Well suspension lifted and trading set to resume Friday 15th...

Well suspension lifted and trading set to resume Friday 15th April.

Based on the Half Year Results, EVZ looking at annual EPS of 0.06cps, which results in a PE of around 13 at the previously traded price of 0.8cps.

With a current market cap of only 1.6 million, and a return to profitability it will be interesting to see where this opens on Friday. If it opens on or near 0.8cps I will be looking to increase my holding, although would expect to be around 2cps at close of day tomorrow.

Still some significant risks - borrowings of around 13 million and only extended to 31 March 2017, however encouraging that the banks extended credit facilities and sign of support. The key focus over the next 12 months will be to reduce borrowings so wouldn't be surprised to see some form of restructuring / capital raising although Directors who have significant holdings will be trying to avoid dilution.

Also encouraging to see cash from operations was positive 4m for the half year.