By Steve Moore | Tuesday 24 March 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The AGM of dual AIM and Aussie-listed eServGlobal (ESG) has not gone smoothly – with an update that the company is currently trading in line only with revenues and EBITDA to be “at least equal to the 2014 financial year” and that “Resolution 2 (the Remuneration Report) did not pass” seeing the shares currently down more than 10% today at 21.5p. Having concluded in October that the declining share price – to a then 27p – looked perfectly understandable, the following updates...
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