MUL - Multiemedia Limited

[dmargon]

Re: MUL - Where to from here?

hi,
i have mul shares.
i had nothing to do this afternoon, so i thought i'd type multiemedia in google and see what i got. i got the following things that might have been of interest if mul had put them on their website.
they are:
http://www.portaliraq.com/shownews.php?id=158
http://www.arnnet.com.au/index.php?id=325245576
http://www.zdnet.com.au/news/communications/0,2000061791,39157358,00.htm
and a bit older http://www.spacenewsfeed.co.uk/2004/14March2004_8.html

mul could, but dont, point news group readers at these news articles to keep their shareholders informed... in any case they are interesting reading, in context..
d

 

[stefan]

Re: MUL - Where to from here?

dmargon,

All these articles are referring to old news. The US military deal is more than 1 year old, the Airworks story was mentioned several times in all the reports MUL has provided to shareholders including announcements made on the ASX. The same goes for the VOIP technology. You see, all these news don't related to MONEY (except for the US military but that's way too old now) which is why MUL isn't going anywhere until they proof to shareholders that they can stick to their forecast. It is a mistery how they think they can come up with that sort of profit without announcing new deals every week. Maybe their calculations are based on what they already have but I highly doubt that. So every week that passes without news, is taken as an indication that they can't get enough deals to make it happen. The last deal was the red cross one. Before that it was VERY quiet for way too long. Believe me, if MUL has something to brag about, they won't waste a second to post it everywhere. During the AGM investors were assured that management is feeling confident that they can achieve the goals. But there was no detailed explaination how. They also haven't shed any light on the HIBIS business. How many government supported installations have they done since it became available?

I'm holding a lot of MUL and I will keep doing so because now is not the time to quit. The time to run was a year ago. Now is the time to sit and wait to see if they can finally turn this into a profitable business which will certainly have a major impact on its share price.

There's no point in searching Google for news. If there's news worth mentioning then MUL will mention it.

Anyway, let's see what happens next. It could well fall bellow 3 cents again for a short while but I would expect it to hold around these levels. You never know what happens next with MUL. A stock that can trade 500million shares in a day is always good for a surprise or two...

It's a pitty that shareholders have to wait for so long but that's how it is.

Happy trading

Stefan

 

[dmargon]

Re: MUL - Where to from here?

your right stefan, the news is old, but gleaning any data that correlates muls rare releases is worthwile. it amazes me that a company that seems to have such an enormous franchise as mul with its satelite business cant seem to make business. i mean, they have all of india, asia, australia(, which i would have thought would have meant that they could resell their bandwidth to telstra to help them with their non city communications woes), and china. they get some stuff in the middle east. obviously they have one distributor that can see the value of the solution, but for the other 3billion people under their satelites noone can seem to sell their products. it seems that they are getting a bigger and bigger headcount, but i cant see any reveue from them.. i hope they arent just yes men.
oh well.
we can just wait and see what they can do with such a wonderful opportunity. although sadly its not too uncommon that good opportunities are wasted because of bad management decisions.
d

 

[stefan]

Re: MUL - Where to from here?

we can just wait and see what they can do with such a wonderful opportunity. although sadly its not too uncommon that good opportunities are wasted because of bad management decisions.

You're certainly right. Management has yet to proof that they are worth the amount of money shareholders have put up their xxxxx. I for one think they are a bunch of lunatics with little credentials but I've made that statement many times before. Now that one of them has resigned, they are actually planning to add another one. I wonder what benefit that would bring to the company. This would only be good if the guy would be a well known figure and I highly doubt that they can get someone like that.

which i would have thought would have meant that they could resell their bandwidth to telstra to help them with their non city communications woes

You're kidding. Telstra has it's own product and they'd die rather than using something else. You see, the MUL solution may be technically superior to what Telstra and Optus have to offer but regional farmers and remote stations don't need 4mbit download. So the lame 512KB Telstra has to offer on their satellite will be enough. Keep in mind that everything new takes it's time to find a place in the market. You can't expect people to jump onto the MUL solution just because it's available. There may be millions of people in the covered area but how many of them are in a position to pay for such a solution? Yet alone, why would you need it if your living somewhere in Africa? Wouldn't you have other more important issues? MUL is not focusing on SOHO users. They are after the business customers and convincing them takes some time and effort. It can all be done. But it takes time.

