Eagle Eye Solutions Share Discussion Threads

[zipstuck] 10/6/2016 07:49

The cash position as at 30 June 2016 is expected to be GBP1.1m. Despite the shortfall in revenue, cash has continued to be managed through tight cost control and working capital management. Looking forward, the expected exiting run-rate would result in the Company being cashflow positive in FY 17.

[santangello] 10/6/2016 07:33

Not too convinced, but jam tomorrow does look interesting here.

I am tempted to make a substantial maiden purchase today, as I have watched from the sidelines for a year or so.

[shaunstar] 10/3/2016 08:08

Results 'read' well apart from slipping in about revised expectations and they arent gorwing revenue as quick as forecast.

But skip to cash flow. They burnt 0.9m in half yr of last yr. Then burnt 1.8m in last full year. Then in the half year just reported they burnt 1.5m.

So cash burn is accelerating. With £2.7m cash at hand, they'll have quite possibly less than a million at next results and need a fund raise to be going concern.

[shaunstar] 28/2/2016 17:33

These guys had 2.7m cash end Dec but burnt 1.6m in the second half of the year.
Come results time they wont be a going concern so i predict a placing.

That coupled with recent break of key support on chart means i have taken a short position.

AIMHO,
Shaun

[pixi] 25/2/2016 09:15

I think so, that's why I bought. The company broker Panmure Gordon thinks so too, they have got a target of £2.86.

[ochs] 24/2/2016 23:29

Fallen quite a bit recently. So do people think the shares are good value at the current price based on recent trading statement?

[pixi] 24/2/2016 10:44

I bought this morning.

[ochs] 22/9/2015 18:58

The sale by the founder isn't a large amount when you consider his total holding and is probably just a case of wanting to cash in some of his success for hard cash since the company is now publicly traded.

[someuwin] 22/9/2015 10:33

Chief Executive Officer and Chief Technology Officer both selling shares doesn't send a positive message.

[edwardt] 18/9/2015 15:20

yep wakey wakey, virtually no stock being offered, only bid in size, off we go!

[someuwin] 18/9/2015 10:53

...Yes - once people catch on here this will be over £3 imo.

[eclair] 18/9/2015 10:51

Strange how there seems to be so little interest in a company with such potential.

[someuwin] 18/9/2015 10:13

Breaking out to new highs.

[someuwin] 17/9/2015 11:14

"The Company's current customer base comprises leading names in UK grocery, retail and hospitality including Asda, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Sainsbury's, Tesco, Thomas Pink and Young's."

[someuwin] 16/9/2015 10:15

Phill Blundell, Chief Executive of Eagle Eye, said:

"The award of two significant contracts in the past 12 months with Tier 1 grocery companies, Asda and Sainsbury's, clearly demonstrate that Eagle Eye is at the centre of a major change as we transform customer engagement from the analogue world of the past, to the digital world of today. Revenue growth of 165%, of which 80% was generated from subscription and transactional fees, is demonstrating the strength of our recurring business model and the underlying momentum of the business.

We have strong first mover advantage in a rapidly growing digital promotions market, of which we have made significant progress into the UK grocery sector this year with our proven technology. This gives the business a strong foundation to dominate the UK market and expand internationally. The Board has considerable confidence in Eagle Eye's growth prospects for the future as we continue to build on the strong strategic progress made in 2015."

[someuwin] 16/9/2015 08:47

Panmure ups target to £2.86

16 Sep 2015
Eagle Eye... EYE
Panmure Gordon
BUY
Old target 253.00
New target 286.00
Retains

[someuwin] 16/9/2015 08:03

Fantastic numbers here!

[philipo1] 08/7/2015 03:00

Agree, on the face of it potential, going to be interesting to see full year PBT, gross is down as expected with growing company and start up investment, Sainsbury's is the key for me and expectations next year, don't get excited about this years result, this is all about the growth potential and management of cost going out, don't grow too quickly lads, get the balance sheet right and it looks like a good investment

[tradermel] 07/7/2015 07:46

Good looking pair of RNS's .... net cash expected to be upto £4.3m (thanks to the placing of course)

[petewy] 12/3/2015 09:05

Group revenue increased 276% to £2.3m (H1 FY14: £0.6m)
Organic revenue increased 81% to £1.1m (H1 FY14: £0.6m)
Gross profit was £1.5m, an increase of 200% (H1 FY14: £0.5m), representing a gross margin of 66%
Net cash position of £1.4m, ahead of management expectations

[moormoney] 28/2/2015 17:18

mxcp sold some but not all of their holdings but share price has not moved. transferred into safe hands imo. I am waiting patiently for news :)

[moormoney] 21/2/2015 00:36

I agree the growth looks significant and the Market is overlooking the potential here. Mxcp have done very well with this one already and their stake in Ctp so good to see a rise over there as well.

[adorling] 20/2/2015 17:43

Hi mm, for the record I don't hold EYE at present, only through my indirect holding of MXCP. However, I like the business sector and believe there is significant growth but am waiting for a narrower spread and higher volume. Timing is important but I am sure it will be in the next few weeks when I buy in direct to EYE.

[moormoney] 19/2/2015 00:20

another tick up. come on adorling post as well I know you hold these and we are well below the radar!