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Funny thing with scammer pumpers as opossed to real investors is they never admit to sell because theres always a big kaboom or a big contract waiting next week ....
Correct, having bought at 12/13c we made money on our EUO investment in the end unlike the sheep you fleeced into your garbage pump MCC as high as 30c so both you and Heinz could get out of it
[@ayeyou] $EUO was a 68% profit for me when I sold a couple months back.I held it for a little over a year though so return not good enough by my standards.Failure by SICPA to sign a single marking contract sent me for the door. Just as the so called big contract you been promising every week for a year or more has never materialized. Now financials show they are bleeding 1/2 million a month in red ink. Time for people to look for the door on MCC as well. Put your money to better use. I have more than doubled the money I took out of EUO in two months.
FWIW- Sold near majority of my position in EUO awhile back in the .195 range earlier this year after not hearing much announced in the form of new $ales from SICPA SINCE they purchased Eurocontrol's fuel marking- revenue producing- business line.
Range bound? Hard to say but given trading history on this one-rallying and selling off-selling off and rallying-has been known to happen.
Still EUO is well up year over year from April of last year to 2016- tho in late May and June 2015? EUO did see these same levels of bid and ask.
Would be sweet to see a big player come in on the Semi-C business side with Xwin Sys.
Markets for small cap tho IMO are skittish both in Canada and in the USA and in overseas market in general due to the ongoing debacle called the USA primary elections and if the Democrates retake the WH think we will see a late fall rally. If Donald Chump Trump steals/buys the WH tho I think the markets will react quite precipitously to the uncertainty that clown would create both domestically and abroad to world indices and economies due to the his isolationist anti free trade platform as markets-any market hates uncertainty.
The old adage sell in May and go away may well apply this year more than ever under those geopolitical USA presidential election overtones.
But if your holding a position free and clear already?
No worries. Its only April. Lots of 2016 still ahead.
We still have the $1.5Million guarantee from SICPA.
Having A sure thing minium in this skittish market?
IMO will prove to be quiet prudent long term.
SS
Nice win by Eurocontrol-networking into this lucrative space thru product development partnering.
The $16million upfront from sale of GFI to SICPA is timely given recent advancements in the companys que/rollout and provides longevity
in the live push for EUO into the lucrative Semi C and farming sectors.
My position if free and clear in EUO and has been for some time...at this point its nice to see-in what I consider to be an investment overhang of geopolitical turmoil creating uncertainty-which by and large is based on a guy named Trump running for the GOP who makes things up as he goes along it seems-its nice to see EUO executing its rollout strategy and product development strategies are- independent of what the overall market sentiment for risk is currently.
SS
Eurocontrol's Xenemetrix Announces MOU With Netafim for Entry Into the Precision Agriculture Industry
V.EUO | 4 days ago
Collaboration to develop state-of-the-art on-site testing equipment for farmers
TORONTO, ONTARIO--(Marketwired - March 28, 2016) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and certification technologies, is pleased to announce that its subsidiary, Xenemetrix Ltd. ("Xenemetrix"), has entered into a Memorandum of Understanding ("MOU") with Netafim, an Israeli company that is the global leader in drip and micro-irrigation solutions for sustainable agricultural productivity, to develop a unique and innovative testing system utilizing Xenemetrix's Energy Dispersive X-Ray Fluorescence (ED-XRF) technology for farmers and the greater farming community.
The solution that will be developed through the collaboration between Netafim and Xenemetrix will be offered as a unique and innovative service to Netafim's farming client base for performing immediate tests of crops, soil and water in the field to replace the traditional method of sending samples to laboratories and waiting days for results. Xenemetrix will leverage its ED-XRF-based spectroscopy expertise to develop a dedicated mobile and compact system for performing at-site (in-field) testing and analysis of material elements, primarily N, P and K (Nitrogen, Phosphorous and Potassium) in the soil, water and critical parts of the crops, at set intervals. Netafim will contribute its extensive market presence and expertise to secure cooperation of prospective clients to assist with defining specifications and laboratory verification of Xenemetrix prototypes.
The MOU also provides for an exclusivity term of two years for the initial commercialization phase to ensure the rapid time-to-market and launch of a mature solution that will boost revenue and reduce expenses for the farmer. A critical value add is the risk avoidance that will be achieved by this highly accelerated testing process that will result in increased sustainability through improved yields and a decrease in waste. The Xenemetrix system will also allow for the collection of measured data and GPS coordinates that will be fed into a cloud-based repository that over time will form a big-data base that can be offered as a service to agro-companies and organizations to deal with the increasing food demand of the world's growing population and will enable insights into patterns and trends on as wide a geography as required.
Bruce Rowlands, Chief Executive Officer of Eurocontrol stated, "Precision agriculture is an area we have long seen as a perfect fit for our ED-XRF mobile technology. We are thrilled to be collaborating with Netafim, a world leader in farming innovation, in the development of a mobile testing solution for farmers worldwide in this developing market that is estimated to grow to $2.4 billion a year by 2020*."
Dr. Yoav Zeif, Vice President, Americas of Netafim added, "Netafim is seeking to give its clients innovative and holistic solutions. Doing the right analysis will ensure the efficient and economical input application. We believe in our moto, 'Grow more with less'."
* Based on a market study undertaken by Markets and Markets. Markets and Markets is the second-largest market research firm worldwide providing over 1,200 premium studies yearly to over 1,700 Fortune organizations globally,
About Netafim
Netafim is the global leader in drip and micro-irrigation solutions for sustainable productivity. With 28 subsidiaries, 16 manufacturing plants and over 4,000 employees worldwide, Netafim delivers innovative solutions to more than 110 countries across the globe. Founded in 1965, Netafim pioneered the drip revolution, creating a paradigm shift toward low-flow agricultural irrigation. Today Netafim is celebrating 50 Years of Shaping the Future, offering diverse irrigation solutions for agriculture, landscaping and mining. For large-scale and turnkey sugarcane, corn and greenhouse projects, Netafim delivers end-to-end engineering, project management and financing services accompanied by agronomic, technical and operational training and support. From drippers and dripperlines, through sprinklers and micro-emitters, to crop management technology (CMT) systems, Netafim's market-leading solutions enable cost-effective irrigation for optimal and sustainable results.
Read more at http://www.stockhouse.com/news/press-releases/2016/03/28/eurocontrol-s-xenemetrix-announces-mou-with-netafim-for-entry-into-the#hYq97CU7rEWJhGCV.99
How do you know so much about stockhouse and shawshank there AyeYou?
It really has amused me since I came on this thread how "in tune" you seem to be.
Hmmmmmmmnnnnn?
If I make a mistake or error in DD or anything put up mistaken in its sourcing...its not with any agenda..just is what it is an unfortunate DD error...and I apologize for the error and retract on any thread if that occurs when brought to my attention-and I have done so when brought to my attention in over 26,000 posts made on Stockhouse nearly since its inception and 4.6million post reads...of substance vs fluff and hyperbole-try it sometime.
