Eservglobal Share Discussion Threads

[p1nkfish] 10/4/2014 13:49

They have had tip in motley fool australia.

[p1nkfish] 10/4/2014 13:46

2 big transactions look like confident buys, £500k each.

[cgp_win] 04/4/2014 06:55

It means now the HomeSend JV is closed, MasterCard can start promoting and using the service which means we should get more revenue flowing through which hopefully means a ramp up of profits for ESG.

Remember HomeSend already has flows from corridors opened by ESG before MasterCard came in (mainly UK -> Kenya).

My rough numbers for HomeSend (exclude Core Business which is going well) are: Global remittance Market according to the world bank is US$700bn (see recent announcement), ESG have 1.5% commission (mostly profit) and 35% JV share. If you think MasterCard/MoneyGram/Vodaphone etc.. can put only 5% of the total market flows of US$700bn through HomeSend then - 700bn*5%*1.5%(commission clip)*35%(JV share) = US$183.75m NPAT for eServeGlobal PER ANNUM. Apply a light 10x multiple and we have a US$1.8bn company ladies and gentleman. 5% market share is likely small for such big partners!!!

This is a screaming buy to me. I just loaded up.

[olison] 03/4/2014 16:30

What does this mean for esg then

[celeritas] 03/4/2014 15:56

Homesend done and dusted.

[celeritas] 27/3/2014 12:15

New Chairman shouldn't be far away, a big hitter hopefully.

We are pleased to tell you that this search is well advanced with a qualified shortlist of interested candidates and we anticipate making an announcement in the near future.

[allstar4eva] 27/3/2014 10:49

Quiet ones are best;-)

[miss womble] 27/3/2014 10:48

Hear hear for the tranquillity of the thread. MW

[celeritas] 27/3/2014 08:03

Great news and such a nice quiet thread.

[ade45] 27/3/2014 07:47

nice rns. homesend becoming a real hub for money transfers

[cgp_win] 20/3/2014 00:37

hxxp://www.iol.co.za/business/companies/mastercard-prepares-for-african-growth-1.1663387#.UyoyxqLDXrw

[cgp_win] 18/3/2014 23:37

Seems mobile money/international remittances in the unbanked world is taking off:

Remember ESG/HomeSend are the remittance back end for Vodafone - seems eServe have India now too and VodaFone will push this harder from here:
hxxp://www.rediff.com/business/report/tech-vodafone-rolls-out-aggressive-plan-for-mobile-wallet-service/20140318.htm

Vodaphone are also rolling out "cash out" terminals for m-pesa users in Africa (ESG do the international remittance arm for m-pesa):
hxxp://www.business-standard.com/article/companies/m-pesa-to-start-pilot-scheme-on-cash-out-services-in-april-114031700430_1.html

Even the Airtel boss agrees with the Mobile Money take off:
hxxp://www.mobileworldlive.com/airtel-boss-sees-two-speed-take-mobile-money

eServe is at the epicenter of the mobile remittance revolution, which is gathering momentum now. I can't wait for flow information and more core business deals.

[celeritas] 13/3/2014 10:34

Will Mobile do the trick for the Banking Industry?

[celeritas] 07/3/2014 10:47

Mobile and money remittance: A perfect match
March 6, 2014 - Ilan Oosting


There are real benefits money remittance companies can have by embracing a mobile-first strategy. In fact, when it comes to financial institutions, I believe that mobile and money remittance are the perfect match. Here's why:

Mobile makes money transfers faster and more convenient

While today's contactless mobile payments solutions are still not as simple as handing over a wad of cash or swiping a card for over-the-counter payments, in the world of money remittances, mobile can actually smoothen-out friction points.

Through mobile, senders can send funds wherever they are. They won't have to drive or commute to a local remittance center, they don't have to fill out forms, and they don't have to fall in line to complete the transaction. It's all seamless and convenient.

For the recipients, mobile remittance can save them the trouble of having to go to a remittance center, fill out a form and fall in line to receive their money. All they'll need is a simple SMS code that they can use to withdraw funds from a nearby ATM through cardless transactions.

