EVS - Envirosuite (was PEH)

[Lizard]

Decided to start a new thread for this one, although it has had a mention a while back on the micro-cap thread.

Very illiquid, so read no further if this is an issue!

Market cap only $4.7m at last traded price of 4.8cps, although current bid at 5cps after positive 4C today and offer at 6.2cps. Has recorded $12.2m in cash receipts for FY and $1.2m in op cashflow, with majority of that in the last quarter.

The company is engaged in environmental consulting, listed 2008 and with significant board and management changes in 2012 setting it up for a move into profit. The recent May presentation (http://www.asx.com.au/asxpdf/20130514/pdf/42fwb0ykmld256.pdf) gives a good background, so I won't rehash it here. :)

My only reservation is that there is convertible note borrowing from an Executive Director, Robin Ormerod, which is significant ($1.8m) and, more concerningly, the terms of this note were re-negotiated a year in advance of expiry with an announcement buried in the Christmas-New Year break which markedly improved the terms of these notes for Mr Ormerod in exchange for extension to June 2017. The terms allow him to convert the notes at 3 month VWAP prior to signing of the loan agreement - which according to my enquiry to the company was 3.37cps, so equivalent to about 53.4m shares or about 54% of current equity. There are a couple of safeguards, including the company's ability to repurchase and prevention of trading in converted shares for more than 10% of issued capital in the first 4 years of the agreement (i.e. beyond the life of the loan), so it is not completely one-sided.

PEH appears likely to report a profit for FY13, although second half will likely be lower than first half ($700k) due to seasonal slow-down of consulting works in January, but could trigger some interest. Acquisition activity is expected to form part of future growth.

[Lizard]

Creeping up a little waiting for result with last trade and bid at 6.5cps... and offer at $1 :eek2: May need some keener sellers than that before it will trade.

Volume has been so thin, that there have been only a few $k through since last post - accumulating for the result is probably not too realistic here.

[Lizard]

Strong result out with strong commentary. If they weren't so illiquid, I'd try and pick up some more! Buyers at 6.8cps, sellers at 7.5cps. I value at 12-14cps, but with a caution re possible conversion of the convertible note.

[Lizard]

Has pushed up to 8.5cps, so looks firmly on the recovery path now. Plenty of upside and a few more available around these prices, so may be possible to get a few around here.

[Lizard]

Offer price has slipped back to 7.5cps offer and very little on the bid. Flagging the final stages of an acquisition in todays AGM speech, so suspect they are on the hunt for capital to finish the deal. Will be interesting to see what the quarterly shows in terms of start to the current financial year.

[Lizard]

Quarterly looked solid, with positive op cashflows and good receipts (although not as strong as last quarter). Market cap of $7.7m is low given they have nearly $1m in cash now and improving cash flows.

Given the lack of liquidity, I think it is worth having a few now, with an eye to the likelihood of an spp should their acquisition plans require cash.

[Lizard]

Presentation out as they try to rally investor support for a potential acquisition:
http://www.asx.com.au/asxpdf/20131101/pdf/42kkygxlbxcvt7.pdf

Reads well.

[Joshuatree]

Thanks lizard ;picked up an initial stake today.

[Nigel]

Thanks lizard ;picked up an initial stake today.

I've picked up a few recently - looking very cheap on a P/E basis. $1m NPAT last year and market cap is only $5.5m! PE of 5.5? This is cheap. Very illiquid, tightly-held stock (top 20 accounts for 67% of th ecompany, and I don't think they are going anywere). Very bullish presentation - positioned for growth and an exciting future. Someone obviosuly needs some cash - hence the recent sell-down. I've been happy to grab some (IMHO) undervalued shares - couldn't resist!

[Nigel]

Great contract win announced today. Just the first phase of this 3.5 year deal represents more revenue than any of their other deals since listing on the ASX! Big scale win, on the back of announcing Bill Haycock joining the company as General Manager, Business Development. Bill is a big player in the environmental services sector and the former president of the Environment Institute of Australia and New Zealand (EIANZ). Fingers crossed for growing revenues - this massive win announced today will certainly help beef up the balance sheet! Still only a $6m market cap (was up around $8m recently but has eased back).

[Lizard]

Yes, I thought it looked good - no value on the contract, but excerpt below sounds promising:

Pacific Environment Limited is pleased to announce that it has secured a major infrastructure contract from a key government department to consult on and deliver a state of the art air quality monitoring project.

The commercial details of the multi-year contract will remain confidential, however the project will involve industry leading modelling and instrumentation across multiple sites. The first phase of the contract alone will be the largest project that the Company has implemented since listing, and there is strong potential for further work over the coming years.

Even more fortunate for those not holding is that there is no trouble whatsoever picking up as many shares at 5.9cps as you like, since someone seems to have to decided to unload there in 50k share lots... :)

First half was a little disappointing, with fall in revenue and only $55k NPAT, but hoping this will help them pick it up in second half or next year.

(NB: I would allow for full dilution from the convertible note - i.e. another 53.4m shares in any value calculations.)

[Joshuatree]

Hi Nigel and lizard.Back in myself today ;all i could eat @ 5.9c too good an op not to be true:).

