ENG - Engin Limited
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Re: ENG - Engin Limited - support lvl?
I'm afraid yes, but also a very strong resistance at $0.32.
1 of 2 options with a bit of volume, to break resistance & go higher to the unknow or break support & go down to next support level of $0.29
I was expecting a lot more SP increase BEFORE 32c resistance becomes that tough!
pharaoh said:
I'm afraid yes, but also a very strong resistance at $0.32.
1 of 2 options with a bit of volume, to break resistance & go higher to the unknow or break support & go down to next support level of $0.29
I was expecting a lot more SP increase BEFORE 32c resistance becomes that tough!
DOn't worry, it tends to do this I feel.
It rises up, sits at a level for a short time, then moves back up again.
Also, ABC TV is running a doco of some sort on Engin, they did a filming at their office about 2 weeks ago.
Can't wait to see that aired, that should pump the sp, and numbers up nicely.
It rises up, sits at a level for a short time, then moves back up again.
Also, ABC TV is running a doco of some sort on Engin, they did a filming at their office about 2 weeks ago.
Can't wait to see that aired, that should pump the sp, and numbers up nicely.
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pharaoh said:
I've been trying to find out when that is going to air...and on what program...7.30 report maybe???
I see there's someone joined the forum calling themselves engin...maybe they'd know?
I was happy with trade today, slow and steady but still a nice little increase...and I'm sitting in 2nd place in the stock competition.
Sandik
Sorry I don't know but the program has been put on my look out for list. As for the nic, I've been in this stock since last September, and it's the one stock I own that I'm falling dangerously in love with. Something one should never do with shares.
But I can't fault the Management of the Company in delivering all they set out to do. This may well be the right stock in a very exciting industry at the moment with huge potential.
Good luck and fortune to all holders
Sorry I don't know but the program has been put on my look out for list. As for the nic, I've been in this stock since last September, and it's the one stock I own that I'm falling dangerously in love with. Something one should never do with shares.
But I can't fault the Management of the Company in delivering all they set out to do. This may well be the right stock in a very exciting industry at the moment with huge potential.
Good luck and fortune to all holders
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Thanks Engin, I spotted that you'd joined and was keen to find out if you were management or just a shareholder!
You're right, the more I hear about the management of this co. they're delivering the goods.
Welcome, and thanks for putting my mind at ease! Wonder what the day ahead will hold????
You're right, the more I hear about the management of this co. they're delivering the goods.
Welcome, and thanks for putting my mind at ease! Wonder what the day ahead will hold????
Engin said:
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Great day thus far...up another 6%, and twice as many buyers as sellers....looking good!
gez. this thing got the momentum..
wonder how long can it last.
Has anyone seen their financial statement? The growth of the expenses are as much as the revenue. The business is still losing money dispite the 80% sales jump. Are there anything that suggest the company is on track of beocming profitable?
wonder how long can it last.
Has anyone seen their financial statement? The growth of the expenses are as much as the revenue. The business is still losing money dispite the 80% sales jump. Are there anything that suggest the company is on track of beocming profitable?
Guys
I read an impressive post today on another site, from a member.
It is a huge post, but trust me, is really well written, and gives you a great deal of understanding, inhis opinion, why it has done so well, and why it will continue to do so.
Grab a coffee, sit back and read - it is in two seperate posts...
Let me know what you think
And I quote...
"I started jotting some thoughts on the weekend after reading last week's debate on this stock. I've had some industry exposure in the past, so thought I'd contribute my perception of past, present and future.
Got a bit side tracked with domestic responsibilities, so didn't quite finish it on the weekend.
So here it is now for what it's worth.
Although I keep a close eye on the figures reported, my choice for investing in Eng is not based on purely on traditional FA or TA techniques alone, I think in this PARTICULAR case, such a view would not provide the complete picture for its potential. This is a unique situation.
I've been a quiet Eng believer since 13.5c and accumulated to my capacity during the 13-15 stage.
Through some of the quiet periods, I also had to resist the urge to pull the trigger, particularly during the 21->16.5c dip. A tough call at the time, but in hindsight, certainly glad of it.
A couple of things that helped my restraint were 1) having a fair idea that the sophisticated instos were probably cashing in some quick profits after the 14c placement, and the other, reminding myself of the following points I concluded during my initial and ongoing due diligence/research into Engin (ENG).
