Eckoh Plc

1.70 (4.96%)
Share Name Share Symbol Market Stock Type
Eckoh Plc ECK London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.70 4.96% 36.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
36.00 36.00 36.00 34.30
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Industry Sector

Eckoh ECK Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date

Top Dividend Posts

Top Posts
Posted at 19/4/2023 17:00 by simon gordon
Hi W,

Yes, ECK are a more mature company with stronger cashflow.

It does look like ECK is going for more the security route and PCIP with payments.

From my limited reading of the market the payments side looks more dynamic with faster growth.

From what PCIP are saying it looks like they are now pushing for large enterprise customers and make mention of four of them in recent market comments. It's going to be interesting to see what they can pull in for H2. Will they go over £4m ACV for the first time?

Hopefully, the patent dispute will resolve with the upcoming American and UK court cases in May and June.

Like you say, it is interesting to watch both of them compete, let's hope they both do well. Though I'm favouring PCIP just because I think they are smarter and take bigger risks. Though that leads to more danger, eg SVB and the patent dispute.

Posted at 19/4/2023 16:50 by wjccghcc
Well rightly or wrongly, I've been buying back at 31p. I hold both ECK and PCIP and not sure I agree with you Simon regarding superiority of one over the other. They both also seem to be expanding in different directions.

PCIP have a narrower product set and are focussed on the SME market through their channel partners. They are developing new products to make payments easier/cheaper for their client base.

ECK have a broader product set, sell less through channel partners, and are focussed more on the larger enterprise market. They are developing new products to make them more secure in their customer interactions.

PCIP ARR grew 8% in H1. ECK growth in the US ARR was 16% but the flat mature UK side reduced that to 10% for the company. ECK has much better cashflow, owns the freehold of its head office and doesn't have the downside of the patent dispute. PCIP is currently more nimble so will probably grow faster as a whole.

It will be interesting to see which path is the more successful.

Posted at 04/4/2023 19:51 by septimus quaid
Yes, pretty painful.

What looks like smallish trades into a weak market for ECK shares, dragging the price down.

Last year, ECK issued a trading update on 4 Apr 2022 and provided a full year trading update on 17 May 2022.

So, we may hear something fairly soon, or it could be mid May?

