LONDON, July 1, 2026, 15:03 (BST)
- Everest Global last quoted at 120p, bid at 80p with a 160p ask. Just 585 shares traded so far.
- The quote gives a market cap near £464,000, which is below the £1.06 million cash stated in the latest annual report.
- The cash discount isn’t straightforward. The group reported £2.54 million in convertible loan notes and showed negative equity.
- No new RNS has come out in the past 24-48 hours. The last company RNS on Investegate was the final results on Feb. 27.
Everest Global PLC (LON:EVST) stayed deep in micro-cap range Wednesday, trading with a market cap under its reported cash, though its capital structure doesn’t offer a clear way to play a cash discount.
The London Stock Exchange Main Market-listed firm, focused on food and beverage retail and distribution, last traded at 120p, holding flat for the day, according to London South East. Bid sat at 80p, with the ask at 160p, making for a 100% bid spread. The market cap was posted at £464,330. Two trades showed up: one for 579 shares at 80p, another for six shares at 145p, totalling £471.90.
| EVST trades July 1 | Price | Volume | Value |
|---|---|---|---|
| 10:16:53 sell | 80p | 579 | £463.20 |
| 08:50:57 buy | 145p | 6 | £8.70 |
| Total | — | 585 | £471.90 |
That’s what matters for investors. When a share’s quote is under half a million pounds, it can look cheap against the cash. But it’s tough to say what price you can actually get when £472 trades happen between an 80p and 160p spread.
Hargreaves Lansdown listed the stock at 120p for both the open and previous close, with a market value of £464,334 and volume at 585. Shares in issue stood at 386,945. The company noted prices come with at least a 15-minute delay.
Everest’s most recent full-year numbers put its big cash total in perspective. Revenue for the year to Oct. 31, 2025, was £566,755, rising from £437,768, but the loss before tax from continuing operations grew to £1.11 million, up from £629,780.
| Measure | FY2025 | FY2024 |
|---|---|---|
| Revenue | £566,755 | £437,768 |
| Gross profit | £171,362 | £108,054 |
| Operating loss | £1,085,087 | £669,607 |
| Loss before tax, continuing operations | £1,105,279 | £629,780 |
| Cash and cash equivalents | £1,063,463 | £279,725 |
Cash on hand was roughly 2.3 times Wednesday’s quoted market cap. At the same time, accounts listed £3.39 million in total liabilities, £2.54 million in convertible loan notes, and negative equity of £971,464 at year-end. Using the latest share count after the reorganisation, cash is about 275p a share and the reported CLNs are about 656p a share.
There hasn’t been an Everest RNS on Investegate since Feb. 27, when it posted its final results. The only other recent update was an amendment to its convertible loan notes on Feb. 18.
In a Feb. 18 filing, Everest reported it pushed back the maturity date on £552,163 of CLNs to March 31, 2028, with all other terms the same. The notes are owned by Golden Nice International Group Limited, controlled by Ziwei Peng, who holds 24.55% of Everest. Everest said it wasn’t ready to pay back the notes, and that converting them would put Peng at 30% or above voting rights, which needs approvals that aren’t in place.
Everest did a capital reorganisation in November, cutting the register to 386,945 new ordinary shares. The EVST ticker stayed the same. The company said trading for the new shares on the Main Market started Nov. 10.
Everest stuck with its acquisition-led strategy. In annual results, the company said it will focus this year on acquisitions, investment and joint ventures in the food and beverage sector, mainly targeting beverage distribution and production across the UK and Europe. Everest said it will need more capital to go after these strategic opportunities.
This is notable since Wednesday’s quote puts the stock below stated cash, but it’s also a price for a company that last year lost close to twice what it took in, has little free float, and whose CLN terms are higher than the ordinary equity’s market cap.
