Eservglobal Share Discussion Threads

[sheep_herder] 07/8/2018 13:39

Think you need another cup of coffee Geoff and then read it again. The date today is the 7th, the date of the change was the 6th which was yesterday. And 2016 is not the same year as 2018.

[geoffsmith] 07/8/2018 12:56

Does anyone understand that rns @ 12.20. It looks like it refers to something that happened tomorrow, it also appears to me that the bank of Australia has now 8million shares more than it had next week. I wish these prats would publish their news in normal rns format instead of bloody hard to read pdf.

[sheep_herder] 02/8/2018 10:39

yep, not the blow away news we were hoping for. I have no holding now. Will look in again in 6-12 months.

[hibberts] 02/8/2018 09:02

Jam tomorrow again, we have gone from Homesend being profitable this year to being proftable in later years I have sold the last of my shares this morning good luck to holders.

[sharesoc] 30/7/2018 19:40

eServglobal's presentation from our 11th July London growth company seminar is now available in our members area here:

[hibberts] 10/7/2018 15:03

Mastercard send coming to the UK.

[sharesoc] 01/7/2018 15:38

eServglobal present at our London growth company seminar on the 11th July, which may be of interest to shareholders and potential investors:

[thorne3] 18/6/2018 12:57

Thanks Simso.-I attended the recent AGM and got the same impression as yourself.However the proof of the pudding as it were will be the rate at which bank customers utilise the facility after the banks have signed up to the system.This will be very much in the nature of a sales operation.
The next 18 months will be critical but John Conoley indicated that he expected turnover to crank up quite rapidly.

[simso] 15/6/2018 15:16

I attended yesterday, and indeed John Connely and his senior team stayed in the room next door for a couple of hours afterwards, so several of us had a good chat there. Obvioulsy no new "market sensitive" information was given. However, John's presentation was certainly a stark reminder of the scale of opportunity, referencing the $22 Trillion address able market in cross border payments, and reminding us that 1% Commission would be $220m for every 1% point of Market Share achieved, and with very little "Variable Costs" so the income would largely drop to bottom line. He was rightly at pains to stress this was not a "Forecast", and did not know what market share Mastercard would be happy with.

John seemed relaxed and positive,clearly happy with progress, and it is fair to say that the presentation certainly stiffened my resolve to keep my reasonable sized stake, and remain excited about where this could lead.

[thorne3] 15/6/2018 12:48

Did anybody attend the Mello event at Hever on Thursday and if so did you learn anything of significance?

[davidosh] 29/5/2018 16:51

Just to mention that ESG will be presenting at our MelloSouth event in Hever,Kent on 14th June and all shareholders and potential investors are welcome to attend

ESG have never presented at our Mello events before and we are very pleased to welcome them so this is an ideal opportunity to meet the management and hear about their strategy and progress.

Do come and join us at this quality event and there will be at least 25 other companies to meet plus some fabulous keynote speakers and a large number of fund managers presenting and on panel sessions.

[hibberts] 27/5/2018 18:43

Edisons latest.

[squiresquire] 17/5/2018 17:57

Agreed it looks very much as if its being got ready for sale, once the core stuff goes
the rest will be much cleaner to sell, ie Homesend, remember the boulders of cash?

[masurenguy] 17/5/2018 16:40

Good post kinbasket - I agree with your view on this.

[sheep_herder] 17/5/2018 16:18

kinbasket, that highlighted comment sounds to me like they're readying the core business to be divested. I think I might agree with you that once that is done, the remaining JV only business is bought out.

In fact, given the recent positive statements from Mastercard, I would have thought now is the time to add more. By the time ESG gives confirmation and clarity that Homesend is generating cash, the it'll likely be too late.

[kinbasket] 17/5/2018 14:08

Conversely I've added a few here recently. I did a bit of research after the Mastercard statement. They are clearly positive on the project and there's a few job ads on the web for senior staff for Mastercard send. The key takeaway from todays statement for me is this bit..

"We continue to be extremely excited about the prospects of HomeSend, and continue to ready the core business to explore corporate strategic options. We look forward to updating shareholders as the year progresses."

I've said it before but I don't expect to see massive returns to shareholders here from Homesend. If it's working, Mastercard will buy ESG (or their share of Homesend) for a small multiple of todays price long before any value accrues to ESG, maybe 20p-25p. This looks like a company for sale to me. It's binary.

If you are waiting for cashflow from Homesend I expect it'll be too late.

[john09] 17/5/2018 13:47

Surprised this hasn’t dropped yet

[celeritas] 17/5/2018 13:42

I'm certainly not having anymore until its clear how Homesend is going. With that statement this morning which just had me guessing I'm more likely to lighten up.
Needs some clarity here Mr Conoley.

[hibberts] 17/5/2018 11:40

hpcg

I totally agree, 2 years ago we were promised a regular valuation of Homesend also that Homesend would be cash positive in 2017/18 I'm still waiting.

[hpcg] 17/5/2018 11:01

Potential investors, for example me, want to see revenue numbers for HomeSend. I'm not interested in a moonshot, I want an inevitably lower return but better odds proposition. Show me the money.

[lomax99] 17/5/2018 09:14

Would be nice to know how many are actually using it as a primary method, rather than being 'enabled'.

[masurenguy] 17/5/2018 08:09

At the meeting John Conoley, Executive Chairman, will provide the following address to shareholders:
"2017 was a year in which we evidenced progress on both sides of our business, but ultimately we still need to deliver more proof that our strategy works today. We are focused on what is an improving picture for both eServGlobal and HomeSend. eServGlobal is now debt-free, with the core business benefitting from a much-reduced cost base, which is already showing signs of progress against a refreshed sales approach. HomeSend, our JV with Mastercard and BICS, can support delivery of cross-border payments into over 100 countries. Growing numbers of banks have now been enabled to use HomeSend for their global payments solutions. Within the JV the focus is now strongly on growing the number of live banking partners. We continue to be extremely excited about the prospects of HomeSend, and continue to ready the core business to explore corporate strategic options. We look forward to updating shareholders as the year progresses."

[celeritas] 14/5/2018 11:15

Why B2B is the place 2B
Mastercard also believes Vocalink gives it a leg up on the competition by giving it the most comprehensive B2B (business-to-business) payment offerings. Both Mastercard and Visa have recently turned their attention to the B2B space, as a potentially huge, relatively untapped, area of growth. Hund-Mejean estimated the payment volume in the space could be as much as $124 trillion, of which "only" about $20 trillion or so is negotiated at the point-of-sale.

In the conference call, after highlighting the many complications and inefficiencies in the B2B market as it exists today, Banga said Mastercard's cross-border capabilities combined with Vocalink's domestic ACH capabilities, gives the company a unique edge and skill set that allows him to approach potential clients with confidence, saying:

That's where Mastercard Send and HomeSend on the one hand combined with Vocalink on the other is, to me, the killer app. So today I can go to the bank and go there and say I can meet your B2B needs. You want them through ACH and direct debit, talk to me. You want them through virtual cards, talk to me. You want them through commercial cards, talk to me. You want them through any aspect, I can help you. And I can help you Mr. Bank, and Mr. Medium and Small Merchant by making life easier for you, quicker for you, more efficient, easier to reconcile and streamline. That is our B2B strategy.