Summary of report by Gordon Capital, April 2006:
SPECULATIVE INVESTMENT: With a simple but compelling value
proposition, IceTV is a growth story leveraged to the enormous changes
underway in home entertainment in Australia.
INVESTMENT HIGHLIGHTS
- IceTV owns and operates Australia's only free-to-air,
subscription-based electronic
program guide (EPG). Its value proposition is very
straightforward; the EPG enables
the simple and effective use of the new wave of home
entertainment digital
recording devices, including DVRs and PC based Media Centres.
- With its EPG, IceTV is creating a gateway to a new home
entertainment paradigm
that will open up, in the future, a potentially vast source of
television content
through the internet, and independent of commercial television
broadcasters.
- IceTV is highly leveraged to the next wave of home
entertainment, digital-recording
devices, which is being driven by the high levels of demand for
large, widescreen
plasma and LCD televisions.
- The demand wave will accelerate over the next few years as
Australia's 17 million
television receivers are converted from analogue to digital
reaching a peak when the
analogue signal is turned off in 2010.
- The company is expected to reach breakeven by mid-2007. The
subscriber base is
expected to grow rapidly as the functionality of the EPG
increases, as alternative
content sources emerge and as the penetration of DVRs and PC
based Media Centres
builds.
How to Invest
All applicants should read the Prospectus (which includes Supplementary Prospectuses) carefully and in its entirety before deciding to invest.
How to apply for shares online
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