Eurovestech Share Discussion Threads

[ozz2] 07/4/2011 18:14

Yes kenmitch I was there at the right time, thanks for the upgrade inf' on evt,and I seem to recall you mentioning brainjuicer on that excellent board of MW.
But I have to be soooooo careful what I choose to put my money on now, I am still in there (EVT) but will be looking to add on any significant fall.Someone is selling a few recently, but they are soon picked up by others.

I will take a closer look at brainjuicer and Net dimensions shortly.

That holiday thinned my cash out right enough.

cheers ozz2

[kenmitch] 07/4/2011 12:03

Thanks longshanks.

Your attitude to Brainjuicer is similar to what mine used to be with EVT. Even now I can't bring myself to sell even when confident that the share price isn't going to to much for a good while. It has been a fantastic investment - but earlier in the last decade than for the last few years. Even so with the TOL spin off and then TOL going private I've no complaints as while EVT shares have done little the gain has come from TOL instead.

So far on Brainjuicer I haven't looked beyond the last results and your posts. But it seems very promising.

I also agree totally re Net Dimensions. I bought when EVT did and am well down on that buy. I've added more a couple of times, including last month. Results are due very soon. The profit warning ahead of them seemed to be for one off reasons and prospects looked very promising. We'll soon know more.

I agree EVT are likely to be looking at a turn. They usually succeed though this time they are down for now, so they (and we) might have to wait for decent gains.

[longshanks] 07/4/2011 09:56

I am here too kenmitch. I think EVT is a good and safe (if boring) investment that will deliver over time and I have a core holding in that respect.

Thanks for the "high" praise about Brainjuicer. I have some existential anxt when it comes to that company. All my experience and investment nouse tells me that you shouldn't get emotionally attached to investments and yet I find myself drawn into their hopes and plans like a naive and immature novice investor. I probably have too much of my portfolio invested in them - but I keep on thinking it could be the equivalent of Google in the Market Research arena - and who wouldn't want to have been overweight in Google 10 years ago.

Another company that I like the look of is NetDimensions (an investee company of EVT). With only 25m shares and a market cap of less than £6m it is quite possible to develop a decent stake before the market wakes up to them being on the verge of decent profitability and sustained growth. They are already seeing the growth in revenue as will be born out in the results this month and profits will follow I am sure. I somehow feel that EVT are only looking at a turn on their investment rather than holding for a long term gain and so I am building up a direct NETD holding as well as with EVT itself.

[kenmitch] 06/4/2011 16:48

At least you were there at the right time ozz2. Must have made you think when you saw how badly the Cathedral had been hit. Apparently they built the tower at the side and not on top just in case of earthquakes. Maybe that decision saved some lives.

Anyway re EVT. Their results were out last week. Unnoticed and nothing spectacular in them. More of the same really - KSS doing well and 15% better than last time but as last time 15% better than what. No figures then or now. Other investee companies also doing well but with NAV around 20p nothing to send the share price higher.

I'm happy to hold - as eventually holders at this price look sure to make a good profit when something happens - e.g the rest of KSS going to a bid or sale - to lift NAV. But until there is more proper news (i.e not just another KSS contract win, good though that would be) I can't see the share price doing much.

Equally current NAV provides strong support. So in the unlikely event of the share price falling a couple of pence THEN EVT would become a strong buy. Until then it is a "be very patient" hold. And that's what EVT has been for ages really.

I really like the charitable donations. A shame it hasn't caught on with other Companies.

The other plus for holding is always the chance of value being outed with sudden good news as happened with TOL.

Finally I've bought Brainjuicer recently following a strong hint to do so by a good poster on the TOL bb (or was it this one?) I nearly bought that one ages ago and should have! It seems the obvious place for TOL funds due very soon now. Have a look at their excellent results last month and also the posts from longshanks who seems well informed on the Brainjuicer thread on ADVFN.

[ozz2] 28/3/2011 20:07

I see you are right again kenmitch--no movement yet.(Back on home territory now)

Yes tragic for such a lovely little City.
I was fortunate to miss the quake by 10 days, the fact that I was in that very Cathedral leaving a prayer to be said for my brother. this in itself brought it even closer.

[kenmitch] 01/3/2011 09:53

ozz2.

Hope you're enjoying your time in N/Z and Australia, and hope too that you were well away from Christchurch.

fwiw - my guess is that you won't be missing much short term if not following TOL/EVT news closely.

[a0148009] 23/2/2011 10:40

Will be interesting to see where the recent disposal was placed.

AO

[ozz2] 19/2/2011 08:30

kenmich, I agree with all your points re post--20 Jan'11 - 14:35 - 84 of 91, nice to see it ticking up.
It certainly was a surprise to me when I opened my portfolio today, I have been in N/Z and Australia. Holidaying so didn't have any time to logon.
I will have to keep a closer eye on it, as I won't be home until late March.

[kenmitch] 16/2/2011 08:50

Posted the following on the TOL bb.

