Commander Australia Limited
- Commander Australia Limited
Commander Australia Limited (ASX: CDR) is an Australian telecommunications company formed from a spin-off of Telstra Corporation. At one point in its history, it boasted revenues of over AUD $1 billion. On Friday, August 8th, the company announced to its investors and 1300 staff that it was place under Administrative receivership, owing $360 million to the Westpac, Commonwealth and ANZ. [bank] s. [cite news |first=Tony |last=Boyd|title=Banks hang up on Commander|url=http://www.businessspectator.com.au/bs.nsf/Article/Banks-hang-up-on-Commander-HDRCB?OpenDocument |publisher=The Business Speculator |date=2008-08-11 |accessdate=2008-08-11]
Share Price
Since May 2007 where commanders share price was sitting at $2.45 on the ASX, it's share price has fallen to 8.2c at the time it went into administration. On the 1st October 2007 the company was put into suspension from official quotation by the ASX due to Commanders failure to lodge reports to the ASX by the deadline. This effectively froze the value at 53c per share. On the 18th of October 2007 the company reinstated official quotation, within hours the share price halved.
On the 30th of January commander made 600 staff redundant. [cite news title=Commander cuts 600 staff in business review
url=http://www.arnnet.com.au/index.php/id;617195624
publisher=ARN
date=2008-30-01] This increased it's share price by 10%. However this share price was short lived, with the price back down to 19c within hours.
The share price did not recover and at time the company went into administration the share price was sitting at 8.2c [cite title=CDR Company Announcments
url=http://www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&issuerCode=cdr&timeFrameSearchType=Y&year=2008
publisher=ASX]
External Links
* [http://www.commander.com/ Company Website]
Notes
Wikimedia Foundation.
2010.
Look at other dictionaries:
Commander (disambiguation) — Commander is a military rank. Commander may also refer to: Commanding officer, a military title Commander butterflies, the brush footed butterfly genera Moduza (typical commanders, sometimes included in Limenitis) and the monotypic Euryphurana… … Wikipedia
Commander (song) — Commander … Wikipedia
Australia — /aw strayl yeuh/, n. 1. a continent SE of Asia, between the Indian and the Pacific oceans. 18,438,824; 2,948,366 sq. mi. (7,636,270 sq. km). 2. Commonwealth of, a member of the Commonwealth of Nations, consisting of the federated states and… … Universalium
Australia Day — Anniversary Day redirects here. For the Norfolk Island public holiday, see Bounty Day. Australia Day … Wikipedia
Australia — This article is about the country. For other uses, see Australia (disambiguation). Commonwealth of Australia … Wikipedia
List of Companions of the Order of Australia — This is a list of Companions of the Order of Australia. Name Born Died Notability Awarded[1] Div[2] Notes Abeles, Sir PeterSir Peter Abeles 1924 1999 Tr … Wikipedia
Headquarters Joint Operations Command (Australia) — Infobox Military Unit unit name= Headquarters Joint Operations Command caption= dates= 2004 Present country= Australia allegiance= branch= type= Joint Headquarters size= 550 command structure= Australian Defence Force garrison= Bungendore, NSW… … Wikipedia
Chrysler Australia — is the importer of Chrysler, Jeep and Dodge vehicles for sale in the Australian marketplace. However, there had previously been a Chrysler Australia Ltd which had operated as a vehicle manufacturer in Australia from 1951 until 1980. Contents 1… … Wikipedia
Constitution of Australia — Australia This article is part of a series about the Politics and government of Australia … Wikipedia
Military history of Australia — History of Australia … Wikipedia
