any news for Gpacket for recent mad dropping ?

I think investors are getting worried about stiff competition from other large telcos and Gpacket has yet to show any profitability.


Just my $0.02.

ytl is coming in next mth

i work for telco
and YTL only hv 15 site on air
it is impossible they get real launching at 1th of july
it will only be a paper launch
for my opinion , gpacket should worry abt the UNIFI
coz it make the broadband average price getting lower and lower
but gpacket still haven't finish their base station expansion yet.

In long term competition to YTL, Gpacket might lose 2 street behind in term of money, company background, partnership and many more. I do believe in long run YTL will win the battle and in the end GPACKET company will close business in near future

This post has been edited by ost1007: May 9 2010, 03:09 PM

Actually this should have positive impact on P1 WiMax instead of negative, as the Wimax eco-system is rather weak now. The more players come on board, the better it is for the WiMax eco-system.

They shifted their goalpost again. Now said they will be returning to the black by second half of this year (it should be first half of this year).

yar... they just sign a new contract with ZTE rite ?
abt wimax phase 3 base station installation
contract worth more than 200m
in short term they surely will keep losing
but maxis also losing 2billion during the starting time

if not mistake gpacket is one of the director of wimax forum rite ?
and their wimax biscuit not only end user but also CPE market

---

Added on May 14, 2010, 10:18 pmYTL network screw up last 2 day
and seem like even their inside pro also donno who they shud contact to encounter the problem.
actually i quite shock when i witness it happen.

what a giant .... but operate like a small one man kick company

This post has been edited by rizer: May 14 2010, 10:18 PM

Mind to elaborate more to share with your fellow investors? I'd be interested to know what they have screwed up?

fly fly, gpacket start fly

SK Telecom buys US$100m Packet One stake

SEOUL - SK Telecom, South Korea's top mobile carrier, will invest US$100 million in Malaysian wireless broadband firm Packet One Networks as it seeks overseas expansion in new growth businesses.

SK said in a statement on Thursday it would acquire an about 25 per cent stake in Packet One (P1), a unit of Green Packet Bhd, pending a final contract signing in June.

After seeing little success in its earlier drive to directly enter the mobile business in the United States and China, SK Telecom is shifting focus to business-to-business network services and seeking alliances with Asian operators to tap corporate clients in the region.

Earlier this month the firm agreed to set up a joint venture with Indonesia's biggest phone company PT Telekomunikasi Indonesia, which pioneered mobile WiMAX broadband service in Malaysia, had 175,000 subscribers as of end-March, according to SK.

DBS Bank was the exclusive financial advisor to SK Telecom on the deal.

Shares in SK Telecom were up 0.32 per cent versus the broader market's 0.42 per cent gain as of 0105 GMT. -- REUTERS


Mean P1 worth USD 400m now...

Gpacket is in play. Future looks bright as Wimax phones and laptops will be launching this year. Talked to my bro in the US yesterday and he said Wimax is available everywhere ...even in Hawaii!

I always like to gauge a CEO or MD by what they say in the press.

For example, let's take the case of Green Packet.

On today's Edge Financial Daily: Green Packet’s target to be Ebitda positive may be delayed


* Green Packet Bhd’s target to turn earnings before interest, tax, depreciation and amortisation (Ebitda) positive by year-end may be delayed to next year following South Korea’s SK Telecom buying a 25.8% stake in its subsidiary and WiMAX arm, Packet One Networks (Malaysia) Sdn Bhd (P1), for US$100 million (RM325 million).

“We were targeting for Ebitda to break even and turn positive by end of 2010, but after discussions with our new partner (SK Telecom), we are going to be more aggressive this year in expanding our network, advertising and gaining subscriber base,” said Green Packet group managing director C C Puan after the signing ceremony to seal the alliance between P1 and SK Telecom here yesterday.P1 CEO Michael Lai said the new target was also dependent on the subscribers gained and the average revenue per user (ARPU) by next year.

Firstly, it's strange to see current day MD and CEO talks about EBITDA.

Comeon... what's good is the earnings before interest, tax, depreciation and amortisation (Ebitda) to the minority shareholder?

Common sense question? What about tax? Tax no need to pay? Depreciation and amortisation is not required?

Comeon.. no need twist and turn and no need to insult the minority shareholder's intelligence. Just tell us the net earnings. Yeah, where is ze moola? Just show us the moola!!!

That's all the minority shareholders is interested in.

And EBITDA positive. So that's their plan.

Anyway... let's indulge with this six letter word and let's put away ze brains for a moment and pretend and yeah, let's imagine that EBITDA is the holy grail and it is so, so so important. Ok?

Anyway what do we have? Iin today's news article, Green Packet says their plans to be EBITDA positive has to be postpone to next year.

Let's travel back to time. Hehe.. back to the past.

Feb 2008. Green Packet aims to regain sales momentum after weaker year

* Managing director Puan Chan Cheong said that in terms of profitability, the company's solution business ought to contribute "good double-digit" net profit growth this year, while its WiMAX business will still be in "investment mode".

"Nevertheless, we expect the WiMAX business to be ebitda (earnings before interest, taxes, depreciation and amortisation ) break-even this year," he told the media in Kuala Lumpur yesterday.