[Bobcat.]

I have a bid in the low 5's, expecting falling Equity markets to bring out the sellers.

[Nigel]

Hi Nigel and lizard.Back in myself today ;all i could eat @ 5.9c too good an op not to be true:).

I'm hoping Mr 5.9c has gone now (maybe he finally read the announcement and is kicking himself!). Next stop 7.4c.

[Joshuatree]

Hope so too . Just in case I placed a lower buy as well like you BC but i don't like to telegraph it.:huh: Seems an insto or Individual is sticking to their game plan of moving funds elsewhere regardless..

[Nigel]

Hope so too . Just in case I placed a lower buy as well like you BC but i don't like to telegraph it.:huh: Seems an insto or Individual is sticking to their game plan of moving funds elsewhere regardless..

I think the opportunity to buy in the 5s may have passed. You may still get some in the 6s, but it wouldn't be too surprising to jump quickly to the 7s or beyond. Low liquidity means not too much stock comes on offer too often - Mr 5.9c was a significant irregularity (and significant opportunity for those who picked up stock)!

You'll have seen the additional information about the recent contract win - over $1m in revenue for the first phase of the deal. Not too bad for a company with a market cap of only $6m or so. And deals of this magnitude tend to attract other large deals (assuming execution goes well, and we have no reason to doubt that it won't).

Exciting stock to be part of (for those with a medium-long term outlook).

[Joshuatree]

You're wrong wrong my friend I got my order @5.5c. You sounded good tho:)

T/H today . buying another business.

[Nigel]

I got my order @5.5c.

That's got to be good buying at 5.5c. Well done.

It will be very interesting to see what the acquisition is, and how the purchase will be funded.

I also hold a bit of CZI which coincidentally went into TH today as well, pending an acquisition announcement. Exciting week for me :) (potentially an expensive week if both companies want to fund via a capital raising!)

[Lizard]

I thought the acquisition looked good. Not a lot of rush to buy - s.p. moved to 6.9cps on light volume.

Only issue I see is that there may be some cash drain for a while, as probably require additional working capital. This may also increase the odds that the convertible note debt is converted rather than repaid.

[Nigel]

Yep, I'm happy with the acquisition. Solid looking, complementary business with growth prospects. This stock flies under the radar so I'm not expecting a big reaction from the market. Reaction will come with consistent wins and corresponding improvement in financial performance.

[Lizard]

Result looked on track to me and commentary is all solid, so not sure why this has slipped so far back again of late. Possibly just lack of liquidity and concern that the convertible note will still convert. Has been trading as low as 4.9cps, but currently at 7cps.

[Joshuatree]

Yeah NPAT up 28% to $1.3 mill . cash $1.283 mill. Mkt cap now $6.9 mill. Great outlook. Only 125,000 shares thru today atp.S/P up 40% (2c)

[Westboy]

Myself and a colleague sat down with the CEO and the then CFO a bit over 12 months ago. The reason we did was because the company had changed management and appeared to be headed in the right direction.

I was very impressed with the new CEO Peter White. He had done a great job turning a huge cloister ****
into a business that was scratching out a minimal profit. The plan for future was for a rollup in the sector. Now getting into a rollup in the early stages can be every rewarding so we left the meeting with the idea that we would be contacted if and when they needed capital and we would have a look at what they proposed.

The concerns we had to look at if the needed capital were, 1) exposure to the mining sector 2) liquidity and 3) convertible notes.

As it turned out they have only made a paltry acquisition since then that they funded that from cash so not sure where this company is headed.

As for the 2014 accounts, sure they made $1.3M NPBT and they wont pay tax anytime soon, but nearly $1.1M of that profit was from government handouts in one form or the other so it actually wasn't a great result. The mining slow down has hurt them in 2014 for sure and that may hang around for awhile.

Cheers

[Lizard]

Trading halt for another acquisition. Maybe this time?? Still at 7cps.

[Joshuatree]

Have bought DLA Environmental, a 15 year old business @ 3 times Target EBIT of $918,000. S/P 7.4c. Great growth/feel good sector to keep adding to.

[Westboy]

Have bought DLA Environmental, a 15 year old business @ 3 times Target EBIT of $918,000. S/P 7.4c. Great growth/feel good sector to keep adding to.

Yep good little acquisition for them, and they are paying the right price, If they keep that up they have a high chance of pulling things off.....I don't usually like debt funded acquistions but with interest rates so low it makes sense as on a risk adjusted basis the cost for debt if far lower than cost of equity in this current crazy world!

[Lizard]

I'm not sure what is holding the share price back. Maybe "overhang" from the convertible notes? Even allowing for convertible notes, this one seems a good prospect for a micro-cap in my opinion.

