Eckoh Share Discussion Threads

[reallyrich] 03/7/2015 13:17

I stand corrected although you might want to rephrase your comments of being taken inside a lot hybrasil!! lol

[nickelmer] 03/7/2015 09:08

I am slightly disappointed to hear the deal will not go through, it did sound as if it would have been earnings enhancing. However, I will be happy to have a larger slice of the USA business since no new shares will now be issued. I hope that Eckoh's good organic growth can continue

[hybrasil] 03/7/2015 08:16

Mylands
Absolutely. I too have often been taken inside. Indeed I believe that Netcall has been large on the radar now for years. So what happened clearly should have not.

We now have to hope that they can move on the USA.

[mylands] 03/7/2015 07:53

reallyrich

Don't agree that a discussion with the shareholder could not have taken place because they would have become an insider. That can be done after the person being made an insider declares they understand the restrictions that are then placed on them by the Exchange rules.

It has happened to me on a couple of occasions in takeover situations. Companies want to make sure that they have the backing of major shareholders and I agree with Hybrasil, they should have spoken with the shareholder before going live with the announcement of talks. The Nomads should be taken to task for failing to realise this might happen. A lot of egg on people's faces!

[nashwan123] 03/7/2015 07:46

Not sure how to interpret this RNS other than more negative for Netcall than ECK.Either way an opportunity for the MMs to create a fuss! ECK business model still firmly on track and winning new business.

[reallyrich] 03/7/2015 07:28

Not really as that would of been inside information, as that shareholder is not a director.

I would of expected a takeover at some stage of the enlarged Eck group once Netcall was bedded in and also a few of the American contracts start to be agreed.

I expect netcall price to continue its previous fall.

GLA

15 years and still holding!!

[hybrasil] 03/7/2015 07:12

It's not rocket science. Surely that discussion with a shareholder who could block the bid should have happened before the original announcement

[greg the grinch] 30/6/2015 15:40

I still have all my shares with a view to a few more.

these rns's make be wonder if there is a bid coming.

eck is still cheap as chips for any of the big guys.

Maybe a monster contract?

[mazarin] 26/6/2015 16:26

It sounds to me as though HMRC are in dire need of ECK's customer care solutions, judging by today's news:

[mazarin] 26/6/2015 15:58

List of Substantial Holders, of 3% or more and Directors' Interests, dated (30/11/14) from ECK's Investor Info:

[hybrasil] 26/6/2015 15:20

Thank you whispa

[wh1spa] 26/6/2015 11:16

Significant holders are usually 3% and above and during normal periods this percentage ,either crossing above and usually below, triggers an RNS. During a period of takeover however all holders with a stake above 1% have to declare their interest.

[oohrogerpalmer] 26/6/2015 11:02

These RNS statements show why stock markets , banks and other financial institutions are so corrupt.
If they were plain speaking and transparent you wouldn't have the levels of corruption that we have.

They purposely make even a simple statement look complicated so can you imagine what the complicated ones look like.
All designed to make it as murky as possible which makes it easier to cover up their wrong doings !!!

[septimus quaid] 26/6/2015 10:36

Mazarin, I agree, the form looks like it's been designed to obscure the facts.

Not rocket science to make it clearer.

[mazarin] 26/6/2015 10:08

I find the format of these Disclosures, by way of RNS is made deliberately difficult to interpret and constantly fail to understand why such notices are not made so much clearer in the interests of 'transparency'. Companies and Parties are required by regulation to notify 'the Market' of any large interest change or 'price sensitive' information, yet often do so in such a manner as to make it difficult to appreciate what they're actually announcing. It often needs to be re-read several times to get the message. I've just checked ECK's list of 'Significant Holders', as of 30th November 14 and Sarasin and Partners LLB were not listed at that time, so can only assume this is a Notification their holding.

[hybrasil] 26/6/2015 09:40

nashwan123

Thats just a disclosure of an existing position I think

[nashwan123] 26/6/2015 09:10

Singer just turned blue on L2 at 42.5p!

[nashwan123] 26/6/2015 08:09

If I've read the last RNS correctly then Sarasin & Partners LLP have taken a long position in ECK on the basis they expect the share price to rise.So a positive validation of the company's prospects at this time.

[septimus quaid] 26/6/2015 07:46

With a market cap of £88M, I see this co. more as a tasty takeover morsel. Tempting fate I know but hence my reluctance to take profits.

[nickelmer] 26/6/2015 07:15

I guess this sort of deal was always on the cards, Eckoh would appear to be ready to remove their nearest competitor by taking them over! Once the largest competitor is removed, the next issue is how much can they make in savings, you would expect the figure to be considerable , both in staff and board member reductions, reduced listing costs, centralised HQ, reduced rents, so if Eck can continue to deliver UK & USA growth as forecast AND deliver significant cost savings within NET, the result could be a lean and very profitable business.

[woodcutter] 25/6/2015 13:29

I've looked at ECK many times and continue to feel it's way over priced, that hasn't stopped the share price rising but i think it's finally got too far ahead of itself. It's a sound business but the earnings don't justify the share price

Digital look figs
Todays eps have them on a per of over 40
growth in eps next year is forecast to be 59% excluding NET acquisition.

NET are forecast this year to do same eps as last year at 2.8p for a per of 18 and only 4% more next year. Growth has stalled, indeed it's been falling yoy for the last four years. Hence i can see the attraction of the acquisition.
Similar size businesses too.

However, my feelings would be that ECK would struggle to make 59% eps growth next year if this venture proceeds as they'll be too busy bringing the businesses together.

Great business but overpriced, borne out by todays drop. A drop through 35p would be significant.

woody

[investorneil1] 25/6/2015 10:04

Super company! Just way too expensive and the market realise that. Yes its growing, but even then, over 40 x PBT to MCAP is undeserved imo. I sold out for this reason. Imv PBT needs to treble to justify the current share price Good luck if you continue to hold.

[mazarin] 25/6/2015 09:55

So far a rather subdued response in terms of share price to some great results and potentially significant news of Netcall acquisition. Importantly ECK again demonstrates its continued ability to retain Contracts with existing clients and goes even further by extending its Services across more diversified industries. Well done ECK. I'm confident that these results will eventually soon be recognised by Analysts... when they've done the sums and had their coffee...!

[baxter99] 25/6/2015 09:54

There's no pleasing some people!

[hybrasil] 25/6/2015 09:47

Very surprised at the total lack of interest