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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Eurovestech | EVT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 6.75 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 6.75 | 6.75 |
| Top Posts |
|---|
Posted at 11/3/2014 20:49 by kenmitch Yes, decent profits. But weren't they making £1 million a good while ago? That was for the combined KSS it's true and before the retail side was sold. The rating is high, but then so it was for Toluna when Toluna was quoted, so maybe there is more upside to come. I still wish EVT were on AIM. It might well be best for them to be off it, but its not so good for their loyal long term investors. |
Posted at 03/12/2013 19:06 by kenmitch Very interesting Horndean Eagle. I now find it difficult to find such information. Since EVT left AIM I've tended to base whether or not EVT is still worth holding on news from EVT themselves and also comment from Simon Thompson, Investors Chronicle Companies Editor. He is generally very good at spotting undervalued shares and reckons, with NAV at around 16p, that EVT is seriously undervalued. But I accept that's not a good way to decide whether an investment is worth holding or buying.You say the portfolio "doesn't look in great shape." Are you able to say how you know that ,and if information in the public domain, where to find it? Obviously if you are right, then Maxifier is unlikely to join Kalibrate on AIM fairly soon. So then EVT investors are reliant on Kalibrate doing well (perhaps helped by a tipsheet like SCSW or Techinvest covering the Company) but after that by substantial increase in profits thanks to new investment,and also Toluna for any chance of being able to sell the shares much above the current price.... 7p I think. |
Posted at 29/11/2013 09:50 by kenmitch In case anyone is still here. Kalibrate (KLBT) started trading today. Price 90p to buy. Also very positive article from Simon Thompson on EVT in Investors Chronicle. |
Posted at 30/10/2013 19:11 by kenmitch Also still holding but was beginning to wonder whether to sell out until this news this week. 27/10/13 The Times Kalibrate primes pump for flotation with a new identity A Manchester-based technology company that delivers petrol pricing to the pumps has kicked off a £35 million flotation of the business. Kalibrate Technologies, which has changed its name from KSS Fuels in the run-up to the float, was founded in 1993 to develop pricing technology to sell to convenience chains and other retailers. It has slimmed down to focus on the petrol forecourt after buying the rival Market Planning Solutions in 2011. The company will seek to raise £8 million through a listing on London's junior AIM market that will be announced this morning. Kalibrate will tell investors that the potential market for its software, which also covers planning information for companies that operate fuel pumps, is worth £300 million a year, with expansion opportunities in emerging markets including Latin America and China. Kalibrate counts Tesco and BP among its 200 customers across 68 countries. Statoil, 7-Eleven and Gulf are other well-known clients. The company generated revenue of £15.47 million in the year to March and a pre-tax profit of about £1 million. Its software is used to manage more than 76 billion gallons of fuel at more than 44,000 petrol forecourts around the world. Bob Stein, the chief executive of Kalibrate, said: "If you drive around and stop to pump some fuel, the pricing you see is likely delivered by our technology. We don't set the prices, though. If you don't like the price, it is not us." Kalibrate software allows its customers to react immediately if a rival petrol station cuts prices and starts attracting customers. "You have to be able to respond in minutes. It can take two to four hours to respond manually," Mr Stein said. Historical data of how customers react to price changes or promotions is also kept so that the company's customers can determine whether a new service station would be economic. Mr Stein said: "We think of ourselves as the big data of petroleum retail." Mr Stein, who lives in the United States, said the heart of the company was in Manchester, where it develops its software and where a third of its 145 staff are based. He said that Kalibrate was the dominant player in its niche, and competed mostly with in-house systems. |
Posted at 10/9/2012 07:09 by vraic investors chronicle page 69 shows EVT WILL BE EX DIVIDEND 12 SEPT 1.32 PENCE. |
Posted at 31/8/2012 14:25 by etarip Investors Chronicle Page 14 Simon Thompson comments on Eurovestech in detail. Worth a read |
