MUL - Multiemedia Limited

[stefan]

Re: MUL holders: Are you taking up the new share offer?

if mul management are really serious about their company they shouldn't let the sp drop to 3c next week.

Maybe you're right about the 3.5 cents but at the moment it can't go higher as long as people can sell and then buy back at 3cents. Now of course not everybody is doing it (me for example) but at 3.5 the wall seems pretty impressive. As far management is concerned, there is only so much they can do. Anyway, the SPP is closing tomorrow so today is pretty much the last chance to sell your shares if you plan to profit from the discounted rate.

Once this is done, we'll have the AGM on Monday and then the stock is ready to move. I remain bullish as far as the next 6 months are concerned. If these guys can stick to what they said in their forecast, then the share price will seriously increase in early 2005. They just need to proof that they can stick to what they said. I try to read between the lines:

The contract with the Red Cross in Iran follows NewSat’s recent contract wins with Meeral Company in Iraq and Global Beam Communications in Egypt and further increases recurring revenues.

So does that mean that any new contract will be adding recurring revenues ON TOP of what they had in their forecast? That would be excellent news.

Another thing is the option plan for directors. They seem to be pretty sure they'll reach the target by proposing that the minimum net profit after tax has to be 11.6 million before directors are entitled to cash in on this plan. They'll only get the full monty if they can top 18.9 million which therefore must be something they consider as reasonable (Keeping in mind that these guys are never shy to profit as much as possible with all the options and shares they usually give away to themselves). Well, just thinking. After all I still believe that this company can take the corner and reward me with a nice windfall in 2005.

Happy trading

Stefan

PS: As usual, be aware that I'm holding a substantial amount of shares in MUL.

 

[Lucstar]

Re: MUL holders: Are you taking up the new share offer?

Could someone please posts some info on the AGM. It is an important event and luckily school finishes tommorrow. So i want to make it to the AGM. I didn't get any letters in the mail regarding the AGM.

 

[stefan]

Re: MUL holders: Are you taking up the new share offer?

Luc, you know they do have a website just in case...

Try this:

http://www.multiemedia.com/investor/pdfs/ASX141.pdf

If you go to the AGM, please listen carefully and report back! I'd appreciate your feedback and general impression you got about management.

Happy trading

Stefan

 

[tiggy7]

Re: MUL - Where to from here?

The Bollenger bands are very tight with Mul does any of the chartists feel a breakout is close at hand. With the AGM very close now could there be something unexpected to be announced

 

[Lucstar]

Re: MUL - Where to from here?

"The Bollenger bands" Tiggy

I've seen this term whiz pass a couple times. Could somone explain to me how it works.
Much appreciated

 

[kooka1956]

Re: MUL - Where to from here?

My predictions are that most of the issue will be filled . There have been sufficient sales at 3.4 and 3.5 cents. If most of those sales were current shareholders selling to take up their new entitlement at the lower price company will get their funds and should be liquid until such time as they become cash flow positive .I am the only person on this thread that would appear to have taken up the new issue . If you were a current shareholder ( as at books close for the issue) there was an easy $750 to $1000 to be made by selling at the market price to raise money to take up the new issue. No extra funds were needed to be paid out. Anyway thankyou again to LUCSTAR on the other thread for pointing this out to me. KOOKA

 

[stefan]

Re: MUL - Where to from here?

I'm a bit more optimistic than a week ago as far as the SPP is concerned. Monday is the AGM and therefore everything should be clear for the rest of the week. From now on it should develop into a steady upward trend, provided that we hear nothing but good news on Monday. My MUL portfolio is waiting to grow at a rather impressive rate within the next 6 months. Looking at the past few months, there was nothing but good news and yet the share price didn't go anywhere. Too many uncertain factors still in play, especially the long awaited SPP which is now over.

IMHO this is the turning point from a pump and dump stock into something a bit more serious, backed by solid growth figures. It's either now or never for MUL. I'm still convinced they can make it happen.

Have a nice weekend

Stefan

 

[funnyone]

Re: MUL - Where to from here?

One more hurdle to jump ... Share consolidation...with more than a billion shares out there it's hard to manage. Afterwards it should be a clear run down the straight... Airwork should bring in some fat contracts in OZ...Newsat might get in bed with the chinese ...O'boy it's blue skies from hereon... the gravy train is about to depart ...hop on if you can...

 

[stefan]

Re: MUL - Where to from here?

One more hurdle to jump ... Share consolidation

I'd say this isn't a hurdle. Normally a reverse split isn't regarded as a good thing but for MUL it can only be positive. It will take the daytrading focus away and make any increase in share price more sustainable. I can't wait to see it happen and I've made sure I still have plenty of shares afterwards

Anyway, I'm not too sure this will happen within the next few months. I guess they have other things to do first. I might be wrong of course. It just looks like something they will consider once the price has moved up a bit. After all, they are keen to see it at more than $1 to list on NASDAQ and for that A LOT has to happen first... Well, we shall see.

