Eurovestech Share Discussion Threads

[rambutan2] 29/6/2006 12:24

good news...
("ToLuna" or the "Company")

Notifiable interest

The Company was notified that following a sale earlier today of 2,245,000
ordinary shares to institutional buyers at 130p, equivalent to 6.25 per cent.,
Eurovestech plc now holds 20,475,300 ordinary shares in ToLuna, equivalent to
57.01 per cent of the issued share capital of the Company.

[kenmitch] 27/4/2006 20:50

Very quiet here.

T and G reiterated their "strong buy" advice after TOL's excellent results.

Pointed out that TOL was doing very well across all three of their core lines of business - panel access, panel building and access to technology. Also pointed out the huge increase in TOL's profits from £34,000 to PBT £756,000.

They reckon EVT NAV is around 24-25p a share. i.e like Lord Orphan, it seems they too think the rest of EVT is worth more than 5 or 6p a share.

They point out that EVT seems perenially to trade at a no doubt liquidity related discount to this asset value, but think the discount is excessive. Hence their "strong buy" advice.

[lord orphan] 04/4/2006 12:38

Value of TOL stake up to 11p per EVT share by my calcs. The rest has to be worth more than that.

[integer] 24/2/2006 20:51

SAP link for KSS

[lord orphan] 22/2/2006 12:43

Interesting development. If it was EVT, wouldn't they have said something. Besides the two models are different. At PDT the manager takes a fee for managing the investments whereas EVT actually own the investments on their balance sheet and bear all the management team's costs.

[rambutan2] 21/2/2006 23:57

interesting rns from pdt today. i wonder if...

Since this announcement was made, the Manager has been in detailed discussions
with a third party fund manager which may or may not result in a merger of their respective teams.


perhaps.
perhaps not.

[integer] 13/2/2006 21:04

website has been refreshed.....

[rambutan2] 29/1/2006 01:21

yes, encouraging win.

[integer] 27/1/2006 23:42

New contract win for KSS. From an existing customer but different product. Nice to see.....

[handycam] 23/1/2006 19:56

15.5 pence is still the wrong price, in my opinion.

[bitterlemontart] 19/1/2006 14:10

Holding(s) in Company

RNS Number:1661X
Prelude Trust PLC
19 January 2006


SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Prelude Trust plc
...............................................................


2. Name of shareholder having a major interest

Eurovestech plc
...............................................................


3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

...............................................................

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Eurovestech plc
...............................................................


5. Number of shares / amount of stock acquired

n/a
...............................................................


6. Percentage of issued class

n/a
...............................................................


7. Number of shares / amount of stock disposed

500,000
...............................................................


8. Percentage of issued class

1.364%
...............................................................


9. Class of security

Ordinary Shares of 5p each
...............................................................


10. Date of transaction

12 January 2006
...............................................................


11. Date company informed

17 January 2006
...............................................................


12. Total holding following this notification

Not advised by shareholder
...............................................................


13. Total percentage holding of issued class following this notification

Not advised by shareholder
...............................................................


14. Any additional information

Holding advised by shareholder as being less than 3% of issued class
...............................................................


15. Name of contact and telephone number for queries

Giorgio Reggiani
Company Secretary
...............................................................


16. Name and signature of authorised company official responsible for making
this notification

Giorgio Reggiani
01954 288090
...............................................................


Date of notification

19 January 2006
...............................................................

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.




This information is provided by RNS
The company news service from the London Stock Exchange

[rambutan2] 19/1/2006 13:37

we've sold 500k of pdt, at a nice profit...

[lord orphan] 19/1/2006 10:35

I think you're right. Have a look at www.hmrc.gov.uk/leaflets/cgt1.pdf or consult an accountant.

[bitterlemontart] 18/1/2006 20:10

Is it correct that an AIM share that is sold, but subsequently repurchased within 30 days is deemed to be neutral with regards to business taper relief ?


Example :-

AIM share purchased {100,000 shares} in April 2003 and then sold in October 2004....meaning 1 year + holding period i.e. 50% BTR....

