Eurocontrol Technics Ord EUCTF

It is still cheap

[green24]

Our cash position looks a little worse.   I think this was expected.   My question now would be how much of the loss was already baked into this August slide?   In June and July we averaged about .185.   With the bid at .15 at the moment, that is 3.5c lower.   How much lower is our cash position quarter over quarter?   Around $811k.   Less than a cent per share.  Have we overshot to the downside?

Should we be bouncing back to around .175?   Just to put us roughly where we were in June and July?

There is still so much potential here.   One decent GFI contract for SICPA or some XwinSys sales and the stock should take off.

[Ringert]

At the moment there is no incentive whatsoever to buy EUO. Reading today's information, any potential that might be there won't materialize before 2017. We'll likely drift lower and lower for the rest of the year seeing as their burn rate is rather high and there are no immediate catalyzers to be expected.

[xsnrg]

Fair statement I trimmed my position here from about 1M to 300k over the past few months.   Was hoping to buy back my original position but this doesn't make me rush to do so.  If anything I might continue to trim and jump on a faster speedboat for the next few months.  I don't mind being patient but these guys are so arrogant they don't even put an effort to the MD&

[Ringert]

Jup, haven't ever seen a company that was so bad at communicating as EUO is. Btw, have you ever tried talking to SICPA? I'd recommend you to contact them. I myself am confident a takeover will never happen after having spoken to them.

[Trooperhobo]

Even with expected cash burn this should be trading plus $0.20 at book value.  Next  shoe to drop will be announcment or next quarter financials abouot SIPCA incremental payment (if any).  I can't see anything else on horizon.

[PutSHonBlast]

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