beal aerospace was a launch vehicle development company , founded in february 1997 by andrew beal , president of beal bank in dallas , texas .

the goal of the company was to build and operate a privately developed heavy lift orbital launch vehicle .

it ceased operations on october 23 , 2000 .

beal aerospace

beal aerospace regrets to announce that it is ceasing all business operations effective october 23 , 2000 .
according to beal aerospace , there was no greater roadblock than the u . s . government .
even more problematic was venezuela , which claimed ownership over the swampland beal aerospace was to lease .
daily analysis on technology advances impacting the global aviation , aerospace & defense industries .
beal aerospace is 100 percent privately financed with a commitment of many hundreds of millions of dollars from mr . beal . the company is breaking the mold of traditional aerospace companies , which typically develop products using government funds to meet government needs .
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andy beal is the founder and chairman of beal bank and beal bank usa as well as other affiliated companies .
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beal aerospace developing
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it ' s hard to say for sure what beal was thinking when he founded his aerospace company , and he isn ' t saying . since the collapse of beal aerospace , the founder hasn ' t granted any media interviews . his last public communication was the two - page eulogy for his aerospace company . access to his defunct company is forthcoming , but access to the man himself is denied .
both beal bank and beal bank nevada are subsidiaries of beal financial corp . , a holding company solely owned by beal . beal financial also owns charter bank , the recently acquired new mexico bank . ( beal bank swallowed up the alabama bank . )
beal aerospace might have done the impossible : compete against nasa , boeing , and lockheed martin and win . but the tough odds held , and in october 2000 , beal aerospace , the largest private rocket development effort in history , shut its doors and laid off more than 200 people . beal had spent $ 200 million of his own money by that time .
he was a space buff , millionaire , and unorthodox libertarian thinker . he was ready for another project . he devoted his energies to researching the viability of beal aerospace .
but the window of opportunity to make beal aerospace profitable was tight and closing . competing against the large aerospace companies and nasa ' s new generation space - launch vehicles meant getting a jump on them by creating and launching his rockets within two years . every delay pushed the timetable back and reduced the chance beal ' s company would earn money .
beal ' s first major challenge was to design a disposable rocket that could put large payloads in orbit . beal decided on a creature from aerospace history : a multistage behemoth powered by a fuel of hydrogen peroxide cut with kerosene .
in frisco , beal aerospace plans to construct rockets that will help launch commercial payloads for telecommunications companies , according to comments at a sept . 16 meeting of the frisco city council .
1 . beal hoped to make beal aero into a money making business . mr . beal ( the man ) , should be admired . his life after beal aero makes for a story of a truly decent person . beal aero was a sad part in his life .
its common trivia around here that spacex took over the mcgregor site from previous rocket company beal aerospace . the test stands that falcon 9 cores are tested on were built by beal , but it got me wondering what else beal had accomplished while in operation . the answer surprised me . they did quite a bit !
andy beal and his banks , beal bank and beal bank usa , have donated millions of dollars to colleges and charity sponsorships and to prizes for science and math education .
it is the largest engine ever built by a private program with no ties or funding by the government . beal aerospace is a fully private company dedicated to build more reliable and economic access to space for the international satellite community .
the woman signs you in on a clipboard . the list of visitors is short .
it ' s so rare anyone comes out here ,
says the woman , one of the few people still employed at beal aerospace .
he signed up as a peroxide scientist with beal aerospace . bringing the concentrated hydrogen peroxide production in - house cut costs by two - thirds , and with the amount of fuel required , that meant a vast saving .
andy beal pinches every penny until it squeals ,
carden says .
former beal aerospace vice president lewis watched the shutdown with interest , having seen beal begin to accept that money and willpower couldn ' t create miracles .
he began to realize the scope of the job ,
lewis says .
he began to realize this was no small feat .
when news of the beal aerospace deal reached venezuelan ears , the country fell into deal - killing mode . government officials and diplomats said the launching pad could have military applications and threatened its national security because of u . s . government involvement with beal aerospace . a flustered spoede tried to explain that the government was only involved with export licensing and regulatory matters , but the complaints persisted . a u . n . moderator was called as saber - rattling ensued .
beal aerospace technologies inc . has started building a 100 , 000 - square - foot rocket construction plant in frisco . it is reconfiguring facilities on a 124 - acre plot at an old navy base in mcgregor to test rocket engines .
to address requests for information about our founder , andy beal , beal bank provides this website of authorized reference material . read more
•shortly after the aerospace company closed , beal went to las vegas and challenged some of the world ' s best poker players to high - stakes games , often donning sunglasses and headphones in an effort to prevent his opponents from reading his face .
beal aerospace this time hired peter pritchard , a well - respected researcher with chelonian research institute , an international environmental protection group , to validate its claim that the space launches wouldn ' t hurt sea turtles that lay eggs on the nearby beaches .
after squads of beal executives prepare reports on assets for sale , beal peppers them with questions in a room nicknamed the
fishbowl .
the ba - 2 uses hydrogen peroxide and standard aviation fuel as propellants , providing tremendous environmental advantages . propellant is fed to beal aerospace technologies - built engines using helium pressure . this reliable pressure - fed technique negates the use of costly and complicated turbo pumps .
welcome to r / spacex , the premier spacex discussion community and the largest fan - run board on the american aerospace company spacex . this board is not an official outlet for spacex information .
a dallas billionaire by the name of andy beal , of beal aerospace , started searching for properties last year . he had his sights on two of the best properties in the nation . one being the $ 100 million property , 10000 hollow way , and the other was one of the crow ' s family properties at 4500 preston rd .
the loss of beal aerospace may mean more than the continuing dilemma of expensive space launches . it can also be seen as a discouraging trend in america away from risky ventures , gutsy moves outside stiff government oversight , and the value of an individual to transform the world .
the border disputes were simmering nicely when the h2o2 fires at beal aerospace flickered out . publicly , guyana took the collapse with grace . a statement from the prime minister ' s office read :
the government entered into the agreement with beal with the full knowledge and understanding that the commercial international space industry is a high - risk competitive business .
i have mixed feelings [ about beal aerospace ] ,
he says .
it was a great learning experience . looking back , i ' d have done things differently . but if i had known what i know now , i would not have gotten involved .
beal aerospace was from near my home town area of dallas texas . i always looked on it as being spacex ' s older brother , especially since the mcgregor facility was purchased from beal . it ' s kind of like a hand - me - down . this write up gives a concise description of beal ' s accomplishments and the forces that caused their shutdown . please enjoy the reading during the current long intermission between flights !
i really recommend reading the whole interview with beal . it is from june 2014 and speaks a lot about beal ' s choice of launch sites and the challenges of each . beal looked at brownsville too , but ruled it out .
the disappointment was real . artist renderings of beal launches hanging in the defunct headquarters always show a rocket blasting from the lifeless rock of sombrero . the rocket is rising from plumes of smoke with
beal aerospace
stamped across the sides , checkered bands painted on its frame so that the brains in the launch command center can tell if the craft is spinning correctly .
andy beal formulated the beal conjecture , which is a generalization of fermat’s last theorem , and offers a $ 1 , 000 , 000 prize for the solution .
as the sole owner of beal financial , beal doesn ' t have shareholders to answer to . that suits his independent personality fine , his friend kaplan said .
while beal aerospace recognizes the need for nasa to develop a human rated launch capability for space station and other human missions , we find it inexcusable and intolerable that nasa intends for these subsidized systems to additionally compete for non - human rated missions including cargo for the space station and commercial satellite missions .
beal sued the fdic in 2002 . the regulator had taken over operations of an illinois bank in 2001 . it continued making subprime mortgages , some of which beal bank bought . in a lawsuit , beal bank accused the fdic of misrepresenting the mortgages . the agency agreed to pay beal bank $ 90 million in late 2008 .
as the company progressed , beal recruited more experienced talent . walter lewis , a 30 - year veteran of the aerospace business , was tapped as vice president of business development . lewis brought a wealth of knowledge about satellite customers and their products and was pleased to use that knowledge to advance his field .
beal . jpg ( 25 . 11 kb , 500x338 - viewed 3857 times . )
1 . after cots , spacex hasn ' t . beal wanted to get money .
while beal might prefer a low profile , his business is getting hard to ignore .
beal keeps mum when it comes to his methods for determining prices , colleagues say .
one wild card beal will have to deal with is the development of reusable rockets .
the emptiness hits home when you explore the cavernous space where they planned to build rockets . not just any rockets : rockets powered by the largest engine developed by anyone in the united states since the apollo space program . the stage one rocket designed by beal aerospace burns three backyard swimming pools of fuel per second .
