**** kaz - rising on heavy volume, any news

  1. 346 Posts.
    Check your charts, looks good for another push up. I would be interested in whether any one has heard any latest developments.


    Last results show some good signs (see below), bear in mind the stock actually pays Divs and is trading only near ther Net Asset Value which is cheap for IT based Cos.. I don't suspect a takeover offer, but possible re-rating?

    P.s. Ideas wanted. thanks. My last pick Tripled in 2 days EMS form about 2 weeks ago



    KAZ GROUP LIMITED 2003-03-06 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE

    CURRENT PREVIOUS
    PERIOD CORRESPONDING
    PERIOD
    AUD000 AUD000

    1.1 Revenues from ordinary activities
    (see items 1.23 - 1.25) 185,140 106,321

    1.2 Expenses from ordinary activities
    (see items 1.26 + 1.27) (176,024) (92,065)

    1.3 Borrowing costs (1,809) (695)

    1.4 Share of net profit (losses) of
    associates and joint venture
    entities (see item 16.7) - (63)

    1.5 Profit (loss) from ordinary
    activities before tax 7,307 13,498

    1.6 Income tax on ordinary
    activities (see note 4) (4,393) (4,909)

    1.7 Profit (loss) from ordinary
    activities after tax 2,914 8,589

    1.8 Profit (loss) from extraordinary
    items after tax (see item 2.5) - -

    1.9 Net profit (loss) 2,914 8,589

    1.10 Net profit (loss) attributable to
    outside equity interests (208) -

    1.11 Net profit (loss) for the period
    attributable to members 3,122 8,589

    NON-OWNER TRANSACTION CHANGES IN EQUITY

    1.12 Increase (decrease) in revaluation
    reserves - -

    1.13 Net exchange differences recognised
    in equity - -

    1.14 Other revenue, expense and initial
    adjustments recognised directly in
    equity (attach details) - -

    1.15 Initial adjustments from UIG transitional
    provisions - -

    1.16 Total transactions and adjustments
    recognised directly in equity
    (items 1.12 to 1.15) 0 0

    1.17 Total changes in equity not resulting
    from transactions with owners as
    owners 3,122 8,589


    EARNINGS PER SECURITY (EPS)
    CURRENT PREVIOUS
    PERIOD CORRESPONDING
    PERIOD
    1.18 Basic EPS 0.39 c 1.44 c

    1.19 Diluted EPS 0.38 c 1.42 c


    NOTES TO THE CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL PERFORMANCE
    PROFIT (LOSS) FROM ORDINARY ACTIVITIES ATTRIBUTABLE TO MEMBERS

    CURRENT PREVIOUS
    PERIOD CORRESPONDING
    PERIOD
    1.20 Profit (loss) from ordinary
    activities after tax (item 1.7) 2,914 8,589

    1.21 Less (plus) outside equity interests (208) -

    1.22 Profit (loss) from ordinary activities
    after tax attributable to members 3,122 8,589


    REVENUE AND EXPENSES FROM ORDINARY ACTIVITIES
    (see note 15)
    CURRENT PREVIOUS
    PERIOD CORRESPONDING
    PERIOD
    1.23 Revenue from sales or service 183,881 105,820

    1.24 Interest revenue 1,259 501

    1.25 Other relevant revenue

    - -

    1.26 Details of relevant expenses

    Cost of goods sold (32,504) (11,311)
    Employee benefits expense (101,080) (50,836)
    Direct contract expenses (14,265) (10,851)
    Premises expenses (5,371) (3,773)
    Other expenses from ordinary activities (10,580) (9,117)
    Amortisation of intangibles (7,609) (2,808)

    1.27 Depreciation and amortisation excluding
    amortisation of intangibles (4,615) (3,369)
    (see item 2.3)

    CAPITALISED OUTLAYS

    1.28 Interest capitalised in asset values - -

    1.29 Outlays capitalised in intangibles - -
    (unless arising from an acquisition
    of a business)


    CONSOLIDATED RETAINED PROFITS

    1.30 Retained profits (accumulated losses)
    at the beginning of the financial
    period 20,357 11,838

    1.31 Net profit (loss) attributable to
    members (item 1.11) 3,122 8,589

    1.32 Net transfers from (to) reserves - -

    1.33 Net effect of changes in accounting
    policies - -

    1.34 Dividends and other equity distributions
    paid or payable (3,364) (16)

    1.35 Retained profits (accumulated losses)
    at end of financial period 20,115 20,411



    INTANGIBLE AND EXTRAORDINARY ITEMS

    Consolidated - current period

    Before Related Related Amount
    tax tax outside (after
    equity tax)
    interests attributable
    to members

    AUD000 AUD000 AUD000 AUD000

    2.1 Amortisation of
    goodwill 6,958 - - 6,958

    2.2 Amortisation of
    other intangibles 651 - - 651

    2.3 Total amortisation
    of intangibles 7,609 0 0 7,609

    2.4 Extraordinary items - - - -
    (details)

    2.5 Total extraordinary
    items 0 0 0 0


    COMPARISON OF HALF YEAR PROFITS Current Previous
    (Preliminary final report only) year year
    AUD000 AUD000
    3.1 Consolidated profit (loss) from
    ordinary activities after tax
    attributable to members reported
    for the 1st half year (item 1.22
    in the half yearly report) - -

