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Little RNS today
This is AIM where a degree of expectation in a great company plays a part in the valuation. Don't think you have really understood the potential of this company if you think it is over valued. Might be worth taking another look.
look overvalued on such small revenue and little cash
A nice little 5% jump!
Rest of the article here http://www.retailgazette.co.uk/articles/00410-eagle-eye-is-soaring
Very interesting article for EYE holders When Retail Gazette met Phil Blundell, the CEO at Eagle Eye, he presented the loyalty card of a well known coffee retailer and labelled it “the past” before pulling out his iPhone 6 and referring to it as “the future”. Eagle Eye was founded in 2003 and specialises in multichannel digital offers, vouchers and rewards. It has since received the backing of former Tesco CEO Sir Terry Leahy and other heavy weights including Bob Willett, (former CIO at Bestbuy and international retail aficionado). Blundell was bought on board to commercialise the business, and he is particularly buoyant when he meets Retail Gazette. This is not least thanks to the company’s current valuations, which are something of the Silicon valley type (share prices have increased 20p to £1.60), but also because Eagle Eye won twice over at the recent payment awards, beating Harris + Hoole in the ‘Engagement and Loyalty Scheme of the year’ sub-category as well as retailers including Starbucks with the ‘Overall Winner’ award. The awards came following Eagle Eye’s success with the British bakery chain Greggs, which is now the proud owner of an Eagle Eye software integrated app, changing the way customers shop with an automated coffee stamp. All that paper and plastic which becomes accumulated in consumers’ wallets means not much more than endless anonymous customers, interesting considering digital delivery is cheaper and will eliminate fraud. The customer journey ends with paper, but Eagle Eye software allows for basket data analysis. With it for example, Greggs can offer incentives like a free birthday doughnut (although as Blundell points out, you are hopefully at the Ivy on your special day) or One Stop can send a personalised message when you’re in store (‘Welcome Bob, 2-4-1 on Coca Cola’). With price-matching becoming a frequency amongst retailers, allowing customers to obtain items at the same price anywhere, brands need to differentiate themselves. “There is more transparency in pricing so there will be more couponing” explains Blundell, “this is where real-time data comes into play”. An example of which, comes into play with fashion brand Karen Millen. Previously working with a fulfillment system that was 24 hours of date, the premium retailer now offers a 90 minute delivery service operated for and behalf of Karen Millen, by Eagle Eye Solutions. Each customer possesses a code unique to them, which is scanned into the delivery driver’s PDA at point of drop off. In 2013, UK shoppers redeemed 603m coupons, up 35% from 2012 and worth around £1.7bn. The figures from Valassis, which works with 85% of the market, highlight the continuing upward trend in coupon redemption, volumes increasing 223% since 2010. Juniper anticipates that the global user base for mobile coupons will exceed 1bn by late 2
No they're awful. Revenues were 600k last year but, to their credit, they're rising fast and will probably be about £1.4m this year (for the core business). But it's loss making, and those losses seem to be worse year on year. I doubt Eagle Eye's decision to take over 2ergo was a good move either. 2ergo's figures are atrocious and they've been dramatically worsening year on year. Their 2013 revenue is about a third of what it was in 2011, it made a loss of £5.5m, and its liabiltities far exceed its assets and measly £35k cash. Combined the revenue will amount to about £5m with losses of £7m and net assets roughly zero for the 2014 year. The 2015 year should see further growth from the core business but 2ergo could entirely negate that growth considering its the bigger beast. Losses will stack up and there'll need to be equity placings to keep this running. The fact this poor-looking prospect is valued at £36m at the moment (at 180p) is an absolute joke to be honest, Sir Terry Leahy included. I'm staying well away, and am thoroughly disappointed.
They have also just acquired RGO and past info on them you will find on this site
Cheers fellas
You will find most of what you seek in the Admission Document of companies that have just listed, previous finance history for EYE starts on page 36 http://www.eagleeye.com/sites/default/files/Eagle%20Eye%20Solutions%20Group%20PLC%20-%20Final%20Admission%20Document.pdf
http://www.eagleeye.com/investors maybe a starting point for you ?
I need basic info before I can invest here. Where can I find info on revenue, profit, etc at the very least. Oh and the market cap / number of shares in issue. Investing without any info is far too risky to delve into. This lack of info reminds me of the RM2 IPO and look how that's turned out...
Mentions that they expect the 164p placing price to be left way behind.
looks promising...bit in the Daily Mail about this company.