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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eurovestech | LSE:EVT | London | Ordinary Share | GB0002292810 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.75 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 6.75 | GBX |
Eurovestech (EVT) Share Charts1 Year Eurovestech Chart |
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1 Month Eurovestech Chart |
Intraday Eurovestech Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 15/7/2023 | 21:54 | Help to understand history of EVT | 2 |
| 27/7/2021 | 21:19 | Eurovestech with Charts. | 268 |
| 19/5/2020 | 17:47 | Eurovestech - developing value (with charts) | 7 |
| 29/3/2010 | 19:03 | Attention all Eurovestech holders. | 400 |
| 21/2/2010 | 07:07 | THIS STOCK COULD RISE SHARPLY OVER THE NEXT FEW WEEKS | 53 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 24/7/2022 22:34 by andrewbeal4265 I also have a share certificate for 6445 shares but cant seem to work out if the Company still exists or if the shares have any value? |
Posted at 19/7/2022 10:26 by ukms I have just found a lost EVT share certificate from 2000 era with a holding of 2010 EVT shares.Can anyone tell me whether over the years these have been diluted and what the holding is now? Many thanks M |
Posted at 03/8/2020 16:40 by praipus Shares traded on Net Asset Value from the June 2019 accounts was 11.6p per share. Last auction July 2020 shares traded at 4p!!! Next auction is in October 2020. Next report and accounts for year to end July 2020 wont be out till December?. |
Posted at 10/4/2012 21:08 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 20/12/2011 17:56 by kenmitch sbs. You haven't named your Company so we can't know whether your claims are for real. There have been plenty of examples of EVT investing when the pay off was years away so that won't have been the reason. Do you talk more than you listen? EVT are shrewd and would notice that, as they would claims with little to back them up. e.g The disadvantages of buybacks have been well covered here. You haven't countered any of them by persuavive argument. Instead you claim that the EVT share price would rise a lot if they bought back heavily.... at least I think that's what you mean by "They could easily push the price up a long way by buying." With far fewer shares in issue then NAV would of course be higher - but that alone doesn't guarantee a higher share price. It could instead just give an even bigger discount to NAV than now - at least until investors decide the shares are an irresistible bargain. Serious buying would lift the share price. ozz2 The big discount to NAV simply shows that the share is very cheap. That's reassuring rather than worrying. What's more their NAV figures are conservative - which makes the share even cheaper. There's not much EVT can do about it - and as explained I don't think buybacks are the answer. They already have very strong Institutional support including two top Fund Managers in Neil Woodford and Colin McClean and Institutional share holdings in EVT are large. I agree the share price performance has been very disappointing but newsflow has been good - including the recent KSS update. Further good news/NAV enhancing news will make the shares even cheaper, and some of their investments are showing great promise. At some point this will attract new buyers of the shares and get the share price moving up again. Meanwhile in a bear market this is one to hold and lock away for very good returns again in time imo. It is certainly a worry free investment for me and in the unlikely event of the share price falling further - unless because of bad news - one to top up on any further weakness. |
Posted at 17/8/2011 20:02 by kenmitch sbs. Interesting post, but you've ignored the key question. How is it better to get no cash than cash? The answer is it is never better. Just imagine if every one of our dividend paying shares paid no dividend and instead spent that money on buybacks. Our dividend yields would go from maybe up to 10% or more for long term holdings to ZERO!You are clearly clued up on the theoretical case for buybacks. Trouble is evidence (e.g detailed research from Morgan Stanley) shows clearly how Companies buying back saw their share prices go on to UNDERPERFORM those in the sector that did not buy back. Yes, it obviously makes sense to buyback at a low price - but even then it is a pointless exercise and you don't have to look beyond EVT to see that. What did their last buyback achieve other than a lower share price? OK. Yes it means assets per share increase but that doesn't automatically mean a higher share price as EVT investors have learnt the hard way. I've known Companies (e.g Unitech Corporate Parks, admittedly with much less proven assets than EVT) trade at a 90% discount to NAV. You say that a lack of a buyback could lead to a sharp fall in the share price. Why, when the shares are already trading well below modestly calculated NAV? The shares have had a very bad run since they bought back even when the markets have risen. This was to be expected as anyone who has bothered to check out research on buybacks (instead of taking the dodgy theory about them as being good as read) will know. Obviously I can't prove this but fwiw I'm confident that the EVT share price would be higher now than it is if they hadn't wasted money on the last buyback. And there is a high chance (read research on it) that if they have another one that after a short bounce at the time of the buyback the share price will then go lower again. EVENTUALLY EVT and their investors so keen on them might cotton on. But don't hold your breath as BP who have now spent around £30 billion on buybacks (enough to fund the Olympics around 3 times!) only to see their shares languishing STILL haven't got the message! Sorry to state this so bluntly, but buying back is the same as throwing money away or burning it. |
