Eleco Public Share Discussion Threads

[aishah] 17/10/2016 15:37

"Referring recently to ICON Orbit, ICON's browser based BIM model viewer, Jim Awe, Chief Software Architect at Autodesk Inc. was quoted as saying:

"For far too long, developers have been forced to sync associated data back into the original 3D model where it doesn't really belong. What ICON has done is an awesome demonstration of the principle of Internet-enabled design data. The data can reside and be managed in the appropriate place, but is still visible and accessible in the context of the model."

Our ground-breaking Revit® Integration Solution, ICONBIM, consists of two main items of functionality:

There is a web-based Family Library, complimented by a Specification Importer that can be used to pull data from the Internet, directly into a Revit Project.

[ansc] 17/10/2016 13:18

Based on the 2015 figures given in this morning's statement, ICON appears to have an impressive profit margin of 28.5%; if some of their know-how can rub off onto ELCO's seemingly meagre 6.85% (for the last half year), fasten your seat belts!

[aishah] 17/10/2016 09:25

finnCap reiterate 35p target

[aishah] 17/10/2016 09:09

I like this acquisition in the SaaS space. Here's TechMarket View:

AIM-listed construction software specialist Elecosoft is strengthening its proposition with the acquisition of SME Integrated Computing & Office Networking Ltd, or ICON, for a total consideration of £2.4m.

ICON provides SaaS-based building information and related data management and storage systems to the UK retail sector. It’s only small – employing 16 staff and turning over just £0.7m in the year to end October 2015 with a PBT of £0.2m – but it has an impressive blue chip customer base including ASDA, Boots, the Central England Co-operative, John Lewis, Morrisons, Sainsbury's and Waitrose.

The acquisition, which is being financed by a fixed term loan of £1.8m, looks to be a good fit for Elecosoft, which specialises in visualisation, estimation and project management software. Elecosoft will be hoping to leverage the expertise of ICON’s SaaS developers in the development of its own products and to cross sell software to their respective customers, enhancing recurring revenue. However, the success of the acquisition will depend on keeping key ICON personnel, so we’re pleased to see that Chris Lovelock, a founder of ICON, will remain a director of the company. In summary, this is a positive step for Elecosoft, which appears to be on a much more even keel following its refinancing in 2014 and 2015’s balance sheet reconstruction (see Elecosoft building on stronger foundations).

[ansc] 17/10/2016 08:15

Expansion continues, new shares being issued at 27.0p:

[ansc] 13/10/2016 17:19

There was obviously a reason why the Mingy Machs have been absorbing so many sales (c.26p) recently without dropping the price, that 100k buy earlier today explains it all.

[ansc] 11/10/2016 14:49

An interesting summary - 'The Digital Age of Construction' [as always, read the full article]:

[ansc] 06/10/2016 10:46

If you've got it, flaunt it:


Elecosoft to showcase the full breadth of its digital construction solutions at Autumn construction shows

Elecosoft will showcase its digital construction software portfolio at the Build Show and the Digital Construction Week Show this month. Elecosoft will appear on stand B3/637 at Build (18-20th October) at the NEC, Birmingham, and on stand M4 at the Digital Construction (26-27th October) at the Business Design Centre, London. Visitors to both of these events will be able to explore Elecosoft products such as Asta Powerproject®, Bidcon®, Staircon®, Matrix, Arcon Evo® and Framing, which are helping design and construction professionals in a range of disciplines work effectively as the sector moves steadily towards 4D and 5D BIM and a digital construction future. Elecosoft is also currently having a successful time at W16 at the NEC, Birmingham where it is showing Staircon® and Matrix.

Elecosoft products help professional AEC users with challenges ranging from interiors visualisation through architectural design and staircase engineering, to project and site management, cost estimation, and more. Its flagship suite of Asta Powerproject® products is used by more than 90% of UK construction contractors and is constantly evolving. Visitors can take advantage of the show presence to:

View the latest Asta Powerproject® BIM module in action for 4D planning:
* Learn how our estimating tool, Bidcon® integrates seamlessly to enable cost estimators and quantity surveyors to collaborate on BIM projects for 5D planning ~
* See how site managers can easily deliver progress updates from the field with Site Progress Mobile – available for iOS, Windows and Android ~
* Discover specialised software solutions from the Elecosoft portfolio, such as Staircon® for cost-effective stair design and manufacturing and Framing for the design and manufacturing of modular timber frame and floor cassettes

Jason Ruddle, COO of Elecosoft plc commented: “Industry shows like the Build Show and the Digital Construction Show give us a great chance to show how our solutions are evolving and continue to track with the industry and our client needs. We know our customers are continually looking to unlock the benefits of digital construction, and that a broad range of different professional users are involved in creating successful construction projects in a digital age. At these shows we can tap into what industry decision-makers are thinking, planning and investigating right now to ensure we continue to meet their needs.”