[Joshuatree]

And its with Canterbury regional council here in lil old NZ


Overview


ASX AnnouncementAustralian Securities Exchange


FIRST INTERNATIONAL CLIENT SIGNED FOR ENVIROSUITE





First international contract signed
Supports current technology commercialisation project
High potential for further international sales
Growing sales pipeline for EnviroSuite
Pacific Environment Limited (ASX: PEH) is pleased to announce its first international sale for itstechnology product, EnviroSuite. The client is Canterbury Regional Council, based in Christchurch,which is responsible for servicing New Zealand’s largest Region.
Pacific Environment’s CEO Peter White commented:
“This is an exciting milestone for our technology and validates our current commercialisation projectthat will see a quantum leap in the performance, functionality, user experience and overall commercialappeal of the new cloud-based Software as a Service platform, EnviroSuite 2.0”.
“In recent months we have seen a significant increase in the sales pipeline for EnviroSuite includingadditional potential overseas clients. Discussions have been held with potential channel partners
in the USA, Asia and South American markets. We will be looking to progress further internationalopportunities as we near the completion of EnviroSuite 2.0 in early 2015”.
See Appendix to this release for a summary of the current facilities served by, and market potential for,EnviroSuite – as well as a summary of the Canterbury Project.

[Lizard]

Yes, that was an interesting announcement, although reading the specifics of the application, I find it hard to see there being a lot of revenue in it for a single deployment - would think they would need quite a lot of contracts this size to build serious revenue from it.

[Lizard]

Trading halt pending a significant contract announcement...:)

[Westboy]

Trading halt pending a significant contract announcement...:)

Who goes into trading halt to announce such a thing!

Management have not done what they said they would do over the last 18 months. For holders I hope that changes!

[Lizard]

This may not be the first attempt at a break-out since this stock first came to my attention, but it looks like the first attempt on any volume. Looks like closing at around 9.0cps (last bid 9.2cps).

6589

[Joshuatree]

11c today , double bagger., for me. New $4 mill 5 year plus contract withNSW transports West conned delivery Authority

[Joshuatree]

15.5c now and plenty of buyers.

[Lizard]

Father Christmas is being rather generous to me this year...http://www.aussiestockforums.com/forums/images/smilies/2256.gif

[Joshuatree]

Thats a tiny Xmas bauble but its bright.

Meanwhile PEH shoots out of the gate this morn @17c, triple bagger plus.
1,175,746 on the buy 245,734 on the sell. I plan to sell some.

Getting some relief from my Dogs and fleas.

[Joshuatree]

The PEH founder chose to partially convert (@3.3c)his convertible notes today and stopped the momentum dead.

[Lizard]

No wonder, that equated to 16% of the company that was issued (16m shares, 99m shares on issue).
And there is more than double the amount still to be converted. Add another 30% of equity that's in options outstanding, and the company's EPS probably needs to be halved to get its true value.

Yep. Convertible has been foreshadowed a couple of times on this thread, including the first post, since the calculation was obscure. Options a bit more obvious (and mostly added later).


]
My only reservation is that there is convertible note borrowing from an Executive Director, Robin Ormerod, which is significant ($1.8m) and, more concerningly, the terms of this note were re-negotiated a year in advance of expiry with an announcement buried in the Christmas-New Year break which markedly improved the terms of these notes for Mr Ormerod in exchange for extension to June 2017. The terms allow him to convert the notes at 3 month VWAP prior to signing of the loan agreement - which according to my enquiry to the company was 3.37cps, so equivalent to about 53.4m shares or about 54% of current equity. There are a couple of safeguards, including the company's ability to repurchase and prevention of trading in converted shares for more than 10% of issued capital in the first 4 years of the agreement (i.e. beyond the life of the loan), so it is not completely one-sided.




(NB: I would allow for full dilution from the convertible note - i.e. another 53.4m shares in any value calculations.)

[Westboy]

I met with management circa 18 months ago and the convertible notes issue was discussed. It is very disappointing to see what was said in the meeting. ie convertible notes wont be a real issue has not transpired.

[Lizard]

I met with management circa 18 months ago and the convertible notes issue was discussed. It is very disappointing to see what was said in the meeting. ie convertible notes wont be a real issue has not transpired.

It is worth reading the original notice of meeting from when the issue of notes was approved. In particular, Annexure A contains Robin Ormerod's letter to shareholders in regard to this issue which will give a better overview to the history. I also note that the 3.37cps price was identified in there, although I had not picked that up earlier and had only noted that from an email enquiry I submitted earlier in 2013. http://www.asx.com.au/asxpdf/20130927/pdf/42jnqst8s6vvws.pdf

From the latest substantial holder notice, it appears that only a very few of the converted shares have been sold so far and that Robin Ormerod continues to hold the vast majority of those issued, with little apparent likelihood of selling. He is also foregoing the 11% interest by converting, with no guarantee that he will ever be able to sell his shares - a risky proposition since he took out his own loan in order to provide funding to the company.

The large selling in December seems likely to have come from one of the other larger holders with no more than 6m shares, which are likely to have all been sold by now and may have been sold for reasons unrelated to PEH prospects. Of course, it is also quite possible that there was a little pump required in order for the broker to find a market for such a sale.

[Mista_Trix]

Were you watching Hotcopper during this time? Plenty of pump going on there!!

I think a lot of people got taken for a ride. A good company, but well overpriced at those higher levels.

[Joshuatree]

15c atm .HaVe sold 20%.

