NextNation

My Dearest ywt06,



The above table shows what NextNation has done since listing. It's impressive no doubt.

Net margins show some weakness but the growth is impressive!

NextNation is in the mobile gaming industry and here are some latest news posted on its website.

• 2007-04-13 Nextnation signs agreement with Saudi Arabia’s Tawasul Telecom
• 2007-04-13 Mobileklub partners Buena Vista to offer free movie trailers for mobile phones
• 2007-04-02 Ozura Mobile Partners with Zingy Inc. on Mobile Games Distribution
• 2007-03-28 Nextnation Group Maintains Robust Double-Digit Growth
• 2007-03-14 Press Statement in Response to Article in The Edge Daily and The Sun
• 2007-02-28 Video Killed the Radio Star, and Now Aims for Mobile - Nextnation Partners Jinny to Deliver Video Ring Back Tones
• 2007-01-29 Ozura and ChinaByte Partner to Deploy China's First Mobile Gaming Community Supports Mobile Tournament Games
• 2007-01-26 Nextnation Wins 5-year Mobility Technology Contract with the Human Resource Development Foundation of Indonesia
• 2007-01-24 Bright and Positive Year
• 2007-01-11 Ozura Powers DiGi 2188 Space Wars Mobile Mame Tournament for Coca-Cola Ceriakan Peluang Campaign

However, if you do a quarterly table, there are signs of weakness.



* 2007 Q2 cash boosted by 9.272 million due to placement of new shares. *

The biggest concern for me is that NextNation has an issue with its receivables and because of this, one do not really see wealth being generated in the company's cash flows despite its very impressive earnings.

Some other notes.

NextNation did an interim dividend less than 2 months after listing. Interim Dividend

Difficulties in selling its placement shares. March 2006 it announced NEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE EXISTING ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT") and recently in May 2007, have a look at this announcement, NEXTNATION COMMUNICATION BERHAD ("NEXTNATION" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE EXISTING ISSUED AND PAID-UP CAPITAL OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT"). What's happening? So difficult to sell a mere 10% placement? Why?

Lastly, it's long awaited Bonus Issue is finally here. (Bonus plan was announced almost a year ago!)

rgds