ENG - Engin Limited

[srivest]

I suppose it depends on how long you want to keep that investment. Studying technical analysis at the moment, books are talking about following trends. So according to what I've read, that would not necessary be a good thing to buy while it is trending down unless your trading period is long enough to show an uptrend (ie: a year).

As you can see on the left, I'm a newbie. So don't flame me if I'm wrong

 

[Fab]

I did buy 14000 at 0.35 but as I believed that was a major resistance but it might not hold.
Market sentiment is not great at the moment which makes some good buying opportunities.

 

[pharaoh]

Fellow enginites

I sold ALL my stocks today, except for IMP and ENG
I will top up with the proceeds, on just these two stocks tmrw.

Eng sure has dropped, but so have almost every company I look at - it's massive

As said, it is just on emotion.

I sold one stock 3 days ago, on emotion, as i thought, oh ****e, I can't let my holding dwindle away to nothing

It went back up 13% on what I sold at - doh.

So, buy what you believe, don't follow the masses, and buy low, as this is a massive opportunity to get in low, and make huge profits - if you bought up quality stocks tmrw, closed the shares book for 12 months, and then just sold the whole lot in one go, do you really think you would be behind - I think not

Oh, in case you forgot one reason why Engin is such a good investment, they are is the voip behind Aurora energy in Tasmania, broadband+voip package over powerlines. Being launched in 6 months to 250,000 of their customers!!!!!!!!!!!!!

 

[ijudge]

Dear Srivest

the stock has been in a down trend the last 10 trading days
the question is where is the bottom of this downtrend
because once it breaks the down trend, it will be heading to the next uptrend

fundamentally there is nothing that has changed about the stock
since the stock was 30% higher some 10 days ago

there was some real vol buying that came in later this afternoon at the upper end of the days trading

the chart pattern today (on candle sticks) is a dragonfly doji (which is essentially a hammer at the end of a down trend), this is a very bullish indicator

i think a good night on wall street, to put the aussie market in the right frame of mind will see some positive movement in ENG tomorrow

however, i do note that ENG is below it's previously demonstrated resistance level, which is a worry


please see attached chart


ij

 

[ijudge]

Srivest

have a look at the longer term chart


attached



ij

 

[Fab]

I love green. It is back on my screen big time today and I am also happy I top up my ENG holding yesterday just before today annoucement. This put back a big smile on my face

 

[mick]

I had my order in at $0.36 this morning and missed out oh well .. was just topping up.

 

[crazyadventures]

Yum!

An $850M expected market by 2009.

Even if Engin can only snare 5% of this, it's a nice $170M incoming!

And it's only 3-4 years hopefully we need to hold on before we see that result!

 

[ijudge]

Yum!

An $850M expected market by 2009.

Even if Engin can only snare 5% of this, it's a nice $170M incoming!

And it's only 3-4 years hopefully we need to hold on before we see that result!

mate.... i do not think maths was your strong subject!!!

5% of $850m = $42.5m

ij

 

[crazyadventures]

Interesting to see Vonage listed in the US at a discount to their IPO price.

From what I've read, they've got a larger subscriber base, but aren't yet turning a solid profit.

I wonder if anyone has a share price comparison between the US and AUS teleco's that we might be able to use to gain an indicative price for ENG based on Vonage's SP ?

 

[ijudge]

interesting article
i have been watching vonage (VG:NYSE - use www.nyse.com)
and they came down another 10-12% last night on wall street

fundamentally, the average income per customer for vonage is

$26.63 per month
(the most commonly used package is $24.99 which included local and national calls and the user pays (quite high rates) for os calls)

net $319 per year.

they currently have 1.6m subscribers, which is growing rapidly
the previous year loss was something like $175m
on income of about $300m, there was about $180m of marketing expense. This income was on average of 1m subscribers