1) imo Voip is part of a revolution which we are at the beginning of. It's the new killer application for the internet. In time imo, it will be a 'must have' product replacing the once considered irreplacable, fixed line phone of the 20th century.
2)Regardless of competition, ANY company equipped with the appropriate resources, infrastructure and licencing, expertise, (all significant barriers to entry btw) which can EFFECTVELY provide the service end to end, operationally and administratively (provissioning, call handling, billing, crm, etc) will imo survive and even thrive in some form (albeit some through consolidation).
Engin is doing this now and had approx a YEAR to grow and learn from the understandable teething problems in paving the way. Any new entrants regardless of scale, will have a similar learning curve with the additional challenge of taking on a well established brand which is already a market leader and fast approaching its 'pre-pubescent' stage so to speak (beyond teething)..
3) imo Engin has an excellent marketing model. Of the numerous voip providers in Oz today, who does the average Joe associate voip with I ask myself ?
4) in paving the way for this new application, Engin have planned and forcasted thoughtfully, informed the market appropriately and todate, DELIVERED...
Not an easy task given the technical complexity (network wise, not customer use wise) and interconnect hurdles, both finacial and technical, in providing a nation wide service (again significant barriers of entry), not to mention introducing a new product unknown outside the industry.
imo These guys know what they're doing!... very high on my priority list.
5) when they got the $$ for the vodaphone settlement,
the shareholders were paid in full.... to me a sign of INTEGRITY.... again very high on my list. They look after shareholders.
6) They're actively involved in shaping the industry... eg with input through bpl, acif,
etc... more leadership qualities.
I read an impressive post today on another site, from a member.
It is a huge post, but trust me, is really well written, and gives you a great deal of understanding, inhis opinion, why it has done so well, and why it will continue to do so.
Grab a coffee, sit back and read - it is in two seperate posts...
Let me know what you think
And I quote...
"I started jotting some thoughts on the weekend after reading last week's debate on this stock. I've had some industry exposure in the past, so thought I'd contribute my perception of past, present and future.
Got a bit side tracked with domestic responsibilities, so didn't quite finish it on the weekend.
So here it is now for what it's worth.
Although I keep a close eye on the figures reported, my choice for investing in Eng is not based on purely on traditional FA or TA techniques alone, I think in this PARTICULAR case, such a view would not provide the complete picture for its potential. This is a unique situation.
I've been a quiet Eng believer since 13.5c and accumulated to my capacity during the 13-15 stage.
Through some of the quiet periods, I also had to resist the urge to pull the trigger, particularly during the 21->16.5c dip. A tough call at the time, but in hindsight, certainly glad of it.
A couple of things that helped my restraint were 1) having a fair idea that the sophisticated instos were probably cashing in some quick profits after the 14c placement, and the other, reminding myself of the following points I concluded during my initial and ongoing due diligence/research into Engin (ENG).
1) imo Voip is part of a revolution which we are at the beginning of. It's the new killer application for the internet. In time imo, it will be a 'must have' product replacing the once considered irreplacable, fixed line phone of the 20th century.
2)Regardless of competition, ANY company equipped with the appropriate resources, infrastructure and licencing, expertise, (all significant barriers to entry btw) which can EFFECTVELY provide the service end to end, operationally and administratively (provissioning, call handling, billing, crm, etc) will imo survive and even thrive in some form (albeit some through consolidation).
Engin is doing this now and had approx a YEAR to grow and learn from the understandable teething problems in paving the way. Any new entrants regardless of scale, will have a similar learning curve with the additional challenge of taking on a well established brand which is already a market leader and fast approaching its 'pre-pubescent' stage so to speak (beyond teething)..
3) imo Engin has an excellent marketing model. Of the numerous voip providers in Oz today, who does the average Joe associate voip with I ask myself ?
4) in paving the way for this new application, Engin have planned and forcasted thoughtfully, informed the market appropriately and todate, DELIVERED...
Not an easy task given the technical complexity (network wise, not customer use wise) and interconnect hurdles, both finacial and technical, in providing a nation wide service (again significant barriers of entry), not to mention introducing a new product unknown outside the industry.
imo These guys know what they're doing!... very high on my priority list.