[ansc] 03/10/2016 19:49

Another admirer of Asta Powerproject proffering business justification:

Why InCo Projects chose Asta Powerproject BIM

InCo Projects is a modern and progressive company that provides contracting and consultancy services for the construction and management of building projects. Jonathon Stanton, 4D Planner at InCo Projects describes what he likes about Asta Powerproject BIM:

“We chose to use Asta Powerproject BIM because of its instantaneous progress update abilities. Changes to programme dates are immediately reflected in models. Combined with the ease of use of the Asta Powerproject gantt interface it is much simpler and saves time rather than working between multiple software.

What I like most about Asta Powerproject BIM is it’s simple and clear traffic light approach to showing delay. It becomes much easier to visually show a project team the impact of delays.

Using Asta Powerproject BIM will help me with my work by allowing me to more clearly demonstrate to a project team/client the current status of a project and where issues lie, through use of the linked 3D model.

I really like how it allows you to demonstrate changes live in a meeting situation providing great benefit to the project teams visualisation of the construction sequence.

Further, working side by side with our modelling team we will be able to set up naming conventions to best use the ‘Product Search’ feature which allows you to immediately link having set up naming conventions already, and save valuable time when linking models based on the library we build up.”

[aishah] 03/10/2016 13:35

Techinvest said the following post their meeting with the Co last month:
"Elecosoft is now well financed and has assembled a significant portfolio of market leading and award winning construction software applications. The outlook for H2 points to further progress. Broker finnCap believes the shares are undervalued on an anticipated EV/EBITDA multiple of under 10 times for 2016. We agree. Strong Hold"

[dice1950] 23/9/2016 13:31

AIM’s rejuvenated growth stories
Posted 23/09/16
Hats off to management for a terrific turnaround!

[ansc] 23/9/2016 08:39

Following the release of the Interim statement on Wednesday, ELCO's brokers (finnCap) have reiterated their full-year forecast of 1.3p eps and maintained their target price of 35p.

[aishah] 22/9/2016 14:30

Well, those who bought 6/7 weeks ago around 20p aren't complaining :-)

[ansc] 22/9/2016 14:16

Those who were selling just recently (@ c.24p) must be kicking themselves as this morning you could get 26.6p for 25k, roughly 11% more. And those who sold six/seven weeks ago (@ sub 20p) must be feeling absolutely gutted! No online price available to buy just 5k tho'. That tells a tale.

[ansc] 22/9/2016 08:38

As is (supposedly) usual with ELCO, shares are in short supply which allows the Mingy Machs to hoist the price on minimal volume ..... such as this morning's hike. And yet, six weeks ago you could trade 25k with no trouble at all simply because there were sellers and buyers given a reasonable (i.e. 5%) spread. Therein lies the solution, a 5% spread = trade-able, 10%+ no chance.

[ansc] 21/9/2016 13:24

Another snippet from this morning's statement:

Outlook

Elecosoft is now well financed and has been able to assemble a significant portfolio of market leading and award winning construction software applications for 5D BIM, project management, estimation, 3D architectural design and timber engineering construction, as well as a number of outstanding digital visualisation, internet and augmented reality software applications aimed at the interior marketing arena. As we move forward we will continue to invest in new technologies, to grow our customer reach, and to strengthen our position as an international provider of innovative market leading software applications in our chosen fields.

The majority of our software solutions are based on Microsoft technology and are created by our software development teams in the UK, Sweden and Germany, whose development strategies evolve essentially from the regular detailed reports which they receive from our sales, training and support colleagues who are close to their customers in the markets we serve.

Despite the uncertainties caused by the UK Referendum in June, the second half of the year has started well. However we will continue to monitor markets for any untoward developments which could impact the progress of our businesses, while striving to provide innovative market leading software solutions, high quality maintenance and dedicated training to both our new and existing customers.

[aishah] 21/9/2016 09:30

Nice results - in a strong position to meet mkt expectations. Revs +10%,pbt +14%, eps 0.6p and a divi to boot!

[ansc] 21/9/2016 09:19

Interim results announced:

A snippet from the statement -

Business Overview

We continue to strengthen our position as an international software Group and have made considerable progress in re-branding the Group "Elecosoft". This has been very well received by both our customers and the market generally. More importantly, the re-brand has had a particularly beneficial effect on our business and image in Scandinavia, so much so that I understand that Elecosoft is now acknowledged to be the leading construction software provider in the Swedish market.

