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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Elcom Itl | LSE:ELC | London | Ordinary Share | COM SHS USD0.01 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.00 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 2.00 | GBX |
Elcom Itl (ELC) Share Charts1 Year Elcom Itl Chart |
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1 Month Elcom Itl Chart |
Intraday Elcom Itl Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/3/2006 | 12:44 | Elcom International - A speculative punt | 28 |
| 04/2/2005 | 20:45 | Should We Wait Until After The Election?? | 6 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 04/7/2005 21:48 by mdchand does anyone know the recent outcome of the agm - did they vote for additional shares to be issued, or indeed, whether the agm did take place on the 29th June? Price seems strong, so suspect a positive outcome, but does anyone know? |
Posted at 24/6/2005 10:23 by vatking Astrol Capital Markets has bought a chunk of these shares at a discount and are touting them round their clients. That is how I got in.I don't think Elcom should have too much problem about another placing to raise another couple of £million, but the pricing is the question. That is why they need specialist brokers to push the stock to keep the price up. Agreed that if they don't get financing, they are down the pan, but be reassured because Richard Crowell put up his own money just recently. At least we will know in two or three weeks. |
Posted at 15/6/2005 14:31 by regandjess mdchand.....Yes i agree,I already have some of these and wanted to buy some more, I've just been on to Barclays again and it still says "stock withdrawn from trading". Yet the price still creeps up. Think somebody is taking the pi##. |
Posted at 12/4/2005 14:21 by mdchand lol hands up who bought these at 2.5p a few days ago? very speculative punt this - as the price goes to nil without funding in place. wonder what will happen - good luck to all. |
Posted at 09/4/2005 23:31 by elvis22 YEAH BUT THERE'S A MASSIVE SPREAD WHICH DOESNT MAKE IT TOO ENTICING AND ALSO ITS A VERY LOW TRADED SHARE - THIS MOVE ON THE BACK OF 1 TRANSACTION. GREAT. |
Posted at 15/2/2005 13:34 by jeffian 11 January 2005ELCOM INTERNATIONAL, INC., IN COLLABORATION WITH PA CONSULTING GROUP, HAS BEEN NAMED AS HAVING PREFERRED BIDDER STATUS FOR THE OFFICE OF GOVERNMENT COMMERCE'S (U.K.) eMARKETPLACE SYSTEM NORWOOD, MA, January 11, 2005 - Elcom International, Inc. (OTCBB: ELCO and AIM: ELC and ELCS), today announced that the Company is one of the sub-contractors to PA Consulting Group (PA), which the Office of Government Commerce ('OGC') has named as the Preferred Bidder for the creation and deployment of the OGC's Zanzibar eMarketplace for U.K. public sector organizations. PA is the envisaged primary contractor with Preferred Bidder status with Elcom providing the eProcurement and eMarketplace components of the Zanzibar eMarketplace system. Preferred Bidder status means that OGC will negotiate exclusively with PA in respect to a framework agreement targeted to be in place by the end of February. However, Preferred Bidder status is at all times contingent on the successful negotiation of the terms of the framework agreement and the status can be withdrawn by OGC at its absolute discretion. Accordingly there can be no assurance that these negotiations will be successful and a framework agreement consummated. Assuming negotiations are concluded satisfactorily with the OGC, Elcom expects to execute a back-to-back contract with PA for the OGC Zanzibar system directly after the framework agreement is signed. Zanzibar will provide a 'Procure to Pay' Marketplace, including an eHub (data warehouse, single point of access to the government marketplace for buyers and suppliers), hosted common and individual catalogues and punch out to catalogues as well as non-catalogue transactions. Zanzibar will be an OGCbuying.solutions Framework Agreement and run as a Managed Service on behalf of Government Departments and Agencies, which are expected to join as individual agencies. About the Office of Government Commerce OGCbuying.solutions is an Executive Agency of the U.K. Government's Office of Government Commerce, which is part of the Treasury ministry. Its role is to deliver value for money gains for central civil government and the wider public sector through our dedicated, professional procurement service. The Agency provides its customers with a full range of products and services designed to encourage effective procurement, achieve measurable cost savings and improve the efficiency of the purchasing function throughout the public sector. Additional Information can be found at |
