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EVT Eurovestech

6.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Eurovestech EVT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 6.75 00:00:00
Open Price Low Price High Price Close Price Previous Close
6.75 6.75
more quote information »

Eurovestech EVT Dividends History

No dividends issued between 29 Mar 2014 and 29 Mar 2024

Top Dividend Posts

Top Posts
Posted at 19/7/2022 09:26 by ukms
I have just found a lost EVT share certificate from 2000 era with a holding of 2010 EVT shares.

Can anyone tell me whether over the years these have been diluted and what the holding is now?

Many thanks
M
Posted at 15/8/2014 13:16 by praipus
Seen KLBT holding RNS? EVT reducing from over 20% to 11.48%


Cash back perhaps?
Posted at 10/7/2014 17:53 by kenmitch
Praipus.

Holding EVT in a nominee account shouldn't be a problem if you want to sell. BUT sales are on a matched bargain basis. When I last checked the shares had been traded at 7p which is way below what I think the price would be now if EVT was still on AIM.

There has been a lot of good news including the successful Kalibrate IPO, and that one actually featured as THE main buy in the March edition of Small Company Share Watch. (If you know nothing about SCSW, their portfolio has risen 13 fold from £50000 in 2001 to £674,000 to early June. Over the same period the FTSE100 has risen 20% and the FTSE All Share 36%.

In addition to Kalibrate there has been other good news including recently from old favourite Toluna. Details are on their website.

So though it is a real pain that the shares are no longer on AIM, if you can afford to do so, why not continue to hold, and hope for further good news, rather than sell at around half NAV?. EVT has loads of cash too and might return some of it to shareholders.

Also another IPO for one of their investee companies is on the cards.
Posted at 11/3/2014 20:49 by kenmitch
Yes, decent profits. But weren't they making £1 million a good while ago? That was for the combined KSS it's true and before the retail side was sold.

The rating is high, but then so it was for Toluna when Toluna was quoted, so maybe there is more upside to come.

I still wish EVT were on AIM. It might well be best for them to be off it, but its not so good for their loyal long term investors.
Posted at 05/12/2013 10:32 by kenmitch
Many thanks for that information. Hadn't thought of the obvious and Googling, because I had assumed the management changes would have appeared as a news item on the EVT website. Interesting that they didn't.........unless I've missed that too.

This is my first experience trying to keep tabs on a non quoted company.Wondering whether it is worth the hassle.

8p is better than 7p but IF NAV really is around 16p and bearing in mind the extra £5 million they got from the KALIBRATE IPO, then even if Toluna is written down, the share looks too cheap. Will give it a bit longer unless anyone spots any news to suggest that is not a good idea. Or preferably new good news on Toluna or maxifier.
Posted at 04/12/2013 09:53 by horndean eagle
If you tap in maxifier into google alerts you can see management changes. Given they have gone through a couple of changes I would guess that's down to things not working out. EVT is all really about Toluna. Ive had a look at companies house to see how its performing but its a bit tricky trying to gauge how its going. My own view is I doubt there will be an uplift and more likely than not a write down given the valuation it went off market at was quite punchy. Its trading at 8 on jp jenkins btw
Posted at 03/12/2013 19:06 by kenmitch
Very interesting Horndean Eagle. I now find it difficult to find such information. Since EVT left AIM I've tended to base whether or not EVT is still worth holding on news from EVT themselves and also comment from Simon Thompson, Investors Chronicle Companies Editor. He is generally very good at spotting undervalued shares and reckons, with NAV at around 16p, that EVT is seriously undervalued. But I accept that's not a good way to decide whether an investment is worth holding or buying.

You say the portfolio "doesn't look in great shape." Are you able to say how you know that ,and if information in the public domain, where to find it? Obviously if you are right, then Maxifier is unlikely to join Kalibrate on AIM fairly soon. So then EVT investors are reliant on Kalibrate doing well (perhaps helped by a tipsheet like SCSW or Techinvest covering the Company) but after that by substantial increase in profits thanks to new investment,and also Toluna for any chance of being able to sell the shares much above the current price.... 7p I think.
Posted at 03/12/2013 16:29 by kenmitch
Hope it pays off eventually etarp. I wish EVT hadn't left AIM because with the recent Kalibrate IPO the share would surely now be worth a lot more than 7p. It is crazily undervalued but who wants to buy a share not listed and so difficult to sell?
Posted at 29/11/2013 09:50 by kenmitch
In case anyone is still here. Kalibrate (KLBT) started trading today. Price 90p to buy.

