Eckoh Share Discussion Threads

[mylands] 16/6/2014 08:21

With quite a few reasonable sized sells going through this morning adding to those coming at the end of last week, the resilience of the share price is interesting.

Not sure how many saw the two very large trades last week of over a million each at 46.5p. At the time I thought these could be American buying. No hard evidence for it, but the recent news about the US must have raised ECK's profile in the US.

Today's selling seems to have a buyer(s) to take the stock, otherwise the share price would surely be dropping. A holding's RNS showing a US investment house would be good news.

[baxter99] 15/6/2014 21:50

IC are providing a buying opportunity if the share price falls due to their comment

[oohrogerpalmer] 14/6/2014 19:01

I would be more worried if IC gave a buy recommend !!!

[cestnous] 14/6/2014 16:40

But people do read it and the article was repeated in yesterdays
'Moneyweek' mag. Could cause a small, if temporary blip.

[greg the grinch] 14/6/2014 12:49

Institutions will be accumulating until ECK potential is reached or they start to falter, any sells will be absorbed and the trend will continue, might wiggle around a bit but ECK is going higher. As for IC it belongs in the WC

[septimus quaid] 13/6/2014 22:56

I always thought that conventional wisdom dictates you do the exact opposite of what IC recommends.

[orange1] 13/6/2014 11:59

or: stick to the trend but watch out for the bend.

[bamboo2] 13/6/2014 11:46

Stick with the trend until it reaches the end.

[malinkie] 13/6/2014 10:55

What do they know? After RR''s big dive from £13 IC immediately came out and tipped them at £10.27 on 14th May, where are they now £10.13. BS merchants the lot of them, always looking for low hanging fruit...........

[mazarin] 13/6/2014 10:07

Thanks for the info cestnous - interesting the they should take that view, particularly in the wake of improved newsfeed and increased dividend. IC is generally quite supportive of ECK. However, put into context I suspect they recommended a 'buy' a while back when it was probably low 30's (incidentally I added low 20's, acting on my own advice well before IC comment) and the current price may well represent a healthy profit on that, so from their perspective, I could see their man (or woman?) coming up with that conclusion - its all about them saying they 'called it right' for their records. I believe they have their own agendas and only have a certain number of Companies on their watch list, their conclusions are not necessarily in line with the objectives of us PI's.

[oregano] 13/6/2014 09:56

they will be out roadshowing to investors post results. and the fact that the shares are trading at a high, with decent volumes being transacted, and other tech performing poorly, gives a pretty good indication of what we should be doing.

[mylands] 13/6/2014 09:08

As we all know, do the opposite to what the IC says!

[cestnous] 13/6/2014 09:05

I.C. says going well but price just too rich - gives a sell rec. today.

Don't shoot the messenger!

[greg the grinch] 12/6/2014 10:34

Lets not forget the patent that provides a barrier to entry, which is something investors look for.

[sven2006] 12/6/2014 10:14

Kestrel brought me here to be honest ( I hold CTP and await news there too)

Sven

[baxter99] 12/6/2014 08:19

Agree entirely maz - it would be a great shame to be taken over with so much potential. I could be invested here for many years

[mazarin] 12/6/2014 00:23

As I've said before there are already some big Holders of ECK, see post 265 that refers to Hardgreaves Hale with 20% and Kestrel Partners with 11.01%, not to mention Nigel Slater and his Fund. Eck already has some big followers and it would only take a handful of these to agree to combine to get majority holding. See previous string of RNS's re: Major Interest Holdings.

I hope this won't happen as IMO it would not be in interests of PI's. Far better for the company to develop on present lines, as Nick Philpot and his BOD are taking us in the right direction.

[mattjos] 11/6/2014 21:22

be rather surprised if this did not attract a bidder whilst under £1. it might seem expensive as of today but, the business model is very, very quickly scalable, profitable & defensible. It's easy to understand the card system and its benefits.
They should be able to very quickly leverage the blue-chip client base and reference sites from the UK across the rest of the world, not just the USA.
The divi is icing on the cake at this stage

[mylands] 11/6/2014 20:36

Some big trades late in the day and then a couple of large ones, each over a million shares, after hours at 46.5p.

Could this be the start of US institutional buying?

[bookwormy2] 11/6/2014 15:51

eckoh dominates payment protection in the uk the usa is a vastly bigger market and it partners with an as yet unknown us company that claims as clients 80% of the fortune 500 how should this be valued from here

[oregano] 11/6/2014 15:41

the interesting thing about the Edison note, is that the numbers are way above their broker, Singers. and Edison is sponsored research effectively written by the company. so it provides a fairly good steer on numbers.

RR - I think they mentioned it in their statement, but their cash position was artificially high this time round due to a WC movement. and they are investing to drive the US growth

[reallyrich] 11/6/2014 14:51

Thanks or the link Orange.

I had a quick look and I must say their forecast for cash FY16 is way too low. They almost have that amount now.

[orange1] 11/6/2014 14:24

Eckoh U.S. Investment To Drive Revenue Growth

[greg the grinch] 11/6/2014 11:21

We have a min £3m pa from the US, which could me much larger and will be mostly profit, plus the UK profits. My guess is a min of £7m profit and a likely one of £10m to £20m and higher if we get lucky and as time passes, so I will hold long term.

We have the catalyst for the big US contracts, now we need to get them and when that happens the brokers are going to up their numbers.