Forum Archive Index - February 2000

[Phil Eriksen <phil@acepay.co.nz>]

hugh webber wrote:
 
> Maybe soon we'll have something to get our teeth into ...
> "LibertyOne is expected to report its results by the end of this month.
> Solution 6 is expected to announce its numbers on February 24, according to
> broker JB Were & Son."

Hugh,

Did you also see this, from egoli.com.au

---
Troubles at Solution 6 - Company Denies CEO
      wants to leave but Profits set to fall

      February 8, 2000

      Solution 6 Holdings (SOH) said in a statement to the ASX today
that
      it was aware of speculation in the press about the possible
      departure of CEO, Mr Chris Tyler. In response to the reports, the
      company said “Mr Tyler remains committed to Solution 6 and its
      future and has indicated that Solution 6 is very much a high
      momentum company and one which he is very excited and proud to
      remain an integral part.” 

      However, the company has flagged in the same statement a lower
      profit result due to the Y2K and acquisition costs. The company
      said, “Solution 6 has experienced a slowing of salts over the last
6
      months. In our opinion this lull has been a direct result of Y2K.
      These changes to the nature of the Solution 6's group's activities
      and slow down in sales will lead to variations in profit/loss in
excess
      of 15% from that reported for the previous corresponding period.” 

      The company added, “Due to the significant changes in the nature
      of the groups operations, its recent acquisitions, new initiatives
and
      yet to be completed reviews of the carrying value of its
intangibles
      and accounting treatment of Research and Development
      capitalisation and amortisation, it is expected that significant
      abnormal expenditures will be reported for the 6 months ended 31
      December 1999.” 

      Solution 6 closed 30 cents higher to $9.95. The announcement was
      made after the close of trading. 
---


Cheers,
Phil

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.