MUL - Multiemedia Limited

Re: MUL - Where to from here?

Everytime they try to rise there is a seller. At 3.4 it does not look good. Does anyone have any idea who the seller(s) is?

Bingo

Re: MUL - Where to from here?

It may its interest to some of you

-- 09/13/2004
NewSat Australia Selects Encore Networks to Provide VPN Solutions Over Broadband Satellite Networks
NewSat Will Offer Encore's End-To-End VPN Security Products With Patent-Pending Selective Layer Encryption for Satellite Networks Throughout Australia and Asia
DULLES, VA -- (MARKET WIRE) -- 09/13/2004 -- Encore Networks, a leading developer of integrated converged Virtual Private Network (VPN) security solutions, today announced that it has signed a reseller agreement with Australian satellite broadband operator, NewSat. NewSat will add Encore's complete line of IP only and IP+Legacy VPN security appliances to their broadband satellite solutions.
NewSat, a wholly owned subsidiary of Multiemedia Ltd. (ASX: MUL.AX), one of Australia's largest satellite communications companies, offers high-speed, two way (V-SAT) satellite broadband services. NewSat provides next generation video, Internet, VoIP and data communications for organizations throughout the Australasian market whose networking needs have outgrown traditional broadband technologies, such as ADSL, ISDN and cable. NewSat's customers include Woolworths Department Stores through Airworks Media and the US Department of Defense.
"NewSat has taken the lead in deploying products that can provide end-to-end secure remote access over satellite and terrestrial connections to remote Australian locations," stated Bill Grant, Encore's Vice-President of Broadband Network Solutions. "Encore's site-to-site satellite VPN solutions will be instrumental in NewSat's ability to continue delivery of bundled broadband VPN solutions."
Encore Network's VPN security products, including the BANDIT™ and the VSR-30™ are uniquely versatile IP+Legacy and IP only VPN appliances that provide satellite enterprise data networks support for IP VPNs, stateful inspection firewall, IP routing and QoS, legacy data protocol convergence, and patent-pending Selective Layer Encryption (SLE). With its feature-rich ELIOS operating Systems, Encore Networks help NewSat address their today and tomorrow customers need with a broad range of applications and services that allow them to converge their data applications to broadband IP infrastructure without compromising the security of their data and the level of performance that they get over terrestrial networks.
"Our mission is to open new frontiers for networks in any location, with video, Internet, voice and data communications that make traditional broadband services look dated," said James Kellett Director of Marketing of NewSat. "Encore's VPN security solutions insures our quality of service to these locations by providing the only appliance to date with Selective Layer Encryption which guarantees our high, two way throughput."
About Encore Networks
Encore Networks www.encorenetworks.com is a market leader in developing Secure, Converged, Broadband solutions for carriers and enterprise customers. This includes innovative VPN and security solutions for satellite, and terrestrial networks, evolutionary products for legacy data to broadband IP conversion, as well as advanced signaling and voice inter-working solutions for circuit-to-packet migration.
About NewSat
NewSat www.newsat.com.au is the high-speed; two way (V-SAT) satellite broadband service from Multimedia. The NewSat True Broadband solution is superior in access, speed, applications and price to any other broadband service available in the Australasian marketplace.

Re: MUL - Where to from here?

Does anyone have any idea who the seller(s) is?

Click to expand...

That would indeed be interesting to know. It would appear that the sellout is over. Whoever it was, he had a huge amount of shares to dispose.

Now MUL will just sit on the new low until some news will move it back up a bit. Pitty, but you got to be VERY patient with MUL. I was already warming up my fingers in case it would drop towards 3cents for an aditional buy order, but for now that seems to be far off.

Happy trading

Stefan

Re: MUL - Where to from here?

Thanks for the information cigany .This looks like another avenue for increased turnover for MUL . In August they announced their 1000th signup. Many appear to be onsellers of MUL,S satellite technology . If each of these can get 100 customers only, the exponensial turnover can be enormous in a short period of time . Regards KOOKA

Re: MUL - Where to from here?

Hi,
I've located some more of mul's customers:
nsw.net satellite
calibre net
Broadband wireless tasmania
Cheers

Re: MUL - Where to from here?

Hi Stefan and TG,
Did you notice Mul's cash position and receivables at the end of June in their report on the asx.
I reckon that they're in a very good position.
Regards

Re: MUL - Where to from here?

pinguen,

Yes, I sure noticed it. But I have some trouble reading their preliminary report. They once had 11 million cash at hand. Where is it? I'm also worried that we will see a capital rising again very soon.

Nevertheless MUL is being pushed lower each day. There is either something bad around the corner, or findlay is cashing in on their free shares to cover some costs I can't see why you would sell big blocks of 1 million shares at these levels other than to cash in on some free options and shares you got over the last year. There are plenty of them out there.

Anyway, there is also plenty of time left for them to give me a magnificent profit. If you hold MUL for the short term, then you're probably a bit shaken by now.

Happy trading

Stefan

Re: MUL - Where to from here?

