Eu Supply Share Discussion Threads

[slicethepie] 10/5/2019 22:10

We are being stitched up, the amazing success of the new offering delivering £500k plus of annuity revenue in the first 5 five weeks is just the start and demonstrates the strength of their platform. The acquirer is getting this on the cheap and the bod is being negligent in accepting this. Sadly we have a bunch of shareholders happy to take a quick profit.

[topvest] 10/5/2019 20:52

Well done all. A reasonable offer. I looked at this, but thought it was a bit sub-scale.

[hsduk101] 10/5/2019 16:45

I see the reason, nice bid by mercell. Great timing indeed 😂

[hsduk101] 10/5/2019 16:37

Wow eu supply up 37% today!?

[smithie6] 10/5/2019 16:19

....who knows, maybe a higher bid might pop up...you never know....surely must be many high cap. cos. in the sector in USA or Asia or..
that wld see £17M as small change ...& get a nice foothold in Europe with staff, clients, ...

_____

Anyone know the turnover of the co. doing the acquiring...is it a much bigger co. ?

[rivaldo] 10/5/2019 16:00

Indeed. City Financial's bad timing was good for the rest of us :o))

[wjccghcc] 10/5/2019 15:51

Snap rivaldo :-)

[wjccghcc] 10/5/2019 15:51

18.25p in cash. Glad I added a lot after the results although it's a shame as they were just starting to deliver.

[rivaldo] 10/5/2019 15:50

Recommended offer at 18.25p :o))

That's a lovely quick - and sizeable - gain. But a shame in some ways, as long-term I'm sure EUSP could have achieved a far higher share price.

Short-term though they emphasise the need for investment, so as always on the markets there's a need to balance investment and profitability:

[mr doughnut1] 10/5/2019 15:48

SP Just jumped up. I believe it may be an offer?

[rivaldo] 02/5/2019 07:53

That's intriguing srichardson8. There's only one David Newlands that always pops up (with Monique) as large shareholders in a number of PLCs, including now EUSP, and AFAICS on Google there don't appear to be any other David Newlands with the cash to splash around in this way.

Is your friend the David Newlands who according to a bio from some years ago is "married, has four children and lives near Epsom, Surrey" and is now around 71 years old? I can see online that Monique is 51 years old, and is a "Miss". So perhaps she's one of his children rather than his wife.

[eezymunny] 01/5/2019 21:26

I don't believe it's worth speculating as to who has ever sourced shares from xyz. Just amateurish nonsense...

[srichardson8] 01/5/2019 17:32

for the record (rivaldo) that is a different David Newlands - latterly named is a personal friend of mine but no wife called Monique.

[rivaldo] 01/5/2019 10:52

City Financial were forced sellers of 5.2m shares, as they were with many other PLCs, and David Newlands has presumably bought a large chunk of those to declare now with 4.1%.

Jonas Ljungström Consulting also increased their holding recently to 4.2%, so probably picked up some of the rest.

[eezymunny] 01/5/2019 08:15

That's a big chunk to sell 4%. I wonder who the sellers are and why they've sold?

Hmmm...

[hsduk101] 01/5/2019 07:48

Thanks rivaldo. Thats a hell of a buy at 4% im oretty sure this will raise a few eyebrows and no doubt spike the share price somewhat. Ive already bought on monday, so im alalong for the ride 😊

[rivaldo] 01/5/2019 07:26

In case anyone isn't aware of David Newlands' track record - it's encouraging to see him investing privately in EUSP to this extent:



"David Newlands is a chartered accountant who has had an extensive business career. He is currently chairman of HellermannTyton plc and various other private companies. Previously, David was a partner in Deloitte, finance director of GEC plc, chairman of Tomkins plc, Britax International plc, PayPoint plc, Darty plc and Impress Cooperative UA. In Scotland, he was deputy chairman of Standard Life and a director of the Weir Group plc. His philanthropic interests included chairing the trustees for The Royal School for the Blind (SeeAbility). He was educated at the Edinburgh Academy."

[rivaldo] 30/4/2019 16:00

Nice - David Newlands has bought 4.1% of EUSP with 2.95m shares:

[hsduk101] 30/4/2019 09:16

Whats the level 2 look for this? Im guessing buys are higher then sells currently

With no real major issues and some sound financials and business model. I can also see this ticking up slowly.

[rivaldo] 30/4/2019 08:21

Good to see the price ticking up on relatively small volumes, and the full 13p offer price being paid.

Today's RNS notes the AGM will be on 30th May, so only a month until the next trading statement.

[hsduk101] 29/4/2019 13:35

25p, wow! That means well double our money on current price. Sounds like. Undervalued share at the moment, even though it is quite small. Im liking this

[rivaldo] 29/4/2019 09:30

Stockdale Securities have a Buy and a 25p target price per their latest 26th April 2019 note.

However, Stockdale have recently been bought by Shore Capital, so I doubt I'll now have access to their research, and anyway the change of ownership may prompt EUSP to change advisers. Which may be a good thing and give EUSP's marketing fresh impetus.

[hsduk101] 29/4/2019 07:53

This sounds really favourable. Good business model

Whats brokers views on this one?

[rivaldo] 28/4/2019 23:56

Commentary from Richard Holway's respected Techmarketview:



"Friday 26 April 2019
EU Supply on the up

EU Supply, the Swedish-headquartered but AIM listed public sector tender management platform grew revenue grew by 10% to £5.1m (2017: £4.7m) last year. Its SaaS focused strategy is now seeing 70% of revenues of recurring or repeatable nature up from 66% in 2017.

Having achieved its maiden profit in 2017 (see here) management will be pleased to have delivered another profitable year (operating profit of £0.4m for 2018).

EU Supply looks to have benefited from the requirement for mandatory e-tendering provisions at milestones before November 2018 in EU/EEC states. To take advantage of this limited window of opportunity the business raised a further £600k of investment in May last year primarily to further enhance its e-sourcing platform. The platform is now being used by some 8,000 European public sector bodies across 9 Member States."