[Joshuatree]

16c atm .Am sitting

[Mista_Trix]

Really nice looking website, announced earlier today - www.envirosuite.com/

[Mista_Trix]

PEH starting to run Webinars for product demos;
http://envirosuite.com/npi-reporting-webinar-save-time-effort-cost/

Wasn't too happy about the low uptake of shares in the SP, but then again I didn't participate and grabbed some more on market for 8.2c, so maybe more people were thinking it would hang lower for a little as well.
I think the company looks to be gaining forward momentum with the new product (and they're appearing at a lot of shows etc at the moment), but the shareprice got hammered by the convertible note sell off and ending up on the Hotcopper daytrading boards.

It still doesn't feel like its priced correctly.
Any one else still in this?

[Joshuatree]

Hi MT; yep I'm still hanging in with the rest of my shares after selling some down earlier @ 15c. Haven't looked at them for awhile.Only re 14 lookers on the ASX threads atm; not a lot of int in aussie stocks unfort .

[Joshuatree]

Elsewhere,Daytraders and notable rampers have latched on to PEH which we have to live with,short term s/p boost ?

Announcement out today regarding potential acquisition with global subsidiaries and further j/v proposals. See below


PDF (http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01643362)

[Mista_Trix]

I don't mind so much, I got orders filled over the last couple of months at 8.2c and 8.5c (bringing my average down to 9.2c) so am feeling pretty happy right about now.

Even if it does get ramped and dumped I'm happy to buy the dips again when they come, although I'd like to see some more sustained growth, as the company itself is definitely starting to hit its stride, and does have some SP gains to be made for sure. If they're too steep again though it will scare people off, or bring out those sellers stuck from last pump.

[Fuzzy Dunlop]

PEH was in the top 5 most discussed on HC today; the orchestrated hype is a sight to behold. I for one wasn't done at sub 10c so hopefully we end up back there like last time

[Joshuatree]

Was it what. They are so transparent its hilarious ;...for about two seconds. Pump and Dump , Rinse and repeat; may sell some more of my bagger into it if it reaches my price point.

[bung5]

Still looks good from a growth prospective. Very intersted to see the FY results next month.

Looks like they trying to transition into more of a technology company

[Mista_Trix]

Still looks good from a growth prospective. Very intersted to see the FY results next month.

Looks like they trying to transition into more of a technology company

I'd say they have transitioned, given their major sales proposition at the recent conferences. They've moved from being a consulting firm with tech in the pipeline, to a tech firm with consulting to help keep it 'best in field' and their credibility nice and high.

I know there's a lot of pumping going on, on places like HC, but honestly there seems so little downside to this stock at the moment, especially given the social pressures in play that will only increase about cleaning up the world, and monitoring the impact we make.

You may or may not believe in climate change, but regardless anyone can see human kind has a negative impact on its environment... that is, until its measured and monitored, and kept in check... of which their value proposition includes all of that mentioned.

[Wolf]

The pump on hc makes me feel sick.


Compare PEH with its peers and you will find how undervalued PEH is, one example is AEI, re rate from 10 cents to a high of 52 cents stable at 42 cents, higher market cap than PEH and PEH have an extra ten services that AEI does not have that are in demand today more than any other time in history with a one of a kind software enviro suit, every time I research PEH I end up buying more, will be buying more on Monday if it gives at 12 cents.
Someone has even come up with a new way to value companies! By how many services they provide! :ohmy:

[Wolf]

Out at 15.5c
Hopefully i don't regret it haha

[Mista_Trix]

?? Completely??

Right as they're starting to make traction??
Did you see their tweet today re: China article and hints of international sales?
https://twitter.com/PacEnviroLtd/with_replies

[Joshuatree]

Well my sell got hit today and I'm well in profit and free carried on just under half my original stake. Thanks for the twitter Mista Trix a first for me:t_up:.China is Ginormous and its afeelgood place to be involved in helping clean up the planet.

[Joshuatree]

INTERNATIONAL OPPORTUNITIES FOR ENVIROSUITE (http://hotcopper.com.au/threads/2557809/)

Hit 18.5c finished @ 17c today over 6 million shares thru,lots of vol since the announcement.

[bung5]

INTERNATIONAL OPPORTUNITIES FOR ENVIROSUITE (http://hotcopper.com.au/threads/2557809/)

Hit 18.5c finished @ 17c today over 6 million shares thru,lots of vol since the announcement.



hoping on some update on this shortly to keep things going. Some big buyers were coming in after lunch. I think i saw 1mil shares go in one trade.

[Lizard]

I sold a few today at 16.5cps. Happy to hold the rest - still doesn't seem expensive to me, but not a lot to go on and prefer to reduce exposure to volatility. Will buy some more dividend payers to take me through results season.

[Joshuatree]

http://envirosuite.com/ultra-low-cost-sensors-could-revolutionise-infection-control-risk-management/

[bung5]

EnviroSuite technology won the Built Environment award at ATC15 in Sydney

http://www.austechcomp.com/

[Joshuatree]

Well despite Ormerod converting another 10.7 mill shares and killing momentum ;this time the s/p has shot up re 20% to 15.5c.Winning the award? Hope it holds this time but not holding my breath.

