National 1 Limited reported sales of A$61.56 million (US$32.68 million) for the fiscal year ending June of 2001. --------------------------------------------------------------------- National 1 Limited currently has 251 employees. With sales of A$61.56 million (US$32.68 million) , this equates to sales of US$130,181 per employee. --------------------------------------------------------------------- Hi Viking yes I do think if they manage to turn the company around in the second half and the acquistions they have done are succesful and they manage to extract the synergies from them--that the directors have stated---this stock could indeed be another Corporate Express. My view.Cheers. ----------------------------------------------------------------- intermediate (ID#: 405583) RE: see previous posts.--NOL.(liquidity) 17/4/02 1:59:45 PM 5056593 « Previous Message Next Message »
Liquidity improving see previous posts---expected to have a better second half) ---------------------------------------------------------------------
Negotiations for a new distribution centre in Adelaide have beencompleted with the new facility at Angle Park anticipated to be fullyoperational during March with a sales capacity of approximately $40 million. -------------------------------------------------------------------- rainbow8 (ID#: 401932) RE: BK?---can I ask what you think?--Rainbow. 17/4/02 11:15:31 PM 5057924 « Previous Message Next Message »
BK what do you think about Nol?-----Intermediate.
------------------------------------------------------------------- spudsandpeas (ID#: 404413) RE:what does bonkers think? Rainbow Nol 17/4/02 11:23:33 PM 5057951 « Previous Message Next Message »
I think if someone were to buy Nol---in the low 30's and put up with at times not very good liquidity and were patient and waited and just tucked them in the draw---that the next time the company reported it would show an improvement from the previous time it reported, which should then be reflected in a resulting capital gain (sector and market conditions not withstanding) in the share price--it's immediate trend (share wise) I'd regard as unimportant (certainly with todays big trade--it has raised a few eyebrows)--I am thinking in terms of a month or two. Looks good Rainbow,Cheers,--BK. ------------------------------------------------------------------ progreeively realised second half 22/5/2002. ilrobbinrosso 22/5/02 4:08:03 PM progressively/realised/second half/27/11/2001. ilrobbinrosso 20/5/02 1:54:32 PM progressively/realised/second half/27/11/2001. ilrobbinrosso 19/5/02 5:15:35 AM A lot of speculative risk eps quite low 2nd half ilrobbinrosso 19/5/02 5:03:31 AM opened 1c higher than previous close 17/5/2002 viking116 17/5/02 3:32:28 PM defintely improving---liquidity---rising. viking116 17/5/02 3:25:00 PM
ilrobbinrosso (ID#: 406483) progreeively realised second half 22/5/2002. 22/5/02 4:08:03 PM 5189233 « Previous Message Next Message »
NOL National 1 Limited FPO Total Trades Total Volume Last Trade V.W.A.P* 3 117,200 38 38 * Volume Weighted Average Price Trade Number (s) Time Last Traded Price Volume Change Value Number of Trades 2 - 3 12:06:06 pm 38 115,000 1 $43,700 2 1 10:30:41 am 39 2,200 $858 1
4th Preliminary Final Report (4 parts)
NATIONAL 1 LIMITED 2001-01-15 ASX-SIGNAL-G HOMEX - Perth +++++++++++++++++++++++++ APPENDIX 3B NEW ISSUE ANNOUNCEMENT APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. Introduced 1/7/96. Origin Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000. Name of Entity National 1 Limited ACN or ARBN 088 164 872 We (the entity) give ASX the following information. PART 1 - ALL ISSUES You must complete the relevant sections (attach sheets if there is not enough space). 1. Class of securities issued Unlisted Options or to be issued
2. Number of securities issued 2,600,000 options or to be issued (if known) or maximum number which may be issued 3. Principal terms of the securities Exercisable at 90 cents from (eg, if options, exercise price 0//01/2004 and expiring on and expiry date; if partly paid 31/12/2005 securities, the amount outstanding and due dates for payment; if convertible securities, the conversion price and dates for conversion) 4. Do the securities rank equally yes in all respects from the date of allotment with an existing class of quoted securities If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5. Issue price or consideration Nil 6. Purpose of the issue (if Issued in terms of the issued as consideration for company's Employee Share the acquisition of assets, Option Plan copy of which has clearly identify those been lodged with the Australian assets) Stock Exchange. 7. Dates of entering securities N/A into uncertified holdings or despatch of certificates
NUMBER CLASS 8. Number and class of all 25,117,786 Ordinary shares fully securities quoted on paid ASX (including the securities in clause 2 if applicable) NUMBER CLASS 9. Number and class of all 78,453,642 Ordinary shares fully securities not quoted paid and held in escrow on ASX (including the to 24/10/2002 securities in clause 2 1,925,000 Ordinary shares fully if applicable) paid and held in escrow to 24/10/2001 1,000,000 Options held in escrow 31/10/2002 exercisable at 40 cents each and expiring on 30/06/2005 1,000,000 Options held in escrow to 31/10/2002, exercisable at 45 cents each and expiring on 26/10/2002 500,000 Options exercisable at 50 cents each from 31/12/2002, and expiring on 30/06/2005 2,600,000 Options exercisable at 90 cents each from 01/01/2004 and expiring on 31/12/2005 10.Dividend policy (in the case As per existing shares of a trust, distribution policy) on the increased capital (interests) PART 2 - BONUS ISSUE OR PRO RATA ISSUE Items 11 to 33 are Not Applicable PART 3 - QUOTATION OF SECURITIES You need only complete this section if you are applying for quotation of securities Items 34 to 37 are Not Applicable Entities that have Ticked Box 34 (b) Items 38 to 42 are Not Applicable ALL ENTITIES Fees 43. Payment method (tick one) Cheque attached Electronic payment made Note: Payment may be made electronically if Appendix 3B is given to ASX electronically at the same time.
