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.

Well said superjock! A 2.1 million buy at 4p has just shown up. All very positive!

Keep hold of your stocks folks. The fun has only just begun!

grevis2: i had a call from my broker earlier this morning offering me 4p for my evs stock, this was when the on screen bid price was only 3.7p

I'd be interested to know what you make of this.

Thanks

Paul

i have made a smallish buy to take me to 37500 @ 4.05p. guess what? its cheaper now.

paulbrooks71: That can only mean the broker is trying to fill a large order without going to the market. I remember it happened to a friend of mine who the broker knew had a large holding. The broker tempted him to release his stock after which it more than doubled. The omens are good me thinks!

superrod: Not by much! The latest trade has just gone through at 4.00p. The fun has only just begun, Keep smiling!

grevis2
i dont buy unless i think its a winner. have been watching the movement the last few days and cant see a reason why it shouldnt continue. ( this from a guy who bought SEO last frday for 10.05p........NOW 15p bid ) :o))))))

Do Envesta have to make any announcement to the market/stock exchange when their price rises by so much or quickly?

my understanding is that the price rises or falls by a certain amount a co has to release an rns. either saying they have no idea why or spilling the beans. i have no idea what that rise/fall may be, just something ive read on other tyhreads, so it might be garbage.

There should be an announcement soon regarding the new "mass market product" that is to be launched and results are out in the next couple of months which should be even ahead of Envesta's expectations, that is why the price is rising coupled with a relatively small market cap. As always, DYOR but the PE ratio should stil be in single figures when the results are out and they should give guidance for significantly increasing profits along with the new product. This should provide the small investor with the double whammy of increasing profits and an increasing PE justified by the profit growth, this is pretty much what happened at ASOS. I have bought in significantly, my mate has put his mortgage on the company but remember, it is still a small cap with all of the inherent risks, in my opinion, the upside on this share is significant!

Well said ehall. Spendid day. Just hope none of you were shaken out. More to come. Good luck!

Top % Gainers
# EPIC Name Price Chg %

14 EVS Envesta Ord 1p 4.0 0.6 17.65

Hi guys! Nice bit of consolidation around 4p. Needs to steady around this area before the next big push forward. Plenty of volume in the last few days. Someone decried that MM buy of 25K. That's a sure sign that one of them had run out of stock. All very positive. Would expect to see 5p tested some time soon, but not today.

Thanks Grevis for news of MM. Will hold onto my shares for some time still - looking for 8p after results maybe?

momentarily in profit.......ah well, cant get rich overnight

Checked number of shares bought v sold this week = +26million.

Any theories as to why the mm's are holding the sp back?

I suspect that they are getting shares from somewhere and holding the sp back until the "significant product launch". Demand will go ballistic and they will rocket the sp making "loads o' money". Or they don't have any shares and are waiting for the product launch before rocketing the sp counting on profit takers for their stock. Either way in the words of Yazz "the only way is up".

IMHO the sp is based on the future potential of the company. Therefore I think this share is grossly undervalued and should be at 12-16p. If I had any spare cash I would put in to EVS. ALready got 35k in. DYOR.

Taken from iii..........


A recent brokers note stated on fundimentals the shares should be trading at 5p. Looking at EVS's recent trading statement the annualised run rate would suggest the analyst's forecasts are on the low side and will have to be updated. We are seeing a catch up situation here, coupled with managements ambition, which hopefully will make todays share price look cheap.


I've been looking around for a better value buy then EVS but still no luck!

The broker recommendation as you say is at 5p as a fair value price so buying at 2p was a good idea! However, the financial figures on which the forecasts were made are now out of date according to the EVS trading update and the fundamental value of the firm has increased since the calcultaion was made due to recent trading ahead of expectations. This is very positive really as the broker will then issue a new note once the results are published with a revised upwards fundamental valuation of the firm!

Not only that, if you look at the recent history of EVS news and broker research, all point to revenues increasing and consistently ahead of the predicted levels! Late night last night.....?

I believe with the above news, there will be more upside this coming week

Morning all. I absolutely concur with your positive sentiments. It would seem from this morning's strong opening that many agree with you. The bid has slipped back a bit but don't be tempted out. We've yet to see the best from these. Interest is still growing in EVS and the MMs are not exactly flush with stock. With a market cap of around 9 million and projected profits of &750K for 2004/5 and 1.62 million for 2005/6, this stock has further to go. If the latter proves correct then we are looking at a forward PE of around 5.55. For a growth stock that makes EVS remarkably cheap. With a significant product launch due any day now, I would expect this stock to test new highs before the week is out. Good luck!