Updates

eServGlobal

February 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.

No update on the Mastercard Send joint venture although ESG said it saw two significant orders in its legacy business, which had been expected to be signed in December, eventually signed in January, with the full value recognisable over a three-year period. No biggie. The legacy business has long been an open wound but will break even this year and isn’t really central to the story as it is Mastercard Send that is potentially transformational. Keep on buy list and expect one of the CEO’s “boulders” to show up - a big bank customer for Mastercard Send. ...

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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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