Eckoh Share Discussion Threads

[greg the grinch] 09/1/2017 19:07

Worldpay buyout at £1 would be nice.

[septimus quaid] 29/11/2016 10:39

Can't criticise ECK's timing re the purchase of the US assets:

1) Bought when Sterling was high
2) Revenues when Sterling is low

[hydrus] 29/11/2016 09:49

I've taken a few off the back of the revenue growth although must admit earlier than I normally would as haven't completed normal research. I like recurring revenue models and they are clearly moving towards that.

[mylands] 29/11/2016 08:58

Must be back above 50p in the short term IMO.

[reallyrich] 29/11/2016 08:46

Yep Mylands

great results

[mylands] 29/11/2016 08:40

Wow, what a performance in the US and no mention of the falling pound and how that is boosting the US revenues from £31k to £4 million!

I should correct that as the figures are in sterling not dollars. Still, future revenue will be helped by the fall in Sterling, which would not have been factored in pre the Brexit vote and definitely do not seem to have been reflected in the share price over the past six months.

[reallyrich] 29/11/2016 08:15

Hi Hydrus

hope these results and outlook give an idea about the high value

[reallyrich] 27/11/2016 13:12

Hi Hydrus

I would imagine given the American growth prospects give a higher rating.

Also I am not entirely disputing your PE 64 but on iii it is shown as 45

[...]

and hargreves 45

hxxp://www.hl.co.uk/shares/shares-search-results/e/eckoh-plc-ordinary-0.25p

I suppose that is based upon current share price..


Anyway Tuesday will bring good news and further upside in share price

[hydrus] 27/11/2016 07:01

Really rich - it might be a one-off but it puts the company on a PE of 64. Even with projected double digit growth that is a very high rating. I am trying to understand what it is specifically that makes this an attractive entry point. Perhaps if someone has calculated what they think next years earnings will be that will help me. Any comments on this specific point welcome thanks.

[reallyrich] 27/11/2016 00:53

Hydrus did you read why? It was a one off!!


Apart from that this company has constant double digit growth each year. Cash flow positive, cash in the bank, and the expansion in America gaining traction all the time. Read all the previous RNS nothing but good news.

Anyway lets see what the 29th brings

[hydrus] 26/11/2016 19:07

Sorry to clarify the 0.61 EPS is last years performance

[hydrus] 26/11/2016 19:06

The latest trading statement said:' it is expected that the Company's pre-tax profits for the year to 31 March 2017 will be below market expectations and is expected to be in line with the performance last year'Does that mean 0.61 EPS expected also because if so I'm trying to understand why this is on such a high rating. Any thoughts on this appreciated.

[greg the grinch] 25/11/2016 18:43

Apple picking?

[septimus quaid] 24/11/2016 20:30

Surely this must be ripe for the picking!

[mazarin] 24/11/2016 16:59

Over the 12 years that I l've held ECK, I've often wondered why Thursday just happens to result in share price movement. It may be due to some weird timetable as adopted by larger investors, of which Kestrel has notably been one for some time. Movement that is usually followed by more the same the next day - we'll soon see, time will tell....!

[septimus quaid] 24/11/2016 13:14

This is more like it, back to the ECK of old

[greg the grinch] 23/11/2016 22:26

Steady rise from here.

[reallyrich] 23/11/2016 13:37

well I topped up again today.

gla

[septimus quaid] 23/11/2016 08:52

Re last night's RNS, hopefully better minds than mine think these are a worthwhile punt.

[livewireplus] 18/11/2016 06:29

Alarm bells over insurance contact centers and CNP

hxxp://www.eckoh.com/us/resources/blog/alarm-bells-over-insurance-contact-centers-and-cnp

[greg the grinch] 16/11/2016 22:26

Good find poacher!!!!!!!!!

That could be massive.

[livewireplus] 25/10/2016 23:12

Well it was almost a year ago then Daily Mail had an article on four firms due to benefit from countering cyber attacks:

hxxp://www.thisismoney.co.uk/money/investing/article-3317807/INVESTMENT-EXTRA-new-stars-cyber-frontline-masters-dark-arts-following-Talk-Talk-hack.html

Three of the four seem to be at a lower price than a year ago. The only one at a higher price had a restructuring and name change. Let us see if ECK share price can progress further given the recent updates and end up higher than it was at the time of the Daily Mail article.

