Previously writing on essensys plc (ESYS), which describes itself as a “leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry”, in July with the shares at 300p I concluded the future improvement needed to justify the valuation meant the stance was avoid / sell. Today a half-year trading update and the shares, having last closed at 245p, currently below 130p!
Self-styled “leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry” essensys (ESYS) “is pleased to announce… an aggregate of 10,984,552 primary placing shares have been successfully placed by Singer Capital Markets Securities Limited and Berenberg at an offer price of 285 pence per placing share to raise gross proceeds for the company of approximately £31.3 million”. Good news?...
Hello, Share Chums. My hunt for companies that might benefit from covid, both before and after the pandemic, continues. Today’s subject is Essensys (ESYS). This is an office backup service that includes in its arsenal, systems for companies to arrange more flexible working, including, I expect, accommodating the new environment of working from home. That sounds like a function with a future, don't you think?
Self-styled “the leading global provider of mission critical software-as-a-service platforms and on-demand cloud services to the flexible workspace industry”, essensys (ESYS) has made a trading update emphasising “a robust performance in the first half of the year… results in line with expectations” and “increasing market opportunity”. The shares have responded further higher to 212.5p, so what’s the detail?...








