MUL - Multiemedia Limited

Re: MUL - Where to from here?

didnt look like anyone other than ballentine chuch and i voted. i voted no they voted yes of course. strange results.

Re: MUL - Where to from here?

Hmm a new low.

Anyone still holding or has everyone graduated from this course?

Re: MUL - Where to from here?

Found this article in Australian IT today,are Multiemedia getting the other 50%? Somehow I dont think so,but still heaps of dollars in our backyard and they dont look they getting a decent share, or are they?
Extra $50m found for bush broadband
Staff writers
JULY 07, 2005
THE federal Government has allocated a further $50 million to subsidise broadband access in rural and regional areas.
Federal Communications Minister Senator Helen Coonan said the money would be used to top-up the $107.8 million in funds already allocated to the Higher Bandwidth Incentive Scheme, HiBIS.
Senator Coonan said the decision was a testament to the scheme's successes.
"In the past 12 months more than 600 regional communities have been connected to terrestrial broadband services, such as ADSL and wireless, as a direct result of HiBIS," she said.
Senator Coonan said that over 34,000 Australians living in rural and regional parts of Australia had connected to broadband services as a result of HiBIS.
Telstra has been one the main beneficiaries of the scheme, with ADSL service connections accounting for over half of all HiBIS subsidies.
"I am particularly pleased that broadband take-up in regional Australia is now keeping pace with metropolitan areas - about 20 per cent and growing," Senator Coonan said.
The decision has pushed the federal Government's total spending to boost rural telecommunication services above the billion dollar mark, the Department of Communications Information Technology and the Arts (DCITA) said.

Re: MUL - Where to from here?

I thought this thread had finished! Are we aiming to get to 1000 posts!!! Seriously, I doubt that anything the Federal Government does will help this stock in the short term. I could of course be wrong but it sounds like Telstra might be the winner from the proposal.

Re: MUL - Where to from here?

Well I dont hold this now, I have bought and sold a few times but glad to be out of it, the company has a short but interesting history.My prediction is it will get to 1000 but dont expect it to be around to much longer after that unless it can produce a startling amount of cash at end of year. We will know shortly.

Re: MUL - Where to from here?

Knobby22 said:

What a bull the Hotcopper shareholder is.
Can bulls differentiate the bull?

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I can verify all information mentioned at the meeting was true. Only 32 people attended out of around 10,000 shareholders. Chairman was grilled for around 1 1/2 hours at the meeting, and continued to answer questions while having a cuppa.
The only thing I disagree with " There are a potential $30 million in contracts from 3 contacts" He then quantified that statement by saying one was almost in the bag and two were being worked on.I would expect an announcement in the not too distant future.
Other things mentioned, 1/. The company is obtaining a big profile in the Albury/Wodonga area, due mainly to mainly one reseller, who has a shop front in Albury.
2/.Airworks is cash positive, with potential for further contracts to be obtained because of Woolworths ( Liquorland? Harvey Norman?) A number of well known names were mentioned as looking into what Multiemedia was doing with Woolworths.
3/.Mid-East contracts were cash positive.
Australian operations not cash positive, but expected to be by August/September .
4/.$10 million facility is held in U.S.A. for drawing on when required if funds needed. This is already in place, and drawn upon on the basis of issuance of shares at current market prices. cost of facility was 3% i.e. $300,000 which had already been fully paid for. No other costs involved other than more shares being issued, hence the potential for up to 2 billion shares to be on registry before any consolidation happens.Therefore no call on funds from shareholders in the immediate future.
5/.Multiemedias' V.O.I.P. system is far superior to anything available in Australia.
On the basis of information received at the meeting which was all positive I believe the company is not a "dog" as people suggest. I have seen this stock as a trade many times over the past 3 years, and can see a potential return once again.
The above information was from the chairman himself at the recent meeting which I attended. I find it interesting that people that people can 'can' a company when they didn't even make the effort to attend the meeting.
I agree that this stock teaches you how not to trade, but if you are a contrarian, you look at the opposite point of view, and profits are there to be made. Regards Kooka

Re: MUL - Where to from here?

Thanks Kooka.

I have never owned the stock but am keeping an eye on it as a contrarian trade. Of the company survives there will probably be a point when it becomes a real buy.

I stress the company did not publish the Chairman's speech! Why not?
Doesn't he want to put it in writing?

If the chairman is telling the full story then the terrible negative cashflow should be lessening though it will continue, diluting present shareholders terribly.

Also, there are always deals and he hopes to get his share. He has not got one signed yet. There is a good chance he might not get any or the profit from the deal he eventually gets is marginal.

As an investor who relys on fundamental analysis, I await the Annual Report to understand the true situation and will act theron. I will not act until I believe real profits and positive cashflow are occurring. Don't forget, if their line of credit decides to pull the plug, the company will almost certainly go under.

