Australian (ASX) Stock Market Forum

ENG - Engin Limited

ijudge said:
Just a quick note


cash at end of financial year = $2.976m
cash raised from seven network = $26.282m
net = $29.258 (ie end of year plus seven network)


Recent Announcement current cash at 20 Nov 2006 = $25m

this means in the 4 months 20 days LOSS = $4.258m


covert this to 6 months = $5.4m LOSS for this 6 months

really pretty much the same as previously

MORE SUBSCRIBERS DOES NOT MEAN MORE PROFIT



think carefully about this one


ij

Thanks Iijudges,

Did you do by any chances the same comparaison on FRE ? As I am expecting them to be in a similar type of situation but their sp keeps rising
 
Ad campaign ramping up?

Hey all - I notice today that when running Microsoft's Windows Live Messenger that a ad appeared down the bottom for Engin.

Asides from the TV campaign, has anyone else noticed new ads popping up?
 
Re: Ad campaign ramping up?

crazyadventures said:
Asides from the TV campaign, has anyone else noticed new ads popping up?

Certainly have. 20 cent calls to twenty countries. enginious!

Actually the Advertising is full on at the moment. I'm seeing it from a variety of sources.
 
Engin ad's - when will we see next subscriber numbers

"All I want for Christmas is my Engin subscriber numbers!"
"All I want for Christmas is my ...."

Anyone know when we can expect to see news on how things are going and where the $24M from Seven is being spent?
 
Sydney, Australia – 22 January 2006: Engin, Australia’s leading Internet Telephony company and Nokia, Australia’s most popular mobile phone brand today announced a breakthrough for consumers seeking low cost mobile phone bills. Through a collaboration between the two organisations, Engin customers will now be able to make cheap Internet phone calls using the first Mobile Internet Phone to be released in Australia, the Nokia N80 Internet Edition.

Is Telstra concerned?
 
Quote Uncle F : "Is Telstra concerned?"

Well - they oughta be!! Though with TLS it appears that it's almost impossible to change a company the size of a small nation. My friend who is a mid-level manager still swears that voip is insignificant to TLS. >>> heads in the sand are the norm there I think. Glad I don't own any ;)

Unfortunately I already had a sell order in for $0.27 for the remaining half of my ENG shares. If I had seen this news coming I might have waited longer - but thems the breaks!!

Can't be unhappy though as any profit is good profit, and managed to sell the first half at a glorious $0.49 last year.

I'm still sure ENG has a bright future but it may take a while to come to fruition. No doubt - this mobile deal and recent advertising will help. I will look at re-entering after the VOIP industry has been shaken out a bit.
 
It's certainly good news for engin shareholders. They have some powerful friends engin....ie nokia, seven, Intel, HP and many sales outlets Big W, Dick Smith etc.
We really haven't seen what Seven have in store yet either....
Could be an interesting few months, one things for sure they're never sitting on their butts at eng...they're always coming up with some new partnership, or some new technology. Well...they are the Australian VOIP leaders!
Ahhh....
 
Still hanging on for that day we see such news translated into a profitable company.

I hope this isn't too far off - we can only hang on for so long on.

Please don't get me wrong - the news is great - just not the news I'm holding for!

So far, there's been little IMHO that translates from "prospect" to "long term profitibality".

It is this and declaration of a dividend that I think will see Engin's SP take it's next big step.
 
sandik17 said:
It's certainly good news for engin shareholders. They have some powerful friends engin....ie nokia, seven, Intel, HP and many sales outlets Big W, Dick Smith etc.
We really haven't seen what Seven have in store yet either....
Could be an interesting few months, one things for sure they're never sitting on their butts at eng...they're always coming up with some new partnership, or some new technology. Well...they are the Australian VOIP leaders!
Ahhh....


I agree with this comment but the big question is how will all these partnership translate into some big money and that is what's holding ENG share price in my opinion
 
In the meantime ENG keeps on following. We need a very good announcement to reverse the trend
 
When is ENG due to report? I waiting for the half year result to make a decision on selling this stock.
 
I think Engin is positioning itself as a major player in voip. If you look @ what is happening in Europe and the US where voip are strongly part of the telephony landscape I think engin is building its customer base and a loss @ this stage is not a surprise.
I am expecting that ENG sp will go up from now on. 173% increase in revenue is to me a pretty good result.
 
Does anyone knows anything about what is going on with ENG? It keeps on going down no volume at all. I thought they were doing well there revenue went up over 170% but the share price keeps on sliding down further.
 
