eng defying market, page-9

malmanu

Your last post was a wonderful contribution to the thread - why bother if you don't have something worthwhile to say?
Still waiting to get on this stock??

You are now on ignore

Subject has it run too hard
Stock Code ENG - ENGIN LIMITED
Posted 05/05/06 12:11 - 89 reads
Posted by malmanu
IP 218.215.xxx.xxx
Post #1044562 - in reply to msg. #1044439 - splitview


Eng has a product which will be or is offered by many providers, it has no real advantage or product others cant offer.
Eng market cap is 106m. to justify this price ebitda would have to be 10-15 million positive and not negative as it is now.
I am not saying growth isnt strong but the price has run a bit hard. Capital raising in mid january at 14 cents is proberably an indicator of what it was worth then. I think its true value at this stage is around the 28cent level.
how many subscribers will Eng have to provide for to justify 106m market cap. i think 150,000 customers.

This is my view only and not meant to offend , yes i want it to come down so i can buy