Posted at 17/8/2012 16:34 by kenmitch sbs. I don't think EVT bonus payments are based on eps. They went for buybacks because they thought the same as you've just posted, but unlike you so far, they came to the conclusion that the theory didn't work in practice and certainly didn't in their case. Hence further buybacks were quietly dropped. Indeed in any sensible world your shares should be worth more following buybacks and even worth twice as much as you point out. But some shares stay far too cheap and get even cheaper and others that are already overpriced go even higher. Often news flow, profit gains or losses change that, but not always, and sometimes not for years. Buybacks are often irrelevant. They are useful in enabling investors to sell without trashing the share price. Presumably you bought today because you think the shares are too cheap and value will out in the end? But if it didn't when EVT were quoted on AIM I can't see it being better on a matched bargain basis. Or am I missing something? |
Posted at 17/8/2012 07:42 by jojaken I take your point Jambo, but delisting the shares will just make these shares fall from the watchlist of some. And there are relatively few who still people follow it, and hardly an incentive for new investors. |
Posted at 10/4/2012 20:08 by kenmitch As I guessed would happen, the share price has done nothing (gone down in fact) since the flurry of posts here following the Investors Chronicle article. Recent results passed without comment as did the positive write up in Investors Chronicle. I've posted the following on Mike Walters website. "I posted about Eurovestech for years but then gave up because also for years the share price has done nothing despite EVT hardly putting a foot wrong. That still applies with the share price now down to 9.5p to buy and at a big discount to current NAV of 16.6p. Until the share price starts to wake up it is probably safe to watch and wait, though I added more following Simon Thompson (Investors Chronicle Companies Editor)including EVT in his bargain shares list in February. Eurovestech issued their results on 29th March. ADVFN competitor.com/actio There are so many positives and so much potential that I can't resist posting some of the details. Before a few facts and figures let's start at the end with the important "Prospects" paragraph as that really caught the eye! Comment there included this huge plus with markets and economic news so iffy.... "EVT is largely unaffected by different economic conditions. Our individual Companies serve specific needs, and are unaffected by gross economic measures... the markets our portfolio of companies serve in are in RUDE HEALTH (my capitals). We view the future in a fashion that is tinged with reality, but in a manner that brims with confidence." WOW! So what evidence is there in the results to back this up? 1. Initially not the profits, since they moved from profits of £0.6 million last time to a loss of £2.2 million this time. BUT profits are volatile and EVT explained why years ago. Companies like this are best judged on their NAV. Anyway the reason for the loss was that this time there were no disposal profits and there were exceptional charges at otherwise very successful KSS because KSS bought a close rival. 2. NAV was actually up 4% over the 6 months. 3. 4p in cash was returned in October last year to add to the 2.18p returned in 2010. They floated at 5p so have now returned more than that in cash. And some of us bought the shares as low as 1.75p. 4. TOLUNA - now ITW Acquisitions Ltd, and now a private company is still doing well for EVT. EVT originally staked £2 million. They have already banked a £40 million profit for a 20 bagger and still own 10%, and £12.2 million of loan notes. Investors Chronicle covered their results last week, concluding "BUY." I/C point out that in two months these loan notes mature, meaning Eurovestech either get £12.2 million more cash, or their stake in very successful Toluna will increase from 10 to 16%. Eurovestech say they are "confident about Toluna's continuing growth prospects." 5. Revenues from their other star company KSS Fuels rose to £7.1 million and are forecast to rise to £12.8 million to year ending in June 2012. And integrating the KSS acquisition should bring annual cost savings around £1.2 million. Indeed KSS Fuels is thriving. KSS has won new contracts since the year end and EVBT have now increased the carrying value of KSS Fuels to £13 million from £9.5 million. KSS is 100% owned by EVT. EVT also have large stakes in 4 other companies. 1. AUDIONAMIX. Sound Separation Technologies. EVT owns 45.5%. Revenues grew rapidly in 2011 but EVT say its advances are modest relative to potential. Accordingly AUDIONAMIX is targeting further substantial growth. 2. MAXIFIER. On line advertising technology solution - increased the effectiveness of adverts. EVT owns 49.9%. Maxifier won a number of new contracts and "several significant contract wins in recent weeks." But further funding will be needed and EVT will be joining in. "Maxifier's success and technological strength is becoming widely recognised" EVT claim. 3. LOGNET INFORMATION SYSTEMS. Billing and ebilling solutions. EVT owns 26.5%. Promising and profitable. 