EOH is on the verge of technical insolvency

[Willie Trombone]

In the other thread about this I posted the share price drop (on phone, so not gonna do it now) from Dec 2016 to when this CEO took over in Sept 2018 and it dropped like 79% in that period before he took over. If these critics also blame the previous executives, all good, if only blaming this one, I wonder if some of these critics are not perhaps the previous value destroying executives?

Was about to say this. When you root out corruption that is the cause of high revenue this is what happens. The company and the culture it's built on are taken away and there's nothing of value left.

 

[InvisibleJim]

Lol. EOH was an abandoned ship, half its board had fled to Australia and all the big funds were dumping the shares off their books and writing down the loss. This was always a wind down job, nothing left to save. With all the big companies moving to cloud services the days of useless IT middlemen selling windows server licenses is dead.

To be fair to EOH, their portfolio has always been a lot broader than selling MS licenses.

 

[TelkomUseless]

Hot dang... the CEO is coining it. Milk that cow before it dies.

 

[jetlee]

You have no idea what you are talking about if you think cloud services are not license based

I dont think he said the cloud was not license based, he said the days of useless IT middlemen selling windows server licenses is dead, and hes right.

 

[cda]

To be fair to EOH, their portfolio has always been a lot broader than selling MS licenses.

Like what?

 

[InvisibleJim]

Like what?

I've mainly dealt with them through ERP support, BI Systems, Security, networking and consultancy services. Even now, there's different businesses within EOH that do a range of different things.

 

[CaptainStark]

His job was to unbundle as much as he could from it to save jobs, contracts and value. So he did that well.

EOH has a tainted reputation, so it had to be done.

If everything was still sitting under the EOH banner today is would be worth fokkol.

This.

 

[Jet-Fighter7700]

drove past their Offices today, Company looks like its dead, For lease/Sale signs everywhere on their offices.
wonder if its going to turn out to be like Didata that just before exploding, got brought out by another company.

 

[cda]

I've mainly dealt with them through ERP support, BI Systems, Security, networking and consultancy services. Even now, there's different businesses within EOH that do a range of different things.

Tiny portion of revenue though. Saturated markets with low margins and not enough to support the business without massive cutbacks

In terms of their balance sheet licensing makes up 80% of revenue. Support is purely cost to try and lend credibility and extra services on those licenses. Take away the licensing side and the business collapses quicker than FTX, simple as that, and on-prem ERP is a dying game