As to being vaporized? I have had numerous posters email my ISP asking for permission to canvas stockhouse to reinstate-they know my character in the real world not just the online one-but I can't be bothered for any campaign of that sort-really not that important-never was.
My 319 IP were well earned during the 99/00 wild west days of the internet and Stockhouse's first inception.
But in your anaology of being vaporized?
It appears you were vaporized to use your analogy-you were done just that on Silicon Investor which is why I find your being TOS'd when being a "moderator" here-let alone giving posting decorum advice?...to be very very ironical.
As to your comment about wondering why you bother to post or participate in any bullboard reading or discussions?
I am in agreement with you and like you I have made that assessment many times over-they are time consuming even if you can type 80wpm like myself-I don't know about you but i still hold down full time employment
sometimes taking me on the road-and its tough to stay current.
Especially if you get baited into a reply-set up for a TOS violation in that reply-when posters like you and I-probably should know better.
Have a good easter weekend regardless.
SS
If you are so front and center why did you get vaporized off of Stockhouse?? You a funny guy SS !! Heed your own advice. Like I said keep my name out of your ramblings. I dont care how many rodeos you been in you can still get gored to death by an angry bull. I will handle my biz my way and after all my years on this planet not needing advice from you I sure as hell am not about to pay any mind to your musings now. When it comes to my investment portfolio you have absolutely zero influence one way or the other. Nor does anyone else in this cesspool we call the internet.
Many days I wonder why I even bother with these various threads. Specially this one which has about as much an audience for its posts as you did on Stockhouse with your what? 500 ignores you were up to. I only come here to set the master pumper/basher Red straight when he posts. I guess now I have two reasons to come here.
AyeYou-save the rhetoric for another-this is not my first rodeo- "beaking" about you is not my style-I come front and center- I don't dance-and if I error on something DD related? When brought to my attention I man up-really that simple...and its you being banned at Silicon Investor along with a couple other posters who's discussion I didn't even see but can imagine the content cuz it happens..including to yours truly... I found the Silicon Investor suspension rather amusing considering your a moderator on this thread at IHub and I would think should know how being baited by other posters works- and if that's not amusing its downright
ironical.
Legit question-so passing judgement or advice onto others becomes a moot point-few would argue.
Best advice I can give you is to stay on topic on any thread no matter the content or the poster in question.
SS
Shawshank I see you beaking off about me on SI. Keep my name out of your posts in the future lest you find yourself on the wrong side of an apology letter again. Didnt take you long to go back to your long winded opinions that no one cares about did it?? Stick to business and leave me out of anything you post,CAPICHE !!!!
Rocket and Heinz banned for being dicks. LMAO !!!
Ban List for Microcap Kitchen Canadian Stocks
Banned Banned on Moderator's Reason for Ban
heinz44 03/02/2016 10:14pm Disrupting the board.
Rocket Red 05/30/2014 12:54am This individual is abusive, rude and has attempted to discredit several members of this thread. I feel it is in the best interest of the members of our thread and SI to ban this person from our thread.
I don't utilize a level 2 trading platform as am not an active trader-so don't know how the orders stalk up on the bid and ask for tomorrow open-but the fact that when I last looked at the price on Eurocontrol last Thurs heading into the close-there seemed like a ton of resistance at .19 with lots of paper on the ask and that was taken out which to me was bullish-and even a neophyte T/A afficiando would come to the conclusion this upward momentum has legs with the positive catalysts announced the past couple of weeks.
Doesn't look like I will be able to follow this thing during market hours this week-but want to say it wont surprise me this thing hits .25 per share by mid week.
OT: My call on the Oscar for best Picture? The Reverend.
Best Actor...L DeCaprio (finally) The Reverend
Best Actress-C Therizon for Mad Max Fury Road.
GLA
SS
I never cared for Engelen's (I think was his name) stockhouse articles-Parry seemed to offer more detail-didn't care for Danny Deadlocks either...Vranic's writings from S.A are often not only better formatted
but provide more objective commentary and personal opinion/outlook.
SS
AyeYou...thanks for copy and pasting the Vranic Article.
Am only catching up with the news cycle now as had been
busy tending to a family illness.
I missed the news release on XwinSys-and the share purchase
news-and the Vranic article/commentary.
.58 per share fair value and we are trading at 1/3rd of
that currently-means the ROI upside is still there or a
an appx 200% return from here is realized.
If XwinSys does announce a Major Player as a partner
with it's most recent development out of the EUO R&D
que?
.58 would be the base IMO vs ceiling.
SS
This was great news in relation to Xwin Sys in the semi-c conductor sector- that I missed earlier in the week.
If anybody could link the Vranic article from Seeking Alpha-as I have not read it yet but I understand its pretty detailed-has commentary about Xwin Sys contained-and has a bullish outlook??-it would be appreciated.
Anybody taking a position as of recently in the mid teens? IMO looks like they could have made a pretty timely purchase as the positive momentum that is building looks like it has some decent traction.
Good week in upward movement overall and closed near the week high which for traders and longs- is bullish on the Technical Indicators if taken on its own.
SS
Eurocontrol's XwinSys Announces Novel Solution for the Semiconductor Industry
TORONTO, ONTARIO--(Marketwired - Feb 23, 2016) - Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and certification technologies, is pleased to announce that its subsidiary, XwinSys Technology Development Ltd. ("XwinSys"), has finalized the integration of its novel XRF technology, named NMT, in its state-of-the-art hybrid product line.
This technology is intended to serve the evolving metrology and inspection needs of the semiconductor industry that have evolved recently to keep pace with the advent of 3D (three dimensional) stacking structures for continued miniaturization of devices at an affordable cost. XwinSys was founded to satisfy a need to analyze solder bumps for the fledgling 3D IC (integrated circuit) market segment and thus gained critical insight into additional opportunities. The XwinSys NMT technology, acronym for Noise-reduced Multilayer Thin-film measurement and analysis, enhances traditional X-ray fluorescence (XRF) solutions and overcomes limitations of currently entrenched technologies for measuring thin and ultra-thin films. These thin films, which can be a single layer of atoms of a specific material, are a critical component in the construction of advanced semiconductor devices. The key attribute of the NMT technology is a dramatic improvement in sensitivity which is achieved by improving signal to background noise. Testing of the XwinSys NMT technology has demonstrated superior performance for a wide variety of semiconductor applications.
An abstract describing the XwinSys NMT technology will be published in the March edition of the Journal Solid State Technology ( www.electroiq.com).
Doron Reinis, Chief Operating Officer of Eurocontrol stated, "Our NMT technology is an industry innovation that is designed to be successfully utilized for a variety of in-line applications in the semiconductor and related industries. We are extremely pleased to announce the completion of full integration in our hybrid product line that combines this enhanced XRF with our 2D and 3D optical measurement techniques, and we wish to thank the Office of the Chief Scientist of Israel for its support in grants over the past two years, as well as the facilitation of important product testing by major semiconductor manufacturers and prospective customers."