•he founded beal aerospace in the mid - ' 90s to compete with nasa and others for satellite launches . in 2000 , the company dazzled spectators with 300 - foot flames at a successful engine test in mcgregor , near waco . it also laid plans to build manufacturing and launch facilities in the caribbean or south america .
it didn ' t take long for beal aerospace to figure out that setting up your personal rocket program came with its own set of unique problems . the troubles ranged from the typical , such as problems with internal software , to the absurd , such as the nation of venezuela protesting your project to the united nations .
there ' s a lot of beal wannabes ,
said danny payne , a former commissioner of the texas department of savings and mortgage lending , a beal bank regulator .
a retired naval weapons research laboratory located near waco , texas , just east of mcgregor , was the site of the extensive rocket engine test program . beal aerospace technologies built its new factory and office space in frisco , texas . this facility supported development of the ba - 2 fabrication methods , and housed the administrative , technical , and executive staff of beal aerospace technologies . it was planned that eventually a coastal site would be secured for a multiple hundred - thousand square foot fabrication and stage assembly plant . this production facility would take over production from the frisco facility , which would then focus on research and development for advanced vehicles in the ba family .
meanwhile , beal and legendary activist investor carl icahn are facing off against beal ' s old friend donald trump for control of three atlantic city casinos that went bankrupt a year ago .
if the opposition wins , beal is out . the opposition party will not have beal in there ,
reis says .
hopefully , we ' ll win again .
the headquarters of beal aerospace in frisco mirrors its history : hopeful and ambitious birth , thrilling and painful growth , and an early and tragic death . its empty parking lot and vast vacant warehouse spaces are the remnants of a dream so bold it ranged from texas to the jungle nation of guyana to thousands of miles above the planet .
the tax agency disallowed deductions beal had taken against $ 1 . 2 billion in income he earned between 2002 and 2004 . ( beal financial is an s corporation , which means its income , losses , deductions and credits pass through to beal ' s personal tax return ) .
suriname was less than thrilled to see a rocket launch company set up shop in guyana . visions of missiles raining on suriname must have danced through their heads , and more important , the burst of beal aerospace revenue would have allowed guyana to easily match a recent increase in surinamese arms purchases . no nation is too poor to afford an arms race .
beal aerospace was conceived in 1995 as its founder read a magazine article about the coming boom in satellite technology . no one could predict that this boom would plateau in the new millennium , driving satellite and launch companies to the brink . beal saw a problem , and his keen mind sought ways around it like an equation . the problem : expensive launches . the solution :
dumb
rocket launches using new twists on older , reliable technology .
it ' s may 20 , 1999 , and beal is pleading , begging , before congress .
so did the administration in charge .
guyana needs a project like that ,
says terry reis , honorary consul for guyana in houston , who helped coordinate negotiations with beal aerospace . she rarely puts the spaceport project in past tense , even though it is obviously deceased .
the project is wonderful , but the opposition is always in opposition .
carden attracted beal ' s attention with his proposal for the x - prize , a contest sponsored by a private space tourism foundation . the x - prize foundation is offering a $ 10 million bounty to the first privately funded craft to carry three people to suborbital space ( 62 miles ) then repeat the feat within two weeks . carden ' s hydrogen peroxide fuel ( which never got past the proposal ) and entrepreneurial spirit seemed a perfect fit for beal aerospace .
startup company beal aerospace technologies inc . is in the preliminary stages of designing the ba - 1 expendable liquid - fuel rocket capable of lifting a 17 , 000 - lb . payload into a 180 - mi . circular , low - earth orbit . first launch is tentatively scheduled for january 2000 . ceo andrew beal said the ba - 1 would be a ` ` unique launch vehicle with the potential to dramatically reduce the cost of boosting satellites into space . ' ' beal , the sole stockholder in the dallas - based company , said he is . . .
the bureaucracy at beal aerospace may have been slim , but the u . s . government bureaucracy was still a serious hindrance . no problem was greater than the state department ' s refusal to give an export license to the company to ship its rockets out of the country for cheaper launches . the position became a frustrating unknown for the entire company and caused months of expensive delay .
industry experts agree that the u . s . competition was a major hindrance , but other factors helped doom his project , including a satellite industry slowdown that surprised beal and most aerospace analysts . the industry was stabilizing . companies were planning for more rapid growth but were blindsided . established satellite companies carrying huge debt loads were ailing ; one declared bankruptcy , and others teetered on the brink .
beal ' s mcgregor facility features two additional test stands : a vertical - fire test stand for smaller engines , and a 220 - feet tall vertical - fire stand , currently under construction , for larger engines . the mcgregor test facility also houses a five - ton - per - day hydrogen peroxide concentrator , designed and built by company engineers . headquartered in frisco , texas , near dallas , beal aerospace designs , is building and will launch heavy - lift vehicles for the international satellite community .
beal aerospace where building a ' big dumb booster ' . basically the idea is you use really low quality and efficiency , but cheap , technology . that way you have to build a really big booster to get any descent payload since it ' s mass fraction is so low , but ( in theory at least ) it ' s cheaper to develop , build and launch because its so simple .
if anyone was going to do it , it would be someone like beal . they took him fairly seriously . he was putting most of his bank profits into the project ,
says aerospace analyst marco caceres .
he wasn ' t wasting a lot of time raising money . . . people thought he was progressing , that this guy could be up and running in a few years .
it ' s eminently fair to say beal ' s plan was a long shot . that ' s not to say it had no merit . each stage of the business plan was backed by logic , reason , and market sense . satellite launches are prohibitively expensive . the disposable beal aerospace rockets were designed to be cheap and effective , thanks to the combination of their simple old - school design and new lighter construction materials . its rocket fuel was unorthodox but viable . the spaceport could have been built and maintained .
these days , the front door of beal aerospace is locked , and knocks go unanswered . three vehicles dot the otherwise empty parking lot , testifying that there is still life at the headquarters of the defunct satellite launch company . all but a handful of the 200 - plus engineers , rocket scientists , and assorted staff have been laid off , and the vacant rows of their parking spaces seem like unmarked graves .
paper rockets ? mr . beal deserves the respect for putting his money in real terms where his mouth was .
over the last 18 months , beal has gobbled up loan portfolios from hedge funds , banks and federal regulators .
carden wished beal was around more .
looking back , if he stepped into the role of project manager , he could have gotten something off the ground . unfortunately , he had many other responsibilities with beal bank .
andrew beal has been a player on the dallas financial and real - estate scene for more than a decade .
no other details about beal ' s plans for the plant were available last week . beal has submitted
incomplete
plans for its $ 3 . 5 million facility in the stewart creek business park , city officials say .
at the sad shell of available office space that was once beal aerospace , spoede reaches into a box and plucks a publicity shot of a horizontal rocket test in mcgregor . it pictures a 10 - foot column of flame blasting 300 feet from the barrel of a rocket engine . a bright red truck sits near the lick of fire .
he had it freshly painted red and put out there , for scale ,
spoede says , referring to andy beal .
people said he was nuts to put it there .
the treaty was yet another hassle in a long string of hassles , and it was hampering beal aerospace ' s viability by throwing a cloak of uncertainty over the program .
andy had a lot of struggles with it ,
says carden .
there was nothing military about a 40 - year - old rocket . . . for a month , we couldn ' t talk about the rocket at all .
spoede walks into the nation ' s federal government office in the steamy capital of georgetown , briefcase in hand and sweat under armpits . behind him , the crowd of protesters are chanting , waving signs , displaying red rage for cameras and reporters . they are a mixed bag of environmentalists , indigenous indians , and guayanese opposition party members , all dedicated to scuttling the south american country ' s deal with beal aerospace .
boeing has spent millions , no billions by now , on eelvs ,
says paul nisbet , an aerospace analyst with jsa research .
he was doing everything on his own . . . obviously , he was competing against the federal government , and they are very hard to compete against .
beal aerospace fired today the largest liquid rocket engine built since the historic apollo program of the 1960s . the 810 , 000 - pound vacuum thrust hydrogen peroxide / kerosene engine , designated the ba - 810 , is the stage 2 engine for beal’s forthcoming ba - 2 heavy - lift launch vehicle , scheduled for inaugural launch in 2002 . the engine made a 21 - second firing at the company’s engine test facility in mcgregor , texas before a large crowd of company employees , industry and government vips , news media and other > guests .
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mcgregor site was originally a navy ordinance and test site bought by beal . i ' m just not sure if any previous rocket development took place there . beal certainly built the test stands required for the be - 2 , etc .
as a launch site for the ba - 2 , beal aerospace signed an agreement on 18 december 1997 for the exclusive use of sombrero island in the caribbean for up to 98 years . this lone island was 56 km north - west of anguilla , a dependent territory of the united kingdom . it was well located for due - east launches as well as north and north - east launches for all orbit inclinations of commercial interest .
that luck brought him to some strange places , including a desert island that was beal aerospace ' s first choice for a spaceport home . it was called sombrero island , a sad 95 - acre rock about 100 miles from st . croix , belonging to the island nation of anguilla . sombrero island is a simple lump of coral and rock with a lonely lighthouse staffed with even lonelier lighthouse keepers . beal aerospace representatives would sleep on the tip of the island , as far from the squirrelly keepers as possible , spoede says . there are no trees or shrubs on sombrero . the dutch had already raped sombrero island when they strip - mined it for bird guano . it used to be shaped like its
hat
namesake , but all that remains is the brim . the dutch mining operation and severe weather flattened the only parts that peaked well above sea level .
beal aerospace fired today the largest liquid rocket engine built since the historic apollo program of the 1960s . the 810 , 000 - pound vacuum thrust hydrogen peroxide / kerosene engine , designated the ba - 810 , is the stage 2 engine for beal ' s forthcoming ba - 2 heavy - lift launch vehicle , scheduled for inaugural launch in 2002 . the engine made a 21 - second firing at the company ' s engine test facility in mcgregor , texas before a large crowd of company employees , industry and government vips , news media and other guests .
the privately financed project reached a major milestone on 4 march 2000 when beal aerospace fired the largest liquid rocket engine built since the apollo program . the 3 , 600 kn vacuum thrust hydrogen peroxide / kerosene stage 2 engine , designated the ba - 810 , made a 21 - second firing at the company ' s engine test facility in mcgregor , texas . at that time flights of the launch vehicle were scheduled to begin in 2004 .
