Enables IT Share Discussion Threads

[zigbee] 04/3/2009 17:45

Looks like RBS are after their 2.4 million back possibly to pay into a few pension funds. This whole thing reeks.

[cheshiremoggie] 23/1/2009 10:32

I think the point is that they have won several large contracts recently which have yet to show up in the results. When they do the revenue/profit will look considerably different.

Still wouldnt touch these though.

CM.

[andre] 22/1/2009 21:10

LP might not be your flavour of the month but he has a point here. Would you buy/value a company that loses £527K on sales of £740K for/at £11M+? No, neither would I.

The market cap means little here. Nobody would buy them at anywhere near that price so it is just a silly number, out of touch with reality. The few shares available and none being traded allow that number to persist.

How are they doing this so badly anyway? Selling for less than it costs to make a box alone? Either the costs of running this company are completely disproportional to its income or sales are really poor. And a 40% increase in sales can take you from 'diabolical sales' to 'p*ss poor' when compared to what you need to make £1 of profit overall. It is all in the wording. The fact is they are running an operation on credit and that doesn't bode well in this climate.

And they don't have anything ground breaking or different from what I can see either to justify any real optimism.

Conclusion - The reason nobody is trading and thus the price remains silly could be the 25% spread! On its fundamentals, the company shouldn't be in business today and might not be tomorrow. AIM, its a funny old market.

[pachnes] 16/1/2009 00:02

Robin; a very fruity response.

LP; your drivel doesn't warrant a considered response.

[robinhood5] 12/1/2009 17:22

EIT's vanilla service appears to be winning awards. Perhaps it is finest madagascan vanilla! It does appear that people like Vanilla compared to some of the lemons out there! Anyway nice to see the tradition of raspberries is being maintained in this forum!

[lucky punter] 10/1/2009 14:19

Pachnes Improved from where exactly. That is improved against their own previous not against a market average or any other marker so it is a pointless line. They are still discounting against the rest of the market to provide their vanilla service.

[pachnes] 02/1/2009 20:18

LP; it would appear that you don't grasp the conflict between your suggestion that EIT has heavily discounted prices in order to win recent contracts and the Company's latest trading update that states an expectation of improved gross margins. I'll leave it to you to work it out...

[lucky punter] 01/1/2009 22:06

Pachnes
It is not difficult for the results to reflect strong growth in sales when the previously had no sales. The gross margins may be positively impacted but that really means little in this scenario. The company is capped to reflect a much larger company so any improvements are already in the price. The share price has been shielded from the wider market problems by the three large holders. I really do not know why they do not take it private.

[pachnes] 26/12/2008 20:28

LP; EIT's latest trading update indicates improving gross margins - "The preliminary results, planned to be announced in March, are expected to
reflect continued strong growth in sales, whilst the benefits of our investment
in new staff and technology will positively impact gross margins" - not the performance indicator that one usually associates with discounted contracts???

[lucky punter] 24/12/2008 16:00

CM
Its a crazy situation at EIT, I cannot understand why they pay out 150k pa in admin/fees for an exchange they hardly use. Most of the shares are held by a couple of people who are locked in to this as there is nobody to sell to.
Massive success is already in the share price and they are a million miles away from achieveing that.
The next results and the set after that will display the extent of the discount that they gave to secure the couple of contracts they hold.

[cheshiremoggie] 20/12/2008 19:56

Thats true but some of the market cap is, I believe, due to the low number of shares not tied up.

The next results will give a better indication as to the potential.

CM.

[pachnes] 20/12/2008 11:22

CM: I think it's as likely as pigs flying. Perhaps the market is pricing on future potential?

[cheshiremoggie] 20/12/2008 10:57

£11.4m market cap on sales of 740k and a loss of 527k in 6 months.

The market is currently pricing in a t/o increase of 30x and pbt of at least £2.5m for the full year.

Is that really likely?

