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In reply to: JGK on Wednesday 28/03/07 09:10pm



I think I alluded to this in an earlier post.


There is a heap of competition out there.


I have two VOIP providers, MNF is one. and I have another. I use the other, mostly, because they are cheaper and just as good quality. There are many others.


Unless there is some business stuff going on that I don't know about, I can't imagine why anyone would think MNF is about to take off.


I have no complaints with MNF service, by the way, they are excellent. But the market is the market.


There have been a lot of telco type stocks (video etc etc) discussed here and talked up on spikes etc, but if you watchlist them (and I have over 8 months) believe me, the charts are a sorry sight.


I hope MNF is going places, but don't see any reason to buy.

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In reply to: Indoman on Wednesday 28/03/07 10:39pm


Like Indoman, I have two VoIP accounts, one with MNF and one with another provider. Typically there are no setup costs in the industry, so you can churn between providers easily (and quickly). Many of MNF plans have no monthly service fee.


While subscriber growth is impressive, I am a little worried how they are achieving this. There has been a lot of MNF $10 free activation cards flood the market with computer magazines such as APC.


MNF has also introduced a Whirlpool Saver for 'whirlpool enthusiasts' (http://forums.whirlpool.net.au/forum-replies.cfm?t=667823) that include things like a free DID (Incoming PSTN phone number). My understanding, DIDs cost MNF ongoing costs having to pay termination providers such as Verizon, so this reminds me a little off iinet who gave every internet subscriber a VoIP account and phone number, and then retracted many of them after their one month trading halt where there was found to be large inaccuracies in the books and they didn't really know where any of the money was going. . .


While you could argue that this is good/cheap way to spend your advertising dollar, you have to wonder how many genuine customers they are attracting or if everyone is just soaking up their free $10 and DID, and will churn to another provider when it dries up.


You could contrast this with another ASX listed peer/competitor who charges $10/mnt minimum and this means you have a better idea of actual active customers, although their Advertising spend is greater.





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Well, I am holding under current prices but in retrospect should have taken my options off the table at or near the peak. I suppose the change in substantial holding at 24.5/25/26 should have rung alarm bells. I hold heads as well and will shelve them. IMO, unfortunately a soph placement is on its way soon as IMO now the SP is being manufactured downwards to suit. I thought this may not have been the case. I think she will be above 25c again by September due to the director's options package so I'll sit tight now. Apparently, they are making inroads into the small business sector. We'll see what transpires. http://www.sharescene.com/html/emoticons/unsure.gif


Thanks for the feedback on fundamentals. http://www.sharescene.com/html/emoticons/blink.gif

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  • 1 year later...

In reply to: macrae on Thursday 29/03/07 01:02am

You guys still following MNF?

Some pretty good results out (profit) and client base growing exceptionally.

Move into SME/SOHO market with PABX.

Developing Naked DSL services.

MNFO options .25 excise due april 09.

$30k spent on the heads will put the options in the money.

Directors hold 82% of co.



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In reply to: gwydir on Friday 29/08/08 06:38pm

Hi gwydir,


$30k spent on the heads will put the options in the money.




Conversion of the options will potentially raise $8,885,914 for the company! http://www.sharescene.com/html/emoticons/lmaosmiley.gif


MNF recently announced a positive net operating cash flow for the quarter and expects revenues/profits to grow exponentially for the 08/09 financial year. Despite sitting on a paper loss (like most holders) with my MNF options I am extremely confident they will be in the money as the company has so much to gain from their conversion.... http://www.sharescene.com/html/emoticons/graduated.gif


52,555,555 Ordinary Shares (Top20 hold 82% of shares)

35,543,656 Options


Like many stocks on the ASX the current share price doesn't reflect the true value of the company- MNF is flying under the radar IMO... http://www.sharescene.com/html/emoticons/cool.gif






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  • 1 year later...

Waded back in with two initial small purchases in the mid 8's recently. Is anyone else still following?


My view is that blind freddy could see


1) The M+A opportunities for this business (as either buyer or seller - imagine the synergy with a merger with eng)

2) The cashflow growth over the next 36 months now that they have hit break even.


I believe they above justifies a price my larger than the current $4mil-$5mil market cap - potentially many multiples of that figure.

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  • ShareCafe Admin changed the title to SYM - SYMBIO HOLDINGS LIMITED

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