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Well i had to take a hiatus... but i'm still with this stock..

good to see some others following this stock, slowly every so slowly its gaining attention.

Hi tex, mr. spec, adamfly and others..

just to play the devil's advocate, one of the problems with this stock i see is difficulty in understanding why people are not reacting to the way i thought it would have, obviously that's something i myself will ahve to learn also..

moreover, i think a PE of around 14 is all that or most that people will be willing to tolerate...

several issues i'd like to raise as discussion..

1. initially i thought from first quarter results when it jumped to 55 at the height (and of course it staggers and plateus down .. as per normal over time), but it seems the trading band is now around 40 to 45 (on good days), that by second quarter confidence in the company would be greater and they will continue to attract more investors and buying pressur eand hence a nother 10 cent add3ed to the price, ie. i would expect our trading range should be around 50 to 55 cents by now..

obviously several issues could be at hand here,people have gone conservative and PE of 14 is pretty much all that they will tolerate, despite 50% plus growth rates predicted in 07 and 08.

Hence this share price and lack of attention that EPY has not attracted is a problem for me.. i wonder if there is any company on the asx small co. that has made 277% increase .. yet did not even rate a mention in any newspapers in Australia!!

2. although we are excited about they entering China, i see 07 as a period of consolidation..consolidation in malaysia, pre paid petrol to kick in, but Pakistan with Ufone announcement and Indonesia will not add much, only Indonesia will add $350k as announced to the books for 06 and progressively more in 07'.

that is, its going to be hard yakka to find success, it will take two solid years before we may see success in China at its fastest (interesting other australian company is OCO, picking up heaps of contracts ... an aside).

anyway, point is, aside fromMalaysia, where is the growth going to come from, when they it seems on a practical level, they are biting more than they are chewing... they need to focus and control the market and make serious inroads as they have done in malaysia.. (remember the point is..its taken 5 years of Orion ooperating in malaysia for it to get to the stage its at).. so yes there is opportunity but it could take a while on the convservatie valuation people are giving it..

I would prefer simon and crew put more effort and make constructive announcements on how they are going to expand indoneisa (seriously do you really need to enter another country .. when you haven't even conquered the first 4 that you are in)... Indonesia has 200m and more people, again 90% using pre paid.. so dominating 60% of this market will contribute far more than what Malyaisa is providing for them (malaysia provides some 80% of revenue).. we are talking a lot of dough here.. Malaysia ppopulation fo 20m like oz, but about 17m mobile users.. Indonesia... 200m plus people !!! numbers are staggering.. why not concentrate on INdonesia..

3. who was the msyteri buyer who spent $1.7m and bought 4.2m stocks (cross trade ).. at 41 cents..

great to see some attention...

4. they mentioned a road show after the 2nd quarter cashflow.. but no announcemnt to this affect...

great to br back.. look forward to hearing from you guys...