MUL - Multiemedia Limited
- Thread starter Joe Blow
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Re: MUL - Where to from here?
MUL volume is always following this pattern. Incredibly high on news, high for a few days, back to average for a week, very low for the rest until further notice.
While it is trading on very low volume it will usually lose a tick a day, slowly moving down. Keep in mind that the share offer is at 3cents (3.2 - 3 cents depending on the size you buy) and nothing will happen until then.
I am under the impression that they may release something trying to move the price up to make the offer more attractive than what it currently is. Just speculation, really. For my startegy with MUL it doesn't make a difference but it could add some spice to the new float.
Happy trading
Stefan
MUL volume is always following this pattern. Incredibly high on news, high for a few days, back to average for a week, very low for the rest until further notice.
While it is trading on very low volume it will usually lose a tick a day, slowly moving down. Keep in mind that the share offer is at 3cents (3.2 - 3 cents depending on the size you buy) and nothing will happen until then.
I am under the impression that they may release something trying to move the price up to make the offer more attractive than what it currently is. Just speculation, really. For my startegy with MUL it doesn't make a difference but it could add some spice to the new float.
Happy trading
Stefan
Re: MUL - Where to from here?
This sort of volume will continue for the next few weeks until the mew issue of shares is completed. Why buy shares on market and pay brokerage if you can get shares direct from the company for the same price at no additional costs! Regards KOOKALucstar said:
brerwallabi
The Oracle
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Re: MUL - Where to from here?
I hold MUL and cannot see it viable to purchase another $5k right now, the price will surely now drop to below 3 cents (without annoucements) and a better opportunity would be to acquire at between .025 and 3cps, what would you save buying into the offer?
A paltry $20.
Having said that an annoucement will no doubt be made either at the end of the week or early next week followed by another just before the close of the offer and that will wipe out my statement above so that offer will look good with the share price in the mid or high 4's. So MUL will get their $7.5mil and we will have another 20 odd million share further diluting the value of our holdings.
I am now getting really annoyed by the way we are treated,especially with todays mail i.e the multiemedia news I received along with the offer,apart from some figures the 60mil in Airworks (ALREADY KNOWN) no mention of share of market being achieved in the Broadband for Health initiative, a 200% increase in Newsat Iraqi sites - what does that mean we found 2 more customers???. 400 genuine enquiries- with the amount of staff needed to handle that we will need another share offer early next year to pay their wages. I USED TO BE QUITE POSITIVE ON MUL BUT THIS IS THE LAST STRAW. I cant wait for MUL anymore on the next annoucement I'm out hopefully, right now there are too many opps elsewhere that are making good gains. Good luck my fellow MUL holders, there will be one less shortly.
Feeling really peeved
I hold MUL and cannot see it viable to purchase another $5k right now, the price will surely now drop to below 3 cents (without annoucements) and a better opportunity would be to acquire at between .025 and 3cps, what would you save buying into the offer?
A paltry $20.
Having said that an annoucement will no doubt be made either at the end of the week or early next week followed by another just before the close of the offer and that will wipe out my statement above so that offer will look good with the share price in the mid or high 4's. So MUL will get their $7.5mil and we will have another 20 odd million share further diluting the value of our holdings.
I am now getting really annoyed by the way we are treated,especially with todays mail i.e the multiemedia news I received along with the offer,apart from some figures the 60mil in Airworks (ALREADY KNOWN) no mention of share of market being achieved in the Broadband for Health initiative, a 200% increase in Newsat Iraqi sites - what does that mean we found 2 more customers???. 400 genuine enquiries- with the amount of staff needed to handle that we will need another share offer early next year to pay their wages. I USED TO BE QUITE POSITIVE ON MUL BUT THIS IS THE LAST STRAW. I cant wait for MUL anymore on the next annoucement I'm out hopefully, right now there are too many opps elsewhere that are making good gains. Good luck my fellow MUL holders, there will be one less shortly.
Feeling really peeved
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Re: MUL - Where to from here?
Oh, well. I understand your frustration.
Happy trading
Stefan
I can only support your statement. I for one won't add another 5K to my holding either. All up you posted pretty much the same feelings I have about them which I vented a few times here. It's frustrating to read their glossy brouchures while they are burning money like there's no tomorrow. But I'm willing to hold for the time frame I gave them and that makes another 6-7 months. By then we will know for sure what's happening. If they stick to what they said in their earning forecast, then the market may catch an interest in them. Otherwise we will be hanging around these levels and I'll have a lot of shares for sale...
Oh, well. I understand your frustration.
Happy trading
Stefan
tech/a
No Ordinary Duck
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Re: MUL - Where to from here?
Earnings forcasts are like weather forcasts.
