Eurovestech Share Discussion Threads

[dire cons] 22/3/2010 19:07

17/03/10

LogNet: Simfonics Selects LogNet Systems for MVNO Enabling Platform

MaxBill product suite to be deployed for pan-European operation

Yoqneam, Israel (March 17, 2010) – LogNet Systems, a global provider of customer management and billing solutions for multiple play service providers, today announced that the company has been selected to deploy its MaxBill product suite for Simfonics, a pan-European Mobile Virtual Network Enabler (MVNE) offering a full managed service business model and service delivery platform.

The deployment of MaxBill will improve Simfonics' service offering for its MVNO customers with comprehensive convergent rating and charging capabilities to handle advanced prepaid, postpaid, interconnect and roaming requirements. Simfonics will also leverage MaxBill to allow its MVNO customers to manage complex, multi-layered relationships and create attractive service packages consisting of multiple voice and value added services (VAS). LogNet Systems will deploy MaxBill in a multi-tenant configuration enabling Simfonics to seamlessly support the specific customer management processes, order management workflows and billing configurations of each of its MNVO customers on a single instance of MaxBill.

"LogNet and the MaxBill solution create a win-win situation for Simfonics and our MNVO customers," said Uwe Lührig, CEO at Simfonics. "MaxBill gives us the flexibility to provide tailor made solutions configured to the individual operational requirements of each our MNVO customers, while our MNVO customers benefit from the ability to support their brands with multiple service combinations and advanced rating and charging options."

"We are proud that Simfonics will be using our multiple play solution to improve its service offering to its growing MNVO customer base," commented Kirill Rechter, CEO of LogNet Billing. "As we expand our overall market traction, Simfonics is an excellent example of how we can help service providers in any vertical market grow their businesses and efficiently rollout new services and revenue generating channels."

About LogNet Systems
LogNet Systems empowers leading service providers worldwide to navigate their businesses to greater profits. By providing a range of innovative customer management and billing solutions, LogNet Systems enables service providers to deliver a personalized and profitable customer experience, expand service and product offerings and increase operational efficiency. Solutions from LogNet Systems are based on a modular product portfolio that includes billing, rating, product catalog, CRM, self care, e-billing and data analysis. LogNet Systems has designed and deployed over 50 complex customer management and billing solutions for communications, utilities, financial and transportation service providers worldwide. LogNet Systems is headquartered in Israel and has offices and representation across EMEA, APAC and Americas.

For more information, please visit our web site at www.lognet-systems.com.


About Simfonics
Simfonics is an international MVNE with MNOs, MVNOs and M2M Players as customers and almost 1m subscribers on a centralized platform. The Simfonics Service Delivery Platform contains all relevant traffic nodes, including SMSC, MMSC, WAP and GGSN, and provides a carrier-grade SCP and real-time rating for all traffic. The core SDP is complemented by an integrated Business Support System, available as a module for our customers, enabling a fully integrated service. Simfonics serves customers in France, Spain and Germany and has offices in Madrid, Düsseldorf and New York.

Press Contact
Tony Miller
United States: [phone]
Israel: [phone]
[e-mail]

EVT hold 25.4 % of LogNet

[kenmitch] 12/3/2010 19:39

marab.

In addition to the points made by Masurenguy, far from it being a fraud you got the shares so far inside the spread that it got recorded as a sell. Whenever you can buy or sell inside the quoted spread you are getting a good price.

Separately we now have the details of the procedure for the return of cash.

[marab] 12/3/2010 17:27

Masurenguy

Thank you for the explanation. I was ignorant and now I am educated. My old man used to say you don't need to apologise for ignorance - just stupidity.

[masurenguy] 11/3/2010 23:49

It was neither fraud or any misrepresentation by any MM either. The ADVFN software just classifies a transaction as a Buy or Sell depending upon whether the price paid was above or below the midprice in the spread that applied at that time it was processed. The spread was constant all day at 15.75 - 16.50 so the midprice was 16.125. Your transaction was @16.10p so it was automatically classified as a Sell.

[marab] 11/3/2010 23:01

Bought some more of these today and checked on advfn. According to their information my buy was the only transaction of the day and was marked as a sell. How do the MMs get off with stuff like this. Out in the real world they would call it fraud.

[kenmitch] 01/3/2010 19:36

It would be a surprise if they were to reduce further in view of the excellent prospects for Toluna. OK I could have said that this time last year and been wrong, but that was before the potentially transformational Greenfields acquisition which could over the next year or so easily see the Toluna share price go up 50% or more. So it would make no sense for EVT to reduce further ahead of that.

