Eleco Public Share Discussion Threads

[felix99] 15/9/2014 12:21

ELCO is AIM - you have longer to publish results than full LSE companies which is I think what you are getting confused with ANSC

[ansc] 15/9/2014 11:59

'We anticipate H1 results in October' [taken from Hardman's Sept write-up]

Somewhat surprised that Hardman doesn't appear to know that companies are statutorily required to report Interim figures within three months of their half-year end - for Eleco, at the latest this will be the end of September - or their share-price can be suspended.

Looking forward to their statement especially in relation to how their financial health stands following the recent fund-raising. Ever the optimist, I'm as bullish as ever!

[ansc] 10/9/2014 13:54

On the road:

Eleco PLC Asta Powerproject BIM-Site Progress Mbile Roadshow

[rathkum] 05/9/2014 16:24

"Asta Powerproject, the global standard for construction project scheduling" WOW


Asta Showcases the Future of Project Scheduling at Highway Builders' Conference
Press Release - RANCHO PALOS VERDES, Calif.
Sep 3, 2014 - updated: Sep 4, 2014

Highway and road construction executives attending the American Road & Transportation Builders Association's (ARTBA) National Convention will have the opportunity to try Asta Powerproject and see how it can give their firms a competitive advantage.

Highway and road construction executives attending the American Road & Transportation Builders Association’s (ARTBA) National Convention will see the future of project scheduling with hands-on Asta Powerproject demonstrations.

The event, held September 7-9 in Rancho Palos Verdes, will bring together business owners and leaders in the road construction industry to discuss best practices, market conditions and trends, and recently passed legislation. It will also be chance for attendees to focus on ways to remain competitive in an ever-changing business.

Asta Powerproject, the global standard for construction project scheduling, has become a competitive advantage for a diverse set of construction segments including general commercial builders, public works project managers, large electrical subcontractors, as well as road and highway builders.

The robust software helps road construction firms plan and schedule complex projects, manage resources, ensure projects stay on time, conduct what-if scenarios, and mitigate risk.

Those Asta Powerproject users have found the tool to be an easier, more user-friendly way of scheduling all their construction jobs. Drag-and-drop schedule building, easy importing of other file types, quick progress report building, and customizable job templates make scheduling significantly faster and more accessible for all schedulers of all sophistication levels. Flexible licensing options, including shared licenses for part-time and occasional schedulers, also save firms more than 40% over the cost of Primavera P6.

Curt Corrigan, owner of Asta reseller Project Integration in Colorado, says many of his clients prefer Asta Powerproject for it’s shorter learning curve.

“Asta Powerproject allows even part-time and occasional schedulers to build sophisticated models right out of the box,” said Corrigan. “We’re also seeing more and more field personnel using it to update schedules than ever before which is key when you’re on a jobsite and can’t be at your desk.”

Asta Powerproject, which now has more than 80,000 users worldwide, is a relative newcomer to the United States market. It launched in North America in late 2012 and has experienced rapid adoption by construction firms. More than 100 U.S. firms have already made the switch to Asta Powerproject.

“We’re looking forward to introducing Asta Powerproject to road construction executives at this conference,” said Michael Romero, Asta’s North American Country Manager. “They are the people building and repairing America’s infrastructure day after day and they are the ones we built Asta Powerproject to serve.”

[rathkum] 03/9/2014 13:42

From Hardman's September monthly

On 19th August ELECO announced an addition to its July new share
subscription at 20.75p per share. A further 1m have been issued to a
private investor.

There has been little news in the past month, but ELECO is in the
middle of a very exciting and positive re-invigorated growth period.
The 2013 initial rise in the share price when this became clear was substantial and has now consolidated.On 17th July ELECO announced a successful subscription at 20.75p per share,issuing 10.18m new shares. There are now £74.9m shares in issue. Following share issues this summer, the 9% shareholding of Herbert A
llen and associates has risen to 15.5%. Mr Allen is a well known US technology investor. We anticipate H1 results in October. On this basis, it is relevant to remind that the Board stated on 30th June: “the trading of our continuing
operations was in line with the Board's expectations and turnover and
operating profit of our continuing operations are expected to be
ahead of that for the equivalent period last year.
”
There have been significant recent developments at ELECO, which we
see as a series of positive advances. A new CEO was appointed and a
CFO appointment is anticipated. ELECO plc is now a wholly focused
international specialist software group serving the construction
industry. We anticipate 2014 being about producing a clear roadmap
for growth is the well established but now re-emphasised and
refocused technology operations, shorn of the cash outflow issues of
the non technology businesses all sold and terminated in 2013. These
are all profitable, but their historic growth rates we would see as a
base level to be built on. There is much more they could achieve

[lgw500] 01/9/2014 18:18

Another botched RNS announcement. A bit amateurish.

