MUL - Multiemedia Limited

[Bingo]

Re: MUL - Where to from here?

The build up this morning looked to me it would go higher that it has. It really does seem a lot of sellers need to cleared out over time before we a decent rise.

Bingo

 

[stefan]

Re: MUL - Where to from here?

Bingo,

The volume in MUL is too small to make it run much higher. We would need 100 million shares traded in a day to make it rise. That's what you get when you keep flooding the market with more issues and options like management did in the past. With 1.2 billion shares floating around, you need lots and lots of good news to increase the share price. Keep in mind that we only just started getting a few positive news releases which would indicate that they are able to gain market share. MUL is a famous stock with lots of bad stories attached to it. It has to get rid of its past and that's quite a task.

They have 8 months left of my 2 year time frame to proof that they can do it. The clock is ticking...

Happy trading

Stefan

 

[Bingo]

Re: MUL - Where to from here?

Volume is now up to 51 Million and so it could get near 100 by close. It does seem that the good news has become more frequent. I hope that it doesn't dry up once to-days meeting is finished.

Bingo

 

[stefan]

Re: MUL - Where to from here?

More news... Hibis passed as well so there is no holding back in this area as well. Looking good indeed.

Happy trading

Stefan

 

[stefan]

Re: MUL - Where to from here?

All montions passed at the meeting as expected.
At least we made a point with 37 million votes against the issue of options.

MUL finished the day in the red! What a joke. I somehow think that there is more behind the price level than just a few daytraders.

Have a nice weekend

Steafan

 

[ghotib]

Re: MUL - Where to from here?

Stefan,

Did the board seem surprised to have any opposition, or has there been enough discussion that they expected it? And did they comment at all?

Thanks

Ghoti (still fascinated)

 

[Porper]

Re: MUL - Where to from here?

It doesn't seem to matter what the company announces the share price is in a downward trend still and that is just that.

It would appear the market wants big profits before they will invest in this stock long term.All this day trader stuff going on will just keep the share price down.Also having 15 trillion shares on issue doesn't help.

I will hold my little lot until the next figures and hope like crazy !!.

 

[stefan]

Re: MUL - Where to from here?

Did the board seem surprised to have any opposition, or has there been enough discussion that they expected it? And did they comment at all?

Ghotib,

I wasn't at the meeting. It's too much of a hassle to fly down to Melbourne from Brisbane just for MUL... Anyway, I can only assume that more than 35 million votes should make them feel a bit less at ease. However, something that catched me by surprise was the fact that only about 150 million votes were counted in total. This makes me thinking that it doesn't take THAT much to change something within MUL. Most holders just seem to be daytraders who don't really care what happens at meetings.

Have a nice weekend

Stefan

 

[TOP_GUN]

Re: MUL - Where to from here?

Hi Guys

I posted most of this on the other board, sorry for the delay I've been doing my real job!

Short summary (IMHO)

It took longer than expected to get Newsat running and money flowing inwards.

Now the growth in sales is greater than expected and coming for countries that MUL didn't expect (ie. 0-4M in 6 months).

MUL have no equal competitor in the near term (years) it takes so long to set it all up systems and software as MUL found out. There are a limited number of 2% slots that can take new satalites, everyone knows well in advance who is doing what.

MUL needed money in a hurry and still have NO DEBT, which they would rather than less script. The banks wouldn't lend without security.. Take a while making up their mind too. Not many companies have NO DEBT.

MUL have no intension of *continuing* to raise capital by issuing script (I think the cash will come from profits) that's not to say they will never do it again!

1/2 MUL's business is from the Middle East and growing, Africa is looking real good. (and they pay the bills) China no hurry as they are flat out keeping up with what they have now.

Today’s announcement shows MUL can pay 2M for 60M in revenue not a bad idea.

5M is coming back in once Woolies is completed.

Voting against the issues would have no effect as it was a done deal with A's shares voting power.

After hearing the board I would have voted yes, the meeting was VERY positive and I was looking at their faces to see if the board seemed genuine and unless they are the greatest con men (I can normally pick them) THEY ARE GENUINE AND THINK MUL WILL DO WELL.