5) when they got the $$ for the vodaphone settlement,
the shareholders were paid in full.... to me a sign of INTEGRITY.... again very high on my list. They look after shareholders.
6) They're actively involved in shaping the industry... eg with input through bpl, acif,
etc... more leadership qualities.
continued....
Additional observations I made as we've progressed :
- respectable management and a highly competant technical team (have to be to get this far successfully)..
- Market Leader in providing Voip... with a year head start on new entrants.
- Established Brand with solid distribution channels.
- Economies of scale kicking in slowly but surely.
Also noticed their development is appropriately staged and imo, swift yet sensible (within their means). Future plans for network expansion, overseas expansion are imo well timed within existing capabilities. Sensible growth strategy (big picture wise)
- They've successfully capitalised on resources from their previous mobile reselling business (demonstrating effeciency and resourcefulness). Their foresight in changing its business model from what it was, to what it is, and where it's going, is to me, highly impressive. (They knew the big picture, saw what was coming and positioned and prepared themselves accordingly)
- going forward, imho, regardless of future competition, government regulation.. blah blah, Engin will be there, either as a dominant force, or the owner of significant market share. If acquired then in spirit, but whatever its position, it will be PROMINENT in Voip.
I say this because firstly, they've demonstrated to me, 4 commendable qualities to earn my respect.
-Astute forsight and vision with the drive and nouse to make it happen. (this is rare.. true leadership stuff). This places new entrants in perpetual catchup mode in just having to provide an equivelent service, let alone an enhanced differentiated one.
-Sensible approach to developing the business, particularly as a pioneer in Oz.
-Core skills (both managerial and technical) are of a high calibre to achieve what they've done..
-Well respected in the industry and broader community.
They've been the quiet achiever preparing themselves for over a year before the mass unveiling... (not with the continual empty hype as we've all synically come to
expect, but hype when appropriate and more significantly, with SUBSTANCE).
To me a company of good character.
And secondly, because of their current positioning within the big picture.
If I may elaborate... the following may also address some points raised in last week's debate.
Let me share a little background in illustrating why I believe so.
The tech (dot.com) stock hype of 1999-2000 which resulted in the bubble bursting, was simply ....premature. Dot.coms were selling ideas and concepts that the world was simply not equipped to embrace (quickly). There was no foundation to support the hype which imo was initially led by some amazing visionaries that were just way ahead of their time (of course the parasites quickly hopped on the bandwagon selling stupidity desguised as concepts for a quick buck...unfortunately tainting the true dot.com concept along with investor confidence).
Manufacturers needed the time to design and build the products, which they wouldn't consider without consumer demand. There could be no consumer demand as consumers needed the time for a gradual exposure in adopting and adjusting to new technology, Governing bodies needed the time to develop appropriate regulatory controls and establishing standards. There were no synergies between vendors and service providers.. All this on a worldwide scale required time... and not the 6-12 months touted at the time.
Well 6 years later here we are... governments, Industry leaders, manufacters, service providers, consumers... society... the World.... is now ready.
The tech revolution I'm refering to, consists of a myriad of applications designed for the internet, which is now sufficiently developed to provide the undelying platform or the foundation to support the new age.
Consumer awareness, available end products, associated carriage systems, appropriate regulatory controls and standards (on a worldwide basis) and most importantly, consumer demand now exists for marketing real products which could only be concepts back in 2000.
Voip is one of those applications. Its been around a long time, primarily in the Carrier and enterprise arena within closed networks. Acceptable call quality in the consumer market could never be reached until significant network upgrades would allow vendor interoperability through standardisation, voice traffic prioritisation for quality of service and more significantly...speed... ie enough bandwidth to transmit the call packets without significant delay (throughout the ENTIRE network).
With these restrictions resolved, Voip could then become a serious alternative to the fixed telephone. To meet this objective, network upgrades were ongoing, enabling them for voip, but the final element to bridge the gap and open the gates for voip (and other 'you beaut' applications just waiting 'til the networks were conditioned to accomodate them) was BROADBAND. Given the scale and magnitude of this worldwide preparation, it's inderstandable that it's taken this long... but we're there.
Business, lifestyle, entertainment, communications, shopping, etc, can now migrate to the internet and reach the mass market. The convenience and empowerment offered now justifies expenditure on broadband and hence consumer demand, also, voip can now be a driver in itself with the associated cost savings and acceptable quality offered.
