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ENG - Engin Limited

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Pharoah, I'll buy more of ENG when its 70c in few months time & may be more than $1 early next year, but don't you find the CURRENT growth rate (of 20% in 2 day ) is just a little bit high?

don't worry, I'm not trying to put down value to buy again , I like to pay good price for a share that I sell for excellent price.

ENG is a winner, I just think that day traders had taken the price a way too far too soon & that by itself could brand a very nice share to be unstable if iSP drops suddenly & then consequences may be suffered by long term holders.

As a long term holder I'd be more intrested in a stock that goes up 1c every week rather than other that goes up 20% in a day & then goes down 15% the next day. my favourite long term hold is usually stable & growing, but this one I'm afraid to say is over growing & it does scare me to what may happen next. (I think that sounds funny - scared of overgrowing share )


cheers,
 
Hey IG

No, I agree. I am not 100% comfortable wit the excessive growth I guess. At the end of the day, I don't mind this one now, cos the short term goals which will really value this company (reaching breakeven sub base), is a short time away, so figure people are increasing the value of the sp to bring it in line just as quick.

Or people just see it will be worth $1 in a much shorter time than most shares.

But yeah, understand your thinking, I am hoping insto's will be buying in soon, and taking the baton from the day traders, meaning the sp will hold, then move up comfortably.
 
Fab said:
I am also attracted to ENG going ex dividend on the 17/04. This should compensate for some potential short term loses.
Click to expand...


Fab, hi, I did not know there was any talk of a dividend??? Can you tell me where you found out that information please. There were 'special' dividends given previously....is this what you are meaning?
Anyone else heard of a dividend?
 
Read on Commsec:
cents Franking Due date Payment date
"Interim 3.00 100 14 Apr, 05 02 May, 05
 
pharaoh said:
Or people just see it will be worth $1 in a much shorter time than most shares.
Click to expand...

Today its down to 39c as expected, a panic sellout was a must.

reaching an agreed value for the share (from investors point of view) is based on many factors & to be honest ENG currently if it is to be valued it would be valued in a comparison to others established & already cash flow positive equivalent companies & traditionally in same industry - for example: FRE (I'm not positive if its cash flow positive by the way )

Imo, the SP spike has 1 advantage which is that resistance point goes higher with it, unfortunately that's not based on fundemental basis (as in profitability, mngmnt abilities or potential ) its based solely that those who paid 45c refuse to lose half their investment & sell on 25-30c for instance.

in that case, you may find that those who came in for a 2 days ride may stay for longer because they can't afford to sell NOW & hoping for retrace that can at least give them their money back. all sorts of tricks you'll see happening in this case, starting from funny 1,000,000 share buy order that keep dropping down below current buy price to show positive buying attitude & encourage buyer, averaging down by buying at lower price which pushes prices higher a little bit & all other tricks come out in that case

Investors won't pay the high over valued price, investors put their money based on price analysis composed from many factors & they are patient, very very patient.

so how much is ENG worth now? imo, its up to those who bought recently on high prices & how long can they last before they give up & sell, once they sell investors will jump in.

if they don't sell soon, then price will go down slowly & that will still delay investors coming in because they still hope to get lower discounts, if they sell within a week & it goes quite for few days, this is when the big boys come in, big boys only buy on sideway charts!

I could be wrong, that's totally my own personal opinion & is not an advise to buy or sell.

Cheers,
 
Fab said:
Actually what are the fundamentals of this company ?
Click to expand...

you can look up their half yearly fin. results report just released few weeks ago.

to be practical, fund. mean nothing in this case, physical value for ENG as far as I can remember was calculated to be mid to end 20s. (inc potential), since they're growing customers like crazy & will break even financially within 1 -2 months.

lots & lots of potential element was added to SP that no one can really say how much potential can SP add to it, this is totaly a matter of each one of us opinion.

moral of story: anything beyond 30c is just for potential & no one can really say if that will be 1c or $1, if you're happy to buy their potential for 46c then this is exactly what you'll get.



cheers,
 
True

It really has been a great short term winner of late, but is really a fantastic mid term hold, for huge rewards imo
 

Hi Guys

I hate to say it but the volatile movements over the past week have made me realise that at the moment traders and sharks are feeding. I'm out for the moment. Sold during the week at 44c.

Duckman said to know when to "hang up". Good while it lasted - I'll have to find something else now.

Goodluck to all

Sandik
 
sandik17 said:
Hi Guys

Sold during the week at 44c.

Duckman said to know when to "hang up".
Sandik
Click to expand...


Obviously had had a few too many wines last night when I posted that positive comment towards the negative Duckman.....

When I say I sold...I should correct myself...I sold 1/3 of my stock. I still hold a substantial amount and look forward to continuing this amazing ride, and cashing in (some at least) when they hit $1.

I certainly don't need to find another stock to 'watch' like this one...this keeps me busy enough, and roll on next announcement time!

But thanks anyway Duckman, your ethics are questionable.
 
sandik17 said:
When I say I sold...I should correct myself...I sold 1/3 of my stock. I still hold a substantial amount and look forward to continuing this amazing ride, and cashing in (some at least) when they hit $1.

.
Click to expand...

Sandik, I hope it keeps going up for you, but don't get carried away with a good result like ENG.Stating you will sell when it reaches a dollar is a danger sign as it needs to double and a bit more to achieve this.Keep your feet firmly on the ground, nothing goes up in a staright line for long.
 
point noted porper....that's why I sold to cover my entree costs...it's been an incredible ride. But I do take your point...and I think it's what Duckman in his negative way has been trying to say also.
Must say, felt nice reaping some profits.
 
sandik17 said:
point noted porper....that's why I sold to cover my entree costs...it's been an incredible ride. But I do take your point...and I think it's what Duckman in his negative way has been trying to say also.
Must say, felt nice reaping some profits.
Click to expand...


Sandik,

imo, this stock will go crazy & MAY BE to your expected $1 in July - Aug when news come out that they've breaken even financially.

holding from now could be a good strategy but expect to see a lot of humps for a good 2-3 months.

After all the "after the storm" damage is recovered & it gets quiet again then I'll go on for nice return I hope when YEARLY accounts come out.

cheers,
 
Thanks IGO4IT, I'm certainly in it for the long haul.

Now that I've covered my entry (as opposed to my entree...must've been subconscious message that I needed dinnere!) costs, everything's a winner from here on!

I just have my sights set on that software in the competition! Go Eng!
 
A quote by a user on another forum today:

Did anyone else hear the very well regarded Alan Kohler (http://en.wikipedia.org/wiki/Alan_Kohler) last weekend on Melbourne radio? (774AM - the ABC Finance show). He was asked to pick the top Australian stocks to invest in for a great return over the next few years....

He chose ENG, BHP, PBL, EMI, FKP and SRX.

Kind of nice to see Engin in the same company as BHP

End of quote....

Phew...
 
People

I am new to this forum

I think the traders exiting the stock with some burnt digits are responsible for the more than expected retrace (i am sure there are traders who have profited, and traders who have lost)

In any case

When the company returns to it's true value ?30 ?35c it will continue a slow growth upwards

I, like most of the forum, have a favourable view of the long term prospects for engin.

ij

ps: it is interesting to note that by some of the threads, people think what they write here influences others to buy or sell stocks.... this is complete nonsense! would you be influenced to buy or sell based on what others write here?

 
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