I was a bit disappointed that they top sliced from a much bigger holding, but against that they had a massive profit - a fifty bagger from memory - and probably didn't want too many eggs in one basket.

Will Toluna or EVT see the biggest share price rise over the next year or so? Possibly Toluna, but like you I prefer EVT as a way of investing in Toluna via the EVT 30% holding as well as all the other EVT Companies and their cash. I'm tempted to buy Toluna too though.

[longshanks] 01/3/2010 17:03

Thanks for this well researched piece kenmitch. To me it makes more sense to buy EVT at the moment than TOL and have been steadily acquiring shares as funds allow.

I trust they have no plans to dilute their TOL holdings further otherwise I may want to review my policy.

[kenmitch] 01/3/2010 16:01

In case one or two haven't seen it I posted the following on Motley Fool Paulypilot's Pub earier today. fwiw I still think that the EVT share price is too low the more so after recent good news including the latest from Lognet.

"The first post on this thread (on Motley Fool) gives the basic information on Eurovestech,and detail on Toluna a successful AIM quoted Company where EVT hold just under 30%.

Since then, though progress has been good, again with examples posted on this thread,like the postive "above expectations" recent trading statement from Toluna, the Eurovestech share price has not gone up much, rising from 14.75p to the current 16.5p.

Last week came more news. First, that £7.5 million of the cash from the recent sale of KSS Retail is being returned to shareholders via a cash dividend of 2.18p a share. Though this is unexciting for smaller shareholders it is an excellent way of realising cash for their long standing Institutional shareholders like Amvescsap who have held the shares, and added, from when the share price was as low as 1.75p.

btw the delay in announcing this - it had been expected by mid February - was apparently because of technical/procedural issues and not because of disagreements behind the scenes. Their large shareholders were unanimous in support for the cash return and the decision to go for a share buyback up to £2.5 million.

On the buyback, the key thing here is to emphasise "up to." i.e EVT will go for buybacks up to £2.5 million as, when and if it is likely to be beneficial and NOT as so many other Companies seem to do and go for buybacks regardless of the level of the share price.

Examples where it could prove beneficial are with distressed sellers being forced to dump the shares. I hadn't realised this but Progressive is one such Institutional example. They are being wound up and so have been forced sellers and are now under 3%. This probably explains the disappointing share price reaction to recent excellent news like the announcement last month of a contract for KSS worth $several million with The Pantry, one of the largest Independent retailers in the US. With the facility to be able to buyback shares they could pick them up cheaply from distressed sellers.

The current EVT share price is covered by the current £37 million value of their stake in AIM quoted Toluna, and their cash. Even after handing back a lot of cash they will still have more than £5 million available for new investments. The rest of the EVT portfolio including profitable KSS, Magenta and Lognet are all in the share price for free.

Liberum in a buy note issued after the news of the return of cash said that they think that EVT will make healthy write ups to its unlisted portfolio in its 31/12/2009 Results (expected later this month). Liberum also have a buy note on Toluna, and Killik are also bullish on EVT.

One investee Company that has not been covered here is Lognet, where EVT hold 25%. This is another of their investments in the share price for free that seems to be doing very well, so I'll finish the post with information about Lognet. Also although it is disappointing that the EVT share price has not risen further, in time surely the market will recognise their success? Maybe a further rise in the price of TOLUNA following their results will provide a trigger?

There was a positive update from Lognet Information Systems a few days ago. Although no fgures are given revenues are up 216% and EBIT at 16% so they are another of the EVT investee Comapanies making profits. Lognet is at an earlier stage than the likes of KSS and Magenta, also profitable, and also in the share price for free.

A couple of other Lognet positives were the forecast of "rapid growth" and the "excellent references" they got in 2009.

"24/02/10

LogNet Systems Announces Record Financial Results for 2009

Company sees continued growth and expansion in 2010 and beyond

Yoqneam, Israel (February 24, 2010) – LogNet Systems, a global provider of customer management and billing solutions for multiple play service providers, today announced strong financial results for fiscal year 2009. Despite slow economic conditions, 2009 proved to be a record year for LogNet Systems in terms of revenue, profitability and new business momentum. The company increased total revenue by 216 percent compared with 2008 and achieved EBIT of 16 percent.

