Have a look at todays news threads for EVS, great first half results, important acquisition announced, more exciting news promised in February. Up 25% so far today.

I hope that is the case grevis2, but the only worry is that there could be a big seller in the background somewhere, either with a protected order or a trade that will come through 1 hour after it happened!!

tallsiii: Well, up she goes!

FT has published the following article about Envesta. Looks like we are at the early stage of substantial share price rise:

Envesta Telecom rose 13.6 per cent to 6.5p, ostensibly after the long-distance provider took 0.2m profit from the sale of around half its holding in Formjet, a software provider. Although the sale will strengthen Envestas balance sheet, the stock has more than trebled in value since the start of the year - mainly driven by expectations of higher profits. House broker Seymour Pierce said last week that Envesta is at the early stage of substantial growth

Looks like you were right grevis2. I am heavily into this one now. The article is very encouraging as at the current forward pe of 9 "substantial growth" is very cheap!

tallsiii: Today has presented a good buying opportunity. Just couldn't resist buying a few more. Hesitated at 5.75p which was a bit of a booby. Eventually bought in around the 6p level. Just shows it doesn't pay to hang on for the last point or two.

grevis: I did a similar thing as i bought as they dropped this morning also getting in at the 6p mark and just over. Could have hung on for a lower price, but all of today's prices should prove cheap in the long run.

Well done tallsiii. If Seymour Pierce are correct then we are looking at a forward PE of only 7.5 at present and as substantial growth is expected, what will that PE look like in 12 months time!

Lets hope they keep upgrading the forecasts and the company performs accordingly.

On Friday I predicted a close of 5.8p followed by 6.4p on Monday. This turned out to be quite close to the actual figures of 5.7p and 6.47p respectively. Today's close is less easy to judge but I would expect them to be roughly where they are now. Tomorrow, however, is another matter as my indicators show they could climb to around 6.76p.

Grevis2 - what indicators are you using to make your predictions of the share price?

A nice 525,815 buy has just shown up above the offer at 6.5p

looks like they have entered a range. They may be around the 6-6.5 mark for some time now.

any one know when interims due last year it was 31/03 since then directors been snapping shares up their no fools...


Envesta Telecom PLC
Director Dealings

Shares in issue: 229.6m 1p Ords

Transaction
Name Date Type Amount Price Value Holding (No.) Holding (%) Add. Info.
Kevin Jauncey
19/01/2005 Purchase 250000 3 7500 650000 0.283
Kevin McGovern
30/11/2004 Purchase 165000 1.8 2970 870000 0.379
Kevin Jauncey
15/11/2004 Purchase 400000 1.86 7440 400000 0.174
Kevin McGovern
29/09/2004 Purchase 320000 1.6 5120 705000 0.307
Lyndon Chapman
29/09/2004 Purchase 655000 1.6 10480 1290000 0.562
Lyndon Chapman
20/05/2004 Purchase 100000 2.2 2200 635000 0.277
Mark Heraghty
20/05/2004 Purchase 2000000 2.2 44000 2000000 0.871

who is the 8m holder ?

Envesta Telecom PLC
Major Shareholders

Shares in issue: 229.6m 1p Ords
Major Shareholders Amount % Holding
Schweco Nominees Ltd 0 5.70
Stephen Paul Evans 13,085,001 5.70
James Hayworth Dunn 8,000,000 3.48

Other Directors Amount % Holding
Mark Heraghty 2,000,000 0.871
Kevin Alan McGovern 870,000 0.379
Kevin Jauncey

look like buyers coming back this afternoon, any idea what's going on to those profit taking in past few days? I am still in and topped up even not at the lowest price, but still in profit. :-)

Good time to top up on weakness.

I agree, should get in b4 it's too late. It may close in blue.

buying price up to 6p again, picking up!!!

Where's this going anyone.

MS

Has anyone any thoughts on this company today as there have been over 6M trades so far this morning with current range 5.3/5.4?