Bruce Rowlands, Chairman and Chief Executive Officer, added, "The rapid increase in interest in NMT from leading manufacturers in the global semiconductor industry is a clear indication to us that this ground-breaking technology could have a significant impact on the industry."
I need some turd to tell me whats on ask right now on L2, anyone know anyone?
EUO has a fair value of $0.58 per share:Vranic
Petromark Can Stop The Funding Of Terrorism And Other Criminals Smuggling Oil 0 comments
Feb 22, 2016 7:49 AM | about stocks: EUCTF
It's no secret that ISIS and other terrorist groups are wreaking havoc in the Middle East and are responsible for terrorist attacks around the world. While many countries have pitched in to fight these groups through military action in Syria and Iraq, one of the best ways to try to stop them is through cutting off their sources of funding. Oil smuggling is one of the leading sources of illicit funds for terrorist groups in the Middle East, given their proximity and access to the resource and the fact that oil is highly fungible. Since oil is hard to track, it is a favorite tool of not only terrorists, but other criminal organizations which extract black market revenues through tax evasion and subsidy abuse. Through their illicit activities, these criminals also damage the environment when they add adulterants to fuel.
SICPA Security Solutions SA is a private billion-dollar Swiss company that provides secured identification, traceability and authentication solutions and services to governments, central banks, high-security printers and industry. Best known as the company that protects the majority of the world's banknotes, it has decided to enter into the fuel marking industry through the acquisition of Global Fluids International [GFI] late in 2015. GFI's Petromark is the most advanced and fully integrated marking, mixing and tracing system for hydrocarbons, lubricants and bio fuels for governments and the oil industry. GFI was purchased by SICPA from a microcap Canadian publicly traded company called Eurocontrol Technics Group Inc. (OTC:EUCTF) (EUO.V). Rather than an outright buyout, the transaction is more like a partnership as EUO receives a guaranteed earn out payment for the next six years and its subsidiary Xenemetrix has exclusive rights to sell the hardware to support GFI's Petromark business during that time.
I believe that this arrangement and the fact that EUO trades at a discount to the present value of the minimum guaranteed cash flow from this sale transaction leads to an outstanding investment opportunity. Fuel marking is an under-the-radar industry with tremendous growth potential as it promises to increase the tax revenue, decrease crime and clean up emissions of every country that enacts such a program. This industry up until now has been home to a very small group of private companies. Eurocontrol Technics Group offers risk-tolerant investors a chance to invest in this growth opportunity at nano-cap prices while also providing a safety net of a balance sheet that would be the envy of any company in the $10 to $20 million market cap range.
In order to understand the EUO investment thesis, one must understand the fuel smuggling problem and the tracking solution.
How do terrorists and criminal elements extract funds from oil?
As mentioned above, oil smuggling is a favorite for criminal elements as oil is hard to track and easy to replace. Extraction of illicit profits through oil can happen in two ways - tax evasion and subsidy abuse. Both directly impact government finances as well as the various societal problems that come with it.
The most common form of tax evasion occurs when fuels for motorized vehicles such as gasoline or diesel are mixed with other non-taxed petroleum then sold at the pump. The consumer pays the fully taxed price but the government collects only part of the tax while the person implementing the scheme keeps the difference. Fuel that has been stolen is very easily "laundered" using this method as unlike money which can be traced by serial numbers, once the stolen petroleum is mixed in with the legitimate stuff, it can no longer be traced.
Tax evasion is also high when neighboring countries have significantly different rates of taxes on fuel. Criminals will smuggle in petroleum from the low-tax country into the high-tax country and sell it at the post-tax price. Consumers exhibit this type of behavior, legally, all the time in border towns. For instance, gas prices in the Niagara region are always a few cents cheaper than the rest of the Province of Ontario because residents can cross the border and get cheaper New York State gasoline if this wasn't the case. The variance is just low enough to discourage people from making the effort of crossing the border just to fill up their tanks. If the regular "Joe" has an incentive to save a few dollars on a personal tank of gas by doing this, imagine the incentive of criminals and terrorists to do this on a large scale across borders of various countries in order to collect millions of dollars in the scheme.
Governments subsidize fuels for certain purposes, such as heating the home, as part of their social service to their citizens. Upon a subsidy, the criminals will exploit the price difference that takes place between the subsidized and unsubsidized fuels. Again, this can take place across borders, where government money for subsidized fuels for its citizens ends up in the hands of the smuggler and the fuels end up in the neighboring country.
The environment also becomes a victim of these illicit acts. For instance, if one of the schemes is to add subsidized kerosene used for heating into diesel or if waste by-product is added, this will result in vehicles emitting more pollutants into the atmosphere with no way to trace it back to the perpetrator.
The loss of tax revenue due to fuel smuggling can be significant, especially for small developing nations in need of that revenue. For instance, Algeria alone was losing $1.3 billion in tax revenue annually back in 2013 while the Philippines is currently losing an estimated $750 million annually. It impacts developed nations as well as over $4 billion in tax revenue was lost across Europe in 2013, including nearly $1 billion in Poland, $1.7 billion in the United Kingdom and 600 million Euros in Greece, along with lost profits for refineries across the continent.
Why SICPA chose GFI's covert PetromarkTM system for attacking the fuel fraud problem
Outside of catching a criminal trying to smuggle fuel across a border at checkpoint, the only way one is going to be able to spot fuel fraud is if the petroleum is marked in some way to give it a "fingerprint". Fuel marked for different purposes has traditionally been marked through a colored dye. The problem with this technique is that it can be easily spotted and either imitated or removed by the people who are involved in the illicit trade.
Advanced fuel marking technologies are based on invisible markers and even if criminals are able to detect them, they are either too hard or too costly to try to remove or imitate. But the most effective marking process is one that is completely covert throughout the full supply chain. The criminals are unaware of its existence, so they get caught in the act of fuel fraud.
The Soreq Nuclear Research Center in Israel developed the Petromark technology, which eventually became the intellectual property of EUO's former subsidiary GFI. At the start of the supply chain, fuel meant for a certain purpose, say, as gasoline or diesel for motorized vehicles, is covertly marked by an invisible marker, say, at 4 parts per million. Detectors which are provided by EUO's subsidiary Xenemetrix are then used to do spot checks at points of distribution, for instance, at a gas station. If the detector reads that the marker is down to 3 parts per million, the gasoline has been diluted by 25% with some other kind of adulterant at some point along the supply chain and the authorities are able to have a more focused investigation into who is tampering with the fuel.
When it comes to marking technologies that are more advanced than dyes, there are not a lot of choices out there. SGS Group is the largest fuel marking program operator and it uses technology from Authentix. Tracerco, a subsidiary of Johnson Matthey, also operates a program in Brazil. What sets Petromark apart from the other two is that it is the only technology that is ISO 17025 accredited, meeting the highest standards for production of testing and calibration results while the full final forensic result is immediately available in the field where the test is conducted.
