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EQLS Equals Group Plc

116.00
3.00 (2.65%)
14 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Equals Group Plc LSE:EQLS London Ordinary Share GB00BLS0XX25 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  3.00 2.65% 116.00 588,334 16:35:17
Bid Price Offer Price High Price Low Price Open Price
114.00 116.00 115.00 113.00 113.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Finance Services 95.71M 7.75M 0.0413 27.85 212.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:30 O 281,560 114.00 GBX

Equals (EQLS) Latest News

Equals (EQLS) Discussions and Chat

Equals Forums and Chat

Date Time Title Posts
14/10/202421:02Equals Group: e-banking and payments group3,892

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Equals (EQLS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-14 16:15:00114.00281,560320,978.40O
2024-10-14 16:08:30116.00102,250118,610.00O
2024-10-14 15:35:39116.00466540.56O
2024-10-14 15:35:17116.005,5356,420.60UT
2024-10-14 15:04:46114.523,0003,435.60O

Equals (EQLS) Top Chat Posts

Top Posts
Posted at 14/10/2024 09:20 by Equals Daily Update
Equals Group Plc is listed in the Finance Services sector of the London Stock Exchange with ticker EQLS. The last closing price for Equals was 113p.
Equals currently has 187,627,898 shares in issue. The market capitalisation of Equals is £215,772,083.
Equals has a price to earnings ratio (PE ratio) of 27.85.
This morning EQLS shares opened at 113p
Posted at 28/8/2024 13:13 by carcosa
Owenski, correct me if I am wrong but there was a bid for XP Power announced via RNS on 21 May, "Advanced Energy Ind. - Statement re Possible Offer". At that point XP Power rejected the offer.

Wrt EQLS no formal bid has been announced from the consortium. All we know is what EQLS have published themselves. Until a formal offer is announced I don't think EQLS are in a position to formally reject anything that has not been proposed. Albeit a phrase from EQLS saying something like "we would be minded to accept/reject.." would have been useful. It's a technicality.

Also, who know who else (anyone?) might be in discussions with the Board; until another leak ensues there is no way of knowing.

FWIW after all this time it seems unlikely to me the consortium likely to raise the cash required as you say, it's 'odd'... but maybe they want to wait for the next UK govt Budget announcement first, so expect another PUSU extension?

Given the current share price is not a million miles away from 135p and the risks involved of a bid collapsing, am a tad surprised there have not been more investors getting out and re-deploying their funds.
Posted at 23/7/2024 16:24 by simso
I read an ongoing debate here about EQLS and ALPH valautions. Lets split the facts from the fiction, as ALPH have reported their first half numbers this morning, so we can compare to EQLS' recent TU, covering the same period.

1. Interest Income: EQLS interest income in H1 24 was 16% of the total sales, so is relatively less of a deal than it is for ALPH, where it accounts for around 40%.

2. EQLS sales growth in H1 was +33%, and Alpha +19%. If one stripped out interest from both companies, EQLS grew at +24% and ALPH +15%.

3. Comparing current year valuations, we know ALPH is on a P/e of 12 for the current year (inc interest), confirmed in a Panmure note this morning. With EQLS, the last forecats we have from House Brokers Cannacord and Zeus are almost 10 months old. Given teh progress made since, that's a long time ago! In Sept 23 both were predicting sales of around £110m for FY24. We now know the first half alone has delivered £60m. My own view for FY24 is £135m sales, EBITDA of £32m and EPS between 10p and 11p. If this comes to pass, then the P/e would be 10.

In summary I believe EQLS is arguably on a cheaper rating than ALPH, although this depends one ones own assumptions in deriving a view on EQLS EPS. It is a fact that EQLS is growing materially faster, and also that Interest Income is less of a deal than it is for ALPH.
Posted at 18/7/2024 10:06 by willyworm2
I've held here since 2018 from £1 all the way down to 20p and back up, didn't particularly enjoy the early part of the ride but quite enjoyed the ride up to last November. Since then it has obviously been a very frustrating few months.

With all the positive noises, revenue growth etc I was expecting something along the lines of 160-175p as an offer to make it appealable to the management and shareholders, so was disappointed to see 135p as the number.

I was surprised that the management have not rejected the bid out of hand given it seems to be below expectations, and below what we could have expected the share price to eventually reach if the organic growth in revenues and earnings continues over the coming years. But the fact that they haven't done so suggests they would be mindful to recommend it if financing is arranged and the bid becomes firm.

Which begs the question why if the longer term case is so optimistic. Its either a) they aren't that optimistic and/or b) they have taken soundings from large shareholders as to what price would be acceptable and 135p is 'doable'. Either before the SR was commenced or during the SR I would have expected the board to sound out large shareholders as to what they think would be acceptable, if they all said we are not interested until 170p for example, then why not just end the discussions with the consortium and plough on with running the company. The fact that they are continuing the negotiations suggests to me a significant share of the shareholder base has indicated 135p is acceptable and therefore there is a greater chance of the bid going through than the current share price would suggest.