I didn't go to the meeting but what I said still holds. Can a bull differentiate the bull? How many of the statements were placating desparate shareholders who are keen to justify holding their shares? How many statements were precluded by the word, -should, if it goes as planned, when, etc. It pays to be cynical.

Re: MUL - Where to from here?

Points taken Knobby22. I certainly can be cynical as well. I have take an interest in this stock for over 4 years, and I don't need to justify to anyone (particulary myself) the potential benefits of this stock. I have made my money out of them already and the shares I hold are pure profit, so I have nothing to lose. The logic in holding these shares is not necessarily there.
Many penny dreadfuls do dissapear, never to be seen again, but a certain percentage live through the hard times and eventualy become green chip if not blue chip shares.
In attending the meeting I wanted to find out once and for all, do I dump the lot and move on, or is the potential still there. From the answers received I am still holding, and if it goes out the back door, so be it, but if it succeeds?

To clarify my comments, the chairman did not have a prepared speech at the meeting, but answered a series of questions from attendeees, on any subject pertaining to the running of the company. Ther're may have been up to 20 or 25 questions which he expanded on, and without giving any insider information away, was able to broadly relate where the company was heading.

Regards Kooka.

Re: MUL - Where to from here?

I agree you don't need to justify to me why you still hold them but you do need to justify to yourself why you hold them. You need to understand everything you do so that you become a good investor.

I know where you are coming from. Occasionly, I hold a few shares of companies that I have basically sold out of just to ensure I get the annual report and to ensure my interest is maintained so that I am ready to jump in when circumstances change. Metalstorm is a present example.

This company is interesting, if the Chairman wishes come true there could be a substantial rerating coming up. I note at present however the price is still drifting down.

Re: MUL - Where to from here?

A chart of MUL, helps me keep track whenever I glance through this thread.
Does anyone know what the all time low for this stock is? Appears to be below 1c, some years since it was that low but the trend suggests it's heading there.

Re: MUL - Where to from here?

Wow Kooka, I am impressed that you have made a profit on a stock in such a downward trend , just imagine what you could do in an upward trend .

Well there you go folks, this thread was not a waste as someone has made money!!!!

Re: MUL - Where to from here?

This is such a reassuring thread! Whenever I wonder if I could have done it better, I check this thread out! Rich, AWL usually trades at $0.02. A few months ago when their board was mostly red (all stocks across the board had gone down), AWL went to $0.03. It was reported on the news that night that AWL was the bigger winner with an increase of 50% (no prices were mentioned). You never know, MUL might do the same one day!

Re: MUL - Where to from here?

I understand that MUL makes some money, but when are they likely to turn cash positive?

Re: MUL - Where to from here?

well if we knew that we would know when to buy them wouldn't we?

MULTIEMEDIA LIMITED (MUL)

look at MUL its going $$$$$$$$$$$$$$$$ mul

Re: MULTIEMEDIA LIMITED (MUL)

spiros1 said:

look at MUL its going $$$$$$$$$$$$$$$$ mul

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Good try Spiros but some of us have had the MUL thing before, it is a howler, and you know it.You obviously hold and you have my sympathy.Good luck, you will need lots of it.

Re: MULTIEMEDIA LIMITED (MUL)

spiros1 said:

look at MUL its going $$$$$$$$$$$$$$$$ mul

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Spiros,
Please read the forum code of conduct, the link is at the foot of this page. This may be your last post on asf if you try to ramp. Try hotcopper instead.

RichKid
moderator

Re: MUL - Where to from here?

Blitzed said:

Wow Kooka, I am impressed that you have made a profit on a stock in such a downward trend , just imagine what you could do in an upward trend .

Well there you go folks, this thread was not a waste as someone has made money!!!!

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Well what can I say, the stock is up 33% since I posted last. Where are all the cynical and negative comments now? I reported honestly what happened at the meeting in June, the predictions I made came from the chairmans mouth and now the company is reconfirming them to the stockmarket.
This was not insider trading, I merely attended the meeting scheduled, and asked some very pertinent questions in regards to the running of the company and got answers. Hopefully some of you took note of the chairmans comments and are now counting your money! So Blitzed, just imagine what you could have done in this upward trend!!!!!

Regards Kooka.

Re: MUL - Where to from here?

Now up 70% from last week, time to make some money!!! Reards Kooka.

Re: MUL - Where to from here?

Anthony Hosemans said:

Hopefully some of you took note of the chairmans comments and are now counting your money! So Blitzed, just imagine what you could have done in this upward trend!!!!!

Regards Kooka.

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Anthony,

So you think a 2 day price spike is an uptrend ?.

Just hold your horses before ramping it too much, let's see what happens this week.A lot of people are still in from the early days at much higher prices who will be bailing.Plus the negative impact that day traders will have on the stock.Hope it goes for you.I wouldn't touch them with a barge pole.Management have a habit of telling big fat porkies.:behead: