ENG - Engin Limited
- Thread starter Duckman#72
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Of course this is still a good buy. Eng are the market leaders in VoiP...and VoiP is the way of the future in telephony....including video/conference calls and the like.
I am holding mine, and intend to buy more in the spp that was voted on yesterday at the egm.
It may not be by christmas...but these shares will be on the other side of 50c soon.
I am holding mine, and intend to buy more in the spp that was voted on yesterday at the egm.
It may not be by christmas...but these shares will be on the other side of 50c soon.
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Mick - if I read correctly, existing shareholders will be entitled to purchase up to $5000 of stock. Reading the releases on the ASX web for Engin, appears placement will be targetted to increase liquidity of stock (ie. large parcels to major investors).
When will the new shares be issued ? Iam thinking to buy some more.
I would be interested to know if someone could let me know what are the forecast on ENG, it sounds to me like a good stock but there is a lot of competition out there and with broadband speed being capped by Telstra the growth prospect in the short term does not appear that good , to me they can only try to increase the customer base.
I like the fact that they have been starting paying some good dividend so I am not sure this will be regular as the share price has been goind down recently.
Any feedback or comments will be welcome .
Cheers
I would be interested to know if someone could let me know what are the forecast on ENG, it sounds to me like a good stock but there is a lot of competition out there and with broadband speed being capped by Telstra the growth prospect in the short term does not appear that good , to me they can only try to increase the customer base.
I like the fact that they have been starting paying some good dividend so I am not sure this will be regular as the share price has been goind down recently.
Any feedback or comments will be welcome .
Cheers
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This is a risky stock, but it has great potential. I think it is one of those services that spreads well by word of mouth.
Remember Internet and Broadband usage will increase a s##tload over the next 5 years. That means increased potential for this stock to grow quickly.
Remember Internet and Broadband usage will increase a s##tload over the next 5 years. That means increased potential for this stock to grow quickly.
I understand they are risk. I go by the experience that happened in country like France where they are already on speed that are over 10 times faster than the one in Australia and Engin box type of reseller spread everywhere. The main think to do at this stage in my opinion is grow the customer base which ENG is doing and the main issue in the future is competition and how to make a dollar out of a service which does not cost much.
I like ENG but I see it as a risky stock too. My question is why a company like ENG would succeed instead of other VOIP reseller ??
I like ENG but I see it as a risky stock too. My question is why a company like ENG would succeed instead of other VOIP reseller ??
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I must say I have to agree with FAB. Risky stock yes. It is a spec at best.
Others have mentioned that word of mouth is one of the keys to this stock. I must admit I have thought it is not a bad product. I use. However, when my brother was looking at VOIP it makes much more sense to bunddle with his current ISP. In fact, many ISP offer free VOIP minutes.
This leads me to think. If you can get it free why purchase it? Same argument as MP3. Secondly all local (Aust wide) calls are same price as ENG.
I admit international are more expensive with his ISP.
Still this is offset as no need to buy a VioiceBox (Engin specific hardware).
With all of this said the major barrier to ENG Voip (for the average punter) is difficulty of setup. If you can call your existing isp, use a standard handset and simply plug into your router why go with ENG.
Im loosing faith in this stock. When I cannot recommend myself it is time to move on.
Just my thought. I would like constructive critism of it. Major upside with ENG is bussiness VOIP.
I love to play devils advocate
Others have mentioned that word of mouth is one of the keys to this stock. I must admit I have thought it is not a bad product. I use. However, when my brother was looking at VOIP it makes much more sense to bunddle with his current ISP. In fact, many ISP offer free VOIP minutes.
This leads me to think. If you can get it free why purchase it? Same argument as MP3. Secondly all local (Aust wide) calls are same price as ENG.
I admit international are more expensive with his ISP.
Still this is offset as no need to buy a VioiceBox (Engin specific hardware).
With all of this said the major barrier to ENG Voip (for the average punter) is difficulty of setup. If you can call your existing isp, use a standard handset and simply plug into your router why go with ENG.
Im loosing faith in this stock. When I cannot recommend myself it is time to move on.
Just my thought. I would like constructive critism of it. Major upside with ENG is bussiness VOIP.
I love to play devils advocate
G'day all.
I've held this one since Jan. Managed to cash some in on the spike.
But now I'm wondering about the effect of the current capital raising on the share price from now until after the new shares are issued?? Does anyone have any ideas on this??