[Joshuatree]

Out at 15.5c
Hopefully i don't regret it haha

Too early in PEH's life for that wolf;)

[Wolf]

Too early in PEH's life for that wolf;)

haha don't need to remind me.

I'll be back :t_up:

[bung5]

Looking good, however PEH has done this a few times and gone back down. Hopefully can finish positive today.

[Joshuatree]

Yeah , new high since 2010 and highest vol traded today too finishing at its high of 20c.:t_up:

[bung5]

Yeah , new high since 2010 and highest vol traded today too finishing at its high of 20c.:t_up:


birng on the new contracts!

[Joshuatree]

Held up today 20.5c (hi 22c),re 5 million shares through.Too exciting not to micro manage for the moment anyways.

[Joshuatree]

Ann: FIRST USA PARTNER SIGNED FOR ENVIROSUITE (http://hotcopper.com.au/threads/ann-first-usa-partner-signed-for-envirosuite.2652274/?post_id=16515849)

[Joshuatree]

Market update (http://hotcopper.com.au/threads/2668456/)
ENVIROSUITE SALES UPDATE (http://hotcopper.com.au/threads/2698596/)
NEW ENVIROSUITE WINS (http://hotcopper.com.au/threads/2701807/)
ENVIROSUITE WATER MODULE - CLIENT TRIAL (http://hotcopper.com.au/threads/2710354/)
Partnership with Libelium (http://hotcopper.com.au/threads/2718085/)
S/P down and flat despite some good announcements and first contracts with Thames water.
12c atm. happy to sit free carried for now but if it droops again may have to rethink. Hopefully the Thames water contract will underpin from here.
Good decision for your trading situ wolf.

[Joshuatree]

Forgot to add the biggie; a real feather in the cap for PEH .EnviroSuite secures Thames Water (http://hotcopper.com.au/threads/2726675/)

[bung5]

Forgot to add the biggie; a real feather in the cap for PEH .EnviroSuite secures Thames Water (http://hotcopper.com.au/threads/2726675/)

That was announced last year?

[Joshuatree]

No not that i can find ; its a new one.Just need a few more to get the s/p going again. Initial Thames contract for two sites for 1 year @ $300,000 ,potential for30 sites.
Update
EnviroSuite Investor Update (http://hotcopper.com.au/threads/2729935/)

[Wolf]

Suprised to see them back at 10c.

Was disappointed by the half year results but liked the update the other day.
My concern is that I think they will need another capital raising shortly.

[Joshuatree]

Now we know cap raise for sophisticated and professional and Instos; no wild animals or trees allowed to participate.

[NZSilver]

when are PEH likely to make a profit?

[Joshuatree]

May the 8th @ 3.31 am .Choose your year.

[Joshuatree]

A$2.15 mill placement to new instos etc @ 9c for international expansion, ongoing tech development and that chestnut"general working capital purposes".
s/p today 9.9c not much volume thru both of which are a positive atp imop. Im free carried and sitting a bit longer(twiddles thumbs).

[bung5]

This company really flying under the radar. The last few months been signing up a load of clients on environment software and the price staying flat.
latest trial with US Regulator air quality in south California.

At 15mil Mcap this stock has potential to serious re-rate over the next 12 months

[Mista_Trix]

This company really flying under the radar. The last few months been signing up a load of clients on environment software and the price staying flat.
latest trial with US Regulator air quality in south California.

At 15mil Mcap this stock has potential to serious re-rate over the next 12 months

Couldn't agree with you more :)
- I see you use the same handle on HC, as do I.

Great company, hopefully the forthcoming name change (and likely associated industry change) will give it the Tech kick the SP needs. I honestly believe there is a MASSIVE re-rate coming.

[bung5]

Couldn't agree with you more :)
- I see you use the same handle on HC, as do I.

Great company, hopefully the forthcoming name change (and likely associated industry change) will give it the Tech kick the SP needs. I honestly believe there is a MASSIVE re-rate coming.

The seller that keeps reloading at 9c has to run out eventually!

[Mista_Trix]

The seller that keeps reloading at 9c has to run out eventually!

Why on earth you wouldn't let it run a little and then smash it down is totally beyond me, they're going to get a worse price doing it the way they are.

... I also don't understand why someone would be offloading at the previous cap-raising point following the most recent two announcements. It makes no sense, unless they're in a position where they're being forced to.

[bung5]

Thought quite a bit about this over the weekend. I can only think of two reasonable explanations.

1. An investor ( possibly from the cap raise ) has been instructed for unrelated reasons to exit at similar entry price.
2. A large holder is keeping the price down to try accumulate more at a lower price. Thou there are not many "large" holders I can see that would be inclined to do this..

I wouldn't of thought the next contract sale is too far away to get the market interested again.

Thames water trial is months away from finishing and a full roll out will be worth substantial $$ to a 15mil Mcap.

[bung5]

The news to partner with a major US firm to roll out across the US has managed to bring enough volume to get thru the seller.

Hopefully the volume will stay strong.