Any thoughts??
Posted at 17/7/2024 22:08 by mcl1
To @Melcul's point, why would Insto's decrease their holdings when there were two potential bidders up until a month or so ago.

The price action is as smelly as anything. The Aim is up 15% since EQLS announced their SR, yet the share price is barely changed. Even the more remarkable when there is potentially a 135p bid on the table.


Ian S-T / the Board have diluted the value of the company because until they put up the 'for sale' sign, it was fair to assume we had shares in a sought after company with best in class technology that would command a takeover premium......that is clearly not the case.

They need to provide an honest appraisal of the business, why they put it up for sale, do they lack critical mass for long term sustainability and realistically what is achievable. The share price suggests two things, 1) the bid has no chance of happening and 2) there is an erosion of faith from shareholders that needs acknowledging and answering.
Posted at 15/7/2024 15:19 by darryn1
Surprised that the share price is stagnating at around £1.12 when they have revealed a proposed offer at £1.35. Looks like the market is discounting that this deal will be concluded otherwise the price should be hovering in the range of £1.30 to £1.33. If no deal is done then one would have thought that the share price would rise from its current level following the recent trading update. A rather perplexing situation.
Posted at 10/7/2024 08:57 by ltinvest
Lack of share price movement suggests the market doesn't think a bid will materialise else it would be sitting at 135p already. I think equals releasing the offer price is more to do with stopping a big share price drop if no news was given. Hoping that some other bidders might appear given the price tag is under pretty much all out of date broker targets and value seen at 170p. Could see someone opportunistic come in. Surely there is more cash on the table
Posted at 10/7/2024 07:49 by carcosa
Clearly disappointing for many, myself included.

Should note that:
The consortium still need to raise the cash
EQLS have NOT said "they are minded to accept such an offer"
Allows time for others, including MDB, to make an improved offer.
General consensus seems to be EQLS share price would exceed 135p naturally anyway; but experience suggests Institutional Investors do not scupper such takeovers unless there is a large activist holder on the books.

Meanwhile todays CNBC's top 250 fintech companies may offer an alternative home for Equals shareholders who cash out of the company over the coming days...
Posted at 31/5/2024 16:18 by the_mandalorian
Thank you for your investment advice and the passive-aggressive pretentious go elsewhere dig, brought out by my slightest and reasonable scrutiny of your use of the p/e AEPS figure.

A little surprised considering I have never said this is a sell, or that the takeover will not happen. Isn't this a share discussion forum and not a fan club?
I am sure some folk would take it as rude or even condensing, but not me.

Read my history of posts, which included, unlike your own, exposing companies and breaking news before RNS on DHS investigations at NCYT, and scam lithium extraction partners in Chilean squats on CTL. So as I noob, green to all this, I don't take Offence ;)

I will answer the question for you that you didn't acknowledge.
The company used the same reasons for the non-reoccurring/ infrequent 'adding back' adjustments in Both 23/24 finals that give the AEPS figure.

Not unusual, most companies do, that's why clean EPS is the most important figure when assessing financial performance.

Is there any reason you went from using Clean EPS when posting in March 2023* to now only using AEPS, or was it before the period that you believed 'everyone in the city' used only AEPS?


*27th March 2023 Final results and share price on the date you posted that EQLS "had a p/e over 40"
EPS 1.8p share price 85p. =PE/ 47
AEPS 3.03 ; share price 85P =PE/27


Big7ime - 27 Mar 2023 - 12:20:42 - 20161 of 25292

Comparing ALPH,EQLS,AGFX Alph seems most profitable but very highly rated, Eqls profitability isN;T great but maybe early days as it has only just turned profitable AGFX is the stand-out share in terms that it is much more profitable than EQLS but share is so under-appreciated as trades on a multiple of around 10. EQLS is over 40 .
Posted at 16/5/2024 11:07 by fft
The share price action makes it fairly clear that the market (who normally knows these things) doesn't think it will happen, or that it won't happen at the price most of us want. The share price also seems to indicate that EQLS isn't worth as much without the takeover as we expect.Or... There are a load of stale bulls who see better opportunities elsewhere. And at the speed this is going, they may well be right !
Posted at 15/5/2024 13:36 by 74tom
I think you have to be cynical given the lack of transparency here. If there was an attractive deal to be done I highly doubt it would take 7 months+

I'd punt that neither non-binding offer is acceptable, but they don't want to close the strategic review because doing so will signal that the are no takers above the current share price.

If either proposal was above the current share price then why wouldn't they live up to the Put Up or Shut Up and reveal the details of the non binding offers & give the interested parties a genuine deadline? The worst this could do is move the share price higher & build bidding pressure...
Equals share price data is direct from the London Stock Exchange

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