Doesn't seem to be too much interest here in EVT these days. Maybe other holders have moved on?
Recent results were very good.
1. Trading and performance ahead of expectations.
2. Now profitable at £3.7 million pbt under new accounting - fully explained in the results statement.
3. TOL. Trading strongly. No surprise there! Note this bit "Focussing on developing further initiatives to capitalise on its strong position." With EVT/TOL such statements are not usually empty waffle.
4. Noted again the excellent way of giving to charity AND that they are worthwhile charities too. A shame more companies - even FTSE100 Companies - haven't spotted or considered copying this novel EVT approach. Again Richard Bernstein paid the (£3000) admin costs to facilitate the process.
5. TOL and KSS (and the rest of the portfolio) held up for resale. Obvious really but worth mentioning. I guess EVT would be a willing seller at the right price if anyone got interested in either KSS or TOL.
6. Again EVT are very positive on KSS.
7. Time for Magenta to confirm promise too. Maybe in 2007.
8. This is the bit in the "Outlook/Prospects" comment that caught the eye. "Exciting events in the coming months." No idea what but that comment alone should make investors think twice about selling now imo.
That some have probably sold out is understandable - but only at first glance! i.e there are times when the share price does nothing for a few months and it is easy to get tempted to sell and put the profits into something that is moving.
But have a look at the EVT chart - and the latest uptrend since it started in 2005. Impressive really.
Other points?
Since the market bottomed in 2002/3, for EVT only 2004 proved to be a disappointing year with the share price starting and finishing around 12p - having dropped to 9p for a while.That drop is the only significant one for EVT over the last 3 years and the shares have been in a steady uptrend from 11p or so in 2005.
With hindsight the huge gain from 2p to a 14p peak in 2003 was too fast. Also with hindsight, but for maybe a few of us including one or two very supportive Institutions who have held from the bottom and are still holding, foresight as well, the purchase of KSS was indeed the turning point for the share price. The shares could still be bought for around 2p for some time after that superb purchase.
Every chance surely, based on the latest results and some of the comment with them, that this uptrend will continue in 2007 too. Enough hints that 2007 could be an exciting year for EVT.
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