after paying what the irs said he owed for ' 02 , beal sued for a refund through his southgate master fund partnership .
the beal engines were all pressure fed , so they were much lower chamber pressure than a comparable size engine with a turbopump .
according to documents filed last year , andrew beal also owned some 900 apartment units in texas , michigan , ohio and missouri .
beal aerospace has made significant advances in low cost hydrogen peroxide propulsion systems and continues to believe that low cost and reliable space launch systems are viable and producible by relatively small commercial companies . despite our experience with cost overruns and schedule delays , we were confident of our ability to ultimately succeed in the development of our ba - 2c rocket launch system . the ba - 2c program was the largest privately funded program ever in existence to build a large capacity space launch system .
it is the largest hydrogen peroxide - propelled engine ever built . hydrogen peroxide was first developed as a rocket propellant in the 1930s , then was replaced in later years for more potent alternatives like liquid oxygen . advances in engine design and chemical engineering , pioneered at beal aerospace , have led to a rediscovery of hydrogen peroxide and its operational and environmental advantages . hydrogen peroxide , for example , is stored and handled at ambient temperature , rather than cryogenic temperatures like other propellants .
beal aerospace got caught in this dilemma when it tried to launch from south american spaceports . the company needed the state department to sign off on export licenses and wasn ' t getting a good response .
there was a key individual or two in the state department who had reservations ,
says spoede , declining to get into deeper detail . to break the institutional deadlock would have taken a supreme effort involving lobbyists and pubic relations drives in washington , d . c .
but it folded later in 2000 , with beal saying it couldn ' t compete with nasa ' s
subsidized launch systems .
beal spent an estimated $ 200 million on the project , according to press reports , though he has never confirmed that figure .
but beal didn ' t build it . he picked it up at a discount when its former owner moved its employees to houston .
he pauses and gives his epitaph on beal ' s dream :
i guess it ' s hard to be a genius .
like a bird of prey , beal ' s mind is wired to spot and seize opportunities . when the savings - and - loan crisis was eviscerating texas ' financial industry and shutting down banks , beal decided to open one and began buying defaulted bank loans for as little as 40 cents on the dollar . beal bank launched in 1988 with $ 3 million . it would become a billion - dollar enterprise .
in a september interview , a company official said beal was looking to jump into the booming business of launching commercial satellites for telecommunications companies .
lockheed and boeing are also in the eelv market , but lockheed is less aggressive for the time being . lockheed ' s eelv , called atlas 5 , will not even compete for government contracts against boeing because the air force already assigned most of the future satellite payloads to boeing , which will launch from a specially built spaceport on vandenberg air force base in california . both boeing and lockheed will receive government subsidies to get satellites in orbit cheaper and be in a position to compete with beal aerospace in the private sector .
1 . if you compare the amount , or even the percentage of mr . beal ' s investment compared with todays so called
commercial
a federal judge ruled that the deductions should not be allowed , but also held that beal acted in good faith , so penalties were not appropriate .
officials of the company would not comment for this story , saying they wanted to wait until a march 19 press briefing on beal ' s plans .
lewis ' job with beal aerospace was decidedly different from previous work at megacorps such as hughes and boeing .
it was great in that respect . there was kind of an entrepreneurial spirit there . i always thought we were competing against the big boys . i enjoyed that ,
lewis says .
i did find it a little difficult working for a single individual . . . it was a plus and a minus . the company could be nimble and make quick decisions , but he could get out of bed and change his mind .
this is a remarkable achievement for our program ,
said company founder and ceo andrew beal .
our program started small in 1997 , with a vision to build a more reliable , more economic means to space for the international satellite community . after a steady stream of successes in our engine development and composite - tank programs , we ' re beginning to generate a lot of attention . building the largest liquid engine in 30 years is an extraordinary achievement – particularly for a private company .
the engine marks several milestones in the aerospace community :
leased by beal from the city . the navy used to do solid rocket work there after world war ii . jato bottles among other things were tested there . there ' s an informative aiaa article somewhere on the history of the bluebonnet ordnance plant , from wwii up to the beal / spacex days .
beal bank ' s average return on equity , a measure of profitability , was more than 25 percent over the last five years , compared with an industry average of 6 . 7 percent , according to snl financial . the number for beal bank nevada , a sister bank , was 11 . 6 percent .
politically , beal has described himself as a libertarian , and he ' s a believer in limited government . he and his wife are major republican donors .
in an nice wrap up , beal was interviewed ( pdf ) on his thoughts on spacex and specifically the mcgregor site . he had this to say :
unfortunately , development of a reliable low cost system is simply not enough to insure commercial viability . several uncertainties remain that are totally beyond our control and put our entire business at risk . the most insurmountable risk is the desire of the u . s . government and nasa to subsidize competing launch systems . nasa has embarked on a plan to develop a second generation launch system that will be subsidized by u . s . taxpayers and that will compete directly with the private sector . in my capacity as founder and chairman of beal aerospace , i previously testified to a congressional subcommittee that government subsidies to competing launch providers constituted the private sector ' s biggest business risk . nonetheless , nasa remains committed to such an effort , and congress last week approved an initial $ 290 million to begin an effort that nasa declares will result in the government funding of one or two human rated subsidized launch systems within 5 years . while beal aerospace recognizes the need for nasa to develop a human rated launch capability for space station and other human missions , we find it inexcusable and intolerable that nasa intends for these subsidized systems to additionally compete for non - human rated missions including cargo for the space station and commercial satellite missions .
that plot includes an existing bunker and a rocket thrust stand , which beal is retrofitting , city officials say . the company plans to build an additional thrust stand .
fact is that just when things were getting interesting , the firm was shut down . i don ' t consider the company a failure as mr beal pulled the plug .
not many years ago , lenders were bagging profits by making loan after loan after ill - fated loan . andy beal saw the easy money and ran the other way .
without satellites going into orbit , a launch service company is grounded . the pond was going dry , and the fish were dying , leaving birds like beal to starve .
beal ' s rockets will be expendable , meaning they can only be used once . the company will face competition from much larger competitors such as lockheed martin and boeing .
he shields his computer keyboard and screen with pieces of cardboard so no one else can see . the executives leave without knowing how beal determines what he is willing to bid .
carden began distancing himself from beal in early 1999 , becoming an independent contractor employed by beal under a six - month contract . when beal folded his hand , carden simply accepted the previous isu offer to market his fuel . the school gets two - thirds of the royalties for its help and the intellectual property rights , and the scientists get free marketing and the intellectual gravitas of having university affiliation . now , the scientist who was outraged at government bureaucracy is just another defense contractor peddling his wares to nasa and the air force .
not that beal is crowing about it . he tries hard to avoid publicity . he declined to be interviewed for this article , although he eventually agreed to confirm facts in it .
beal lives in highland park with his wife and their four children . he also has two children with his first wife . his eldest daughter is expecting his first grandchild next month .
measuring 1 . 6 km long by 0 . 6 km , the island featured a lighthouse which was the first landfall for ships approaching from europe . this territory was to be transformed into the beal aerospace launch site , featuring a horizontal vehicle integration building on one end of the island and a launch pad at the opposite end . a runway would link the island to the mainland for personnel and high - value cargo transport . a heavy - load roadway would link the integration building to the launch pad . a small port area to the south - west of the integration building was to be used for transport of rocket stages , propellants , and heavy equipment and supplies via barge and ship .
i am a good guy made to look like a bad guy for doing what every taxpayer does - appropriately use the law to minimize my taxes ,
beal told forbes last year .
the company , which is controlled by dallas banker and apartment owner d . andrew beal , also says it has a 98 - year lease on a caribbean island from which to launch payloads .
nor has beal disclosed much about what it is going to do on a 124 - acre plot it has leased at the 10 , 000 - acre navy weapons industrial reserve plant in mcgregor .
beal considered all kinds of new launch concepts . he was initially very intrigued by the simplicity of solid propellant motors . but he wanted to develop new concepts on how a rocket might be designed and manufactured using a totally new and vertically integrated low - cost production methodology . after spending considerable time with industry engineers and professionals , beal concluded that he must distance his new effort from the existing mindset in the industry where government and military contracts were the norm . beal decided to
go it alone
and develop at his own expense totally new rocket and related manufacturing and launch facilities .
downtown - - a dallas company headed by the majority stakeholder in beal financial corp . is quietly assembling what it says is a $ 250 million program to build and launch commercial rockets into space .
he owns nearly all the shares of beal financial corp . , the shell corporation for profitable beal bank . for the nine months ended sept . 30 , the bank reported net income of $ 66 . 1 million on revenues of $ 145 . 7 million . that compares with profits of $ 44 . 8 million and sales of $ 143 . 5 million for the same period in 1996 .
propellant tanks are composite filament - wound structures , making them very lightweight , durable and strong . beal operates one of the world ' s largest filament winding machines at its facility in frisco , texas .
delays and unexpected hassles meant cost overruns . beal was the sole investor in the company , and while this meant he need not explain the delays to anyone , it also meant that no one was accountable to anyone but beal . former employees say most of the problems were controllable , if not routine .
yes , there were issues , but they weren ' t deal killers ,
spoede says .
but marco caceres , space analyst at the fairfax , va . - based teal group , says the market is big enough - - and growing fast enough - - for beal to grab a slice .
beal , already beset with export licenses and diplomatic quarrels over his proposed spaceport , claimed a massive subsidy program for government - contracted launch companies doomed the start - up ' s chances to make a profit .
