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ENG - Engin Limited

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Hi IG

I agree with you.
I didn't want to challenge Duckman's post on the news being written into the current sp, for fear of being labelled bias.

Imo it is certainly not in the sp now, very very far from it.

I am holding ENG and have topped up twice this week, I am very open about that.

I seriously feel, imo, that the news will be very very positive, and hope to see that realised tomorrow.

Of course, we won't know til then, so all we are talking about is speculation.

I do know they are hiring loads more customer service staff at the moment to cope with the demand of calls and sign ups. That is a fact, it will be at least 20 staff, and they now will have about 150 staff - I found out during the week.

I believe staff numbers were 80-100 last quarter 05.

That is huge growth in such a short time.

I and many others could be wrong of course, but imo tmrw should surprise many.
No sleep tonight............
 
From Today's AIR Special Edition on Broadband:

In Australia, Engin Limited, (ASX:ENG) provides a retail broadband VoIP service offering whereby any telephone can be plugged into an engin box, which allows users to make high quality calls nationally and internationally over any broadband network. The beauty of the engine system is that you don’t have to switch on your PC to make or receive calls. This is identical to the approach of US based broadband phone system Vonage (of Vonage Holdings Corp., NJ, USA) which has been like the proverbial cat amongst the traditional RBOC (Regional Bell Operating Company) pigeons,boasting some 500,000 customers and growing at a rate of 60,000 customers per month.

Nice little report that one. :)
 
Re: ENG - Engin Limited - Up from 24c open to 27c

Thanks for the info Mumbank, that's good to see these articles coming in, there's been quite a few lately.

btw, I hate waiting for announcements....
 
looking froma subjective point of view, these guys financially are no better than previous year. (we have to disregard the VODAFONE money received as its not operational income)

so, if they could end up with same operations loss with a lot more customers & infrastructure to produce more customers then we're going in the right direction.

current stores selling products are big players, which means we're becoming more commercial than before.

Expantion in NZ is coming soon & break even point financially in June - July 2006.

More Net assets than previous period which means bigger infrastructure which is understandable, increasing customer base 3 folds in very short period will need very fast expansion costs in very short period of time.

I think this company is worming up to play the big boys game but sooner than what I expected.

I think results are amazing & I hope people were not expecting $100M profit within the last 6 months

I was thinking short term investment but I think I've just fallen in love :1luvu:
 
Hi IG and Sand

Sorry I missed out on all the fun tonight, and posts.
I was out all night and just got home.

Am going to take the time to sit down and read the announcements now.

I am sooooooooooo excited, I think from what I have read here and on other posts, that this is an amazing result. Some downplayed it a little, but that's cos they are d/t's probably.

I am going to hold for 12 months at least, and top up when I can.
Just wish I had bought 10k worth.....
 
Thank you to this forum for putting me onto this little gem. Just reading a little about the fundamentals of this company and i really think its technology will take off. Just a question for other forum members, does ENG have any major competitors. Surely it would, could not be patented technology.

Anyway one look at the weekly chart shows how good this stock may be. This week it broke strong resistance at $0.25, on huge volume, the second highest in its history in fact. In fact the volume paints a really positive picture, people are buying into ENG in truck loads. I think its next major resistance may be fibonnaci 50% retracement at around $0.53, I am definently buying into this stock on Monday. And is that PE ratio of 8 correct? Surely not. If so, that is the proverbial cherry on top
 

Hi Lachlan....glad we could be of help...it seems this stock has lovers and knockers! It is very unchartered waters (except for the history of FRE) and many 'unbelievers' are very sceptical. However if you can get past them...you'll do very well with these, as many of us have already done.

Admittedly I was disappointed with the report, while it was 'solid', it wasn't 'super' like I had expected. Although the market was certainly positive we will have to wait for the next announcement or two for that....but no problems, there's time!

Now, in regards to your question about the major competitors....well, there are certainly MANY competitors, however, the question is, are there any as good as eng? And the share price and volume yesterday tells me...I don't think so. ENG are certainly coming to the forefront in Aust with this technology. They are also cutting into the small (and soon larger) business market. ENG have spent a lot of money on advertising and are practically a household name. It's all about getting the 'word' out there with this technology. I use it, and it is really very good. They have had teething problems as one could expect being leaders in their field, and with the sheer volume of people joining...however, they have employed many new staff to help in this area.

