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EUSP Eu Supply Plc

18.05
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eu Supply Plc LSE:EUSP London Ordinary Share GB00BFG35570 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 18.05 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 18.05 GBX

Eu Supply (EUSP) Latest News

Real-Time news about Eu Supply Plc (London Stock Exchange): 0 recent articles

Eu Supply (EUSP) Discussions and Chat

Eu Supply Forums and Chat

Date Time Title Posts
02/7/201915:14EU Supply PLC - public procurement e-commerce281
04/6/200812:08P/E 3; M/C Ј3M; CASH Ј3M - EUROPE STEEL31
29/5/200819:40Time to slag off Europe Steel?4

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Eu Supply (EUSP) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Eu Supply (EUSP) Top Chat Posts

Top Posts
Posted at 13/5/2019 08:43 by slicethepie
They do not need investment, the platform is now generating massive sums ie £600k in the last 5 weeks. Thomas has been offered a juicy number in his new job at murcell and has rolled over. The share price weakness following the dumping of city financial stake has allowed this low ball offer. I am disgusted that ii s that put £600k into this at a premium 12 months ago have now given this away at a point of massive inflexion. Big celebrations in Norway! Another win for Europe
Posted at 10/5/2019 15:50 by rivaldo
Recommended offer at 18.25p :o))

That's a lovely quick - and sizeable - gain. But a shame in some ways, as long-term I'm sure EUSP could have achieved a far higher share price.

Short-term though they emphasise the need for investment, so as always on the markets there's a need to balance investment and profitability:
Posted at 01/5/2019 07:48 by hsduk101
Thanks rivaldo. Thats a hell of a buy at 4% im oretty sure this will raise a few eyebrows and no doubt spike the share price somewhat. Ive already bought on monday, so im alalong for the ride 😊
Posted at 29/4/2019 09:30 by rivaldo
Stockdale Securities have a Buy and a 25p target price per their latest 26th April 2019 note.

However, Stockdale have recently been bought by Shore Capital, so I doubt I'll now have access to their research, and anyway the change of ownership may prompt EUSP to change advisers. Which may be a good thing and give EUSP's marketing fresh impetus.
Posted at 26/4/2019 14:57 by rivaldo
It's a microcap, so that's pretty self-evident! EUSP as such is suitable for those with patience. And patience is key to multibaggers from small caps. Assuming the company continues to prosper then investors will be able to sell easily at key points after results and contract RNS's. As always, portfolio diversification and spreading of risk is key.

The borrowings are simply convertibles (at 10% interest). Essentially they're only redeemable by EUSP in another 18 months or so unless earlier at its option, or by the holders into shares at minimum 11.7p per share.

Given the prospects it's likely that holders will convert into shares, but probably not until the last minute given the interest they're receiving. As EUSP's £1m or so cash pile increases they may ponder whether to redeem some of the convertibles early and save on interest payable.
Posted at 26/4/2019 07:31 by rivaldo
Indeed - on first read the results are very good and the outlook even better.

A £7m m/cap for a company with a maiden £0.4m PBT, with more pretty odds-on this year plus very high recurring income, seems somewhat bizarre.

And cash must be well over £1m now judging by the significant receipts this year.

You could quibble that this year (unusually) £0.3m of R&D was capitalised, but this is perfectly legitimate, or that small grants are included in other income, which is also fine.

But this is obviously a company on the rise which has a chance of very serious share price gains from this very low base imho.
Posted at 16/4/2019 08:57 by rivaldo
Good to see a quality investor like MG saying on Sunday he's taken a position in EUSP representing 4.1% of his portfolio:



"6/n EUSP (4.1%) -Rebought end March 2019 up 0%. Feel the price at this level offers good risk/reward. For £6.7m mcap you have: possible inflection point? Profitable, sticky rev has been growing consistently 70% recurring, part of framework agreements. CEO founder holds sig amount"
Posted at 15/4/2019 11:14 by rivaldo
Ticking up today on a healthy 360,000 shares traded. Hopefully the City Financial overhang is cleared or nearly cleared.

The final results on 26th April should provide a healthy boost to sentiment and the share price given all the info we have.
Posted at 11/4/2019 13:31 by rivaldo
FYI, following the framework agreement award Stockdale Securities reiterated their Buy and 25p target.

They forecast 0.7p EPS this year and 1.2p EPS next year, and said:

"EU Supply (EUSP) has announced that it expects to release its FY2018 final
results on 26 April 2019. It has also reiterated that it expects to report a maiden
adj. PBT of £0.4m, as disclosed in the trading update on 8 February 2019. As
such the share price fall due to the movement of a significant stake yesterday
presents an excellent buying opportunity, in our view. We are encouraged that
the development of the company’s supplier side services is proceeding to plan
as these should increase recurring revenues in due course."
Posted at 13/2/2019 08:53 by rivaldo
From Stockdale's new note FYI:

"Maiden PBT for FY2018 above expectations

In its FY2018 trading update, EU Supply (EUSP) has announced that it expects to report adj. PBT of £0.4m vs the SSL forecast of £0.1m and a loss before tax of £0.2m in FY2017. The anticipated revenue of £5.1m was slightly below our £5.4m forecast and was up c.10% on the £4.7m reported for FY2017. Importantly, the recurring/repeat proportion of revenue was maintained at c.70%. The investment in the micro procurement solution is likely to increase recurring sales in due course. We retain our 25p DCF-derived TP and Buy rating.

FY2018 was a watershed year for EUSP as it is going to report its maiden PBT of £0.4m. Part of the reason for the overshoot was that there was £0.3m of capitalised development vs our forecast of £0.1m. However, even allowing for this the adj. PBT was still around double our forecast. This was despite revenues of £5.1m coming in below our £5.4m forecast. We are encouraged that the percentage of recurring/repeat revenue was increased to c.70% in FY2018 vs 66% in FY2017.

We highlighted both at the time of the fundraising in May 2018 and with the interim results in September 2018 that the micro procurement solution would not deliver any meaningful revenues until FY2020. As a consequence of maintaining our core revenue growth rate forecasts on the lower FY2018 sales base, we have reduced our sales forecasts to £5.6m (£6.0m) and £6.7m (£7.7m) for FY2019E and FY2020E respectively. However, partly because more of the additional development costs are being capitalised, we have increased our adj. PBT forecast for FY2019E to £0.5m (£0.1m) and only edged back the FY2020E forecast to £1.1m (£1.4m). As the vast majority of the micro procurement sales will be recurring, in our view, the quality of revenues will improve further in due course.

We have argued consistently over the last 24-30 months that EUSP’s share price should improve as there is greater confidence in its ability to become sustainably profitable. With the move into adj. PBT profitability confirmed today, we believe that this is now the case, yet the share price has underperformed the market over the last 12 months. Even with the tweaks to our FY2019 and FY2020 forecasts, we are happy to maintain our conservative DCF-derived target price of 25p and our Buy rating."
Eu Supply share price data is direct from the London Stock Exchange

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