It is similar to tegel. A well takeover target
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It is similar to tegel. A well takeover target
An interesting crossing reported today. 1,919,575 shares crossed at $0.53 just before close. The trade represents just over $1m (or 1% of the company). EVO hasn't traded above 50c for the last few days so someone wanted to buy a chunk of shares and was prepared to pay a modest premium on the current low-volume market price to do it.
Incidentally, there hasn't been a 2m+ trade day since May. I wonder if this on-again off-again takeover rumour is back on-again?
Half year ebitda down heaps on pcp ...bad
Full year guidance only marginally lower than guidance ..not that bad
Turn around in progress ....good stuff eh
Seem to have a lot of G8 people on good ...excellent?
No divie ."what a surprise
$32m impairment ....bought something good they stuffed up big time
http://nzx-prod-s7fsd7f98s.s3-websit...478/291370.pdf
New Directors and CEO have a LOT of work ahead of them. Action plan looks okay but previous management including Norah have done a lot of damage and staff morale is extremely low. Had a good chat to my sister in law about Evolve on the weekend. Can't put any of that on this forum because it would breech her privacy but read my previous comments, nothing much has changed. Turning this around is going to be like turning the Titanic around which had a design flaw in that its rudders were too small for the ship. I note multiple parties have effectively walked away after having a look and it remains in a downtrend. Dividend cut to zero. Good luck to shareholders.
I know one of the employees who was onboard at the float , he didn't say too much but didn't stay around too long, doesn't suffer fools etc, know what I mean.
One thing I have learnt , roll ups don't work, read egos etc, EVO was a roll up from what I understand .
http://www.sharechat.co.nz/article/0...s-guidancehtml
Under the pump from their bankers too...oh dear.
Big dump on the close, banks will be getting worried ( as will S Hers ! )
Im picking the EVO has turned the corner with the implimentation of the recently announced changes and it could be one of the shares for this year, to that end I have dipped my toes in today.
I continue to hear bad things from the coalface.