[bung5]

bump - volume and interest starting to pick up on this stock now

[Joshuatree]

CEO holds re 67 mill shares now on final conversion of loan to shares @ 3.3c. Whats that, roughly a third of PEH shares for an outlay of $2.2 million( does he have shares originally for free as well?). Just feels a little self serving, sense of self entitlement, and with directors etc coming and going frequently I'm uncomfortable with this ; have been out a while but still watching. Love the environmental sector and hope I'm wrong atp.

[bung5]

CEO holds re 67 mill shares now on final conversion of loan to shares @ 3.3c. Whats that, roughly a third of PEH shares for an outlay of $2.2 million( does he have shares originally for free as well?). Just feels a little self serving, sense of self entitlement, and with directors etc coming and going frequently I'm uncomfortable with this ; have been out a while but still watching. Love the environmental sector and hope I'm wrong atp.

Yes but remember he loaned the money to PEH when the SP was at the 3c level and took all the risk. He believed in the company and now is rewarded .
He could of taken that 2.2mil and bought shares on market ( albiet be a bit harder to get them all at that price)

[Joshuatree]

He had more info then us about any or minimal risk and now has a third of a nearly $20 mill mkt cap company for re $2.2 mill maybe less ;with all the dilution that goes with it.I don't feel he has shareholders interests at heart but thats just my thoughts.

[bung5]

Renamed EVS.asx - Envirosuite

[Joshuatree]

Ive got it in the ASX share comp. Currently don't hold any and not reccoing them. BUT if the Thames after trial IS successful things could turn around fast. another cap raise could also be on the cards.Too risky for me atp but hope it happens for holders.

[Joshuatree]

Sale of Consulting for $15 Million (https://hotcopper.com.au/threads/3385986/)

Quite remarkable that he has sold the above for the mkt cap of the whole company!!! :scared:U p 1cent today and still no news of sales of monitoring equipment

[Joshuatree]

Significant Contract Win (https://hotcopper.com.au/threads/3715932/)
FY2017 Revenue Clarification (https://hotcopper.com.au/threads/3657606/)
Investor update (https://hotcopper.com.au/threads/3700086/)

Quite a break out atm ,nov last time it was this high.Still watching.

[bung5]

This company really flying under the radar. The last few months been signing up a load of clients on environment software and the price staying flat.
latest trial with US Regulator air quality in south California.

At 15mil Mcap this stock has potential to serious re-rate over the next 12 months



took a bit longer to sign these trials into converted sales than I expected but now they seem to be at the tipping point in terms of growth.

[Mista_Trix]

Aaaaaaaand finally EVS is starting to look healthy again. Just experienced the 50/200 MA cross on volume after 18 terrible months under the line, plus a string of higher highs and higher lows and breaking through the 8.9 resistance at close on Friday.

I've increased my position significantly recently.

Should be an exciting few weeks!!

[Mista_Trix]

So it looks like this is going to be the third day where someone has straight up bought 500,000 shares at open. The previous was yesterday, and from memory the one before was sometime last week.

Clearly someone wants in, but doesnt want to move the SP too much while doing so.

[Joshuatree]

A win for EVS holders (not me ) , s/p up re 39% today.
Major contract win (https://hotcopper.com.au/threads/4194370/)

[Mista_Trix]

Aaaand I'm significantly back in the green. This company is finally looking really solid - it was only a matter of time.

[Yoda]

https://storage.pardot.com/501081/35155/Envirosuite_20180803_Sector_Focus.pdf

i received this yesterday from hottcopper advertising with a short paid blurb .
and then i found this tread ...
it does look interesting so will maybe try a small holding for a while and see how it plays out .
are you in yet JT. .?.?
you seem pretty happy MistaTrix .....
the SP does to fluctuate a bit , but that seems common for new companies on the cusp of something big...

[NZSilver]

Hi Yoda, its one i have followed for a few years, but never bought in. Looking at them quickly they are getting a little low on cash at this point - poss cap raise coming? also it kind of put me off when i saw the hotcopper email come through. Id say it will go lower before it goes higher

[Yoda]

Thanks NZSILVER, words of wisdom . Ive been stung before with the hypes and buy at a bounce only to be disappointed. I must learn to go with the tortoise, and not try with so many rabbits .

[Joshuatree]

Im not back , took my bat and ball and profits and while i like the environmental sector aspects ive lost confidence in the founder and managing Director and the business. i hope another cap raise isn't necessary but long term holders may welcome it as it builds scale and moves to a healthy financial state hopefully. So just a personal decision.i have a mate who I value highly for his research and analysing skills who still in fwiw. i have considered a swing trade but forgot about it as i do.

[bung5]

This company is finally looking good again. Aprox 11mil cash in the bank with 30mil mcap with projected annual reoccurring revenue projected to grow at 100pa for at least the next few years. If they can hit those projections its going to rocket the shareprice.
Quaterly sales update due out in the next week... lets see.

Disc: I've been accumulating

[bung5]

This company is finally looking good again. Aprox 11mil cash in the bank with 30mil mcap with projected annual reoccurring revenue projected to grow at 100pa for at least the next few years. If they can hit those projections its going to rocket the shareprice.
Quaterly sales update due out in the next week... lets see.