So now if you picture how Engin is positioned in the market (in line with the growing consumer demand for broadband) and it's strategic alliances with broadband providers.... well... I don't think competition with them would be a comfortable proposition for any new entrant unprepared.
The point raised about iinet (or primus, internode etc) having their own voip product is valid, but consider this, Engin have reported a 40% market share. Even if that recedes to say 30-35% due to emerging new entrants, given the projected growth of broadband this year, that's still a sh*tload of subscribers. If you then consider, Engin is only a few thousand subs from breakeven, the true potential is quite staggering for this little titan imo.
So while consumers were acclimatising all things internet, dialup, websites, search engines, broadband, ecommerce, radio, chat rooms, etc.... while networks were being upgraded and applications prepared for the new age (commencing 2006).. Eng grabbed onto a niche.. and what a niche... a product with the power to replace the telephone as we've known it since it's invention.. No other application, no matter how clever, can boast a profile to that level. They were quietly building brand awareness, educating and introducing voip, establishing distribution channels, sorting out teething problems, basically preparing for that big wave... which is starting to swell now.
Another point imo re competion, Engin, besides having the lead in many aspects also has the added and benefit of being a differentiator. It has a unique business model in Australia. It is VOIP and nothing but VOIP.. They are THE specialists in the industry with a fully regulatory and standards compliant product. No encumberances of other incomes streams to divide attention. Ordinarily, diversification would be wise to hedge ones bets, but in this case, just as the whole world uses the telephone, the whole world will in time use Voip... I think it's safe to say there will be enough for them to do just providing this one service (along with all its potential variances).
They've already commenced on a mass marketing program and have established a nationwide distribution system to cater for it, (smart cookies if you ask me).
iinet, primus and other potential competitors' first target will be their own broadband customer base. Further, voip is not their core business, that's a lot to take on as an extension to their business. Also, imo, by the time any competitor starts showing any measurable effect in the mass market, Engin should be way past break even, and own a significant subscriber base, which by then they're ESTABLISHED.
What I'm witnessing is the introduction of a technology with the ability to replace what was once considered irreplacable, the humble telephone, an essential item for every household and business, globally... by a company
which has done its homework and prepared accordingly... good recipe for success.
The carriers used voip first, then enterprise, followed by smes, now available to the consumer.
Voip will be a household product.. that's a lot of widgets for sale imho.
To me, here is a company of substance, with a revolutionary high profile product, prepared and ready to cater for explosive growth in the mass market... regardless of the swot analyses... I think it's a unique investment... the likes of which, I'll probably
not see again in my lifetime. (unless an economically viable alternative for crude oil is introduced).... I'll be in that one as well, for sure.
So... I decided not to sell...
cheers"
Additional observations I made as we've progressed :
- respectable management and a highly competant technical team (have to be to get this far successfully)..
- Market Leader in providing Voip... with a year head start on new entrants.
- Established Brand with solid distribution channels.
- Economies of scale kicking in slowly but surely.
Also noticed their development is appropriately staged and imo, swift yet sensible (within their means). Future plans for network expansion, overseas expansion are imo well timed within existing capabilities. Sensible growth strategy (big picture wise)
- They've successfully capitalised on resources from their previous mobile reselling business (demonstrating effeciency and resourcefulness). Their foresight in changing its business model from what it was, to what it is, and where it's going, is to me, highly impressive. (They knew the big picture, saw what was coming and positioned and prepared themselves accordingly)
- going forward, imho, regardless of future competition, government regulation.. blah blah, Engin will be there, either as a dominant force, or the owner of significant market share. If acquired then in spirit, but whatever its position, it will be PROMINENT in Voip.
I say this because firstly, they've demonstrated to me, 4 commendable qualities to earn my respect.
-Astute forsight and vision with the drive and nouse to make it happen. (this is rare.. true leadership stuff). This places new entrants in perpetual catchup mode in just having to provide an equivelent service, let alone an enhanced differentiated one.
-Sensible approach to developing the business, particularly as a pioneer in Oz.
-Core skills (both managerial and technical) are of a high calibre to achieve what they've done..
-Well respected in the industry and broader community.
