MUL - Multiemedia Limited
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Knobby22
Mmmmmm 2nd breakfast
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Re: MUL - Where to from here?
Losses higher.
Almost out of cash.
Cashflow report looks awful.
My opinion is:
Sell Sell Sell.
Losses higher.
Almost out of cash.
Cashflow report looks awful.
My opinion is:
Sell Sell Sell.
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Re: MUL - Where to from here?
Definitly some wierd stuff in that report.
Rentworks have loaned 500,000 to MUL, and as security for that loan it has a mortgage on the shares of Airworks Ltd - ther company that MUL bought during the year. But Airworks was bought by MUL as having higher liability than book assets, so shares in Airworks are worth nothing - infact less than nothing becuase you're buying liabilities.
This can make sense for MUL becuase they may be able to create 'synergy' benefits for their company that outweigh the Liabilities - but for a finance company the shares surely can be worth only what you can recover from the company - Nothing!!
I don't follow MUL - does anyone know more about this, who are Rentworks?
Wierd, Wierd stuff
Definitly some wierd stuff in that report.
Rentworks have loaned 500,000 to MUL, and as security for that loan it has a mortgage on the shares of Airworks Ltd - ther company that MUL bought during the year. But Airworks was bought by MUL as having higher liability than book assets, so shares in Airworks are worth nothing - infact less than nothing becuase you're buying liabilities.
This can make sense for MUL becuase they may be able to create 'synergy' benefits for their company that outweigh the Liabilities - but for a finance company the shares surely can be worth only what you can recover from the company - Nothing!!
I don't follow MUL - does anyone know more about this, who are Rentworks?
Wierd, Wierd stuff
Knobby22
Mmmmmm 2nd breakfast
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Re: MUL - Where to from here?
Yes Clowboy, I don't understand why there are buyers. Maybe they didn't read past the propaganda on the first page? Or maybe Tech is right about this being a hope stock. Am I missing something?
Yes Clowboy, I don't understand why there are buyers. Maybe they didn't read past the propaganda on the first page? Or maybe Tech is right about this being a hope stock. Am I missing something?
RichKid
PlanYourTrade > TradeYourPlan
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Re: MUL - Where to from here?
Excuse my two cents worth but I'm reading this thread to try and understand the psychology behind MUL buying. Perhaps the typical MUL holder only reads the first page of co anncts and doesn't (or can't) understand financial statements adequately (I certainly can't)? Or maybe they were looking for worse and are now content to hold it as a bottom drawer?
Eitherway, it looked like a positive day for MUL (ie didn't fall despite what appears to be poor financials), but no one knows why, which is always a worry...
Excuse my two cents worth but I'm reading this thread to try and understand the psychology behind MUL buying. Perhaps the typical MUL holder only reads the first page of co anncts and doesn't (or can't) understand financial statements adequately (I certainly can't)? Or maybe they were looking for worse and are now content to hold it as a bottom drawer?
Eitherway, it looked like a positive day for MUL (ie didn't fall despite what appears to be poor financials), but no one knows why, which is always a worry...
Re: MUL - Where to from here?
The latest announcement by map represents they are on track. Not indicated by the share price, they are actually a very big company, mabey not in comparison to say Telstra or News Corp, but they do have alot of capital behind them. All three subsidery companies MTD, Airworks Media and NewSat Satellite Broadband are going better than in the last announcement. All in all, I think it was a good 6 months for MUL, as they are gaining more ground in the industry.
The latest announcement by map represents they are on track. Not indicated by the share price, they are actually a very big company, mabey not in comparison to say Telstra or News Corp, but they do have alot of capital behind them. All three subsidery companies MTD, Airworks Media and NewSat Satellite Broadband are going better than in the last announcement. All in all, I think it was a good 6 months for MUL, as they are gaining more ground in the industry.
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Re: MUL - Where to from here?
Just quickly while I'm on a break:
The MUL report is in line with what they predicted. It is untrue that they should have made millions or whatever. They always predicted a loss and it is in line (slightly better) with what they said in their financial outlook.
HOWEVER:
They did not make as much as they predicted and they only matched their forecast because they saved some money. Compare the figures in the report and you will that they are about 4 million dollars short of what they predicted in their forecast. Their Newsat arm has not created as much money and neither has the licensing business. That worries me and would indicate that they may not meet the target of a profitable Jan-March quarter. If they miss that target then there's little hope for this stock.
I can't see why some people considered this report the make it or brake it point. IMHO the only important question is if they can turn it into a profit as predicted for JAN-MAR. THAT is the breaking point.
Certainly not looking promising as it would be very hard to increase the NEWSAT business by so many millions. Not to mention that they just raised another 2 million dollars and we don't have any details how they did this.(Maybe a missed it, I don't really have much time at hand).
We'll see. I'm still holding but if you're in the red with this one then you're probably up for a nerve wrecking period. Without new and big contracts it is almost certain that they will not reach their target and that as I said would be VERY bad indeed.
Happy trading
Stefan
Just quickly while I'm on a break:
The MUL report is in line with what they predicted. It is untrue that they should have made millions or whatever. They always predicted a loss and it is in line (slightly better) with what they said in their financial outlook.