In December 2014, SICPA approached EUO with interest in the company's GFI and Xenemetrix subsidiaries. Between that time and August 2015 when the deal was first announced, SICPA did extensive due diligence on the technology to ensure that it worked as needed while the two sides proposed a number of potential transactions. SICPA is a billion dollar private company with business connections at high levels of government while Eurocontrol Technics traded at less than $10 million in market cap at the time of negotiations. The fact that EUO was able to come to the table as an equal partner shows just how good this technology is. Fuel marking is not an industry in which the average investor will become an expert overnight. But one can surmise by the actions of SICPA, a global leader in security technologies, that GFI is truly the most advanced and accurate system of the few available for fuel marking.
The cash flow generated by the deal already provides solid basis for an investment into EUO
EUO receives the following guaranteed minimum payment schedule as part of its agreement with SICPA for the sale of GFI (all figures in Canadian dollars):
Cash consideration payable to the Company by SICPA on closing of $16 million (less the $250,000 deposit received by the Company and $286,000 in transaction payments, and assuming that, on closing, GFI has positive working capital of $1,000,000), subject to a working capital adjustment.
Post-closing earn-out payments equal to 5% of the net revenues earned by GFI from contracts entered into by it following the execution of the Purchase Agreement and during the period ending six years from the closing of the transaction, with a minimum guaranteed of $1.5 million per year for the six years earn-out period (total payment of at least $9,000,000).
Additional post-closing payments equal to 5% of the net revenues earned by GFI from contracts signed during the fourth through sixth years following closing paid until the third anniversary of such contracts.
The cash flow portion of this deal is easy to model. EUO received $15.5 million ($16M less the two deductions) in upfront cash and will receive six years of a guaranteed minimum earn-out payment of $1.5 million each year. EUO had a $10.2 million accumulated deficit as of Q3 2015. Assuming the first $10.2 million of the upfront payment is protected from taxation, I estimate that the Company will incur $0.7 million ($16M less $10.2M multiplied by a 12.5% tax rate) in capital gains taxes on the sale and $0.4 million in corporate tax at a rate of 25% each year on the $1.5 million earn-out payment:
Because these cash flows are guaranteed from a billion dollar company, I believe using a low discount rate of 10% is appropriate for this part of the model. The present value of the cash portion of this deal is $19.6 million. Adding in EUO's working capital of $1.2 million leads to a $20.8 million present value of cash/working capital at the corporate level, or about $0.22 per share when using a fully diluted share count of 96.7 million.
These numbers are subject to working capital and intra-company eliminations, but given that EUO trades at around $0.17 per share, I believe that there is enough of a cushion to confidently state that the stock is trading at a significant discount to cash.
The market for PetromarkTM and resulting cash flows for SICPA and EUO
The investment thesis on EUO is already made just from its strong cash position, however, EUO management led by CEO Bruce Rowlands has stated that the biggest upside from this deal comes from the exclusive partnership developed with SICPA. Mr. Rowlands believes that earn-out payments will far exceed the $1.5 million annual minimum over the life of the nine year agreement. Xenemetrix continues to have exclusive rights to sell the detectors to GFI as before, except now GFI is expected to grow exponentially as it is backed by a well-connected heavyweight in the global security industry.
Potentially every government in the world would be interested in Petromark, particularly as SICPA has already developed relationships with high ranking government officials through its tax reconciliation programs on alcohol and tobacco and its bank note security ink businesses.
Prior to the sale of GFI, EUO had about a $7 million revenue run rate between GFI and Xenemetrix based on contracts with three small countries - Uganda, Tanzania and Albania - which did not include the logistics portion of the marking process. These three countries combine for just 0.1% of the world's total oil consumption so I believe that the market size for fuel marking will be in the billions when including logistics. Upon discussion with Mr. Rowlands, he is of the view that the global market is reasonably at least $1 billion USD annually with "low hanging fruit" (countries that are easy target markets for Petromark due to high levels of corruption/crime) to be $200 million USD annually. I have used this market size estimate as a baseline for SICPA's revenue potential and have added a 3% annual growth rate. The chart below is still presented in Canadian Dollars even though the contracts signed will very likely be in U.S. Dollars. Although the USD is close to a 40% premium over the CAD right now, the volatility of the currency and oil markets has led me to assume a long term exchange rate at par. This conservative assumption simplifies the model and provides more upside to my price target for those who wish to consider exchange rate differences.
Authentix and Tracerco, as mentioned above, are the only two competitors that offer an advanced marking system. As shown through the ISO certifications and through SICPA's due diligence, Petromark appears to be the superior technology. Combining that technology with SICPA's previously built relationships should ensure that it can dominate this market. Mr. Rowlands does not believe that these two competitors pose a significant threat to GFI's business (though CEOs have an incentive to make or believe such claims) so it is just a matter of building awareness about Petromark and presenting business cases to each country to demonstrate the massive positive impact of the program relative to the cost. For instance, Mr. Rowlands has stated that the Petromark program in Albania resulted in an $11 million increase in tax revenues in September 2014 compared to September 2013, the first month the program was put into place in the country as a result of the legal (marked) market growing by 20%.
I believe that SICPA will be successful in capturing a substantial market share from the "low hanging fruit" countries; 50% of the market by 2018 and 90% of it by 2024. This would mainly comprise countries in Northern Africa, the Middle East and Eastern Europe which are susceptible to smuggling from terrorists or other criminal elements, have access to cheap oil and therefore present the most profitable opportunities for cross-border oil smugglers and the nations' governments rely heavily on oil for their economic growth and tax revenues.
As it makes sense to focus on these easier targets first, I don't expect much market share to come from the rest of the world in the first few years. However by 2024, I assumed that SICPA will have captured 40% of the market from countries not in the "low hanging fruit" category. This would result in over $600 million in annual revenue for SICPA in nine years. While this seems like a very large target, SICPA has already developed substantial business relationships through its aforementioned alcohol and tobacco tax reconciliation programs. I believe that SICPA will be successful in selling its oil marking program alongside its current offerings to its existing client base of sovereign nations across the globe.
(click to enlarge)
Some may even argue that my numbers are too conservative in the early years. For instance, another investor uncovered the European Union tender process for the "fiscal marking of gas oils and kerosene". If SICPA was to procure such a contract, it would likely blow away my numbers in the first three years. I have no evidence to suggest that SICPA will procure this contract, so investors should view this or any other large potential contract as untapped upside until it has been signed.
5% of SICPA's revenue would be subject to EUO's earn-out payment for the first six years along with an additional 5% earn-out payment for three years on contracts signed in the fourth through sixth years of the agreement. That means EUO has potential to earn an earn-out payment for up to nine years, albeit on a quickly diminishing base as shown between 2022 and 2024.
