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eServGlobal - HomeSend signs up very large bank

April 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ESG
  • Price:
  • 8.4p
eServGlobal has reported results for a 14 month period to end December in order to realign its own year end with that of its HomeSend JV in which it has a 35.69% interest. As it has already reported 12 month figures, these numbers are largely of academic interest (sales A$12.2m and loss of A$15.2m) but more important is that HomeSend is gaining traction with 20 agreements secured with banks together with a strong pipeline. One of the “world’s largest global financial institutions” has just been signed and live transaction volumes are building and longer-term success seems assured. FinnCap sets a target price of 20p. I am a buyer. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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