Mmmmmm. Earlier I forecast the same Rev of $20M but expected a loss of about $3M. Looks a little worse on the loss this time about $7M compared to FY08 of $12M.
Cash is down to $4.3M and debt is up to $4.3M.
So.... early conclusions, ENG is not growing. Expenses are not under control. The chairmans address/prediction of 12 mths ago of breaking even in FY09 are 50% out of whack.
I think this report might slow down the SP growth. Pity, I was looking forward to a VOIP sector growth led by Engin. I guess we will just have to wait a year or 2 for MNF to overtake them in revenue and show them how to grow this sector, lol.
MNF financials due in the next few days should show up to $11M rev with profit in FY09, about $1M+ cash and around $2M debt I suspect. Looks a lot better than ENG and just 3 years of trading compared to ENG 9 years of losses.
- Forums
- ASX - By Stock
- ENG
- Ann: Preliminary Final Report
Ann: Preliminary Final Report , page-2
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ENG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online