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.
Thursday night’s Coldplay concert in Chicago was VR live streamed across the globe. But guess which heavily ramped warrant exercise vehicle played no role in the event? If you guessed EVR Holdings (ticker EVRH) then go straight to the top of the class, it’s VR subsidiary, MelodyVR, was nowhere to be seen!
I’m not a huge fan of EVR Holdings (EVRH) but I have to give a hat-tip to those behind this ‘warrant selling machine’ for one of the best ramps I’ve seen in recent times. Congrats to all concerned.
A couple of people have asked me for my views since I called the top for EVR Holdings (EVRH) a few months back HERE, following the recent Microsoft and Sony announcements. Well, the more interesting news to me is a recent interview by the CEO with Music Ally (HERE) which hints at further delays, presumably as it’s taking longer than envisaged for all the connected guys to sell their warrants! Let me explain.
As the well-known saying goes, turnover is vanity, profit is sanity but cash is king! How then, should you refer to a company that displays either zero or negative for all three? Welcome to the fantasy world of EVR Holdings (EVRH), the holding company for buzz-word bingo business MelodyVR.
This morning’s RNS from EVR Holdings (EVRH) made me look again at this AIM darling and I have reassessed. I ended my last piece on 6 January on the topic with the sentence: “For the avoidance of doubt, I’m not calling the top…….yet. Just keep on moving that stop loss up and enjoy the ride!” Well, I’m calling it now, it’s time to get off the ride!
I’m struggling to take my eyes off the ‘flavour of the month’ stock, EVR Holdings (EVRH), at the moment as it continues its irresistible rise upwards and I have to tip my hat to a great performance by the CEO, Anthony Matchett, on a podcast on Wednesday and all CEO’s in the ramp phase should take note.
In September I used EVR Holdings (EVRH) as a case study in ‘How to make money out of a Chris Akers stock’ and suggested that it could rise from around 3p and wouldn’t be surprised to seeing it hit 6p, but would perhaps get out then. Well, it hit my target price this week, more quickly than I initially envisaged, so what would I do now?
EVR Holdings (EVRH) has shown impressive share price growth since coming to market via an RTO in May earlier this year increasing from 1.1p to 2.95p at close on Friday so I thought it was time to review the stock and use it as a case study to show how one can make money out of company connected to Chris Akers.