I'll hang in there to see how we go in the first quarter of 2005. That will certainly show us whether or not the goals can be achieved.

Happy trading

Stefan

 

[dmargon]

Re: MUL - Where to from here?

interesting point about telstra stefan. however there is nothing to stop telstra adding the product to its portfolio to show its trying, even if it doesnt intend pushing the product.
as far as the rest of the world is concerned, there are heaps of companies just dying to get bandwidth in these countries, and just because there are lots of people struggling to keep their rice bowls filled, there are more indaviduals than australians in these countries that are incredibly rich. ive worked in these regions for years. even in the south pacific, its not that thhe companies dont have money to afford a 4mb connection, its simply not available, and it criples their poor countries economies. this type of service for many is incredibly important. and if they really want it heaps of government or non government egencies (Especially the Europeans and Japanese) are dying to hand out the cash to subsiidise usage of this type of technology.
in the end i come from the half full part of the world, its easy fr these huys to say its half empty..
i think (and agree with you) they probably need a director, who can drive the business a little more, rather than the absent Chuck, (who knows what he does!) and the chairman, who appears to say whatever adrian asks. im sure they have had the opportunity in the past, however it will be difficult for any director to win a vote in this environment...
d

 

[stefan]

Re: MUL - Where to from here?

just because there are lots of people struggling to keep their rice bowls filled, there are more indaviduals than australians in these countries that are incredibly rich.

I agree. There are indeed VERY rich people in these areas. My point is more that MUL is not targeting indivuals but companies. And these deals often take several months to complete. You see, they are offering this broadband at sea thing to put on your yacht, giving you broadband in the middle of the ocean. Sounds great, costs 30'000 dollars and therefore won't be picked up by the average sailor. Interesting solution for container ships and fleets but to sell this you will need a lot of time and effort. The same goes for companies with several offices around the globe or middle east. They will have to change over their technology to satellite systems and they probably already invested money into something similar which just isn't as good. But for the time being they are stuck with it until they can write it off. Again, my point is time. MUL will get deal out of this area and I personally am much more in favour of the Middle East than Australia in terms of potential customers for the same reason you mentioned in your posting. They sure do have a lot of money. I'm sure we will get more news. Now is the time to be patient. What I've been waiting for is now about to unfold. We shall see if it's any good. I sure think it is.

Happy trading

Stefan

 

[Lucstar]

Re: MUL - Where to from here?

Is my watch playing tricks on me? Or is MUL not opening at scheduled time today?

 

[stefan]

Re: MUL - Where to from here?

So the new issue is over and done with, shares have been placed and we now have a hefty 1372416167 shares floating around. No wonder the share price is correcting itself to reflect the new amount of shares in the market. Anyway, one more remark. Only one of the directors felt like spending $5000 to participate in the purchase plan. All the other guys probably didn't give a **** as they are swimming in MUL shares which they mostly got for free or at ridiculous discounts.

It's a pitty, really. Anyhow, now let's see what happens over the next quarter. They better make it worth my time...

Some lucky guy got paid 5million shares for strategic financial consulting. One has to wonder what sort of advice to got out of this...

Happy trading

Stefan

 

[dmargon]

Re: MUL - Where to from here?

Stefan, i think the advice was how to screw the shareholder....

 

[tech/a]

Re: MUL - Where to from here?

The shareholders are screwing themselves.

If this thread is any indication of the thought sequence of shareholders in this company then its no mystery to me.