Disc: I've been accumulating

And now the rocket of the share price following through..

[Joshuatree]

Yeah its look ing good bung , my bad. Good to see the founder (Ormerod sp) has stepped aside .

[Yoda]

And now the rocket of the share price following through..

Maybe time to buy a few more? ...seems to be getting higher lows .10604and keen buyers

[Yoda]

10605Lets see what happens next

[bung5]

Well fellas it took a while... congrats to those that held on.

[whatsup]

Yes onto the rebirth now that a Chinese deal has been inked and recgonised by the market, hitting on the .30 door !!!

[Mista_Trix]

This has just become my first 5x bagger.

Have sold a few (about a third at 26c) on the way up but still holding 500,000. May the party continue to continue ;)

[whatsup]

This has just become my first 5x bagger.

Have sold a few (about a third at 26c) on the way up but still holding 500,000. May the party continue to continue ;)

M T , Well done Im onboard also for a very exciting future "IF " the Chinese can deliver on our/companys expectations !!

[Yoda]

Biting finger nails re Trade halt . Hope it is a upward move .

[BlackPeter]

Biting finger nails re Trade halt . Hope it is a upward move .

They say "the trading halt is sought in relation to a proposed capital rise". I guess it is not unheard off that a capital rise leads into an upwards move, but short term I would expect some SP weakness after the games end.

[Yoda]

Thanks for that .BP , yes the price often falls back to the cap raise price , so it will be interesting to see where that is set .

Holding half what i had and free riding now from .12

[bung5]

Nice one Mista Trix , I think I have been holding similar time and amount as you!

[Yoda]

ASX Announcement
First Strategic Co-operation Agreement signed with major Chinese Environmental Protection Company BHZQ
23 October 2019
(ASX: EVS)
Highlights
• Co-operation agreement signed with Beijing BHZQ Environmental Engineering Technologies Co. Ltd (BHZQ)
• Envirosuite to be the preferred supplier of environmental solutions to BHZQ
• Opens significant distribution opportunities for Envirosuite across China
• Represents the first strategic milestone in the EVS China expansion plan

up up n away ......

[Yoda]

Hopefully the Chinese dont just copy the tech, and create their own ...... Might have to buy a few more, but have to sell something first .

[Yoda]

Trade halt....goodnews I think . Well, re last post, i didnt buy any more, but sold a few at 31. Now 6% of portfolio, which is a bit high for this type of stock.

[Joshuatree]

Looks transformational Yoda, near doubling of company

Envirosuite to buy noise monitoring techEnvironmental consulting services company Envirosuite has announced a deal to buy EMS Bruel and Kjaer Holdings.The target is an Australian based group that dominates in the environmental noise and vibration monitoring market, operating in more than 40 countries.Envirosuite will pay $70m cash, offer 135 million shares in Envirosuite and 75 million Consideration Options in Envirosuite to Macquarie Corporate Holdings with an exercise price of 20c.There will also be 20 million consideration options in Envirosuite to the minority shareholders with an exercise price of 25c, which will expire three years from the time of being granted.It has also launched an equity raising through Bell Potter, planning to tap the market for up to $85m, $70m through an underwritten placement, up to $5 through a company managed placement and $10m through a share purchase plan.Shares are being sold at 20c each.

[Yoda]

Only 2 days left to see the SPP DATE closes on 18th.
hope to see a leg up again after that .

[Yoda]

Well, down to .083. Had to buy some more after the recent new contract announcement. It could go up 300% to get to where it was 3 months ago . China needing to clean up their act after Covid could be good for this company JT?

[bung5]

I have bought back my original holding and some more . With lots of cash in the bank and all that reoccurring revenue the company is very well placed .

[Yoda]

So 2 contracts in a week. Sp seems to have bottomed at around .08 or so. With all the hype re c-19 this could be very good for the company. I hope in 2 months time the sp will be very different. I'm allowed to dream ....

[bung5]

So 2 contracts in a week. Sp seems to have bottomed at around .08 or so. With all the hype re c-19 this could be very good for the company. I hope in 2 months time the sp will be very different. I'm allowed to dream ....


Well that bounced much quicker than expected

[Yoda]

Yep! Sold 2/3 s at .31. And bought them back at .082 and today at .1, And a few at .12 this avo. Got carried away, but hopefully they dont drop much.
Asia markets seem to be more resilliant, with not having such a bull run to come down from . Hopefully that will mean more stability for firms working there, as EVS is in the China marketplace. Good luck Bung5. Hope we do well with this .

