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MUL - Multiemedia Limited

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Re: MUL - Where to from here?

Very good Jet, I think I'll sit back and watch them climb I have traded Mul quite a few time times but have never got 50% out of them. I believe they could get back to 5 cents and very quickly. The rise to 10 cents will be gradual and we wont see it till next year. I would think that 50 cents might be seen next year as they have to many shares on issue and will need to do a 1 for 5. There is still a lot of news to come. Does anyone know anything about the NASDAQ listing? I am currrently extremely happy.
 
Re: MUL - Where to from here?

Hi everyone,

I am new to trading and even newer to this forum (I signed up today!).

I have been reading some of this thread on MUL and it seems a pretty active stock. I thought I'd put my 2c in about MUL, which is based purely on technical analysis.

Yesterday it made a huge rise to close just above a resistance line that has been in place since January. This looks promising, considering the volume. The price has also tested this resistance 3 times before so this could be the final breakout. Its still a bit wishy washy though as to whether this is the beginning of an upward trend or just a temporary rally. I don't reckon anyone should buy until there is more evidence of a strong upward trend.

Anyway, thats just what I reckon...
Cheers!
 
Re: MUL - Where to from here?

Does anyone know anything about the NASDAQ listing? I am currrently extremely happy.
Click to expand...
There will be no NASDAQ listing for MUL for a long time to come. They will first list on the small cap market but there is no indication as to when this will be the case. Directors have stated that they will not do it before the company is on solid ground to attract serious American Investors. I'd guess such a move could be seen in March/April depending on how MUL will progress until then. To list on the NASDAQ you would have to have a share price of US$1 and we are somewhat far away from that, yet

I believe they could get back to 5 cents and very quickly.
Click to expand...
So do I! If management has only the smallest sense on how to play the market, then they will announce new deals next week following the earning report to keep the market interested. If they can, then 5 cents will be gone in no time. If they fail (They don't exactly have an reassuring record of doing the right thing) then it may take a bit longer but the stock is on the rise now. I really hope that it is for real this time. Things are certainly looking better. It won't go up on hot air but rather based on an earning forecast which to me looks like being conservative which is good.

I am currrently extremely happy.
Click to expand...
Go figure...

My average is 2.2cents and I hope I won't have to buy MUL ever again because it's falling towards that level. So, yes. I'm happy too. Now let's see what they can make out of this momentum.

I would think that 50 cents might be seen next year as they have to many shares on issue and will need to do a 1 for 5.
Click to expand...
I mentioned the need for a stock split a while a go when I was predicting MUL to be well above 10 cents by the end of this year. I sure hope that this can be achieved. I'm more leaning towards a 1 for 3 rather than a 1 for 5. 1 for 3 would bring the volume to 400million. 1 for 5 would reduce it to 250 million which in my view would be too small. I think a float anywhere between 400 and 600 million shares would be reasonable for MUL. We shall see...

Have a nice weekend

Stefan
 
Re: MUL - Where to from here?

Does anyone who has the low down on MUL think they will have to raise any more funds?

Will there be any more placements or are they generating enough cashflow?
 
Re: MUL - Where to from here?

I've seen alot of you guys are trying to predict what price MUL will rise to and in what timeframe. What do you base these predictions on?
 
Re: MUL - Where to from here?

The following is some of the price history of MUL
It may be of interest to some
particually the period 30th July 03 to the 11th of August 03
Then again on the 13th - 14th and 26th - 27th of August


