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CELLNET GROUP LIMITED (CLT)

CELLNET GROUP LIMITED (CLT)

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General Information
Company Name: Cellnet Group Limited
Stock Code: CLT
Website: www.cellnet.com.au
GICS Sub-Industry: Electronic Equipment & Instruments
Market Cap ($M): 14
Equiv. Shares (M): 58

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.250 $ 0.000 $ 0.000 $ 0.000 $ 0.250 0 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 13th Apr 2007
12 Month Target Price (average): $1.33
Brokers Surveyed: 1

Company Overview

Business Description:
Cellnet Group Limited (CLT) is a market distributor of telecommunications, flash memory and retail products in Australia and New Zealand. CLT distributes products directly to retailers, mass merchants, consultants, system integrators and value added resellers, who are directly involved in the Telecommunications, Retail and IT industries. CLT has distribution and sales facilities across Australia and New Zealand.

Strategy Analysis:
CLT's strategy consists of expanding its presence into new and associated market segments that will provide synergy across its current infrastructure in order to maximise sales and profit. This strategy was highlighted by the launch in June 2004 of the new Consumer Products division, which secured a contract to distribute Sony Audio accessories to the Australian retail market. Through this new division, Cellnet will continue to target new distribution opportunities for audio visual products, both manufacturer and Cellnet-branded. Organic growth is contingent upon CLT's ability to lock in exclusive long-term relationships with current vendor partners, as proven by the recent Samsung master distribution partner agreement. In May 2005 CLT announced that it had secured a new IT distribution contract with Toshiba Australia. In December 2004 the company advised it had secured a new IT distribution contract with Acer New Zealand.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 1.0 1.6 -15.8 22.3 2.0 5.8 100.0
2010  A 1.5 1.9 -- 15.3 0.0 0.0 --
2009  A -15.8 -20.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Cellnet Group (CLT) $14 M -0.2010 -- -- 16.1290 -- -- 0.0800 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CLT 3.00 16.1 0.51 -- 0.23
Market 1.12 11.1 0.96 2.31 2.55
Sector 1.02 13.0 0.93 1.33 0.24

Directors
Name Position Start Date
Mr Walter Stuart Macmillan Smith Managing Director,Company Secretary 28 October 2009
Mr Mel Ashley Max Brookman Non-Executive Director 04 June 1992
Mr Alexander Damien Harry Beard Non-Executive Director,Non-Executive Chairman 15 December 2006

Management
Name Position
Christopher Barnes Company Secretary
E. Schillinger General Manager Memory Sales
J. Phua General Manager Product Development & Supply Chain
M. Wallace General Manager Retail Sales
B. Watts Logistics Manager

Substantial Shareholders
Holding Name
3,360,000 (5.49%) Bywater Investments Limited
28,472,046 (46.50%) CVC Limited
4,294,300 (7.01%) Leagou Funds Management Pty Limited

Calendar of Events
Date Event
07 February 2013 Report (Interim)
17 October 2012 Report (Annual)
24 August 2012 Report (Prelim)
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