Standard and Poors have just re-rated MUL OK Last week or so, NO DEBT..

Bank of New York have put 2M $US on the table for listing should MUL wish to do so, MUL have better things to do ATM. Given time they will IMHO.

VIASAT and MUL are good friends! (Very personal) VIASAT shares went from $4 to 44 they seem to have an edge on most others.

Reading between the lines MUL will show a profit for the 6 months ending 30 June 2005. This was eluded to more than once.

MUL are in no hurry to do a share consolidation. I think they won't till 15c.

IMHO hold MUL if you have a 6-12 month view and you will be rewarded if not sooner. I'm holding. I now look at this as a long term investment. I'm not worried in fact there are many other stocks that would cause me to loose sleep, MUL is not one.

IMHO MUL is or will be a hot T/O target.

TG

 

[Joe Blow]

Re: MUL - Where to from here?

Hey guys... do you think it's about time we started a new MUL thread?

This one is starting to get a little long.

 

[stefan]

Re: MUL - Where to from here?

TOP_GUN,

While I agree with your final statement that MUL is a long term investment (I made that same statement more than once and I set the time frame to 24 months one year ago), I have to point out a few things.

Now the growth in sales is greater than expected and coming for countries that MUL didn't expect (ie. 0-4M in 6 months).

If that's what management has said then they are just talking trash. Sales are not at all greater than expected. According to the Findlay report they should already be MUCH higher. MUL has launched the second transponder much earlier than planned and so it should be no surprise that they are getting sales from countries covered by this beam. I just can't stand it when somebody is trying to sell bad news (4 million is VERY BAD) to shareholders.

MUL have no intension of *continuing* to raise capital by issuing script (I think the cash will come from profits) that's not to say they will never do it again!

Yes, they have. Read the preliminary financial statement, page 3:

As such the Directors have identified the need for further capital in the near future to take advantage of these international and domestic opportunities and achieve significant sales growth more rapidly.

Today’s announcement shows MUL can pay 2M for 60M in revenue not a bad idea.

Very nice indeed, but certainly the first announcement I've seen that actually shows significant profit.

Voting against the issues would have no effect as it was a done deal with A's shares voting power.

Not true. It may not have an effect on the result, but it sends a clear signal to the board that there are unhappy shareholders out there and that they are willing to make their point.

After hearing the board I would have voted yes, the meeting was VERY positive and I was looking at their faces to see if the board seemed genuine and unless they are the greatest con men (I can normally pick them) THEY ARE GENUINE AND THINK MUL WILL DO WELL.

You WOULD have voted yes? Does that mean you didn't vote or did you vote NO? (just out of interest)

Standard and Poors have just re-rated MUL OK Last week or so, NO DEBT..

Was that mentioned during the meeting? Because I certainly can't find anything that would support this statement.

Bank of New York have put 2M $US on the table for listing should MUL wish to do so, MUL have better things to do ATM. Given time they will IMHO.

Now you're entering dangerous territory. I don't know where you got that information from but that's something you should be careful with. Mind you that this doesn't really show us much. Bank of New York is acting as an agent for MUL to enter the US market. They don't put money on the table because they are keen about MUL, but because that's their business.

VIASAT and MUL are good friends! (Very personal) VIASAT shares went from $4 to 44 they seem to have an edge on most others.

With all due respect, Viasat is playing in a different league. MUL is a subscriber to their services. VIASAT has NO relation whatsoever with MUL except for business. How can you call it very personal????? Is one of the VIASAT board members married to a daughter of one of the MUL directors?

MUL are in no hurry to do a share consolidation. I think they won't till 15c.

I agree. I even put the target much higher to 30cents.

IMHO MUL is or will be a hot T/O target.

True, but that will take a while. First they will have to proof that their business is worth the money.

Have a nice weekend

PS: By all means, GO MUL!!!

 

[TOP_GUN]

Re: MUL - Where to from here?

If that's what management has said then they are just talking trash. Sales are not at all greater than expected. According to the Findlay report they should already be MUCH higher. MUL has launched the second transponder much earlier than planned and so it should be no surprise that they are getting sales from countries covered by this beam. I just can't stand it when somebody is trying to sell bad news (4 million is VERY BAD) to shareholders.

