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ENG - Engin Limited

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Engin is looking very strong, holding nicely for an ann
I am gonna top up a bit tmrw, sandik and all, if you were going to, what would u hope for?

I am thinking maybe a buy at 45.5
 
pharaoh said:
Engin is looking very strong, holding nicely for an ann
I am gonna top up a bit tmrw, sandik and all, if you were going to, what would u hope for?

I am thinking maybe a buy at 45.5
Click to expand...

I had my order in at .45 the other day, but pulled it. Hard to say...if there's no financial announcement, sp may drop...and even if / when there is a financial announcment and it's not 'break-even', there may be a drop.
But at the moment it is certainly looking strong and holding very nicely.
 
I think ENG is looking more into new customers gained rather than financially break even, buyers want to see database full of customers & market share secured, money will have to come by force after market share.

the promise was to break even by END of FY & we're still 1 month short of end of FY. if ENG breaks even now on this week's ann then good luck to all holders.

 
sandik17 said:
http://www.brr.com.au/event/ENG/1744/10960/wmp
this is worth a look...and listen. . . Interesting mention at the end about the VoIP 'revolution' and Eng's competitors.
Click to expand...

Yeah, I've always wondered how the market can exist with all these players and how sustainable some of the businesses are.

Illka reports that of the 143 competitors, 40 no longer exist today. There are 43 'real' competitors to Engin, but the market is likely to see further consolidation in December this year when the ACMA bring in VoIP regulations. This will require VoIP providers to have redundancy, 99.99% uptime, allow triple zero calls and provide access to law enforcement, all services Ilkka indicates was built into Engin since interception.

Engin is also one of the few Voice Service Providers that have a Telecommunications Licence and I guess abiding by these stricter rules have paid off.
 
IGO4IT said:
if ENG breaks even now on this week's ann then good luck to all holders.

Click to expand...


Do you mean an upcoming announcement...or the ones earlier in the week pushing sales?
 
Re: ENG - Engin Limited - announcements out

2 out today - look at the new subscriber growth!!

If not for the correction today, this would be over 50c

This will go nuts over the next 1-2 months

Engin subscriber line base up 51pc over quarter
14:52, Monday, 15 May 2006

Sydney - Monday - May 15: (RWE Australian Business News) - Engin
Ltd (ASX code: ENG) today announced its paying subscriber line base
exceeded 31,000 at April 30, demonstrating continued growth in Voice
over Internet Protocol subscriber lines.
In the March quarter, Engin's subscriber line rise represented a
51 per cent quarter-on-quarter growth rate with the number of
Australians connecting to the Engin service reaching 27,400 at March 31.
Shares in Engin rose 1.5c to 47c today.
ENDS

Also appointed new COO - loads of experience, Barry Evans - came from being COO at Virgin Mobile

If the market sees a retrace, emerging stocks like Engin, which will be saving consumers money on their home phone bills, will rise where others may fall back.

Happy days
 
Does anyone think the announcement of a Chief Operating Officer might indicate that the company has or is rapidly approaching breakeven?

You'd assume this is a salary based role and would require board approval based on sound financials.

This to me indicates that the company believes that certain individuals should now be freed up to grow the business further, whilst someone else "babysits" the day-to-day operation of the subscriber base.

Personally, I read this announcement as as close to confirming breakeven as we are likely to see before the annual report.
 
crazyadventures said:
Does anyone think the announcement of a Chief Operating Officer might indicate that the company has or is rapidly approaching breakeven?
Click to expand...


Crazy, I don't think you will get any arguments from the so-called 'believers' of this stock. It's going to be a matter of when...not if they reach 'breakeven'. The management of this company is just high quality.

I would completely agree with you in regard to the new appointment. You will also notice that he has significant technological knowledge which is going to be essential to maintaining subscribers as eng keeps growing at such an alarming rate.

