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#	AUTHOR DATE SUBJECT
29	member 1/18/14 12:59AM Axia Coverage Initiated
$4.50 price target. Does anybody have access to this report they can share? http://www.stockhouse.com/companies/bullboard/t.axx/axia-netmedia-corporation?postid=22104845 view available tags
28	member 1/07/14 2:06AM Quarterly Dividend Initiated
http://www.4-traders.com/AXIA-NETMEDIA-CORPORATION-1409129/news/Axia-NetMedia-Corporation--Axia-Announces-Commencement-of-Quarterly-Dividend-17757013/ 2% yield with a lot of room to grow. view available tags
27	member 8/29/13 11:16AM RE: Halted 26
Alberta contract extended through 2018. view available tags
26	member 8/28/13 11:57AM Halted 25
Anyone know what the reason is? view available tags
25	member 8/23/13 4:09PM RE: RE: Thoughts on OpenNet sale (Singapore)? 23
SingTel was trying to get out of its obligations to spin -off the ducts used in OpenNet into a seperate and independent entity. Without significant action by Singapore government, the investors could have been stranded.... login to read the rest view available tags
24	member 8/23/13 7:51AM RE: RE: Thoughts on OpenNet sale (Singapore)? 23
I don't think the parent was running low on cash. They have a net cash position, lines of credit and imminent proceeds from the sale of Spain. I think it was probably more likely a view available tags
23	member 8/23/13 2:53AM RE: Thoughts on OpenNet sale (Singapore)? 22
The valuation looks low to me as well. They will have to record a loss on the sale, as they were carrying the investment in Opennet at $35m. The parent was running very low on... login to read the rest view available tags
22	member 8/22/13 9:47PM Thoughts on OpenNet sale (Singapore)?
Valuation looks a little low (roughly 4x EBITDA) but this further cleans up the corporate structure. Does anyone have any additional thoughts on this sale? view available tags
21	member 5/29/13 6:38AM RE: asset sale justifies high end? 18
This is good news... Spain was still generating losses, the sale should significantly improve the balance sheet and income statement. We are quite happy to see the company cutting business development expenses, shedding a non-core view available tags
18	member 5/28/13 2:07PM asset sale justifies high end?
seems like the asset sale justifies the high end of your valuation for the Spain subsidiary. Is there a read-through on this to France or their other subsidiaries? any thoughts on strategically why they sold view available tags
16	member 5/15/13 11:07AM RE: Inflection point has finally arrived for AXX? 15
this looks interesting. In terms of the Alberta contract renewal in 2015, is there any possibility it gets extended in 2013 or 2014 or will we not know about the renewal/new terms until 2015? Also,... login to read the rest view available tags
15	member 5/15/13 8:36AM Inflection point has finally arrived for AXX?
Is anyone still following Axia NetMedia? The company reported Q1/13 results yesterday and operating leverage is finally taking hold, particularly at Covage (France). Total company EBITDA is near $7mm/qtr (and growing double digits due to... login to read the rest view available tags
12	member 2/02/12 4:05PM RE: RE: Alberta, Contracts 11
Thank you for the reply. We have one follow up for you regarding Covage... We’re attempting to triangulate management’s comment regarding the earnings potential of Covage: 15% penetration would result in 20% pre-tax return. This comment was... login to read the rest view available tags
9	member 1/19/12 12:35AM RE: Covage 7
Hey briarwood, There is no cap on Covage. The cap is only applicable to Singapore. view available tags
8	member 1/19/12 12:33AM RE: Singapore question and France question 6
Hey katana, 1. Yes, we did spend time clarifying that situation. Luckily, we think it is a simple one: the Singapore government made it clear that it wants a separation between the company that controls the... login to read the rest view available tags
7	member 1/18/12 11:33PM Covage
One additional question on Covage. If in this instance Axia owns the fiber, does government regulation still restrict the upper bound of the pre-tax income potential even in a scenario where the adoption of fiber... login to read the rest view available tags
5	member 1/17/12 4:57PM RE: Historical economics 3
Hey Snarfy, I'm not sure I can agree that historical returns on capital were weak. On its Alberta network, Axia made back the money it invested in ~1 year. That's as good as it gets. As for... login to read the rest view available tags
4	member 1/17/12 4:42PM RE: business model 2
The life cycle of a fiber project and who owns the fiber depends on each project. In Alberta, the government paid the cost of Axia's fiber buildout, and therefore, they own the fiber. The government... login to read the rest view available tags
2	member 1/17/12 2:27PM business model
Rearden, would you mind expanding on Axia's business model? Some specific questions I have are: Whatis the life cycle of a fiber optic project, and who owns the assets when that project is completed? Why does the... login to read the rest view available tags
1	member 1/17/12 1:03PM Quick correction
In the rush to post the idea, we missed the line on corporate SG&A in the above table. Corporate SG&A runs at $7m a year. So the total pre-tax income range in the above table... login to read the rest view available tags

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			2016	2017
Price:	6.97	EPS	0.87	1.02
Shares Out. (in M):	124	P/E	8.0	6.8
Market Cap (in $M):	864	P/FCF	11	7
Net Debt (in $M):	563	EBIT	193	223
TEV (in $M):	1,427	TEV/EBIT	7.4	6.4

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