Posted at 15/2/2005 13:33 by jeffian Background information on ElcomElcom is a leading provider of Internet and web-based remotely-hosted, integrated eProcurement and eMarketplace solutions and services ('ePurchasing'). The Company's PECOSTM ePurchasing solution combines robust integrated eProcurement and eMarketplace capabilities and is remotely-hosted by Elcom providing rapid deployment and single point responsibility for clients. Management believes the combination of eProcurement and eMarketplace functionality capabilities in a single code base gives the Company a low-cost offering which, importantly, can be offered to potential clients from either functional viewpoint. The Company has ten active licences with customers in the UK and US and, in total, over 100 organisations are using or accessing Elcom's ePurchasing system under these licences. Elcom was founded in 1992 and floated on NASDAQ in 1995; its common shares now trade on the OTC Bulletin Board in the US (OTCBB: ELCO). Elcom has a management team in place with eleven years of experience in eBusiness technologies and operates in the US and UK, with the majority of current revenues and projected future growth generated from UK clients. Although Elcom's ePurchasing system is generic and can be used in any industry, the Company has a growing presence in the utilities and public sector marketplaces. Market opportunity The Directors believe the Company's ePurchasing solution, combined with its own ASP model, allows it to position its system as a low financial risk integrated (eProcurement and eMarketplace) solution. Importantly, the Company's unique system design includes invoice and receiving functionality allowing it to operate as a stand-alone system and function without immediate connection to a client's internal computer system (used to operate its business). The Directors believe that this flexibility, combined with remote-hosting, allows deployment of pilot installations in days, not weeks or months, which is a distinct competitive advantage. Clients are then able to implement connections to their back-end systems, at their convenience, typically one data feed at a time (such as accounts payable export). Importantly, this design and deployment methodology minimises any impact on the client's IT resources. The Company's system has multi-lingual and multi-currency capabilities and has been designed for global use. The Directors believe, compared to Elcom's competitors' products, that its ePurchasing system has competitive advantages. The Company intends to target: Public sector/Municipal entities (councils, agencies, etc.) in the UK Utility and other companies in the US Large organisations that utilise multiple internal computer systems Organisations (including universities, banks and other businesses) without major ERP systems in place The Directors believe that Elcom is well positioned to take advantage of an emerging market opportunity for ePurchasing solutions as demand is anticipated to expand, especially in UK public sector organisations ('PSOs'). The Directors believe there will be a variety of opportunities with its current channel partners in the UK and US and further, after the Placing, intends to approach potential new channel partners in the UK and US to address various vertical markets. The marketplace for ePurchasing systems is relatively new and the Directors believe the market is still nascent. According to AMR Research, a well-known research firm based in the US, the market for procurement and sourcing (sell-side and buy-side) will grow from $1.7 billion in 2002 to $2.8 billion in 2007. In addition, the Aberdeen Group, another US-based research firm, expects more than 80% of companies to be using some form of eProcurement system in the next few years. Due to the Company's position as having its ePurchasing system selected by the Scottish Executive with approximately 13 municipalities operational or signed on to date and activity increasing, the Directors believe the Company is favourably placed to provide ePurchasing solutions to the councils, agencies and other PSOs in England. The Company signed its first agreement with Stockport City Council in December 2003 which represented, to the best of the knowledge and belief of the Directors, the first standalone ePurchasing system installed by an English council. Under a mandate promulgated by the Office of the Deputy Prime Minister ('ODPM'), all municipalities are expected to have an eCommerce initiative to e-enable one or more priority areas, such as procurement, by the end of December 2005. The Directors estimate there are over two hundred municipalities which are potential clients for the Company's ePurchasing solutions in England. The Directors believe that a significant opportunity will emerge in the commercial sector for the Company's solution. Strategy The Company has positioned itself as a relatively low-cost ePurchasing solutions and services provider; however, Elcom can price its solution opportunistically. With virtually no marketing and limited visibility, the Directors believe the Company is developing a growing presence, especially in the utility and PSO areas. The Company intends to expand its business primarily through channel partners. The Company anticipates that through its relationships with its UK channel partners including Cap Gemini Ernst & Young UK Plc, which is the primary contractor for the Scottish Executive's eProcurement Scotland programme and to whom the Company is sub-contractor, and Capita Group Plc, Elcom's other UK channel partner targeting the English public sector, the Company will have a substantial opportunity to achieve a significant share of the PSO market over the next few years. The Company believes that the strengthening of its balance sheet to be achieved by the Placing and the anticipated removal, post Placing, of the statement of uncertainty as