Read Edison's note on ESERVGLOBAL, out this morning, by visiting https://www.research-tree.com/company/AU000000ESV3
"eServGlobal has brought recent negotiations for a major PayMobile contract to a successful conclusion, signing a five-year contract worth 6m. This supports current year revenue guidance and potentially marks the start of a recovery in the companys fortunes..."
"April continues to be, frankly, boring. Last week finished with the @GB:UKX:FTSE 100 failing to better our 6,225. Now, it makes sense to wonder how much damage will be done by the news that, the leader of our country having so much faith in the ..."
"THE FTSE THIS WEEK (FTSE:UKX) and eSERVEGLOBAL PLC (LSE:ESG) April continues to be, frankly, boring. Last week finished with the FTSE failing to better our 6225. Now, it makes sense to wonder how much damage the news of the leader of our ..."
they belong to Henderson until october 2017 if they manage to steer through that long.
3.5m in escrow still, ANB standing in the way, delays to higher margin sales, losses etc.
shame they managed to get into this mess.
who was/is responsible?
blundell now out of the picture but wasn't he a mover/shaker in the run up to this?
buck stops with shareholders though.
Edison initiated coverage with target price of about 30p if ESG keep market informed on progress and Homesend. Mentions lower cost base as helping. Potential 2x share price upside. Would tend to agree and see 25p as more than possible.
I take todays news as positive.
UK based, experienced, knows some major shareholders.
This and previous releases suggest relations with UK shareholders haven't been as close as ideally they should. This might encourage some new money to come in over time.
excess executive pay hasn't helped nor CEO jumping or, for all we know, being pushed.
they went from looking competent and well placed to looking opportunistic and risky.
not a good way to manage a company in this space.
The company says the drop in share price is inexplicable but the price continues to fall.
Price now less than 50% of what it was in 5 months ago. Something does not add up!
Either a fantastic bargain or a lame duck. Any ideas?
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