||EPS - Basic
||Market Cap (m)
They obviously have a plan, I'm not disputing that I said in my last post they will make an acquisition but you need to understand the mechanics behind the deal.
The acquisition needs to be made before Jan 20th or suspended till June 2016 at the latest.
They done a placing 30% below last Fridays closing price @ 1.2p.
The rampers were shouting there was a premium placing of 400% which was a blatant lie and fraudulant.
The share price rose 140% and at that point was valuing £5 mill cash at £22 mill cash:
£5 mill cash after fees and expenditure will not be £5 mill there needs to be working capital etc so the acquisition when ever it comes will be for a lot less than the funds raised unless the raise even more funds @ 1.2p which they did state in the RNS.
The market cap for this company right now is listing price.
The market cap for this company when the shares are created in approx £5 to £6 mill which is = to a share price of 1.2p to 1.3p approx
The bottom line is this.
410 million new shares have been created @ 1.2p and they shares have not hit the market yet. As of now, the comapny has no cash untill they shares are created. It's at this point that the share price will look a lot different.
By all means buy them at this price, but you will be kicking yourself in 4 weeks time when they are sub penny or there abouts because the closer this gets to the 20th of Jan the more this will capitulate because no deal concluded means cash locked in till one is done and it could be that way for up to 6 months.|
|yidscmartist: 440 mill x 1.25 = £5.5 mill cash.
= a Mcap Of £6 mill come the 24th of December
= a share price of 1.25p valued at cash
Not derapming but facts.
It will fall with a thud when liquidity issue is resolved with 410 million new shares, it's not rocket science.
It's rising on buys of 13k what will 13k do when there is 440 mill in cirulation?
The placing was done at a discount.
True value is 1.2p|
|welshsam: I see the crash back to reality is well under way here.Why do people always fall for these scammers they are not hard to spot.Its the same people over and over again on here and on Twitter and on Lse.
They usually have several pumps on the go and move from one to another depending on how the wind blows.Soon as people started posting the truth about this company and its value they dumped.Their silence is now deafening.
This may or may not turn out to become a good company but that has all to be proved.With £5 million which they dont even have yet and 437mill shares in issue as a cash shell it is worth 1.14p Then as I said earlier you can be generous and add in some value for the listing and some value for the people involved and their potential to get this creating some real value.Which will take years by the way.
So it would be fair and generous to give this a share price of around 1.5p to maybe 1.75p at the top end.
The scammers were quoting 17.5p per share as true value and only 28.77m shares in issue and £5m in cash which as we know is an outright lie.And they know this too but tweeted it all the same and re tweeted it amongst the group.
Right now they have zero cash and 28.77m shares in issue.
Not until lated Dec early Jan will it get if passed the £5m along with the dilution of 409 million new shares.
Then and then only will it be reasonable to say its shares are worth 1.5p.|
|bozzy_s: RTO / placing at 1.22p per share. Market opens unchanged at 1.875p (surprised it didn't drop towards placing price). Then a bit of interest and it's more than doubled.
To me it seems a pretty clear recapitilisation at 1.22p per share, to facilitate the RTO and provide funds for the new majority owners to buy investments of their choosing. They also get an annual fee, and bonuses based on the value of any such investment (not based on how good the investment is / how profitable it is / how much of a discount they negotiate to buy a stake).
What have buyers spotted that I've missed?
I'd say this is a dead cert to drop to the placing price. Right now £5m of cash is valued at about £17m in the share price.|
|cockneyrebel: These are risky and I do get things wrong like anyone else sadly.
I bought these for a bid or corporate action that looked like it could multiply the current share price and that's the only reason really. Yesterday's news was what I've been waiting to see and further above I did say I thought things would happen before year end. Will be interesting to see.
AIM, high risk, illiquid but the D.Mail piece adds a bit of info there which looks good imo.
Don't hold more than you can afford to lose imo.
All imo/dyor etc
|opaldouglas: Share placing has taken place at 1.5p, although this at a discount to current share price new & current investors have obviously been happy to stump up the cash which certainly bodes well for the future and should draw a line under the current share price. Additionally ECV has been short of cash for some time so this should provide some much needed rest bite!
Peter DaCosta is to assume a non executive director role - looks like he will be responsible for sourcing and assessing new opportunities, no doubt this will go hand in hand with the companies next phase of development.|
|m.t.glass: Comments previously reported on the Manganese Bronze thread (MNGS) appear to indicate that MB's black cabs are losing market share, some of it presumably to Eco. MNGS's share price remains in longterm decline.|
It's a free signup, and there are quite a few other smaller companies they cover - worthwhile taking a couple of minutes to do. Only downside is that their 'research' is paid for by the client, so may be biased.
This is the summary (strangely at the start of the article).
"Based on SMMT data, from a standing start in July 2008 to November 2009 Eco
City Vehicles (ECV) has captured 18% of the national market share with its Mercedes Vito Taxi. The key to this investment story lies in ECV's relationship with Mercedes.
Short-term, management's success depends on gaining further market share.
Longer-term, it has the backing of Mercedes in its attempts to develop both hybrid and sole electric vehicles. We believe the potential for the Vito taxi is significant and likely to drive the share price in the short term. In London, the mayor's recently announced environmental standards suggest that the normal 14-year replacement cycle for London taxis may be compressed. There are further upsides from regional and European sales of the Vito, starting with Germany."
They have a target of 500 Vito sales for 2010, Gross profit of £4.18m and Operating profit of £457k. Breakeven is 350 units.
56% of 2009 (estimated) revenue is from new car sales plus 18% aftersales, 11% parts & Accessories, 15% trade and second hand sales.|
|skinny: Statement Re Share Price Movement
RNS Number : 2972U
Eco City Vehicles PLC
13 May 2008
Eco City Vehicles Plc (the "Company")
The Company confirms that it is in negotiations that may or may not lead to a significant
commercial contract. A further announcement
will be made to the market at the appropriate time.|
Eco City share price data is direct from the London Stock Exchange