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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Escher Grp | LSE:ESCH | London | Ordinary Share | IE00B6SKRB38 | ORD EUR0.005 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 189.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 177.00 | 202.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 189.50 | GBX |
Escher Grp (ESCH) Share Charts1 Year Escher Grp Chart |
|
1 Month Escher Grp Chart |
Intraday Escher Grp Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/3/2018 | 20:44 | ESCHER Group - Going postal.... | 434 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 08/2/2018 08:21 by the ghost who walks Extremely opportunistic from Hannover. Very low price. Unattractive. |
Posted at 04/12/2017 20:16 by the ghost who walks Seems long lead time for sales, But doubt fundamentals have changed much. Massive share price move off virtually no volume. |
Posted at 16/8/2017 17:09 by the ghost who walks Why did Escher update share voting right numbers? |
Posted at 23/5/2017 16:25 by edwardt indeed, they have a rich history of sorting out troubled assets. guess they are likely to take this one private given its size. lets see but I for one would like this taken off my hands (for a decent price).... |
Posted at 13/3/2017 11:31 by the ghost who walks Why the share price down |
Posted at 03/6/2016 16:47 by wexboy 2016 – The Great Irish Share Valuation Project (Part II):Company: Escher Group Holdings (ESCH:LN) Last TGISVP Post: Here Market Cap: GBP 31 M Price: GBP 167.5p Oh dear, yet another offensive write-up of mine: With ESCH at 330p per share (having peaked at 395p per share a couple of months earlier), I set a price target of 119p per share! Yup, we have plenty of special snowflakes out there who thought they were the chosen ones to discover what was surely an incredible high margin recurring revenue machine… Maybe so – except I came along & reminded them if doesn’t quack like a duck & it doesn’t look like a duck, it may not be a duck….which they didna’ like at all. And two years later, I’m sure they don’t like the fact I was bloody correct! But eventually you wake up and recognise the timeline & figures just don’t match the story – hence, the relentless decline in the ESCH share price over the last two years. There’s been a blizzard of contract signings reported, included some new areas of business (like e-government & mobile rewards/payments), but little visible sign of them since. The only obvious positive to report is the increasing level of contracted & recurring revenue, which should reach 50% of total revenue in 2016. That’s great, but unfortunately I predicted a side-effect: ‘One way or the other, the transition will likely present another revenue growth challenge’. And consequently…r Cash flow looks better, but that’s due to a substantial swing in working capital – in reality, free cash flow in the last two years was zero. Which means we’re still a long long way from the historic 31% operating margins Escher clocked in the past. Again, we’ll split the difference between FCF & peak operating margins – which suggests a 1.5 P/S multiple is still appropriate, with no adjustments necessary for cash/debt (net debt’s actually $2.7 million): USD 22.0 M Rev * 1.5 P/S / 1.4623 GBP/USD / 18.7 M shares = GBP 121p Escher remains fairly over-valued. Unless we see a decisive inflection point in the numbers, the shares will keep grinding lower as disappointed shareholders bail. But last week’s announcement was interesting – Stephen McLeod will be appointed a Senior Independent Director. Regular readers here will recognise him as the former CEO of Universe Group (UNG:LN), which was previously a big favourite & winner for me. In fact, if the CEO Liam Church didn’t own 12% of Escher, I’d wager McLeod was being lined up for an executive post…but even his contribution as a director could prove valuable here. Price Target: GBP 121p Upside/(Downside): (28)% For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog. |
Posted at 17/5/2016 13:11 by thomasthetank1 Read Panmure Gordon & Co's note on ESCHER GROUP HOLDINGS PLC (ESCH), out this morning, by visiting hxxps://www.research"Whilst we leave our FY2016E estimates unchanged we are very encouraged that Escher has de-risked its FY outlook in the wake of signing the Vietnam Post contract. The contract further consolidates Escher’s position as the leader and ‘one to beat’ in the global Postal Authority market – its market share racks up with now the 36th country signature. The contract value appears to be significantly larger than we had expected and involves multiple revenue streams (licence, maintenance subscription and professional services). Also; ..." |
Posted at 13/5/2016 12:32 by thomasthetank1 Read Panmure Gordon & Co's note on ESCHER GROUP HOLDINGS PLC (ESCH), out this morning, by visiting hxxps://www.research"The new contract with Vietnam Post shows Escher further consolidate its position as the leader and ‘one to beat’ in the global Postal Authority market. While the contract value was not disclosed, usual in this industry, the deal is likely to be multi-year and involve a number of revenue streams spanning license, maintenance subscription and professional services. We note that the announcement suggests that there is an upsell opportunity. The contract was also likely to have been a competitive win, so Escher again demonstrate..." |
Posted at 09/5/2016 13:13 by thomasthetank1 Read Panmure Gordon & Co's note on ESCHER GROUP HOLDINGS PLC (ESCH), out this morning, by visiting hxxps://www.research"News of the new loyalty pilot platform at Saudi Post is an excellent 'upsell' for Escher. It also dovetails into our view that Escher has developed a portfolio of software and services which migrate Postal Authorities from the analogue to digital worlds. We like ‘loyalty’ |
Posted at 10/6/2014 21:23 by aishah I'm slightly amazed to see ESCH shareholders still keeping the faith in fact, they've pushed the share price higher (though it's backed off from a March high of 395p). But with 42% of Escher owned by management, and another 40% in the hands of its three main institutional investors, the share price isn't necessarily that representative of underlying intrinsic value anyway. The company's 2013 performance definitely struck a bum note vs. the high growth/high margin story shareholders bought into so enthusiastically. Revenues only increased 8% to USD 24.7 million, putting ESCH on a 4.2 Price/Sales multiple!That looks pretty rich when its operating free cash flow margin's averaged just 6.8% in the past two years, while free cash flow was negligible. Even more so, when you ponder its revenue composition: A whopping 50% of Escher's revenue comes from its top 2 customers, plus software development & consulting's actually been the key revenue growth driver in the past 2 years (and is now almost 50% of total revenue). Now, we can obviously expect a migration from consulting revenue to recurring contract revenue, but how much & when are crucial questions. One way or the other, the transition will likely present another revenue growth challenge. [However, I'm encouraged by promising signs of diversification into e-government, and mobile loyalty, reward & payment - though I suspect these are small revenue streams for the moment. Revenue of USD 6 M deferred into H1-2014 is encouraging too - but doesn't necessarily guarantee a blockbuster year]. Historically, Escher has managed to clock up 30%+ operating margins which intuitively makes sense for this kind of business unfortunately, those margins are likely to remain out of reach in the near/medium-term. Right now, for valuation purposes, let's bridge the gap by assuming ESCH can re-attain half those margins and I mean on a cash flow basis which deserves a 1.5 Price/Sales multiple. With cash & debt broadly similar, and free cash flow roughly neutral, we can ignore any potential cash/debt adjustments: USD 24.7 M Revenue * 1.5 P/S / 1.6719 GBP/USD / 18.7 M shares = GBP 119p Escher remains substantially over-valued. While a share price of 330p might reflect the future outlook for ESCH, it certainly doesn't appear to adequately reflect the gap (& the risks) between today's financials & that potential future... Time will tell investors may simply prefer to keep focusing on a diet of fresh contracts/news flow, rather than profits. Price Target: GBP 119p Upside/(Downside): (64)% |
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