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100 million from the Mastercard deal alone wowzers market cap is 40 mill
Glad I saw that RNS
6.50-6.75 we're off!
MCAP £39m, deal alone is £100m. Takes it to 14p a share by my calcs, please correct me if I'm wrong.
Those are seriously mouth watering figures for ESG.
6.25-6.75
proves the Cois sound..so much due dil. This could seriously start to re-rate
Moving now...
read what tops has researched https://twitter.com/hashtag/ESG?src=hash&lang=en-gb
could be 8p before close, look at that sea of blue.
Got a long way to climb...well back above 8p for a start
Market has completely missed this, get ready for the Gap up tomorrow morning.
�100 million deal with mastercard
Wallop massive RNS
One of the largest in South Korea. Things happening here...no wonder the director buys earlier in Aug
Nice to get back from work to see the rise today
Well I bought my allocation, so just going to sit back and watch for a while but here's hoping the sp keeps heading upwards
looks like a great recovery play here. imo.
Skirted with 4p recently and somehow held on. Don't think we have seen the lows yet. Keep your capital safe in stocks that are increasing profits right now. This can get a lot cheaper, we will see
Perhaps in time. The market is aware of developments however it's likely to get worse before things get better (in respect of net debt). One to watch certainly as 2016 draws to an end. Possible winner for 2017 - 2018
eServGlobal develops mobile software solutions to support mobile financial services, with a focus on emerging markets. According to Edison Research, ESG has reiterated its target of breaking even at the EBITDA level for FY16 following two material contract wins towards the end of Q216. The first quarter was particularly weak contributing to an EBITDA loss in H116 but a combination of initiatives to cut costs and boost revenue should see a much improved second half performance. Listed on the ASX but primarily trade on AIM the market values the company around £13m or 5p. This after a torrid year for holders as the share price collapsed from 20p to below 3p. EBITDA breakeven however is only part of the picture as the business is not profitable nor close to being able to stand on its own two feet. Despite the improving trend eServGlobal generated revenues of €5.5m in H116 and expects to report an EBITDA loss of nearly as much (circa €4.5-5m) Forecasts for H216 suggest revenues around €9.5m and EBITDA of around €5m Is this achievable? The brokers have pointed out roughly one-third of H216 revenues are contracted so the company will need to generate €7.5m of new business and retain similar margins to meet forecasts. If Edison's reporting or the company's past performance to generate contract wins and meet forecasts is anything to go by I would think it not achievable this year. The company are optimistic they will perform better in the second half however and Edison suggest guidance of 'very small positive EBITDA in FY16' however I doubt they will break even. In FY17 they are hoping for €1.3m (6.1% margin) but it's too far off to say if that number holds any credibility. Edison have reduced their forecasts to current levels and this is quite likely to happen again in my view. Glimmers of hope exist. The company expects to reach operating cash break-even on a monthly run rate basis in Q416 due to reduced debtor days among other things. The value of it's 35% HomeSend stake looks to be increasing as it expands and will be revalued in September 2016. If growth is stronger than expected pushed forwards by the JV partners it could quickly boost the value of ESG's asset value. Net debt is forecast to reach €10.7m next year and without a substantial amount of contract wins this trend is unlikely to continue. The current cash position could quickly dwindle if the company find itself in difficulty and it's expected to run down possibly into 2018 so more cash will be required down the line. I wouldn't be holding right now unless a string of contracts land.