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Yes great start to the week.Onwards and upwards
Another good start.
No doubt. This was a breakout on the 2nd October with a gap up and continuing to move up after 3 inactive days. GLA
This is looking very promising
No i'm afraid not, but I am currently waiting to hear back on a conference call date with management, so will be doing a write up in due course.
Have you got a link to the brokers comment? Cheers.
Looking at the Broker comment below it is certainly a very interesting situation with some serious upside potential. Every major contract signed reduces execution risk on HomeSend�s huge profit potential; a 5% share of just the $600bn remittance market would bring $100m annually to eServGlobal�s share (note Mastercard handles 26% of global card payments). On a 15x multiple that would be a $1.5bn business. A still prudent 90% discount values it at $150m, with �15m for the core business; an 18p target price.
Excellent! Nice rise as well!
"Annual volumes from currently identified opportunities against these agreements are expected by eServGlobal to be in the region of US$3-5 billion in the medium term." Conservatively assuming 0.5% transaction fee on this volume, at near 100% incremental margin, equates to $20m profit at the mid point. With a 35% stake, eserv will be getting $7m pa, or circa £5.1m. Put this on 20x, given anticipated growth, and you are already getting to £100m+ valuation for eserv's stake in Homesend, or 15p+ per share. ESG appears well undervalued.
I wonder what Canaccord Genuity knows to encourage them to take a 15% stake in ESG as of the 22nd September? Let's hope something interesting after this has been flat for so long.
Wish it would move, preferably up!
Anybody have any thoughts on this company and whether share price likely to move
Yes, just checked in, all looking very rosey.
Looks good
Following a similar pattern each day this past week, steady as she goes.
I spoke too soon. This is moving nicely now.
I'm inpatient for news but only have to follow the money.
Steady progress, when will an update appear I wonder?
Nice rise today. Building nicely.
25/01/2017 12:45:04 7.60 460,921 - 35.03k
Looks ready for a move this week
have a lot of faith in ESG but at the same time don't like tying my capital up for long periods while other shares are moving fast.
https://m.investing.com/analysis/eservglobal---core-business-restructuring-starts-to-pay-off-200171861 As expected, H2 revenues up and losses reduced. Looking so good for 2017 GLA
Defweb Something def brewing.Think it will break 8 soon.Onwards and upwards