Eurovestech Share Discussion Threads

[rambutan2] 21/7/2004 13:42

theyve added another 500k. cant emphasise enough how carefull an investor peter spiller is. he only backs certs...

The Company has received notification that following recent transactions CG
Asset Management Limited holds, on behalf of its clients, 13,750,000 ordinary
shares in the Company, representing 5.21 per cent. of the issued share capital
of the Company.

These shares are held as follows;

Capital Gearing Trust plc 8,250,000 3.13%

C G Portfolio Fund Limited 5,500,000 2.08%

[rambutan2] 14/6/2004 12:59

rang, and they said they not yet decided but could be anytime between now and sept! i said that why be so vague, and that end-march update was worded in a misleading way then. they didnt disagree, but wouldnt add to what theyd said. took my number and might get back in touch...

[rambutan2] 13/6/2004 18:00

will do so tomorrow.

[janus62] 13/6/2004 17:47

The intrims in March were up to the six months ended 30 September 2003
The year end this year was indeed 31/3/04 but it then takes several months to prepare them ie the finals for 2003 were up to the year end 31/3/03 but not issued until 18/9/03. You could be correct in that they are doing them quicker this time but I doubt it.

Drop them a mail [e-mail]

[janus62] 13/6/2004 17:03

Finals were in September for the last two years, no reason to think different this year.

[rambutan2] 13/6/2004 16:03

see above.

[rambutan2] 11/6/2004 16:14

two significant top ups by cg and svm this week. they no fools!
anyone any idea when results due?

[jasondkinghcl] 25/5/2004 13:45

Does anybody have anything recent to add opinion wise regarding EVT? in the short medium and long term?

[absolute returns] 31/3/2004 06:22

To be embargoed until 7.00am on

31 March 2004

Eurovestech plc ("Eurovestech")

Year-end update

In advance of Eurovestech's year-end,the Directors of Eurovestech ("the
Directors") are providing an update on recent developments.

Investment gains and indemnity update

The results for the year will exceed the Directors' expectations. The results
will be substantially influenced by thegain of more than ?400,000 realised on
our investment in Arc International plc.

The Directors are also pleased to report that earlier this month ?180,000 was
returned to Eurovestech from an escrow account. The account was established
when Eurovestechbought Knowledge Support Systems Limited in June 2003. At the
time Eurovestech paid ?250,000 into the account to cover claims brought by a
former director for loss of office. Having achieved an amicable settlement with
the former director, this litigation risk has now been removed.

Portfolio Development

Cjudge Limited (`Cjudge')

In December 2003 Eurovestech announced that it was in advanced discussions with
Cjudge's management in order to assess how best to capitalise on Cjudge's
growing success. These discussions have been successfully concluded with
Eurovestech investing an additional Euro600,000 to increase its shareholding from
73 per cent. to 77 per cent. of the fully diluted share capital. Euro300,000 of
this investment has already been made with the balance payable in April 2004.

The Directors are pleased to report that in recent months, as well as enjoying
continuing turnover growth in France, Cjudge has been enjoying strongly
increasing international demand for its products and services.

In Eurovestech's 2002 results, the Directors reduced the carrying value of the
initial Euro2 million investment in Cjudge by 90 per cent. to reflect the general
decline in business conditions at that time. This resulted in a write down of ?
1,084,000. In view of both the recovery in general business conditions and the
significant progress that Cjudge has made, the Directors believe that it would
be misleading to retain the carrying value at the current level and, as a
result, intend to value theCjudge investment at cost. This will result in a
credit in the current year of ?1,084,000 subject to currency translation
differences.

Magenta Corporation Limited (`Magenta')

In November 2003, Eurovestech announced that Magenta had won a significant
order from a leading shipping management firm based in London. This has
underpinned the current valuation. The Directors are pleased to report that
Magenta's software has now been implemented successfully. They are
encouraged with Magenta's recent progress and as a result are now in advanced
discussions with Magenta's management as to how best to fully capitalise on its
exciting prospects. Eurovestech currently owns 33 per cent. of Magenta's fully
diluted share capital.

Boxmind Limited (`Boxmind')

InSeptember 2003, Eurovestech reported that the delay in targeting relevant
content as a result of the significant uncertainty of the existing GCSE and
A-level structures within higher education was impacting our revenue
expectations for Boxmind. WhilstBoxmind has significantly reduced its cost
base in line with these reduced revenue expectations, the Directors believe
that Boxmind's prospects have become increasingly difficult. As a result,
Eurovestech is in detailed discussions with potential purchasers of the entire
share capital of Boxmind. The Directors recognise that the terms of any sale
will reflect the difficulties that Boxmind has encountered and is likely to be
at a price which represents a very substantial discount to Eurovestech's
?1.25million cost of investment.

KSS Limited (`KSS')

In Eurovestech's interim results (published in December 2003), the Company
increased the carrying value of KSS to its net cash of ?4.2 million rather than
retaining a value of the purchase price of ?1m.The Directors intend to retain
this book value on the grounds of consistency.

In December 2003, Eurovestech announced that the management of KSS believed
that the company would be strongly cash generative in 2004 and earlier this
month it was reportedthat KSS had secured a significant contract from a US
retailer of petroleum.

The Directors are pleased to report that, earlier this year, KSS successfully
negotiated a surrender of its lease on surplus office space. This has resulted
in the release ofa previously paid rental deposit of more than ?300,000.

Mykindaplace Limited (`MKP')

In Eurovestech's 2002 annual results, the carrying value of MKP was reduced by
57 per cent. to reflect the general decline in business conditions at that
time. Thisresulted in a write down of ?223,000. In view of both the recovery
in general business conditions and the specific progress that MKP has made, the
Directors believe that it would be misleading to retain the carrying value at
the current level and as a result, they intend to value Eurovestech's
investment at cost. This will result in a credit in the current year of ?
223,000.

