View the complete news archive here

October 18, 2008

ASX Digital Media Watch 5

NoMoney_fs.jpg

Has it been 3 months since we last checked in on listed digital stocks? I think it has.

Let's take a look at where the Australian stocks were in July 5th, 2008.

SGN: STW COMMUNICATIONS: $1.47
HYO: Hyro: $0.046
BLU: Blue Freeway: $0.069
CQU: Commquest: $0.175
QXQ: Q Limited: $0.015
MCU: Mitchell Communication Group: $0.55

Let's see where everyone is now. While recession talks are escalating digital is seen as the one area which wont be hit as hard. But the stink of recession has eroded confidence in everyone.

As of October 17, 2008

SGN: STW COMMUNICATIONS: $0.89 ($0.58)
HYO: Hyro: $0.022 ($0.024)
BLU: Blue Freeway: $0.060 ($0.009)
CQU: Commquest: $0.090 ($0.085)
QXQ: Q Limited: $0.009 ($0.006)
MCU: Mitchell Communication Group: $0.425 ($0.125)

Ouch another tough few months and it wont get better quickly. I'm no expert but when your share price isn't even 1c you have to wonder how it can be valued?

What I do find funny as that prices slump while charts like the one below are shown to try and boost investors confidence. These type of graphs are pure fluff. What this doesn't show if that the money isn't going to them. It's going elsewhere.

adspend_up.jpg

If companies get as creative with actual client briefs as they do with their accounts and investor relations then they might see a turn around. However I know when I have someone else money I treat it differently too.

Full Disclosure: I am not a registered anything to do with the financial system. I also run an independent digital agency and It's in my morbid interest to follow and kick these listed entities. I also previously worked at Hyro and was stiffed a large sum of money when they initially went into receivership back in 2000/2001. I also personally dislike the name Commquest purly on the fact it sounds lame.



 

Recent Comments

Powered by Disqus
Awards (58)
B&T Top 5 (2)
BB News (67)
Blatant Self Promotion (23)
Books (1)
Buzz Words (9)
Campaigns (58)
Cannes 2008 (2)
Employment Opportunities (3)
Illustration (1)
Industry News (80)
Interesting Articles (95)
Interesting Promotions (137)
Media Gaffes (23)
Newsletter (5)
Online Applications (7)
Production (5)
Site Launch (48)
Technology (27)
Top 10 Banners (1)
Viral (107)
fun (13)
June 2012 (1)
April 2012 (1)
February 2012 (1)
January 2012 (1)
November 2011 (1)
October 2011 (1)
July 2011 (1)
May 2011 (2)
April 2011 (1)
March 2011 (5)
February 2011 (2)
January 2011 (4)
December 2010 (3)
November 2010 (4)
October 2010 (4)
September 2010 (3)
August 2010 (8)
July 2010 (8)
June 2010 (3)
May 2010 (4)
April 2010 (4)
March 2010 (6)
February 2010 (7)
January 2010 (7)
December 2009 (7)
November 2009 (3)
October 2009 (5)
September 2009 (4)
August 2009 (6)
July 2009 (4)
June 2009 (6)
May 2009 (11)
April 2009 (11)
March 2009 (13)
February 2009 (23)
January 2009 (37)
December 2008 (24)
November 2008 (16)
October 2008 (36)
September 2008 (26)
August 2008 (9)
July 2008 (11)
June 2008 (9)
May 2008 (11)
April 2008 (9)
March 2008 (13)
February 2008 (23)
January 2008 (18)
December 2007 (15)
November 2007 (11)
October 2007 (12)
September 2007 (9)
August 2007 (12)
July 2007 (19)
June 2007 (11)
May 2007 (11)
April 2007 (24)
March 2007 (23)
February 2007 (11)
January 2007 (6)
December 2006 (10)
November 2006 (15)
October 2006 (15)
September 2006 (17)
August 2006 (20)
July 2006 (8)
June 2006 (12)
May 2006 (13)
April 2006 (4)
March 2006 (17)
February 2006 (14)
January 2006 (7)
December 2005 (8)
November 2005 (3)
October 2005 (5)
September 2005 (5)