.

Read it and to think you can buy at 2.5p now !

L&G got in at 5.75p and they did not sell in the over negative bulletin board reaction to the trading statement.


Old link but shows now its even more of a bargain now that it was then !
http://www.newratings.com/analyst_news/article_826312.html

Envesta At Bargain Levels - Seymour Pierce

Monday, May 16, 2005 6:23:11 AM ET
Dow Jones Newswires



1012 GMT [Dow Jones] Seymour Pierce reiterates buy on Envesta (EVS.LN), says current fall in AIM stocks leaves shares at "bargain levels." Estimates EPS of 0.33p implying PER of 11.6x for 05, 0.62p and PER of 6.4x in 06. Believes upward revisions likely in June, post trading update as run rates imply earnings well ahead of Seymour Pierce forecasts. Forecasts assume no revenue from new "Cheaper Call Rate" product, but notes company says it is performing well. Expects further acquisitions "soon." Has 6.5p target, shares +5.7% at 4.1p. (PBA)

Seymour Pierce are the house brokers for EVS and anything they say should be read bearing ths in mind. Thye are also the house brokers for IDN and were very bullish about them as well.

Look what happened to IDN

PP Hi,

Thanks for the SP note :)

Every time the ask drops to 2.45 a load of buys come through :)

A nice rally at the end ?

Cheers,
PM

I suspect a substantial drop at the end and the revealing of a delayed SELL.

Paul it could be will be watching with interest.

WINS is the one playing between 2.5 and 2.45 on the offer at the moment.

EVO sat at 2.4 bid (and 2.8 offer).

Haystack I thought you would have read this under your Torino name on AFN ?

As Torino raised the subject of IDN I took a look and compared and there are some issues with IDN which take away from its positive potential.

Basics first the PSR on IDN is positive in that its below 1 at times 0.71, but EVS is better at times 0.38. EVS price would have to rise a long way to get to the same PSR ratio as IDN and they both rise another amount before getting neutral 1.

The prospective PEG ratio on IDN is good at x0.24 (less than 1 is good and allows higher PER ratios of 20 to 30 times EPS) but look at EVS, even better at x0.04.

Prospective PER for IDN is x7.96 and EVS a low (which is good) x3.55.

They both have positives however the problem on IDN is that the ex-CEO Mr Willmot is selling his large stake and continues to do so, he is down to 5.2% now but until he stops selling then there will be weakness in IDN.

I did read it and thought it was nonsense at the time.

Well a decent day today Paul and DB66 and capetown. We should be in for a good couple of weeks run up to the results and beyond.

I think the MMs raised the price to generate some buying to pass on a stock overhang and when it is gone the price will fall again.

PP Hi,

Yes indeed :)

I sent one of my dealer friends your research, and tipped him they were on the rise, his reply a couple of hours later is interesting ....

========================================
Strangely, I think SCAP might be short of stock - they have been on the offer all afternoon and have resisted the temptation to increase their offer price when everyone else was eager to push the stock higher.

Still, I picked up a scrap earlier this morning...
========================================


Cheers,
PM

Hi All,

Watch these at 8am tomorrow, they could well start with high volume :)

Cheers,
PM

Hi Paul a good point and would explain why SCAP were on the offer with SEYP for most of the time.

There was a 1.8 million B trade not very long ago and then SEYP came on as an MM which explains why they are on the offer and walking it up, as they could be building up some reserves.

Good morning Paul, DB66 and capetown.

Had a skim through this mornings news releases and now looking for another strong day on Envesta, another day like yesterday would be very good.

Hi Paul, you are right on the volume and they are climbing away now.

PP Hi,

Cheers :)

MM buying now, 3 M buys so far, 600,000 in total, and they are going to push the price up for us :)

Cheers,
PM

Advertised bid is 2.5, but you get 2.6 if you try a dummy sell :)

Also you get 2.8 if you try a dummy buy :))

Cheers,
PM

Hi all. Thanks for the mail Paul. Nice one. I jumped in yesterday at 2.5p.
The MM buys look interesting. Should see 3p today?

wilbs

Paul and wilbs the MM buys look good for today.

Strong and steady rises into the results will do and then take off on a new upgraded Seymour Pierce forecast results day morning ?

PpP: I have to admit that I groaned when you first flagged EVS over on tag "not another telecom, just as the competition is hotting up everywhere". But your postings are very persuasive and in any case, the 1 year and 5 year charts are telling me that this is a classic recovery play, so I've come aboard.
sd.

seems to have turned the corner of sentiment heading toward 4.5p imho averaged down today having paid 6p not so long ago results due end of the month if not early Oct expect RNS out in few days ??