Does anyone knows anything about what is going on with ENG? It keeps on going down no volume at all. I thought they were doing well there revenue went up over 170% but the share price keeps on sliding down further.

They appear to have been a little more quiet on the media releases/sub numbers since the injection of capital Seven Digital Media and I suspect this has taken some of the shine of them.

As for what they are doing, Illka Tales was talking at a sharecafe.com.au conference last week.

The current business plan, as it has been since day 1, is to accelerate growth. They are now happy with their business model and consider "VoIP is proven and it's now time to ramp it up". One of the graphs was the same than was presented to share holders earlier this year showing a 50% uplift in sales late Jan/early Feb.

On the 1st of March they brought on two new plans - engin national and engin world. engin national offer unlimited local and national calls for $14.95/month. engin world offer 20 cent untimed calls into 20 different countries - thats untimed international calls for cheaper than ringing your neighbor on Telstra. To cater for these plans and growth in subs, about three weeks ago they put on another 24 call center staff. They indicate the "growth trajectory increasing and expected to steepen"

Another interesting development, although it's unclear if it would have any effect on the SP, is that they have completed technical trials of peering into the Yahoo7 messenger platform (thanks to Channel 7's Yahoo7 partnership) and are now in commercial negotiations. This would allow engin customers to contact some estimated 200 million Yahoo messenger subscribers from their phone. It could be some innovation which sets engin apart from their competitors.
 
Copped a bit of a hammering on here last time I was negative on this stock. Well on Fri I cashed out at 21c. I held in for some time and then realised the classic investor mistake of hanging in until it was back near purchased price. Very happy I'm out at a very small loss.

The opportunity cost of holding this has proven a joke. While my portfolio has gone up 40% in 6 months this has not moved in over a year. Time for an out...

Now to the voip market.
Have recently been provided some information in regards to this market. Take it as truth if you will however this was passed to my by the CEO of a reasonably large ISP yes in Aust whose kids go to a school I deal with.
1. Voip is a big loss leader for them. Basically any call that goes over 1.5mins is loosing money for their ISP. They rely on shorter call to make money on Voip. Or rather that they provide it in hope customers will package it with other ISP services.

As others have said. More customers for Engin does not mean more profits. Good company quickly loosing its lead of first(ish...) to market.

The market is getting flooded with voip providers and Engin have no clear cut strategy (not that will effect the SP anyway). I use Engin but find it difficult to recommend them to others given that the service is virtually the same as others and QoS is still reliant on your ISP regardless. Predicting a slow but steady move backwards:2twocents
 
Copped a bit of a hammering on here last time I was negative on this stock. Well on Fri I cashed out at 21c. I held in for some time and then realised the classic investor mistake of hanging in until it was back near purchased price. Very happy I'm out at a very small loss.

The opportunity cost of holding this has proven a joke. While my portfolio has gone up 40% in 6 months this has not moved in over a year. Time for an out...

Now to the voip market.
Have recently been provided some information in regards to this market. Take it as truth if you will however this was passed to my by the CEO of a reasonably large ISP yes in Aust whose kids go to a school I deal with.
1. Voip is a big loss leader for them. Basically any call that goes over 1.5mins is loosing money for their ISP. They rely on shorter call to make money on Voip. Or rather that they provide it in hope customers will package it with other ISP services.

As others have said. More customers for Engin does not mean more profits. Good company quickly loosing its lead of first(ish...) to market.

The market is getting flooded with voip providers and Engin have no clear cut strategy (not that will effect the SP anyway). I use Engin but find it difficult to recommend them to others given that the service is virtually the same as others and QoS is still reliant on your ISP regardless. Predicting a slow but steady move backwards:2twocents

Sure VOIP may cause an ISP to suffer, but this wouldn't affect ENG in the same way as they don't have to provide the connection. Just like as a customer increases bandwidth usage the ISP stands to make less money (relatively speaking). Maybe there are hidden costs associated with connecting a call, but I would be surprised to hear that there was any negative financial impact when a customer placed a call for an extended period. That being said, this stock is a total dog at the moment, just wish there was a more transparent cause (not sure how to read it atm).
 
ENG just got a ticket for speeding - in reverse!

ASX - " Is there any reason why your share price is going down the gurgler?"
ENG - "Not any reason that we're aware of..."

My small position gets smaller every day - waiting for a bounce to get out but there's been no bounces.

I'll do you all a favour and sell - that'll make the SP turn around!
 
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