Eurovestech Share Discussion Threads

[etarip] 10/3/2014 08:12

Kalibrate up over 20% today

[praipus] 09/2/2014 21:59

Err yes there is:


EDIT your right this is for 2013....hmmm

[rj allen] 09/2/2014 18:19

No AGM notice on website as yet

[praipus] 07/2/2014 22:14

jag62 the website is uptodate:

[tanners] 07/2/2014 20:45

Jag - the price has slowly risen from around 6.75p to around 8p over the last year, so theoretically your shares are worth about 300 quid.

Of course in a matched bargain market you may find it tricky to sell a small quantity just as you would a very large amount, just depends who might be fishing around.

[jag 62] 03/2/2014 21:39

i am new to this i bought 4000 shares in 2000 put them away in my drawer got them out today for got all about what are they worth to day are they worth keeping

[kenmitch] 05/12/2013 10:32

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.

[horndean eagle] 04/12/2013 09:53

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

[kenmitch] 03/12/2013 19:06

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.

[horndean eagle] 03/12/2013 17:07

Generally the portfolio doesn't look in great shape. Kalibrate was sold on a lower valuation than in last set of accounts. Maxifier has had another change of management which suggests its not doing great. Toluna is the key and its difficult to gauge how thats bearing up. Im hoping they look to wind up. Otherwise going to be a long long haul.

[kenmitch] 03/12/2013 16:29

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?

[etarip] 30/11/2013 17:51

kenmitch

I am still hanging in here.

[kenmitch] 29/11/2013 09:50

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.

[kenmitch] 30/10/2013 19:11

Also still holding but was beginning to wonder whether to sell out until this news this week.

27/10/13

The Times
Kalibrate primes pump for flotation with a new identity

A Manchester-based technology company that delivers petrol pricing to the pumps has kicked off a £35 million flotation of the business. Kalibrate Technologies, which has changed its name from  KSS Fuels in the run-up to the float, was founded in 1993 to develop pricing technology to sell to convenience chains and other retailers. It has slimmed down to focus on the petrol forecourt after buying the rival Market Planning Solutions in 2011.

The company will seek to raise £8 million through a listing on London's junior AIM market that will be announced this morning. Kalibrate will tell investors that the potential market for its software, which also covers planning information for companies that operate fuel pumps, is worth £300 million a year, with expansion opportunities in emerging markets including Latin America and China.

Kalibrate counts Tesco and BP among its 200 customers across 68 countries. Statoil, 7-Eleven and Gulf are other well-known clients. The company generated revenue of £15.47 million in the year to March and a pre-tax profit of about £1 million. Its software is used to manage more than 76 billion gallons of fuel at more than 44,000 petrol forecourts around the world.
Bob Stein, the chief executive of Kalibrate, said: "If you drive around and stop to pump some fuel, the pricing you see is likely delivered by our technology. We don't set the prices, though. If you don't like the price, it is not us."

Kalibrate software allows its customers to react immediately if a rival petrol station cuts prices and starts attracting customers. "You have to be able to respond in minutes. It can take two to four hours to respond manually," Mr Stein said.
Historical data of how customers react to price changes or promotions is also kept so that the company's customers can determine whether a new service station would be economic. Mr Stein said: "We think of ourselves as the big data of petroleum retail."

Mr Stein, who lives in the United States, said the heart of the company was in  Manchester, where it develops its software and where a third of its 145 staff are based. He said that Kalibrate was the dominant player in its niche, and competed mostly with in-house systems.

[etarip] 27/9/2013 10:46

Nice to know I am not the only one.

[sbs] 25/9/2013 09:02

I've got a few. Long term investment ;-)

[etarip] 25/9/2013 08:58

23.09.13 LMMX recorded sale/buy of 100,000 at 7.5p
Any one else watching this share?

[kenmitch] 01/10/2012 14:26

vraic.

I can't understand which shares you mean?

[vraic] 28/9/2012 17:14

kenmitch and those investee companies one wonders what valuation they now put on the shares
i guess the bid price. whatever that is.

[kenmitch] 28/9/2012 11:07

I still hold the shares. Anyone who has made that decision is presumably holding for more returns of cash over the next couple of years rather than expecting a quick short term profit. It was tempting to sell, but selling for 7p at best with NAV around 16p was a no. Annoyed that they left the results until the day before the end of the AIM quote. Those of us not able to study them discovered some bad news too late.

