Results: EVRH

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EPIC EVRH
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EVR Holdings - a long way from justifying its current valuation?

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.

EPIC EVRH
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EVR Holdings: Wow! A massive fund raise - drinks all round, Matchett’s paying

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.

EPIC EVRH
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EVR Holdings: Interims out and the MelodyVR launch to take place at some point in the future…..probably

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.

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