Finished at 3.1c on 46 Million turnover. This does not look good at all.

Re: MUL - Where to from here?

You can look at it this way:
For daytraders this is a nightmare right now. Which is exactly what longterm investors are looking for.

The share price is now reflecting MUL's current position in the market. They have close to no revenue (14 million from their sat business which is their main source of income) with 1.2 billion shares issued. MUL will declare a loss of 1 cent per share for 2004.

There are millions and millions of options that were issued at 3cents.
Over the last year, it has gone from under 1 cent to 12 cents without much resistance. There is an old rule out there which says that a stock will go back to fill the gaps it left on its way up. MUL has done exactly that. It came all the way down to 3.1 cents. Based on this theory the gap is now filled and the stock will now act more rationally on its way up IF there is reason to do so. I'm not saying that there will be nothing but sunshine ahead, but I'm saying that I can't see much more downside potential below 3 cents.

As a longterm investor, I think there are plenty of reasons in the near future so I'm holding and buying more when it seems reasonable. If you don't have the money to hold this stock for longer than daytrading, then you will and already have suffered badly.

Make up your mind on this one. It's about to show its true face.

Happy trading

Stefan

Re: MUL - Where to from here?

Well, thanks for that last post Stefan, I feel slightly better now than I did 2 hours ago.
Mul were my first buy in the stockmarket for 15 years and I must admit seeing the price now 25 % down from where I bought, I was feeling a bit down.However I always saw them as a long term investment ( To me that is about 2 years).
My feeling down was further exemplified by the fact I sold another stock I held yesterday only to see it go up 7 % today !!

I have a lot to learn but I am enjoying it.

Re: MUL - Where to from here?

Is the other site down?

Re: MUL - Where to from here?

Ah, what a shame to see the MUL thread almost falling out of the top 20 threads. I think it's time to talk a bit more about our favourite love or hate stock. I'm wondering if there is any other stock that has a similar amount of emotions attached to it.

It has finally dropped to 3 cents last week and I still think that it had to come to this based on the "filling the gaps" rule. I remember about a year ago there was a discussion on hotcopper while MUL was going from one new high to another. When it broke the 5 cents barrier doubts arised whether or not this could be sustained. If you were critical towards its performance you got trashed. (nothing much has changed in this regard, really... ) Anyway, today MUL is trading at 3 cents, up from 0.006 before they announced the satellite business and down 9.5 cents from its high of 12.5 cents. As I mentioned before, IMHO it would appear to be fairly priced now. (One can always speculate what a fair price is for a stock that doesn't make any profit). Nevertheless I think it is in a much better position now to grow at a sustainable rate with fundamentals backing its price as soon as we see money flowing in from its contracts.

MUL should be able to make a profit of 80 million after tax in 2005 from a "technical" point of view. They have the transponder capacity and coverage to do that. All they need are customers and I have no doub that they will find them.

This would mean a EPS of about 8 cents. 3-4 times EPS would be 30 cents which is what I still have in mind for MUL. I originally hoped it would be there by the end of this year, but since 2004 was a loss, this will take a lot longer.

I will hold on as this stock seems to turn into something a bit more serious than a pump and dump leftover from the dot com boom.

Happy trading

Stefan

Re: MUL - Where to from here?

completion of the gap rule 2.2c on 31-7-03 0.8c on 3-6-03
lets hope the rule doesnt always apply.

croc

Re: MUL - Where to from here?

MUL just dipped to 2.8c... now I'm starting to get a bit nervous.

I'm just a little confused as to the reason for selling at these levels. Do they know something we don't?

Hmmmmm...

Re: MUL - Where to from here?

u-buyers in and out all over the place over the last 3 weeks which looked like they were propping up the price for exit and perhaps waiting for lower levels to re-enter but where will it stop. alot of trading early today starting to smell like something up. maybe an interesting week ahead.

croc

Re: MUL - Where to from here?

one support buyer just came in with 8mil to buy at .27 buys side building once again. Any feedback on the charts.

Re: MUL - Where to from here?

completion of the gap rule 2.2c on 31-7-03 0.8c on 3-6-03
lets hope the rule doesnt always apply.

Click to expand...

Croc,
Thanks for the 2.2cent gap. I somehow wasn't aware of that. Surely the 0.8 cents can be ignored simply because of the changed circumstances that MUL is in. However, the 2.2cent one is a worry. But based on the many options that were issued at 3 cents, I would consider a price in the middle as a good bottom for a bounce.

Then again it's MUL...

Happy trading

Stefan

Re: MUL - Where to from here?

the charts are still going down no sign of a turn around yet. major resistance @ 4.5c and a gap @ 5.2c 17-5-04

croc

Re: MUL - Where to from here?

the charts are still going down no sign of a turn around yet

Click to expand...

The charts will keep going down until the turn around has already happened. I'm now considering adding even more to my portfolio. This is almost too good to ignore below 3 cents. Somebody just dumped a truckload full of MUL.

I must be missing something here...

Happy trading

Stefan

Re: MUL - Where to from here?

2.2c is my next entry point

regards croc