Australian (ASX) Stock Market Forum

MUL - Multiemedia Limited

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Re: MUL - Where to from here?

Answer my own question. Sorry should have checked. It was released on 9 September 2004.

Bingo
 
Re: MUL - Where to from here?

Thanks for the info. Pinguen.There seems to be a lot happening. Have increased holding yesterday at 2.6 cents. Regards KOOKA.
 
Re: MUL - Where to from here?

Looks like things are about to change for the better. I like the 15 million buy orders at 2.7. Now bring on some good news and we're in for some serious fun...

Happy trading

Stefan
 
Re: MUL - Where to from here?

Looked good for a while and then the selling returned. Disappointing finish but I find it difficult to see how they can fall further unless there is something bad we don't know.

Bingo
 
Re: MUL - Where to from here?

Disappointing end to the day for MUL I'm afraid.

Oh well, the weekend is here and the weather is beautiful here in Brisbane. Time to take it easy a bit!

Perhaps next week will prove to be a better week for our embattled MUL.

Cheers everyone!

:drink:
 
Re: MUL - Where to from here?

Sure hope you are right about next week. My three spec holdings are OPM, MUL and EGO in that order of importance (ie value of stock held). Surely one of them will come good again.

Bingo
 
Re: MUL - Where to from here?

On the other site there has been some speculation that mul is in the market to purchase another listed company by posters claiming to be connected to insiders. Whether this is true or not i don't know but perhaps TG may be able to tell us more.
An important aspect of this site is that posters are treated cordially and are not shouted down with obscenities. We may not always agree with what others have to say, but I hope that we'll always give others a fair hearing.
Does anyone think that newsat may be intending to supply broadband directly to retail customers and doctors under hibis? They have stated that those who qualify may pay as little as $77 per month, perhaps like an isp.
Dsl connections in capital cities for 12 gig downloads are about $69 and recent election promises may have hibis in outer suburbs.
Any comments.
Ps I can't stop looking at the beer drinker. What an effort.
 
Re: MUL - Where to from here?

Hey folks,

I don't hold MUL (I did but bailed out in a few days) but this is a great thread. I prefer to look at things from a TA perspective so I'll post a chart to give a picture of where the price is. Looks like a company with potential, hope it recovers soon for all you loyal fans out there.

RichKid
 

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Re: MUL - Where to from here?

This is a longer term graph showing the current trend in context. Charts can help signal when the price trend has recovered, amongst other things.

RichKid
 

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Re: MUL - Where to from here?

I guess one has to be very careful about ANY rumours about MUL. Whenever MUL is down, there are many, many postings all referring to "insider" tips about something big that may happen to MUL soon. So far none of them ever came true.

Keep in mind that MUL is one of the most frequently played stocks on the ASX and it's held for many reasons by daytraders and high risk speculators. Only very few investors are holding MUL for longterm benefits. In other words without substantial news and a profitable business, this won't change much. There is always a bit of money to be made with MUL because it moves either way for no apparent reason. Charts, Fundamentals or any other theory for that matter are completely useless until the business itself is turned into something a bit more predictable.

While I share the view that nobody should get trashed about postings made on this board, I also believe that nobody should be allowed to post some fantasy stories without any substance. I also don't believe that people should be allowed to call themselves "insiders". Claims made by members of this and other boards sound rather questionable and lack any substantial proof. They only appear when things are already obvious if you have some common sense.

Why is it that people keep asking for "background" information on MUL (and other stocks) on boards like this one when ANYBODY can easily come up with the wildest claims in the world without having to proof anything??? It sounds to me like people would buy shares and then run around looking for some sort of reassurance from whoever is willing to post something.

That's the first mistake when investing in shares and it may just as well be the only one you ever make. When you buy shares, you have to know why you are buying them. You have to come up with your own reasons instead of looking for "insider knowledge" and "hot tips" all week long. MUL can announce a business deal tomorrow, they may buy another company next week, they may be a take over target or they may shut down the day after. NOBODY will tell you in advance.

Why do I hold MUL? Because I for one do believe in their product and that there is enough potential to turn it into something that will create a profit. I believe that its current value is a bargain compared to what the company can achieve. So I keep buying. I don't buy because it once was 10 cents or because others have posted that there may be an announcement next week. I buy because it represents good value for what I'm after and because it fits into my portfolio as a high risk investment with potentially big returns.

If there is an announcement next week, then so be it. If there is none, then there will be one later on. If you are soooooo desperate for news that you're willing to believe a stranger who's posting something on a website, then something must be seriously wrong with you or at least with your way of investing.

(This message is not intended to offend any member of this board, nor should it be taken as advice. It's just some easy weekend reading...)

Have a nice weekend

Stefan
 
Re: MUL - Where to from here?

stefan said:
... It sounds to me like people would buy shares and then run around looking for some sort of reassurance from whoever is willing to post something.