Many others offer voip, either not as competitively priced (10c an untimed phonecall anywhere in Aust is damn good!) or not as easy to set up. This is very important for the people who don't have time to fiddle with settings etc to get this technology working.

Primus just entered the market and will certainly have a client base on the back of their internet subscribers...that will be interesting to see the impact that will have.

VoiP makes broadband affordable to the everyday family. It's just brilliant.
Welcome Lachlan...good luck with getting in on Monday...you won't be sorry!
 
I know most on here seem to be viewing the company on fundamentals, but a chart for those interested.

I have traded ENG twice now (just sold out) and done extremely well using the charts.

If all goes to plan we should be peaking about now, with a retrace to around 0.25 where I will be looking to get in again before the next push.Of course people in it for the long term need not worry too much.
 

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Hi Lachlan, Sand and Porper

Lachlan, welcome to Engin
YOU have found a little gem, and many of us feel we will see it rise to great heights over the next few months.

I use it at home, and love it, and have saved a fortune on phone bills. It's brilliant.

I don't mind if it retraces to 25c, as porper said, I will be buying heaps more if so.

Buyers now support it, and when it does drop back, everyone jumps back onboard.

You'll notice the market keeps raising and beating it's support levels, and that's what we should see ahead continue.

Good luck to you, and spread the word
 
sorry guys, what retrace are you talking about?

3 - 4 million shares traded at above 29c & it hit the 32 cents minutes before close.

A drop to 29c on close? You guys are not new to the game & of course brokers won't hold on to their stock over weekend & you know they have to dump it before close.

Volume on Friday was 8M shares which is double the average, expect a min of 4M shares to be traded on Monday & the the trend to continue to reach 35 -38c, I actually think we have a new support point at 29.5c that was just formed on Friday

For those who dream of a 25c entry again, I have NOOOO IDEA what you're talking about. The trend is going strong & its volume driven so for it to reverse we need to see a whole week of no volume first, it will not retrace in middle of action :headshake
 

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Thanks for the charts guys! Certainly exciting times ahead....a tad uncertain perhaps...but exciting none the less.

Can't remember ever wishing a weekend away...but looking forward to business hours on Monday!
 

Maybe you are correct, maybe not, we will see.

If ENG does push on,fine, there will always be another chance to catch the next action, so it going back to 0.25 is irrelevant really, just a possibility looking at it from where I sit.I am out for now until the dust settles from this little surge.
 

Hi Guys

I am with Porper. I think this could go either way.

Although the volume of shares traded was impressive - at the end of the day volume doesn't necessarily drive price. 8 Million shares were sold by people who were happy to get out. Don't forget there was a huge placement in early January at 14c with through institutional investors. I think on the back of the report plenty of investors would be pleased to get out with double of their money. The Financial Review didn't seem overly excited by the report (not that that means everything)

As for competitors, I am pleased that Sandik has been doing her homework - Primus had a writeup in the papers this week about entering the Voip market with 10c phone calls.

I must admit - Sandik has really been doing her homework. Yes ENG has been burning money in marketing and promotion - money they received from the Vodaphone payout last year.

Take some time to read the full set of financials - not the "investor spiel" they lodged with the financials. They were not a particularly impressive set of accounts. Sure the subscriber base is increasing - but its not making them any money. Forgetting the Vodaphone compensation why was revenue so poor?

In my opinion this company's SP is still running based on potential, and it could well make it - but until it looks a little more solid fundamentally I think there are companies like BMX that would prove a better investment for a similar outlay.

Finally - Sandik - spiritual leader! I have to ask. Are you working for ENG? If not you should be!! Practically a household name. What planet are you from? You make me laugh girl!

Duckman
 
Duckman,

You forget to put IMO (In my opinion) at the bottom of your post...not to mention NEG (negative slant taken on these shares).

8 million wanting to get out....yes, but plenty of takers (up to 32c no less) wanting to get in too! There was some big money being put into these shares, and lets face it...if you'd bought in at 11 and could sell for 30ish...you'd think about putting an order in too wouldn't you? However, the faithful know that this has the potential to go a lot further.

