A pre-market mover....
ENVOY COMM GRP INC (NasdaqSC:ECGI) Delayed quote data
Pre-Market (RT-ECN): 2.30 0.85 (58.62%)
Last Trade: 1.45
Trade Time: Dec 19
Change: 0.00 (0.00%)
Prev Close: 1.45
Open: N/A
Bid: 1.60 x 5000
Ask: 1.65 x 1000
1y Target Est: N/A
Day's Range: N/A - N/A
52wk Range: 0.41 - 3.03
Volume: 7,100
Avg Vol (3m): 115,611
Market Cap: 31.37M
P/E (ttm): 8.90
EPS (ttm): 0.16
Div & Yield: N/A (N/A)
Press Release Source: Envoy Communications Group Inc.
Envoy Communications Group Inc. announces fiscal 2005 results
Tuesday December 20, 8:30 am ET
Envoy earns $.27 per share
TORONTO, Dec. 20 /PRNewswire-FirstCall/ - Fiscal 2005 has been another successful year for Envoy Communications Group Inc.
Envoy recorded net revenue of $43.2 million for its fiscal year ended September 30, 2005, an increase of 16.8% from fiscal 2004. Net earnings were $5.9 million, or $0.27 per share, compared with a net loss of $3.1 million, or $0.18 per share, in fiscal 2004.
"With strong earnings in our North American business, complementing the contribution from the inclusion of our Parker Williams acquisition, this has been a very good year," declared Geoffrey Genovese, Chairman of the Board and Chief Executive Officer.
For the year, earnings from continuing operations were $4.1 million, compared with a loss of $2.7 million in 2004.
For the fourth quarter ended September 30, 2005, net revenue was $11.9 million, an increase of 31.1% from $9.1 million for the corresponding quarter of 2004. Net earnings were $0.9 million, or $0.04 per share, in fiscal 2005, compared to a loss of $0.3 million, or $0.01 per share in 2004.
Recent developments and highlights of 2005
- Effective February 28, 2005, through its UK subsidiary, Envoy acquired
65% of Parker Williams Design Group. PW clients include Norden Coop,
Sainsbury's and others.
- On June 30, 2005, Envoy sold its investment in John Street Inc.
subsidiary to the management of the company and, as a result, showed a
gain from discontinued operations of $1.8 million in fiscal 2005.
- To ensure compliance with its NASDAQ listing requirements, Envoy
affected a 5 for 1 share consolidation in February 2005.
- Envoy purchased and cancelled 2,447,417 of its common shares during
fiscal 2005, under the terms of a normal course issuer bid.
- For fiscal 2005, the Company will be considered to be a "Passive
Foreign Investment Company" (PFIC) under the U.S. Internal Revenue
Code.
Going forward, Envoy believes that there are a number of economic uncertainties, competitive challenges and business risks that will impact the client spending commitments of its operating companies in the 2006 fiscal year. Consequently, Envoy has recently implemented a restructuring plan that will result in annual savings in salaries, benefits and other expenses of approximately $3.7 million in fiscal 2006.
Management's discussion and analysis, containing a full analysis of financial results, is available on EDGAR (www.sec.gov/edgar.shtml) and on SEDAR (www.sedar.com).
About Envoy
Envoy Communications Group (NASDAQ: ECGI / TSX:ECG) is an international consumer and retail branding company with offices throughout North America and Europe. For more information on Envoy visit www.envoy.to.
Link has Financial Highlights :
http://biz.yahoo.com/prnews/051220/to038.html?.v=20
nice pick bro
This one has been holding up well the past 3 trading sessions with good volume.
3 magic lines below ;D
What I have here is a weekly chart.
Premarket most active.
Positive net price.
Volume at least 100,000
Just saw a block trade.
Waitng for planets to align.
Is this going to go past 25 cents above the open?
I have my alert set at 3.08
premarket high of 3.15
In at 3.15
mental stop at 2.95
reached goal of 3.40, setting mental stop at 3.20
reached goal of 3.60, setting mental stop at 3.40
Just came back from my son's school.
I asked my wife to exit my position (before taking my son to school)
She exited me at 3.89
May go in again at the Hourly pullback.
Just noting that in this chart(Stockcharts) it shows 50 below 200 whereas the chart from tradefreedom shows 50 above 200 (I've been assuming that this was sma).
Under chart settings, I have Moving average(high = 50) and Moving Average(Low = 200).
For long term holders,
This is the how the most recent weekly chart looks today.
An upside break of a tight Bollinger Band with big volume.
Fresh cross on MACD and MACD Histogram.
A cross of the stochastics ( my concern is it's in overbought territory - but I saw some stocks before flying on overbought conditions).
I'm going to take a nap first so that I'll have some energy later to drive the bus.
Hopefully, the Market Makers will hold the stock from flying until 3pm if not, good luck to long term holders.
Scalpers, this time is about your playground.
Shorts may want to re-asses their positions.
I'll be following this stock to see where 100 shares(long term) at $3.15 will be taken.
Where's the next resistance?
Potential.......
52wk Range: 1.31 - 2.74
Volume: 3,718,585............. ;D
Avg Vol (3m): 63,752.5
Technicals
Last Price Quote is:
32.09%above 13-day MA
41.97%above 50-day MA
RS Rating: 96
Fundamentals
Key Data:
Market Cap (M): $42.52
P/E Ratio: 36.93
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
AP
Envoy Communications 1Q Posts Profit
Tuesday February 13, 10:36 am ET
Envoy Communications Swings to 1st-Quarter Profit on Revenue Increase
NEW YORK (AP) -- Envoy Communications Group Inc. said Monday it swung to a fiscal first-quarter profit on a jump in revenue.
The announcement sent shares of the Toronto company up 28 cents, or 10 percent, to $2.98 in early trading on the Nasdaq.
For the quarter ended Dec. 31, Envoy Communications earned $1.6 million Canadian ($1.4 million), or 8 cents Canadian (7 cents) per share, compared with a loss of $1.1 million, or 5 cents per share, for the same quarter in 2006.
Revenue rose 57.2 percent to $5 million ($4.3 million) from $3.2 million in the year-ago period.
Company officials credited the results to strong performances from its consumer and retail branding business and its merchant banking business. Envoy also said it bought and canceled 45.6 percent of its outstanding shares, the result of which was an increase in the net book value per share of 28.9 percent.
Shares of ECGI rose 23 cents, or 8.7 percent, to $2.93 on the Nasdaq in morning trading.
Inserted a copy of my notes here from 100 shares long term.
Update on ECGI
1 Big upwards volume backed move
2 Pullback of price and volume that was at least 2 days
3 a higher high with higher volume than previous day
4 stochastics about to cross or just crossed
5 High of most recent candle is the same as the close of the breakout which is $3.67
6 an open above 3.60(most recent close) and a break above 3.67 with big volume should trigger the G-spot or would 3.80(highest open) be the trigger?
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Watching ECGI. Planning to get in with real money here.
showing a MACD divergence in the 1 minute chart
stochastics getting close to oversold
RSI(2) already below 20
momentum still below zero
tempted to bid at 3.59
price currently at the 1 standard deviation linear regression support
I'm holding off on my entry because there may be a wolfe wave with fibonnaci extention entry.
3.40 and 3.24 target.