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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Electrocomponents Plc | LSE:ECM | London | Ordinary Share | GB0003096442 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1,047.00 | 1,043.00 | 1,045.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
27/6/2008 08:30 | Sentiment now returning to ECM from PFL. Both warrant better SP's, especially ECM!! With the large increase in computer, Digital TV, electronic gizmos; this business is more likely to withstand the current economic storms than most. The younger generation live electronics and they are the driving force behind electronic inovation!! | highlander2 | |
26/6/2008 12:10 | On a side note, have any of you looked at ZRX before? Totally different business & market but I think similarly undervalued. | studhaves | |
26/6/2008 12:06 | The Pru have almost 10% now - I wonder if they're buying for themselves or someone else? | studhaves | |
26/6/2008 10:45 | On the 250 upside, Electrocomponents rose 2-1/4 at 145 after Seymour Pierce upped its rating to 'buy' from 'hold', on valuation following recent share price weakness 26-Jun-08 Electrocomponents ECM Seymour Pierce Buy 145.75p 180.00p - Upgrade | tole | |
26/6/2008 10:13 | The Pru thinks so too!! They have just increased their interest in ECM. | highlander2 | |
26/6/2008 09:25 | These look very good, see them hitting 180-200p within 2 months. bought for divi but they are so undervalued Im keeping hold of them.. DYOR | mrsail | |
25/6/2008 13:29 | Ballance sheet. PFL ECM Fixed Assets 55.20 114.90 Intangibles 51.20 188.60 Fixed Investments 53.60 18.00 Stock 154.50 161.10 Debtors 121.20 174.30 Cash & Securities 37.60 28.40 TOTAL 473.30 685.30 Creditors short 109.50 168.30 Creditors long 343.70 235.20 TOTAL 453.20 403.60 EQUITY 20.10 281.80 With these figures the price difference is a nonsense. Either someone is using insider info or the price is being deliberately manipulated. We will find out over the next few weeks!!!! | highlander2 | |
25/6/2008 12:07 | thought the XD was further down the line - that in part assuages my fears - thanks | rochdale | |
25/6/2008 10:58 | Looking at the share price of these & PFL; ECM are on a PE of around 9.5, PFL on 19 !! What can we infer from that? They do the same thing, in the same industries, etc, etc, except ECM are the market leader with greater turnover & profitability! If we were to apply the same PE ratio to ECM, then you'd get a share price of 279. If we decided that PFL were over valued (& I dont think they are) & ECM undervalued & moved the 2 PEs to meet in the middle at 14.5, you'd get a share price of 213. If we applied the 9.5 PE to Farnell, they'd be at about 95p - clearly too low. So what do you think? Using the numbers & ratios above ECM must be undervalued by a significant margin - they should perhaps be at twice the price, but probably at least 50% higher. Any thoughts? | studhaves | |
25/6/2008 10:51 | To expnad on jhan66 - they went ex dividend today for 12.6p - the share price therefore dropped by 12.6p. I see though that PFL continue to fly. | studhaves | |
25/6/2008 10:26 | this fall is huge - lost for an explanation - maybe problems in the pipeline that we are unaware of | rochdale | |
24/6/2008 20:13 | jc, I used to work for PFL in field sales, so I was customer facing, & we just couldn't shake RS (the brand under ECM) out of customers, they are definitely the brand leader. The traditional sales chanel is via a catalogue, or rather catalogues, although RS also have trade counters, something we used to feel helped them tremendously. Both companies are now seeing tremendous growth of internet based ordering. The business model for both ECM & PFL is identical - there are 100,000+ products, all held in stock. The customer builds his order from the catalogue/internet, places it by phone/the net, & his goods arrive tommorrow morning, carraige free. The advantage for the customer is the "one stop shop"/ convenience of using them, but they pay a big premium on price for it - have a look at things on the site like tools, screws, anything really & compare the price to a specialist distributor/stockist I don't think a slowdown in any one country will hurt them much, they are global suppliers & are seeing the biggest growth from newer (to them) markets - the US, India, China, etc - so they have a lot to go at, & these countries, even the US, do not have such a service orientated electronics/industri | studhaves | |
24/6/2008 19:35 | jc - extract from the final results may give you some insight into the future asperations of ECM. Must be progressive!! Exploit the full potential of e-Commerce Although the catalogue remains an important channel for our customers, e-commerce represents an opportunity to fundamentally enhance many aspects of our business model. Rapid growth of this channel has taken e-commerce sales to 33% of Group revenue. e-commerce enables the Group to more rapidly introduce new products, as it reduces the constraint of the traditional annual catalogue publication cycle. It enables the Group to offer a wider product range than is practical in a paper catalogue; an ability that has already been successfully exploited by selling the Group's US and Japanese extended ranges to UK and European customers. Customers are being encouraged to switch to e-commerce and as a result our ability to reduce off-line costs is increasing. In addition, e-commerce is helping the Group form deeper relationships with key suppliers, for example by embedding supplier-generated content in the Group's site and providing links from supplier sites. | highlander2 | |
24/6/2008 18:25 | Thanks Studhaves for the website Yeah I am not convinced why this has dropped. I think it is speculation that if the economy does enter recession etc I suppose some are betting this will suffer? Other then their website they sell through other more tradtitional methods I believe - read somewhere that catalogues etc part of their marketing? Maybe wrong. Seems ok but bit old fashioned?...would think interent is the way forward - costs and everything. Have not studied this enough but if any opinions on how forward looking they are would be appreciated. Massive revenue so must be doingsomething right. Google search tools and their website didn't come up. Maybe a different search would be better? | jimmycarter | |
24/6/2008 14:04 | I don't know if these are shorted much since ADVFN don't supply crest data anymore, but you'd have thought anyone shorting would shut it today otherwise they'll have to pay the dividend, which is of course quite chunky? | studhaves | |
24/6/2008 10:02 | plus some commitments to future dividends in the accounts.... CAPITAL STRUCTURE AND DIVIDEND 2008 dividends maintained at 18.4p in line with the previous commitment. 2009 dividends to remain at 18.4p comprising an ordinary dividend of 11.0p and a special dividend of 7.4p. Progressive ordinary dividend policy to be pursued at earnings pay out ratio of 65%. I bought yesterday. A day early judging by today's movements but hopefully not six months too early | jhan66 | |
24/6/2008 09:33 | We are now approaching the critical stage in the XD saga. The dealers have until 16.00hrs to buy for the juicy divi!! (It is today???) If, as some posters are implying, the business mix is in trouble; why is PFL not in the same plight? Merely stating that PFL is better placed is not a reason. They have a way to go to catch up with ECM's sales and profit. Regarding the payment of the large divi; this has been paid over the last three years without the cash flow suffering. Remember that a loss is only realised when you sell. Good luck | highlander2 | |
24/6/2008 00:51 | rswww.com (yes, it really is that) is the major part of their business. Compare to www.farnell.com | studhaves | |
23/6/2008 21:15 | I am not sure quite why this is so low? I can only think it is a widespread doom and gloom thing. Does anyone have any info on thier selling website(s?). Any links? | jimmycarter | |
23/6/2008 14:41 | Okay, theres definitely something fishy going on here. Theres been a lot more buy orders than sells virtually all day long, ranging from between 1.5:1 to 2:1 & the price has gone DOWN. I am certain that the price is being held back. I think money is tight & the MMs are mopping up stock on the cheap to reap the dividend, & will then launch the share price upwards to make a killing there too once its gone ex-divi. I will be gobsmacked if this falls further & doesn't start to go upwards. I'm already gobsmacked that they can get away with it. Unless I'm wrong & it keeps falling. Time will tell, tick tock, tick tock... | studhaves | |
23/6/2008 12:22 | Looking at level2 it seems to have swung from a lot more sellers to a lot more buyers. Currently 29 v 23 & 275K v 151K Has been the other way around almost all morning, in fact for the last few days there hasn't been much in the way of buyers. | studhaves | |
23/6/2008 09:37 | The manipulators/Bears are working this stock down because they know that holders are not going to sell this close to the XD date. As a previous poster pointed out - this stock share price goes down prior to the XD date and rises back up after. Also using PFL as the stick to beat ECM. No reason for the two sp's to be so far apart. Wed 25th XD date - I presume!! Lets see what happens next!! | highlander2 | |
20/6/2008 14:54 | Its especially strange that while ECMs share price is languishing, PFLs share price, who are in exactly the same business, selling exactly the same products, to exactly the same customers, in exactly the same markets, is doing really well. Very odd. | studhaves |
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