    3.2 Consolidated profit (loss)
    from ordinary activities after tax
    attributable to members for the 2nd
    half year - -


    CONSOLIDATED BALANCE SHEET
    As shown
    At end of in last As in last
    current annual half yearly
    period report report
    AUD000 AUD000 AUD000
    CURRENT ASSETS
    4.1 Cash 39,816 57,755 18,368
    4.2 Receivables 58,161 64,199 43,725
    4.3 Investments - - -
    4.4 Inventories 3,298 2,001 913
    4.5 Tax assets 4,006 3,389 -
    4.6 Other (provide details
    if material) 2,281 2,215 2,289

    4.7 Total current assets 107,562 129,559 65,295

    NON-CURRENT ASSETS
    4.8 Receivables 1,453 2,513 1,746
    4.9 Investments (equity
    accounted) - - -
    4.10 Other investments 1,046 2,157 3,459
    4.11 Inventories - - -
    4.12 Exploration and evaluation
    expenditure capitalised
    (see para.71 of AASB 1022) - - -
    4.13 Development properties
    (mining entities) - - -
    4.14 Other property, plant and
    equipment (net) 25,180 25,813 20,301
    4.15 Intangibles (net) 274,079 263,996 94,793
    4.16 Tax assets 7,964 7,327 4,215
    4.17 Other (provide details if
    material) 1,877 1,715 2,073

    4.18 Total non-current assets 311,599 303,521 126,587

    4.19 TOTAL ASSETS 419,161 433,080 191,882

    CURRENT LIABILITIES
    4.20 Payables 41,547 48,241 21,399
    4.21 Interest bearing
    liabilities 5,987 9,309 3,528
    4.22 Tax liabilities 3,411 6,868 6,313
    4.23 Provisions exc tax
    liabilities 14,080 14,904 6,434
    4.24 Other (provide details if
    material) - - 7,500

    4.25 Total current liabilities 65,025 79,322 45,174

    NON-CURRENT LIABILITIES
    4.26 Payables - - -
    4.27 Interest bearing
    liabilities 48,147 48,191 15,419
    4.28 Tax liabilities 690 914 1,039
    4.29 Provisions exc tax
    liabilities 4,100 4,000 2,093
    4.30 Other (provide details if
    material) - - -

    4.31 Total non-current
    liabilities 52,937 53,105 18,551

    4.32 TOTAL LIABILITIES 117,962 132,427 63,725

    4.33 NET ASSETS 301,199 300,653 128,157

    EQUITY
    4.34 Capital/contributed equity 279,917 279,797 107,198
    4.35 Reserves 493 519 548
    4.36 Retained profits
    (accumulated losses) 20,115 20,357 20,411

    4.37 Equity attributable to
    members of the parent
    entity 300,525 300,673 128,157
    4.38 Outside equity interests in
    controlled entities 674 (20) -

    4.39 Total equity 301,199 300,653 128,157

    4.40 Preference capital included
    as part of 4.37 - - -

    NOTES TO THE CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

    EXPLORATION AND EVALUATION EXPENDITURE CAPITALISED
    (To be completed only by entities with mining interests if amounts are
    material. Include all expenditure incurred.)
    Current Previous
    period corresponding
    period
    AUD000 AUD000

    5.1 Opening balance - -

    5.2 Expenditure incurred
    during current period - -

    5.3 Expenditure written off
    during current period - -

    5.4 Acquisitions, disposals,
    revaluation increments, etc. - -

    5.5 Expenditure transferred to
    Development Properties - -

    5.6 Closing balance as shown in
    the consolidated balance sheet
    (item 4.12) 0 0


    DEVELOPMENT PROPERTIES
    (To be completed only by entities with mining interests if amounts
    are material)
    Current Previous
    period corresponding
    period
    AUD000 AUD000

    6.1 Opening balance - -

    6.2 Expenditure incurred
    during current period - -

    6.3 Expenditure transferred from
    exploration and evaluation - -

    6.4 Expenditure written off
    during current period - -

    6.5 Acquisitions, disposals,
    revaluation increments, etc. - -

    6.6 Expenditure transferred to
    mine properties - -

    6.7 Closing balance as shown in
    the consolidated balance sheet
    (item 4.13) 0 0


    CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

    Current Previous
    period corresponding
    period
    AUD000 AUD000
    CASH FLOWS RELATED TO OPERATING ACTIVITIES

