Eckoh Share Discussion Threads

[nickelmer] 25/7/2014 12:12

IMHO a good move, if they use their cash reserves the saving equates to 6.8% on the money, much better than cash in the bank. Not sure why they are considering funding options, I cant see that they will need to raise funds for this deal. They also get more office space at no extra cost to help with their expansion, nice one guys

[bamboo2] 25/7/2014 09:46

Is it this?

25 Jul 2014
Purchase of Head Office Freehold
Eckoh plc (AIM: ECK), a global provider of secure payment products and customer service solutions, is pleased to announce that it has successfully reached agreement to acquire the freehold of its existing Hemel Hempstead head office for a consideration of £2.9m.

The purchase of the freehold will result in an annual rent saving of £0.2m. The new arrangement will also allow Eckoh to take ownership of an additional 4,050 square feet of office space in addition to the current 11,670 square feet currently rented, which will support ongoing growth and the Company's increasing head count. At the end of the current lease in March 2015, the freehold to the premises will be acquired for £2.9m. A deposit of £0.4m is payable immediately and will be funded from existing cash reserves with the remaining £2.5m to be paid upon completion in March 2015. Options for funding the remaining consideration are currently being explored.

Chief Executive Officer, Nik Philpot commented: "The acquisition of the freehold is a very positive step for Eckoh, not only does it secure our office requirements for the immediate future at a lower overall cost, it also avoids what would have been an expensive and disruptive move to alternative premises. The additional space will allow us to comfortably accommodate our medium term planned increases in headcount and provide a better overall working environment for our staff."

[snape] 25/7/2014 09:39

i assume its the rns about the purchase of a freehold as showing on investigate

[spookies] 25/7/2014 09:36

Anyone have any idea what the flash news rns is?

[septimus quaid] 17/7/2014 22:15

27. Events after the Statement of Financial Position Date
Post year end the Directors are recommending that a final dividend for the year ended 31 March 2014 of 0.3125 pence per ordinary share be paid to the shareholders whose names appear on the register at the close of business on 22 August 2014 with payment on 19 September 2014. The ex-dividend date will be 20 August 2014. This recommendation will be put to the shareholders at the Annual General Meeting. Based on the shares in issue at the year end, this payment would amount to
£0.7m.

[vb79] 15/7/2014 20:09

Broken down past the 50 day moving average of 41p. Further falls likely unfortunately, especially as historically the markets are shaky this week and next. Interesting to see if it can hold the 200 day moving average of 34.5p. If it bounces from there it will test its highs again. Otherwise next support c30p. Great company, just share price got ahead of itself I think.

[nickelmer] 11/7/2014 14:33

Interesting point bamboo2, and it would would pretty much keep the uptrend intact.

I suspect however we are due a healthy correction, before we can move on to new highs unless of course further contract wins are announced in the near term.

But then we PI's are experts in our own opinions, so what do I know If I actually knew the winning numbers I would buy a lottery ticket!

Buy Right and Sit Tight as a clever man once said

[bamboo2] 11/7/2014 13:40

If it's a h&s with the head at 48, the target is about 39, so we should close higher than we are now [mid 37.75 approx]

[nickelmer] 11/7/2014 12:34

No share can go up in a straight line forever. Eck have done fabulously well and continue to do so. They were due a correction, which is only healthy, I could see them correcting to circa 35p before beginning the next drive upwards, ultimately to new highs.

PI's should remind themselves of a few bullish points

1. Revenues are very predictable and they are all long term contracts
2. The USA deal is potentially transformational and they already have minimum revenues secured via their US partner.
3. The Veritape acquisition is going well and still yet to reflect fully in a full years figures.
4. Any new contracts drop straight to bottom line profits

There is clearly a seller out there, in reasonably large size by the volumes today, once the stock is placed I would expect a move back to higher levels as the company continues its growth

Good Luck All Holders

[septimus quaid] 11/7/2014 11:22

Hmm, big volume sell off this morning.

I thought things were getting a bit ahead of themselves share price wise, could be just a lack of more news?

Or possibly 'cause I topped up last week!

[aj_hart17] 11/7/2014 11:20

Anyone know whats going on here, biggest drop I have seen for months!!

[oohrogerpalmer] 11/7/2014 11:04

some bad news due out !!!!

[bamboo2] 08/7/2014 08:31

Thanks marazin

[mazarin] 05/7/2014 08:37

Hi Bamboo, You may notice that I have now created a link to the chart you requested, its available for all to view, via a 'Tinyurl' link placed at the end of Header. My aim is to minimise header 'clutter.' Hope it's OK for you and thanks for the guidance.

[mazarin] 01/7/2014 11:03

Hi Bamboo - thanks for tech info, I'll give it a go, although looks a little complicated for my limited talents. Your input here is appreciated - thanks. The only graph I like is one showing a sustained rise and I reckon we're due one any time soon.

[bamboo2] 01/7/2014 08:29

Hi marazin, the chart is posted to the header as an image, the address of the image is found by right-clicking on the chart, select properties, then highlight the address, right-click the highlight, copy, and paste with the html code for images. There are some test bb's where you can practice, but make sure you have saved your existing header info somewhere first!

It is one of advfn charts. It is updated when you refresh the page. Once you get confident, it is configurable for size and all other parameters.
The standard header charts can be unreliable.

If a prob I can always refer back to the post above, or tag the chart on the end of one of the other ECK bb's. All the best.

[septimus quaid] 30/6/2014 12:12

Mazarin, I like your suggestion re avoiding clutter

[mazarin] 30/6/2014 09:43

Hi Bamboo
Will consider it, but unsure how to achieve, what is the source of your chart? I do actually prefer to keep headers uncluttered, but quite happy to include suitable link, if you can oblige. Nice to see your contributions again, thought you may have left us.

[bamboo2] 30/6/2014 08:18

Hi Mazarin, would it be possible to have a chart with candlesticks and volume in the header?

Something like this perhaps, if no objections?

[mazarin] 29/6/2014 18:05

A couple of informative links - thanks

[cloudwars] 28/6/2014 15:19

Have a look at West!

[bamboo2] 19/6/2014 09:36

We should know by Monday, if the price is going to stay above the old trend lines.
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added 24/06/14, miscounted the days, meant Tuesday.

[mazarin] 19/6/2014 07:14

Note that Kestrel reduce holding to 10.65%