Posted at 01/3/2010 16:01 by kenmitch 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.c And for further information on Eurovestech see their website with details of all their portfolio Companies at www. eurovestech.com |
Posted at 05/1/2010 10:33 by kenmitch Exactly Jambo. Although the EVT share price has risen it is still far too cheap. Also the Toluna share price rise should feed through to the EVT share price. Toluna being tipped as a share of the year in The Sunday Times seems at last to have woken up a few investors. For too long the shares were hardly ever traded. Maybe Toluna should go for a Main Market quote now. Next thing of interest for Toluna will be the trading update - next month? Confirmation that the bargain acquisition was indeed a bargain could give the shares a real lift. Toluna used to trade on a high forward PE - but now the prospective PE ratio is very modest. After months of frustrating disappointment share price wise things are at last looking up. I hope they go for a special dividend and not a share buyback, so that ordinary investors see the money. Good point too about the other KSS. To think EVT bought the lot for just £1 million! Another stunning buy/multi bagger, and they've still got half of it. Also the fact that the purchaser of KSS Retail is owned by Tesco says something. |
Posted at 10/8/2009 20:20 by kenmitch The shares certainly look cheap now - the more so since newsflow has been good while the share price has fallen from 24p to 14p. I posted about EVT on Mike Walters bb last week and one or two here fairly new to this Company might find it interesting. Not much in it that those who have held the shares for ages or followed the Company for a long time won't know already. I agree re quiet ADVFN bbs being preferable to those full of rampers - but arguably EVT could do with getting a bit better known and understood, as it needs buyers to get the share price up. Anyway here is the post from the other bb. If anything is incorrect or if having more positives (or negatives) to add please post. "Plenty on this thread about Eurovestech and Toluna. It's been a wonderful winner for a few here over the years since posted about a few years ago at just 2p. BUT it is also true that some have bought and made very little as at times the shares have done little or even gone down - as they did last year after peaking at 24p. I held almost continually from 2p but then sold last year partly because I couldn't see the EVT share price holding around 24p when so many shares were falling, but also because one of their last acquistions, MIST, did not come up with the immediate good news that was largely behind the quick rise in the share price from 18p to 24p. I also sold as I needed the money after suffering losses last year and at least EVT was going for a good profit - a rarity with sales in the depths of the bear market. The shares are now 14p to buy having bottomed at around 11p a while ago. I bought them back at 11.5p and have added more at 13p and am tempted to add again. Recent news suggests they are now a strong buy with (barring surprise bad news from Toluna) little downside and considerable upside potential over the next few months. I'm hoping for around 50% on the current share price within a few months, with maybe more to come after that. Why? The current market cap of about £47 million only covers their remaining 30% stake in Toluna and the £11 million net cash on the balance sheet. EVERYTHING ELSE is in the share price for free. Before a brief look at what is in the price for free, a mention of recent news from Toluna. This includes recent purchase of a Company from Microsoft for just $40 million when not so long before Microsfoft expected to sell it for $120 million. Yet another example of their ability to spot a bargain - assuming it proves a good buy. It should. It is expected to be strongly earnings enhancing and means Toluna now has a 12% share of the market. So there is a good chance that the Toluna share price could go up a good bit more, once increased profits are confirmed. It held up very well during the bear market - but is overdue a bounce now as the price has also done nothing while many other shares have been soaring. The PE ratio, not so long ago very high, is now down to around 15, quite modest for such a fast growing Company. What about that £11 million cash? Based on previous experience EVT are likely to spend it well. Maybe not in such a stunning way as with Toluna - where their intitial £2 million investment has turned in to £50 million so far. Nor perhaps as good as KSS bought for peanuts and now doing very well - but they are very good at finding bargain buys. Anyway what is in the share price for free? 1. KSS. See the previous post on this thread for the latest RNS posted by Man in Grey. At first glance it looks bad - delayed contracts. But read on and see the likelihood of several contracts soon. This has happened in the past. EVT would rather lose a contract than sign on poor terms just to get them included in the next set of figures. KSS retail has been winning some good contracts including a mulit million dollar one with dunnhumby coupled with a strategic partnership that includes Kroger and Tesco. If their cost saving technology is good enough for Tesco others might decide it is good enough for them too. KSS is now making significant profits and must be worth £10 million at least, yet is in the share price for free. Magenta has imo been a disappointment. BUT they are breaking even and have no debt. They have also recently moved in to online marketing with their Maxifier brand and prospects for this section of their business look very good. What is Magenta worth? A conservative £5 million and probably more - and again in the share price for nothing. Two of their latest acquisitions again in the price for free are Lognet and MIST Technologies. Lognet is expected to become