MUL - Multiemedia Limited

[Porper]

Re: MUL - Where to from here?

I suppose everybody has noticed but it is a negative feature of MUL that almost every last trade of the day is a sell and therefore downwards for the share price, uncanny really.
This certainly needs to stop happening in my view before even a sniff of an upwards trend forming.
There can't be that many sellers left now as most people must be operating at a loss on Mul.

 

[stefan]

Re: MUL - Where to from here?

I suppose everybody has noticed but it is a negative feature of MUL that almost every last trade of the day is a sell and therefore downwards for the share price, uncanny really.

porper,
I've mentioned this a few postings back. You're absolutely right. It is one of the things that need to stop first. It's been going on for weeks now and I've actually tried a few times to buy after 4PM only to see my offer being out numbered by somebody on the ask side. The amount is always increased to be a few 1000s bigger so that the stock will end on a down tick.

We'll have to wait until they come up with something new on the done deal side of things...

Good things take time after all...

Happy trading

Stefan

 

[RichKid]

Re: MUL - Where to from here?

Stefan, about the last orders of the day- is that kind of thing legit? or is there no point in asking the ASX to investigate? I'm not as well versed in how the brokers operate so it may just be the way things are but if someone is trying to send this stock down consistently perhaps it's an illegal form of manipulation?
If the questions above sound silly it's because I don't know much about the trading rules and policies and can't pick things up as quick as Porper and Stefan. Just thought it may be worth a think for people that actually hold the stock (I don't hold MUL, not yet anyhow).

 

[stefan]

Re: MUL - Where to from here?

about the last orders of the day- is that kind of thing legit? or is there no point in asking the ASX to investigate? I'm not as well versed in how the brokers operate so it may just be the way things are but if someone is trying to send this stock down consistently perhaps it's an illegal form of manipulation?

Rich, I highly doubt it would be reason to investigate. After all it is not the reason why MUL isn't going up. It is rather a reason why it doesn't end the day on an uptick. I'm not desperate and I'm realistic enough to see that MUL is simply lacking substantial buying interest due to lack of news. If there was reason for MUL to go up, the selling would stop. You do have a valid point in asking the question and I wouldn't know if this kind of activity is illegal or not. It is just that I don't care that much. They have 8 more months to show me the money. If it happens then that's just great and I'll be more than happy. If nothing happens then I'll sell out somewhere. I feel comfortable with my average entry price which so far never created a loss for me so I have to luxury to just wait and see for now... Mind you that MUL is only a part of my portfolio and I have no reason to complain about my other holdings

Happy trading

Stefan

 

[Lucstar]

Re: MUL - Where to from here?

From what i know, each stock open and close each day with a 15 sec before or after their designated opening/closing time. In other words, the stock can open or close anywhere between the 30 seconds period. This is a strategy incorporated by the ASX to prevent market manipulation. So unless, whoever this broker is, has ALOT of luck and gets it right on the second each day, then it would be literally impossible to do this consistently unless he's provided with some illegal information.

Cheers,
Kevin

PS: Anyone, please correct me if i'm wrong

 

[stefan]

Re: MUL - Where to from here?

So unless, whoever this broker is, has ALOT of luck and gets it right on the second each day, then it would be literally impossible to do this consistently unless he's provided with some illegal information.

luc, yes and no. If there isn't much interest out there in a stock then it is very easy to let it finish on a downtick, provided that it closed at 4PM on an uptick and the bid size is now lower than the 4PM price. If you put up a sell offer at 4:04 for 250'000 at bid level then chances are that nobody will come along and increase the bid side of things. I did it a few times but they just simply increased the size of the sell offer within seconds. Funny enough, when I removed my bid, they also decreased the offer again which makes me think that somebody is indeed trying to end it on a downtick with as little shares as possible. I'm not saying that this happens EVERY day but it happens quite a lot. You can try it for yourself. Just make sure you don't get stuck or you'll end up with a lot of MUL shares.

