Eservglobal Share Discussion Threads

[wigwammer] 30/6/2017 13:36

Thanks hibberts

[hibberts] 30/6/2017 11:27

Hi WW

Nice to see your still here.

See the new presentation.



Regards

Hibberts.

[wigwammer] 29/6/2017 19:33

"suspicions that Mastercard were not going to let Homesend grow too profitable and that they would take the lions share of any transaction fee"Hi Hibbert - my understanding is HS is targeting cash breakeven this year, after making a $13m loss last year. That's quite an inflection on the back of just one or two bank contracts, and suggests that the implied profitability of each is substantial. If they can get a few more on board, which seems probable on the back of today's report, then things appear very positive looking into 2018.Best wishes, ww

[wigwammer] 29/6/2017 19:21

"I made a lot of money out of ESG via exit-enter-exit. "Sure you did.If your posting history is anything to go by, you bought at multiples of the current price, sold at a fraction of it, and are nursing heavy losses.

[hibberts] 29/6/2017 19:06

The core business has turned out to be a dog they need to get shot of it before its to late.
I must admit I reduced my holdings a while back after listening to the last presentation
as I was having suspicions that Mastercard were not going to let Homesend grow too profitable and that they would take the lions share of any transaction fee.

Only time will tell.

[p1nkfish] 29/6/2017 16:41

I made a lot of money out of ESG via exit-enter-exit. They keep piling the debt on and it reads that Homesend is intended to get them out of a hole they are digging deeper. Some bad decisions having to back track on and more debt to be paid off when Homesend exit is made. More cost cuts in the core in the meantime to get it to be sustainable.

Tempted to suggest they would be better off selling off the core and just having a Homsend holding. Probably get an instant re-rating.

Odier can't go wrong as they are gaining bigger exposure to Homesend with interest in the meantime. ESG need to prove they have a sustainable core as well as an Homesend holding they hide behind.

[wigwammer] 29/6/2017 08:13

"The outlook for HomeSend is extremely positive."It doesn't sound like crypto-currency is going to impact anytime soon.

[wigwammer] 29/6/2017 08:09

You posted similar concerns when the stock was below 2p.

[p1nkfish] 29/6/2017 07:42

More debt. Carefully worded release. Everything depends on Homesend. African 2016 basically written off. More cost cuts needed.

Anyone know if crypto-currencies will impact Homesend?

[wigwammer] 22/5/2017 15:56

Yes - there was a May update last year so we should expect something around now. Management appears confident that a £13m loss can be turned into breakeven at Homesend this year.What does that suggest about anticipated growth?Of course, it is an option to wait for the potential to be obvious to the whole market. At which point you will likely be paying a 300%+ premium from here. IMO

[buffetteer] 22/5/2017 15:47

Read the Edison and Finncap research from 2016 and you'll get an idea of the Homesend business - that's what you're buying into . Read the optimistic tone of management who may be a guide. Should be an update soon .

[tabhair] 22/5/2017 15:32

I am looking at this for the first time. Maybe I am missing something, but I just don't get it. The story sounds wondering, but it doesn't get borne out in the numbers.

The core business this company operates in has been very poor, mostly running losses over the last 10 years. Management have continuously turned over and always over-promised and under-delivered. It seems like the best we could hope for with this part of the business is break-even.

The other worry here is management. It seems like they have turned over quite heavily here in the last 10 years, and as of now the current CEO is in the job just 2 years and barely owns any shares (other than nil cost ones). There is a very long history of over promising and under delivering with this company.

It seems like most of the hope for this lies with their JV with Mastercard. I listened to the recent investor webcast they did, and I don't think they provided any clarity on the underlying business they have. What level is break even, what are the margins, etc? The only thing we have to go on here are the numbers in the recent annual report. Revenue went from £3.6M in 2015 to £5.6M in 2016 with the loss widening from £10.9M to £13.2M. The company itself is suggesting that we will get to break even from these losses by 2017 CY. Is there any evidence of this? I have to ask, because management guidance has been so awful in the past, I want to see some sort of evidence before investing.

I guess what I am trying to say, the message from management seems bullish and "I Want To Believe"!

[bolador] 19/5/2017 16:32

hibberts,

bit of volume these last three days with one 2m trade,700 trade yesterday, maybe drip seller has finished as price held up.
tried to pick up some stock today at mkt price had to wait all afternoon and pay 1/8th outside.
what is the news flow outlook with figs etc ?

[allysonone] 20/4/2017 12:23

Why would it?

[allysonone] 20/4/2017 12:22

Why would it?

[futuredlighter] 20/4/2017 11:42

Is this just about to take off

[futuredlighter] 13/4/2017 18:14

?? Lovely buy today and two strange 1 trades

[hibberts] 15/3/2017 12:07

Video of presentation.

[hibberts] 07/3/2017 14:35

Today's new presentation.






If MasterCard sales people get there finger out this year could be the turning point
when things start to get interesting.

[hibberts] 09/2/2017 15:58

Share holders come and go, if Homesend is a success the big money will be made by
those who hold long term. Asos is a prime example how many people bought the shares when they were 10p and still hold today? not many.

[wigwammer] 09/2/2017 15:47

Sellers coming in again.You wonder why they bought in the first place?!"Looking ahead, I have confidence that eServGlobal now has not only the foundations, but the first clear evidence of becoming a successful and sustainable business in a growing space. Likewise, the HomeSend Joint Venture is now well-positioned to address a substantially enlarged potential market, and I am excited about 2017."

[wigwammer] 06/2/2017 10:24

Following the aud quote down again, no idea what happened over there but moved up and down on very light volume.Still making decent progress so far in 2017.

[daicaprice] 03/2/2017 15:33

Looking primed for a nice spike on next good news from here.

DC