.

Hi Pete.

EVS offer two aspects on calling cards, the wholesale supply to card operators and the actual cards themselves to partners and resellers.

The wholesale offering has maintained share and margin primarily through a firm PQ ration (price v quality) - this can take a long time to get right in this market, took me over a year, but once you have it then the business will stay loyal and grow. The weakness on this is that EVS is primarily UK based in this market, which is by far the most competitive market going, hence actual bottom line will never be as good as it could be if the base was to be expanded.

The cards themselves are, I believe, more European based, which is a good thing, the market is simply enormous and the biggest single difference between the UK and most of Europe is mobile access to freephone numbers and the levies and charging relating to that access. Quite often a view against the card market being sustainable is the proliferation of mobiles, however mobiles have INCREASED card usage in Europe, not decreased it.

CCR is aonther matter - personally I am not a fan of the actual product for the use of international calls but I can see that it has a market, and to be honest it only needs a tiny tiny share of the international calling market to make a massive difference to EVS given where they currently sit. I am more intrigued by the various possible uses if it as more of a personal numbering system, there are lots of commercial applications being looked at that do not have any internatinal aspect whatsover.

Prodcuts aside, it is the company itself that impresses me and has lead me to increase my holdings over the past few months. The overheads are very low and the subsequent net margins are therefore higher than avergage for the niche industry.

RED

No, I wasn't, I just helped with the research and discussion.

It's like coming home on here!

Can anyone answer this question from Investalvirgin so I can email him back?

Ta

Hi C,
Not sure if you can help with this, a while ago I tried to set up the
streaming chart prices on moneyam (like ad vfn do where you view for 30
seconds or so). However whenever I try to access the moneyam homepage I get
an internet explorer message box saying "Internet explorer has encountered a
problem and needs to shut down", I then get kicked out onto my desk top
screen and have to start int explorer again. So at present I can't access
moneyam.
Any ideas....?

advans,

I would suggest that they run a windows update and make sure their browser is as up to date as possible. It may also be a conflict with a pop up blocker. A website cannot cause this behaviour in a browser so I would certainly suggest the update. Perhaps even try a different browser to see if that makes a difference,

Ian

Thanks Ian, much appreciated. If it's any consolation, your service levels have impressed me and a few others and are far in excess of our old forum!

Thankyou!

Only one MM now on the bid at 3.8p with the rest at 3.7p.

It has been constant selling this morning and the chart and technical indicators are looking weaker.

2LB many thanks for the industry insight - some of the best non-EVS specific but relevant info for a good while much appreciated.

cracking post LB

Here to help and to learn.

What are the general thoughts on todays double tick down?

I did some interesting analysis last night regarding the comparison between EVS, the telecoms sector and the other companies in that sector. EVS has dropped remarkably in comparison, despite out-performing the others on the core financials.

What I am finding more interesting is the drop off in volumes - I think a stand-off approaches where the volumes will almost grind to a halt, the EVS share price is starting to do a very good impression of the UK housing market...except that it doesn't have the same shaky foundations.

2lb, I still maintain that until EVS release the next results and an update on CCR, they are still an unknown quantity. The market has seen what was previously a rather ropey situation do an impressive about turn, but so far, has only one decent quarter to look at.

As I have said before, we can all have a few good months, proving it is maintainable is what the market wants to see.

The consistent selling over the past few months has only been down to lethargy and impatience. A few times I have been tempted to buy something else by selling off some of my holding, and that is not down to needing the money, just doing something with it in between the wait!

If anyone's got any funds left its a great opportunity to top up imho especially if there is any further dip. The company must be somewhat perturbed themselves at the sp and I would think will be itching to put out an RNS by about mid June.

Cracking post LB

EVS decline - it is doubtful to be company specific - I am sure you may have heard through the grapevine if it were 2LB?

I personally see the decline as traders moving on, burned investors taking a hit and moving on, bored investors taking a profit and moving on - etc.

I really do think EVS needs another positive update, especially with respect to CCR to whet the appetite of investors/traders once more. This hopefully will be within the next 5 weeks.

The price could end up lower still, but if it is not seen as a reflection of the companys performance, or the fair value at the time - I personally will add shares. But in no hurry.

I have seen this scenario before - profits will come to the ones willing to wait, unless of course something does go wrong.

peteark - can you get charts and news feed in the header as per ADVF N threads?

Fair comment advan - for once this is where Muf had a point, lack of activity and news can drive impatience and apathy, however you can clearly see this tailing off in the dropping volumes.

I am not aware of anything company specific, good or bad.

Speak to QUIN about adding charts here.......I will be away soon

Before anybody asks, that was not me selling a million!!!!!!!!

Do you mean the 375 + 375 + 250 ??

Or is there another million coming through !!!

Million T trade sale went through after the buys. Equalled it all out again!!