beal , a native of lansing , michigan , was attending michigan state university when he began buying and selling rental property to pay for school . when he transferred to baylor university , his interest in real estate was still high . in waco , the young beal bought a dilapidated apartment complex with the aim to fix it , rent it , and then sell it . the market and industry proved so lucrative that beal dropped out of baylor and devoted his full energies to real estate . by 1978 , he had relocated and was dealing real estate in dallas , a popular roost for entrepreneurial spirits and cravers of fast money .
beal ' s mind has been active with self - education since he dropped out of baylor . math has been his first and steady love : oates says he ' s spotted his friend working on complex equations to pass the time on air flights . not content with simple self - improvement , beal sought to make an intellectual and scientific mark through his hobbies . his money became a vehicle to leave a profound mark .
since beal closed up shop about 2000 and musk formed spacex about 2001 - 2002 , elon must have had discussions with mr beal about the business environment and his reasoning . i always felt he threw in the towel a bit to early . that is certainly based on hind site and the launch market looked pretty bad at that point , but most business goes in cycles so the market had to come back , eventually .
getting a good price is key to beal ' s business model . if there ' s an insight at the heart of what he does , it ' s that markets sometimes put the wrong price on risk .
we give andy the information , and he decides the pricing ,
said one beal bank executive , who spoke on condition of anonymity .
i do not know how he arrives at the pricing .
i had never been to texas ,
beal told the dallas morning news in 1997 .
my plan was to finish college at baylor , but i got busy starting little businesses and never did .
since then , nasa has changed course and is now aiming to support private - sector companies . space exploration technologies , a company led by entrepreneur elon musk , is using beal ' s old facilities in mcgregor .
my fear is that the fed has little more understanding of the stench of the garbage than many of the current owners who bought all these debt instruments issued about 2004 ,
beal said in the ad .
six months later , the nation crashed into its worst financial crisis since the 1930s . providing the fuel were the kinds of shortsighted loans beal avoided making while other lenders were ringing up profits just a few years before .
2 of the beal engine bells are on display at the frontiers of flight museum in dallas . one inside and 1 outside . here are a couple of pics i took of one of em a few months ago .
beal lent nearly $ 500 million to the casinos , which carry trump ' s name , and he recently sold a majority of that loan to icahn . a hearing is set for tuesday in a new jersey bankruptcy court .
beal ended up bidding on a waco apartment building instead . he won with a bid of $ 217 , 500 - $ 17 , 500 of his own money and a $ 200 , 000 loan , according to craig .
contacted by a book reviewer for the news in 2005 , beal described his poker days as
not much of a story . i went to las vegas , got interested in playing poker and that ' s it .
everybody in the banking business follows beal bank ,
said jim gardner , a banking industry veteran and chairman of commerce street capital , a dallas - based investment bank .
it ' s such an unusual operation .
beal bank ' s glass - domed headquarters sits along the dallas north tollway in plano , near a mall , some fields , several corporate campuses and two plano water towers . the lobby glitters with shiny granite and polished wood .
daniel andrew beal grew up in a middle - class family in lansing , mich . , with an older brother and a younger sister . his mother was a secretary in the state government ; his father was a mechanical engineer .
beal was staring at stiff , government - funded competition in eelv and rlv markets , an uncertain spaceport project , a problematic rocket system , increasing costs , and a slow market . in september 2000 , he cut half of the staff , but company officials refused to say the company was shutting down . when congress approved $ 290 million in subsidies a month later , as part of nasa ' s space launch initiative , beal decided to abort his mission .
i remember beal , and being excited about his technology . of course , the gov ' t had to have assured access to space , so was funding the eelv developments around the same time . beal wanted those vehicles to be legally restricted to gov ' t launches ; said the commercial market would be unfair if it included vehicles who ' s development was government funded . when he didn ' t get his way , he took his marbles and went home .
in 1976 , 21 - year - old beal , the son of an engineer and a state government employee , attended a property auction in waco . the move would sow the seeds of a personal fortune of lone star state proportions .
beal h2o2 / kerosene rocket engine . 3600 kn . development 1990 ' s . pressure - fed engine with composite ablative chamber and nozzle . helium pressurant . thrust declines to 50 % of initial value before shutdown . isp = 282s .
beal never struck me as someone who was in it for the money . he was doing it more out of passion ,
says caceres , senior space analyst at the teal group , a fairfax , virginia - based consulting firm .
in april 1998 , the iowan met beal at the bank headquarters in dallas .
i had a very good impression . i never felt like he was a millionaire ,
carden says .
i mean , he flies economy .
lots of beal and spacex and other
new space
goodness in there from one of the few that have stood in the shoes as a private spaceflight company , a truly unique perspective we don ' t often get candid answers from .
beal ' s friend and banking peer oates takes a moment to decry a government that stepped on the private sector .
the government should be pushing new technologies while the andy beals of the world commercialize it within the best business model .
the government is appealing the judge ' s ruling disallowing the imposition of penalties , a department of justice spokesman said . beal is appealing the disallowance of the deductions and waiting for the irs to return the penalties , according to a lawyer representing him .
beal took out a full - page ad in the wall street journal on march 18 , 2008 . wall street investment bank bear stearns had just failed , and the federal reserve agreed to fund billions of dollars of the bank ' s riskiest assets .
at the heart of this dream is andrew beal , self - made billionaire and amateur math genius , one of those rare people who have enough cunning , money , vision , money , ambition , and money to drag his vision into reality . what reality did to beal ' s dream is not a lesson in hubris aimed at rich men but rather a warning for any visionary or uber - achiever : the world may not let you change it , and for reasons that may not make sense .
if you compare the amount , or even the percentage of mr . beal ' s investment compared with todays so called
commercial
its very much an apples vs oranges story . today ' s
commercials
take taxpayer money to fund their companies .
to do this , one must have a spaceport , a cape canaveral for the private sector . beal endeavored to build his own spaceport somewhere close to the equator , where his rockets could gain momentum from earth ' s rapid spin and save on fuel .
a new thrust chamber was fitted for today ' s tests . the chamber used in the previous two tests is undergoing analysis at beal ' s engineering and assembly facility in frisco , texas , near dallas , and will return to the stand for future tests .
wow , thanks for the info , its a shame i never knew about this . i also find interesting this sentence :
in 1995 , a magazine article sparked beal ' s interest in satellites and new proposed low earth orbit constellations . . .
.
the first time i played him heads - up , it was like taking candy from a baby ,
said howard lederer , a beal opponent .
by the end , he was a very formidable opponent . it was extraordinary to watch his progress .
i think he considers himself a lucky person ,
says brad oates , vice chairman of bluebonnet savings and loan and a friend of beal ' s for more than a decade .
he knows whoever is born in this country has won the lottery .
not only did andy beal close on the $ 100 million property but it is rumored that he also has 4500 preston road under contract . when you have $ 11 billion , i guess buying a couple multi - multi - million dollar properties is just another day .
beal bank got its charter in 1985 , but it didn ' t get federal deposit insurance until three years later . the bank launched with $ 3 million in capital in 1988 . by then , the texas oil and real estate bust was devastating the local banking industry .
it seems in many ways that andrew beal ' s ideas were listened to , and spacex is the benefactor of that groundwork both figuratively in the case of the evolved politics of cots , crs , and ccdev , but also literally with the contribution mcgregor test site itself .
beal was 35 when the bank was founded . it grew into the largest privately held lending institution in dallas and is still raging , frequently ranking first among all u . s . banks and savings and loans , judged on return on equity over a five - year period .
i always thought the environmental concerns were bogus ,
spoede says . an environmental assessment by a washington firm hired by beal stated sombrero was not unique as a nesting site , has no endangered species , and provides nesting sites to a very small percentage of caribbean seabirds .


m1 limited ( previously known as mobileone ) is one of the three major telcos operating in the republic of singapore , the other two being starhub and singtel .

as at 22 february 2017 , major shareholders include axiata investments ( 28.54 % ) , keppel telecoms ( 19.23 % ) and sph multimedia ( 13.38 % ) .

the remaining shares are owned by institutional and public investors .

m1 limited

singapore 6 april 2017 – m1 limited ( m1 ) today announced a new digital mobile remittance service – m1 remit .
influenza a virus m1 protein structure probed by in situ limited proteolysis with bromelain .
city telecom ( hk ) limited , m1 and starhub form consort . . .
city telecom ( hk ) limited , m1 and starhub sign consort . . .
satisfy due diligence requirments on choice retail m1 limited in one single ' time - saving ' search . run full background checks for fitness and probity on the directors of choice retail m1 limited and anti - money laundering checks ( aml checks ) on choice retail m1 limited
influenza a virus m1 protein structure probed by in situ limited proteolysis with bromelain . - pubmed - ncbi
m1 confectioners limited . free business summary taken from official companies house information . free alerts . registered as ni057448
northlink m1 limited . free business summary taken from official companies house information . free alerts . registered as ie369405
m1 car hire limited . free business summary taken from official companies house information . free alerts . registered as 06375696
m1 city apartments limited . free business summary taken from official companies house information . free alerts . registered as 04849979
eilish brett is a company director of choice retail m1 limited since 2008 and a listed director of 6 other companies .
m1 ltd ( sgx : b2f ) , sembcorp industries limited ( sgx : u96 ) , and capitaland limited ( sgx : c31 ) are 3 stocks that are near their 52 - week lows now .
the drones can assist in managing airspace traffic . m1 limited ( m1 ) and nanyang technological university singapore ( ntu singapore ) conducted successful trials in using m1 ' s 4 . 5g heterogeneous network ( hetnet ) . . .
this reduction was largely offset by a 250 million long term debt borrowing . m1 limited have kept their debts fixed at 250 million .
