hi ijudge, there is a logic to that price model but its too basic and relies on information ENG wont have for years. eg. the model revolves around that 50c high and the 50c mark was simply a random point in ENGs past. That model can (partially) be applied to established stocks that have already attained steady % of the overall telephony market. Fortunately or unfortunately ENG is a speculative stock in an emerging market so current figures dont mean much.
not much we can really do but predict whether ENG has stepped far enough into this market to get a good grip of future market %.
if I was to attempt at determining a sp. I'd be more inclined to take note of the sp issued to channel 7, assume such a deal only takes place at a heavy discount and that the actual deal would only take place if Channel 7 determined they would benefit.
if youre not a fan of the ENG board/CEO maybe a dwindling faith should be regained by the boards decision at SEVEN. up to you, Im just going to sit on these, Im sure they'll do fine.
ENG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