MUL 28-Jul-03 0.02 0.02 0.018 0.018 8048000
MUL 29-Jul-03 0.019 0.02 0.018 0.019 6215127
MUL 30-Jul-03 0.019 0.021 0.019 0.021 25924654
MUL 31-Jul-03 0.022 0.029 0.022 0.026 107050659
MUL 01-Aug-03 0.026 0.028 0.025 0.026 33413696
MUL 04-Aug-03 0.027 0.044 0.026 0.041 252667633
MUL 05-Aug-03 0.043 0.091 0.042 0.058 499462400
MUL 06-Aug-03 0.066 0.074 0.059 0.061 191947724
MUL 07-Aug-03 0.06 0.066 0.052 0.066 83491608
MUL 08-Aug-03 0.082 0.087 0.068 0.073 282291526
MUL 11-Aug-03 0.072 0.074 0.069 0.07 75323277
MUL 12-Aug-03 0.07 0.071 0.066 0.066 29784669
MUL 13-Aug-03 0.066 0.068 0.063 0.064 27386363
MUL 14-Aug-03 0.064 0.078 0.063 0.078 95939055
MUL 15-Aug-03 0.073 0.076 0.068 0.068 77016625
MUL 18-Aug-03 0.069 0.071 0.068 0.07 23799998
MUL 19-Aug-03 0.071 0.072 0.069 0.07 14028689
MUL 20-Aug-03 0.071 0.071 0.067 0.068 25041484
MUL 21-Aug-03 0.069 0.069 0.063 0.064 22571677
MUL 22-Aug-03 0.063 0.065 0.059 0.062 20742572
MUL 25-Aug-03 0.062 0.071 0.062 0.065 59250618
MUL 26-Aug-03 0.067 0.07 0.066 0.069 27341451
MUL 27-Aug-03 0.071 0.082 0.069 0.082 90739690
MUL 28-Aug-03 0.086 0.088 0.075 0.075 116347727
MUL 29-Aug-03 0.076 0.077 0.071 0.071 39813808
MUL 01-Sep-03 0.07 0.074 0.068 0.071 37663861
MUL 02-Sep-03 0.073 0.075 0.072 0.072 21308070
MUL 03-Sep-03 0.073 0.076 0.072 0.072 20790757
MUL 04-Sep-03 0.073 0.073 0.07 0.07 31708089
MUL 05-Sep-03 0.067 0.07 0.066 0.069 38659162
MUL 08-Sep-03 0.07 0.071 0.069 0.07 20192977
MUL 09-Sep-03 0.07 0.07 0.068 0.07 13077842
MUL 10-Sep-03 0.07 0.07 0.067 0.068 12391837
MUL 11-Sep-03 0.068 0.068 0.065 0.066 20914634
 
Re: MUL - Where to from here?


Here's a graph of MUL from 15 July 03 to 28 Oct 03 (it includes the period quoted above by Porper). Note the volume at the start. The tall candles at the far right show the top reversal, it descended from there onwards, slowed at about 5c (not on graph) and then surged again in Jan 2004 before reversing without regaining the previous high. It is downhill after that.

Well done to all who profited from the current surge. Nice patterns to look at, suggests more upward movement next week but very volatile.
 

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Re: MUL - Where to from here?

Thanks for the chart RichKid
I dont have the software to do that.
The information does look a lot better in a chart and it does add weight to the possibility of further topping up my holding in MUL.
.
My history in share trading is only short and my history with MUL is even shorter , buying in at,Originally 0.039 in September, topped up at 0.031 and then doubled my holding at 0.024 giving me an average of 0.029.
Friday was a first for me , I have never held a stock that has given me that sort of ride, I am really looking forward to tomorrow.
 
Re: MUL - Where to from here?

I don't believe that charts or historic data will help you much with MUL. There is just no point in looking at past performances to figure out what it will do next. This is a new chapter for MUL. For the first time it is trading based on an earnings forecast for the next 24 months. So far it was just trading based on nothing but speculation and daytrading activity. The stock will remain volatile to serious profit taking on the way up so don't expect a smooth ride to 20 cents within 4 weeks . It will take many more new deals to lift it substantially higher.

I do stick to my idea that it will be above 10 cents before the end of the year, followed by a stockspilt. This will bring some stability to the share price. I know that there are many traders out there who think that it is just a pump and dump stock and I won't argue their point. But they base their view on history while I'm trying to base my theory on what's to come for this company looking at their product and the potential they have.

Only time will tell. So far I'm convinced that this train has finally left the station.

Have a nice weekend

Stefan
 
Re: MUL - Where to from here?

Stefan ,I would have to agree . Though History does have a habit of repeating itself.

It will take many more new deals to lift it substantially higher.
Click to expand...


The Previous Chart and Price History directly reflects the announcements affect on the market and how volatile the stock is to news hungry investors

http://www.multiemedia.com/investor/investor_asx.html

If we do hear a fair bit more good news before xmas, the 10 cent level may be reached ,though the thought of some big profit taking prior to the holidays may hold the price a little lower till early in the new year.

