Share Name Share Symbol Market Type Share ISIN Share Description
Elektron Plc LSE:EKT London Ordinary Share GB00B0C5RG72 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 14.625p 14.25p 15.00p 14.625p 14.625p 14.625p 0 07:50:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 32.7 -1.6 -0.5 - 27.22

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Date Time Title Posts
19/8/201715:33EKT - Looking Good!538
21/4/201721:32The Elektron Thread210
27/3/201720:34Elektron Technology PLC1,117
21/3/201718:55Ekt fit for the bin14
04/3/201718:13Elektron +30% in last 7 days79

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Elektron Daily Update: Elektron Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker EKT. The last closing price for Elektron was 14.63p.
Elektron Plc has a 4 week average price of 13p and a 12 week average price of 7.75p.
The 1 year high share price is 15.25p while the 1 year low share price is currently 5.88p.
There are currently 186,099,851 shares in issue and the average daily traded volume is 101,218 shares. The market capitalisation of Elektron Plc is £27,217,103.21.
tilly99: I don't think Keith worries about anything except his control of Elektron and now he has the support of Ruffer,Daley is in complete control to do as he pleases..he is now invincible and finally wants the share price up now he has finished buying all his shares..he wanted them as low as possible to buy his Jsop shares at mid market price in size when there was no sellers..ekt took the loss and Daley the huge profit Daley is the ultimate winner here and has now not only made millions in salary he is also making millions on his shares Game set and match to Daley
simon templar qc: As anyone noticed Keith Daley posted on his twitter account lately? Posters must be both confused, bewildered, of late for a number of reasons particularly since the share price has doubled from the placing price! Not me! All this has yet to be fully played out in a court of law, I have to be careful what I say but despite all the lost court cases, things are still on-going. Court orders can be overturned! Not only have directors done seriously wrongs but so have a considerable number of solicitors and barristers. There must be some very worried people out there concerned over these implications. Past investors who are annoyed over a loss of their investments just take a deep breath and be patient.
simon templar qc: The share price is just a small piece in a bigger picture all I am concerned about is Justice. The matter gets more complex as every day goes by however I am confident all can be unravelled in due course. Rome wasn't built in a day and the more serious wrongdoings the more chance of obtaining justice in due time. So far as I am concerned litigation continues and it will do so for some time to come. More court applications are to be placed before the courts shortly. Ever more people are to be implicated in wrongdoing there are many avenues to keep going down. Its the people who have done wrong who should be more concerned.
tilly99: BlackVlty aeg and spsy my stocks of the year ..2017Look at Vlty..growth Daley would only dream ofIf Daley spent less time inventing new LTIP schemes for him and JW and more time concentrating on ekt operations we may have a higher share price!!
tilly99: CEO's main responsibility is the business; they are responsible for Strategy and future policy to ensure the business is profitable and healthy. The ultimate responsibility of the CEO is the share price and shareholder value. Chief Operating Officer, and Operations Directors' main responsibilities are to concentrate on operating the business. Unless a Company is a Cooperative, a mutual or State run business the ultimate responsibility of the CEO is to deliver shareholder value!
tilly99: Simon I do feel that this year we will see some fireworksDaley knows that his time is up unless he pulls something out the bagShareholders aren't just going to pay for his lavish lifestyle of champagne and trips abroad without getting something back in terms of ekt share price gains
tilly99: Interestingly Neill Ricketts who Daley ousted managed to raise 1m gbp at a small discount to its share price in 24 hours over the weekend as private investors love him as do the institutions Daley has no support at all except from Kinder who is saving his jobI won't be invited for champagne after the Agm this year as that was only for friends of the BOD in the pastI v much doubt anyone will turn up again at our AGM..what a sad state of affairsOur directors refuse to promote ekt..Ricketts promotes Versarien and was at the investor show recently..he also respects all his shareholders Looks like Daley backed the wrong man..our man lost Ekt 6m gbp moving out of China ..Ricketts is a success story Still no contract wins for CheckitIf we see no improvement in Checkits prospects I will be calling a meeting with a major shareholder
yoyoy: "The JSOP alone was fraudulent, the company intended to utilise company money to buy back shares, which would guarantee they reached their share price target and the Vice Chancellor recognised that!" I thought that EKT just issued new shares to satisfy the needs of the JSOP and I thought that all major shareholders were consulted and had agreed. Not sure they understood the consequence of what they had agreed - an immediate 12% dilution to their holdings.
