I was very keen to buy into Eng but I was shocked to see their balance sheet DYOR, I thought by this stage they would have been close to making a profit.
We have been using Engin at work for around 2 years for our interstate calls, they really do save you money considering that each call costs 10cents untimed to most land lines in Aust.
At home I have been using Mynetfone only because they have a plan that you doesn't charge a monthly fee, the MNF balance sheet isn't much better either.
I think Engin should also introduce a plan that has no monthly fee so they can start winning a lot more customers.
I think these would be a great long term investment as Voip becomes the standard.
ENG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held