Eleco Public Share Discussion Threads

[ansc] 20/5/2015 17:31

The closing 'indicative' prices - 24.5/27.0p - were far from being indicative; in reality, to trade (just 10k shares) they were 25.75/28.0p.

I wonder if yesterday's Asta' exhibition was well attended -

[Asta Developments Ltd ("Asta")

Asta's International Partners Meeting 2015

5D BIM Launch

The Board of Eleco is pleased to announce that its subsidiary Asta, the award winning provider of integrated construction software to the UK construction market, will be holding its Annual International Partner meeting today, at which it will be launching three significant product updates. These launches are in line with ELECO's strategy of accelerating the integration of its market leading software portfolio and will enhance opportunities for the ELECO software re-seller community to cross-sell ELECO's in its home markets in the UK, Sweden and Germany.

The software launches to be announced by Asta today will constitute the latest version of ELECO's 5D BIM suite and will bring together (i) the latest release of ELECO's estimating software, Bidcon BIM, which was developed by ELECO's Swedish subsidiary, Consultec, and (ii) the latest release of Asta's planning and scheduling software, Asta Powerproject BIM, for the first time.

Thus the above software releases will enable ELECO to offer a combined 5D BIM solution to its customer base, initially in the UK and, in addition, the BIM version of Asta Powerproject will for the first time also be available for sale internationally through ELECO's expanding reseller network.

As part of the product release, in response to customers' requests and in line with the ELECO's objective of providing customers with device choice, Site Progress Mobile software will also be available through a browser interface.

Speaking at the event, Jason Ruddle, MD for ELECO's Asta product business, commented: "With these three launches we have reinforced our market position as an innovator in construction software. This gives us and our resellers a broader set of solutions to promote to customers, who in turn are seeing benefits from the integration of our portfolio."]

Let's hope so. These latest releases should certainly keep their pot boiling. All we need now is a positive chairman's statement at the AGM (8th June) and finnCap Ltd's target price of 35p could be reached earlier than even 'rose-tinted' I anticipated.

[mrpotatohead] 18/5/2015 22:32

bandits .... this stock needs more liquidity

[ansc] 15/5/2015 14:12

Just had an order - to buy 25k @ 26.25p [indicative price 26.0p] - rejected as my limit not met; the Mingy Machs want 27.0p which rules me out; I very rarely chase after shares. Yet they are only willing to pay 24.5p for 25k.

They're not prepared to trade then unless they can clear 10%. They must have sleepness nights wondering how to make ends meet!

[ansc] 13/5/2015 09:33

Woe betide any investor attempting to buy ELCO shares at the moment, your limit online is 1,000 (or £250 worth!). According to my broker, to deal 'in size' - I tried for just 10k [£2,500} for goodness sake - it's 23.5p [sell] or 26.0p [buy], a 10.6% spread.

How times have changed; two years ago I was buying 50k online [c. 8.0p] without any problem. "It's an illiquid stock" cry the Mingy Machs. What do they expect when they make it so difficult to trade ..... there is 75m ELCO shares issued when all's said and done.

[ansc] 11/5/2015 08:23

Sp up 0.75p this morning following one 6k buy; Mingy Machs playing their little games again?

[rathkum] 06/5/2015 18:47

I believe it was from the 'proactiveinvestors' newsletter I receive daily. Pretty sure.

[ansc] 05/5/2015 15:33

Each to his own, illiswilgig. In the short-term I'm sure you're right but short-termism has never been my forte so I try to look a couple of years down the line; now that Eleco have got a toe-hold in the USA (presently looking at China being a possibility as well I understand) I'm hoping that that augurs well for 2016 and beyond.

I console myself with the fact the chairman (+ family interests) owns 16.48% of the company's share cap and H A Allen [I'm sure most shareholders haven't a clue who he is!] has 15.42%. Both are older and far wiser than I am so I'm willing to toss my hat in the ring alongside theirs (even if it is only worth a tiddily 1.13% in comparison!). I've promised my wife this will be my last throw of the dice before I start to gradually withdraw funds for our forthcoming retirement travel plans so all fingers have been crossed.

[illiswilgig] 05/5/2015 14:49

ANSC - fair comments, I take your points.

Not having any great insight into the software and its markets I am simply going on the accounts for the continuing business.

An historic EPS of 0.8p puts the share on a fairly high rating of 30x even for a software business?

Good growth pencilled in for the current year - to around 1.4p eps but I see a lot of that in the share price already?

