Ebiquity Share Discussion Threads

[russman] 22/4/2020 09:26

Only observation is the word "growth".
Considering the pandemic, I would have said steading the boat, effective long term planning, prioritise strategic goals.

[imjustdandy] 22/4/2020 07:17

£6m of net debt and Co will report a profit of £6.2m on £68m turnover. Attractive

[imjustdandy] 22/4/2020 07:11

Outstanding appointment as CEO. Feels a bargain down here at 30p

[sphere25] 23/2/2020 17:52

Missed Friday's actions but catching up now. The market has been sleeping here with the stock available to buy in the early and mid 30's for an eternity in market time on overhang clearance news. Only Spooky has commented on the seller clearing here and thus the opportunity.

Just looking at the trades, someone has come in for 1.4m at 38p and then another significant buy of 550k art 39p on Friday. Clearly the previous post on very significant demand holds even truer on that type of buying.

Edison (ok, it's Edison) have put out a note on Friday regarding the value opportunity here:



Looking at the earnings forecast of 5p for the new financial year (coupled with the anomalous price due to a seller in size needing cleared - now cleared) I'd be surprised if this doesn't head to (and settle) around that late 50's level from where it fell recently.

I'd lob some there awaiting further news.

[rampmeister] 21/2/2020 17:45

I’m in for a few at 38p. Chart looks like it’s trying to break out. Hoping for 60p here.

RM

[nw99] 21/2/2020 17:29

Big day bottom in blue sky next week

[cwa1] 21/2/2020 17:23

Kabouter kaput:-

[cwa1] 21/2/2020 16:15

Well, it was mid when I posted that ;-)

[cwa1] 21/2/2020 16:14

Decent size-1.4M-just gone through at 38p mid.

[hiraniha] 21/2/2020 13:49

What's a fair value of these shares?

[matt123d] 21/2/2020 10:28

Added a few here.

[nw99] 21/2/2020 10:23

Wonder who bought them all

[cwa1] 21/2/2020 10:20

Good news if Kabouter are done and the holdings in firmer hands, hope so.

[spooky] 21/2/2020 08:52

Todays announcement confirms the seller is done. His outstanding holding traded yesterday.

[srichardson8] 20/2/2020 16:28

May I just thank the Brummy. Extremely useful tables. I spotted this yesterday but was busy trying to decide whether or not to sell some Sylvania which I did topslice. But the data posted took me back to the Wednesday EBQ trading update, to look at some financials and get a cursory understanding of the past twelve months. Naturally I am hoping they can pull off a recovery and more here. And these big volumes often indicate bottoms (and indeed tops) in my experience.

[spooky] 20/2/2020 14:51

That looks like the end of the seller. There may be a follow on bigger trade later which will be his block IMO.

[spooky] 20/2/2020 10:25

Hmmm thats not a straightforward one to answer. IMO the company has not been managed with shareholder returns in mind. The CEO and CFO have now left the building and with Cannacord/Hambro owning more than 20% of the company i expect things to change going forward. The seller is not done yet IMO, i would expect several million more to trade in the near future.

[sphere25] 20/2/2020 10:14

Interesting valuation - not been in this one before. Why is it so cheap?

Someone has picked up a 3m block with another 606k mopped up - both reported after the close. That is very significant volume for this stock.

[brummy_git] 19/2/2020 15:12

Just posted some comparative KPIs and valuation multiples on Twitter wrt the media/consultant industry vs Ebiquity

[allonblack] 19/2/2020 13:03

The big point today is the withdrawal of the only real competitor (Accenture) from their business. That is genuinely (imo) a huge tailwind to revs. Old CEO was an analyst who wouldnt put up prices. Current management wont hesitate. Plus there is more operating leverage as extra revs will no longer be sucked into supporting loss making businesses. Just an extra 2m on the bottom line and this thing is at 60-70p.

[spooky] 19/2/2020 08:36

The reason they got there is because there was a big seller. He is still there, so until someone takes him out they aren't going anywhere. They are far too cheap IMO.

[eezymunny] 19/2/2020 08:22

Yes, on the face of it EBQ had been well and truly sold down the river. Every ratio looks cheap and the balance sheet is reasonable IMO. Time will tell of course but gawd knows what it was doing sub 30p...

[brummy_git] 19/2/2020 08:12

Updated Ebiquity financial forecasts can be accessed here.



What I love about smallcaps, is that the market occasionally hands out gifts. Take Ebiquity. Today it said trading was “in-line” with expectations (Est adj PBT £5.0m, £69.0m revs), generating better than expected cash, with net debt closing Dec19 at £5.8m vs my est £7.5m.

In terms of valuation,ebiquity at 27p presently trades at less than half peer group averages at 5.5× 2020 PER & 4.4x EV/EBITA. Even assuming only modest growth going forward, I would still value the shares at more than 70p each. I suspect the stock will respond favourably on the news