The shares were then repurchased within 30 days....and then sold a year later....meaning a total holding period of more than 2 years i.e. 100% BTR....


My point being that if you repurchase AIM shares within the 30 days that the business taper relief {BTR} is maintained....is this true ?

Any comments ?

[lord orphan] 23/12/2005 10:21

I think Bernstein and Woodford are friends, so he's hardly likely to be stuffing a mate. However it does kind of suggest he sees more upside in something else. Wonder what it is?

[kenmitch] 23/12/2005 08:59

I think Richard Bernstein holds 19 million warrants. The expiry date of these was extended to 2010 this year, and the exercise price upped from 10p to 20p.

As for the sale of his shares. I stress the following is guesswork. I normally dislike seeing big Director sales, but think this one could well be an exception. A couple of reasons. It is clear that Institutional support for EVT is VERY strong. Otherwise this would have been an opportunity for another Institution to unload their holding and take massive profits so that Invesco could get a decent stake. It could be that this was the only way that Invesco could get their hands on such a sizeable stake. i.e current Institutional EVT holders are not prepared to sell. If that is the case then that's very positive.

Another idle thought. Things look potentially very exciting at Toluna next year... a possibility that RB could put some of the proceeds into TOL shares? otoh only about 10% of Tol shares available now, and Institutions may well be looking to buy those too, but be unable to do so, so maybe not.

But fwiw nothing in this news to worry about imo. The opposite in fact. 2006 could be a very exciting year for EVT fans. Toluna - time to play catch up with YOU.Very positive trading/profits news likely. YOU shares have more than doubled, TOL "only" up 50% so far. KSS - almost certainly more good news to come. And always the chance that someone will buy the Company. And news of real progress at Magenta? Remains a gem of an investment imo and with luck next year the shares will have a really good run.

So good luck and seasonal greetings to all.

[bitterlemontart] 23/12/2005 07:22

This news can only be viewed as being highly positive in my book....

[rambutan2] 23/12/2005 00:31

he does hold a big bunch of wrrs, although i've not got figs to hand.

[integer] 22/12/2005 20:48

Good that Investco bought but I wonder why RB sold? Either he needed the cash or he's not as confident in the medium term success of the company. I think and hope its the former.

[bitterlemontart] 22/12/2005 19:50

Eurovestech CEO sells 20 mln shares to Invesco Perpetual; now largest owner

LONDON (AFX) - Eurovestech PLC, the pan-European high-technology development
capital fund, said that founder and CEO Richard Bernstein has sold 20 mln shares
in the company to Invesco Perpetual at 14.625 pence per share.
This makes Invesco Perpetual Eurovestech's largest single shareholder.
Bernstein is now the third largest shareholder with 41 mln shares, or 13.11
pct of Eurovestech's ordinary capital.
[e-mail]

[bitterlemontart] 22/12/2005 19:49

Director/PDMR Shareholding

22nd December, 2005

Eurovestech Plc ("Eurovestech") or (the "Company")

Director's Shareholding

Eurovestech, the pan-European, high-technology development capital fund, is
pleased to announce that Invesco Perpetual is to become the largest single
shareholder in the Company, following the purchase of 20,000,000 shares from
Richard Bernstein, Eurovestech's founder and chief executive at 14.625p per
share.

Mr Bernstein now becomes the third largest investor in Eurovestech, his
remaining holding comprising 41 million shares, representing 13.11 per cent of
the ordinary share capital of the Company.

Enquiries

Rick Grogan, Chairman, 020 7584 2333

Richard Bernstein, Chief Executive, 020 7491 0770



END

[tommyttrades] 22/12/2005 19:14

These have been bought by Investec ...good sign with institution taking such a positive stance

[bitterlemontart] 22/12/2005 15:25

20 MILLION EVT shares X 2 traded at circa mid price ?!?!?

[mangal] 19/12/2005 17:07

jdschwartz, if you are still around, can you please include charts in the header?