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the latest documents filed with the companies registration office for choice retail m1 limited ( which can include the account details ) are listed below .
log - in now to run due diligence checks and compliance checks on choice retail m1 limited or click join - up to get started .
m1 ( continental & japanese ) motor parts limited . free business summary taken from official companies house information . free alerts . registered as 01621478
m1 shop function : . m1 shops years of experience : . perform sales transactions and handle customers’ enquiries on mobile / smart phone & m1 services . . . .
to view the latest credit rating or credit limit on choice retail m1 limited simply click ' log - in ' or ' join - up ' below .
m1 limited presents at asean c - suite investor conference , jun - 26 - 2018 . venue : ritz carlton millenia , 7 raffles ave , singapore , singapore .
northlink m1 limited was set up on wednesday the 2nd of april 2003 . their current address is dublin 24t 6ye , and the company status is normal . the company has 6 directors who have also been the director of 30 other irish companies between them ; 2 of which are now closed . northlink m1 limited has 3 shareholders .
kube m1 limited was set up on friday the 27th of november 2009 . their current address is co dublin , and the company status is normal . the company ' s current directors edward mcnally and ian mcnally have been the director of 8 other irish companies between them ; 1 of which is now closed . kube m1 limited has 1 shareholder .
motorway drivers are set to be limited to a speed of just 60mph for a 34 - mile stretch of the m1 in a bid to meet european standards on air pollution .
m1 limited ( m1 ) has reappointed zenith singapore as its media agency following a recent media review . prior to the review , the partnership has been for a period of six years since 2010 . zenith’s scope of work will include media planning and buying .
to summarise , cat - m1 has lower active power consumption in dl and ul in good channel conditions . for ul limited channel conditions nb - iot today has better active power numbers .
get the samsung galaxy j - series from $ 0 on m1 big data plans . sign up or re - contract now at any m1 shops !
choice retail m1 limited was set up on monday the 3rd of march 2008 . their current address is 131 ashbourne ind est , ashbourne , co . meath , and the company status is normal . the company ' s current directors eilish brett and patrick brett have been the director of 7 other irish companies between them ; 1 of which is now closed . choice retail m1 limited has 6 shareholders .
in practice , when we consider frequency hopping and turbo / coding features present in the cat - m1 standard then cat - m1’s advantage is even further revealed .
ebitda margins according to m1 report have fallen from 40 % to 35 % .
much of whether m1 could stabilize its dividend depends on its future cash flow .
for ul , in good channel conditions cat - m1 has lower active power consumption due to its higher modulation support . in limited channel conditions nb - iot is superior to cat - m1 due to its support of single tone transmission . that benefit is likely to be closed in 3gpp r14 .
m1 limited is an android developer , who started before 2010 , and thus is one of the android pioneers . the current app portfolio contains 8 apps . an especially popular app is my m1 , which is one of the more popular apps in the android ecosystem with over 500 thousand installs .
categories : europe value analsysis yahoo financeclick here to see latest analysis capitalcube gives m1 ltd . a score of 63 . our analysis is based on comparing m1 ltd . with the following peers – starhub ltd , total access communication public co . , ltd . , singapore telecommunications limited and next - generation satellite communications limited ( cc3 - sg , dtac - th , z74 - sg and b07 - sg ) . investment outlook m1 ltd . has a fundamental . . . read more ( read more . . . )
m1 remit currently offers eight remittance destinations – bangladesh , india , indonesia , myanmar , malaysia , sri lanka , pakistan and the philippines . thailand , vietnam , and other remittance destinations will be made available progressively . for a limited time , m1 remit is also waiving the remittance fee to these destinations .
magnitude of alloresponses to mhc class i / ii expressing human cardiac myocytes is limited by their intrinsic ability to process and present antigenic peptides .
m1 is currently in the midst of its new campaign “m1 . for every one . everywhere” . it aims to show m1 as a reliable partner always by the side of its customers . the creative agency behind the spot is y & r singapore .
m1 ' s profits dip 4 . 8 % to $ 32 . 8m in q3
m1 cut its interim dividend from $ 0 . 07 to $ 0 . 052 .
turn heads and win hearts with the luxurious gleam from the meta m1 limited smart watch . made to fit both iphone and android these watch bands are sure to leave a solid impression . the m1 ' s solid construction lets you rest assured that this smart , solid timepiece isn ' t going anywhere without you .
m1 limited ( sgx : b2f ) is currently trading at a trailing p / e of 12x , which is lower than the industry average of 17 . 8x . while this makes b2f appear like a great stockread more . . .
the most recent earnings announcement m1 limited’s ( sgx : b2f ) released in september 2017 confirmed that the business experienced a immense headwind with earnings declining by - 16 . 15 % . below , i’ve laid out keyread more . . .
1 . ( 1 ) these regulations may be cited as the european communities ( single - member private limited companies ) ( amendment ) regulations 2008 .
m1 reports fy2015 results ; service revenues dip 1 . 1 % , but net profit up
in the past , m1’s dividend payout ratio ranges around 80 % excluding the special dividends .
motogp laguna seca 2005 . colin edwards . yamaha yzr - m1 . gauloises yamaha team .
m1 limited ( sgx : b2f ) has pleased shareholders over the past 10 years , paying out an average dividend of 6 . 00 % annually . the company currently pays out a dividend yield of 6 . 33 % toread more . . .
through m1 remit , m1 mobile customers can access real time exchange rates and remit funds to their designated recipients anytime , anywhere , through a mobile app or a browser on their smart device .
m1 ' s 1hfy17 results fell short of rhb’s estimates , though in line with the market .
m1 for me is the biggest loser among the local telecom for this move to data messaging .
with this move to data messaging and voip , m1 i think is a big loser here .
we have 2 quarters of results in , and we can see how well m1 have done .
the question is whether m1 have stabilized or not . the competition have not come out yet .
investors are always looking for growth in small - cap stocks like m1 limited ( sgx : b2f ) , with a market cap of s $ 1 . 52b . however , an important fact which most ignore is : how financially healthyread more . . .
the m1 cross platform control can be used as a limited or small access control system . the control can accommodate up to 199 users ( requires firmware version 4 . 4 . 2 or later and elkrp version 1 . 6 . 8 or later ) and 16 keypads . this newsletter will cover some examples of how the m1 can be used for access control .
magnitude of alloresponses to mhc class i / ii expressing human cardiac myocytes is limited by their intrinsic ability to process and present antigen . . . - pubmed - ncbi
for more information and to download the m1 remit android and ios apps , please visit : urltoken .
what’s more , keppel customers can head over to m1 shop imm to enjoy exclusive mobile or fibre offers when you sign up or re - contract on selected m1 services . for more details , visit urltoken
network , m1 is well placed to capture data growth in both the fixed and mobile segments . ’
m1 reports 1 . 1 % rise in revenue , net income up 9 . 7 % for 9m14
“m1 for me is the biggest loser among the local telecom for this move to data messaging . ”
if whatever m1 management say comes to fruition , then at this price its not a bad purchase .
to serve you better , the m1 website is currently under system maintenance . we regret any inconvenience caused .
2 . in these regulations “principal regulations” means the european communities ( single - member private limited companies ) regulations 1994 . ( s . i . no . 275 of 1994 ) .
the board of directors of m1 limited announced the appointment of mr . guy daniel harvey samuel as a non - executive independent director of the company with effect from 4 july 2018 . mr . harvey samuel will be appointed as chairman of the nominating committee and member of the audit and remuneration committees .
verizon became the first carrier in the world to deploy lte cat m1 commercially , launched in december 2016 . verizon will complete nationwide u . s . coverage of lte cat m1 by the end of q1 2017 . the carrier works with industry - leading partners , and in 2016 , certified the world ' s first cat m1 chipset and module .
“m1 remit offers a wholly digital experience for money remittance . nobody likes to queue , and now our customers can skip the queue and make better use of their time with and m1 remit - singapore’s most convenient , secure and cost - effective way to remit funds to their loved ones , ” said mr alex tan , chief innovation officer , m1 .
m1 announces their set of results 2 days ago . the summary of my take on the results is as follows :
7 months ago , i did a piece on whether m1 and starhub is a value opportunity or a value trap .
the board of directors of m1 limited informed that independent director mr . chow kok kee will be stepping down from the board with effect from 1 july 2018 . mr . chow will accordingly relinquish his position as chairman of the nominating committee and member of the audit and remuneration committees , with effect from 1 july 2018 .
m1 architectural stone limited was set up on tuesday the 1st of july 2008 . their current address is co . louth , and the company status is normal . the company ' s current directors brian mccabe and linda mccabe have been the director of 32 other irish companies between them ; 1 of which is now closed .
m1 limited , together with its subsidiaries , provides mobile and fixed communications services to consumers and corporate customers in singapore . it offers various voice , data , and value - added postpaid and prepaid mobile services on 4 . 5g / long term evolution advanced and 3g / high speed packet access ; and international direct dial services to mobile and fixed - line customers . the company also trades in wholesale voice minutes with other international and local service providers , as well as provides dark fiber services to carriers and data centers . in addition , it offers various fiber broadband service plans , including fixed voice and other value - added services for residential customers ; and a suite of mobile and fixed services , including symmetrical connectivity solutions , managed services , cloud solutions , cybersecurity solutions , internet of things , and data center services for corporate customers . further , the company is involved in the retail sale of telecommunication equipment and accessories ; provision of customer and remittances services ; licensing of intellectual property rights ; and provision of mobile malware detection solutions . it serves approximately 2 . 03 million customers through 11 m1 shop outlets and distributors , as well as online . the company was formerly known as mobileone limited and changed its name to m1 limited in 2010 . m1 limited was founded in 1994 and is headquartered in singapore .