Have a nice weekend

Stefan

 

[stefan]

Re: MUL - Where to from here?

Somebody sure is dumping MUL shares in the millions this morning...

Happy trading

Stefan

 

[tiggy7]

Re: MUL - Where to from here?

Does anyone have any feedback re the AGM meeting today?

 

[tarnor]

Re: MUL - Where to from here?

interesting to see the amount of against votes on new issue of options to directors, could have very well have not passed..

I'm not really that impressed with mul hope it comes good for everyone

 

[stefan]

Re: MUL - Where to from here?

interesting to see the amount of against votes on new issue of options to directors, could have very well have not passed..

Yes, I would have enjoyed that very much. I think it sends a clear signal to the directors that shareholders are not happy about those free give aways at all. I hope that they got the message.

So the SPP raised a bit more than 3 million dollars which means it was way undersubscribed with less than 50% uptake. The original goal was to get 7.5 million. Another sign that this is clearly the last chance for management given by shareholders.

Don't know what to take out of that but for now I still stick to the "everything is clear now" idea posted earlier.

Happy trading

Stefan

 

[funnyone]

Re: MUL - Where to from here?

SPP was an opportunity for punters to top up at 3c...Last SPP as stated....no effort was made to promote it....no incentive...one could get heaps of 3.2c on market...last SPP was done brillianltly because they were desperate to get cash ( 6c a share and SP was pumpped up to 12c...once the money was in the bank..SP dropped to 7c in couple of days...they raised 13 million ) . Now, if required, they can get as much money they need from other investors at 3c per share.

Management knows this is their last chance.... perform or perish. However, I think they done a good job in laying the foundation of a sound company albeit with alot of pain to small and long term investors ... we didn't make any money from MUL this year when every boby else was filling the piggy... as one commentator said (if you didn't make money in the share market this year you're a loser..)...but I think MULers are going to have the last laugh...

 

[crocdee]

Re: MUL - Where to from here?

hi all
haven't got into reading reports etc of the agm as yet however it was good to see the close of the day @ 3.2c albeit there was a good dump of shares earlier @ 3.2c.

3.1c is now the support level of mul's last forward movement from 1-10-04. if the sp falls below this point the i see it having a further steady decline to 2.4c which of course i definetly don't want to happen.

it is now up to the management to move forward and deliver the goods which they say they have however many at this point of time are sceptical. i still believe they will do it but atm we appear to be on the knife edge.

december generally is not a good month the market however there are always excecptions to the rule let's hope mul is one of them.

my thoughts atm. interested in what you think

regards croc

 

[crocdee]

Re: MUL - Where to from here?

1.5mil @ 3.3c just transacted very interesting

croc

 

[funnyone]

Re: MUL - Where to from here?

Chairman's address is a confirmation of what we already know. I have to confess that during the year, at times, I for one was very dirty with management because there was no clear vision...alot of speculation and rumours...and SP dived to 2.4c. At present...it is obvious that MUL is going the right way...the future looks fantastic...the type of business MUL is into (new age Tech and Ads) is going to be around for a long time ... We just need the guys at MUL to run the business well and keep tight books an SP will go up 10X next year...

 

[tiggy7]

Re: MUL - Where to from here?

Does anyone think Mul will drift under the 3c mark maybe people feel that the announcements will now stop for a while and decide to get out. What do the chartists think of the situation.

 

[Porper]

Re: MUL - Where to from here?

Well, MUL dipped briefly below 0.03 today, what is everyones view on this, seems a good possibility it will go under 0.03 next week and stay there now, unfortunately.

My sell order at 0.034 came and went for the week so still have my little lot.I am really indicisive over this stock, part of me even wants to buy some more if it gets into the late 2's as there is a possibility or dare I say probability that the company can come good next year.Management and whether we can trust their projections is the key I feel.

I think the other problem is that a lot of investors are fed up and waiting for MUL to spike so they can sell, this will be at varying prices depending on what price they bought in at, this could certainly stop the share price in it's tracks whenever it tries to break out on good news.What do others think about this theory. :dunno:

 

[brerwallabi]

Re: MUL - Where to from here?

We can all still make money out of MUL, it's money for old rope,(buy a mil sell a mil) but if you bought in the 4's and 5's its going to be a long wait. I see 2.5 coming (BUYING OPP) and the snippets of news will cause some spikes, unfortunately I cant trade it anymore due to my work. I still hold because it fell again, next spike I am out. The share price will in my opinion not go really anywhere till the company turns a profit and that is still a long way off. Right now this animal is costing me money if I was trading to my plan I would not hold MUL but somehow this company has me trapped, just like poker machines do with gamblers.