They've been the quiet achiever preparing themselves for over a year before the mass unveiling... (not with the continual empty hype as we've all synically come to
expect, but hype when appropriate and more significantly, with SUBSTANCE).
To me a company of good character.
And secondly, because of their current positioning within the big picture.
If I may elaborate... the following may also address some points raised in last week's debate.
Let me share a little background in illustrating why I believe so.
The tech (dot.com) stock hype of 1999-2000 which resulted in the bubble bursting, was simply ....premature. Dot.coms were selling ideas and concepts that the world was simply not equipped to embrace (quickly). There was no foundation to support the hype which imo was initially led by some amazing visionaries that were just way ahead of their time (of course the parasites quickly hopped on the bandwagon selling stupidity desguised as concepts for a quick buck...unfortunately tainting the true dot.com concept along with investor confidence).
Manufacturers needed the time to design and build the products, which they wouldn't consider without consumer demand. There could be no consumer demand as consumers needed the time for a gradual exposure in adopting and adjusting to new technology, Governing bodies needed the time to develop appropriate regulatory controls and establishing standards. There were no synergies between vendors and service providers.. All this on a worldwide scale required time... and not the 6-12 months touted at the time.
Well 6 years later here we are... governments, Industry leaders, manufacters, service providers, consumers... society... the World.... is now ready.
The tech revolution I'm refering to, consists of a myriad of applications designed for the internet, which is now sufficiently developed to provide the undelying platform or the foundation to support the new age.
Consumer awareness, available end products, associated carriage systems, appropriate regulatory controls and standards (on a worldwide basis) and most importantly, consumer demand now exists for marketing real products which could only be concepts back in 2000.
Voip is one of those applications. Its been around a long time, primarily in the Carrier and enterprise arena within closed networks. Acceptable call quality in the consumer market could never be reached until significant network upgrades would allow vendor interoperability through standardisation, voice traffic prioritisation for quality of service and more significantly...speed... ie enough bandwidth to transmit the call packets without significant delay (throughout the ENTIRE network).
With these restrictions resolved, Voip could then become a serious alternative to the fixed telephone. To meet this objective, network upgrades were ongoing, enabling them for voip, but the final element to bridge the gap and open the gates for voip (and other 'you beaut' applications just waiting 'til the networks were conditioned to accomodate them) was BROADBAND. Given the scale and magnitude of this worldwide preparation, it's inderstandable that it's taken this long... but we're there.
Business, lifestyle, entertainment, communications, shopping, etc, can now migrate to the internet and reach the mass market. The convenience and empowerment offered now justifies expenditure on broadband and hence consumer demand, also, voip can now be a driver in itself with the associated cost savings and acceptable quality offered.
So now if you picture how Engin is positioned in the market (in line with the growing consumer demand for broadband) and it's strategic alliances with broadband providers.... well... I don't think competition with them would be a comfortable proposition for any new entrant unprepared.
The point raised about iinet (or primus, internode etc) having their own voip product is valid, but consider this, Engin have reported a 40% market share. Even if that recedes to say 30-35% due to emerging new entrants, given the projected growth of broadband this year, that's still a sh*tload of subscribers. If you then consider, Engin is only a few thousand subs from breakeven, the true potential is quite staggering for this little titan imo.
So while consumers were acclimatising all things internet, dialup, websites, search engines, broadband, ecommerce, radio, chat rooms, etc.... while networks were being upgraded and applications prepared for the new age (commencing 2006).. Eng grabbed onto a niche.. and what a niche... a product with the power to replace the telephone as we've known it since it's invention.. No other application, no matter how clever, can boast a profile to that level. They were quietly building brand awareness, educating and introducing voip, establishing distribution channels, sorting out teething problems, basically preparing for that big wave... which is starting to swell now.
Another point imo re competion, Engin, besides having the lead in many aspects also has the added and benefit of being a differentiator. It has a unique business model in Australia. It is VOIP and nothing but VOIP.. They are THE specialists in the industry with a fully regulatory and standards compliant product. No encumberances of other incomes streams to divide attention. Ordinarily, diversification would be wise to hedge ones bets, but in this case, just as the whole world uses the telephone, the whole world will in time use Voip... I think it's safe to say there will be enough for them to do just providing this one service (along with all its potential variances).
