ENG 0.00% 89.0¢ engin limited

consolidation

  1. 1,214 Posts.
    hang in there. This share more than doubled from 7c to 15c in about a fortnight starting 27/10/05. Surely it is reasonable for it to retrace a few cents and consolidate especially in the absence of news. This is the same company that it was 3 weeks ago except it probably has about 5000 extra PAYING customers. (unlike many of its peers)
    I think the reason it has not continued its run was the flagging of future capital raising in the cHarimans address on 29/11. This always scares investors. Just wait for the customer numbers for dec. They will have to be a record leading up to Xmas.
    If you're comparing to FRE also just note that FRE fell 9c in Nov from 36c to 27c. FRE is just playing catchup atm which I'm (fairly) sure ENG will do shortly. Have a look at the 6 month graph - its not bad.
 
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