CM

[pachnes] 20/12/2008 00:42

Just picked this up from Growth Company Investor. Apparently, the publication also selected EIT as one of it's 2009 tips:

Eagle-i soars

Companies: EIT

15/12/2008

Reinvigorated telematics minnow Eagle-i rose 22 per cent to 3.5p this morning on an upbeat trading update for the year to November.

In a market missive causing the shares to take flight, AIM-traded Eagle-i, a supplier of vehicle positioning and fleet management technology, flagged up a year of 'considerable progress' in the roll-out of new services and solutions.

Restructured under new CEO Ian Walmsley, Eagle-i is seeing strong interest from fleet operators in the fuel cost and vehicle insurance premium savings that its technology delivers. As well as helping businesses to drive down costs, the company's technology brings productivity gains and helps clients meet environmental and legislative compliance.

Since unveiling pared back losses of £527,000, on sales up 40 per cent at £740,000, for the half to May, the company has inked a number of significant tie-ups. These include a £4.5 million deal with home emergency services group HomeServe, a deal with part of Hitachi worth more than £1 million a year and a contract with insurance giant AXA.

Designing and making its own systems, the company is also benefiting from the 'upselling' of additional services to end-users in a trend that is swelling its gross margins. When the annual results are unveiled next March, investors can expect continued strong sales growth and gross margin expansion, the company said.

As high as 4.5p and as low as 0.88p over the past year, today's share price values Eagle-i at £11.4 million.

[robinhood5] 03/12/2008 13:50

Hey LP, Nice to hear from you. I'll look forward to your rejoining the thread in the future.

[lucky punter] 02/12/2008 22:47

I sold out of Cyh several months ago when it was apparent that most if not all stocks would be decimated. I hold gold at the moment and a couple of small caps. I will be back in the stock market and Cyh in due course at a much reduced level than previous when the time is right. For now there is no reason to be holding as the market will not let anything advance.

[zigbee] 01/12/2008 18:07

If I missed the timbre of your comments it just shows what a poor medium words is.....I am pleased you were not part of the herd despite what your heard from LP.

[robinhood5] 01/12/2008 10:24

Zigbee - Do you believe that irony is a bit like tinny but made of Iron!

[zigbee] 01/12/2008 10:17

Robin,

It is remarkable that you still see his opinions as balanced as they have been revealed as at best totally self serving and possibly just lies.

I guess the definition of the skilled con man is when the rube doesn't even know he's been had.

[roofer2] 27/11/2008 00:02

Robinhood5 - 26 Nov'08 - 14:06 - 164 of 165


Zigbee,

When did LP jump ship? I was not aware of any major changes at CYH? Anyone know where he has gone? I miss his balanced opinions!

L/P is now in itis, doing very well it seems lol

[clocktower] 26/11/2008 14:24

No idea - not noticed is location.

[robinhood5] 26/11/2008 14:06

Zigbee,

When did LP jump ship? I was not aware of any major changes at CYH? Anyone know where he has gone? I miss his balanced opinions!

[pachnes] 25/11/2008 15:18

CM; agreed. Although I guess it's reasonable to conclude that Hitachi wouldn't have conducted a time consuming selection process or have committed sales and marketing resource if there wasn't a serious revenue opportunity? From some quick googling, it seems Hitachi clients include British Gas, Network Rail, ANC Express, KPMG and the Environment Agency. Time will tell how successful this partnership is in addressing these opportunities.

[cheshiremoggie] 25/11/2008 12:34

The Hitachi 'deal' wasnt a contract as such was it - it is simply an agreement to market EIT services to the Hitachi customer base.

That could produce £0 or £1m or £2m a year. It is hard to say what the figure may be despite the company prediction.

CM.

[pachnes] 24/11/2008 22:19

zigbee; I'm bringing factual competitor information to what should be an interested audience. I agree EIT's balance sheet presents difficulties, but they do seem to be pulling in some very significant contracts (Axa, Homeserve, Hitachi) when others seem to be, at best, standing still. We all have different investment strategies and quite rightly so; personally I would rather invest in a turnaround play with a weak balance sheet than a moribund business with a relatively strong balance sheet. Each to his own. Good luck.