Subtracting the guaranteed minimum which was already modeled in the previous section and subjecting the cash flows to a 25% corporate tax rate leads to an $0.18 fully diluted per share present value of the earn-out payment portion of the business for EUO, using a 25% discount rate.
Petromark requires that the government implementing the program purchases a certain amount of detectors. Every program needs at least one, but if a country wants to keep tight tabs on the integrity of gasoline sold at gas stations within its borders, it will have to order dozens or perhaps more than a hundred detectors. Xenemetrix will continue to be the supplier of detectors for GFI which was one of the biggest considerations for EUO doing this deal. While it gives up GFI for 5% in earn-out payments and $16 million in upfront cash, the vendor relationship with Xenemetrix doesn't change, except for the fact that GFI is projected to become a lot bigger, a lot faster. Xenemetrix revenue to this point has trended towards about a million dollars a year. As SICPA will offer the Petromark system to numerous countries already in its Rolodex, I expect revenue to substantially increase as new programs will require new detectors.
Xenemetrix revenue represented about one-sixth of EUO's total revenue for 2015, with GFI accounting for the rest. I estimate that roughly 5% of SICPA's GFI revenue generated will result in revenue for Xenemetrix as well when governments need to buy or upgrade the hardware. This is substantially lower than the ~15% of "flow through" that Xenemetrix saw through GFI previously, but keep in mind those revenues excluded logistics at that time.
According to EUO's most recent financials, Xenemetrix has achieved a gross margin of around 40%. I assume that will continue. I have included all of EUO's corporate expenses in this section rather than parceling out these expenses to every section as there would be no difference to the valuation by doing so. Corporate expenses are on pace to be $4 million for 2015. After discussions with the company, I believe that corporate expenses including research and development will be in the $2.5 million range for 2016 and will grow 10-15% each year. Much of 2015's expense has been for research and development in preparation for both remaining subsidiaries to launch products this year.
(click to enlarge)
A 10-15% growth rate in expenses may seem too low for a company with such aggressive revenue increase assumptions, but I believe it is appropriate for two reasons:
1. Much of the revenue will come through SICPA, either as a direct earn-out payment or through servicing the hardware needs of GFI's new clients signed up by SICPA. EUO will need less money compared to other companies for expenses like marketing to fuel growth.
2. Bruce Rowlands has demonstrated austerity to achieve profitability in 2015 and I believe he has the mindset to grow while minimizing expenses. Upon speaking with him, one of the primary reasons why he wishes to hoard the cash received in the SICPA deal is to use it as leverage - he believes that EUO's strong balance sheet will tip negotiation power in EUO's favor, which will only lead to better deals and cost efficiencies for the Company.
When using a 25% discount rate, this leads to a 2 cent value per share. Keep in mind, this is net of all the Company's corporate expenses so those costs are no longer a burden in the next section. When looking at a rolled up P&L of all these distinct pieces, I expect EUO to have a negative EPS in 2016, excluding the one-time accounting benefit of the upfront cash portion of the deal. 2017 should return to profitability based on the earn-out revenue, increased detector sales for Xenemetrix and increased cash flows from sales of new products starting in 2016.
Xenemetrix and XwinSys: The "cherry on top" of the EUO pie
By now I should have clearly demonstrated the value that EUO holds purely from the deal signed with SICPA. Xenemetrix and XwinSys can be considered the "cherry on top" as just two bonus reasons to buy into this Company at less than 20 cents. They are two not-well-known but exciting technologies on the verge of standing on their own merits.
Xenemetrix specializes in the design, development, production and marketing of Energy-Dispersive X-Ray Fluorescence [ED-XRF] systems. ED-XRF spectroscopy is one of the simplest, most accurate and economic analytical methods for the determination of the chemical composition of many types of materials. It can be used to measure a wide range of atomic elements, from sodium to uranium with detection limits as sensitive as a few parts-per-million. In addition to elemental analysis, ED-XRF can be used to measure the thickness and composition of multi-layer thin films.
While Xenemetrix is best known as the hardware provider for the Petromark technology, the subsidiary has done considerable research into the expansion of the ED-XRF technology into many different industries, from marine to construction. Much like how ED-XRF allows for immediate material composition analysis of fuels during the Petromark process, it can do the same for underwater vessels or for machinery at a construction site. Rather than wait for a period of time for lab results, business and military users can get immediate on-site analysis of these materials. Given the wide variety of elemental analysis it can perform, it can be used to measure far more than just oil. This includes agricultural and pharmaceutical products, rubber and textiles, metals, alloys, cement and glass as well as monitoring the pollution levels of solid and liquid waste.
In addition to the numerous materials that Xenemetrix's ED-XRF technology can measure, XwinSys is developing a similar solution for the semiconductor and related microelectronics industries. This subsidiary is developing synergistic combinations of the ED-XRF technology and automated 2D and 3D image processing technologies for the purpose of developing a fully automated metrology system aimed at the semiconductor market back-end. This will help chipmakers detect defects and other inconsistencies in their chips in a reliable and efficient way.
Xenemetrix and XwinSys technologies appear to have unlimited potential. Mr. Rowlands and the Company's philosophy is that "anything that can be measured, should be measured" and that philosophy can be applied to anything from preventing fraud and criminal activities to ensuring consistency and minimizing defects in the manufacturing process. The irony with that quote is that the wide-range of potential uses for these technologies and the fact that they are all in the pre-revenue stage outside of servicing GFI make it very difficult to come up with a realistic forecast. EUO's target market on the marine industry alone is expected to surpass a billion dollars with 55,000 active merchant ships that could benefit from ED-XRF, but I'm not prepared to go with such a high forecast just yet.
I like the enthusiasm and knowledge of EUO's management led by Mr. Rowlands, but I'm not going to jump the gun on an aggressive forecast until EUO has had some success in penetrating the market with these leading edge technologies. Shown in the chart below is what I believe to be a sufficiently conservative forecast, a risk-weighted revenue assumption of $20 million by 2024 for each of Xenemetrix's "new" (non-GFI-related) business and XwinSys.
(click to enlarge)
I assumed that Xenemetrix will continue to achieve a 40% gross margin while discussions with the Company led me to believe that a 70% gross margin on XwinSys is achievable. On top of conservative revenue numbers, I used a very high discount rate of 33% to come up with a present value per 96.7 million fully diluted shares of 5 cents on Xenemetrix and 11 cents on XwinSys.
My one-year target on EUO is $0.55 CAD per share
Based on the sum of the four pieces computed above, EUO has a fair value of $0.58 per share:
I have rounded that off to a $0.55 target. Investors can reasonably expect at least a $0.40 stock price just from the relationship with SICPA while completely discounting any future speculative revenues from Xenemetrix or XwinSys.