Engin is a little different...
av subscriber income is between $50 - $75 per month depends what you read, ie at the lower amount $50 this is $600 per year. Just ball park figures double what Vonage collects. If Vonage doubled their income for providing the same service on last years figures they would have income of some $600m on the same costs of $480m

and essentially vonage would be profitable


Of course there are a lot of factors including more competition over there in the US, US/AUD rates etc to factor in

but I think it would be hard to have profit at $26 / month income per sub, I think at $50 / month income it is achievable

ij

 

[ijudge]

Any comments about the recent share price movements????


ij

 

[pharaoh]

Re share price movement, i'm fine with it.
It will hold above 35c till this correction is over, and ann's will be coming soon, on MYOB, BPL, Breakeven etc to send it way up.

Good news today - read below.

________________

http://www.mobilised.com.au/content/view/363/1/

M2 Adds Optus, Engin In Quick Succession

Wednesday, 31 May 2006

In the past fortnight M2 Telecommunications Group has signed agreements with engin to resell VoIP service and Optus Communications for the resale of it mobile phone services in a move that significantly increases the range of its offerings.

The agreement announced today with Optus will see the company reseller Optus mobile services to existing and emerging telecommunications service providers through its Wholesale Telecommunications Services subsidiary.

The engin alliance for IP Telephony is to be bundled with the company’s direct sell M2 Mobile offering and will be branded as M2 VoIP.

M2's Managing Director, Vaughan Bowen said of VoIP and the alliance with engin; "We feel we are entering the VoIP market at the right time and with the right partner in engin. We conducted a lengthy evaluation of alternative network providers and the commercial viability of VoIP, which notwithstanding the considerable hype, remains a new protocol with only a select few companies able to generate positive earnings".

"We are in a unique position as we are very profitable, have strong underlying revenues, sizable cash reserves and proven distribution channels. By tapping into engin's VoIP network we will be able to make a very substantial impact in the VoIP market by supplying customers with a differentiated VoIP solution," said Mr. Bowen.

Of the extension to the relationship with Optus, Bowen said, "This is a very significant commercial alliance for M2 and builds on our already close relationship with Optus. M2 and Optus have already identified a number of prospective wholesale customers who have expressed a strong desire to take advantage of the excellent network coverage and mobile product suite offered by Optus. We anticipate some of these customers are capable of generating new mobile connections that would represent considerable growth".

David Katz, acting Manager Director of Optus Wholesale said, "Optus is committed to the wholesale telecommunications market within Australia and this partnership enables us to service and broaden our footprint in the largely untapped segment of mobile wholesalers. Optus looks forward to working with M2 in providing Optus mobile services - this partnership will enable M2 to demonstrate its knowledge to this niche of telco service providers."

 

[Fab]

eng does not appear to move much recently. Has anyone got any explaination for it ? My assumption is it might be related to the negative effect of iinet

 

[pharaoh]

Fab, holding pattern atm.
Support at 36c which is great

Wait for announcements
I don't trade eng - am just sitting on it, wait for break even, bpl launch etc
I trade others, not eng - but just top up when the wife gives me money...

 

[Fab]

Here we go. The announcement of a partnership with Intel sounds great for ENG but share price is only moving slightly higher probably because of the strong drop in the market today. I would expect ENG to go up in the next days. I am happy I recently topped up at 0.35

 

[sandik17]

Here we go. The announcement of a partnership with Intel sounds great for ENG but share price is only moving slightly higher probably because of the strong drop in the market today. I would expect ENG to go up in the next days. I am happy I recently topped up at 0.35

This is absolutely fantastic news for ENG. Intel are huge and the potential with this is enormous. It won't be long before we see some wonderful movement here...maybe early in the new fin year??

 

[Fab]

Not sure why ENG is being hammered today. Down around 11 %. Can anyone explain ?

 

[BlackTie]

I'm new to charting. WOuld it be a Head and Shoulder top reversal?

 

[pharaoh]

It's nerves
Gotta be stupid to sell during this whole panic atm

Patience will see us making loads of money on eng

Remember, bpl...