Agree. It would be very interesting to know when anyone tries to sell and what price they get. Until then it's guesswork what they are worth now.

The news from a couple of their investee companies was very disappointing and that might be another reason behind the decision to end the AIM quote.

[vraic] 26/9/2012 15:48

so what value on each share now we are not listed.???
anyone tried buying or selling???

[griffmg] 26/9/2012 15:43

Hmm, my payment arrived this morning. Which was nice!

[praipus] 24/9/2012 09:28

RNS Number : 8904M
AIM
24 September 2012
NOTICE
24/09/2012 7:00am
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM
Eurovestech PLC
At the request of the company trading on AIM for the under-mentioned securities has been cancelled from 24/09/2012 7:00am.
ORDINARY SHARES OF 1P EACH, FULLY PAID (0229281)(GB0002292810)
If you have any queries or require further information, please contact the company's nominated adviser on 020 7628 2200.
This information is provided by RNS
The company news service from the London Stock Exchange
END

[praipus] 20/9/2012 08:43

Anyone who wants a proxy for EVT after the 21 September 2012 (delisting date) could buy DIL2.

[praipus] 20/9/2012 08:37

From the annual report


DELISTING

Eurovestech floated on AIM in March 2000 and made a number of investments in
growing technology companies. Thereafter, it used its remaining funds,
augmented by placings in 2003, 2004 and 2008, to invest further. In March 2010,
it completed the sale of KSS Retail Limited for GBP11 million and made its first
cash return of 2.18 pence per share to shareholders. A further return of 4
pence per share was made in October 2011 in conjunction with the sale of
ToLuna. As outlined above, a third return is under way.

A number of the Company's major shareholders have questioned the merits of
maintaining its listing on AIM. Following this, the Board undertook a review of
the advantages and disadvantages of retaining the listing.

Notwithstanding a track record over the last five years of disposing of
investee companies at a significant multiple to the cost of investment and in
excess of their book value, the Company's shares have historically traded at a
significant discount to net asset value. At 16 August 2012 the mid-market share
price of 8.25 pence represented a discount of 50.3 per cent to the unaudited
net asset value at 31 December 2011 of 16.6 pence per share. The Board believes
this discount is in part a consequence of limited liquidity in the shares.

Further, the Board calculated the direct and indirect costs of maintaining our
standing on AIM to be in excess of GBP125,000 per annum, approximately 12.5 per
cent of the Company's current annualised costs.

Moreover, though, one of the main reasons for having a public listing is to
provide access to capital. The Company does not at this time currently intend
to raise any further funds through the public markets. This may change, but its
inherent uncertainty does not justify the maintenance of the Company's quoted
status. The directors expect that more realisations will occur in the near to
mid-term, and some anticipated funding requirements would be met by them.

Therefore, after careful consideration, the Board concluded that it was in the
best interests of the Company and its shareholders to seek cancellation of the
admission of its ordinary shares to trading on AIM.

The Board has made arrangements for shareholders who wish to acquire or dispose
of shares to do so through a Matched Bargain Facility through London Matched
Markets (LMM) Limited, following the delisting. Shareholders will be able to
contact LMM through a stockbroker, and shareholders who do not have their own
broker will need to register with a broker to be able to deal.

The delisting proposal was approved by shareholder vote at a General Meeting on
6 September 2012. The last day of dealing for the Ordinary Shares is expected
to be 21 September 2012, and the admission to trading is expected to be
cancelled at 7.00 a.m. on 24 September 2012.

Following the delisting, the Company will continue to hold Annual General
Meetings, supply shareholders with copies of the annual report and accounts,
maintain good standards of corporate governance, and post significant business
announcements on its website.

OUTLOOK

The global economic outlook remains uncertain and, while we continue to hope
for an improvement, we cannot rely on external conditions to help our investee
companies. We will continue to rely on the strength of the companies'
technology and of our own balance sheet to advance in challenging conditions.

Looking ahead, your Board's strategy remains unchanged. It is the strategy that
has served us well: to drive growth and release value from our portfolio. We
still intend to deploy our surplus short-term cash resources opportunistically
and to return surplus cash from realisations to our shareholders.

The policy on investee company realisations will be to retain only sufficient
funds to cover ongoing costs, expected future funding rounds and to enable
participation in new investment opportunities when deemed appropriate. The
directors expect that more realisations will occur in the near to mid-term.

Richard Grogan

Chairman