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

hi all
well it looks like all the selling has stopped now with a support level at 2.4c.
i do however still believe the day traders will make the most of forthcoming announcements. trend is still down and will stay that way untill the sp gets over 3.5c and i suppose even the there are no garrantees that it will change.
2.6c seems to be a resistance point at the moment if it can hold above here then perhaps we will be in for a change.

my thoughts only regards croc

 

[stefan]

Re: MUL - Where to from here?

So we finally got some ideas as to what the directors think MUL will be worth in the coming years. They are looking for a 13 million profit in 2006 and a few millions for 2005 by entering positive territory by March 2005. That sure makes me feel better. As soon as they turn this into a profitable business, the share price will become much more stable. Whether or not this will drive it up to $20/share remains to be seen. Ok, I was just kidding

I have to study this report a bit more before my final judgement. But at least we now have something beside that horrible Findlay report.

Happy trading

Stefan

 

[stefan]

Re: MUL - Where to from here?

LOL! 35 million shares traded within 2 minutes... This may become an interesting day for MUL.

Happy trading

Stefan

 

[pinguen]

Re: MUL - Where to from here?

I dip my lid to the much maligned TG.
Your steadfastness has been an inspiration to others.
Regards

 

[Joe Blow]

Re: MUL - Where to from here?

Hang on for the ride everybody... MUL is finally picking up some momentum!

 

[Lucstar]

Re: MUL - Where to from here?

Check out the Volumn!!!! I'm happy for you guys. Have fun and enjoy the ride. If i manage to get some cash, then i might join in if it starts to establish its uptrend. Once again, good luck.

 

[stefan]

Re: MUL - Where to from here?

I had another look at the forecast. So basically we will have a company who's making 13 million bucks in 2006 if everything goes to plan. That would lead to a profit of one cent per share. I'm not exactly thrilled about hat but at least it's a profit. Assuming that profitable companies are trading around 10 - 15 times EPS I would see the share price anywhere between 10-20 cents. I would think that each new announcement will add to the momentum and drive the price higher until we reach levels above 10cents for good.

There is a potential that this stock could be worth well over 20 cents in a not too distant future if management can beat their own estimate which I hope is on the lower end of the scale. It would be a disaster should they fail to live up to this report. So things are looking bright for the future just as I have hoped. I must say I feel relieved that we finally have a word from management as to where they are heading and what their targets are. Compared with the Findlay report, today's figures are a fraction of what these guys predicted but at least the new numbers are based on a business model and not just on some stockbroker's fantasy world.

So all we need to do is sit back and wait a few months to see it develop into something more than just a daytrader fantasy.

Happy trading

Stefan

 

[luckier]

Re: MUL - Where to from here?

Hi, Stefan,

I have a few doubts regarding the report.

Revenue growth from:
1. Acquisition of Airworks and subsequent roll-out of marketing and sales effort;
2. Compounding effect of NewSat 2 year recurring revenue sales contracts;
3. Increased NewSat market penetration in the Middle East and North Africa;
4. Growth in HiBIS and the Broadband for Health NewSat products,
5. MTD’s increased inter-segment satellite equipment revenue.

there's doubt regarding point 3 and 4.
on what growth rate in ME & NA they based?
there's no contracts for HiBIS and Health NewSat. How do they know what market share mul can have in those areas?

there isn't news after Gitex. Is there any contract signed there?

My point is What do you think their report, is it at the lower end or higher end?

Although there are 460M shares traded, the price is still low than 4 cents.

finger cross for mul.

 

[stefan]

Re: MUL - Where to from here?

I have a few doubts regarding the report.

Well, I guess all these reports need some careful examination. Nevertheless, MUL is doing the right thing by updating the market of it's future growth potential.

there's doubt regarding point 3 and 4.
on what growth rate in ME & NA they based?
there's no contracts for HiBIS and Health NewSat. How do they know what market share mul can have in those areas?

