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eServGlobal monitors Middle East situation

Mon, 28th Feb 2011 14:50

AIM-quoted and ASX-listed eServGlobal has refocused its business but unrest in the Middle East could hamper progress. eServGlobal has sold its non-core operations and is concentrating on its mobile money and mobile value-added services operations. It appears that there was a sharp drop in interim revenues from A$43.8m to A$22.5m in the six months to December 2010 but the corresponding figure includes the business that has been sold. Stripping out a A$72.1m gain on disposal, the underlying loss was barely changed at A$12.6m. eServGlobal confirms its full year revenue guidance at A$38m-A$45m (£22m-£26m). There have been delays to projects in Egypt and Tunisia and the company is monitoring the situation in the Middle East and North Africa. eServGlobal is planning to return A$65m (20p a share) of the A$107m of disposal proceeds to shareholders but it still has not got the approval from the Australian Tax Office. There is still A$24m of the disposal proceeds in escrow. The cash will be released in two equal tranches on the first and second anniversaries of the sale.
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30 Jun 2014 07:31

UK MORNING BRIEFING: Shares Rise Amid Rush Of Company Reporting

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12 Jun 2014 11:31

eServGlobal Launches PayMobile With Armenian Telecom Operator

LONDON (Alliance News) - AIM-listed eServGlobal PLC Thursday said it has launched its PayMobile platform in a partnership with Armenian telecommunications operator VivaCell-MTS. Under the deal, eServGlobal will provide electronic recharge for VivaCell-MTS' subscriber base of over two millio

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2 Jun 2014 07:40

eServGlobal Expects EBITDA Profit Within Core Business At Half Year

LONDON (Alliance News) - eServGlobal Ltd Monday said it expects earnings before interest, tax, depreciation and amortisation to be in the black within its core business when it reports its first-half results at the end of this month. In a statement, the emerging markets focused mobile payme

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27 Mar 2014 13:48

UK MIDDAY BRIEFING: Regulators Confirm UK Energy Market Review

LONDON (Alliance News) - UK regulators have now confirmed they will investigate whether the country's major energy companies are preventing effective competition in the market, a decision that prompted British Gas parent Centrica to warn that the review could delay crucial investments in new i

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27 Mar 2014 13:01

UK WINNERS & LOSERS: Babcock, Tullow Oil Lead Blue-Chip Fallers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.

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FTSE 100 - WINNERS

Old Mutual, up 0.5%. The group has agreed to sell Skandia Germany and S

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27 Mar 2014 11:33

eServGlobal's HomeSend To Connect BICS With MoneyGram

LONDON (Alliance News) - eServGlobal Limited said Thursday its fund transfer service business, HomeServe, with BICS, will connect MoneyGram and BICS to enable fund transfers across the world. The HomeSend International Money Transfer Hub is a remittance tool which enables person-to-person f

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27 Mar 2014 09:02

Thursday broker round-up UPDATE

Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom

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26 Mar 2014 11:11

eServGlobal Trading In Line, Hunt For New Chairman Well Advanced

LONDON (Alliance News) - eServGlobal Ltd is currently trading in line with broker forecasts, according to Acting Chairman Stephen Baldwin, Wednesday, with the search for a new chairman well advanced. In a statement to be made at the company's annual general meeting, Baldwin said there is op

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5 Mar 2014 12:05

eServGlobal Teams Up With Banks To Develop Mobile Platform In Nepal

LONDON (Alliance News) - eServGlobal Ltd Wednesday said it will partner with a consortium of banks and other institutions to offer a mobile banking platform that can be used by the providers to expand their services in Nepal. In a statement, the mobile banking products company said it will

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3 Mar 2014 09:30

eServGlobal Chairman Resigns To Focus On Mining Services Role

LONDON (Alliance News) - eServGlobal Ltd Monday said Chairman Richard Mathews has resigned sooner than expected, meaning Non-Executive Director Steve Balwin has been appointed as acting chairman until a successor is found. In a statement, the mobile payments company said Mathews had to "acc

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19 Feb 2014 13:41

UK MIDDAY BRIEFING: BAE Systems, Rolls-Royce Fly On Saudi Jet Deal

LONDON (Alliance News) - Defense giants BAE Systems and Rolls-Royce Holdings are among the biggest gainers on the FTSE 100 Wednesday, after the British and Saudi Arabian governments at long last came to a deal over how much more Saudi Arabia should pay for the

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19 Feb 2014 11:50

UK WINNERS & LOSERS: Sports Direct Up On Profit Gain, M&S Revamps Online

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday. ------- FTSE 100 - WINNERS Sports Direct International, up 6.2%. The sports goods retailer said gross profit grew by 14.6% in its fiscal third quarte

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19 Feb 2014 08:45

eServGlobal Signs MoU With BDCOM Online For Potential Bangladesh JV

LONDON (Alliance News) - eServGlobal Ltd said Wednesday it has signed a Memorandum of Understanding with BDCOM Online Ltd for a potential mobile financial services joint venture in Bangladesh. The mobile financial services company said the MoU has been signed to allow the firms to explore t

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4 Feb 2014 09:44

eServGlobal Commits To Appoint UK Chairman

LONDON (Alliance News) - eServGlobal Limited said Tuesday that it has initiated a search to appoint a UK-based Chairman after a transition in its shareholder base from Australia to the UK. The mobile financial services company said that the shift in shareholder base has resulted in a signif

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31 Jan 2014 13:12

eServGlobal Swing To Profit

LONDON (Alliance News) - eServGlobal Ltd Friday said it swung to a pretax profit in its last financial year, confirming figures published in December, driven by improved revenues, lower costs and a foreign exchange gain. The mobile payments company Friday said it made a AUD4.5 million preta

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