I get a lot of practice sitting on my hands, so I'll probably do just that, but I always find it easier with a dividend to console me!

cheers

[lgw500] 05/5/2015 13:56

For the moment, I remain a puzzled with the potential of ASTA. Being market leader is useless if the market size and growth potential is small/ minimal! One gets no sense whatsoever of this from the prelims. The only thing to look forward to is the AGM.

[ansc] 05/5/2015 12:19

As I wrote on 17th April, the historical figures for last year would not be that important to me and, typically, the market couldn't see further than the end of its nose this morning hence the selloff/sp markdown. The chairman's outlook statement was going to be of more interest to me:

[Outlook

Having regard to the success of the refinancing and re-banking exercise, the strengthening of our management team and the skill and flair of our software development teams and sales and marketing teams in Sweden, Germany and the UK, we were able to maintain our revenue and profitability in 2014, a year of transition. I believe that we have now laid a firm foundation for ELECO's future growth as a leading international provider of outstanding software applications for project management, 3D architectural visualisation, 3D printing, engineering, e-commerce and cloud based solutions to the construction, engineering, and architectural sectors worldwide and we look to the future with confidence.]

Knowing how much has been undertaken/achieved by the company during the past 18 months and their plans during this year, for better or worse I've still got faith and (putting my money where my mouth is) have added another 25k on this morning's weakness.

There's no fool like an old fool!

[lgw500] 05/5/2015 11:01

Change in broker is the best news. No more Cenkos has to be worth 5p in the share price. Clearly, the company must manage its currency reserves carefully. Would this share benefit from the collapse in Sterling should there be a Labour SNP coalition?

[illiswilgig] 05/5/2015 10:26

Agreed.

Don't see much short term gain myself and the medium term looks like a hard slog to me at the moment. Be good to be proven wrong but I may just sell up in the meantime,

cheers

[rathkum] 05/5/2015 08:34

Disappointment.Results well below market expectation hence the sellers are bailing out.

Much work to be done by the incoming CEO to generate revenue growth.

[ansc] 04/5/2015 09:52

Thanks rathkum, I've been waiting for an official announcement. Rather strange timing, the day following a Bank Holiday.

One thing which had slipped my mind was the balance sheet reconstruction proposal which the chairman referred to in the Interim Report (I glanced through the report last night). I wonder whether they'll try and combine the two by holding the mentioned General Meeting before/after the AGM? ..... that would save a few pence.

[rathkum] 02/5/2015 18:43

Eleco (LON:ELCO) is set to release its first set of results since reclassifying as a software company on Tuesday following a substantial restructuring. The company is a provider of software for the architectural, engineering and construction industries and specialising in project management, visualisation, estimation, BIM and CAD/design. In H1, it reported revenue +4% to £8.6m in spite of a £0.5m negative FX impact. £2.9m was raised during the period to reduce debt that was expected to be £2.2m in October

[rathkum] 30/4/2015 13:41

Asta’s new mobile app makes real-time, on-site project updates a snap

[rathkum] 29/4/2015 11:35

Hi ansc

They are spread all over the place ie. Sweden, Germany hence delays in audits etc.I guess.

As for PORW, I sold half my holding soon after the results at 53p as I thought it became fully valued but of course it has risen to new highs since then. With the famous 'sell in May mantra' round the corner, I have lightened my holdings in Low & Bonar, Volex after a spike last week and Man Group. Added my holding in HOC in spite of bearish sentiment in gold/silver. Waiting for TT Electronics and Anite to weaken in anticipation for a market correction later in the summer

However all is not rosy. Been savaged by a couple of Canadian oil juniors though one of them had positive news for shareholders last night.

Let's hope Eleco delivers an very positive outlook statement going into 2016

[rathkum] 28/4/2015 08:03

ansc

I had planned to go as I had applied for the tickets way back in October. However a invitation to play golf with some old buddies was too tempting an offer to turn down.

I was there at the Shares event in February at the same venue in February so I was prepared to give it a miss. Also I didn't think they would give much away so close to the results apart from picking up a few brochures

[ansc] 17/4/2015 14:01

Having tried unsuccessfully to buy 25k both yesterday and early this morning - offered a measly 2.5k @ 25p instead - I am somewhat bemused to find that someone has managed to get 40k today at that same price. Have now decided, therefore, to view the results announcement before doing anything.

As for the announcement when it's made, the historical figures will be of little interest as the company was going through a transitional period last year. Of most importance to me will be the chairman's forward-looking statement. I'm hoping that it's going to be 'promising'!

[abergele] 15/4/2015 16:08

Chart is looking good still.and if a progressive results is given
.we could break out even further.
Plus perhaps a rerating.new build programs are being pushed through these days