They've already commenced on a mass marketing program and have established a nationwide distribution system to cater for it, (smart cookies if you ask me).
iinet, primus and other potential competitors' first target will be their own broadband customer base. Further, voip is not their core business, that's a lot to take on as an extension to their business. Also, imo, by the time any competitor starts showing any measurable effect in the mass market, Engin should be way past break even, and own a significant subscriber base, which by then they're ESTABLISHED.
What I'm witnessing is the introduction of a technology with the ability to replace what was once considered irreplacable, the humble telephone, an essential item for every household and business, globally... by a company
which has done its homework and prepared accordingly... good recipe for success.
The carriers used voip first, then enterprise, followed by smes, now available to the consumer.
Voip will be a household product.. that's a lot of widgets for sale imho.
To me, here is a company of substance, with a revolutionary high profile product, prepared and ready to cater for explosive growth in the mass market... regardless of the swot analyses... I think it's a unique investment... the likes of which, I'll probably
not see again in my lifetime. (unless an economically viable alternative for crude oil is introduced).... I'll be in that one as well, for sure.
So... I decided not to sell...
cheers"
Still a little confused however. why is eng's expenses soo high. is it a little worrying that despite huge revenes no profits have been made? good day today. happy with the pirchase, licking the lips at 36c, but tailed off a bit. unfortunately didnt finish at high, may signal early weakness tommorow, lets wait and see.
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Lachlan6 said:
I actually think today's run was the end of it until another ann comes out, may be some more details about NZ expansions.
I think it was logical to get to 36c on half year's report as I personally liked it & I think everyone did as well, it also made everyone think that ENG is going in right direction.
I'm scared now of a panic sellout on open tomorrow, since breaking 32c was not hard at all, then in my little knowledge it will mean that sellers are expecting run to continue, if it doesn't, they'll have to get out immediatly & that will come at a cost.
intresting to see how it will go from here
Hi guys
Lachlan, you should read the history.
Costs have been high Why? Cos they have expanded massively in hardware, infrastructure and bandwidth the last few months, that was expected, a new company, with this growth, needs to set itself up.
Hang in there.
Did you read the long post?
As for tomorrows trading, I have chatted with loads of people on the forums, and they are waiting for it to get to 30c before they buy in or top up.
That is just on the forums.
Everyday there are news articles on vopi, it is going to continue to rise imo, but that's just me.
Read around and see what others feel. The sentiment is incredibly strong at the moment.
imo, it will open high tomorrow and keep pushing up.
Lachlan, you should read the history.
Costs have been high Why? Cos they have expanded massively in hardware, infrastructure and bandwidth the last few months, that was expected, a new company, with this growth, needs to set itself up.
Hang in there.
Did you read the long post?
As for tomorrows trading, I have chatted with loads of people on the forums, and they are waiting for it to get to 30c before they buy in or top up.
That is just on the forums.
Everyday there are news articles on vopi, it is going to continue to rise imo, but that's just me.
Read around and see what others feel. The sentiment is incredibly strong at the moment.
imo, it will open high tomorrow and keep pushing up.
Cheers pharaoh. Yes I was just a little unsure about that. Thanks for making that clarification. I am coming predominately from a technical, chart perspective and EGN is spot on at the moment. However it is good to have some fundamentals clarified. The other thing I wasnt sure about was why in the company reports that a loss was posted yet the stock still has a PE ratio? I'm probably missing something obvious here. But am interested to find out. Yes Pharao would be good to see it open higher tommorow. Lets wait and see.
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Going skyward today....up 5.5 (16.42%)....to 39.
Not many shares up for grabs from sellers either....much sought after stock...I missed out...I wanted to top up...oh well.
Not many shares up for grabs from sellers either....much sought after stock...I missed out...I wanted to top up...oh well.
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I have made $10,000 from this beauty so far, WOW! I just wished I had bought 5 times the amount I did!
Now don't be too greedy $10k is a nice little profit and they are still on the rise. Its lovely to see this stock go ahead. I actually bought back in Dec 04 when they were MOB, even though I paid 29c then I have had the benefit of 9c in dividends and now they are on the rise again, so its been great for me, even though when they droped down to 11c I was very worried and thought I might sell if they got back to 15c, when they did I decided to hold on and see what happened - I am sooo glad I did.