That's the first mistake when investing in shares and it may just as well be the only one you ever make. When you buy shares, you have to know why you are buying them. You have to come up with your own reasons instead of looking for "insider knowledge" and "hot tips" all week long. ...
I think I'll frame this one Stefan.

The time to seek reassurance is while you're doing the research, and even then a truly scientific approach is to try to prove yourself wrong rather than look for evidence that you're right.

Ghoti
 
Re: MUL - Where to from here?

stefan said:
Why do I hold MUL? Because I for one do believe in their product and that there is enough potential to turn it into something that will create a profit. I believe that its current value is a bargain compared to what the company can achieve. So I keep buying. I don't buy because it once was 10 cents or because others have posted that there may be an announcement next week. I buy because it represents good value for what I'm after and because it fits into my portfolio as a high risk investment with potentially big returns.

I thought I'd written that, and a good post all round.

High Risk, high reward and a big test of ones convictions that whatever research you did stands up.

I've even looked into reselling Newsat services and gained some knowledge via that channel, users were mentioned that we've never heard of and an on going revenue stream has a lot more appeal than what I sell at the moment.

Don’t take my lack of posts as loosing faith in MUL, simply a wait till (dare I say it again) the “SHOW ME THE MONEY” announcement and from what I heard at the last meeting it may go something like “HERE LOOK AT LOT MORE THAN YOU EXPECTED!!”

The break through where revenue line exceeds costs will be a sharp 45 degree rather than the two line gently nudging and crossing was the repeated undertone.

TG
 
Re: MUL - Where to from here?

hi all
the sell off looks like it has now been completed.
still a few nervous nellies around. to me it looks like a slow accumulation happening at the moment and volume down over the last 4 days.
strong support at 2.4c which could easily get hit however i hope not, would rather see 2.5c strengthen as the day progesses

regards croc
 
Re: MUL - Where to from here?

MUL still needs some announcements about more contracts and increased revenue before it's going to make any real headway.

Lets hope they aren't too far away as MUL tends to decline quite a bit on low volume in between annoucements.
 
Re: MUL - Where to from here?

I am not sure about MUL - I dont rate the SAT providers at all. SAT technology is not as efficient or cost effective as last-mile wireless setups are. WiMax technology (as being developed by Navini, Cisco etc.) will soon be standardised and provide a very very cheap way of rolling out broadband wireless across cities and rural areas (providing voice, data, tv). Unwired (UNW - www.unwired.com.au) seems to have a very good offering using Navini products.

So MUL might be good as a speculative stock for profiting - but long term I cant rate its chances highly.
 
Re: MUL - Where to from here?

I am not sure about MUL - I dont rate the SAT providers at all. SAT technology is not as efficient or cost effective as last-mile wireless setups are. WiMax technology (as being developed by Navini, Cisco etc.) will soon be standardised and provide a very very cheap way of rolling out broadband wireless across cities and rural areas (providing voice, data, tv). Unwired (UNW - www.unwired.com.au) seems to have a very good offering using Navini products.
nickblack,
You're missing something here. There's nothing wrong with what you're saying about WiMax and last mile technology. But that's not what MUL is offering (or only just a very small part of it). I've actually posted that a few times before. While nothing is keeping you from using "MUL" as a way to get broadband in your private home instead of using ADSL or cable, you would have to be completely nuts. The type of technology that MUL is offering is aiming at companies with VPN and leased lines, as well as remote areas out bush or back :) who can't get anything else. WiMax would have to be built as a network similar to a mobile phone network just as unwire has done in Sydney. This takes time and a huge amount of money. Nobody will provide WiMax to rural areas and it won't help a company with sites all over Australia to get rid of their expensive leased lines. With a satellite based network you can beam information out once and it will be spread all over the place to all sites at speeds which you simply can't afford with leased lines. You're winning twice. First you don't need to fork out a fortune each month for leased lines and secondly you only send the information out once. Imagine updating a 200MB SP of XP... I'm involved in this industry and I see the problems companies are facing with the current setup. I think the market is not correctly identifying MUL's solution. It is regarded as just another broadband product. That's why I'm very keen to see business customers jumping aboard just as Woolworth did.

An implementation of the IEEE 802.16 standard, WiMAX provides metropolitan area network connectivity at speeds of up to 75 Mb/sec. WiMAX systems can be used to transmit signal as far as 30 miles. However, on the average a WiMAX base-station installation will likely cover between three to five miles.
As you can see from this statement, WiMAX will never be able to cover Australias rural areas. It's just not made for it.

Happy trading

Stefan
 
Re: MUL - Where to from here?

Hi Stefan,

Thanks for the clarity - looking further into MUL I now understand more about what they are offering. Are there any other companies offering similar services that MUL can be compared against (in AU?).

Cheers,
Nik
 
Re: MUL - Where to from here?

