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In reply to: macrae on Thursday 18/01/07 07:05pm

Have been buying this agressively and follows from a quick four bagger experience with ENGIN.


What do i like?


-Cheap on customer numbers compared to ENG,

-Excellent product write ups and reviews

-Higher spending by ENG due to new channell 7 deal will help MNF as their products are stocked in many of the same retailers

-Excellent business distribution networks setup and being and being continually enhanced

-From the cashflow statements there seems to be much lower operating costs than ENG have. Their signup rate is excellent for their marketing spend.

-Cash flow statements to follow means a close eye can be kept

-I currently estimate about 15 months away from profitability. A situation that should see many multiples of the current market cap

-Strong strategic value, A player like ENG or even another operator who has missed the kick could easily justify paying a price greater than the current share price for the customer base as they would provide fully incremental revenue (Iestimate around half a mil a month at the moment) to an already formed network with very small increases in costs and even some value from asset sales

-Solid management buying up shares and owning many

-Management keen to get their option plans in now, usually a sign they expect things to move quickly

-ADSL2+ takeup will be the catylyst of mass market VOIP usage in Australia. MNF is well positioned stratgically for organic growth or from the point of view of atakeover suitor.



Prob the neg is the lower revenue per customer than an ENG but that should grow and they now have a good business offering that may result in new customers.



Next catylsyt will be an update on customer numbers and I keenly await. If as good as I expect we will see a re-rating

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In reply to: macrae on Friday 02/02/07 01:53pm

woohoo http://www.sharescene.com/html/emoticons/biggrin.gif


the oppie order I placed a while back was just wishful thinking but someone filled it http://www.sharescene.com/html/emoticons/lmaosmiley.gif


and they don't expire until '09


as you can probably guage, I'm pretty damn happy

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In reply to: macrae on Friday 02/02/07 08:50pm

looks like enough saucers to make a dinner set http://www.sharescene.com/html/emoticons/biggrin.gif


I'm thinking today was just a prelude to bigger breakouts http://www.sharescene.com/html/emoticons/wub.gif

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No wonder it won the Money Magazine's Gold award for VOIP - it is $15.00 cheaper for business users when compared to its nearest competitor. ARPU via business use will make them break even sooner in 2007. Wireless Big Air & MNF have immense synergy. They smashed ther 20,000 subscriber target in late November.


Cheap - no wonder the directors want those incentive options and she has more than doubled in 6 weeks. I expect an update on numbers before any placement so may be a good trade for a few.


They have not had a raisiing since listing 9 months ago. http://www.sharescene.com/html/emoticons/smile.gif



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Boorne is a new director (ex director Netcomm):


He needs to exercise his 2 mill options at 20c in April for him to be alotted the 2mil options at 30c in September 2008.


Major news imminent. http://www.sharescene.com/html/emoticons/icon13.gif

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