There is real potential in this stock, if not long term, then in the next six months as they break even. There is certainly questions about the competition, but there is going to be government standards enforced by the end of the year, and there will be many that won't stand up. Many of the 'other' VoIP providers don't offer essentials such as 000, and / or 1800, 13 numbers. Such items may not be important, however, people are using the VoIP technology such that they are not needing their "land line" anymore...thus leaving a problem with 000 calls. Engin have always maintained extremely high standards in this regard.

Anyway Crazy, I do believe Bro (broadip) is a contender to Eng, however, at 3.9c a share, I have decided to buy into them also and enjoy the ride again. (I've watched eng from 9c late last year, bought in at 11c...and took some profits earlier in the year). Bro are behind the 8 ball however, but do offer a different product, and have a variety of 'investment' interests (such as pocket portal and broadband).

Very interesting days ahead....
 
Dear Forum

My source for the subscriber numbers were wrong

previous suggestion was 29000, 34400

actual figures were 27400, 31000

still growing at a sound 3400 then 3600 per month

by this estimate we should be 38000 - 40000 byend of finacial year
the previous estimate for breakeven numbers were 30000
i suspect it will now be 40000 (or similiar)

all up quite a good improvement in subscriber numbers
(although a little below what I thought was correct (i won't trust that bitch who told me again))

i think the big question about this company is will they breakeven
by today's announcement it is becoming more and more likely that they will breakeven


it will be interesting to see how the market prices the stock tomorrow


ij
 
Guys I was thinking of bailing on ENG today, it has been such a **** stock for me lately, until I realised:

1) Clearly the negative market sentiment has not helped anyone
2) All these drops are on really low volume and a really small amount of trades

I think I will wait until the next announcement from ENG before I make a fixed descision, if its positive then we will get the jump we've been hoping for, and if its negative well it will just confirm the break in the uptrend and I'll be happy to get out with my loss.
 
MYOB starts net-call engin - Chris Jenkins - MAY 17, 2006 - Australian IT

Looks like MYOB is going to start offering engin to its SMB customers . . It has signed a reseller partnership with engin.

"We were able to negotiate quite a good deal," Mr Reed said. engin services offered to MYOB's small to medium business heartland will provide engin's "Voice Box" hardware, which allows a conventional phone to be used with a VoIP service, for $1, compared to the usual up-front cost of $139.
 
CTP, do what you like, but think u'll be crazy to do so.
This MYOB agreement is going to be huge. They haven't announced it yet, think will wait a few days till market stops being silly.

myob have a MASSIVE customer base.

This sets them apart from the rest, big time.

Hold on, it will be worth the wait...
 
crazyadventures said:
Update on Tasmanian BPL trial with Aurora.
Click to expand...

Aurora wants to light the way with BPL - Dahna McConnachie - 18/05/2006

Ultra fast Internet is set to race through power lines across Tasmania, with Auroa Energy also seeking to push its Broadband over Powerline (BPL) business model to utilities across the country.

. .

Aurora business development manager, Bob Darwin, said that Aurora is set to announce wholesale plans under the brand name of eAurora and dive into a full scale state-wide commercial rollout within the next two months.
 
Y, this will be huge.
Don't they have 250,000 customers they plan to market this broadband and voip over powerlines to????
 
SP in free fall at the moment, yikes!

Is it just the whole market, or something else?

I think it is just the market.
 
I believe 0.35 cents is the bottom. I just placed an order for 14000 shares. Not a bad price I believe to enter ENG specially if the gvt decide to boost broadband speed in the near future.
 
Market sentiment is not good in general for the market

i think eng is feeling this

one interesting thing is that fundamentally the company has not changed
the subscribers have increased
they are on track for breakeven

it is interesting that the stock market has knocked down the price so much
over just a period of a 10 days

when the share price is down is when you should be a buyer
and when it is up you should be a seller

when the share price is down there is a feeling of insecurity that makes you think that this stock is going down to nothing! this is emotion and not logic

people loose money on emotion
and profit with logic

i doubled my holding today (bought another 11000) at 35.5c

i will be halving it when they are on the upside of their trend curve

ij
 
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