units* totaled $26.3 million up 12% from $23.5 million a year ago.   Business unit* EBITDA totalled $6.9 million up 43% from $4.8 ...more