Early this year we showed the Shorted AIM shares at the start of 2019. How's the performance at the end of September? (those in bold remain from 2018)...
Last week I wrote a piece here about how I expected the market to react badly when EVR Holdings (EVRH) released its final results for 2018, so I wasn’t surprised to see a drop of around 25% in the share price when that news subsequently came.
EVR Holdings (EVRH) was once a favourite of PIs as its share price soared and it raised around £20 million of capital from institutional investors, but since it was trading at its peak interest seems to have waned and the share price has dropped back a long way.
It isn’t unusual for tech stocks to trade at a very large premium to the actual fundamentals in the early days as value is largely based upon the growth potential, but at some point they have to start showing that they are going to be able to justify the valuation being placed upon them.
A time for celebration as one of the Seven Mythical Creatures has become a reality this month with the long awaited launch of the Melody VR app from EVR Holdings (EVRH). We may never see such events again or at least not the share price anyway.
I have to tip my hat to the various brokers and advisers involved with EVR Holdings (EVRH) that have managed to place £15 million of stock with various UK and US institutional investors today. That’s a great effort with still no sign of the Melody VR app launch and the two founders have managed to cash in £5 million out of that too.
The bronze medal for EVR Holdings (EVRH) as it managed to get out its results on Thursday so beat a couple of contenders in the Results Preview race. Unfortunately, there is not a lot else to say as there was limited information in the results although that won’t stop me trying to get a contractually agreed 400 word article from such dire raw material.
With all the “quality” companies waiting until the last possible moment at the end of next week to release their results, I thought I’d do a series of previews this week on some of my favourites starting with the “warrant exercise machine”, EVR Holdings (EVRH) where the only real unknown is what the latest excuse will be for the delayed launch of the app.