They are often wrong.
I know there are many here who have a great deal invested in this and other stocks like it.
There is a lesson to be learnt here and a very bitter pill to swallow.
Dont buy "Could be's", "Should be's" or "Maybe's".
If its performing buy it.
If it could ,should, or maybe,buy it when it is!
Sell it when its not!
Earnings forcasts are like weather forcasts.
They are often wrong.
I know there are many here who have a great deal invested in this and other stocks like it.
There is a lesson to be learnt here and a very bitter pill to swallow.
Dont buy "Could be's", "Should be's" or "Maybe's".
If its performing buy it.
If it could ,should, or maybe,buy it when it is!
Sell it when its not!
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Re: MUL - Where to from here?
Happy trading
Stefan
That remains to be seen. We'll talk in about 6 months. If I'm wrong, then the pill will be very bitter indeed. If I'm right, then that BBQ will go ahead.
Happy trading
Stefan
Re: MUL - Where to from here?
It appears that the MUL share offer isn't going to be taken up by many of the holders on this forum at least. Is this because there is a general perception that the shares are going to be able to be bought on market at a cheaper price at a later date?
My view is MUL management realize this too, especially since holders from their last share offer at 6 cents around a year ago are still sitting on a significant paper loss. I think they are well aware that shareholders are skeptical and may not take up the offer this time around. Hence my suspicion that there will be short term gains in the MUL share price.
I suspect MUL have a few surprises in store before the deadline for the share offer. They will get their money for sure if the shares are trading well about the share offer price by the time November 26 rolls around.
After all, who can resist easy money?
It appears that the MUL share offer isn't going to be taken up by many of the holders on this forum at least. Is this because there is a general perception that the shares are going to be able to be bought on market at a cheaper price at a later date?
My view is MUL management realize this too, especially since holders from their last share offer at 6 cents around a year ago are still sitting on a significant paper loss. I think they are well aware that shareholders are skeptical and may not take up the offer this time around. Hence my suspicion that there will be short term gains in the MUL share price.
I suspect MUL have a few surprises in store before the deadline for the share offer. They will get their money for sure if the shares are trading well about the share offer price by the time November 26 rolls around.
After all, who can resist easy money?
Re: MUL - Where to from here?
they have done their best to wrap the old news with a pretty cover. but the market is not convinced without real news (new contracts, new development, etc.). I believe if they did have something at hand, they would have given the market a hint even though they were not ready to be announced. In the briefing, they only talked about Airworks, no middle east, where new contracts supposed to come in.
i used to be quite positive about mul. But after reading tech/a's posts, i am now feeling the same way as brerwallabi.
well i think mul already tried their best to lift the market.
forecast
open briefing
presentation
annual report
they have done their best to wrap the old news with a pretty cover. but the market is not convinced without real news (new contracts, new development, etc.). I believe if they did have something at hand, they would have given the market a hint even though they were not ready to be announced. In the briefing, they only talked about Airworks, no middle east, where new contracts supposed to come in.
i used to be quite positive about mul. But after reading tech/a's posts, i am now feeling the same way as brerwallabi.
Re: MUL - Where to from here?
I guess we'll just have to wait and see over the next two weeks or so.
I wonder what would happen to the share offer if MUL's share price was languishing below the 3 cent mark come November 26?
What would happen if the share offer was undersubscribed?
Hmmmm....
I guess we'll just have to wait and see over the next two weeks or so.
I wonder what would happen to the share offer if MUL's share price was languishing below the 3 cent mark come November 26?
What would happen if the share offer was undersubscribed?
Hmmmm....
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Re: MUL - Where to from here?
Based on today's action, I'd say we better all wait and see for a while...
Happy trading
Stefan
Based on today's action, I'd say we better all wait and see for a while...
Happy trading
Stefan
Re: MUL - Where to from here?
sorry make that 12.5%.
If i was to take up the deal now and fork out $5000 to purchase the shares at 3 cents, then would that mean i can sell immediately and make an easy profit?
5000/0.03 = 166666 shares
166666 * 0.036 = $5999.976
5999.976 - 5000 = $999.976
Thats an easy grand made. My only question is: are there any limitations to when i can sell off my holdings?
BTW: Volumn piking up there
sorry make that 12.5%.
If i was to take up the deal now and fork out $5000 to purchase the shares at 3 cents, then would that mean i can sell immediately and make an easy profit?
5000/0.03 = 166666 shares
166666 * 0.036 = $5999.976
5999.976 - 5000 = $999.976
Thats an easy grand made. My only question is: are there any limitations to when i can sell off my holdings?
BTW: Volumn piking up there
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Re: MUL - Where to from here?
