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ENG, ENGIN LIMITED
ShareScene.com
post Posted: Aug 25 2011, 11:39 AM
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This company has been delisted following completion of the Company's return of capital and cancellation of all shares other than shares held by Network Investment Holdings Pty Limited on 08/08/2011.

Regards,
Share Scene Admin

 
rubba81
post Posted: Feb 27 2008, 03:55 PM
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share price gets worse by the day

 
YChromozome
post Posted: Dec 2 2007, 09:58 AM
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QUOTE (theking @ Sunday 02/12/07 06:51am)


Engin's strategic direction (Thanks to Seven) was a triple play solution based on its existing and mature VoIP platform, on TiVO which it has the rights to distribute in Australia and by selling Optus Naked DSL tails. They were burning a lot of cash bring on these new roll outs and at June 30th had 144 staff.

In the chairman's address he mentioned the Optus Naked DSL plans were on hold. This is confirmation of an earlier article from the AFR saying it had been scrapped. This article also mentioned they had let something like 30 staff go including Marketing chief Phil Dobbie who is on the books having earn't just over 100k last year. The Chairman did mentioned they have "undertaken a review to reduce cash burn".

As the Chairman has mentioned, the new direction is triple play with Unwired WiMax. Network ('Network Investment Holdings Pty Ltd') aka Channel 7 will know close of Business tomorrow if they have the 90% required to take over Unwired. Last week they were close at 86%. Channel 7 plan to pump $100s of million into Unwired to roll out WiMax to Australia as a distribution media for TiVo.

As Network will (looking optimistically) own Unwired, I doubt engin will need to burn much cash in this area. They will burn cash on TiVo, something Channel 7 is very interested in. Who cares about VoIP.

Engin has mentioned it needs to raise cash in Q1. Seven Digital Media (Investments) Pty Ltd already own 33% of Engin and Seven had no hesitation in taking over Unwired when WiMax fitted strategically into their plans. Why keep engin publically listed when they didn't bother with Unwired? Unwired was worth $132million, engin is just a drop in the ocean at $42million. Even cheaper if you slash staff, announce a requirement for more funds and pretend they are in big trouble. They also need to pump a lot more into Unwired to roll out a national network to support TiVo, they they do into Engin to get the rights to distribute TiVo.

I'll let you fill in the blanks.

 
theking
post Posted: Dec 2 2007, 06:51 AM
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RIGHT a new year low and the answer is in the Chairman's Address they need new equity [money] and lots of it for all the new roll outs planed and all new ground breaking stuff with risk so this is not the place for small players but if yer got time and money to stay this is for you but div`s are a long time OFF.. king.gif

 
rubba81
post Posted: Nov 30 2007, 04:49 PM
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its been disappointing watching the decline and closed at a new yearly low today.

 
theking
post Posted: Nov 12 2007, 10:48 AM
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WHAT would ENG do with the money [if any] when unwired goes.. icon14.gif

 


Ooops
post Posted: Oct 11 2007, 09:18 PM
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In reply to: Ooops on Thursday 11/10/07 10:15pm

fortunately enought ( yo know what I mean ) weirdsmiley.gif
I really shouldn't post when I am tired lol.

 
Ooops
post Posted: Oct 11 2007, 09:15 PM
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Well I'll be brave an say I entered ENG recently.

ENG is showing signs of life on the chart imo. If I was risk averse I would probably have waited 'till the price was a little higher with more volume but on the downside I don't see much at this point.
With Unwired and 7 and Nokia (read announcements) something could be in the wind.

I was fortunately enought to ride the last run of ENG and hope to do it again .

I am simply documenting this here so please do your own research. cool.gif



 
wolverine
post Posted: Apr 26 2007, 09:54 PM
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In reply to: Sam43 on Thursday 26/04/07 09:47pm

which part?



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
Sam43
post Posted: Apr 26 2007, 09:47 PM
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In reply to: wolverine on Thursday 26/04/07 09:28pm

PLease explain!



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Sam43
 
 


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