During 2009, LogNet Systems won five new customers and performed significant upgrades for several key customers, while the value of the company's pipeline has more than doubled compared with the same period last year. Looking forward to 2010, the company's management strongly believes that LogNet Systems will capitalize on existing opportunities, expand into additional vertical markets and continue the company's rapid growth.

"The strong growth that we experienced in 2009 clearly demonstrates that telecoms realized the importance of e-billing and self service for cutting their operational costs," said Taly Eshel, President of LogNet Systems. "Moreover, our multiple play billing and customer care solution for telecoms and utilities has proven to enable our customers to achieve greater profitability and we are confident that the excellent references we won in 2009 will cement the continuation of our growth."

About LogNet Systems
LogNet Systems empowers leading service providers worldwide navigate their businesses to greater profits. By providing a range of innovative customer management and billing solutions, LogNet Systems enables service providers to deliver a personalized and profitable customer experience, expand service and product offerings and increase operational efficiency. Solutions from LogNet Systems are based on a modular product portfolio that includes billing, rating, product catalog, CRM, self care, e-billing and data analysis. LogNet Systems has designed and deployed over 50 complex customer management and billing solutions for communications, utilities, financial and transportation service providers worldwide. LogNet Systems is headquartered in Israel and has offices and representation across EMEA, APAC and Americas.

For more information, please visit our web site at www.lognet-systems.com"

And for further information on Eurovestech see their website with details of all their portfolio Companies at www. eurovestech.com

[longshanks] 25/2/2010 00:02

I don't think they are doing anything particularly wrong in these moves. They are looking to close the gap between share price and NAV and this should go some way to achieving that. It is difficult for them to adopt a progressive dividend policy and these occasional lump sums (with equity option) are a good alternative.

They will still have plenty of cash left over and no doubt will be looking for decent investment opportunities to place it in.

[longshanks] 21/2/2010 07:07

Whilst this last comment was posted two years ago the sentiment is still true.

It is an elementary mistake to take profits and/or sell up too early when you have a share within your possession that has stellar potential.

I am interested to know if anyone who has seen the growth of EVT from 1.75p to today's heights has other acorns ready to become mighty oaks.

EVT still has much potential to perform further but as the risk has reduced, the potential bounty for further stellar returns has equally diminished.

So what shares are people looking at now - where are the future stars?

[longshanks] 15/2/2010 11:00

4th Jan 2010:

The Directors will be consulting with the Company's major shareholders
regarding the most efficient means of returning capital to shareholders and
expect that a further announcement will be made on or before mid-February 2010.

Come on guys - how hard can this consultation process be?

[kenmitch] 10/2/2010 20:30

Another contract win for KSS Fuels.

It hasn't done anything for the share price yet. This seems to be a pattern with a lot of smaller companies these days. Good news like contract wins either gets no response from the shares or a rise on the day that is soon given up over the next few days.

Still value will out in the end and we're due news about the surplus EVT cash fairly soon.

Meantime in case any missed it here's the key bit about the new KSS contract win.

"KSS contract win

Convenience retailer The Pantry Inc to install KSS solutions at 1,600 sites

Eurovestech is pleased to announce that its wholly-owned fuel price optimisation subsidiary, KSS Ltd ("KSS"), has won an order from The Pantry Inc ("The Pantry"), one of the largest independently operated convenience store chains in the United States. The order has a value of several million US dollars.


The Pantry has selected a suite of KSS products to provide day-to-day fuel price management and optimisation at more than 1,600 retail locations in the southeastern United States. The KSS products include PriceNet, PriceNet Web, KSS Analytics, KSS Mapping and KSS Visualizer.



The Pantry sells gasoline at most of its locations; additionally, commercial fuel is available at about 80 travel centre sites. Its primary operating banner is Kangaroo Express. The KSS products will enable it to respond more quickly to changing oil prices.


Richard Bernstein, Chief Executive of Eurovestech, said "We are delighted that such a large and important retailer as The Pantry has chosen KSS solutions to help it maximise its pricing efficiency. This is further evidence of the strength of the KSS technology and customer service offering".

[solarno lopez] 02/2/2010 06:35

Why not take an interest in their investment ZEST plc where David Lenigas has effectively under written a rights issue and joined the all for 1/10th of a penny.Zest is effectively a cash shell waiting for the Lenigas magic

[solarno lopez] 02/2/2010 06:22

JAMBO172 your posting 14 suggest you now look at ZEST and its announcments and then buy a few

[kenmitch] 01/2/2010 20:03

A bit surprising to see no posts on the excellent Toluna trading update today.

