Eckoh Share Discussion Threads

[nickelmer] 13/6/2017 17:11

Interesting and positive write up here

[...]

[septimus quaid] 13/6/2017 09:37

65p price tag?

[mazarin] 12/6/2017 15:25

Either way they're doing well and it's certainly an encouraging sign when existing clients renew Contracts providing and an even greater incentive for new clients when considering ECK's services.

[reallyrich] 12/6/2017 12:51

Mazarin I think you are a bit wrong about client retention. Its much higher to 100%

[greg the grinch] 12/6/2017 12:33

The drop last year was due to a change to SAAS, 'everyone' in the market did not know if it was going to work and was going to reduce earnings. Without that visibility some took profits after a big rise... it seems SAAS was a good idea plus with what looks like the threshold to mass US uptake plus some good sales not in this years results it is looking good.

I think sellers will dissappear therefore we are left with the longterm holders with £1+ targets so I expect a steady climb from here on as buy orders appear.

I reckon 2-3 years and we should be £1-£3, but I reckon there is a good chance we are taken out on the next year or so for £1+.... let's see.

GLA

[mazarin] 12/6/2017 12:02

This time last year I recall that ECK's share price touched 55p, so it has a bit of catching up to do. I'm sure it'll pick up in due course, the market is clearly slow to react to any good news from ECK. It's not helped either given that today's announcement just happens to coincide with general market's nervousness that is spooked by continued UK political turmoil and future leadership uncertainty. The US side of business reads very well that is only partly factored into theses results and the UK side of business is described by Analysts as 'solid'. This combined with over 76% Contract retention is clearly very positive news. So overall, I think we are in a much better position than we were last year and therefore, I say give it time to pick up.

[jurgenklopp] 12/6/2017 09:46

Singer & Friedlander's comment this morning:

The group delivered FY results comfortably against expectations, with a transformational US performance. The total value of Secure Payments contracts won in the US was more than 5x the previous year, with only 21% recognised in FY’17. There are strong positive demand drivers in the US and with one of the leading propositions in the market, Eckoh will be well-placed to capitalise. The UK remains solid, with the Capita and other emerging partnerships contributing. Retention rates remain very high and with overall recurring revenues at 76% (and improving), we believe Eckoh offers exciting and visible growth opportunities.

[mylands] 12/6/2017 07:53

Well over 50p today?

After nearly an hour of trading we appear to be going nowhere!

[jurgenklopp] 12/6/2017 07:41

Sparkling results.

[broadwood] 12/6/2017 07:32

Eckoh's revenues rose by 30% to £29.1m in the year to the end of March with US operations up by 145% to £9.7m.

Gross profit increased 21% to £20.3m and adjusted EBITDA rose to £5.8m (FY16: £5.4m).

Adjusted operating profit rose to £4.3m (FY16: £4.1m) despite a £0.7m loss made by a discontinued division of acquired subsidiary, Product Support Solutions Inc and the transition to a recurring revenue model in the US.

The board had proposed a final dividend proposed of 0.48p per share (FY16: 0.45p).

Chief executive Nik Philpot said: "We are delighted to report the fourth successive year of double digit revenue and gross profit growth for Eckoh, largely driven by a breakthrough year in the US.

"One third of the Group's revenue is now generated from this large and growing market.

"The record levels of contract wins and pipeline growth, combined with an effective transition to recurring revenue pricing and a market-leading product portfolio, gives us a strong platform on which to further expand our presence in the US.

"Our UK business also continues to grow and has been enhanced by the addition of K2C.

"With over 75% of Group revenue already recurring, the board believe Eckoh is well positioned for further significant growth over the coming years."

[broadwood] 12/6/2017 07:26

Should go well on this statement.


Nik Philpot, Chief Executive Officer, commented today:
"We are delighted to report the fourth successive year of double digit revenue and gross profit growth for Eckoh, largely driven by a breakthrough year in the US. One third of the Group's revenue is now generated from this large and growing market.

The record levels of contract wins and pipeline growth, combined with an effective transition to recurring revenue pricing and a market-leading product portfolio, gives us a strong platform on which to further expand our presence in the US. Our UK business also continues to grow and has been enhanced by the addition of K2C.

With over 75% of Group revenue already recurring, the Board believe Eckoh is well positioned for further significant growth over the coming years

[jurgenklopp] 07/6/2017 11:17

Results due next Monday.

Barring any post election general meltdown this could be lively next week.

[greg the grinch] 24/5/2017 14:10

Carter = $3B turnover inc biggest babies and kids clothes.

This is exactly the type of company we need.... corporate decision makers virtually always choose tried and tested methods... so they will look at ECK's ongoing client list and the choice will be obvious.....as I mentioned earlier I reckon we are approaching mass uptake threshold.

Takeout price in a year or two will multibag nicely.

GLA

[reallyrich] 24/5/2017 13:25

Thought it was 250 quid to post a rns

[mazarin] 24/5/2017 12:12

It must cost a Company to post RNS, so I assume its something of a judgement call to evaluate what the Co. considers how the Contract is likely to be 'price sensitive'. It's just even possible that there may be other Contracts due that are soon to be announced and it's not unprecedented for ECK to combine notice of multiple Contract wins in one RNS. We shall, of course see as time will tell....!

[nickelmer] 24/5/2017 12:12

Thanks Mazarin, as jurgenklopp suggests, it is strange that this did not receive a formal announcement but perhaps it depends on the value of the contract, carters inc certainly appear to be a large corporate

[jurgenklopp] 24/5/2017 12:06

Isn't this worthy of an RNS ?

[mazarin] 24/5/2017 12:04

Thanks Nick, Nice find, I have slightly amended your post just to make directly viewable:

Likewise Poacher:

[poacher45] 24/5/2017 11:35

hxxp://www.eckoh.com/resources/news-press/carters-inc-chooses-eckoh-pci-compliance-and-customer-trust

Onwards and upwards

[nickelmer] 24/5/2017 11:30

hxxp://www.4-traders.com/ECKOH-PLC-4004190/news/Eckoh-Carter-rsquo-s-Inc-Chooses-Eckoh-for-PCI-Compliance-and-Customer-Trust-24462811/

Not sure why this has not been shown over here?

[jurgenklopp] 24/5/2017 11:21

Doctor

We have a pulse.

;o)

[boadicea] 10/5/2017 14:45

Greg - If it becomes a serious threat to an incumbent in its chosen sector of the payments field in the US it could be subjected either to a targeted squeeze (ouch!) or a takeover. The latter would no doubt be profitable in the short term although I would rather see multi years of independent growth.

[greg the grinch] 10/5/2017 11:44

'responding to an increasing number of tenders.'

:o)

Ha! I have been waiting for this for a while. I think we are now at the threshold for mass market uptake of ECK's services in the US. Hopefully the profits will start to grow at a real pace and push the share price towards £1-2 in the next year or so.

GLA

[septimus quaid] 09/5/2017 16:30

Hero to zero to hero as far as my portfolio is concerned