Conclusion: EUO offers investors a stake in a major partnership, two leading-edge technologies and an experienced management team for less than its cash value
When an investment thesis is put together, especially on a penny stock, one has to consider the risks. What differentiates EUO from the typical microcap is that it is trading at a discount to its guaranteed cash flows but also has promising technologies. An investor can find plenty of companies trading below cash value, but their business prospects may be so poor that they are essentially shells paying management salaries out of shareholder's pockets. Also, one can find plenty of interesting technologies but those companies have no funds nor a solid plan to try to capitalize on them.
EUO, led by Bruce Rowlands, has lived and breathed this "precise measurement technology" industry for a decade. Up until about a year ago, this Company and its dealings with developing nation governments to try to stop fuel fraud has been largely characterized by protracted sales cycles. With the rise of terrorism and the partnership with SICPA, GFI's Petromark technology will have unprecedented access to government decision-makers, but EUO is still highly misunderstood and in my opinion, underestimated.
An investment thesis is made purely from the fact that EUO trades at less than its cash. But a long term investment thesis is held when after buying in, investors decide to do research into these subsidiaries and try understand why SICPA chose EUO's subsidiary GFI. After investors have a conversation with Bruce Rowlands, I believe they will come to the same conclusion as I did - this man knows the Petromark tag and trace measurement technology industry better than pretty much anyone else in the world. There is no one better suited to leading this Company into a dominant market player in conjunction with SICPA.
Update: Eurocontrol announces share repurchase plan
While I had put the finishing touches on this article, EUO announced a share repurchase plan of up to 8.7 million shares last Friday. As it seeks to buy back shares on the open market at substantially lower prices than my target, I consider this plan to be anti-dilutive which will increase the Company's per share valuation.
Disclosure: I am/we are long EUCTF.
Stocks: EUCTF
What does this post even mean. And who is Chis???? Pumpsniffer is just fine but Parry thing of the past.
Eurocontrol to buy back up to 8.7 million shares - Thanks Lord they decided to buy their own stock and not waste the money in that failed GLH raise instead. LOL
pumpsniffer deleted Chis Parry
Depth by Price for V : EUO at 2016-02-18 10:24:04
Bid
Ask
Price
Volume
Orders 0.13
71,000
5 0.135
69,000
5 0.14
115,500
10 0.145
88,250
10 0.15
25,200
4 0.155
77,000
5 0.16
130,750
8 0.165
175,500
8 0.17
71,000
3 0.175
115,000
3
Bid
Orders
Volume
Price
4 25,200 0.15
10 88,250 0.145
10 115,500 0.14
5 69,000 0.135
5 71,000 0.13
Ask
Price
Volume
Orders
0.155 77,000 5
0.16 130,750 8
0.165 175,500 8
0.17 71,000 3
0.175 115,000 3
Depth by Order for V : EUO at 2016-02-18 10:24:04
Depth by Order
Bid
Broker
Volume
Price
9 BMO Nesbitt 20,500 0.15
95 Wolverton 1,000 0.15
85 Scotia 1,200 0.15
80 National Bank 2,500 0.15
1 Anonymous 3,000 0.145
2 RBC 10,000 0.145
7 TD Sec 9,000 0.145
7 TD Sec 1,000 0.145
85 Scotia 18,000 0.145
7 TD Sec 7,000 0.145
Ask
Price
Volume
Broker
0.155 24,000 1 Anonymous
0.155 7,000 7 TD Sec
0.155 6,000 7 TD Sec
0.155 12,500 99 Jitney
0.155 27,500 7 TD Sec
0.16 28,400 9 BMO Nesbitt
0.16 18,000 7 TD Sec
0.16 6,500 7 TD Sec
0.16 7,000 7 TD Sec
0.16 500 28 BBS
How much are you down on GLH? Ouch, that gotta hurt!!!
Depth by Price for V : EUO at 2016-02-17 13:02:04
Bid
Ask
Price
Volume
Orders 0.13
71,000
5 0.135
53,000
4 0.14
145,890
12 0.145
112,000
10 0.15
27,500
2 0.155
54,000
5 0.16
70,900
7 0.165
176,500
9 0.17
71,000
3 0.175
115,000
3
Bid
Orders
Volume
Price
2 27,500 0.15
10 112,000 0.145
12 145,890 0.14
4 53,000 0.135
5 71,000 0.13
Ask
Price
Volume
Orders
0.155 54,000 5
0.16 70,900 7
0.165 176,500 9
0.17 71,000 3
0.175 115,000 3
Depth by Order for V : EUO at 2016-02-17 13:02:04
Depth by Order
Bid
Broker
Volume
Price
1 Anonymous 5,000 0.15
9 BMO Nesbitt 22,500 0.15
1 Anonymous 3,000 0.145
2 RBC 10,000 0.145
7 TD Sec 9,000 0.145
7 TD Sec 1,000 0.145
85 Scotia 27,000 0.145
85 Scotia 18,000 0.145
39 Merrill Lynch 1,000 0.145
7 TD Sec 7,000 0.145
Ask
Price
Volume
Broker
0.155 16,000 1 Anonymous
0.155 1,000 39 Merrill Lynch
0.155 20,000 1 Anonymous
0.155 10,000 7 TD Sec
0.155 7,000 7 TD Sec
0.16 28,400 9 BMO Nesbitt
0.16 18,000 7 TD Sec
0.16 9,500 143 Pershing
0.16 1,000 39 Merrill Lynch
0.16 6,500 7 TD Sec
Agreed on the option point AyeYou...to many companies in my investment lifetime I have seen reprice options packages..when companies don't do so when they have the "option" to do so? (pardon the pun)
IMO you have to respect it as an investor. SS
Point is Rowlands executed the options even though they were at higher price than market at the time. Why would someone buy 500K shares at a premium to fair market value?? That is the point. He could of let the options expire or repriced them lower like all the other scam outfits on the venture. He chose to pay a premium and put cash in EUO kitty. Well done Bruce.
Anything possible Shawshank all depends what comes next in execution
as the hype on the boards 500,000 options exercised well they expire Feb 23 2016
hopefully your free shares make you a bundle
RR re:
Rocketred Member Level Saturday, 02/13/16 12:22:44 PM
Re: SShawshank post# 102
Post #
104
of 107 Go
For sure Shawshank the big players in the right company drive the share prices
But Euo also sold GFI cause they couldn't get the job done by themselves now they get a very small piece of the pie.
Will Euo go up in price sure I can see that
is Euo a bit item ticket going to the big leagues don't see that
what track record do insiders have another thing to look at
________________________________________________________________________
IMO "Going to the big leagues" dosen't matter RR. There is also an old saying that ..."if you shoot for the moon even if you fall short you land amongst the stars".
They were already able to secure a deal with the big leagues in privately held Swiss Company and one of the worlds major players in the certification sector in SICPA-that should speak volumes IMO about having bonafide big league interest in what their doing.
How it plays out? who knows but its better to have a SICPA recognizable brand player in your favor IMO... then not.