MUL and the Findlay report are not the same thing, they will remove the fiction from the web site, and I'm not trying to sell bad news, nor are they, if you were at the meeting you would have a better understanding.

Yes, they have. Read the preliminary financial statement, page 3:

Very nice indeed.

We agree on that some good at last!

Re voting..

Not true.

Your wrong. It is true.

It may not have an effect on the result, but it sends a clear signal to the board that there are unhappy shareholders out there and that they are willing to make their point.

Again you should have been there with your shares if you feel so strongly.
I went up to the chairman to ask where the ballot box was, and have a chat, he said there was no need to collect other votes as the motion had already passed, in other words there were not enough votes out to change the outcome.

You WOULD have voted yes? Does that mean you didn't vote or did you vote NO? (just out of interest)

I did vote yes but held onto the form so I guess to issue them in the first place was stupid.

"Standard and Poors have just re-rated MUL OK Last week or so, NO DEBT.. "

Was that mentioned during the meeting? Because I certainly can't find anything that would support this statement.

Attend next time.

"Bank of New York have put 2M $US on the table for listing should MUL wish to do so, MUL have better things to do ATM. Given time they will IMHO. "

Now you're entering dangerous territory.

LOL

I don't know where you got that information from ..

Don't you listen? I WAS AT THE MEETING.

In fact I'm quite offened by your remarks and repeat the above to most of your questions.

This is from another board.

Top Gun I was there too - good accurate summary. After hearing what was said I am in no doubt we are on a winner and within the next 6 - 12 months our share price will be at all time high.

They mentioned a "cross-over" point being reachedd where set-up costs would reduce substantially and incoming revenue would increase. From what they said about their connections in Middle East, and the new business opportunity in Libya as well as the announcement due out in a few days about the HBIS scheme I am confident we will see some really positive figures in the Novemeber AGM.
Be prepared to be pleasantly suprised is my take on what was said today at the meeting.
I hold substantial shares which I bought well above the current price and I am quite content in the knowledge that these people are building a business that will be successful in the long term.

TG

 

[kooka1956]

Re: MUL - Where to from here?

Sorry Stephan, I must agree with Top Gun . You have been rather critical of his comments about the general meeting which he attended . Then again this is what a forum is about . A little sceptisism is needed every so often to balance the arguments . I have on many occasions over the years fell in love with a stock, some of which is now used as wallpaper!!!!! Having held MUL for more than 3 years I have seen the ups and downs . The current position of the company is the most positive in all that period of time, even though it doesn,t show in the share price , (because of the abundance of shares on issue and the influence of daytraders). You can say that I fallen in love with this stock as well , but age does make you more wiser,I think I have learnt from past mistakes . Thanks Top Gun on reporting from the meeting . Regards , kooka

 

[stefan]

Re: MUL - Where to from here?

Don't you listen? I WAS AT THE MEETING.

In fact I'm quite offened by your remarks and repeat the above to most of your questions.

TOP_GUN,
Frankly I dont' care if you're offended by my remarks. None of them were personal or specifically pointed towards you. If you can't stand that somebody is more critical towards MUL than yourself, then you probably shouldn't post at all. End of story.

Please note that you mixed up a few things in your posting and you quoted me incorrectly.

MUL and the Findlay report are not the same thing,

MUL has embraced the Findlay report several times once it was released. You may keep in mind that Findlay is the company that gets all the free options for providing financial services. I never said that they are the same thing and I even mentioned that the report is crap. Nevertheless it was released and referred to by management several times in the past.

Again you should have been there with your shares if you feel so strongly. I went up to the chairman to ask where the ballot box was, and have a chat, he said there was no need to collect other votes as the motion had already passed, in other words there were not enough votes out to change the outcome.

I wasn't at the meeting, but I did vote. If you were up there and had a chat, then I assume this is where he mentioned the thing about the $US 2 million to you? It doesn't really matter because it is of no importance as I mentioned in my previous post.

I did vote yes but held onto the form so I guess to issue them in the first place was stupid.

Well, they have to issue the forms for legal reasons. So it wasn't stupid at all.

Attend next time.

Thank you for the friendly reminder. I assume you're out of arguments?