That was the promise made in Feb 2008. Star Business carried an even more bolder version: Green Packet sees 100% growth in revenue this year

* KUALA LUMPUR: Green Packet Bhd, which reported 24% higher revenue of RM122.84mil for the year ended Dec 31 (FY07), expects a 100% growth in revenue this year as its diversification plans start to bear fruit. Group managing director and chief executive officer Puan Chan Cheong was confident of the “achievable” target, as the company had diversified its markets to cushion the impact of a slowdown in any one region.

ps: He was talking about REVENUE growth and not earnings growth..

May 2008: WiMAX major earner for Green Packet

* “For all three phases, we will require funding of about RM700mil. Once the network is commercialised, we are targeting to reach EBITDA positive by the end of next year,'' said Puan.

May 2008: EBITDA positive by end of next year.

7 Feb 2009: Green Packet set for a comeback

* Despite the heavy capital expenditure required for the rollout of WiMAX, Puan expects earnings before interest, tax, depreciation and amortisation (EBITDA) of Green Packet’s service pillar to turn positive by year-end.

Feb 2009: EBITDA positive by year end.

May 2009, Green Packer losses increased by SEVEN FOLDS!

On Business Times. Green Packet Q1 loss widens on broadband rollout cost

* GREEN Packet Bhd, a company that develops telecommunication solutions and offers wireless broadband services, said its first- quarter net loss widened more than sevenfold despite higher revenue, due to the cost of rolling out its wireless broadband services.

Yeah.. see how pointless it is to talk about REVENUE growth! What's good is it to have higher revenue growth when the losses widens more?

* "By the end of this year, P1 would be Ebitda (earnings before interest, tax, depreciation and amortisation) break-even and will be cashflow positive from next year," said Puan

Aha... May 2009, boss said EBITDA will break-even from next year.

Ahem.. EBITDA will break even from next year.

12 Feb 2010: GPacket Q4 loss up on higher cost

* Puan concurred that the group could return to positive EBITDA in the second half of this year.This would be achieved through additional customers for its international devices as well as connection management solutions business, besides more than doubling its WiMAX current network infrastructure and subsciber base this year.Green Packet expects to spend RM250mil to double network sites from 650 currently.Its subscriber base is also expected to more than double by the year-end from 140,000 as at the fourth quarter of last year.

12 Feb 2010, EBITDA positive in the second half of this year.

And recently, May 14th. Green Packet believes worst is behind it

* Although the firm's first quarter net loss expanded to RM44 million, from RM22 million in the same period last year, the company remained optimistic that it will be able to achieve an Ebitda (earnings before interest, tax, depreciation and ammortisation) break even by the end of this year.For the first quarter ended March 31 this year, it posted a narrower Ebitda loss of RM29.8 million, an improvement from a loss of RM56.2 million in the fourth quarter of last year."These are planned losses, as we need to invest heavily to roll out our broadband coverage. In the second quarter of 2010, we expect (Ebitda) losses to be narrower, and by the end of this year, we will break even," said group chief executive officer Puan Chan Cheong after its media briefing in Petaling Jaya yesterday.Puan attributed the improvements in remaining quarters to its growing broadband subscriber base, as well as expansion in coverage.

May 2010, still say EBITDA positive by end of the year.

Now 30 June 2010. The EBITDA plan is delayed to next year!

How?

And in the meantime, since not EBITDA positive, the losses keeps coming for Green Packet!

So how exactly would you gauge the boss?

And do you want to hear him utter this six letter word... E-B-I-T-D-A again????

Seriously, don't you think it's much better that the company just deliver the result than to make such statements to the investing public?

Doncha?

http://whereiszemoola.blogspot.com/2010/06...ing-ebitda.html

Greenpacket a never ending story of road to positve EBITDA. Remind me of the story of the little boy who cried wolf too many times! Target price to drop to 20 sen in early 2011, cos of too many broken promises and lies. 10 consecutive quarters of losses and still keep on lying.

lol they keep giving stupid excuses this and that. But I wonder why there is private placement few months back hmm

nobody on the street ever want to subscribe P1WIMAX given the lackluster wireless performance.

how would you expect P1 will turn to positive EDITDA?

NEVER EVER!

Only the stupid korean company don't know the behind scene then only blindly bought into 25.8% in P1.

OSK is one of the biggest shareholder in Gpacket. That's why all the time the remisier keep telling ppl "ehh. Gpacket is soon up to RM1.30 la. faster buy...". Been hearing the same story from my OSK remisier since 3 months back.

This post has been edited by cloud9_lee: Aug 19 2010, 01:22 AM

Looks like Sk Telecom may have to buy out Puan Chan and his gang b4 they can return to profitability. Product is lousy so when can profit be expected!

Have you tried their product? They advertised "potong" but I have second thoughts about them. I am afraid after I potong my Celcom broadband, I would get speed that is even worse.

Even their TP also illogical. My friend also keep insisting of me to wait till RM1.30 but then I don't see it hitting so I rather take profit each time it crosses the RM1 mark then wait till it drops back