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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Elcom Itl | ELC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2.00 | 2.00 |
| Top Posts |
|---|
Posted at 15/2/2005 13:32 by jeffian As a 'value' investor, this is not my usual sort of thing, but it seems to be flying below everyone's radar and is, I think, worth a thread of its own.Elcom International is an American company which provides the platform for web-based e-procurement and marketplace services. I won't clog up this header post with an extended description of what they do and background information, but will post this below on post #1 which can be accessed again by clicking on this link: In the UK, it has aimed itself firmly at the Local Authority market. Traditionally, local authorities and Govt departments have had to go out to tender for large scale contracts, supplies of materials etc. which is both complicated and time-consuming for both purchaser and supplier. The Govt are looking to set up an 'e-procurement' marketplace whereby goods and services bought through this web-based service are accepted as the 'best deal' and comply with tendering requirements. In other words, instead of a paper trail round many suppliers to get the best price, Local Authorities will be allowed to buy directly via the website knowing they are getting the best price. Elcom do not themselves front the operation. They hitch themselves to established PFI players such as Capita and CapGemini (Ernst & Young) with a proven track record. With CapGemini, they have already won the e-procurement contract from the Scottish Executive for the Scottish local authorities. The really good news is that, with Capita, they are also the 'preferred bidder' for the Zanzibar e-procurement system which is planned to be the purchasing medium for all the English local authorities. Details of that follow in post #2 which can be accessed at: All right, so it's tiny (£5.5m market cap), with illiquid shares and currently makes losses, but with a decision on Zanzibar expected by end Feb and the system planned to be up and running during 2005, it's worth a speculative punt IMHO. I hold. Finally, you may note that the shares appear under two 'tickers' - ELC and ELCS. These are identical for UK investors, with the same voting rights, divis etc. When ELC - an American company - raised fresh capital via a Placing on the UK AIM market recently, the new Placing shares (the 'S' shares) have restrictions placed on them for American investors. I assume that at some stage in the future they will be merged back into a single entity. Have a look and see what you think. Regards, Ian |
Posted at 30/5/2001 18:10 by 333+333 = HiyaI have noted that the market is not worth moving into for the small investor a few weeks before the General Election and a few days after. I am thinking of buying a few shares a few days after the GE. Does anyone else agree with me? |
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