The SMH is the only paper , that I have seen so far that has that has picked up ball with an positive article yesterday. Should be another Very Interesting Day for MUL tomorrow.
 
Re: MUL - Where to from here?

In your opinions, what is a good entry price for MUL at the present moment.
 
Re: MUL - Where to from here?

"Umm 2.2-2.4cps"

Serious?? You think tat MUL will drop back to 2.2 - 2.4 cents???
 
Re: MUL - Where to from here?

stockGURU said:
Does anyone who has the low down on MUL think they will have to raise any more funds?

Will there be any more placements or are they generating enough cashflow?
Click to expand...
This situation very similar to last year when they announced U.S. ARMY contract and then announced new issue of shares to all shareholders . Also funds were raised in 2002 around about this time . On previous experience I recken there may be a new issue of shares in the pipeline . Then again cash flow has obviously improved and it remains to be seen if cash flow can cover cash burn . Regards KOOKA,
 
Re: MUL - Where to from here?

Then again cash flow has obviously improved and it remains to be seen if cash flow can cover cash burn
Click to expand...
Well put, Kooka.
It all comes down to the that single question. Do they have enough money flowing or not. I would assume that they have pretty much everything in place now and that new expenses would be of smaller nature. So MAYBE we can get around a new fund raiser. I certainly hope so. More shares will certainly delay growth by many months. So here I am, hoping that this year will pass with only good news

Happy trading

Stefan
 
Re: MUL - Where to from here?

"Umm 2.2-2.4cps"

Serious?? You think tat MUL will drop back to 2.2 - 2.4 cents???


No I was more looking at it in a hindsight thing.

I for one hope that they dont go back down and that they continue on an upwards path (10cps or more).

A good entry point really depends on what you hope to achieve and what you think the stock will achieve.

My entry point was 3.8cps so understanably friday wasnt really that exciting for me as it might have been.

If you agree with what seems to be the consensus (that the price will go above 10cps in the medium term) then really anything below that price is a good entry price with the lower range being the best.

That is to say that if you pay 4cps share for tham now and in 6 mnths they are at 10cps then you have done well.

In short an entry point is really a personal thing just make sure you dont enter becuase of what a stock has done (feeling that you missed out)
Ie if you think it will go to 10cps and it does dont buy at 10cps becuase of all the money you "could" have made.

One thing that friday shows is that if and when this stock moves it seems it will move with quite a pace.


Here's hoping anyway.
 
Re: MUL - Where to from here?

Firstly thanks clowboy for that.
Now to my next post. I've posted this before, but it was ignored so i'll give it another try. It quite important to me.

I've seen many of yous have predicted what MUL will rise to and in what timeframe. What do you guys base your predictions on?

Thanks,
Kev
 
Re: MUL - Where to from here?

I've seen many of yous have predicted what MUL will rise to and in what timeframe. What do you guys base your predictions on?
Click to expand...
I think I tried to explain my predictions when I made them. Anyway, I do base my ideas more on fundamental analysis than others who are keen to look at charts and other historic data. Now fundamental analysis on MUL is probably a bit far fetched. For MUL I'm looking at the product and the potential it may have in the future, the competition that may force MUL to drop prices before they can reach a significant cash flow, the way management is acting (aaargh) and the way the company is progressing in the market. Then I also take into consideration its past performance given the fact that they went to 12.5 cents based on nothing. Now that they have something to build on, I'd be very surprised if this level wouldn't be reached again soon. Talking fundamentals:

If MUL is to make a profit of 13 million, then you can simply devide this amount by the number of shares (if that figure fits on your calculator )and you get an idea of how much it's worth. To keep it simple, 13 million and 1.3 billion shares on issue will give you 0.01 cents. Now as you may know, most companies who are returning a profit trade at a premium of maybe 10-15 times earnings. (There are many more factors influencing the price, so it's hard to tell the premium in advance.) Take a look at net assets to find out what the company would be worth if everything had to be sold and distributed to shareholders. This will also give you an idea of a potential price target.

Like anything else, this is just one way to look at a company. There are so many different ones that it's almost impossible to list them all. After all, nothing really works. If it did, then I'd be somwhere else by now

It comes down to my 'cat' story in the HDR thread. You can only make sure that you did all you could. It will increas your chances but there's no guarantee that it will work.

Happy trading

Stefan
 
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