tilly99: Whats amazing is that non execs can't wait to abandon ship after a year or two at ektAckland and many others couldn't stand what they sawThe only non execs that Daley managed to recruit now are the two representing kinder and D and a!!!Shambles But as long as daley gets his 250k salary and 100k bonus and his free share options and he keeps kinder sweet he doesn't give a t ss about shareholders institutions or the share price He's happy happy happy
yoyoy: Elektron Technology Conclusion of Strategic Alternatives Process RNS Number : 1029K Elektron Technology PLC 20 June 2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, RUSSIA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL Elektron Technology plc ("Elektron" or the "Company" or the "Group") Conclusion of Strategic Alternatives Process Termination of Formal Sale Process and End of Offer Period Intention to Raise up to £3.5 million via a Placing and Open Offer Elektron Technology plc (AIM: EKT), the global technology group, announces the conclusion of the Strategic Alternatives Process previously announced on 7 April 2014 and that it is in advanced negotiations to raise up to £3.5 million via a placing and open offer. As part of the Strategic Alternatives Process, the Board received various approaches from third parties interested in making an offer or providing additional capital funding for the Company. The most attractive approach was an indicative offer which valued the Company's equity on an indicative basis at 10 pence per share. This indicative offer was received on 8 May 2014 and was subject to a period of further due diligence and there was no certainty that a firm offer would actually be made nor as to its terms. This approach included a precondition that certain specified shareholders holding in aggregate over 55 per cent. of the Company's issued share capital provided hard irrevocable undertakings to accept an offer made by the potential offeror at the level of 10p a share. John Kinder and Keith Daley, being two of the Company's major shareholders, holding in aggregate approximately 25.95* per cent. of the Company's issued share capital, confirmed in writing to the Company that they were not prepared to accept an offer at 10 pence per share nor to give hard irrevocable undertakings to accept such an offer. On 16 June 2014 the Company received a revision to the approach outlined above. This revised approach excluded any precondition in relation to the provision by John Kinder and Keith Daley of irrevocable undertakings to accept an offer at the level of 10 pence per share, but still required certain shareholders holding in aggregate over 32 per cent. of the Company's share capital to provide hard irrevocable undertakings to accept an offer at this price. In addition, as part of the preconditions of this revised approach the potential offeror would have needed to reach agreement with Messrs Kinder and Daley in respect of their own shareholdings. As part of the Strategic Alternatives Process, other potential proposals considered by the Board have included an equity fundraising to be supported by shareholders and/or third parties. The Board received expressions of interest in participating in a fundraising from several major shareholders including Keith Daley and John Kinder. In view of this, and the fact that Keith Daley and John Kinder, together with John Wilson, are part of a Concert Party, it was inappropriate for Keith Daley (Executive Chairman) and John Wilson (Chief Executive Offer) to participate in the decision-making process as to which course of action should be pursued. An Independent Committee of directors was, therefore, formed comprising Tony Harris and Ric Piper, both of whom are independent non-executive directors, and Andy Weatherstone, the Chief Financial Officer (the "Independent Committee"). The headroom on the Group's working capital facilities reduced significantly in the prior financial year and as at the Group's year end on 31 January 2014 the Group had headroom of £1.1 million. Whilst the Group has generated cash in the first quarter (to 30 April 2014) of the current financial year it has experienced some reduction in sales in May resulting in a fall in available headroom given the Group's principal source of working capital is an invoice discounting facility. The Group is currently operating on low levels of headroom. As a consequence of the fall in headroom and the Group's performance in the past year, the Group's principal lender, HSBC, and Elektron have entered into amended bank facilities. These amendments reset future covenant tests. In support of Elektron's current fundraising strategy, a new test has been introduced that will require the Group to maintain a minimum headroom of at least £1 million with effect from 30 June 2014. Failure to meet any of the covenants would technically give HSBC rights to step in and protect its position, at which time the Board will potentially have to consider options which may be destructive of shareholder value. Accordingly, the Independent Committee, mindful of the Group's financial position and the requirement of its banking arrangements and on the basis there could be no certainty that the conditions of the indicative approach referred to above could have been satisfied in the required timescale, if at all, has determined that an equity fundraising is the appropriate solution at this time. The Independent Committee has given consideration as to the best way to structure the proposed equity fundraising, having regard to, inter alia, current market conditions, the Company's near-term funding requirements, the level of the Company's share price and the importance of pre-emption rights to shareholders. After considering these factors, the Independent Committee has concluded that the most suitable option available to the Company and its shareholders as a whole is to structure the equity fundraising as (i) a placing (expected to be effected by way of a cashbox placing) and (ii) an open offer to shareholders with an excess application facility allowing existing shareholders to apply for further shares. The Company is in advanced negotiations to raise up to approximately £2.3 million (before expenses) through a placing with existing investors of new ordinary shares of 5 pence each (the "Placing Shares") at a price of 5 pence per Placing Share (the "Placing Price") (together the "Placing"). The Company also intends to raise up to a further approximately £1.2 million (before expenses) by way of an open offer of new ordinary shares of 5 pence each (the "Open Offer Shares") to existing shareholders at the Placing Price (the "Open Offer"). Existing shareholders would have the opportunity to participate by acquiring Open Offer Shares pro rata to their current holdings with the option of applying to subscribe for further shares under the excess application facility. To the extent that additional Open Offer Shares are not subscribed by existing Shareholders, investors including John Kinder and Keith Daley (among others) are expected to commit to subscribe for a certain number of these shares. If successful in its intention to raise the new funds, the Company intends to use the net proceeds of the Placing and Open Offer to reduce its borrowings with the bank, to fund working capital requirements and to invest in new product development and marketing. All indicative offers for the Company have now been rejected. The Board has decided to terminate the Strategic Alternatives Process, which includes a formal sale process under the City Code on Takeovers and Mergers ("City Code"), with immediate effect. Elektron has received confirmation from the participants involved in the formal sale process that they are no longer considering an offer for the Company. Therefore, the Company is no longer in an offer period under the City Code and accordingly, the requirement to make disclosures under Rule 8 of the City Code has now ceased. * Excludes Keith Daley's Joint Share Ownership Plan interest in shares held under the Elektron Technology 2012 Employee Benefit Trust. Including this further interest, John Kinder and Keith Daley are interested in aggregate in approximately 29.90 per cent. of the Company's issued share capital. For further information, please contact: Elektron Technology Keith Daley - Executive Chairman +44 (0)1223 371 000 John Wilson - CEO Andy Weatherstone - CFO
Elektron share price data is direct from the London Stock Exchange
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