Key details

Underlying ptp expected to be over 10% ahead of expectations at £7 million.

Confirmation that the Greenfield Online acquisition - see original post for more on this - at a bargain price, is bedding in well with "significant synergies being achieved ahead of management expectations."

Strong cash flow with net cash at the year end in excess of £10 million.

Results expected in April.

Share price reaction? A gain of just 4p for Toluna and a token 0.25p for EVT.

That's a shame for those holding. Maybe a solution for more recognition of two outstanding Companies is a move to the Main Market?

Also broker Cenkos have issued another Toluna buy note today. And they anticipate upgrading their profit forecasts when the full year results are issued in April.

Aside from the better than expected profits forecast and the big increase in cash - Cenkos I think had anticipated £2.2 million for end 2010 and they have over £10 million - the other big plus today is confirmation that the Greenfield acquisition is bedding in so well and will be a key driver of future profits.

I dont know what it will take to get the EVT and Toluna share prices really moving - but at least with both in such fine fettle the downside should be very limited, and if it happens with another big market tumble then it will be a chance to buy more shares in two very successful Companies. More likely surely is that the share prices will move up further soon - and it isn't long now before EVT update on what they intend doing with the surplus cash from their recent sale of KSS Retail.

I'll post this on the Toluna thread as well - though there may not be much here that regular readers of the two threads didn't know already.

[dire cons] 01/2/2010 16:20

Market underwhelmed. Somebody rolled 1.5m EVT by the looks of things.

ToLuna PLC

("ToLuna" or the "Company")

Trading Update

for the year ended 31 December 2009

Highlights

* Revenues and underlying pre-tax profits ahead of market expectations for
2009;

* Full year revenues expected to be in excess of £49 million;

* Underlying pre-tax profit* expected to be at least £7 million - more than
10 per cent. ahead of current market forecasts;

* Integration synergies achieved ahead of management expectations;

* Net cash at year end in excess of £10 million;

* Strong 2009 performance gives confidence for further continued growth in
2010.

*before exceptional costs and business combination amortisation

[egoi] 27/1/2010 16:54

As far as I'm aware EVT still have a double figure % holding in tiny sub penny cash shell (with a couple of nondescript music interests) AIM-listed ZEST.

Activity there today - appointment of a pretty high-powered guy in the mining sector, David Lenigas.

Small fry in the scheme of things for EVT; but looks like there will be an immninent move into mining then and ZEST itself could get very interesting.

'David Lenigas holds a Bachelor of Applied Science in Mining Engineering. He has
extensive experience operating in the public company environment and is
currently Executive Chairman of Lonrho Plc, LonZim Plc, Leni Gas & Oil Plc, Solo
Oil Plc and Templar Minerals Limited, Chairman of Lonrho Mining Limited and an
Executive Director of Vatukoula Gold Mines Plc.'

[solarno lopez] 13/1/2010 06:19

No need to apologise JAMBO if the company does not know what it has got how can we. Anyway you have cleared up a mystery many thanks.

[kooba] 12/1/2010 17:28

presume they purchased a small stake in the shell to gain leverage to look to reverse an asset into...since then there was a large issue in zest which has probably diluted evt to below 3%.as it was a 50k punt that they do not seem to be losing anything on it does not seem to be the focus of value in the company...i'm a bit more interested in the toluna stake and a big lump of cash myself!!
and of course the remaining private assets such as kss fuels and mist that are currently in for nothing.

[jambo172] 12/1/2010 17:17

Solarno - I grovel in embarrassment at your feet. EVT came back and told me they do still own this. However it is less than £50k in a £50+m portfolio.
Not sure why they would buy Zest as it looks a pile of poo.
Actually it looks like a pile of not very much ...

[solarno lopez] 08/1/2010 09:26

JAMBO172

On 12 may 2008 it was announced that Eurovestech held 25,610,524 shares in ZEST representing 14.75% of the issued share capital and this was an increase in the holding.

So if they no longer hold the investment where is the announcement stating they nave gone below 3%. Notification of such a sale is a notifiable announcement!

[solarno lopez] 07/1/2010 19:17

Thanks the interesting thing is they never announced their sale and holding 14% they should have announced and I know for definite they held 14.8% something odd going on here!

[jambo172] 07/1/2010 16:16

Solarno - checked with EVT and they confirmed that they do not own any Zest.