Posted at 29/11/2022 17:33 by tole – Cloud Security has Sunny OutlookBy Mark Watson-Mitchell 28 November 2022 3 mins. to readEckoh – Cloud Security has Sunny OutlookAs the shift towards greater remote working continues apace, it creates a number of security threats for this group's clients.Strong order momentum, especially in new business, has been a marked improvement in the interim period to end September for Eckoh (LON:ECK).Previously it has focused solely on the UK and US markets, but it now has an increasingly cloud-based security proposition enabling increased activity to come from an expanding international market.Engage your customers safelyBased in Hemel Hempstead, the £118m capitalised group provides Customer Engagement Security Solutions, which enable enquiries and transactions to be performed on whatever device the customer chooses, allowing organisations to increase efficiency, lower operational costs, while also providing an omnichannel experience for the customer.Its solutions include advanced interactive voice response (IVR), speech recognition IVR, visual IVR, chatbots, and AI customer service.The company's secure payment solutions include: CallGuard, an automated IVR system; DataGuard for payments made over the web or a mobile; ChatGuard for payments made through a web chat or chatbot; EckohPAY, automating recurring payments through secure IVR; Pay by Link, a secure digital payment link; online payments, payment methods, personal customer data, remote agent payments; and payment card industry compliance solutions.Clients are helped to take payments and transact securely with their customers through all customer engagement channels. The solutions offer merchants a simple and effective way to reduce the risk of fraud, and to secure sensitive data.Across various sectors in both the UK and the US, Eckoh has an extensive portfolio of large enterprise clients including government departments, telecoms providers, retailers, utility providers and financial services organisations.The customer engagement industry is already facing new security challenges from the permanent shift towards greater remote working, and a deteriorating global economic environment is likely to only exacerbate the number of security threats.Halfway advance points to strong yearLast Wednesday the group announced its interim figures to end September. They showed a 33% growth in group revenues at £19.6m (£14.7m), while the group's adjusted EBITDA was 44% better at £5.0m (£3.5m), lifting earnings per share up 32% to 1.06p at the halfway.The group's CEO, Nik Philpot, stated that: "These are a great set of results, showing the anticipated strong progress in key areas. I am particularly pleased with the increasing organic and overall levels of ARR and contracted orders. They reflect our organic growth, the successful integration of Syntec, strong growth in the key North American market, and the ongoing momentum from cloud deployments.The group's interims show that it is on track to deliver some material growth in the current year. Importantly what came through was the strength of the North American business.The EquityThere are some 292.6m shares in issue.Larger holders include Canaccord Genuity Wealth Management (16.74%), Liontrust Asset Management (14.04%), Chelverton Asset Management (6.24%), Herald Investment Trust (5.49%) and Blackrock Investment Management (4.45%).Broker's Views – a Price Objective of 80pBrokers Singer Capital Markets have current year estimates to end March 2023 for £40.0m revenues, up from £31.8m, while adjusted pre-tax profits are set to rise from £5.2m to £7.6m, with earnings of 2.0p (1.6p) and dividends of 0.70p (0.67p) per share.Already they have pencilled in further growth in the coming year with £43.2m revenues, £8.3m profits, 2.0p earnings and a 0.80p dividend per share.At Canaccord Genuity Capital Markets, their analyst estimates £40.5m current year sales, with £7.3m adjusted pre-tax profits, worth 1.91p in earnings and amply covering a 0.80p dividend per share.The brokers are going for a Price Objective of 80p compared to the current 40p in the market.Both sets of brokers agree that there are significant cross-selling opportunities for the group as both its operational base and its service offerings expands.My View – setting a Target Price at 50pThe very positive tones emitted from the Interim results shows that the shares are undervalued and capable of very good growth in the next year or so.At the start of 2022 this group's shares were trading at around 52.5p, since when they have been as low as 36.2p, which was just a couple of weeks ago.Now at 40p, I do feel that the current year's prospects will help to increase the group's share price.I will now set a Target Price at 50p, which could well be achieved early in 2023.
Posted at 24/11/2022 08:08 by nickelmer
I can't see a compelling reason to buy these unless the price falls further. Now that you can get nearly 3% in the bank their dividend has no appeal. They remain on a reasonably high PE and so are still fully priced.

They will really need to show good growth in profits from here to interest investors. Sales have increased but their margins do seem to be slipping, also, no good news on the acquisition, other than "proceeding well" for £30,000,0000 I would have wanted to see a BIG increase in profits, but nothing much was reported there which I find concerning.

Jurys out on this one for now imho

Posted at 16/11/2022 16:26 by wjccghcc
I hold both but I prefer ECK at these prices. DOTD is in a very crowded market and has to work hard to get any growth. ECK's order intake may suffer in retail downturns but it has the advantage of few competitors, a regulatory tailwind and the need for increased WFH security. I've been buying back at 36-37p where there seems to be an overhang.
Posted at 26/9/2022 13:52 by nickelmer
I wonder if ECK US$ dollar earnings will help grow profits with so much dollar strength
Posted at 20/5/2022 09:30 by nickelmer
Things do appear to be improving, BUT, shareholders still have to wait another year to see if the growth promised is actually delivered, unless they can deliver (and actually announce) some decent sized contract wins in the meantime. I agree on the dividend, it has been the same for several years, having wasted £30 million on a competitor, perhaps they can help relieve tired shareholders with a dividend increase, with savings rates increasing your money will soon be better off in the bank
Posted at 20/5/2022 08:57 by septimus quaid
I really don’t know what ECK are playing at at the mo. 5% is just “noise” in the scheme of things, like did they mean to say 50%?

They seem to specialise in the art of understatement.

Cutting through the corporate waffle, the next big test will be June’s dividend announcement.

Posted at 12/4/2022 08:43 by boadicea

...but apparently not worthy of an RNS.

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