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ECK Eckoh Plc

38.00
-0.50 (-1.30%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eckoh Plc LSE:ECK London Ordinary Share GB0033359141 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -1.30% 38.00 37.00 39.00 38.50 37.50 38.50 229,774 10:45:50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 38.82M 4.64M 0.0160 23.75 110.37M
Eckoh Plc is listed in the Communications Services sector of the London Stock Exchange with ticker ECK. The last closing price for Eckoh was 38.50p. Over the last year, Eckoh shares have traded in a share price range of 30.50p to 45.50p.

Eckoh currently has 290,439,014 shares in issue. The market capitalisation of Eckoh is £110.37 million. Eckoh has a price to earnings ratio (PE ratio) of 23.75.

Eckoh Share Discussion Threads

Showing 7901 to 7921 of 8600 messages
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DateSubjectAuthorDiscuss
05/9/2016
14:28
On balance, this is perhaps a good opportunity to cautiously increase a holding on the basis that the product and market position remain good but we have had an error of contract execution in USA (not uncommon for UK companies) and a change of US strategy causing a significant temporary cash-flow setback.
These are now in the price and will remain so for some time (at a guess, could be about 18 months)- so no hurry to jump in big style and not one for the get-rich-quick brigade.

At ~50p I had cooled on the idea of acquiring a really significant holding on the grounds of valuation risk. In the 30-35p range and assuming underlying progress continues, that objective could now look sensible again.

boadicea
05/9/2016
07:23
Yes, they said same as last year
reallyrich
03/9/2016
12:22
Anyone got forecasts after the Profit Warning?
tattooed93
03/9/2016
09:30
well I am in on Monday for a few more. Held for 15 or so years so feel a few more need to be added.

GLA

reallyrich
03/9/2016
08:13
Looks vulnerable now watch this space!
doc robinson
03/9/2016
05:36
Hmm, I think most people would acknowledge that the shareprice has been running ahead of events for some time now. Hence the reliance on a constant drip feed of "good news" not so much as to keep up the momentum but maintain the shareprice where it was.

So, first piece of negativity and the shareprice takes a, not unexpected, beating.

I have expressed concerns in the past re operating in the US (post 572), I think British companies get all starry eyed and twinkly over the size of the North American market not realising it is full of shark infested waters.

The RNS is full of verbiage but it seems that the change in the US business model boils down to a move away from up-front payments to drip-fed payments. This will reduce projected earnings in the short term until the situation normalises although the normalisation process requires an increase in sales.

The dodgy contract is a bit of a blow but hopefully it gets the dirty laundry out into the open and, despite my US reservations, could just have easily have happened with a UK company acquisition (contracts do go bad).

The RNS is billed as a Trading Update but some are saying it should have been more accurately described as a profit warning.

Overall, this is a bit of a bummer and (IMHO) puts the shareprice growth story back at least 2 years.

...unless someone puts us out of our misery with a bid.

septimus quaid
02/9/2016
16:01
reallyrich - I take your point to an extent, but the cash flow will be dented this year by the reported factors and the hoped for rapid expansion in US SaaS will incur roll-out expenditure without immediately generating much cash. Additionally, the company signalled obliquely (by appointing an acquisition specialist to the board in July) that it intended to follow an acquisition trail. This leads me to suppose that current cash resources may now perhaps become stretched.
boadicea
02/9/2016
14:40
For once in my life i have been lucky ,
needed some cash last week and had to sell either these or GVC , don't know why but i sold ECK at 49p .
so so lucky but i do intend to buy back when i get some more funds available.

oohrogerpalmer
02/9/2016
14:32
Been hit hard here like everyone else. However, having taken a close look at everything again I have decided to top up. Might not be the low point but I feel problems within today's RNS largely relate to this year and if anything the company will be stronger post 2017.
martinthebrave
02/9/2016
10:20
Why a placing it has cash it.makes a lot of cash, so why say a placing boadicea
reallyrich
02/9/2016
08:21
Buying opportunity. The demand for this tech will continue to grow. I don't see the rns as being optimistic or for that matter pessimistic, it just states they have changed the pricing model, which has some short term negative and long term positive effects. Big deal... :) .... it will wobble then recover quickly.
greg the grinch
02/9/2016
08:12
Looks like the company like many before have been taken foe a ride by buying dodgy assets in the USA.
jotoha2
02/9/2016
07:51
As always, it is difficult to work out the full implications of the problem from the optimistically slanted version in the RNS.
The share price stood (before today's fall) at about 5x annual turnover which is quite heady. A growth set-back could easily halve that. Also, the drop in early stage revenues from US expansion under the change to SaaS could put strain on cash flow and reserves.
I don't see any of this as a serious systemic threat to the company, except as an increased risk of predatory attention. However, it will almost certainly depress the share price for the next couple of years at best with an increased risk of a placing at some stage.
On the brighter side, some 65% of total revenue is recurring (not counting the historically small recurring contribution from US ops) and one can assume that the target is to move everywhere towards the near 80% currently achieved in UK.

boadicea
02/9/2016
07:05
Beware catching a falling knife, however cheap it appears to be!
mylands
02/9/2016
07:03
Also no new contracts
reallyrich
02/9/2016
07:00
Wow first bad rns for many years. Thanks a fux ker
reallyrich
02/9/2016
06:08
Profit warning this morning
trickyricky
27/7/2016
08:03
Just seems generous given past deals.

will give an example when I have time

reallyrich
27/7/2016
05:16
Just curious Rich, why do you think ECK overpaid?

There seems to be a fairly stiff obstacle to overcome before ECK pay more than the £2.53m they've paid already (total consideration £8m):

No deferred consideration would be paid unless a minimum of £1m of EBITDA was generated in the 24 months following completion of the sale.

For the 12 months ended 31 December 2015, K2C had unaudited revenues of £881,000 and EBITDA of £219,000. At 31 May 2015, net assets stood at £768,000.

septimus quaid
23/7/2016
02:10
so much for the markets day presentation
reallyrich
21/7/2016
15:47
As I read the deal, they have paid circa 10 times current earnings if the company did not hit ANY of its targets with trading remaining the same. The business is a growth sector, if the company hits ALL its targets, Eck will have paid £8M for a company making circa £1M per annum, or 8 times earnings. Therefore based on ECK current EPS, and as already stated in the announcement the deal will be earnings accretive immediately, sounds like a good deal to me
nickelmer
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