hi alan , when i say its a dividend season buy it is usually at the quarters when it is likely m1 will declare dividends . go to urltoken ‘s corporate actions and you are likely to find out which quarter m1 will declare dividends .
had you purchase m1 , you would have gotten some good gains . that is , before the recent results were published .
the purpose of these regulations is to amend forms m1 & m2 and revoke the previous respective forms . form m1 is a notice of change to a single member company . form m2 is the notice of a change status of a single member company .
m1 have 930 mil shares . this means they will be paying out $ 0 . 111 x 930 = $ 103 mil .
merging a classic look with a hip and contemporary design , the proposed artwork for m1 limited’s 2010 annual report reflects how the group is paving the way to a future that promises enhanced lifestyles and experiences . reflecting the milestones the group has established during the year , the design of the annual report utilises stylised images of various consumers enjoying m1’s latest product offerings and unmatched services , highlighting specific portions of the photograph to convey how m1’s makes life and connectivity colourful and vibrant . the colour palette used takes inspiration from the group’s corporate identity while subtle key lines that accentuate divider pages to show smoothness and movement .
“we are excited to be working with ipass to offer singapore’s first wi - fi roaming service to our postpaid mobile customers . through the ipass open mobile exchange , our retail subscribers can enjoy wi - fi as an affordable and seamless network connectivity option when they travel , ” said mr . p . subramaniam , chief marketing officer , m1 limited .
it alerts the user of malware through sms and e - mail . m1 launched m1 mobile guard , network - exclusive malware detector for mobile phones . according to a press release , this will also be the first network - based anti - malware product in asia .
hi drizzt , i have been following your blog for quite some time . would like to ask what do you mean by m1’s move to data messaging ? and what makes it a biggest loser compared to starhub or singtel ? what did m1 do differently this time ?
evolution lending limited is a company registered in england & wales , registration number 06113307 and registered at 8 st john street , manchester , m3 4du . authorised and regulated by the financial conduct authority , firm reference number 709488 .
m1 , singapore ' s most exciting and innovative mobile and idd service provider , was launched in april 1997 . since then , it has made significant inroads into the local mobile communications market , gaining considerable brand presence and market share . m1 aims to be the market leader in personal voice , business and data communications , focusing on value , quality and customer service . more information on m1 is available at
redwood shores , calif . , april 8 , 2013 : ipass inc . ( nasdaq : ipas ) , a leading provider of mobile services for enterprises and telecom service providers , announced today that m1 limited ( m1 ) ( sgx : b2f . si ) has signed an agreement to offer its subscribers a global wi - fi data roaming service . m1 , a leading provider of mobile , broadband and fixed communications services in singapore , has set the pace for leadership ; being the first to commercially launch nationwide 4g mobile service and mobile broadband service in south east asia , and also the first operator to commercially launch nationwide 3g service in singapore . m1 continues this ground - breaking pace with a global wi - fi roaming service that provides access to more than one million hotspots globally .
m1 current trades at $ 1 . 88 . with the 930 mil shares outstanding , this bring their market capitalization to $ 1748 mil .
m1 is competing with starhub and singtel now , before tpg comes into the picture and i believe when tpg comes in they are ready .
in short , nb - iot does have a cost advantage over cat - m1 , however it is much smaller than the current industry perception .
m1’s three major shareholders , including axiata group ( axiata mk , neutral , tp : myr4 . 90 ) , have jointly announced that they will not proceed with the strategic review of their stakes in m1 , stating that “proposals from interested parties have not met the minimum criteria and parameters” .
4 . regulations 3 and 4 of the european communities ( single - member private limited companies ) ( forms ) regulations 1994 ( s . i . no . 306 of 1994 ) are revoked on the coming into operation of these regulations .
the dividend at 5 . 9 % certainly looks attractive , however , i could have remember m1 trading at much higher ( 7 % ) dividends .
monitor competitive and global trends to uncover new opportunities / risks to maintain m1 position . pd - m - 10 job type : . . . .
singapore , nov . 14 , 2017 / prnewswire / - - m1 limited ( b2f . si ) and vmware inc . ( vmw ) today announced a new cloud offering designed to empower singapore ' s digital start - ups and smes . this will enable them to rapidly develop software - based products and grow their business without hefty up - front infrastructure expenditure . m1 is enhancing its next - generation software - defined data centre ( sddc ) portfolio , powered by the vmware cloud provider™ program , with container support through pivotal container service™ ( pks ) .
m1 ' s new , cheaper plans for its sim - only and mysim services could seriously hurt its earnings and revenue , dbs equity research said . given the ability to choose between older legacy heavy plans and cheaper data plans , m1 ' s subscribers will tend to minimise the cost of the monthly rentals .
this will likely weigh on m1 ' s revenues , which are ~ 70 % made up of mobile ,
said dbs analyst sachin mittal .
the speed limit is set to be reduced from 70mph to 60 mph on a 34 - mile stretch of the m1 . photograph : rui vieira / pa
m1 drogheda management company company limited by guarantee was set up on wednesday the 16th of november 2005 . their current address is dublin 2 , and the company status is normal . the company ' s current directors paul stenson , scott schwartz and christopher kula have been the director of 20 other irish companies between them ; 2 of which are now closed . this irish company shares its eircode with at least 902 other companies .
keep all of the papers and documentation , sales receipts , etc . for 60 years and they will most likely be very valuable . after all , it took 60 years for most of my m1 ' s to find their way to me . in the mean time , get a wwii era m1 from the cmp .
we analysed three key kpis including coverage , cost and power consumption . while the market perception is that nb - iot has a clear advantage over cat - m1 for these kpis , we conclude that cat - m1 actually offers advantages for coverage and power , and only a minimal cost disadvantage when compared to nb - iot .
what do you guys think of the limited editions . what are the pro ' s and con ' s i bought one of these but still feel like i want a wwii model to have a piece of history . i hope there are no con ' s lol ,
the nature of the business is such that m1 is largely profitable . however , what is of note is that operating expenses , out pace that of revenue growth .
as at 31 december 2011 m1 had 2 . 015 million mobile customers , up 104 , 000 year - on - year . monthly mobile contract churn improved to 1 . 3 % from 1 . 4 % in 2010 . in addition , m1 reported 44 , 000 fixed services customers , including 22 , 000 on a fibre connection . commenting on the firm’s fibre - optic rollout , ms karen kooi , chief executive officer of m1 , said : ‘the coverage of the next generation nationwide broadband network (
as industry players look to provide the next generation of iot connectivity , two different standards have emerged under release 13 of 3gpp – cat - m1 and nb - iot .
nb - iot is perceived to have a substantially lower cost structure compared to cat - m1 . the below diagram of a typical modem will help us evaluate this claim .
to contact m1 ltd , please visit urltoken . company data is provided by s & p ; global market intelligence . please use this form to report any data issues .
m1 have long term debt of $ 350 mil and short term debt of $ 76 . 6 mil . they have cash on hand of $ 6 . 1 mil .
m1 limited , a registered company , was registered on 13 mar 2001 . 9429036981045 is the nzbn it was issued . this company has been managed by 2 directors : david ray moody - an active director whose contract started on 13 mar 2001 , marion rose moody - an active director whose contract started on 13 mar 2001 . updated on 13 apr 2018 , the bizdb data contains detailed information about 1 address : level 12 17 albert street , auckland , 1141 ( category : registered , physical ) . m1 limited had been using bds chartered accountants ltd , lvl 12 17 albert st , auckland as their registered address up until 31 jul 2017 . a total of 100 shares are issued to 2 shareholders ( 2 groups ) . the first group includes 50 shares ( 50 % ) held by 1 entity . next we have the second group which consists of 1 shareholder in control of 50 shares ( 50 % ) .
the m1 data roaming service with wi - fi provides customers with affordable roaming options across multiple devices , such as the iphone , ipad and android - based smartphone and tablets .
the valuation at this point is not much different from my previous article . the environment , from what i understand became more competitive , and m1’s result is reflective of that .
urltoken we live in a fast paced world where everything changes quickly . to keep up - to - date , m1 limited is transforming itself to meet the ever changing needs of its business consumers by offering the latest next generation national fibre broadband network ( next gen nbn ) as ramalingam , general manager of marketing services and enterprise marketing elaborates . with the next gen nbn , m1 is offering competitive services such as fixed voice communication , fixed broadband and data centre services etc . being new player to the sme and enterprise business segment , m1 is leveraging on the fact that it has a more freedom to innovate and offer more value for their services by prioritising each customer ' s needs while not sticking to traditional business rules and methods . it strives to differentiate itself from its more experienced competitors by customising services to each customer ' s requirements and to offer superior after - sales support . by integrating its mobile and fixed services , m1 is able to offer a holistic consumer experience for its customers .
