MUL multiemedia limited

mul in todays stockwatch "the financial review" 16

  1. 61 Posts.
    Getting lots of Media. When will there next Contract Announcement come!!

    Wednesday Stockwatch: Afternoon Report
    Author: Damien Lynch and James Eyers
    Date: 06/08/2003 00:41:00
    Words: 1336
    Publication: Financial Review
    Section: Equities


    Shares in Multiemedia continued their rise on massive volumes on Wednesday. During the morning, over 150 million shares changed hands and the stock was up 10 per cent to 6.4y. The shares more than doubled on Monday and Tuesday having closed last Friday at 2.6y. Multiemedia was the most traded stock on the ASX on Tuesday, with 500 million shares changing hands - almost two thirds of its total shares on issue. On Monday, the technology company said it had been selected by Transcom, one of the UK's most prominent internet service providers, to provide two-way satellite solutions for Australia and the Pacific Rim. "This is the first of a number of volume agreements expected to be closed in the month of August," it said.

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