profitable in 2009. Apparently more and more blue chip customers are signing up, adding to an already strong customer base. Again this Company too must be worth £several million. MIST got me and others very excited last year with a technology to reengineer sound to a high definition quality. Apparently the market opportunities are huge. So far that hasn't been shown in contract wins - but one major win would change that. There is much more on MIST in posts on this thread last year. Major sharholders include Invesco who hold nearly 30% and SVM Asset Management with 20%. Richard Bernstein holds over 8% and Artemis over 7%. The main negatives? In terms of how they are doing very few - aside from Magenta taking longer to fulfil the promise, and that possibly applies to Mist too. But since both are in the share price for free and Magenta is breaking even and has no debt that is not much of a negative! The other main negative from an investment point of view is that aside from investors who have known about EVT for years there seems to be little investor interest or understanding about the Company. That may well be a factor in the shares lagging recently. But that could change - either with more impressive contract wins, say for KSS, and/or even more impressive results from Toluna. That might well give the TOL share price a lift and if that didn't lift the EVT share price too then EVT would be even cheaper than it is now. So if looking for a quick multi bagger EVT is the wrong share. If looking for a top quality, well managed, successful small Company trading at a bargain price with the potential for at least 50% share price upside over the next few months then EVT is worth checking out. There is loads on EVT and Toluna on this bb." |
Posted at 29/6/2009 10:43 by kenmitch Apologies for being lazy and just copying a couple of posts I've done on Mike Walters site. With luck any who agree/disagree or who can add anything else will post. "Toluna has announced an acquistion and share placing at 210p to raise £28 million. They've bought Greenfields Online Inc a wholly owned subsidiary of Microsoft and claim it will be significantly earnings enhancing. At the same time EVT have sold about 3.5 million of their holding in Toluna for £7.5 million. That reduces the EVT Toluna stake to 29.9%. Toluna cost EVT about £2 million. EVT have now realised around £15 million from sales of Toluna shares and their remaining stake is worth £31.3 milion at the 210p placing price and a bit more at the current 226p Toluna share price. That's a genuine multibagger. The TOLUNA news today is on top of the excellent contract news from KSS yesterday. KSS was a similar bargain - bought for £1 million and already profitable, and now with that big multi million dollar contract win yesterday. EVT shares are up again today gaining another 0.75p on top of the 0.75p gain yesterday. I've mixed feelings about EVT selling more TOL shares,just when TOL has made what looks an exciting acquisition and further strengthened their finances. The acquisition means TOLUNA is now the leading online Company - yet because it is French owned few here seem to realise this and the shares can go days without any trades. Even with this news today so far there hasn't been a single TOL share traded. Maybe this is a factor in EVT selling reducing their stake - and it gives them useful funds for further investments. In a couple of recent posts I suggested that the EVT share price would continue to do little until there was proper good news from the likes of TOL, KSS and Magenta and also from their news acquisitions like MIST. Well we've now had news from TOL and KSS that has indeed given the EVT share price a lift. Now fingers crossed for more of the same and from other of their investee companies to help the shares continue their recent good run. " AND "Wow! I posted on the Toluna acquisition yesterday. Seems they got a bargain - and that's on top of Toluna being such a bargain buy in the first place. Here's Geoff Foster's comment in his Daily Mail market report today. "AIM listed media company Toluna improved 2p to 228p after raising £28 million in a placing at 210p a share to help fund its acquisition of the internet services arm of Greenfield Online from Microsoft for £24.5 million. It appears that Toluna got a bargain because Microsoft had plans to sell the business to private equity for around £75 million but the credit crunch put the kybosh on that. It's good news too for investor EUROVESTECH 0.75p dearer at 13.5p. It did own 50.6% of Toluna but that has now been reduced to 29.9%. It keeps a stake worth £31.3 million at the placing price, so its initial investment of £2 million is now worth a stonking £46 million." The only slight negative in the above is that it reinforces my disapppointment that EVT have sold down their TOL stake to just 29.9%, as if the acquisition beds in well, and proves to be an absolute bargain, then TOL shares could go up a lot. otoh EVT have taken another £7.5 million profit and you can't lose taking a profit. Even though the EVT stake is now down to 29.9%, EVT remains the better choice imo as their shares are so cheap and even now if the TOL share price does rise strongly then the EVT price should also go up in response. And with EVT you also get the other bargains like KSS, and now even more cash, thrown in as well. I hold EVT - looks good as a longer term lockaway with surely limited downside? The share price bottomed out at 11p not so long ago and with the recent good news from KSS and now this from TOL surely a fall lower than that is fairly unlikely now? The rise might be fairly gentle too - but no reason why the shares should't go back to their 2008 price in the mid 20s in time. i.e a good chance the share could double. You'll be buying a share where Management have proved both their quality and their eye for a real bargain." |
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