So yesterday I had a re-read of all of the announcements EVS (PEH) have released since the beginning of last year, took a look through their YouTube videos and Twitter posts ... and I've gotta say I'm feeling much better about the SP (although obviously it would be nicer if it was higher - it'll get there).
- The commentary around not just Thames but other business ventures is incredibly positive, and has been the entire year.
- Their marketing material looks fantastic, by comparison to major players in other markets, but even more so for the kinds of businesses they're up against.
- The sales pipe looks good and growing.
- The relationship with Odornet(via the European expansion video) looks really positive, they clearly have a lot of mutual respect for each other, and trust each others judgement - they wouldn't have gone for such a large distribution venture together if they didn't.
- The management team is slim and agile (which is a positive compared to most other companies on the ASX).
- They're attending a huge number of conferences and dramatically growing exposure.
- Every win they are getting helps grow SAAS revenue (even if for some reason they are not announcing all of them).
It cant stay down here forever, looks like the company value is about even with turnover ... which is just crazy - is the Envirosuite platform really worth nothing on top of the consulting business?? I don't think so.
Call me crazy but I purchased more. This company hasn't even had its first major contract yet (one with many, many sites) and to be perfectly honest if its not Thames then it will be someone else - its time is coming fast.
EVS Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