Have a good read.
Every possible "hope" is dragged up at every single turn of price either positive or negative.

Guessing of whos thinking what.
Guessing of why that happened or what effect that or this will have.

Look at the chart its not hard to see what the market thinks.
Yet every time I open this thread people are hypothesising what the next move will bring.

Ive read all the posts.
Some people bought at 1.6c and watched it go to 10c plus and STILL HOLD ( I find that remarkable!!)
Some have also bought all the way down (I find that suicidal!!)
Some have watched the price reciently rise to 5c and still hold and still buy as its falling (Seriously thats just plain crazy).

Your not looking at the FACTS.
There is a wealth of fundamental information about this company yet the analysis of it that I see here is plain self serving.

(1)They cant turn a profit.
(2)The cant raise funds from conventional lending institutions.
(3)Even the directors wont put their own funds in to grow the company.
(4)One director sold up and left.
(5)Their rights issue fell short! well short
(6)The stock is trading below the issue price.

How can any clearly thinking person (one not involved in the fear and greed of holding such a lemon) make a continued decision to hold and in worst cases actually buy more of this stock!!

Ill say it again.
If it rises buy it particularly on good news---you may not get the full rise but if your watching it youll see it-------It may never come and you may well see the companies delisting first as an un secured creditor youll no recieve anything back from your holding.

This is NOT the way to trade profitably

tech

 

[stefan]

Re: MUL - Where to from here?

Tech,
Points well taken. I find my holding remarkable myself. I've never made a secret that MUL is my high risk crazy investment which I just like to have. In my view, which I admit has nothing to do with technical or reasonable analysis in any way, this sucker stock has the potential to turn into something more reaonsable and I stuck it into my head that I will profit from it all the way and not just on an occasional run. After all, it is a typical small cap stock. When you invest into a dog, you better have your reasons. I do have mine and they have nothing to do with charts or fundamentals otherwise I would have never gone anywhere near it. I'm holding for 2 years and during that period I will not seize to post my frustration whenever I feel it's appropriate. Ok, so far it's been appropriate for almost the whole period of 18 months. I have 6 months to do. When I bought it I looked into their product and the industry itself. Being involved in it I considered it worth a shot. I know how long it takes to establish something like that so I gave them 2 years. If they can turn this around within that period, then I'm making a profit and if they can't make it then I'll most likely make a very small profit or a loss. I honestly do not believe that they will run out of steam within the next 6 months. We will have very clear measures to compare their results in the coming months.

I do not believe that you can make lots of money out of MUL by buying and selling it during runs. You WILL get stuck. It is running up and down way too quick. If you get stuck 1 out of 3 times, then chances are your profits are all gone quickly. My average is 2.2 cents and I consider that as reasonably low to feel optimistic for the next few months.

In the end only time will tell.

Happy trading

Stefan

 

[tech/a]

Re: MUL - Where to from here?

Ill disappear back into cyberspace,but couldnt stand by and watch this irresponsibility any longer!

 

[Knobby22]

Re: MUL - Where to from here?

Speaking more fom a fundamentals viewpoint, I think this company is at the cusp at the moment.

The company appears to be desparately fighting for survival.
The odds don't look too good from where I sit. The chairmans speech was not encouraging and lack of director support is worrying.

 

[stefan]

Re: MUL - Where to from here?

Tech,

This is NOT the way to trade profitably

You're assuming that my MUL holding is reflecting my way of trading. If that was the case then I wouldn't exist anymore. I beg to differ.

I never recommended MUL to anyone. In fact, I've made it quite clear that this is a high risk thing and everybody has to find his own way to trade it. Your assumption that my advice is irresponsible would be true if I had indeed told members of this forum to invest into MUL but I have not.

Guessing what may be in store next is just a typical thing to do for a penny stock. Why wouldn't you? There are many exciting things that could eventuate and there are many potential dangers that may come true.

