ENG 0.00% 89.0¢ engin limited

mr macrae12, page-3

  1. 56,671 Posts.
    lightbulb Created with Sketch. 268
    Arpeggio

    I would think twice that you are acting on behalf of ENG holders but yes I will reply. LOL

    Everyone has a right to post their own views hence the voluntary disclosure buttons below. My views are backed up by, amongst other things, industry commentary and articles published within the public domain.

    I find the VOIP industry fascinating but consider ENG to be a short term sell for the many reasons I have stated. All the pro VOIP articles have been posted.

    As to tomorrow, I have no suggestions or advice but remember that opinions which may be different to yours can be as important to the decision maker as the ones that clearly agree with you - what does matter is when posters state that a share will fall or increase based on no logical reason.

    HC is sometimes a brilliant time saving tool for sharing information but can also be a humerous distraction to the day's events.

    In the long term, you will do well but SPs do not go up forever. Blind freddy would have told you she overshot yesterday as clearly a $100,000,000 market cap was just silly for a new company with 24,000 VOIP subscribers. It is a low margin business and the market mass may be too small without a signficant growth strategy. With an aim to both expand to a capbility fo 250,000 subscribers and venture into NZ, they can grow, however, they will need too. Without signficant growth, ENG will crumble and die as what has been learnt is that the minute time and again corresponding margins are very small.

    Best of luck and chill.



 
watchlist Created with Sketch. Add ENG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.