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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eu Supply Plc | EUSP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 18.05 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 18.05 | 18.05 |
| Top Posts |
|---|
Posted at 02/7/2019 15:14 by rivaldo Good - all recommended and smooth. Now to wait for the dosh to come in.... |
Posted at 27/5/2019 09:17 by slicethepie I will take a look at lid as I am a big fan of this type of business. Once you are embedded into companies infrastructure you can then target other areas, these are typically at nearly 100% margin. That is exactly what eusp had just started with their product aimed at the 500000 suppliers and had managed to do £600k of RECURRING revenue in just 5 weeks, I suspect this is now beyond a £1m and Thomas sold out despite all the support he had received over many years ......total stitch up. |
Posted at 26/5/2019 12:34 by slicethepie Eusp ticked all those boxes, it is really disappointing that so-called investors like Giles Hargreaves rolled over to this ludicrously cheap bid. As with katie Potts I can only assume some junior signed the irrevocable. It's no wonder we have no big tech companies in the uk if we let great businesses like this go to overseas bidders! |
Posted at 13/5/2019 08:33 by rivaldo Since Mercell's offer has 47% irrevocable acceptances it's unlikely imo there'll be a successful counter-offer.I agree that the acquiror is getting this pretty cheaply given where EUSP could be in a year or two. But given the necessity for investment to enable growth and fulfilment of potential I can also see why the offer has been accepted. |
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 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 10:43 by rivaldo The really interesting part of today's results is the growth from H1 to H2, masked by the overall results.EUSP made a £451k PBT in H2, compared to a £91k loss in H1. Operating profit was up to £600k in H2, compared to just £48k in H1. If you completely exclude other operating income (grants), operating profit was £442k in H2 compared to just £17k in H1. I don't remember EUSP saying there's any particular seasonality to the business (happy to be corrected). Annualised, the H2 results would equate to a £0.9m PBT this year, without any growth at all (or a £600k PBT this year excluding any grant income). With around £1m cash in the bank and high recurring income, and compared to many companies on m/caps of £50m-£10 |
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 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." |
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