I believe holding EUO at this point for who knows maybe a $1.00 or even higher buyout price is worth the risk-and given its cash position from the sale of GFI to SICPA-$16million now in corporate treasury and thee $1.5million annual minimum backstopping the 5% royalty over 6yrs duration gives certainty in regards to sustainability of the enterprise while looking for as McWhirter commented on BNN last week a partner to go to market with for their next best of breed technology Xwin Sys.
They may also possibly acquire another company to add strength to their que for all we know.
The Midas Letter I think it was or maybe it was the Gold Report-can't remember and I do not always have the time to re-source everything and admittedly sometimes haste can make waste-removed their long term price projection on EUO only cuz they expected before the company hit $1.50 per share in value I think it was and stand to be corrected on that comment-it would be bought out.
If that happens its a ten bagger from here and it has the same effect on ROI as a $1.50 per share company going to $15.00 or a $15.00 per share going to $150 per share so the big picture here pretty clear-the model calls for partnering or licensing or a sale with royalty payments for acquiring and financing and bringing nouveaux tech applications thru to to the commercialization point.
And IMO when your a small cap company with possible world beating disruptive technology? that's the best model to utilize.
And FWIW Who on that type of ROI-a ten bagger or even a 5 bagger for that matter going forward- would be unhappy?
Some of us are sitting on a three bagger currently.
IMO some of the discontent expressed on various threads is from the
valuations being range bound since appx June till present and that happens in my experience on every thread at some point if a range bound period becomes protracted and is not unique to EUO.
SS
Red posts ...your a waist of time posting to I just put you on ignore
First off thanks for the ignore that makes me very happy , second you make a lot of spelling and grammar mistakes so here is quick lesson
YOUR should be You are or You're which seems silly but the english language is that way. Like its shorter to type you're than you are. Pointless I know but that's the way it is.
WAIST is the wrong usage of that word , the word you were looking for is actually WASTE . Waist is the part of your body below the belly while WASTE means of no use or pointless. So there you go if nothing else you learned a little something today.
your a waist of time posting to I just put you on ignore
For sure Shawshank the big players in the right company drive the share prices
But Euo also sold GFI cause they couldn't get the job done by themselves now they get a very small piece of the pie.
Will Euo go up in price sure I can see that
is Euo a bit item ticket going to the big leagues don't see that
what track record do insiders have another thing to look at
Red posted...some pumpers tell amazing stories everything they own is the best till it falls flat on there faces
Oh my god did you actually just post that. Is that about you and GLH because it fits perfectly. If I had had about 150 spare hours I would go back and pull all your pump post re GLH in past three months which are probably in the tens of thousands. Maybe if you looked at them all lined up one after the other you would realize what a joke this post you just made is.
After all that pumping of GLH your end result was a 52 week low of 44 cents on Friday and you talk about falling flat on your face??? You got some kind of disconnected personality disorder or something going on bud. You cant be posting that and also be aware of what you do every day of your life..PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP PUMP and then FALL FLAT ON YOUR FACE !!!!!!!!!!
In my investing experience RR-as an investor you actually want your story covered from time to time on BNN-and be it Eurocontrol or Company A-Z think its important the forum of visibility that BNN provides.
A company must fight for inflow of investor interest and capital and have a reason to invest and often that is found thru visibility otherwise if you look at it rationally how does a company investment possibility come to an investors mind in the first place?
I have also been a long time supporter and said so many times on other sites-that all publicly traded companies should as a best communication practices have a company blog to field questions from shareholders or clear up any miscommunication issues in a timely manner that arise between them and/or a company-its another form or forum of visibility albeit an inexpensive one and a good service to existing or contemplating investors.
I know Magor used to offer operate one-and personally believe all companeis should.
SS
As outlined in the Call for expression of interest, documents in annex I-IV must be submitted
before 31 March 2016
So its still not a guarantee a contract has been signed or every will be signed
today its hope they get the deal
McWhirter owns around 9 % so of course he sings his tune he wants to make money thus why BNN pumps stocks everyday
As outlined in the Call for expression of interest, documents in annex I-IV must be submitted
before 31 March 2016. Section 5.3. 'Evaluation' refers to minimum mandatory requirements
which the product shall fulfil. All the supporting documentation for this section must be
submitted, as the annexes I-IV, before 31 March 2016.
Question:
The query concerns which documents must be submitted by 31
st
December 2015. As we read it you
require information specified in point 5.1, which are Annex I Questionnaire, section 1 and 2 plus
supporting documentation including Annexes II and III.
We also understand that you require Annex IV reporting sheet for the proposed marker.
As regards all the supporting documentation for Section 5.3 Evaluation, is this only required after
selection as per point 5.2. If required in electronic form the documentary evidence file is in excess of
70MB.
The deadline for the submission of applications has been extended to 31 March 2016. Please
see the corrigendum which was published on TAXUD's webpage:
http://ec.europa.eu/taxation_customs/resources/documents/taxation/excise_duties/energy_pro
ducts/aircraft_fuel/call_for_expression_of_interest_corrigendum_ii_en.pdf
As outlined in the Call for expression of interest, documents in annex I-IV must be submitted
before 31 March 2016. Section 5.3. 'Evaluation' refers to minimum mandatory requirements
which the product shall fulfil. All the supporting documentation for this section must be
submitted, as the annexes I-IV, before 31 March 2016.
If the file in electronic form is too big it can be divided and several e-mail submissions can be
made or it can be submitted on a USB flash drive.
***
For those who have not heard the news yet...
Big things cooking with SICPA and GFI in Europe...thanks to El Canadiense for some great DD
EUO: new EU tender for fuel marking , just in time for SICPA to deliver GFI to them. Note the extension of the deadline for submissions of applications which looks quite coincidental with SICPA´s interest given the delays in closing the GFI deal....
Nice timeline of events I say: :))
2015-07-06 08:27 EUOEurocontrol Technics Group Inc0.13News Release Eurocontrol to receive European patent for Petromark
2015-08-18 07:05 EUO Eurocontrol Technics Group Inc 0.16 News Release Eurocontrol to sell GFI unit to SICPA
September: EU tender announced
Extension of the deadline for submissions In point 4.1. Submission of documents the following text: "The required documents must be sent in electronic form not later than 31 December 2015 to the following address: TAXUD-C2-EUROMARKER@ec.europa.eu AND by registered mail, posted no later than 31 December 2015 the date stamp being taken as evidence of posting, to the following address: (…)" Shall be replaced by: "The required documents must be sent in electronic form not later than 31 March 2016 to the following address:
2016-01-05 10:24 EUO Eurocontrol Technics Group Inc 0.185 News Release Eurocontrol closes sale of Global Fluids to SICPA
Excise Duties: Other Energy Tax Legislation
Other legislation which covers the taxation of energy products includes:
Council Directive 95/60/ECon fiscal marking of gas oils and kerosene. This Directive provides a common marking system to identify gas oil and kerosene subject to a reduced excise rate e.g. mineral oils used as propellants. The aim of this marking is to prevent tax evasion and ensure the proper functioning of the internal market. The rules are without prejudice to national provisions on fiscal marking.