influenza a virus matrix m1 protein is membrane associated and plays a crucial role in virus assembly and budding . the n - terminal two thirds of m1 protein was resolved by x - ray crystallography . the overall 3d structure as well as arrangement of the molecule in relation to the viral membrane remains obscure . now a proteolytic digestion of virions with bromelain was used as an instrument for the in situ assessment of the m1 protein structure . the lipid bilayer around the subviral particles lacking glycoprotein spikes was partially disrupted as was shown by transmission electron microscopy . a phenomenon of m1 protein fragmentation inside the subviral particles was revealed by sds - page analysis followed by in - gel trypsin hydrolysis and maldi - tof mass spectrometry analysis of the additional bands . putative bromelain - digestion sites appeared to be located at the surface of the m1 protein globule and could be used as landmarks for 3d molecular modeling .
m1 trades at 8 . 2x fy18f ev / ebitda , below the 9 - 11x of its local peers . valuations are supported by a forecast dividend yield of over 6 % .
established in 1992 , city telecom ( hk ) limited ( sehk : 1137 ; nasdaq : ctel ) provides integrated telecommunications services in hong kong . city telecom’s wholly - owned subsidiary , hong kong broadband network limited
hkbn
, is in the process of expanding its network coverage from 1 . 4 mn to 2 . 0 mn homepass , reaching 90 % of hong kong’s households . hkbn has achieved an aggregate voice , broadband ( symmetric 25mbps up to 1gbps ) , ip - tv , mobile and corporate data services base in excess of 680 , 000 subscriptions . additional information on city telecom can be found at
what do you guys think of the limited editions . what are the pro ' s and con ' s i bought one of these but still feel like i want a wwii model to have a piece of history . i hope there are no con ' s lol , but i respect all opinions . thanks
the watch is both durable and water resistant for up to 30 meters giving you the peace of mind to take on the world . download meta manager app to your android or iphone . stay up to date with the notifications you choose : glance at your caller - id , see your schedule , read imessages and text messages , and more without having to pull your phone out of your pocket . get the functionality without paying the price , and grab a meta m1 limited smart watch today !
dividend stocks such as valuetronics holdings and m1 can help diversify the constant stream of cash flows from your portfolio . dividends play an important role in compounding returns in theread more . . .
it looks like the iphone and smartphone sales are controlling m1’s biggest problem the last few quarters , which is high churn rates . here is a summary of what i think of their results :
i assume you mean one of the new springfield armory inc m1s ? and not the d - day memorial ones ? i have a new
limited edition ,
springfield inc and i have shot it occasionaly . its very accurate and very nice , never a problem on the range . my only
compaint ,
is that it is very difficult to take apart . the trigger guard does not want to go back . i too want a wwii m1 garand to keep her company and probably will get one later from the cmp
a limited edition commemorative is no more or less than one of these commemorative plates or coins . they are made up of what ever , used usgi or commercial parts and fancied up . the only real value is in the eyes of the person owning them . we have a fellow here in n w missouri who made limited edition county commemorative winchester 97 ' s . a friend of mine bought one and decided to sell it and invest the money elsewhere . no go stuck with it . if you like them buy one and enjoy it but i don ' t think they would make a good financial move . just my opinion though . have a nice day .
i happen to have owned and liked sa inc new garands . however , these limited edition models imho are a likely no win deal as far as investments are concerned . you are better off buying their standard model and shooting it . keep it nice and it will likely be worth as much as a ltd down the road . imho
even if there is no entry of a fourth mobile player , we do not expect m1 to raise its payout ratio ( fy15 : 80 % ) or pay special dividends in the next two years .
hi thirt13n , take a look at how much international calls goes to the bottom line for m1 compare to the other 2 telcos . international calls disruption with 3g and data messaging and voip is a problem
they look more expensive . the value point is definitely during the hay days when ev / ebitda is like 6 - 7 times for starhub and m1 with the upcoming issues laid out in the open .
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singaporean fixed and mobile operator m1 limited ( m1 ) says its net income for fy2011 climbed 4 . 5 % year - on - year to sgd164 . 1 million ( usd83 million ) , while operating revenue increased 8 . 8 % to sgd1 . 06 billion . the company said the rises were driven by higher service revenue and handset sales ; service revenues rose 2 . 4 % y - o - y to sgd750 . 5 million , buoyed by strong mobile subscriber growth and an improved contribution from fixed services . further , turnover from non - voice services increased 3 . 7 % to account for 35 . 6 % of service revenue , fuelled by the popularity of smartphones , which are now used by around 67 % of total post - paid customers .
m1 continues to enjoy good billing momentum from multi - year enterprise and public sector jobs ( including smart nation projects ) . this has fuelled the 22 % yoy rise in fixed services sales in 2q / 1hfy17 .
the news of the m1 review came weeks after competitor telco starhub moved its account from long - time media partner mindshare to carat . meanwhile , last year singtel also moved its media account from mec to havas .
warning : we ' ll have a very few number of units available for worldwide shipment , so all the die hard hc collectors who wish to purchase this very rare and limited item , should email us to shop @ holocaustocanibal . com , once they ' re gone , they ' re gone for forever , no re - press , no re - stock .
future platforms that support both cat - m1 and nb - iot may ultimately allow providers to hedge their bets , but until then it is crucial to understand the technical data and consider the real added - value before choosing .
lte - m is part of mobile iot solutions based on 3gpp standard release 13 released in june 2016 . it introduces a new category m1 device optimised for the iot able to address the lpwa connectivity requirements of key verticals .
m1’s mobile service revenue ( msr ) continues to be impacted by over - the - top ( ott ) substitution . msr fell 2 . 8 % yoy in 1hfy17 , driven mainly by the 17 % decline in prepaid revenue .
we welcome starhub to join us in this project , as their experience and diversity complement the strengths of cti and m1 . we are confident that this will create sparkling synergy for the consortium ,
mr . wong added .
cat m1 can enhance lte coverage for underground and in - building areas that challenge existing coverage . combined with telstra ' s existing leading lte coverage , customers can deploy a range of near real time applications in logistics , utilities , medicine , transport , mining , agriculture , manufacturing and many more . as cat m1 devices and solutions become commercially available , telstra is set to support their operation across its expansive 4g network which covers over 98 % of the australian population .
hi , i am a stock newbie . you mentioned that m1 is a dividend season buy . can help elaborate ? when do i know when to buy this stock & earn dividends ? are there similar stocks like such out there ?
oct 24 ( reuters ) - m1 ltd : * entered into a share subscription agreement with its wholly owned subsidiary kliq pte . and merchantrade asia sdn * co to increase its investment in capital of kliq from s $ 100 , 000 . . .
valid comparison on the kpis by the author , however the use cases for the two technologies can be quite varied . what use does it make to use a cat - m1 device which transmits once in day and a packet size of ~ 50kb .
in this investigation we have explored the relationship between the weak allogenicity of cardiac myocytes and their capacity to present allo - antigens by examining the ability of a human cardiac myocyte cell line ( w - 1 ) to process and present nominal antigens . w - 1 cells ( hla - a * 0201 and hla - dr beta1 * 0301 ) pulsed with the influenza a matrix 1 ( 58 - 66 ) peptide ( m1 ) were able to serve as targets for the hla - a * 0201 restricted ctl line pg , specific for m1 - peptide . however , pg - ctls were unable to lyse w - 1 target cells infected with a recombinant vaccinia virus expressing the m1 protein ( m1 - vac ) . pretreatment of these m1 - vac targets with ifn - gamma partially restored their ability to process and present the m1 peptide . however , parallel studies demonstrated that ifn - gamma pretreated w - 1 ' s could not process tetanus toxin ( tt ) or present the tt ( 830 - 843 ) peptide to hla - dr3 restricted tt - primed t cells . semi - quantitative rt - pcr measurements revealed significantly lower constitutive levels of expression for mhc class i , tap - 1 / 2 , and lmp - 2 / 7 genes in w - 1s that could be elevated by pretreatment with ifn - gamma to values equal to or greater than those expressed in ebv - pbls . however , mrna levels for the genes encoding mhc class ii , ii , ciita , and dma / b were markedly lower in both untreated and ifn - gamma pretreated w - 1s relative to ebv - pbls . furthermore , pulse - chase analysis of the corresponding genes revealed significantly lower protein levels and longer half - life expression in w - 1s relative to ebv - pbls . these results suggest that weak allogenicity of cardiac myocytes may be governed by their limited expression of mhc genes and gene products critical for antigen processing and presentation .
customers who do not have bank accounts / atm cards can opt to make cash payment at m1’s imm and paragon outlets . customers will also need to complete a one - time verification process at any of the two outlets , as part of regulatory requirements .
qualcomm incorporated ( nasdaq : qcom ) today announced at mwc shanghai that its subsidiary , qualcomm technologies , inc . , is bringing lte categories m1 ( emtc ) and nb1 ( nb - iot ) connectivity to the wearables industry with the launch of the new
- hong kong ' s city telecom ( cti ) and singapore ' s m1 and starhub today signed the consortium agreement , as part of their bid to design , build and operate the passive infrastructure network capable of delivering ultra - high broadband speeds for singapore .
