Eservglobal Share Discussion Threads

[geoffsmith] 15/2/2018 13:30

Well looks like several holders have lost patience waiting for the next update on new customers, which was said to be imminent. Personally I thought it would take longer than this anyway, and is still worth waiting for.

[wigwammer] 07/2/2018 14:10

Quote from a VP at MasterCard Labs below. As mentioned before - legacy money transfer processes are about to become faster, cheaper, more visible and more secure - and less in need of crypto style revolution.. "But consumers won't be able to pay with the Mastercard blockchain instead of plastic, at least not anytime soon, he says. Nor does he see bitcoin as a threat to Mastercard in general. "Quite frankly, we feel that card payments are simple, safe and easier to use-and better meet the needs of consumers-than, let's say, a cryptocurrency payment," Pinkham adds." (Fortune, October 2017)

[wigwammer] 06/2/2018 09:36

The combination of Homesend and MasterCard will enable users to send money quickly, cheaply and securely using branded financial technologies that are familiar to people.I know it's an unfashionable thing to point out - but given this change - it is hard to see bitcoin/blockchain making any great headway. I see bc is getting smashed again.. pleased I didn't go there.

[wigwammer] 02/2/2018 18:58

Conoley and co have 2 directors on the board. Hard to imagine they are that far removed from the action.

[thorne3] 02/2/2018 14:57

Further shares were issued by ESG in October 2017 at 9p;it could only be expected therefore that some holders might be tempted to take a near 40% profit at 12.7p following the publication of the January issue of the SCSW.The smart money went back in at 9.65p which is clearly a support level.Hereonin we are simply waiting for newsflow which is not likely to be too regular I wouldn't imagine insofar as MasterCard are effectively running the Mastersend operation with the result that Conoley & Co at any one time are at one remove from the news and action .Any views?

[ghostofahangman] 31/1/2018 20:39

Utter junk

[poundforager] 31/1/2018 11:49

Mastercard results tomorrow.

[mad foetus] 31/1/2018 10:52

I'm back in

[mr hangman] 30/1/2018 14:46

This has MONI written all over it

[soundbuy] 30/1/2018 13:29

.......plus the liquidity does no favours......

[soundbuy] 30/1/2018 13:27

Push out stock to over zealous punters on T20s mid Jan - take a axe to the bid before you have to deliver to mkt...........pay up or cash out........zzzzzzzzz

(or its a turkey......)

[mr hangman] 30/1/2018 13:05

maybe there is another RNS coming..

[lomax99] 30/1/2018 13:04

Averaged down, grrrrr!

[fozzie] 30/1/2018 12:46

From memory there were plenty of large buys at over 13p second week in Jan after the scsw tip. Happy to have doubled up here but very strange price action.

[graham10k] 30/1/2018 12:41

I would appreciate an explanation of what has gone on here to drive the share price down so low. Anyone help? TIA

[stampylong trader] 30/1/2018 12:26

Stop loss hunting.

Lombard Odier, participated in the first blockchain bond trade - they are not behind the times. hxxp://www.artemis.bm/blog/2018/01/08/lombard-odier-the-investor-behind-blockchain-cat-bond-trade/

[dplewis1] 30/1/2018 12:22

Definitely some cautionary tales for blindly following SCSW recommendations. LUCE is an utter disaster at the moment but I think ESG is just a case of bad timing (happens to us all..!) and will ultimately be seen as a decent entry point.

[fozzie] 30/1/2018 12:05

Bought more at 9.89 and 9.86 every cloud...

[fozzie] 30/1/2018 11:08

This is indeed an unseen and unwanted development. My top ups at 11.5 - 13 looking ill timed in the extreme.

[thelung] 30/1/2018 10:24

Who's dumping?

[ali47fish] 30/1/2018 07:22

lombard odier is adding i see

[masurenguy] 26/1/2018 16:34

Latest Edison Research Report Summary

Delayed contract signings hit FY17 revenues

eServGlobal expects to report FY17 (14 months to 31 December 2017) revenues of €8.3-8.5m (A$12.1-12.4m) below its guidance range of €9.7-11m. This was due to some of the contracts expected to sign in Q417 actually being signed in January. These contracts are worth €3m/A$4.6m over three years. The company is making progress in cutting its cost base: it expects to enter FY18 with an annualised cost base of €12.8m/A$19.6m and hopes to reduce this to €12-12.5m (A$18.4-19.1m) through the course of the year.

Changes to forecasts

We have reflected the results for the 12 months to 31 October 2017 (12M17) as well as the trading update for FY17. We have reduced our revenue forecast for FY17 from A$15.2m to A$12.2m and increased our adjusted EBITDA loss forecast from A$7.6m to A$13.1m. We forecast a net cash position of A$9.7m at the end of FY17, which takes into account the €3.89m recently invested in HomeSend.

Valuation: Reflects HomeSend opportunity

Since the HomeSend update and the fund-raising in October, the share price has traded in the range of 10.25-13.15p. With funding concerns removed, we believe the market is now starting to factor the banking opportunity into the valuation of eServGlobal’s stake in HomeSend. Evidence of progress in the banking sector for HomeSend (new agreements as well as recently signed banks transitioning volumes to the platform) and pipeline conversion in the core business could support further upside to the share price. Conversely, weaker performance in the core business or slower execution for HomeSend could weigh on the share price.

Full report here: