Eleco Public Share Discussion Threads

[smithie6] 20/1/2017 16:34

Boy or sell at 36p ?

Turnover . Secret
Profit (of any type). Secret

Value per share of "secret" ??!

[smithie6] 20/1/2017 15:38

Ansc

Finncap
Target prices
ELCO 40p
STM 65p

.recent hours..ELCO falling back...STM rising...perhaps Finncap discretionary clients being moved from ELCO to STM since ELCO was almost touching its Finncap target price while STM has a gap to its target price.

Is Finncap the co. broker at both....& perhaps knows the ELCO profit and turnover numbers which are not being revealed to the mkt ??

[smithie6] 20/1/2017 15:22

I personally think cos. should issue an 'trading ok' statement every 2 months.....but wont happen..

That some cos. report out of the blue...'H1 has been very bad' & shares fall 50%...is imo nuts...on-going info would avoid/reduce such big instant falls
...some cos. say nothing except issuing interims & finals...crazy imo...esp. for high risk small cos..

AIM rules provide investing or a wheel spin as PIs wait 6 months for news ?

(not applying that to ELCO with its solid fundamentals but !
ELCO is 'guilty' of not giving numbers in its RNS & not including the number for one-off profit contribution due to currency)

Annual turnover. Its up but the co. refuses to reveal the number even though they know it !
'Profit above expectations' !!....above what ?!...
Just dissinformation imo..while one assumes that ppl close to the co. such as the co. NOMAD will be told.
USA mkts imo require numbers to be given. In UK, no. Need change imho.

[smithie6] 20/1/2017 15:10

..a director's share purchase or an option target doesnt delete the regulation requiring material data to be reported to the mkt "as soon as possible once it is known"....

Declaring "trading was materially better than expectated in H2 due to winning contracts X months ago"

Clearly imo breaks the requirement for "as soon as it is known"....

They knew they won contracts...and money involved...

But only reported x months later !!

Imho

-----

Congrats on your buying more in recent months..& your beneficial day.

[ansc] 20/1/2017 14:26

Classic case of a mixture of ignorance, greed and sour grapes. (i) RNS of 28th October [issue of share options] sets two conditions for vesting one of which was achieving at least eps 2.76p/share for year ending December '18; quite informative for some of us long term shareholders. (ii) Broken the rules; that's already been answered accurately. (iii) Up trend of share price recently indicates insider trading; director purchase on 20th December followed by 'Shares' magazine tip recently just might have had something to do with the price firming.

My only regret is that I haven't bought enough shares during the last couple of months even tho' I've been anticipating a re-rating! C'est la vie!!

[smithie6] 20/1/2017 13:46

If new Finncap target is 40p...
That's only 2p up from price ppl paying this morning.

[smithie6] 20/1/2017 13:44

...RNS saying profit up...gives no numbers...nor reveals if a small or big part is due to one off currency gains on debt

...PIs..we'll be the last to know....AIM..pah !!

[kemche] 20/1/2017 13:12

smithie6, filtered for being far too intelligent for me.

[aishah] 20/1/2017 13:08

finnCap have raised their target price to 40p.

[kemche] 20/1/2017 12:46

13 times the average daily volume traded so far...

[interceptor2] 20/1/2017 11:58

Not sure about that Smithie6, year was 31st December, Directors probably thought business was strong beforehand, but I think it is fair to wait until after the year end to report this to the market once they could crunch the numbers and know for sure.

Finished researching the company now and actually fairly excited by growth prospects, USA looks like a future growth area from a low base, they did win a number of contracts there as well as elsewhere, reported in the half year results.

PER at 25 may look high, but after today's update it will fall quickly imo, and if ELCO are at the start of a new growth period which looks likely, then we may look back at today's news as a significant turning point and a cheap price to enter the trade and build a decent position here.

[smithie6] 20/1/2017 10:56

Imho the co. has broken the rules ...not reporting material data as soon as they were aware...

....the up trend in Q4 phps infers that some ppl knew !

[aishah] 20/1/2017 10:42

Excellent update. Techmarketview:

Elecosoft reports a positive end to the year

In its latest trading update (year ending December 2016), AIM-listed construction software business, Elecosoft plc has reported record sales and better than expected profits for 2016.

This is the first trading update since Elecosoft acquired ICON (Elecosoft buys ICON for retail SaaS know-how), which brought property data software into its stable and provided an impressive new customer base, including ASDA, John Lewis, Sainsbury’s, Next and Boots.

Growth has been driven largely by sales of its project management system, Asta Powerproject, and Bidcon estimating software, as well as associated training and consultancy. This software is utilised by many of the leading construction companies, including Skansa, Carillion and BAM.

The business has also benefitted from post-Brexit currency changes. It has a strong customer base in Scandinavia and Germany—in the six months to 30 June 2016, 55% of Elecosoft’s revenue has generated from these two regions. Despite the understandable concerns that Brexit brings (The Brexit Effect: SMEs in UK tech optimistic about their battle plans), it’s good to see UK-based business benefiting during this period of uncertainty.

[kemche] 20/1/2017 08:19

Well that turned out nice!

[kemche] 12/1/2017 16:26

Have taken a nibble here based on the last set of accounts.

[ansc] 11/1/2017 15:06

Whoever bought those 100K shares (@ 29.25p) this morning appears to be unconcerned. I'll be waiting for the hoped-for trading update shortly before deciding what to do (if anything!).

[rathkum] 11/1/2017 11:30

The departure of the finance director seems to be have unsettled some PI.

I recall an advice given me to many years back that when the FD departs (2 of them here)so should you from the company. I have done that a couple of times in the past that rings true and has served me well. This is a downer as far as I am concerned, perhaps I'll make an exception here

[ansc] 10/1/2017 18:32

World-leading engineering company, Callum Detuners Limited, chooses Asta Powerproject:

[rathkum] 30/12/2016 12:29

Smithie6 you asked - What's the history of the co. in India ?

[smithie6] 22/12/2016 12:18

...the recent 300k & 600k matched trades...
I note that Dec is the tax yr end in USA

[ansc] 21/12/2016 13:21

The company's newest director setting an example (hopefully!) to his fellow non-share-holding directors:

[Elecosoft plc ("Elecosoft" or "the Company") - 20 December 2016

Director Dealing

Elecosoft plc (AIM: ELCO), the AIM-listed construction software specialist, was notified today that Jonathan Hunter, Group Marketing and Business Development Director, has purchased 16,382 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 30.45 pence per Ordinary Share. Following the purchase, Mr Hunter is now interested in 16,382 Ordinary Shares representing 0.02 per cent. of the issued share capital of the Company.]

Well done, Jonathan.

[smithie6] 19/12/2016 12:04

Ansc

Is that another late trade reported of 600k shares

So
It appears then that the 2 300k trades & 2 600k trades were bed and SIPP/ISA type trades rather than the 600k trade matching the 2 x 300k trades.

[smithie6] 18/12/2016 14:19

So...no owner disclosures so far...as result of big trades in recent wks