HOWEVER:
They did not make as much as they predicted and they only matched their forecast because they saved some money. Compare the figures in the report and you will that they are about 4 million dollars short of what they predicted in their forecast. Their Newsat arm has not created as much money and neither has the licensing business. That worries me and would indicate that they may not meet the target of a profitable Jan-March quarter. If they miss that target then there's little hope for this stock.
I can't see why some people considered this report the make it or brake it point. IMHO the only important question is if they can turn it into a profit as predicted for JAN-MAR. THAT is the breaking point.
Certainly not looking promising as it would be very hard to increase the NEWSAT business by so many millions. Not to mention that they just raised another 2 million dollars and we don't have any details how they did this.(Maybe a missed it, I don't really have much time at hand).
We'll see. I'm still holding but if you're in the red with this one then you're probably up for a nerve wrecking period. Without new and big contracts it is almost certain that they will not reach their target and that as I said would be VERY bad indeed.
Happy trading
Stefan
Re: MUL - Where to from here?
Hi Stefan,
I agree with what you are saying.
I would like to add that I believe that it was the sudden airworks acquisition that knocked mul's finances about. They have provided their reasons for the purchase, and a wonderful purchase it appears to be.
Have a look at airworksmedia.com.au. Look at the related name and then click on benefits. See who they are targeting.
All I can say is wow.
Hi Stefan,
I agree with what you are saying.
I would like to add that I believe that it was the sudden airworks acquisition that knocked mul's finances about. They have provided their reasons for the purchase, and a wonderful purchase it appears to be.
Have a look at airworksmedia.com.au. Look at the related name and then click on benefits. See who they are targeting.
All I can say is wow.
Re: MUL - Where to from here?
MUL has not fallen out of bed yet.It was about July last year they advised reaching over 1000 customers(distributers) . The current report now indicates over 2000 distributers on their books. That's a 100% improvement in customers in a short period of time.I'm still confident this can be a winner,but I have nothing to lose, I have made my money on this stock several times over the years by being a contrarian. Sell on the quick jumps and buy back in once stock recedes. Unfortunately many people on this thread appear to have done the opposite bought in after the initial rise only to burn themselves if no stop/loss was effeected. Regards KOOKA
MUL has not fallen out of bed yet.It was about July last year they advised reaching over 1000 customers(distributers) . The current report now indicates over 2000 distributers on their books. That's a 100% improvement in customers in a short period of time.I'm still confident this can be a winner,but I have nothing to lose, I have made my money on this stock several times over the years by being a contrarian. Sell on the quick jumps and buy back in once stock recedes. Unfortunately many people on this thread appear to have done the opposite bought in after the initial rise only to burn themselves if no stop/loss was effeected. Regards KOOKA
Re: MUL - Where to from here?
http://www.airworksmedia.com.au/wowmedia.asp
this is the correct site.
http://www.airworksmedia.com.au/wowmedia.asp
this is the correct site.
Re: MUL - Where to from here?
Folks, the 27c buy is a farce. Below is the table with the 27c buy expanded. Notice the 10million to prop up the price?
No. Volume Price
19 15,349,848 0.027
420,000
500,000
500,000
300,000
148,148
148,000
300,000
300,000
100,000
100,000
50,000
35,000
350,000
1,000,000
183,700
185,000
580,000
10,000,000
150,000
12 5,447,334 0.026
13 5,258,334 0.025
5 1,000,000 0.024
3 330,000 0.023
3 840,000 0.022
1 300,000 0.021
2 250,000 0.02
1 300,000 0.015
1 200,000 0.01
1 97,500 0.008
Folks, the 27c buy is a farce. Below is the table with the 27c buy expanded. Notice the 10million to prop up the price?
No. Volume Price
19 15,349,848 0.027
420,000
500,000
500,000
300,000
148,148
148,000
300,000
300,000
100,000
100,000
50,000
35,000
350,000
1,000,000
183,700
185,000
580,000
10,000,000
150,000
12 5,447,334 0.026
13 5,258,334 0.025
5 1,000,000 0.024
3 330,000 0.023
3 840,000 0.022
1 300,000 0.021
2 250,000 0.02
1 300,000 0.015
1 200,000 0.01
1 97,500 0.008
Knobby22
Mmmmmm 2nd breakfast
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Re: MUL - Where to from here?
I am interested, but see no compelling reason to buy at this stage.
We need to see some writing on the wall. They look like they need another raising which will cause further dilution unless the company really starts making money. If it doen't turn around quickly they will start to get desperate and the dilution may be terrible.
I did well out of UEComm but this company appears less focused and a less obvious proposition. Why they bought another company with their cash position being what it is makes me wonder whether management understand their aim which is look after present shareholders.
I am interested, but see no compelling reason to buy at this stage.
We need to see some writing on the wall. They look like they need another raising which will cause further dilution unless the company really starts making money. If it doen't turn around quickly they will start to get desperate and the dilution may be terrible.
I did well out of UEComm but this company appears less focused and a less obvious proposition. Why they bought another company with their cash position being what it is makes me wonder whether management understand their aim which is look after present shareholders.
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