Is MUL a save way to invest your money? Geez, surely not. Is it wise to hold on instead of selling for a quick profit? That's something that depends on each individual. If taxation is an issue then holding on may still proof to be the better way especially as you can't trade MUL for a profit each and every time it runs or falls.

However, lots of people are holding MUL shares and lots of people have lost money or got stuck in it at some point. This is why this thread gets so much attention. After all, MUL is one of the most heavily traded stocks in the market and you can either ignore it and live a happy live or you can talk about it and still live a happy live. Lots of MUL holders are frustrated with its performance and management. Why they are still holding on to it is none of my business. I have my reaons and as long as I'm holding it, I will keep posting about it. Others have different views and surely one of those many views will eventually turn out to be the right one.

Whether or not MUL is an irresponsible investment depends on the way you look at it.

Your advice is to stay away from it and my idea is that I will stick with it now that I've come this far. They are either going to live up to their forecast or fail. I believe that the first quarter of 2005 will be crucial and that's just a couple of months away.

Sure, it could crash and I will lose money. That's the nature of a penny stock. If this was my only investment then I would probably have a slightly different view but MUL is not my make it or break it investment.

Anyway, your input is always based on hard technical facts and surely a wake up call for all investors who are hanging in there for whatever reason to check if it's really worth it. You have a method of trading which doesn't allow for high risk plays and that's most certainly the only responsible way to trade. I just like to have a go at a high risk stock while keeping an eye on my long term portfolio.

I say it again: Investing in MUL is nothing but high risk. There is no fundamental and no technical reason why you would invest in it. Maybe we will see some fundamentals eventuate within the next months but that's exactly why it is high risk.

Happy trading

Stefan

 

[tech/a]

Re: MUL - Where to from here?

Your not looking at the FACTS.
There is a wealth of fundamental information about this company yet the analysis of it that I see here is plain self serving.

(1)They cant turn a profit.
(2)The cant raise funds from conventional lending institutions.
(3)Even the directors wont put their own funds in to grow the company.
(4)One director sold up and left.
(5)Their rights issue fell short! well short
(6)The stock is trading below the issue price.


tech

Dont see any technicals here Stef.!

Ill add another fundamental.
Financial adviser is paid in shares!
Now the optimist would see this as 'He must be confident in the Company to take payment in shares'
I see it as ---- issue is under subscribed so pay him in shares that way its not out of the cheque book which is pretty sick.
5 mill x 3.4c say thats the value at the time of payment $170K
Value now $145K so whos smarter the financial guy or the directors who paid him? (Unless ofcourse the financial guy sold days ago!).

Stef.
This isnt the way for ANYONE to trade profitably and I see the average down type trade on this site on most small caps.
Not once have I see you or anyone else pipe up and say 'Hang on here do you really want to do that!"
These are the 97% of failing traders.
Very few here seem to be interested in how to trade profitably a few who do trade profitably have kept in contact by private posts and email.
The only ones I see post on the forum are arguably not profitable traders.
You may well be Stef but from what I see there isnt a great deal of evidence to support that!

Ill bet most traders ride em up and then ride em down!
Id hardly call a 6 mth opportunity to take 400% plus profit in your case Stef a short term trade!
What I see most here is the most common error in trading.
Not knowing when to
Holdem or Foldem..

tech

 

[malachii]

Re: MUL - Where to from here?

Interesting announcement this afternoon - I'm not sure how this will affect the stock in the short term but it shows that there is some thought to the future.

 

[Porper]

Re: MUL - Where to from here?

Originally Posted by Tech A

"Very few here seem to be interested in how to trade profitably a few who do trade profitably have kept in contact by private posts and email.
The only ones I see post on the forum are arguably not profitable traders.
You may well be Stef but from what I see there isnt a great deal of evidence to support that!"


You seem to be trying to pick a fight with everyone on here Tech A, not quite sure why.