Periodic payment as agreed with the home branch has been arranged Note: Arrangements can be made for employee incentive schemes that involve frequent issues of securities. QUOTATION AGREEMENT 1. Quotation of our additional securities is in ASX's absolute discretion. ASX may quote the securities on any conditions it decides.2. We warrant to ASX that the issue of the securities to be quote d complies with the law and is not for an illegal purpose, and that there is no reason why those securities should not be granted quotation. We warrant to ASX that an offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) of the Corporations Law. 3. We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4. We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before quotation of the securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. J Burness COMPANY SECRETARY 12/01/2001 NATIONAL 1 LIMITED 2001-11-27 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++ It is pleasing to welcome shareholders, staff and guests to the second annual general meeting of the company, but the first as a listed public company.
The year ended 30th June 2001 has been an exciting, challenging and extremely busy year.
On the 27th October, last year, National 1 became listed on the Australian Stock Exchange following an $8 million capital raising. This capital raising enabled the company to settle the outstanding purchase consideration for the Western Australian and new south wales businesses, complete the purchase of the Victorian business and to reduce bank debt.
Within weeks of the ASX listing the company experienced a surge in interest from potential new large national clients and it very quickly became clear that the anticipated growth path for National 1 would differ from that originally envisaged with a significant number of new business opportunities being presented to the company.
A number of business acquisition opportunities which together with rapidly growing interest from potential new national corporate and government clients brought significant challenges to our small but rapidly growing company.
These challenges were accepted by management with enthusiasm and energy. They did, however place management undersignificant pressure throughout the year.
In November 2000, National 1 successfully absorbed the business of B G Price in New South Wales.
This was followed by the purchase in March 2001 of Sinclair Halvorsen, which was Australia's largest privately owned specialist supplier of sophisticated coffee, tea and canteen products to the corporate market.
At this time the company completed a $33 million capital raising which enabled National 1 to complete the purchase of Sinclair Halvorsen, reduce bank debt to zero and provide the funds for the subsequent acquisitions in July 2001 of the National 1 alliance businesses in South Australia and Tasmania plus the independently owned Tasmanian business of island stationery.
All of this took place at a time when the company was being invited to tender for a rapidly growing list of new national corporate clients and with our distribution facilities in Sydney and Melbourne being stretched to capacity.
Yourdirectors and the company's management were faced with the issues of rapid growth and escalating demand for the company's services which substantially stretched management and distribution facilities.
The company's Western Australian operation was moved to this new Belmont facility in June 2001 and in July we opened a new distribution centre in Canberra.
In July we acquired the Victorian businesses of Palladium School Supplies Pty Ltd and B W Distributors Pty Ltd.
The search for suitable new distribution centres in Sydney and Melbourne began in November of last year with the need to secure facilities that would meet the service requirements of our major national clients and provide the capacity to meet our anticipated continued growth.
The Victorian operations have been progressively moved since September to a new distribution centre ideally located in port Melbourne. The move will be completed next month with the exception of the transfer of palladium school supplies and B W Distributors, which will not take place until March of next year. The new Melbourne facility should provide the company with ample capacity for many years ahead.
in October, we commenced the progressive transfer of our Sydney operations to a new distribution centre at Rydalmere. Again this transfer is expected to be completed by the end of next month.
Distribution centres in Tasmania at Hobart and Launceston have been rationalised and negotiations for a new centre in Adelaide are nearing completion.
As several of our national corporate clients have operations in New Zealand, we have recently arranged distribution capacity in New Zealand.
We completed the final year to 30th June 2001 with total sales revenue of $61.5 million and earnings before interest, taxation, depreciation and amortisation of $2.9 million and a net profit after income tax of $397,000 after the deduction of $881,000 for the amortisation of intangibles.
Whilst profits for the year were well short of our original prospectus forecasts, your board of directors believes that the decisions taken to pursue the growth opportunities presented to the company will prove to be significantly beneficial in the future.
As announced to the Australian Stock Exchange on 4th September 2001, National 1 Ltd anticipates sales revenue for the 2001/2002 financial year to more than double to in excess of $130 million.
Our business is one of large sales revenues at relatively low margins spread over distribution infrastructure locations throughout the country. Economies of scale at each location therefore will drive performance to the bottom line.
With the significant costs associated with absorbing and rationalising the business acquisitions and the investment in new distribution centres already described we are budgeting for revenue of approximately $60 million and EBITDA (earnings before interest, taxation, depreciation and amortisation) of approximately $0.5 million for the first half with the benefits of our achievements to date being progressively realised in the second half.
As you can see, National 1 has grown from a company with only one business and distribution centre two years ago with a turnover in the order of $20 million to a national organisation which now has eight distribution centres, has absorbed nine business acquisitions and is moving to anticipated sales revenue for this year in excess of $130 million. Most of this growth has taken place in the last twelve months.
In closing I would like to thank all the employees of National 1 for their work throughout the year with particular thanks to our senior executives who have shouldered an immense work load with great commitment enthusiasm and energy.