[Yoda]

Looks transformational Yoda, near doubling of company

Envirosuite to buy noise monitoring techEnvironmental consulting services company Envirosuite has announced a deal to buy EMS Bruel and Kjaer Holdings.The target is an Australian based group that dominates in the environmental noise and vibration monitoring market, operating in more than 40 countries.Envirosuite will pay $70m cash, offer 135 million shares in Envirosuite and 75 million Consideration Options in Envirosuite to Macquarie Corporate Holdings with an exercise price of 20c.There will also be 20 million consideration options in Envirosuite to the minority shareholders with an exercise price of 25c, which will expire three years from the time of being granted.It has also launched an equity raising through Bell Potter, planning to tap the market for up to $85m, $70m through an underwritten placement, up to $5 through a company managed placement and $10m through a share purchase plan.Shares are being sold at 20c each.
Still trading at a good discount to this today.
I feel encouraged to see Macquarie on board. (Not to mention all posters here, of course:p)

[Yoda]

Seems to be rising slowly. Making the beginnings of an up trend I think

[bung5]

Seems to be rising slowly. Making the beginnings of an up trend I think

Suspecting some China news/deals coming shortly. Have been accumulating last few months

[Yoda]

That would be good bung5,
it is 30% of my total, so cant put any more in. Looking for good news .

[Yoda]

https://www.asx.com.au/asxpdf/20200602/pdf/44j9r9xxq3blq8.pdf
looks like 2 good guys on board to add some weight . lets see what the announcement on the 4th looks like.

[Yoda]

On the up n up . Good report yesterday . This has become 45% of portfolio. Do i let it ride or sell some to spread the risk out ? Mmmmm m

[bung5]

Potential for 30-60c valuation range now . Still seems cheap to me

[Yoda]

I remember when I had A2 milk for $0.50 and sold them for a dollar . thought I was very clever.☹

[Joshuatree]

Brilliant, 100% gain atpit. Back then A2 was a shonky totally unproven product health benefit wise, in fact im still not 100% sure its beneficial. My mistake ,it didnt really matter if it was or wasnt.

[Yoda]

Brilliant, 100% gain atpit. Back then A2 was a shonky totally unproven product health benefit wise, in fact im still not 100% sure its beneficial. My mistake ,it didnt really matter if it was or wasnt.
Well, we grow our own quifa yogurt, and it will only grow in A2 non hemogenized milk. funny eh?. Back to EVS. Down this week, nice bounce off .13 to .16 . Here,s hoping ... Hope things are well with you .

[Yoda]

Envirosuite Limited (“the Company”) advises that following the integration of EMS Bruel & Kjaer Holdings Pty Ltd, the Chief Executive Officer, Peter White has entered into a new employment agreement with the Company. A summary of the material terms are set out below:
• Base salary: $300,000 (exclusive of superannuation)
• Short-term Incentives (STI) of up to 30% of base salary in each financial year based on a broad number of financial and non-financial performance measures including EBITDA growth as well as risk management, staff satisfaction and other executive leadership functions. Quantification of the individual STI targets where relevant is not fixed in the employment agreement and will be determined each year by the Board with reference to the annual budget, business planning and circumstances of the Company.
• Share based Long-term incentives:
Subject to shareholder approval and subject to the Company’s share price achieving the prices set out in (i) to (iii) below by 30 June 2023, the CEO will be issued new fully paid ordinary shares for nil consideration as well as a retention incentive based on the CEO remaining in the employment of the Company as per (iv) below:
(i) 1,000,000 fully paid ordinary shares, in the event that the Company’s share price as listed on the Australian Securities Exchange (ASX) reaches $0.50 per share and remains at or above $0.50 per share for a continuous period of 30 days thereafter;
(ii) 1,000,000 fully paid ordinary shares if the Company’s share price as listed on ASX reaches $0.75 per share and remains at or above $0.75 per share for a continuous period of 30 days thereafter;
(iii) 1,000,000 fully paid ordinary shares if the Company’s share price as listed on ASX reaches $1.00 per share and remains at or above $1.00 per share for a continuous period of 30 days thereafter;
(iv) Retention
Subject to shareholder approval, the CEO will be issued 500,000 fully paid ordinary shares if he remains in the Company’s employment as at 30th June 2021, and a further 500,000 fully paid ordinary shares if he remains in the Company’s employment as at 30th June 2022.


Current SP 16c
50-75c in3 yrs would be good and was nearly 40c last oct .

[Yoda]

On the up just now. Great team and communicate well.

[bung5]

On the up just now. Great team and communicate well.

Yes even on this red day its holding up very well. I don't know why I check the SP as this one is good to hold for years to come.

[whatsup]

Yes even on this red day its holding up very well. I don't know why I check the SP as this one is good to hold for years to come.

About time, very disappointing drop off from .35 late last year all the way down to .07 so still a lot more to go !@!

[Yoda]

Yes. The capital raise in the lower 20s didn't help and drop the share price accordingly 2. Then covid hit dropping another 60% like some others.... They have had some good people join the team in the last year and Macquarie have 7.8%..

[Yoda]

About time, very disappointing drop off from .35 late last year all the way down to .07 so still a lot more to go !@!

Happy I bought more at .08��

[Mista_Trix]

Looking great. Finally starting to pull the company together and put some runs on the board.

Might be due for another leg up I think.

[Mista_Trix]

Up 15% in the last 3 days. Someone just line wiped ~1,500,000 worth of shares in one trade.

I'd say were likely to get to 20c from here (15.5c currently). Then that area became a stepping point for a wee while on the last run. This one feels different as the companies doing so well this time around (last time it was hope and speculation about the future).