TOP_GUN,
I'm looking forward to the annual report. It will reveal the biggest shareholders of MUL and if your statemtent is correct, you would be one of them by holding 6 million shares. That will shed some light as to why you are so incredibly keen to defend MUL against all critics.

I'm a MUL investor and as such I do believe in the future of this company. I would however never attack somebody who's slightly more critical towards MUL. Feel free to post your positive sentiments for MUL on as many boards as you like but keep in mind that there are VERY good reasons to have a slightly different view.

Now calm down, count to 10 and come back again...

Happy trading

Stefan

 

[stefan]

Re: MUL - Where to from here?

Sorry Stephan, I must agree with Top Gun .

Kooka, I don't have a problem with that at all.

You have been rather critical of his comments about the general meeting which he attended .

Yes, and he has failed to proof me wrong. I'm critical towards some of the statements that he made as they are made by him and not officially by management.

Then again this is what a forum is about . A little sceptisism is needed every so often to balance the arguments

There you go. I couldn't agree more. Mind you that I'm not AGAINST MUL. I'm just against postings which are trying to paint nothing but blue sky when in fact there still are some rather grey clouds around.

Having held MUL for more than 3 years I have seen the ups and downs . The current position of the company is the most positive in all that period of time, even though it doesn,t show in the share price , (because of the abundance of shares on issue and the influence of daytraders). You can say that I fallen in love with this stock as well , but age does make you more wiser,I think I have learnt from past mistakes

I only held MUL for the last 16 months, but I have already seen more than enough up and downs . I agree that the current position is the most positive in all the period of time. In fact it is so promising that I bought more shares last Friday.

Now let's forget our little argument about MUL and focus on its future. We all hope for the same. That the price will go up and that we can FINALLY make some money out of it. (Well, TOP_GUN is even looking for a seat on the board )

Happy trading

Stefan

 

[pinguen]

Re: MUL - Where to from here?

It is your right to be critical of TG Stefan. However I must say that I believe him to be fair and honest in his posts.
An important factor is that Mul appears to have been selected for two separate hibis schemes. The doctors and the general rural public.
This, plus the Woollies deal, should make a tremendous impact on potential investors.
Lets hope that they run with it. Perhaps than day traders would than stop playing, with Mul shares and hang onto them.
Regards

 

[stefan]

Re: MUL - Where to from here?

However I must say that I believe him to be fair and honest in his posts.

I don't say that he's not honest. I just question the conclusions he makes because I regard them as plain wrong and confusing for potential investors. MUL has lots and lots of good deals and I would be the first to support the view that the price will go up shortly. I just don't think it's fair to post such a brilliant picture about management and MUL after a meeting where nothing more was said or done than voting for or against new issues of shares and options.

The annual shareholder meeting will be a different story. More people will attend it and more people will have questions that management will have to answer. I'm very much looking forward to that as it will give as a more accurate view of things.

If you are holding 6 million shares (as TG has mentioned) then I can see a clear conflict of interest and I will not rest to remain cautious about statements made by major shareholders.

There is no need to try and explain to me why MUL could go higher. I AM HOLDING over 1 million shares in MUL and I BELIEVE IT WILL GO MUCH HIGHER. Everybody who hasn't got any shares now will look back in a few months, scratching his head in disbelieve. Was that clear enough now?

Happy trading

Stefan

 

[stefan]

Re: MUL - Where to from here?

Well, somebody is certainly dumping a lot of MUL shares today! 0.035 within minutes...

 

[Joe Blow]

Re: MUL - Where to from here?

Well, somebody is certainly dumping a lot of MUL shares today! 0.035 within minutes...

Whoever was dumping has now finished. Buyers coming in and buy side market depth improving.

Wish I'd had a bit of spare cash to go in and clean up some shares at 3.5c.

Oh well!

 

[Bingo]

Re: MUL - Where to from here?

I must say that this price pressure after reasonable announcements makes me nervous. The price is now worse that prior to the announcements.

I hope you a right Joe that buying at 3.5 would have been smart to-day. I will watch the trading to-morrow with interest. If there is selling pressure early then my concern level will rise.

Have a nice day all.

Bingo