...Just wanted to add to your figures: ENG current pay their tech call staff a very....very low figure of under 33k and no lower than 30k. So without getting anyone into trouble, use that to add to your figures.
Also, add that they currently have around 20 call center staff and just added another 8 or so in the last few days. Take away their wages on your balance sheets.
The team leaders are presumably earning another 45 - 60k each. This company is known for paying fairly bad wages on comparison with industry averages. The guys on the top level of the board make the real biccy's and yes, own a good portion of the shares - just look at the top 20 list and see how the frenchs forest address listed investors are the directors/board members.
However, ABC news have filmed a special on engin about 2 weeks ago and it's going to air soon..now...early mail says that this will be a lenghty discussion regarding the VOIP industry, focusing on FRE a little...and more so on ENG. Now, if ABC start talking about ENG's plans to expand overseas, this will create a 'classical market sentiment play' and the shares will see an easy 20 - 30% gain after the airing of the show the next day,as people jump on what is surely going to make ENG seem 'sympathetic' in the plight against telstra.
Do not underestimate the power of ABC news reports. Many of the talkback radio stations will use the report and gear their lines to be opened up for customer debate and this will push the ENG name more and more into the marketplace.
The retrace should be over by tommorrow afternoon.
'Ain't no monkey business like this business.'
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