In August 2003, Eurovestech announced that MKP had reached profitability. MKP
has continued to trade strongly with growing profitability in recent months.
Eurovestech owns 5.3 per cent. of MKP's fully diluted share capital.

Tevet Process Control Technologies Limited (`Tevet')

The Directors report that last week Eurovestech signed a term sheet relating to
a proposed investmentof $150,000 in Tevet, as part of a $4.5 million
funding round, after which Eurovestech will own 3.8 per cent. of Tevet's fully
diluted share capital. The Directors are pleased by the calibre of new
investors and believe that these funds will allow Tevet to fully capitalise on
its growth prospects.

Enquiries:

Richard Bernstein, Chief Executive Tel: [phone]

[lyceeuk] 10/3/2004 10:48

another major deal from kss

[graham_brown1] 18/2/2004 12:39

Moving back up again.
From UK WIRE:
17 February 2004
EUROVESTECH PLC ('the Company')
Issue of equity

The Company announces the appointment of Dusko Lukic as Senior Project Manager
with immediate effect. Mr. Lukic has 18 years experience of the European
Stockmarkets, working as an Institutional Stockbroker at Salomon Brothers,
Schroder Securities, and latterly, as a Director of Cazenove.

[graham_brown1] 17/2/2004 12:32

From UK Wire
17 February 2004
EUROVESTECH PLC ('the Company')
Issue of equity
The Company announces the appointment of Dusko Lukic as Senior Project Manager
with immediate effect. Mr. Lukic has 18 years experience of the European
Stockmarkets, working as an Institutional Stockbroker at Salomon Brothers,
Schroder Securities, and latterly, as a Director of Cazenove.

[graham_brown1] 17/2/2004 10:23

From UK WIRE:
17 February 2004
EUROVESTECH PLC ('the Company')
Issue of equity

The Company announces the appointment of Dusko Lukic as Senior Project Manager
with immediate effect. Mr. Lukic has 18 years experience of the European
Stockmarkets, working as an Institutional Stockbroker at Salomon Brothers,
Schroder Securities, and latterly, as a Director of Cazenove.

[absolute returns] 27/1/2004 17:18

Whats the latest then boys and girls ?

[this_is_me] 15/12/2003 10:16

It looks like a good opportunity to buy after last weeks retracement. On the up again today.

[riskblue] 02/12/2003 12:15

Well there's the news. Big volumes today, mostly seem to be buys. All very encouraging. Interims due next week I think.

sorry wrong there, looks to be around 17th Dec

[janus62] 02/12/2003 09:45

Eurovestech PLC
02 December 2003


2 December 2003

Eurovestech Plc ('Eurovestech')

Knowledge Support Systems Limited ('KSS') Trading Update

Eurovestech is pleased to report that in recent months, KSS, which was acquired
on 27 June this year, has secured significant new orders in both its petrol and
retail businesses. As a result, the business is trading materially ahead of our
expectations. Furthermore, the management of KSS now believes that the company
will be strongly cash generative in 2004. At 30 September 2003, KSS's net cash
was £4.2 million.

KSS provides pricing and revenue management solutions for the retail and
petroleum industries.

Within the petroleum division, KSS has recently won a €2.1 million contract
from a major European fuels retailer and has secured an extension to an existing
licence agreement with a US fuels retailer. These transactions will continue to
strengthen KSS's reference base.

Within the retail division, KSS has won a £0.3m first stage order from a large
US retailer. This customer relationship has allowed KSS to enhance its retail
product offerings. In addition, KSS has secured an order for consulting services
from a major European grocer and is now pursuing other significant opportunities
in the retail sector.

KSS's operations have been successfully restructured with operating expenses
significantly reduced and the business effectively streamlined, while all key
staff has been retained.

Richard Bernstein, Chief Executive of Eurovestech commented: 'Since completing
the acquisition of KSS, we worked with the senior management, to implement a
major cost cutting exercise combined with a tight focus on winning substantial
new business. We are naturally delighted with both the pace and number of recent
significant client wins and we continue to work closely with KSS's management to
try and ensure that the business continues to build on its success. '



Further enquiries:

Eurovestech Plc


Richard Bernstein
Chief Executive Tel: [phone]

[graham_brown1] 01/12/2003 23:51

The balance sheet certainly isn't attractive???

[riskblue] 01/12/2003 15:12

Nice consistent and steady rising trend without much newsflow. Anyone know of any reasons/rumours that are helping the rise?

[greg the grinch] 12/11/2003 10:38

They dont call it the march lows for nothing.
if you look at a list of the aim stocks and their recent lows you will find on average things have almost tripled and in many cases x4 x5 x6 you name it.
The initial losses on the aim were mainly fear based.
Adding to that, companies have released good news such as magenta have just secured a big contract and you could easily see that share jump in multiples.
4.7 x 3 = 14.1. is the minimum with no good news which there has been.
I think now magentas cash rich future is assured its value must of rocketed.
put a 14 pe on that and work it out.
As for cjudge then add that on again and we are only talking about two of the investments.
unfortunately its sentiment that drives the market so I can only guess that there is no smoke without fire.
One of the companies must have some great news or one of them must be a takeover target.
good luck all.

[graham_brown1] 12/11/2003 08:12

Looking at the Balance Sheet the assets for y/e March 2003 just about halved at £4.7m. The Market Cap is currently £28m.
The share price has been steadily rising since June from 2p to 11p, there has been a couple of announcements re there investments in CJudge a Paris based online market research company of which they own 73%, and Magenta an intelligent software agent developer of which they own 33%, and MKP an online magazine of which they own 5.3%. There would have to be a miraculous improvement in the asset value to match the current MC, perhaps there has been?