No, you can sell the shares right away... but you won't have them for a few weeks yet!Lucstar said:
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Re: MUL - Where to from here?
Luc,
As Joe said, you can sell them as soon as you get them and that won't be until early December. That's why some of us think they will release news to push up the price, sucking in buyers to get the money they are looking for, only to see the price come back down once the offering is over.
While I have no doubt that management is interested in a higher share price to make the offer more attractive, there are only limited things they can do. You can't wait to announce new deals. These days the word spreads quickly. They may have a few things in the pipeline which they hope to complete during the offering period but if they do, then that's just what it is. If it's worth it then the price will go up. It would have done so with or without the new shares.
Too much speculation as usual. Better wait and see.
Happy trading
Stefan
Luc,
As Joe said, you can sell them as soon as you get them and that won't be until early December. That's why some of us think they will release news to push up the price, sucking in buyers to get the money they are looking for, only to see the price come back down once the offering is over.
While I have no doubt that management is interested in a higher share price to make the offer more attractive, there are only limited things they can do. You can't wait to announce new deals. These days the word spreads quickly. They may have a few things in the pipeline which they hope to complete during the offering period but if they do, then that's just what it is. If it's worth it then the price will go up. It would have done so with or without the new shares.
Too much speculation as usual. Better wait and see.
Happy trading
Stefan
Re: MUL - Where to from here?
Thanks for the alert Lucstar. I have sold 150000 of my shares to take up my new issue of 166,666 new shares , a few hundred dollars in the pocket and an additional 16,666 shares in the company .That was too easy. If you are a shareholder , why not sell some shares ,even though you might make a loss to take up new shares at a lower price . Average your entry price down.
ONCE AGAIN THANKYOU !!!!
Regards KOOKA
Lucstar said:
Thanks for the alert Lucstar. I have sold 150000 of my shares to take up my new issue of 166,666 new shares , a few hundred dollars in the pocket and an additional 16,666 shares in the company .That was too easy. If you are a shareholder , why not sell some shares ,even though you might make a loss to take up new shares at a lower price . Average your entry price down.
ONCE AGAIN THANKYOU !!!!
Regards KOOKA
Re: MUL - Where to from here?
Lucstar
You only had to be a shareholder on a certain date (a few weeks ago - cant remember the exact one) - similar to when a share goes ex-dividend anyone who sells after that date is still entitled to the dividend even though they no longer own shares in the company.
Malachii
Lucstar
You only had to be a shareholder on a certain date (a few weeks ago - cant remember the exact one) - similar to when a share goes ex-dividend anyone who sells after that date is still entitled to the dividend even though they no longer own shares in the company.
Malachii
Re: MUL - Where to from here?
Interesting......
The offer states you are eligable if you are a registered holder of (MUL) (what would be the minium holding?) and then goes on to say you must have been a registered holder as at 5pm est 29 oct 2004.
I read this to mean you must still have a holding with MUL to be eligable but you would only need to hold one share.
The problem with the whole situation IMO is that you are not given any real indication as to when you will be issued shares.
"shares will be issued as soon as reasonably practicle"
Anything could happen to the price of MUL in "that" time frame.
Interesting......
The offer states you are eligable if you are a registered holder of (MUL) (what would be the minium holding?) and then goes on to say you must have been a registered holder as at 5pm est 29 oct 2004.
I read this to mean you must still have a holding with MUL to be eligable but you would only need to hold one share.
The problem with the whole situation IMO is that you are not given any real indication as to when you will be issued shares.
"shares will be issued as soon as reasonably practicle"
Anything could happen to the price of MUL in "that" time frame.
Re: MUL - Where to from here?
The issue of shares closes on 26th November . You are right CLOWBOY all sharehoders are entitled to a maximum of 166,666 shares even if you had a nominal amount of shares. Two years ago I applied for 100,000 shares at 1.5cents whilst having a holding of only 10,000 shares at the time. Last year I got 83,333 shares for the 110,000 shares I held and this is the third year I am participating in their fundraising. This is probably the last, as the $7.5 million is the estimated funds that are needed for the period up to February 2005 when it is expected that income for the first time will exceed expenditure and net profits start to role in. Regards KOOKA.
The issue of shares closes on 26th November . You are right CLOWBOY all sharehoders are entitled to a maximum of 166,666 shares even if you had a nominal amount of shares. Two years ago I applied for 100,000 shares at 1.5cents whilst having a holding of only 10,000 shares at the time. Last year I got 83,333 shares for the 110,000 shares I held and this is the third year I am participating in their fundraising. This is probably the last, as the $7.5 million is the estimated funds that are needed for the period up to February 2005 when it is expected that income for the first time will exceed expenditure and net profits start to role in. Regards KOOKA.
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