    7.1 Receipts from customers 205,923 117,828

    7.2 Payments to suppliers and
    employees (184,244) (105,099)

    7.3 Dividends received from
    associates - -

    7.4 Other dividends received - -

    7.5 Interest and other items
    of similar nature received 1,259 501

    7.6 Interest and other costs of
    finance paid (1,809) (695)

    7.7 Income taxes paid (9,053) (3,738)

    7.8 Other (provide details if material) - -

    7.9 Net operating cash flows 12,076 8,797

    CASH FLOWS RELATED TO INVESTING ACTIVITIES

    7.10 Payment for purchases of property,
    plant and equipment (3,952) (7,315)

    7.11 Proceeds from sale of property, plant
    and equipment 15 269

    7.12 Payment for purchases of equity
    investments (6,742) (3,708)

    7.13 Proceeds from sale of equity
    investments - -

    7.14 Loans to other entities (7,412) -

    7.15 Loans repaid by other entities - -

    7.16 Other (provide details if material) (520) (81)

    7.17 Net investing cash flows (18,611) (10,835)

    CASH FLOWS RELATED TO FINANCING ACTIVITIES

    7.18 Proceeds from issues of securities
    (shares, options, etc.) 198 468

    7.19 Proceeds from borrowings 880 -

    7.20 Repayment of borrowings (7,298) (1,673)

    7.21 Dividends paid (2,977) (1,935)

    7.22 Other (provide details if material) (2,207) -

    7.23 Net Financing Cash Flows (11,404) (3,140)

    7.24 NET INCREASE (DECREASE) IN CASH HELD (17,939) (5,178)

    7.25 Cash at beginning of period 57,755 23,546
    (see Reconciliation of cash)

    7.26 Exchange rate adjustments to item
    7.25 - -

    7.27 Cash at end of period
    (see Reconciliation of cash) 39,816 18,368


    NON-CASH FINANCING AND INVESTING ACTIVITIES
    Details of financing and investing transactions which have had a
    material effect on consolidated assets and liabilities but did not
    involve cash flows are as follows. If an amount is quantified, show
    comparative amount.

    DURING THE HALF-YEAR:

    * The Company issued 5,430,000 ordinary shares at an issue price of
    $0.29 in respect of the acquisition of Aspect Computing Pty Limited.
    This represents a portion of consideration recognised in the 30 June
    2002 financial year.

    * The Company satisfied dividends amounting to $386,000 by the issue
    of shares under the KAZ Dividend Reinvestment Plan.

    DURING THE PRIOR HALF-YEAR:

    * The Company issued 570,000 shares in respect of Change Management
    options exercised which resulted in $520,000 of the share option
    reserve being transferred to contributed capital.

    * The Company paid additional consideration comprising cash and the
    issue of 938,311 ordinary shares at an issue price of $1.41 in
    respect of the acquisition of Fundi Software Pty Limited.

    * The Company issued 1,535,000 ordinary shares at an issue price of
    $1.00 to the underwriter as consideration for costs associated with
    the issue of ordinary shares on acquisition of Australian
    Administration Services Pty Limited and Nexis Pty Limited in the 30
    June 2001 financial year.

    * The economic entity acquired plant and equipment with an aggregate
    fair value of $563,000 by means of finance leases. These acquisitions
    are not reflected in the statement of cash flows.

    * The Company satisfied dividends amounting to $456,000 by the issue
    of shares under the KAZ Dividend Reinvestment Plan.

    RECONCILIATION OF CASH

    Reconciliation of cash at the end of Current Previous
    the period (as shown in the consolidated period corresponding
    statement of cash flows) to the related period
    items in the accounts is as follows. AUD000 AUD000

    8.1 Cash on hand and at bank 14,177 7,540

    8.2 Deposits at call 25,639 10,828

    8.3 Bank overdraft - -

    8.4 Other (provide details) - -

    8.5 Total cash at end of
    period (item 7.27) 39,816 18,368


    OTHER NOTES TO THE CONDENSED FINANCIAL STATEMENTS

    RATIOS Current Previous
    period corresponding
    period
    PROFIT BEFORE TAX / REVENUE
    9.1 Consolidated profit (loss) from
    ordinary activities before tax
    (item 1.5) as a percentage of
    revenue (item 1.1) 3.9 % 12.7 %

    PROFIT AFTER TAX / EQUITY INTERESTS
    9.2 Consolidated net profit (loss) from
    ordinary activities after tax
    attributable to members (item 1.11)
    as a percentage of equity (similarly
    attributable) at the end of the
    period (item 4.37) 1.0 % 6.7 %


    EARNINGS PER SECURITY (EPS) Current Previous
    period corresponding
    period
    10 Details of basic and diluted EPS reported
    seperately in accordance with paragraph 9
    and 18 of AASB 1027: Earnings per Share
    are as follows.



    (a) Reconciliation of earnings to net profit
    or loss
    Net Profit 2,914 8,589
    Net loss attributable to outside
    equity interest 208 -
    Earnings used in calculation of
    basic EPS 3,122 8,589
    Earnings used in calculation of
    dilutive EPS 3,122 8,589

    NUMBER NUMBER

    (b) Weighted average number of ordinary
    shares outstanding during the year
    used in the calculation of basic EPS 800,516,760 596,751,935

    Weighted average number of options
    outstanding 2,431,997 6,026,980

    Weighted average number of contingency
    issuable shares 17,381,172 -

    Weighted average number of ordinary
    shares outstanding during the year
    used in the calculation of dilutive
    EPS 820,329,930 602,778,915




    NTA BACKING Current Previous
    (see note 7) period corresponding
    period
    11.1 Net tangible asset backing
    per ordinary security 3.41 c 5.57 c





 
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