Commission Decision 2011/544/EC establishes Solvent Yellow 124 as the common fiscal marker and fixes the marking level of at least 6 mg and not more than 9 mg of marker per litre of mineral oil.
A 2004 Commission studylooked at how to establish a harmonised Community reference method of analysis for the Euromarker (Solvent Yellow 124) for laboratory tests. Member States agreed to use it as a common reference method in their analyses. This method has improved the comparability of the results of tests carried out by different Member States.
? ? On 11 September 2015 the Commission launched a Call for expression of interest in order to identify a substance suitable for use as a fiscal marker in gas oil and kerosene which performs better than Solvent Yellow 124.
ec.europa.eu
ec.europa.eu
Seems SICPA is not going to start with some little African nation for a marking contract. Going right for the big time with contract for entire European Union. Quick look says EU oil consumption is around 18,000 barrels of oil per day or 1.3 billion litres per year. How much would a fuel marking contract for 1.3 billion litres per year be worth I wonder.
some pumpers tell amazing stories everything they own is the best till it falls flat on there faces
Absolutely true. I have little doubt in my mind that finally getting that patent pushed through last summer after it having been applied for way back in 2002 is not just a coincidence. As we now know sicpa had already made advances to EUO re GFI and imho it was sicpa that said they wanted that European patent in hand before they would look at a hard offer.
I have seen info that Phillipe Amon was making suggestions to the European Commission that they needed to update their fuel marking process back in September already.
And look at this info from the Q&A sheets published by the EC regarding the fuel marker submission process....
Question 5
Could the Commission confirm that a submission
will be acceptable if made by a legal entity
based in Switzerland i.e. within the European Ec
onomic Area, or does it have to be made by
legal entity of one
of the Member States of the EU?
This question is asked because the
relevant table in Annex 2 of the invitation s
hows a table referring to the registration number
by EU member states only.
Answer:
The submissions from outside the EU will be acceptable.
What other Swiss company would be looking to submit a fuel marking program to the EC ??? Sicpa is only possible conclusion. Pretty exciting stuff thats for sure.
I see some criticism regarding BNN. I myself prefer an underlying investment exec or analyst covering a story-to support the business case thru things such as a ROB TV venue opportunity so seeing McWhirter providing some going4wd commentary on BNN this past Monday was good IMO.
FWIW I don't think enough companies get their investment opportunity message out there less they stay active on the visibility front and McWhirter has a large position in EUO both in his managed funds AND from what I remember his personal holdings.
PR is a necessary part-front end visibility is never a bad thing IMO.
To many stocks with good stories can stay discounted without it.
SS
AyeYou the bigger future pie given SICPA's location could well be entire European fuel marking adoption-it could happen that GFI/Petromark became thee " gold standard" in the fuel marking sector.
To that end this patent news from last year is important IMO going4wd.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:EUO-2292315&symbol=EUO®ion=C
SS
Something really huge is brewing here for EUO. I mean really F%&*%&$*%ng HUGE !!!
GFI suspends work in Albania
http://www.balkaneu.com/global-fluids-international-suspends-work-albania/
Analysis Chart Fibs Opinion News Fund.(y) Fund (cs) Analysts 5min Chart Quote Options Insiders
Symbol search EUO.C Analysis
Markets Overview Market Momentum Market Indices Isdex Index Nasdaq 100 Dow 30 Commodities 52 Week Highs 52 Week Lows Volume Leaders Price Advances Price Declines Percent Advances Percent Declines
EUO.C Eurocontrol Technics Gro Intraday Analysis Add to Watch List FAQ
Symbol Last Trade Date Change Open High Low Volume
EUO.C 0.155 Feb-11-2016 0.01 0.155 0.155 0.145 328,475
Note: Canadian symbols now end in .c i.e SYMB.C
Analysis Overall Short Intermediate Long
Neutral (-0.08) Neutral (-0.06) Neutral (0.08) Bearish (-0.26)
Support/Resistance
Type Value Conf.
resist. 0.20 4
resist. 0.19 12
resist. 0.19 8
resist. 0.18 4
resist. 0.17 4
resist. 0.17 6
resist. 0.17 18
resist. 0.16 12
supp 0.15 16
supp 0.15 18
supp 0.14 7
supp 0.14 2
supp 0.12 2
Chart Indicators
Ind. short Inter Long
EMA VBu Bu VBe
MACD VBu Bu N
RSI VBu
TDD Bu
Fibs Be VBe Be
Highs N Be N
Lows N VBe N
Trends Bu N N
Stoch. N
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish
Printer friendly charts
image: stockta.com
Recent CandleStick Analysis
Very Bearish
Date Candle
Feb-11-2016 Hammer
Feb-09-2016 Bearish Harami
Open Gaps
Direction Date range
down Jan-20-2016 0.15 to 0.145
http://www.stockta.com/cgi-bin/analysis.pl?symb=EUO.C&cobrand=&mode=stock#spJ6dckqxCp4Z1Cz.99
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Fundamental Data - EUO |
Security Type | Equity |
Shares Issued | 89,535,738 |
Market Cap | 16,116,000 |
Year High | 0.205 |
Year Low | 0.045 |
Sector | 20104010 - Electrical Components & Equipment |
Toronto, CANADA, September 17, 2015 - Eurocontrol Technics Group Inc. (TSX Venture: EUO) (“Eurocontrol” or the “Company”), a Canadian public company specializing in the acquisition, development and commercialization of innovative energy security, authentication, verification and certification technologies, is pleased to announce that Canadian Business and PROFIT today ranked Eurocontrol No. 221 on the 27th annual PROFIT 500. Ranking Canada’s Fastest-Growing Companies by five-year revenue growth, the PROFIT 500 profiles Canada’s most successful growth companies. A joint venture between Canada’s premier business brands, the PROFIT 500 is published in the July issue of Canadian Business and online at PROFITguide.com.
Eurocontrol made the 2015 PROFIT 500 list with five-year revenue growth of 267% an increase of 123% over the 144% five-year revenue growth in 2014. The Company’s ranking on the list improved as well – No. 221 versus No. 337 in 2014.
“The PROFIT 500 represent the highest tier of entrepreneurialism in Canada,” says James Cowan, Editor-in-chief of PROFIT and Canadian Business. “They should be lauded for the positive economic contributions they’ve made to their communities—and the entire country. They are examples of what can be accomplished with innovation, discipline and determination."
Bruce Rowlands, Chairman and Chief Executive Officer stated: “We are very pleased to be acknowledged by the PROFIT 500 list of Canada’s Fastest-Growing Companies for the second year and look forward to being included on the list in future years as Eurocontrol captures royalties from its anticipated agreement with SICPA and expands its business focus in the authentication space.”
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