You make it sound like you are surprised that I've done my homework....Why do you think I got into these shares in the first place. You think I picked them to add to my portfolio just cause I liked their name. I knew then they were going places!

As for BMX being a better investment for similar outlay...well you'll have to be quick. It won't be long and eng will be taking over BMX's sp anyway, so please, keep to the BMX thread for ramping them to try to rally some support.

And finally Duckman....
a) I don't work for Eng....
b) I return the question back to you ..... What planet are you on if you DON'T think ENG is a household name...you even told us that some of the people at your work are using it???? You onlly have to surf the net, or pick up any magazine to see their advertising everywhere...or go into Harvey Norman, Office Works, Big W.....many others to see their product!

and
c) what makes you think I'm a girl?
 

Wow - don't get so defensive !! I am not attacking you personally. My post wasn't even that negative.

I'll respond best I can.

Term like "the faithful know how far this can go" only helps my case that the SP is being driven by believers in "potential, hopes and dreams". Thanks for confirming my post.

I never said I was surprised you had done your homework - I said I was pleased that you had.

I have only written a handful of BMX posts and you will notice the last one was criticising Chicken for being too upbeat about the share price. Maybe I'm a serial negative ramper!!

As for household name - I thought being a household name meant exactly that being known IN THE HOUSEHOLD. Not being known down at work, surfing the net, Harvey Norman's, Big W or in magazines at the hairdressers.

Catch you later, Mrs Duckman is looking ravishing and the kids are over at a friends house.

Duckman
 
Duckman#72 said:
Catch you later, Mrs Duckman is looking ravishing and the kids are over at a friends house.

Duckman
Click to expand...

eeewww! I would reply to the above post...only I read the last sentence, and have to switch the computer off....eewwww!
 
the record breaking volume proves the point that many wanted to join the party before but were skeptic about what ENG could really achieve & surely the idea here is not the CURRENT financial performance but into the building up of subscribers numbers & the infrastructure to grow more customers.

some skeptics (or we may call them more conservative investors) may wait until ENG breaks even financially & they compare it apple to apple to others who are cash flow positive in the market in same industry & may be other industries & imo that will be the point where the share price will carry on a lot of REAL good will value that may put it wherever it could reach & that price will be decided on whatever people think VOIP is worth in future not ENG in particular.

the amazing increase in customers numbers didn't impress me personally because that chance of a company in ENG's size to grow fast is possible BUT to keep on the same growth rate is what's hard. it just proved to me the theory that VOIP sells & market is responding to the message positively & also that ENG management can handle the pressure & are going in same direction, not necesserily that I trust them running a billion dollar multinational corporation but at least I think they're good enough to take ENG to next stage.

to be honest, speculating on how the SP will go from here is totally incorrect, I see it to be a matter of a personal opinion of how much VOIP can grow in future, the real price will be when the conservative investors join in as a safe investment. that's when we'll see possibly very high price.

cheers, that's my
 
Here are some interesting articles to read on this stock if your interested in gauging the fundamentals.. This first one seems to confirm what I suspected about dodgy ISP's and their use of bandwidth oversubscribing..

http://www.pcworld.idg.com.au/index.php/id;292717877;fp;2;fpid;1

One commentary below on the financials, but the articles is more balanced than the title suggests..

http://www.voipnews.com.au/content/view/1000/1/

This is direct feedback about a business grade VOIP trial which seems to be going okay..

http://www.zdnet.com.au/news/commun...minnow_goes_VoIP/0,2000061791,39236978,00.htm

This one is cause for concern and I don't recall reading about it anywhere. This sort of thing suggests internal organisation issues and a lack of process.. nothing unusual about process issues in small companies...just bad PR..

http://www.zdnet.com.au/news/securi...gin_s_CRM_system/0,2000061744,39212418,00.htm

Looking at whirlpool forums, opinion is mixed, but in saying that, they fare better than the vast majority of Broadband, VOIP or wireless providers.

http://forums.whirlpool.net.au/forum-search.cfm?s=1721&r=4562958
 
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