Also very positive article from Simon Thompson on EVT in Investors Chronicle.
Posted at 10/4/2012 20:08 by kenmitch
As I guessed would happen, the share price has done nothing (gone down in fact) since the flurry of posts here following the Investors Chronicle article.

Recent results passed without comment as did the positive write up in Investors Chronicle.

I've posted the following on Mike Walters website.


"I posted about Eurovestech for years but then gave up because also for years the share price has done nothing despite EVT hardly putting a foot wrong. That still applies with the share price now down to 9.5p to buy and at a big discount to current NAV of 16.6p.

Until the share price starts to wake up it is probably safe to watch and wait, though I added more following Simon Thompson (Investors Chronicle Companies Editor)including EVT in his bargain shares list in February.

Eurovestech issued their results on 29th March.

ADVFN competitor.com/action/news/showArticle?id=4338323

There are so many positives and so much potential that I can't resist posting some of the details.

Before a few facts and figures let's start at the end with the important "Prospects" paragraph as that really caught the eye!

Comment there included this huge plus with markets and economic news so iffy.... "EVT is largely unaffected by different economic conditions. Our individual Companies serve specific needs, and are unaffected by gross economic measures... the markets our portfolio of companies serve in are in RUDE HEALTH (my capitals). We view the future in a fashion that is tinged with reality, but in a manner that brims with confidence."

WOW!

So what evidence is there in the results to back this up?

1. Initially not the profits, since they moved from profits of £0.6 million last time to a loss of £2.2 million this time. BUT profits are volatile and EVT explained why years ago. Companies like this are best judged on their NAV. Anyway the reason for the loss was that this time there were no disposal profits and there were exceptional charges at otherwise very successful KSS because KSS bought a close rival.

2. NAV was actually up 4% over the 6 months.

3. 4p in cash was returned in October last year to add to the 2.18p returned in 2010. They floated at 5p so have now returned more than that in cash. And some of us bought the shares as low as 1.75p.

4. TOLUNA - now ITW Acquisitions Ltd, and now a private company is still doing well for EVT. EVT originally staked £2 million. They have already banked a £40 million profit for a 20 bagger and still own 10%, and £12.2 million of loan notes. Investors Chronicle covered their results last week, concluding "BUY." I/C point out that in two months these loan notes mature, meaning Eurovestech either get £12.2 million more cash, or their stake in very successful Toluna will increase from 10 to 16%. Eurovestech say they are "confident about Toluna's continuing growth prospects."

5. Revenues from their other star company KSS Fuels rose to £7.1 million and are forecast to rise to £12.8 million to year ending in June 2012. And integrating the KSS acquisition should bring annual cost savings around £1.2 million.

Indeed KSS Fuels is thriving. KSS has won new contracts since the year end and EVBT have now increased the carrying value of KSS Fuels to £13 million from £9.5 million.

KSS is 100% owned by EVT.

EVT also have large stakes in 4 other companies.

1. AUDIONAMIX. Sound Separation Technologies. EVT owns 45.5%.

Revenues grew rapidly in 2011 but EVT say its advances are modest relative to potential. Accordingly AUDIONAMIX is targeting further substantial growth.

2. MAXIFIER. On line advertising technology solution - increased the effectiveness of adverts. EVT owns 49.9%.

Maxifier won a number of new contracts and "several significant contract wins in recent weeks."

But further funding will be needed and EVT will be joining in.

"Maxifier's success and technological strength is becoming widely recognised" EVT claim.

3. LOGNET INFORMATION SYSTEMS. Billing and ebilling solutions. EVT owns 26.5%. Promising and profitable.

4. MAGENTA. Real time dynamic software scheduling in the transportation industry. EVT owns 49.6%

Profits of £381,000 and generating enough cash to fund its growth.

According to the Investors Chronicle update, two of EVT's investments may float.. They also say that there seem to be a number of investors keen to buy in to Maxifier. And I/C comment on the recent deal between EVT and Cenkos where for £900,000 Cenkos has agreed to pay EVT a proportion of any commission earned from clients introduced by EVT. Cenkos will also provide discounted commission rates on funds raised for EVT and its investee and associated companies.

Also worth mentioning is that Richard Bernstein EVT C/E is still encouraging other Companies to follow EVT in donating shares to charities.They have recently issues another 1,100,000 to several very worthwhile charities with listing costs of £11,000 funded by Richard Bernstein, and since floating have gifted shares worth more than £2 million to over 100 charities.

So though for ages the share price has done nothing, there is plenty to suggest that before too much longer that will change. I've held the shares for years and one big plus point is that even in the worst of market falls the share price holds steady, as it does unfortunately when many other shares are going up!BUT this is a share that won't give any sleepless nights and that has a lot of upside potential in time."

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