Eleco Public Share Discussion Threads

[smithie6] 14/12/2016 19:49

the prices paid are the highest prices paid for weeks/months....a good sign imo

(Kettely bought some about 10p a few years ago....who knows maybe letting a few go ?? and would still have big holding (about 16% to 15% if it was him)
not so young now...perhaps enjoy some profit ?
although there have been a number of big trades over recent weeks and no RNS and any dir. would have had to issue an RNS....
...I wonder if any of the departed directors in recent years had a holding and willing to see and phps re-invest where they work now ?? since not dirs. now they wouldnt have to disclose (but Im not that interested to go looking thru old data to try to find out)

[smithie6] 14/12/2016 19:32

interesting....the 2 matching trades of 300k were reported late...so I hadnt seen them...

based on the spread in the price for the trades wrt 600k....it was clearly a sale to a new person (since a bed and sipp/ISA is done at almost the same price..)

imho the spread looks unusually big at 2p...6000 pounds profit for the MM on 1 trade of 300k shares...and another 6000 pounds profit on the other trade of 300k shares....12k pounds in total....when one assumes that the trades were agreed in advance so the MM had no risk.....
which perhaps infers that the dealing responsibles for the people placing the trades had/have little idea what they are doing imho !!... they should have been able to obtain a much better deal, 1p or 1/2p spread imo

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Positive to see that 2 different buyers are keen to buy 300k shares each at 32p...about 100k pnds each !
..despite the big run up in price from 22p-24p area the big buyers are still buying....inferring they think there is more to come...nice...

[ansc] 14/12/2016 19:05

The 600k shares sold (@ 30.00p) after hours looks as though it ties in with the 2 x 300k shares bought earlier at 14.44 hrs. Will we get a RNS on a significant share holding change this time?

[smithie6] 14/12/2016 17:04

A trade after the close of 600,000 shares...a biggie..

6/7 of 1% of the co.

[smithie6] 14/12/2016 17:03

A trade after the close of 600,000 shares...a biggie..

[smithie6] 13/12/2016 10:37

Thanks

(Interesting imo that the possible opportunity remains....& that English is an official language in India so one assumes that an existing product could be marketed, no translation needed....although as you say the expansion push at present is for north America)

[ansc] 12/12/2016 19:06

India hasn't featured in any company information for a long time so I presume it's been put on the back burner with most of the resources these days being concentrated on the ginormous 'Americas' market.

[smithie6] 12/12/2016 12:29

ansc
What's the history of the co. in India ?
..just for cheap software devel. programmers....?
Any turnover ?
Any sales opportunities ?

[ansc] 12/12/2016 11:47

In the pre-recession (i.e. before 2009) era, ELCO used to issue a trading update just after the end of their financial year (which is now end-December). I hope they are planning to re-start that practice this time as it should give an indication as to whether or not the recent 'Options' RNS vesting conditions are achievable. Then perhaps their broker will be able to revise their wildly differing forecast figures!

[smithie6] 09/12/2016 14:56

..according to advfn the price to sell is up 2p today.....after phps 25k shares bought..(8k pnds or so)...shows how illiquid it is...most shares are just held...

[smithie6] 09/12/2016 14:40

btw
I see that IDEA has a cap. value of 5-6 x turnover. Whereas for ELCO its about x 1.

I know which investment I prefer.

[smithie6] 09/12/2016 11:50

...hopefully at some time we'll get some text on how expansion in recent months in 2016 from Europe into the USA, using existing software products ( & in time from the recently acquired products :-) ), is going...

[smithie6] 09/12/2016 11:48

A buy of 10k shares gone thru at 30.5p....biggest trades at over 30p for months imho that hasnt been a bed and sipp....

imho it'll get there....under the radar with PIs imho, so far...cough & it cld jump since underpriced imo

[smithie6] 06/12/2016 13:51

...sell price is 29.3p...mid price close to moving above 30p

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Cheap as chips !!

[b1ggles] 06/12/2016 09:13

There we go again.

[ansc] 06/12/2016 08:51

There we go again, a 50k buy (@ 30.5p) marked L(ate) 15 minutes after the market closed; yet the share price had closed down!

[ansc] 01/12/2016 12:36

Brown & Carroll - 'Why we rely on Asta Powerproject':

[as always, read the full case study]

[smithie6] 28/11/2016 13:32

...30p level hopefully going to be broken soon...

[smithie6] 25/11/2016 14:32

I wonder if we will one day discover who has been doing the large buy and sell trades....

[smithie6] 23/11/2016 11:00

Still a bit surprised that the big buyer and big seller dont talk via the MM and do 1 big trade rather than numerous biggish trades...although smaller 'big' trades phps reduces their risk of not getting paid the cash !

[smithie6] 23/11/2016 10:58

..tight spread infers imho that the MMs have a buyer hence MMs dont need a bigger spread to reflect higher risk and interest cost of holding the shares themselves

[ansc] 22/11/2016 14:36

120k sold this morning but online quote just now (for 25k) was a ridiculously tight 29.5/29.95p. It'll be interesting to see what is marked this afternoon, L(ate) or otherwise!

[smithie6] 21/11/2016 13:05

Btw real mkt price to sell is 29p.
Official mkt price to buy is 31p but negligible/no buy trades after the price moved up above 29.5p

...1 small sell booked this morning..

Summary
Illiquid..few nett trades ...hldrs are happy to hld imho....

[smithie6] 21/11/2016 13:03

Trades last week around 28-29p

& that is now the price to sell
..imho MMs are trying to buy shares to fill those orders ( or have no shares left and dont want to sell any more at 29p since might not be able to re-obtain from the mkt ..and they dont want to make a loss...

In any case the nett trades are tiny/negligible....with many trades being imo bed and SIPP/ISA ....and some big trades from big holders which cld have numerous reasons....(& phps organised by phone off mkt in advance.....or cld even be moving from fund 1 to fund 2 at same Institution)

[ansc] 21/11/2016 10:10

Another mystery trade pulled out of the magician's hat this morning ... 275k @ 29.0p timed 17.39 on Friday (it wasn't there yesterday when I looked!). I wonder whether we'll see a RNS shortly to help explain these largish trades?