By Steve Moore | Saturday 22 August 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.
My bearish stance on shares in dual AIM and Aussie-listed software for mobile financial services company eServGlobal (ESG) has proven correct thus far – with the shares down from an initial 27p and then 21.5p to a current 14.75p. The following updates with earlier-this-year appointed Executive Chairman John Conoley talking of “more rapid deployment times resulting faster conversion of projects to cash and higher margin support revenue”…
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