Are there any other companies offering similar services that MUL can be compared against (in AU?).
Well, that's where I have to throw in the towel. I have never managed to figure out how this game is played. I've tried many times but I always got stuck. The only problem I have with MUL is that I can't figure out how the different players work together.

There is a group of companies:
NewSkies (they own the satellite NSS-6 on which MUL has leased the transponders.)

ViaSat (they produce the "set top" box or hardware you need to connect.)

Kavera (they are handling the billing and subscriber management.)

IP Access International (they offer end-to-end, voice and network solutions.)

Advanced Projects International (Networking and satellite communications.)

MUL is in a partnership with those companies. So if you sign up for their services, you will get a box from ViaSat, software from IP Access and a bill from Kavera when you connect to the satellite owned by NewSkies. (Yes, I know you'll get all from one source, but that's how it's put together.) To make things a bit more fun, MUL is reselling their solution, just as Telstra is offering its network to other ISPs. This is all very nice but it makes it a nightmare to figure out how much money MUL is worth. There are so many players involved.

On top of all that, you can go to the newsky website www.newskies.com and much to your surprise, you'll find that they claim to offer exactly the same solution on their own, through a company called new skies networks:

NewSkies Website said:
Through its wholly-owned subsidiary, New Skies Networks, New Skies provides a broad range of satellite-based services to government and enterprise users, both within Australia and internationally. These services include managed voice and data networks, Internet, Intranet and multicast/multimedia.
Go figure...

I have no idea why they would offer the same product as MUL who's paying lots of money to use their transponders.

If somebody knows anything about "New Skies Networks" then I'd appreciate your comments here. Maybe TG knows a bit more?

It may be useful to call Multiemedia or Newsat (which is the company owned by MUL, handling their Sat business) for more information. I've sent them several emails but I never ever got an answer. Which doesn't really leave a good impression.

Anyway, that's all I can tell you about this jungle. Maybe somebody else knows a bit more.

Happy trading

Stefan
 
Re: MUL - Where to from here?

Growth is driven by the company’s enterprise solution and applications strategy, plus the quality of the satellite technology. The strategy is strongly supported by Multiemedia’s key global partners in the satellite and space industry, specifically ViaSat and New Skies. Both companies remain at the leading edge of their respective sectors.


=======================

FOUNDER/CHIEF EXECUTIVE OFFICER’S REPORT

Elevation to the ASX/S&P Top 300 Australian listed companies gave me reason to be very proud of my team’s united effort.

Very recent appointment by the Department of Communications Technology and The Arts as an authorised provider under the Government’s new Higher Incentive Bandwidth Scheme (HiBIS) and appointment by the Department of Health and Ageing as an authorised supplier under the Government’s Broadband for Health program were also milestone achievements.

Establishment of a presence in the Middle East will springboard our sales campaign into that region with immediate impact. Indeed we have already secured sales in Iraq, Iran, Bahrain, Libya, Afghanistan, Sudan, Saudi Arabia, Kuwait, Qatar and Egypt. I firmly believe our strategy to concentrate on the provision of services in the Middle East and Africa will pave the way for long term revenues and highly profitable business for years to come. And we have only just scratched the surface.

Provision of satellite services to over 700 Woolworth stores has given us a marquee client and demonstrated our ability to implement a substantial solution across the breadth of Australia. I expect many of Australia’s premier corporates are watching the Woolworth’s implementation with interest as they too consider satellite as a viable alternative to traditional cable communications.

My new management team has overseen Multiemedia’s transformation into a genuine first tier contender for the provision of communications throughout Australia with sales and revenues growing month on month. I congratulate their efforts and applaud their dedication.

--Someone here had a shot at me about this..
Earlier this year the Bank of New York agreed to sponsor Multiemedia’s desire to join the US Stock Exchange’s ADR program. This sponsorship will pave the way for a US listing when Directors believe the company is sufficiently mature to attract American investor support. News Corporation and Foster’s Brewing Group are Australian examples of ADR success. Companies supporting the theory of a wireless world are winning the communications race.

Every day more new applications are being served to the business community via 2 way satellite. I genuinely enjoy providing communication options to people who this time last year, simply could not receive even a basic service.


********

Our key alliance partners ViaSat and New Skies Satellites have proved to be outstanding service providers and the lynch pins in our world class solution.

********

With over 1,000 customers in less than a year of operation, our NewSat satellite venture is the jewel in Multiemedia’s crown. Of course our hardware and software distribution business, MTD, is both complementary to the NewSat business and an asset in its own right. 2,500 active dealers ensure MTD’s growth prospects.

As CEO, Founder and the Company’s major shareholder I would like to thank my fellow Directors for their support of the Multiemedia team. It’s a great challenge to work under the public microscope with nearly 10,000 shareholders interests to grow and protect. I am certain we are on the path to become both a leading provider of technology and a significant Australian company.

ADRIAN BALLINTINE
Founder/Chief Executive Officer30 September 2004


TG
 
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