DMX

-shares issued 1.1 bln
-KDDI (Toyota 11%, Kyocera 12%) owns 50%, 2nd largest telco in Japan
-KDDI subscribed at 0.32
-Venture owns 12 %
-CEO Ms Teo has more than 2 mln shares
-NP 5% ,GP 24%
-ROE 3%
-PE 18x nm
-strong balance sheet- cash 137m, Total Assets 362m, Total Liabilities 33m
-NAV $0.39
-trade recievables (more than a year) decreased from 21% Mar'09 to 12% Mar'10
-capital intensive
-chinese govt spearheading the cable market
-low barriers of entry
-no dividend, last one was on 2007
-long term view