to 'going concern' contained in its audited consolidated financial statements by its US auditors, will enhance its credibility with customers and channel partners in both the UK and US and thus its future marketing efforts. Competition The market for ePurchasing solutions is relatively new and evolving rapidly. The Company expects competition in this market to intensify in the future. Among other factors, before licensing an eBusiness system, the Company believes potential clients consider the cost of the system compared to the level of features and functions available in eCommerce applications and the cost to acquire, implement and maintain the system, as well as the length of time to implement a system and, as applicable, implement connections with a company's existing computer system. The Company competes with vendors of pre-packaged eCommerce software, vendors of software tools for developing eCommerce applications and systems integrators. The Company's competitors include Ariba, eScout and Epylon. The Company anticipates future competition from other emerging and established companies, including Oracle, SAP and PeopleSoft, all of which have announced products or alliances to offer eProcurement functionality as part of their overall ERP solution. The Company does not typically pursue tenders from companies with these types of large (single) ERP systems in place. The Company's potential competitors also include systems integrators such as Electronic Data Systems and a number of solution vendors. Directors and senior management Brief details of the Directors and certain members of the senior management of the Group are set out below. Robert Crowell - Chairman and Chief Executive Officer, aged 52 Robert Crowell, the Company's founder, has been the Chairman of the Board and Chief Executive Officer of the Company since its inception in 1992. John Halnen - President and Chief Operating Officer, aged 37 John Halnen has been the President of the Company since November 2000 and President and Chief Operating Officer since June 2001. Melinda Ellett - Corporate Secretary and Treasurer, aged 42 Melinda Ellett has been the Secretary of the Company since April 2003, Treasurer from January 2004, and the Vice President, Business Systems Development since January 2000. Andres Escallon - Chief Technology Officer, aged 48 Andres Escallon has been the Company's Chief Technology Officer since October 1992. Kathryn Monaco - Director of Finance, aged 53 Kathryn Monaco joined the Company in 1997 and has been the Director of Finance since November 2003. Laurence Mulhern - Financial Consultant, aged 49 Laurence Mulhern is a financial consultant to the Company. Mr. Mulhern was previously the Company's Chief Financial Officer, Treasurer, Secretary and a Corporate Executive Vice President, from July 1993 until March 2000, when he semi-retired. Richard Harries - Non-executive Director, aged 66 Richard Harries has been a Director since December 1993 having previously worked at IBM. John Ortiz - Non-executive Director, aged 80 John Ortiz has been a Director since December 1993 having previously worked at South Shore Bank, (now Fleet Boston). William Smith - Non-executive Director, aged 53 William Smith has been a Director and Vice Chairman of the Company since March 1993 having previously worked with Mr Crowell at JWP INC. The Placing The Company has raised approximately £1.7 million (net of expenses) through the Placing. The net proceeds of the Placing will be used to meet the future working capital requirements of the group. The Placing Shares will rank pari passu in all respects with the Common Shares then in issue and will rank in full for all dividends and other distributions thereafter declared, paid or made on the ordinary share capital of the Company. The restrictions regarding sales of the Placing Shares described in the section below should however be noted. US transfer restrictions The Placing Shares, representing approximately 48.6% of the Company's enlarged outstanding share capital, are being issued under Regulation S of the United States Securities Act of 1933 ('the US Securities Act'), have not been otherwise registered and are, therefore, 'restricted shares' as defined in Rule 144 promulgated under the US Securities Act. Unless otherwise registered with the Securities and Exchange Commission of the United States, the Placing Shares may not be offered, sold or delivered in the United Sates or to, or for the accounts or benefit of, any United States person, except in certain transactions specified in Regulation S. Further details of the transfer restrictions are set out in the Admission Document. Placing Statistics Number of outstanding Common Shares 31,451,837 Number of Placing Shares 29,777,573 Number of Common Shares outstanding following the Placing 61,229,410 Placing Price 6.8p Market capitalisation of the Company at the Placing Price £4.2m Gross proceeds of the Placing £2.0m Proceeds of the Placing receivable by the Company (net of estimated expenses) £1.7m Percentage of enlarged outstanding share capital subject to the Placing 48.6% 16 April 2004 This information is provided by RNS The company news service from the London Stock Exchange |
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 |
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