.

capetown - I believe that the September statement is cruticial, more important than the results, and that KJ will not make the same mistake and will give the statement much more thought as to the perception it could receive by the market.
Two things that could vastly improve the share price in the statement -
1. Saying that the working capital problem is not as big an issue as first thought and availability of funds are in place if required - overdraft, or whatever
2. CCR turnover is increasing more rapidly than first expected - with generating revenues from Companies.
Our hands are in KJ, lets hope he has a good holiday, and his mind is on the job when he comes back.
FMJ started off badly today, but recovered a bit now.

That too is seen as a reversal of the trading statement in April, saying that they were looking for an acquisition, now they apparently cant fund an acquisition without a paper issue. The biggest problem now is credibility. You tell shareholders in April of a rosy prospective future, only in August to say:

that you are now short of cash, there will be no dividend, and no acquisition,

that is why the SP is under pressure, as investors read between the lines.
Can KJ and KMcG gain this credibility back? They need to if the SP is to recover.

I have e-mailed the company asking that the FD clarifies the situation regarding working capital. I believe the shares should be suspended until such a time. I feel the current price is a gross distortion of the true value of EVS and is leaving it in a vulnerable situation. I find it hard to believe that no comment has been made regarding the catastrophic fall in price when the company appears to be performing well.

Well said. I am nursing very large losses and I blame it entirely on the board. They couldn't have made a worse mess of the recent statement.

People keep expecting EVS to issue a statement about the fall in the share price. The statements tend to be something like:-

"The company has noted the movement in its share price and knows of no reason for it".

What if the 'knows no reason" bit is not quite right. Do you still get the statement?

Haystack - there will be no statement believe me.
I dont expect one certainly about the falling share price either.

The 2006 PE is now looking tasty at less than 4. They have stated that the company is on target to meet expectations, but the eps may be watered down a little if there is a new share issue.

I still think it may have a quite a bit further to fall before buyers feel it is time to jump back in.

Had lunch out today with ****** ***** and we think one or two recent posters on the other site might get their collars felt - oh dear.

ANNBAR,

Like do you really think they give a XXXX?
I wish i could believe they did,for my sake,am on a HUGE LOSS,and feeling badly let down

250k shares just sold at 2pence,they really do care!,i think not

How was the lunch Annbar?

Anything interesting to report?

Was the lunch in Bristol?

Annbar seems to be an odd character and I wouldn't believe anything he says.

Hey ling,how you doing?

H -

Now that would be telling.

2LB -

Nothing that would make much difference in the short term - lunch very boozey.

As always remember DYOR.

Not a he but a mixed group.

Remember DYOR

Have sold the majority of my holding today, at a huge loss,
although the prospective fundamentals do look good,
and that is what I normally go by, but there is more to it than meets the eye.
I am sorry to admit it but Haystack was right, and my man in Reading does not
like EVS either, nor the present board, paying themselves too much.
Could there be a rights issue at 1.5p, or how are they going to raise the money.
Do your own thing.

Capetown - not too badly except in EVS! The NHS is collapsing - don't get ill.

Totally ignore Annbar. A dangerous person. Very odd.

THX,never seen that post b4,am holding on to mine,as each time i think of selling i remember ASHTEAD,so am holding.Would rather loose the lot than sell at 2p

I sold out long ago and am now tempted to buy back in at these levels. The selling has been overdone. EVS put out an RNS on 27 July that stated they were delighted with the company's performance and gross profits had doubled! They would not have made such a statement knowing the company was going down the pan as the share price seems to imply.

Envesta Telecom reports 75 pct revenue rise in FY to end June

LONDON (AFX) - Envesta Telecom PLC said it saw a 75 pct rise in revenue over
the year to end June, while gross profits more than doubled on the year-earlier
figure.

It added, however, that high growth and significant investment in new
product areas have put a strain on the company's working capital, a problem it
plans to address in the new financial year.

Envesta executive chairman Kevin Jauncey said he was "delighted" that the
results showed a return to profitability, adding that the company is now holding
discussions over a number of potential acquisitions.

He said the company's main strategy is to build or acquire voice-over
internet protocol capability and move further towards the creation of a product
marketable in the "fully converged voice and data world" it expects to see
developing over the next few years.