Australian (ASX) Stock Market Forum

ENG - Engin Limited

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roxy said:
Not sure why BrownHornet is being so negative but i would have to say eng is a strong buy at these levels. I dont think it is as speculative now that channel 7 are on board.
Click to expand...

Fair enough comment. I do own a reasonable sum of ENG however. So although I sound negative it is not because of VoIP. I think it is an absolute winner. Met a retired guy today who asked me about it which show signs that people want to save on phone calls.

My negative slant is on ENG maintaining a sizeable market share.
SevenFX said "No doubt shares like these could double & triple over time (weeks, months, years), but so could many others.....and they could also fall below 0.25cents support and make a bad situtation worse...???"

I agree. Opportunity cost. Lastly, in a market of so many VoIP providers how has ENG distinguished themselves. Here hoping the Yahoo deal makes them more synonymous with VoIP.
 
Nice long awaited run for ENG Up...9% (30cents) at 3.50PM

Will teach me for HOLDING a traded share FALLING and calling it a INVESTMENT.... :banghead:

Big Mistake. :eek:
 
SevenFX,

I have been holding and topping up on this one for a while as I believe they are heading the right way nevertheless I am the same as you no sure why it is heading north today.
I am wondering if there is anything to do with the new media law as Seven is now envolved in ENG :)
 
It sure is nice to see the upward movement of the SP. At first I thought it was because of the Intel & HP deal, but then I realised it was the release yesterday (17th) not today.

It actually did reach 30.5 cent right before close, it must be some last second trade which brough it down back to 29.5 cent.

2,145,997 volume is also one of the highest volume we've seen in awhile.

As Fab suggested the timing does match the new media law. Also wonder if there was other news in the horizon.

Did anyone see some single trades with huge volumes?
 
Good luck guys
I am a believer since 6c.

I got out regrettably at 23c, how bad is that?

Maybe BPL is coming out. Anyone know about that?
Eurora Energy Tassie and Country Energy QLD

Would be nice...
 
pharaoh said:
Maybe BPL is coming out. Anyone know about that?
Eurora Energy Tassie and Country Energy QLD
Click to expand...

Last I heard a couple of months ago was that Aurora was gearing to launch a commercial service in a month. Can't find the press release now. Must be close if it's not already running.

Further developments from engin's partner TasTel/Aurora is a fibre to the premises trial (http://www.tascolt.com.au/). While I believe both BPL and FTTP is immaterial to engin's SP, the future sure looks interesting. (There is no mention engin would be providing the Voice services for FTTP)

Ground Breaking Ultra Broadband Trial Commences The press release indicates the trial will provide among other things "the capacity for multiple voice lines and services". I guess that means a extra line for each teenage daugther or son too.
 
YChromozome, thanks for the information. IMO there will be a high chance Engin will be providing the voice services for the FTTP. Hope it'll be a successful trial.


pharaoh, 6c to 23c, definately not bad at all. Nice one.

Anyone have a guess of the SP today?
 
rawmaterial said:
Anyone have a guess of the SP today?
Click to expand...

Here my take on the upside....

Notice the double top (think) that perhaps caused the sharp retracement below the 75% mark...

I assuming I can atill use fib even though eng went sideways for some days, but didn't drop below the lowest retracement point....?????

Just my opinion....so happy to hear others take....
 

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There's gotta be something going on, and ENG up 25pts (8.47%) b4 markets opens....????

Anyone know anything....Looks like another good day 4 Engin...
 
Wish i knew
Could it be that ENG just looks that little bit better/safer - now that the board have shown they are savvy to important strategic partnerships, and prepared to get in with the big boys.
Surely these kind of partnerships struck with 7 and HP/intel provide a little insurance value to what is still a somewhat risky stock in the minds of many investors. (esp. post tech wreck).

In the absence of any big news - thats my take anyway !!
 
Sounds like the good way to go to me. I think a lot of people are wondering what direction will ENG take with the new directors. When we know that and break even figures then you might see the stock move much faster :)
 
When the HP deal was announced, I wrote it off as another no news ASX announcement. If they announced a simlar deal with Dell, I might have stood up and listened.

Interesting to see today:

Dell loses PC crown

HEWLETT-PACKARD has nudged Dell out as the leading seller of personal computers worldwide for the first time in nearly three years as growth in the overall market slowed, market research surveys showed.

I didn't realise HP had that much of a market share.
 
Me neither - hows HP's presence in Oz?

I'm in Japan - lots of sony; nec; fujitsu here !! - but not so relenent to ENG.
 
Havn't sussed it out in detail - but I know this - internet speeds here are pretty quick on average cause fibre-optic lines are up almost everywhere. I expect almost all new connections will be fibre.
Voip is well and truly here - but I'm not sure about the market, i expect it's growing quickly. We just moved recently - got the net on and voip phone all together - from NTT - the national telecom. BUT get this !!!... 3 small modems + 1 for wireless!! - 1 to recieve the fibre cable; 1 router ; one for voip phone; + the wireless transmitter. Crazy - wish they would consolidate them into fewer boxes!!
I think i recall my partner saying the call prices were half that of a regular line - but monthly rental is the same as before - of course the bills are in Japanese so its abit hard for me to decifer them!!
I'll ask her again and check.

Just found this which would suggest my 'half' factor maybe wrong - or we are geting ripped off!!
(from http://www.voipplanet.com/trends/article.php/3492571)
The broadband factor
Among the many factors driving Japan's embrace of VoIP, say analysts is the omnipresence of Broadband access. More than a quarter of the Japanese population enjoys high-speed Internet connections. And while the average U.S. broadband link is 3 Mbps, it is not uncommon for Japanese to experience 12Mbps online sessions.
Internet provider Softbank, recently purchased Japan Telecom, through which it is offering VoIP to some 860,000 subscribers.
Another reason for Japan's push into VoIP is the high price of making a circuit-switched telephone call. Using VoIP is up to eight times cheaper than traditional telephony, according to the Yankee Group.
 
Thank Dukey,

I guess ENG is moving up because the annual report has just been released. I have not read it but I believe it must be positive
 

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