I would expect that - barring some big news, they could be pretty flat until well after the new issue. Is that a reasonable expectation?
The other issue bothering me is - when will the big players ie. Telstra get onboard and claim their stake, and try to recapture market share and customers.
Any ideas or opinions out there??
I've held this one since Jan. Managed to cash some in on the spike.
But now I'm wondering about the effect of the current capital raising on the share price from now until after the new shares are issued?? Does anyone have any ideas on this??
I would expect that - barring some big news, they could be pretty flat until well after the new issue. Is that a reasonable expectation?
The other issue bothering me is - when will the big players ie. Telstra get onboard and claim their stake, and try to recapture market share and customers.
Any ideas or opinions out there??
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I have little experience with the effects of capital raisings on share prices.
At the moment ENG would still be acquiring about 4000 new customers a month. Perhaps a few more deals could be struck with other related companies as well.
Telstra could offer the same services as ENG at a lower price, but at the moment I can't really see them doing it. This service is a hell of a lot cheaper, and would mean reduced revenues for telstra.
There are a lot of Bigpond customers out there, and Telstra could offer a voip service to all the Bigpond customers perhaps, but I don't see it happening.
With higher interest rates, and high fuel costs, people's disposable income is stretch - which could lead to more people switching to ENG's cheaper service!!!
Voip is the way of the future, today no one can live without the internet, and soon no one with be able the survive without their voip phone.
At the moment ENG would still be acquiring about 4000 new customers a month. Perhaps a few more deals could be struck with other related companies as well.
Telstra could offer the same services as ENG at a lower price, but at the moment I can't really see them doing it. This service is a hell of a lot cheaper, and would mean reduced revenues for telstra.
There are a lot of Bigpond customers out there, and Telstra could offer a voip service to all the Bigpond customers perhaps, but I don't see it happening.
With higher interest rates, and high fuel costs, people's disposable income is stretch - which could lead to more people switching to ENG's cheaper service!!!
Voip is the way of the future, today no one can live without the internet, and soon no one with be able the survive without their voip phone.
Yeah - thanks Watsonc.
I guess i figure that Telstra will lose revenue to voip whether they are in it or not - but in the long haul - wouldnt they lose more revenue if their customer are migrating to alternative providers??
good point about disposable income - surely everyone is looking to save a few bucks here and there. - thats gotta be good for voip.
I guess i figure that Telstra will lose revenue to voip whether they are in it or not - but in the long haul - wouldnt they lose more revenue if their customer are migrating to alternative providers??
good point about disposable income - surely everyone is looking to save a few bucks here and there.
- thats gotta be good for voip.Dukey said:
I've been wondering the same thing and have also held onto these shares making some small profits along the way.
The share price has been on a gradual decline since the spike.. I think the concept and the product itself is quite good however it doesn't seem to be reflected in the share price. I actually use the engin service and have been very happy with the product.
My concern would be that there are very few listed buyers and there doesn't seem to be much support below the 22-24 cent range.. i.e. this could drop quite a deal further
Seems fairly stable 22-24 c lately. But who knows?
Of course the other possibility is that, even if the price drops - that will mean the spp price will be lower too. Maybe it will be a good buying opportunity.
Or would it be better to wait until the proposed expansion is in place and the advertising is doing its thing pulling in new customers etc.
-Dukey
Of course the other possibility is that, even if the price drops - that will mean the spp price will be lower too. Maybe it will be a good buying opportunity.
Or would it be better to wait until the proposed expansion is in place and the advertising is doing its thing pulling in new customers etc.
-Dukey
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Anyone saw a big volume jump right before closing on this today?
Went from 545,300 to 1,021,999 within the last 10 minute.
Anyone kind to offer the cause of this? Annuncement maybe on the pipeline?
Went from 545,300 to 1,021,999 within the last 10 minute.
Anyone kind to offer the cause of this? Annuncement maybe on the pipeline?
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There must be good news around the corner. Or maybe investors forgot about this one, and suddenly realised the ENG's results are due for reporting.
Many businesses in Tamworth (a country town) have been switching to the Engin service. I think all things are going well for the company at the moment.
Maybe Telstra might make an offer (a take over bid) lol.
Many businesses in Tamworth (a country town) have been switching to the Engin service. I think all things are going well for the company at the moment.
Maybe Telstra might make an offer (a take over bid) lol.