A brilliant deal for TOL shareholders - all the better for being in cash thanks to the arrangement by EVT and Invesco to make that possible.With short term risks for Toluna and the need for more investment this looks an ideal time to take the Company private and I'm very pleased with the price too. Without such a deal now, and bearing in mind the trading update, it is unlikely that the Toluna share price would have done much and might even have come under short term pressure. OK that would have provided TOL investors with a chance to top up lower ahead of strong performance, but that could have meant another year or two, instead of which we get a 30% uplift in the share price now and are able to realise the profit.

This is all good news for EVT shareholders too, and EVT will now have more time for their other very promising investments and they are going to have a lot more cash from June too. EVT shares are far too low even after the bounce following the TOL news and look well worth buying and there should be very little downside risk with that substantial discount to NAV. And if the share price does drift lower then EVT will be an even better buy.

This is yet another example of Richard Bernstein's deal making and Management qualities.

Yes, the EVT share price performance has been disappointing but in the end again they have pulled a rabbit out of the hat.

[jambo172] 14/2/2011 09:23

Big slug of cash (£25m) to come back at end of June.
Still ongoing interest in high growth company.
Rest on portfolio worth £25m valued at £8m.
Price still wrong.
No offers in the market.

[a0148009] 14/2/2011 08:56

NAV per share including this deal 21p ish.

AO

[dd776] 14/2/2011 08:56

not many trades anyway. the usual so tiring to watch

[a0148009] 14/2/2011 08:34

Market makers got the opening price wrong no size at 16p.

AO

[kooba] 14/2/2011 08:00

toluna deal worth current market cap £47m then we have other assets of £24m.would expect another decent cash return in june when a lump of the cash comes through.

[a0148009] 14/2/2011 07:58

Good start to the week.

Proposed Sale of Investment in ToLuna

AO

[kenmitch] 20/1/2011 14:35

True ozz2! The share price did do very well when bouncing from under 2p to 24p, but since then (over the last few years really) it has been very disappointing despite enormous progress from Toluna especially.

I don't think EVT have played it as well as they might have. Presumbably since the share price has disappointed for ages now others must think that too?

e.g Toluna is a fantastic business and imo it would have been far better continuing to own the full stake as it would be worth a lot more now and I'm sure the EVT share price would be higher now too if they still held around half the shares.

OK you could argue that it is risky having too much staked in that one Company BUT at least all the while Toluna was outperformning and with no sign of that changing why sell?

Where has that money gone? From memory some has been invested in Magenta - but Magenta has been a big disappointment. Some has been invested in Net Dimensions and the value of that stake has gone down (ditto my buy Net Dimensions at the same time). But they have a good record buying stakes in Companies they perceive to be undervalued so we might get good news on this in time.

Some of the money was wasted on share buybacks. I loathe them and normally sell all my shares if a Company I'm invested in goes for them as they really should find something more worthwhile to spend the money on. What has the buyback done for the share price - zilch. And that's usually the case with buybacks. OK buybacks can mean sellers who want out can get out without trashing the share price. BUT if they thought the share price was going to go up, or if it was going up instead of spending months on end doing nothing, they might not want out.

The reason I've broken my "sell when they buyback" rule is because there are so many plus points including quality Management and TOLUNA, and I still think that despite disagreeing re selling too much of their TOL stake and the buybacks.

And the share price is ticking up again. Hope that continues and that there is maybe something behind it. It could be, as someone here suggested a rise ahead of a profits ahead of expectations update from Toluna next month.

[ozz2] 19/1/2011 18:06

I remember you saying that around 10 years ago--lol

But as you say it's nice to see some buying, long may it remain so.

[kenmitch] 19/1/2011 16:48

And another little bounce today. Hope it lasts as the share price has been too low for far far too long. We don't want to see a double top now just above the recent double bottom lol.

Time for the shares at last to reflect their true value but don't hold your breath as some of us were saying that last year and the year before that and the year before that... but in the end with quality investments patience is rewarded. Hardly surprising though that some who used to post on EVT have moved on.

[ozz2] 13/1/2011 17:45

lol--missed that ken

[kenmitch] 12/1/2011 17:47

I hadn't thought of that! Trouble is the top isn't much higher than the double bottom.

[ozz2] 12/1/2011 14:35

Well it's a nice double bottom that formed, not that I know anything about these chartist sayings--perhaps it doesn't apply to EVT??

[kenmitch] 12/1/2011 11:44

And now they've stopped seeing value again! More patience required.

[a0148009] 11/1/2011 11:09

You have answered your own questions - it is a small company with poor liquidity in the shares with small investors seeking value on a share price that has been static for some time.

AO

[kenmitch] 11/1/2011 09:28

Yes. Those reasons are also known - see previous posts here and also on the TOL bb where there is loads of detail on the plus cases for both TOL and EVT.

It doesn't explain why the share is price moving up after months of doing nothing.

Maybe investors waking up at last to the fact that the shares are too cheap.

Or some will claim that the buybacks worked, though if that is the reason it's taken a very long time! I would much have preferred them to invest the spare cash on another undervalued gem, the thing that they are go good at, rather than see it disappear on buybacks.

[a0148009] 10/1/2011 23:17

EVT owns 29.6 of TOL from which a strong trading statement is expected beginning FEB. Plus other reasons given in previous post.

AO