[poacher45] 24/10/2016 15:27

This looks very very exciting:-
hxxp://www.4-traders.com/ECKOH-PLC-4004190/news/Eckoh-World-rsquo-s-first-Apple-Pay-payment-performed-via-telephone-23239153/

[broadwood] 24/10/2016 12:22

old - right.

Not much longer under the radar.

In June, secure payments and customer contact group Eckoh PLC (LON:ECK) revealed it was increasingly confident about its chances in the US this financial year - something which appears to have rung true.

Certainly, there have been glitches and growing pains associated with the expansion along the way, but the general mood from the company on US activity is positive, as underscored by news today.

Three news US deals
The company, which boasts a secure payments business and contact centre software, told investors it had secured three contracts worth over US$2.5mln in the USA over the next three years.
Two of them are based on the software as a service (SaaS) pricing model and are expected to go live by spring next year, generating recurring revenue in the new financial year, which starts in April.

The first is a two-year deal for the group's secure payments solution  with one of the largest manufacturers and suppliers of nutritional supplements in the US, while the second is a three-year deal with a Fortune 500 corporation in financial services.
The third is a three-year agreement with one of the largest US telecoms groups, where Eckoh will provides its browser-based agent desktop 'Coral' to more than 3,000 contact centre agents in a new facility opening at the end of 2016.

Momentum building
Nik Philpot, Eckoh's chief executive, said momentum in the US market was building.
"...the move to a SaaS style price model will over time build a base of recurring revenue in the US comparable to the UK operation and we would expect this to underpin the growing value of the company in future years," he said.
"Our trading performance at the end of the first half of the year has been strong and we remain confident that the revised market expectations for this financial year will be achieved."

Notably, the Fortune 500 group is a long-standing customer of Product Support Solutions (PSS), a contact centre services provider, which Eckoh acquired for U$7.6mln in November last year, and which has a number of blue chip clients on the books.
This is the first success in cross-selling Eckoh's secure payments solutions into the extensive PSS customer base, Eckoh revealed.

It comes after last month the firm issued a trading update, in which it warned profits for the year to end March would be flat and miss market expectations because of issues in the US.
To increase  recurring revenues in the US and to bring it in-line with the recurring revenue model in the group's UK business, Eckoh is moving its secure payments customers to a software as a service (SaaS) pricing model and away from upfront client payments.
This transition will require some upfront investment, which in turn will hit profit margins this year.
At the same time, a division of PSS acquired last year has incurred cost overruns of £600,000 for a complex fixed-price project that it is carrying out. That figure is set to rise to £700,000, Eckoh said. It is now accelerating closing this division.
But the group added: "The medium and longer term outlook for the company remains positive, with the transition to a recurring revenue model and decisive actionat the PSS professional services division resulting in an improvement in the certainty and the quality of its earnings."

Revenue and margin growth last financial year
US revenues in the year to March 30, 2016  shot up to £4mln from £0.2mln the year before, contributing to a 31% increase in total group revenues to £22.5mln from £17.5mln the year before.
House broker N+1 Singer had forecast revenues of £21.7mln.

Meanwhile, in the home market, 79% of revenues are of the recurring variety, up from 76% the previous year.
Adjusted underlying earnings (EBITDA) surged 20% to £5.4mln from £4.5mln the previous year.
Profit before tax was £2.47mln, compared to a loss the previous year of £872,000, when transactions relating to acquisitions put a £1.47mln dent in profits.
The year saw nine contracts won in US Secure Payments operation, and 13 new UK contracts secured including Thames Water, the Co-operative Group, Ecotricity and a global on-line retailer.
Eckoh shares nudged 0.69% higher to stand at 36.25p.

[oldvic] 24/10/2016 09:38

shouldnt that document that says

This announcement contains inside information.
say
this announcement contains information inside !