For your information everyone on here definately does want to trade profitably, and a lot of us do so, that does not mean to say that we all need to contact you through email, I have enjoyed all posts on here (almost), yours included but I do not need you inferring that to trade profitably I need to contact you, I am doing fine thanks, enjoying the "Bull " run and learning as I go.Any constructive posts by yourself are well received, you are doing yourself no favours posting ones like this that are almost confrontational.

 

[Lucstar]

Re: MUL - Where to from here?

Looks like the market is definately reacting to the annoucement slowly and steadily.

 

[dmargon]

Re: MUL - Where to from here?

Interesting announcement this afternoon - I'm not sure how this will affect the stock in the short term but it shows that there is some thought to the future.

i think its because they need more money, and cant get any more locally..

d

 

[stefan]

Re: MUL - Where to from here?

Tech,

Not knowing when to Holdem or Foldem..

We talk about this again in March.

Just one thing to consider:
Savings on CGT are well worth considering even on a 400% profit if your circumstances are right.

You may argue that you could trade MUL several times while I keep holding but keep in mind that you can't do it successfully each time. You only need one failure to eat up your profits quicker than you can analyse a chart.

You may well be Stef but from what I see there isnt a great deal of evidence to support that!

IMHO this is not a place where people proof that they are successful traders. This is a place where traders meet to talk about whatever is on their minds. Some are after tips, others are after different views and some are just here to have a chat with fellow traders. If we all had to proof how successful we are, then this board would become a rather strange place to be.

I know you have been very active in showing your method and I think it's sad that you no longer do. You shouldn't get too upset because of me and my MUL holdings. I'm holding many other shares and I have no intention to talk about most of them.

A few points regarding your "fundamentals":

(1)They cant turn a profit.
They have forecast a positive cash flow for early 2005. Whether or not they can do that remains to be seen. It's a bit premature to say that they can't turn a profit. They have failed to produce one so far.

(2)The cant raise funds from conventional lending institutions.
Hm, that's the conclusion you come up with based on the many new fund raisers they had in the past. I can't argue whether or not that's true.

(3)Even the directors wont put their own funds in to grow the company.
This is indeed a sad thing to see but nevertheless it has been like that for the last 2 years and nothing much changed.

(4)One director sold up and left.
They come and go. Again, you assume that he had enough. We don't know how many shares he's holding nor do we know the reason he left.

(5)Their rights issue fell short! well short
Yep. As predicted. It wasn't particularly tempting at any stage. Will they now run out of money? I highly doubt that.

(6)The stock is trading below the issue price.
Bad news for those who bought into the issue. Not surprising really. If the share price was at 3.2 cents before the new issue then the price would have to go down reflecting the new number of shares. Anyway, it is actually trading at 3.2 cents as we speak.


(7)Financial adviser is paid in shares!
They have paid all their "services" in shares. It's almost a tradition. Even the web designer got paid in shares. Whether or not it is wise to do it is another point. I don't have a problem with that as long as the amount of shares are in moderation. It would appear that this hasn't always been the case in the past and I mentioned it more than once before.

MUL is running on news and that's it. There is nothing to support this stock other than news about deals. We just had another news release and they are now listed on the OTC market in the US. Wondering what that's going to do to the share price over the next few weeks.

Very few here seem to be interested in how to trade profitably a few who do trade profitably have kept in contact by private posts and email.

Well, not everybody who's trading profitably is keeping in touch. There are indeed DIFFERENT ways to trade the market. I can only hope that your and everybody else's success will continue so that we all end up with nice gains.

It still comes down to our 2 different views. You think that MUL is a dog and should be avoided or only traded on runs. I think MUL is worth my money and following my trading plan with MUL I have yet to be shown that I'm wrong. I'm currently up 40% and even for a 2 year holding that isn't too bad at all. Once I get closer to a million bucks, I'll let you know.



Happy trading

Stefan