Eservglobal Share Discussion Threads

[largeronald] 06/10/2018 11:30

Nice mention in scsw today. Should make for a bit of jump in the share price on Monday.

[ali47fish] 05/10/2018 09:27

as i am abroad i have asked my broker how to proceed-apparently shareholders have been sent instructions - no one commenting here-isthis a good offer -the ask price is 6.5p the same as the offer-sounless thesp goes up a bit not much of a discount? welcome any insightful comments!

[masurenguy] 27/9/2018 16:46

Pursuant to the Retail Offer, the Company will offer Qualifying Holders, being holders of Ordinary Shares or Depositary Interests in the Company (not Overseas Shareholders) on the register at the close of business on the Record Date, to subscribe for Ordinary Shares at the Issue Price on the same basis as the Institutional Shareholders under the Institutional Offer.

[ali47fish] 27/9/2018 16:38

thank you Masuren! the rnsmention a retail offer- is that correct and is it on same terms as institutional

[masurenguy] 27/9/2018 16:22

It's evidently due to the fact that the fund raising is indicative of the expansion of the Homesend programme and the icrease in income and profit that should subsequently accrue to ESG

[ali47fish] 27/9/2018 16:17

nobody is commenting why has shot upon such news? which iam happy about but want to understand!

[johnv] 27/9/2018 11:59

" to protect and maximise future value....."

[masurenguy] 27/9/2018 08:27

In this context - such as ?

[hibberts] 27/9/2018 08:26

There's more than one way to skin a cat.

[masurenguy] 27/9/2018 08:24

It's not quite as simple as that. ESG own just under 36% of Homesend. If Mastercard want to accrue the total income from this service downstream then they have to buy ESG out. There is no advantage for ESG to sell their stake unless a buyout price from Mastercard is attractive since otherwise they can just sit on their stake and let the future income accumulate.

[hibberts] 27/9/2018 08:09

Mastercard can do what they want as they are the only game in town.

[johnv] 27/9/2018 07:47

Rothschild appointed, looks like ESG wants to make sure MasterCard doesn't screw them.

[soundbuy] 27/9/2018 07:24

Ditto the above..........same old same old...........zzzzzz

[graham1ty] 27/9/2018 07:23

Well that explains the weakness.

Let us hope it is interpreted as commitment to Homesend

[masurenguy] 12/9/2018 15:06

Edison's Current View: The company is having discussions about the core business with potentially interested parties. With the cost base substantially reduced, bad debt issues resolved or being resolved and a growing order book, the core business is now a more attractive proposition for a potential bidder. Excluding central/plc costs, the business could generate a c 20% EBITDA margin, which could make it attractive to a larger player or consolidator in this market. If the company does end up disposing of this business, this would leave a shell company holding the stake in the HomeSend joint venture.

We believe that most of the company’s value is provided by its stake in the HomeSend joint venture. We estimate that in addition to the well-established use of HomeSend for remittance volumes, the share price is factoring in adoption of HomeSend by banking customers for cross-border payments. Evidence of recent bank signings transferring cross-border payments over to the HomeSend platform will be key to supporting and driving the current share price. Contract wins in the core business could also have a more limited impact on the share price.

[poundforager] 01/9/2018 12:53

The market is presumably liking the fact that Mastercard bought out BICS's stake during the period too. No details on what they paid, but evidence that they remain confident and that Homesend remains very relevant to their future plans.

[dibbs] 31/8/2018 17:34

Thanks Tomps2. Interesting interview. At least the core business is increasingly under control with a potential for it to be sold.

The Homesend project is never going to take over the world overnight but it remains a tantalising prospect. The 64 million dollar question is timing to scale Homesend transactions.

The market seemed to quite like the prospects with a welcome continued recovery in the share price.

Dibbs

[hpcg] 31/8/2018 10:59

And with that half year report now off my watch list.

[tomps2] 31/8/2018 07:51

Video covering the FAQs: piworld interviews eServGlobal, John Conoley, Executive Chairman. (c20mins)



eServeGlobal has two parts to the business, can you explain what each does? – 00:22
Can you tell me more about HomeSend? – 02:18
Did HomeSend come out of ESG and mobile money transfer within ESG? – 03:05
What’s the size of the global money transfer market? – 04:01
What does HomeSend offer that legacy systems don’t offer? – 05:34
Is it the technology that’s different from legacy systems? – 07:16
Can you tell us more about the core business? – 08:20
When do you see it (the core business) returning to breakeven? – 09:20
Is the 50% recurring revenue what we should continue to expect? – 10:19
How did you (John) originally get involved (with ESG)? – 11:07
Which regions are the predominant regions (for ESG)? – 12:23
Are there risks in these regions? – 13:42
What are your aspirations for ESG in the short and medium term? – 14:20
How long does it take for a signed up back to start making transactions? – 15:49
For HomeSend is it labour intensive to on-board banks, or just switching a switch? – 17:34
On the core business, you mentioned corporate activity, can you say more? – 18:00
What should investors look forward to for the rest of the year? – 19:20
How will we know we’re really getting traction with the banks? – 20:00

[soundbuy] 21/8/2018 16:01

Encouraging action............

[dibbs] 20/8/2018 12:53

A fair trade for 6.5 million just gone through at a price that I'm pretty sure would make it a sell and a bit of recovery since. It maybe that our seller has now finished and the price may recover further from here. Plenty of potential here but progress slower than was hoped. I've chosen rightly or wrongly (thus far!) to hold on but remain optimistic.Dibbs

[geoffsmith] 07/8/2018 13:57

Thanks, yes a lower % as you say probably due to placings, however even over 2years an increase of just over 8million shares is some increase. I wonder if B of A are using homesend, I assume they are.

[sheep_herder] 07/8/2018 13:51

Yes, but the % has lowered, I assume due to placings in the meantime.

[geoffsmith] 07/8/2018 13:46

Sheep-herder, Funnily enough I was having another coffee just now. I read the rns on stockopedia and the print is too small for my old eyes, but even with a good magnifying glass it still looks like 2018 to me. Anyway the real question is have bank of Australia increased their holding by 8million or not? any idea.