Elecosoft UK has produced a strong performance in the period under review with Powerproject(R) software being used on landmark projects including the new football stadium for Tottenham Hotspur in north London, the BBC Television Centre and the redevelopment of Chelsea Barracks.

We continue to seek opportunities to expand our market penetration in new territories, and during the period under review we acquired a Powerproject(R) reseller in the Netherlands, thus further strengthening our position in Benelux. We also appointed a new reseller to support sales of both Bidcon(R) and Powerproject(R) in Australia and New Zealand.

In the US we hosted our inaugural US user conference in the period, which attracted 89 paying delegates. A second user conference was held in Philadelphia earlier this month. Such initiatives resulted in us receiving our first significant order for Powerproject(R) from a top 100 US main contractor.

During the period, ESIGN, our interior visualisation and marketing operation, signed significant orders for its products and services from the largest US carpet tile manufacturer, the largest home improvement retailer in Germany and the largest laminate manufacturer in China and, I am given to understand, in the world. I also am very pleased to say that ESIGN has received approval from Apple of its new augmented reality mobile application, which has been very well received in the market.

[ansc] 13/9/2016 17:24

New joint Bidcon feature released in Sweden:

[ansc] 10/9/2016 11:51

Liverpool John Moores University builds new standards in construction management education by using Asta Powerproject

Looking ahead, possible future users:

[ansc] 08/9/2016 17:21

Has it ever been any different with Mingy Machs? Intriguingly, they upped the mid-price when there had only been a sale (of 6k) during the morning, the two buys occurred a couple of hours later. I wonder where they got their crystal ball!?

[aishah] 30/8/2016 16:05

We're above 20,50,200 SMAs now. Could get interest here imo.

[rathkum] 27/8/2016 08:26

Asta Powerproject Users Convene in Philadelphia Next Month

Posted by admin on August 26, 2016

26 Aug, 2016 – U.S. construction project managers and schedulers will connect in Philadelphia next month for the twice-annual Asta Powerproject user conference.

The September 15-16 event at the Hub-CityView convention center in downtown Philadelphia extends an important tradition that was started more than a decade ago in the U.K. and continues around the world where Asta Powerproject has a major market share.

Next month’s conference will feature tips to get more from the scheduling software and provide practical advice from other users. Real-world use cases will be showcased, new features will be highlighted, and the projected roadmap for upcoming editions will be reviewed.

Current users and those considering making the switch to Asta Powerproject are invited to attend.

“This will be a valuable two days for schedulers as they network with others and gain practical advice to help them do their jobs even better,” says Jim Dawkins, U.S. Channel Manager for Elecosoft. “Interest in the conference so far has been impressive and really shows the passion these construction pros have for the software.”

Conference attendees will hear from several speakers including Elecosoft’s chief operating officer Jason Ruddle who will detail the company’s continued plans for the software in the U.S. market.

Other speakers include Rusty Hamilton, president of Catalyst USA, a CPM consultancy that has provided scheduling services for more than 25 years to commercial, industrial and government sector clients. Asta Powerproject users from Norwood Construction, PennDOT and more will share their experiences and insights. And Chris Ray, a consultant with Elecosoft who has more than 20 years of experience working with Asta Powerproject, will lead a discussion on the software’s future development and will solicit user feedback.

Ray will also be available for one-on-one consultancy sessions with users on the 15th.

Other educational sessions include:

• Getting starting with Asta Powerproject and understanding the value of templates
• Using views and borders to quickly create graphical reports
• Super user tips and tricks to optimize scheduling efforts
• Setting up resources/costs and understanding modeling types
• Available add-ons to extend Asta Powerproject functionality
• Enterprise implementation
• Progressing and updating with resources and costs
• Leveraging the power of Asta Powerproject BIM

More than 100 users are expected to attend the fall conference.

Asta Powerproject was originally released in the UK in 1988 and has more than 100,000 users in that country, Europe, Australia, Asia, and the Arabian Peninsula. The company began selling Asta Powerproject in the U.S. in 2013 and has seen rapid adoption.

“We’re grateful for the trust our U.S. clients have placed in Asta Powerproject and we’re committed to their success,” says Elecosoft’s Ruddle. “We will continue to invest in programs like this user conference that allow us to connect with those project schedulers who are shaping the future of construction every day.”

Tickets for the user conference are available for $179 before August 31 or $239 after August 31.