It has the potential to reduce bottlenecks in branches

Mobile remittance can reduce the number of people that would visit a remittance branch to complete transactions. It alleviates traffic inside the branch reducing lines and wait times making visits by other customers more hassle-free.

It decentralizes transaction points making it inherently safer for customers

People carrying cash with them in and out of remittance centers are prime targets for criminals. In some countries, it's not rare to have people mugged just outside banks and remittance centers.

By allowing people to transact wherever they are, mobile remittance decentralizes the transaction points, making it harder for thieves to find unsuspecting prey.

It reduces costs for remittance companies

Mobile remittance can cut costs for remittance companies by reducing the need for physical branches and personnel to accommodate walk-in clients. Mobile can scale without incurring significant costs, making a mobile investment much better in the long term for remittance companies that want to expand their operations.

It makes remittances more accessible

The reduction in costs of running a remittance operation means these companies can actually lower the costs of sending money for the end-customer. This makes remittances more accessible to the areas that most need it, such as developing nations and remote rural areas. Lower costs also make it more attractive for people to use formal remittance solutions to send over money. For the poor, every cent counts, so lower costs can make the added security only a financial institution can provide more attractive for them.

It opens up doors for financial inclusion

This is particularly true for developing countries where a vast majority of the population are un-banked or under-banked. The costs of building and maintaining a physical presence in poor countries has made traditional financial services difficult to access for their citizens. Even in poor countries, a large number of the population has access to mobile devices, giving them an opportunity to receive financial services.

Money can stay within the remittance company's network longer

One of the side-effects of successful mobile money campaigns is that users are also using these mobile money solutions as storage mediums for their money. They don't withdraw the funds all in one go. Instead, they only take out what they need and withdraw funds later.

Having the ability to withdraw small sums at a time has multiple benefits. For one, carrying less cash makes it safer for the customer. For the remittance company, the money stays in their network longer.

It opens up other opportunities for remittance companies

Having a mobile service can help remittance companies expand to other services. They can add bill payments into the app, for example, allowing their customers to bay for utility bills using funds sent to them through their mobile device.

It paves the way forward to progress

Mobile use is so widespread that it is no longer wise for remittance companies to turn a blind eye on it. If they won't embrace it, you can bet that their competitors will. Whoever gains traction in the mobile channel will have a huge advantage in the market. It's now a case of move now or be left behind.

[celeritas] 07/3/2014 09:54

48pc mobile money users in urban areas: study

[celeritas] 05/3/2014 14:55

Mobile Money Services for the Unbanked Continue to Grow Worldwide

[celeritas] 05/3/2014 07:55

eServGlobal and MNepal to offer mobile financial service solution in Nepal

[cgp_win] 05/3/2014 03:54

Craig sold as he is moving to RUL (listed on the ASX) and has been there for a long time and needs the money for other things. Richard M (CEO/MD of RUL) hasn't sold a share in ESG, but stepped aside to focus on RUL. Likely seller was Henderson or Legal/General who have recently made 5x their money and would be happy to crash the stock 20-30% to get out. Looks like they are done now. I think no news will come until after financial close of the MasterCard deal. Then we are back on for the next leg up..... new ESG chairman, new HomeSend Board and more core business wins. This is going to be a winner and a great buying opportunity.

[celeritas] 04/3/2014 21:09

You have to sell at some point, no-one holds forever.

[she-ra] 04/3/2014 17:07

I just would have thought they would shared the same confidence as all of us here.

[celeritas] 04/3/2014 16:57

Both have moved on now, who knows why someone would need cash.
I expect an rns to make it clear, either way it looks like the overhang is cleared.

[she-ra] 04/3/2014 16:49

Why sell?Unless there is going to be a cash call?

[celeritas] 04/3/2014 15:55

Looks like the overhang is cleared, Richard Matthews or Craig Halliday.

[celeritas] 04/3/2014 11:48

Mobile banking key to financial inclusion
Senior official of Visa Inc talks about Bangladesh's potential




Mobile banking is the perfect platform for Bangladesh to take financial services to the country's largely unbanked population in an efficient and low-cost manner, an analyst said.