4. MAGENTA. Real time dynamic software scheduling in the transportation industry. EVT owns 49.6% Profits of £381,000 and generating enough cash to fund its growth. According to the Investors Chronicle update, two of EVT's investments may float.. They also say that there seem to be a number of investors keen to buy in to Maxifier. And I/C comment on the recent deal between EVT and Cenkos where for £900,000 Cenkos has agreed to pay EVT a proportion of any commission earned from clients introduced by EVT. Cenkos will also provide discounted commission rates on funds raised for EVT and its investee and associated companies. Also worth mentioning is that Richard Bernstein EVT C/E is still encouraging other Companies to follow EVT in donating shares to charities.They have recently issues another 1,100,000 to several very worthwhile charities with listing costs of £11,000 funded by Richard Bernstein, and since floating have gifted shares worth more than £2 million to over 100 charities. So though for ages the share price has done nothing, there is plenty to suggest that before too much longer that will change. I've held the shares for years and one big plus point is that even in the worst of market falls the share price holds steady, as it does unfortunately when many other shares are going up!BUT this is a share that won't give any sleepless nights and that has a lot of upside potential in time." |
Posted at 10/2/2012 09:19 by kenmitch Agree about the overhang. As for the share price it needs investors to buy to move it up at long last. Maybe the fact that Eurovestech was included in the I/C list of bargain shares today will help? I don't think (and hope they won't) waste any more on buybacks. Better if really having nothing to do with the spare cash to return it (in cash) directly to shareholders again so that they actually see it.Here's the I/C comment. "Eurovestech (EVT) Aim: pan-European development capital fund Share price: 9.25p Bid-offer spread: 9-9.5p Market capitalisation: £30.5m Website: www.eurovestech.co.u Long-term shareholders in pan-European development capital fund Eurovestech have been well rewarded for their loyalty. Since floating at 5p a share in March 2000, the company has returned 6p a share of cash to investors and they are still holding shares worth 9.25p each. There should be more upside to come because other investors have clearly failed to grasp the significance of a complicated deal Eurovestech completed last year. It is only a matter of time before they do. That's because when ToLuna, a leading independent provider of online panels, communities and technology services to the market research industry, was bought by ITWP in a £161m takeover last April, Eurovestech's 29.5 per cent stake in Toluna was valued at £48m, an eye-watering 24 times its £2m investment back in 2000. As part of the acquisition, Eurovestech received a 9.8 per cent stake in ITWP worth £11.6m, discounted 'B' and 'C' loan notes worth £12.2m and a further £25m of bank guaranteed loan notes. ITWP is backed by Verlinvest, a Belgian family-owned investment holding company, which has a 44.9 per cent stake in ITWP and retains loan notes worth £10m. The other major shareholder in ITWP is Invesco with a 37.1 per cent stake and £8.5m of discounted 'C' loan notes. Those loan notes are of great interest to me because having redeemed the £25m of bank guaranteed notes last year, the discounted notes are due to mature in June. In my view, ITWP controlling shareholders have every reason to use Toluna's strong cash generation - the company reported positive operational cash flow of £15.8m and had year-end net cash of £13.2m in 2010 - to redeem the loan notes otherwise they will automatically convert into equity. If that were to happen it would raise Eurovestech's stake in ITWP to 16.4 per cent, dilute Verlinvest's interest to 42.1 per cent and Invesco's interest to 34.8 per cent. It would also dilute the stake of Frédéric-Charles Petit, Toluna's founder and CEO, to 6.6 per cent. The significance of this has clearly been lost on investors who have failed to grasp that £22.1m of Eurovestech's pro-forma net asset value of £46.6m could be in cash by end June this year. To put this into perspective, the company only has a market value of £29.7m. Moreover, it's not as if Eurovestech's other investments are not performing well as the directors have raised the carrying value of wholly owned subsidiary KSS Fuels, a global leader of fuels pricing and retail network planning solutions, from £9.5m to £13m on the back of bumper trading in November. Trading 34 per cent below a conservative calculation of Eurovestech's pro-forma net asset value and on a bargain rating of 0.67, the shares offer great value at 9.25p especially since the company could be sitting on net cash of 6.7p a share by the end of June if the loan notes are redeemed." |
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