“m1 is proactively expanding upon their value proposition for international data roaming services by integrating global wi - fi access . m1 customers expect high - quality , innovative services that deliver excellent value . global wi - fi roaming complements their 3g and 4g roaming services to deliver a more robust set of connectivity options for international travelers” said steve livingston , senior vice president at ipass . “ipass omx combines the most technically advanced connection management software with the world’s largest commercial wi - fi footprint , offering new market opportunities for telecom service providers . ”
standby power consumption is a function of design and technology used , and essentially should not differ between cat - m1 and nb - iot . active power consumption does differ among the two technologies . it is essentially the multiplication of transmitted power density and the length of transmission .
if this becomes reality for the 34 - mile stretch of the m1 , which seems highly likely , it would certainly negate some of the current benefits of operating this section as a ' smart ' motorway where motorists are allowed to use the hard shoulder to reduce congestion .
payments for m1 remit transactions can be made conveniently at any one of the 915 axs machines located in shopping malls , office buildings and other sites islandwide using an atm card . this is unlike typical remittance services where customers have to queue at a physical outlet to deposit their payment .
operating costs grew to more expensive handsets and fixed services costs . m1 ' s net profits in q3 dipped 4 . 8 % yoy from $ 34 . 4m in 2016 to $ 32 . 8m in 2017 , according to dbs equity research . for the first nine . . .
if instead we use the same assumptions ( equal tx power , noise figure and target throughput ) , we will see that the above expectations hold : in ul both standards have the same coverage , and in dl cat - m1 has ~ 8db better coverage than nb - iot .
we met up with m1 last week . we expect its mobile service revenue to be slightly under pressure in fy16 / 17 ( - 0 . 6 % / - 0 . 4 % ) due to the recent launch of lower priced sim - only plans and upsized data promos .
coupled with higher capex , we lower our dcf - based target price by 22 . 6 % to s $ 2 . 40 . m1’s valuation is still not attractive , with fy16 ev / opfcf of 12 . 7x climbing to 16 . 5x in fy20 once earnings hit its trough .
this piece is about my reflection on what i see in the first quarter results . subsequently after the announcement , m1 share price gapped down . i am struggling to see where is the strong double bottom my friend b talked about . if you manage to spot it do let me know .
sometime down the road , maybe 30 - 40 years , i wouldn ' t be suprised to see them as kind of a niche item for lovers of all thing sa inc . but , i suspect a usgi m1 that is fairly correct ( especially correct barrel ) and in good shape will be worth a lot more . uncle sam ain ' t making any more , and scarce usgi parts are only getting scarcer . i ' d imagine that in 40 years , one with its original wwii barrel in good shape will be worth twice as much . if you really want an investment and are willing to spend a little more than the limited ed . costs , a collector ' s grade from the cmp will probably triple ( or more ) in value over the next 15 years .
starting with dl active power consumption , cat - m1 has substantially higher throughput support ( both x6 in bandwidth and higher modulation support ) than nb - iot . as a result , ue time for specific data to be received is substantially smaller , resulting in an estimated 50 % lower active power consumption than nb - iot .
management expects handset cost to remain high due to stiff competition and re - contracting / retention activities . its postpaid base contracted 4 , 000 in 2q17 as m1 shut down its 2g network and migrated 2g data subs to its machine - to - machine ( m2m ) platform , which is not part of the subscriber tally .
“we’ve had the m1 business since 2010 . it is a partnership that is built on mutual trust and a strong spirit of collaboration . we have great respect for each other and it is indeed an honour to continue this relationship with one of the strongest communications service providers in singapore , ” helen lee , managing director at zenith singapore said .
both cat - m1 and nb - iot are being pursued aggressively to become the de - facto connectivity solution for iot products . while both standards fare well in different scenarios , it is critical not to take market perceptions at face value but rather compare both solutions evenly , all things being equal , in order to make the right technology decisions .
the rac said it was a
landmark proposal
but warned that it would negate the benefits of the m1 upgrade for motorists – and said it feared it could just be the start . technical director david bizley said :
this is a landmark proposal as to the best of our knowledge motorway speed limits have not previously been lowered in order to comply with environmental legislation .
one 26 bit wiegand proximity reader or keypad can be installed for each m1 keypad on the system . the elk - m1pr is an internal proximity reader that permits touchless reading of m1prc proximity cards and m1prf proximity fobs . these cards and fobs are designed for use with the m1pr . if an external proximity reader is used , use the cards and fobs designed for that particular device .
according to 3gpp , the mcl for cat - m1 is 155 . 7 db while nb - iot is 164 db – an extraordinary difference of more than 8 db . on the surface , this would indicate a significant advantage for nb - iot’s performance . yet , this comes as a surprise because according to the shannon theory , low snr approximation capacity is independent of bandwidth if the noise is white .
the proven expertise and experience that the partners bring to the consortium , backed by their knowledge of the local operating environment and conditions , will ensure a strong and resilient bid . we are committed to the building of a network infrastructure for the future , one that will enable singaporeans to enjoy high - speed and cutting edge broadband technology in the years to come ,
said neil montefiore , ceo of m1 .
categories : europe stock alerts yahoo financeget full capitalcube analysis * disclaimer : this is as of previous day’s closing price . technical indicators below is a quick look at 5 technical indicators for m1 ltd . . more studies are available on the technical chart . indicator signal closing price above / below 50 day moving average bullish closing price above / below 200 day moving average bearish 50 . . . read more ( read more . . . )
as the first operator in europe , kpn successfully trialled the new internet of things ( iot ) technology lte - m in november 2016 ( also known as lte cat - m1 ) . the lte - m technology is complementary to the recently introduced lorawan network of kpn as well as to existing machine - to - machine ( m2m ) use cases on 4g . kpn is planning a nationwide lte - m roll - out by the end of 2017 .
references to
qualcomm
; may mean qualcomm incorporated , or subsidiaries or business units within the qualcomm corporate structure , as applicable . materials that are as of a specific date , including but not limited to press releases , presentations , blog posts and webcasts , may have been superseded by subsequent events or disclosures . qualcomm incorporated includes qualcomm ' s licensing business , qtl , and the vast majority of its patent portfolio . qualcomm technologies , inc . , a wholly - owned subsidiary of qualcomm incorporated , operates , along with its subsidiaries , substantially all of qualcomm ' s engineering , research and development functions , and substantially all of its products and services businesses . qualcomm products referenced on this page are products of qualcomm technologies , inc . and / or its subsidiaries .
2002 / 04 / 16 - commission letter - english version only -
hard copy document
files # : 8740 - a53 - 04 / 02 , 8740 - j1 - 562 / 02 , 8740 - m1 - 809 / 02 , 8740 - n5 - 870 / 02 , 8740 - n2 - 663 / 02 description : letter addressed to aliant telecom inc . - re : aliant telecom tariff notice no . 4 and associated tariff notices - aliant ' s request to withdraw tariff notices is acceptable
telefónica is fostering all gsma lpwa technologies in line with its promise to offer the best iot connectivity . in the space of lte - m , on 14th of february 2017 , telefónica completed the first live lte cat m1 data call in europe involving major players of the iot ecosystem . from 2017 2nd quarter onwards , according also to devices availability , telefónica in europe will be ready to support the first customer experiences using the new protocol . telefónica is running a gsma lte - m open lab in madrid (
hong kong and singapore , 20 march 2008 - hong kong ' s city telecom ( cti ) and singapore ' s m1 and starhub today signed a memorandum of understanding ( mou ) to jointly form a consortium to design , build and operate the passive infrastructure network capable of delivering ultra high broadband speeds for singapore . the consortium will jointly submit a bid that will meet all the criteria for the infocomm development authority of singapore’s request - for - proposal ( rfp ) for the network company ( netco ) .
. © 2017 at & t intellectual property . all rights reserved . at & t , the globe logo and other marks are trademarks and service marks of at & t intellectual property and / or at & t affiliated companies . all other marks contained herein are the property of their respective owners . * claim based on the nielsen certified data network score . score includes data reported by wireless consumers in the nielsen mobile insights survey , network measurements from nielsen mobile performance and nielsen drive test benchmarks for q3 + q4 2016 across 121 markets . * * global coverage claim based on offering discounted voice and data roaming ; lte roaming ; and voice roaming in more countries than any other u . s . based carrier . international service required . coverage not available in all areas . coverage may vary per country and be limited / restricted in some countries .
“the smart wearables industry continues to grow with prolific innovation across targeted opportunities such as kids , pets , elderly , and fitness , ” said pankaj kedia , senior director , product management , qualcomm technologies , inc . “to effectively scale , these opportunities require ultra - low power , highly energy efficient , always connected , and cost - efficient solutions . with the introduction of snapdragon wear 1200 , we extend our wearables offerings to bring lte iot categories m1 and nb1 to connect the next generation of wearable devices and provide an exciting complement to our highly successful snapdragon wear 2100 platform for smartwatches . ”
has announced its rollout guidelines amid growing calls for strengthened regulation , noting that by january 2019 it expects 4g licensees to have boosted in - building signal coverage to more than 85 % . furthermore , the watchdog says that any new network operators will also have to adhere to the new standards , although they will be given more time to deploy their networks . telegeography notes that as at 31 march 2016 , between them the country’s three incumbent cellcos – singtel , starhub and m1 – had a total of 4 . 242 million 4g subscribers , of which 3 . 771 million were on post - paid contracts .
orange is one of the world ' s leading telecommunications operators with sales of 40 . 9 billion euros in 2016 and 155 , 000 employees worldwide at 31 december 2016 , including 96 , 000 employees in france . present in 29 countries , the group has a total customer base of 263 million customers worldwide at 31 december 2016 , including 202 million mobile customers and 18 million fixed broadband customers . orange is also a leading provider of global it and telecommunication services to multinational companies , under the brand orange business services . in march 2015 , the group presented its new strategic plan
essentials2020
which places customer experience at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its new generation networks . orange is listed on euronext paris ( symbol ora ) and on the new york stock exchange ( symbol oran ) . for more information on the internet and on your mobile : www . orange . com , urltoken or to follow us on twitter : @ orangegrouppr . orange and any other orange product or service names included in this material are trademarks of orange or orange brand services limited .