[lgw500] 29/8/2014 12:20

Anyone want to be the FD. I would volunteer for a low basic salary and a good LTIP.

[lgw500] 20/8/2014 20:19

I don't think you have to worry about the share price. My instinct is that there will be plenty of opportunity to buy stock under 20p. There does seem to be a quiet seller who is not yet done....

[ansc] 20/8/2014 14:05

I wonder who the 'private investor' is who's subscribing for that extra 1.0 mil shares? My guess would be Mr H Allen (and family). Maybe a RNS will reveal.

Whoever it is, they appear to have stirred the share price from its slumbers. A bit of a shame because I was hoping to have added a few more to my ISA (at around the subscription price of 20.75p) but having to wait whilst my ISA transfer request has been completed - moving away from TD Direct following a disagreement.

[lgw500] 20/8/2014 13:55

I am not sure I am happy about more equity being issued. How much more will existing shareholders be diluted?

[ansc] 19/8/2014 12:07

Way over my computing comprehension ability but it certainly looks an exciting development and appears to have numerous sales outlet possibilities/prospects. Thanks rathkum, another great find.

[rathkum] 19/8/2014 08:49

ELECO's interactive 3D browser technology is now even more powerful. o2c Cloud allows website visitors to view and interact with 3D CAD files without having to download plugins or special software.

[lgw500] 15/8/2014 15:30

It would be good if all of the directors had put their hands in their pockets to purchase some subscription shares. Where is the appointment of an FD? What have the candidates seen that puts them off taking the job?

[mrpotatohead] 13/8/2014 17:48

yep, this looks like value

[ansc] 13/8/2014 09:43

Wow, I like the cut of Mr Allen's jib; he and his family have virtually doubled their holding (presumably in the recent 'Subscription' issue) from 5.765m to 11.513m shares and now control 15.6% of the company. Needless to say the market has ignored this piece of comforting news for shareholders.

Canny investor is Mr Herbert Allen jnr, well worth reading up his 'history'.

[ansc] 11/8/2014 19:57

Just returned from my visit to Aussie land so a bit of catching-up to do. Another favourable write-up for AstaPowerproject:



Who is this Mr. G Oury (and his wife) who has just acquired a significant shareholding?

[mrpotatohead] 05/8/2014 04:25

I would imagine that the clean up operation has meant that the balance sheet has been cleaned up and is prudently stated.

[rathkum] 30/7/2014 22:21

A good story always comes through eventually. The interim result may provide a catalyst.

[lgw500] 30/7/2014 13:58

This is an interesting story but it is not being told! How about a change in broker and PR to a combination of firms which could produce a research notr? Maybe one of us should volunteer to write the first note.....

[mrpotatohead] 29/7/2014 14:16

This looks interesting! I'm in.

[lgw500] 18/7/2014 16:32

Slightly embarrasing amended announcement in respect of the subscription. Eleco does seem to require an FD!

[ansc] 15/7/2014 14:43

Since my earlier post, I've just had a quick chat to the guy at Henderson Global who initiated their RNS yesterday. They are indeed governed by the 5% reporting level so Eleco's fund-raising last week would have automatically dropped their holding below this but, in addition, they did actually dispose of 'a few' - didn't disclose how many! So the 2 x 701,263 sales reported yesterday remains a mystery.

[ansc] 15/7/2014 09:19

Hi rathkum. I calculated that if Lowland/Henderson's holding had remained the same (i.e. 3.153m) then their percentage holding would have been reduced to 4.27% which is still a reportable holding; hence my deduction that they had sold a few and wondered whether that accounted for the 2 x 701,263 sales quietly reported yesterday morning. I'm wondering, however, being an Investment Trust is their 'significant level' 5% and not 3% as I surmised?

As regards Eleco being a worthwhile investment now and about to deliver, you know my feelings on that one as they were again one of my two 'gambles' for this year. Following last week's fund-raising, my holding has now dropped below 1% but, once I get back from Aussie-land - attending my daughter's forthcoming wedding! - I'll be giving serious thought as to whether to add even more.

[rathkum] 14/7/2014 22:45

ansc - Rights & Issues Investment have increased their holding from 3,075,000 to 4,520,781,that of Lowland Inv./Henderson Global Inv. has remained the same but decreased in % terms as a result of recent fundraising.

Despite my apprehension of investing in minnows with some mixed outcome over the years, I guess one of the most important lessons it has taught me is that the primary force behind good investment performance is recognizing important changes before or just as they are starting to happen in a company and when something significant is happening. That's when you put a lot of money behind it. Let's hope Eleco is one to deliver.