Evr Share Discussion Threads

[birtwhistle] 12/6/2019 10:23

I share your optimism. The share price must reach 17p by year end, so EVR must make sure this happens.
We are of course still waiting for the 2018 report, and news of the AGM, which are very late. but are likely to contain masses of news.

[cudmore] 12/6/2019 09:27

The more I read this the more excited i’m getting. Can’t wait for the next news drop which is rumoured to be a major festival announcement

[frankie83] 11/6/2019 14:17

What's level two looking like?

[cudmore] 11/6/2019 09:06

Festival news update coming 👍

[bobby1904] 11/6/2019 08:24

....I should add for completeness that they have to buy back these 12m shares to close their short position. If they get caught out by big news it can create what's known as a short squeeze. Ie the market is generally not selling but they have to buy so they potentially get stuck having to offer higher prices to tempt sellers to part with their shares...

[bobby1904] 11/6/2019 08:22

The short position is held by Merian Global. They accumulated it approx. August/Sept last year (2018). It represents 0.92% of the issued share capital, so about 12m shares roughly based on the position at the time. I calculated at the time that its average value was roughly in the 9-10p range. As of close of business on Friday it was still fully in place. Each day they have to declare if there's been any change (provided the total size is 0.5% or higher).

[ferrisc] 10/6/2019 21:12

No because they have to declare daily.

[gdcox] 10/6/2019 20:25

I am surprised to learn of shorts for this stock. But if they are significant, could the rise just be them de-camping. That is just possible if the vast majority of retail investors are underwater; ie not is the mood to buy right now. I would appreciate any views on this.

[birtwhistle] 10/6/2019 20:19

Who has the problem Jak? With the recent RNS and share price activities, not me right now.

What I meant was, those who play around trying to second guess what the share price will do in the hope of just making a few bob, without really having a clue what the company is doing.

But when the price does reach 10p, what position will you and your 'gods' at Merian be in?

There doesn't appear to be any other institution who has shorted these shares, certainly not to the tune of 12 million of them. But then perhaps, other institutions don't do 'careful research'! And the likes of Schroder, Blueport, and Oppenheimer have got it all wrong?

[cudmore] 10/6/2019 18:23

The next news here will see the herd stampede for stock 🤫

[birtwhistle] 10/6/2019 17:09

The activities of some just don't make any sense.
10p would just about see off Merian, which would be sweet. And they would likely take all the other shorters with them.

[chrisfillyourboots] 10/6/2019 15:15

Market has clearly not yet fathomed how transformational last week's RNS is with JGO and the breadcrumbs that have been left with 200% out of the money short dated warrants. This surely means another game changing RNS or two are in the pipeline for EVRH . Strong Buy and bye bye to the shorts! Target price minimum 10p in short term.

[thomstar] 10/6/2019 14:48

Time for the afternoon drop

[bobby1904] 10/6/2019 11:23

....and look at the chart. Merian killed this last year with their short in a low volume period, but the share price was around 10p beforehand. That's the first step here imo....

[cudmore] 10/6/2019 10:44

Anyone selling now is crazy. With the massive potential to come here, and the billionaire investing, these can only rise, and substantially at that. When you look at the possible news flow these are severely under valued.

[cudmore] 10/6/2019 08:28

10p easily before anymore news here.

[dlewis1] 10/6/2019 08:18

Those who wants to sell for a quick profit will spend much more to try and chase this in the near future. Still news on oculus plus mobile app to come and who knows what else summer gigs on the way and lots of O2 events. Patience will pay off here. This is the first share that I'm in where there has been issues at the current price or above the price. No cheap shares offered to institutions. Total respect to management

[thomstar] 10/6/2019 08:05

Time for the morning pop

[kreature] 09/6/2019 23:19

'JGO will also receive an option to subscribe for the equivalent of $10 million of new Ordinary Shares at a price to be determined at the time of exercise which would value the Company's issued equity share capital at approximately £220 million'

Well it's a bit misleading or confusing at best isn't it ? How would sinking $10m into shares change the value from the current 69m to 220m by 31st December 2019 ? For the market to decide isn't it?

Is VR theatre more niche than VR music ?