MUL - Multiemedia Limited

[ghotib]

Re: MUL - Where to from here?

Hey. I didn't intend to denigrate anyone and I apologise to anyone who thought I did. I don't quite see how you can think that think I'm an expert on the company, but be assured that I don't. Au contraire.

I posted my first msg because my 5-minute read turned up a couple of red flags on MUL as a business. I dug around a bit before my 2nd post, and I've now dug around some more. I've learnt a little bit about satellites and VSAT. That's very interesting, but it doesn't tell me anything about MUL's technical strength or management competence.

I note that Stefan is less than happy about the management, but he believes in the product and holds the stock on those grounds. I also note that he's in the communications industry, which suggests that he has a much better base than I do for understanding the fundamentals of MUL's business. However, I was in software for a long time and even before the tech wreck I saw I saw manglement confusion and ignorance overwhelm fine products and finer people several times. Makes me wary.

Tony, I'm delighted you've made healthy profits trading MUL stock and I hope you do so again.

Cheers

Ghoti

 

[stefan]

Re: MUL - Where to from here?

Ghoti,

You're right about the many examples of good products going down the drain. I guess it comes down to your personal sentiments about a company and its product. If they don't fit your investment criterias then you'll have to look somewhere else. I'm the first to agree that MUL is a risky shot and that many things can go wrong. I did however a big amount of research before I bought it and as I said, based on that I felt like investing into it simply because I came to the conclusion that they are undervalued. Remind you that I bought them at a much cheaper level than what they currently are. Yes I still see much more potential but the price will only move after some major deals with reputable companies.  That's what I'm waiting for. These things take time. I'm prepared to give management that time and to proof themselves. Doesn't mean I'll treat them like gods. So far they are not doing what I would expect them to do, so I'm not happy.

I do invest in companies that I believe in. Normally I have to be sure of both, management and product. With MUL it's all based on product which makes me sleep less comfortable. But sometimes you can't have it all. A bargain often has a few catches and it's up to you to decide if it's still worth it for you.

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

hi guys
been a follower of mul for awhile out of the money at present. seems to be quite alot of accumulation at 4.3&4.4c.
does anyone have any thoughts as to when we are likely to see some action. obviously that will precede an announcement. jeeeez i hope its soon.
stefan i hope you win the comp mate. NO DISRESPECT TO THE REST.
regards croc

 

[stefan]

Re: MUL - Where to from here?

Crocdee,

While I'm holding a lot of MUL for more than 12 months now, I'm unable to predict any movement other than what I posted before. As you said, it's all down to news. It is currently trading on very low volume and I wouldn't expect too much of a move either way without any news. I do have a feeling that it may test the 4cent level if no news are released. Anyway, I remain positive and the reason why I picked MUL for the August competition has to do with timing. They will release the 2004 report mid September and I'm pretty sure that they will come up with news before then just to keep the market happy before they post a loss. There are a few events happening in the sat industry over the next few weeks and I hope that this will create some interest.

 

[Guest]

Re: MUL - Where to from here?

Crocdee ,check out www.atug.com.au , a seminar being held 5th August MUL are the major sponsors before Optus and Intelsat , with Ballantine being one of the malor speakers. This is BIG exposure, and I would expect some news from the company in the immediate future . MUL has dozens of things happening at the moment , which I hope are being consolidated , it,s great to get 1000 customers , but you need to service them at the same time . If they have their finger on the pulse , it,s only a matter of time when shares start to move .

 

[stefan]

Re: MUL - Where to from here?

it,s only a matter of time when shares start to move .

Yep. Only time will tell. MUL should be regarded as a speculative investment based on the market potential their solution seems to have. It takes a lot of time to convince the market of something new. You either have the nerves to sit it out or you don't and look for something more predictable.

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

tony
thanks for the link. maybe today will be the start of restoring confidence back in mul. u buyers obviously trying to prop up the price but not actually being genuine is a worry. back again today.
stefan hits it right on the head here patience hopefully will be our virtue with this one.
croc

 

[stefan]

Re: MUL - Where to from here?

Croc,

U bids on MUL are always reason to worry. As you said, most of them have been fake before. There were a few genuine ones but they are normally rare and very seldom right at the current BID level but rather 1 or 2 steps below.

Would be interesting to hear what Adrian (CEO) has to say today in Sydney, but I'm sure we will hear about it via some sort of news release.

Happy trading

Stefan

 

[stockGURU]

Re: MUL - Where to from here?

U bids on MUL are always reason to worry. As you said, most of them have been fake before. There were a few genuine ones but they are normally rare and very seldom right at the current BID level but rather 1 or 2 steps below.

This one is real.

Someone just dumped around 7 million shares at 4 cents and he took them all.

 

[still_in_school]

Re: MUL - Where to from here?

alrightie guys,

with so much talk about MUL, have placed a bid and have jumped on to the stock, but only have put a very small amount of capital in it.

Cheers,
sis

 

[stefan]

Re: MUL - Where to from here?

sis,

good luck with it! there is something happening with MUL after a long period of low volume. Don't expect this one to run within a few days. It's my pick for August but it's most likely going to be a while before something good comes out of it.

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

sis welcome aboard
like stefan i think they have the product however management from my point of view does suck. shareholders come second here (my opinion) get a good ride when its going just gotta know when to get on and stay off, bit like leathal weapon at movieworld
(if you have old bones like me)

regards croc

 

[stefan]

Re: MUL - Where to from here?

Croc,
As you would have seen in my other postings, I have the same view about management as you do. Maybe it's time that some shareholders actually start questioning them at their annual meeting. To my understanding last time there were only very few people attending and nothing critical was said or done. All we need is some 700 Million shares, then we kick their butts

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

stefan
youve won me however i live in perth. happy to give you or any other disgruntled shareholder my proxy.
was hoping sp would remain around 4c looking at todays opennig i would say 3.5c here we come. might buy afew more if that happens. not sure at this stage though

regards croc

 

[crocdee]

Re: MUL - Where to from here?

a 5mil buyer @ 3.8c sitting at the bottom of the 3.8s be intersting to see if they hold their position

croc

 

[stockGURU]

Re: MUL - Where to from here?

MUL is fighting to stay above 4 cents and I think it will do it.

I'll be very surprised if MUL finishes the day under 4 cents.

I think this early selling is mainly because of the shocking day they had in the US markets overnight.

 

[crocdee]

Re: MUL - Where to from here?

very interesting the 5mil bid @ 3.8c has just been pulled

croc

 

[stefan]

Re: MUL - Where to from here?

Croc,

We shall see. I'm not sure it will drop to 3.5 that quick but you never know. I think a lot of investors have given up after holding for 12months. They rather cash in at current levels than holding for more. After all, if you're holding from 1.6-2cents then 4cents is still a nice gain for 12 months. I for one am just too greedy to sell now. Not after holding that long. I'm planning to sell once we hit 35cents. That will do me just fine  ;D

I will consider adding more anytime below 4 cents but for now I'll wait and see.

Let's have a quick chat before the annual meeting if we are still holding by then.

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

stefan
these owe me 5.1c so will probably be still holding for awhile yet. still reckon they will drop lower will buy more then. the touble is you just dont know what management is likely to do before end of year financials
3.8c now and not looking strong
have an appointment at 1030 wst so will be away for a while

regards croc

 

[stefan]

Re: MUL - Where to from here?

Croc,

I agree. You never know with this one. Unfortunatelly it tends to run away very quick and always ahead of official news. It's pretty tricky to catch it at the right moment.

Happy trading

Stefan