I don't know on what sort of growth rate they base this on and I don't know how much HiBis and Health will contribute to their profit. But to come up with a report like that I would assume that they based it on estimate that they think they can get out of this. It's the only way you can do these kind of earning forecasts. Mind you, all the companies who are doing it tend to change them frequently.

My point is What do you think their report, is it at the lower end or higher end?

I certainly think that this is at the lower end of the scale simply because the figures are not that impressive after all. It would also be in their best interest to be able to beat the forecast so I would say they put it right at the bottom of what's possible.

Although there are 460M shares traded, the price is still low than 4 cents.

What did you expect? This is an increase of 54% from yesterday. At this price it is full of daytraders who are trying to make a fortune and let's not forget the bigger players. We saw a lot of >1mio trades today. MUL can't go from 0 to 10 overnight. They have come a long way today and they finished the day on a high which is great for a Friday. So obviously traders believe there's more next week.

The stock has not once shown a sign of profit taking that would have sent it down much. It kept going strongly all day.

MUL will take a while to go where I want it to be but I remain positive that they will achieve my target.

First it has to turn into a more serious stock and not just a daytraders favorite. It all depends on what management can make out of this great momentum. If they can bring out new deals next week then there's little holding it back. If they don't do anything then it will hang around new levels which I would see around 4-5 cents.

We shall see. I'm not too keen to speculate on MUL given that I'm not holding it for a short term deal. I'm still after the long term perspective and today certainly gave me some reassurance.

Have a nice weekend

Stefan

 

[Porper]

Re: MUL - Where to from here?

Well there is one thing for sure, all us Mul holders will have a better weekend than we otherwise would have Stefan.

You can't win them all though, I reckon that the comp is well and truly a one horse race now !!.

Still, lets think would I rather win the comp or get my money back on Mul, maybe with some interest ?. I'll ponder on that over the weekend.

Have fun everybody.

 

[clowboy]

Re: MUL - Where to from here?

Well,

To begin with a big congratulations to Stefan (and others)
If you are not feeling tingly now then I dont know when you will.

Hopefully MUL still has a long way to go as I am only at break even point ATM. Unfortunatley I resisted the temptation to buy more when they fell to 2.2c.

I agree with Stefan in that they should go to 10-20c on the basis of PE and in fact I think that they could go alot higher on speculation but I think we will have to wait for actual profit before this happens.


Anyway what an interesting day....it's a really good way to end a crappy week (work week anyway)


GO MUL GO

 

[Joe Blow]

Re: MUL - Where to from here?

If you are not feeling tingly now then I dont know when you will.

I would like to state that I, for one, am now feeling tingly because I am no longer sitting on a slightly scary paper loss!

 

[stefan]

Re: MUL - Where to from here?

If you are not feeling tingly now then I dont know when you will.

Well, if I would already feeling tingly now then how am I supposed to feel once MUL is where I want it to be? I'd probably drop dead halfway thru.

I admit it was a good week and the competition for this month looks pretty boring for the rest of us whimps, but I think I can handle that

After all the price has only just gone up from 2.2 cents to 3.8 cents. That's hardly reason to celebrate as most people would have bought at or above 4 cents before they got stuck. Now let's enjoy the weekend and once MUL hits a new alltime high, I'll let you know about that tingly feeling again.


PS: I bet we'll read a bit about MUL in tomorrows newspapers. You can't ignore that sort of volume. It was already mentioned on bloomberg.com:

Multiemedia Ltd. (MUL AU) soared 1.4 cents, or 58.3 percent, to 3.8 cents. The internet technology and web design company forecast a profit of A$12.8 million for fiscal 2006, boosted by global sales from NewSat, its broadband satellite division. More than 461 million shares traded, 25 times the six-month daily average.

Have a nice weekend

Stefan

 

[JetDollars]

Re: MUL - Where to from here?

After all T/A does work for my case....LOL

Sold MUL $0.036 on friday afternoon for a 50% profit which isn't bad for just 10 days holding.