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ENG - Engin Limited

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I suspect the accounts have been prepared and will be presented within the next 1 - 2 weeks.

Like seems to be the case with this stock, when an annoucement that is favourable is going to be made then people seem to know 1 - 2 weeks prior and the share price moves.

Just look at how the share price moved prior to the annoucement of the EGM and the issueing of new shares


anyhow

I think there will be a lot of interest in the stock tomorrow



ij
 
I'm glad that I got in while its low and more importantly held them after such low activities for the pass few months.

11.11% yesterday and so far 12% today.

I suspect maybe it is news about finally break even or,
take over?
 
The break even seems more likely.

If it were a takeover, which companies would be interested? Telstra? Singapore Telecommunications Limited? TEL - New Zealand? Or a company not in the telecommuncations business?
 
strongly doubt it'd be a takeover bid. telstra is too busy twiddling its thumbs over how to get out of the rut it's in.

i'd say it's the annual report with sound financial results .
 
We'll see how this one open today, will it open strongly like yesterday or maybe we'll see some profit takers?
 
Apparently announcement is due on Tuesday...should be an interesting week for this little one!

​
 
People certainly must be expecting good results. This company could go so far, provided Telstra or someone else doesn't blow them out of the water!
 
Probably not today
Holding not too bad considering how badly the market is going
 
Fab said:
Probably not today
Holding not too bad considering how badly the market is going
Click to expand...
You have got to be joking , they are down nearly 20 % and hit a low of 23 cents . There is talk of more capital raising so breakeven has probably not been achieved . Make no mistake this is bad news . Share price will drop to low of 20 cents.
 
Everything is down big today. I'm not panicking because there was strong buying before they got the speeding ticket.

I'm a little sick of seeing red arrows today though.
 
Bad day today - nit I know why, I bought back in so down she went

Anyway, in relation to:
You have got to be joking , they are down nearly 20 % and hit a low of 23 cents . There is talk of more capital raising so breakeven has probably not been achieved . Make no mistake this is bad news . Share price will drop to low of 20 cents.

Trader, no, sorry but you have to be joking.
Read up on the ann before making statements - you obviously dont know the stock

The cap raising was known for ages, they have $3m in the bank, heaps, but they want to do a marketing blitz and expand

This should go well beyond 30c in the coming week

Anyway, no one answered this question before - do you think they will trading halt tmrw, or just release the news?

Cheers...
 

Pharaoh - thanks for echoing my sentiment .....all that changed today was some news that engin are seeking advice on whom to make placement with....potentially either someone wants a big slice of the pie or there are some parties at the table engin want to negotiate with

With respect to trading halt - no, I don't think so. As today's announcement says, things must be at early stages and engin feel that when discussion proceeds to reasonable point, then they'll inform the market. I'd expect to see trading halt then if there's any partnerships or significant commercial arrangements.

Results I think will just come in due course as is.....
 
cool, thanks crazy
I heard somewhere Paul Jeronimo said ann should be out tomorrow, was meant initially to be today

can't say for sure though, but i'm hoping

Would love to see testing of old highs of 40-50c
 
I'm holding on.

I think we'll see some fluctuation over the next few months and it will trade in the 24c to 30c range until we see significant news.

Remember, that most investment/fund managers are governed by certain policies on what they can/can not invest in - usually based on mirroring an index like the All ords etc.

Until Engin have a capitalisation and position in overall market, then institutions are limited in what they can invest.

Breakeven in my view has already been factored into the price.

I think something on the BPL trial in Tasmania and turning that into a full fledged residential and commercial offerring would be the type of significant thing to put sp. to next level.

Alternately, another teleco buying them out would be interesting. Remember - there's more than Optus or Telstra....someone like iiNet or Singtel etc ? 40,000+ customers to "inherit" !

Otherwise, some form of partnership with a phone manafacturer so the Voice Box and phone get rolled into one device.....as "simple" as that sounds, I know from talking with my mum for example, that the less boxes etc involved, the more likely customers are to take it up....
 
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