Eckoh Share Discussion Threads

[spookies] 23/2/2018 09:41

Despite my reservations about the shrinking share price I doubled my small holding yesterday. I am banking on results being on target.

[gerihatrick] 23/2/2018 08:16

she bought because she has only recently joined the company and felt she should buy some shares-simple really!

[zipstuck] 23/2/2018 07:36

Happy to hold while recurring revenues build.

[spaceparallax] 22/2/2018 23:26

An attempted confidence trick perhaps?

[nickelmer] 22/2/2018 16:50

Why on earth did the CFO buy 20,000 shares at 48.5p back in November????

[azioni2] 22/2/2018 15:33

We have been here before...last time it was 12 months ago! Then in came the news and the price started to climb over the next few months. By mid May the share price was 20% higher and by mid August had climbed another 20% to 54.75. Some positive results and the announcement of new contracts win from the US and history might repeat itself.
We live in hope!

[mazarin] 21/2/2018 20:23

Reallyrich, me too and I totally agree. Having bought back-in recently, at too high a point, it now appears, I was expecting iminent positive news, that's now much much long overdue. Talk about patience.....!

[gerihatrick] 21/2/2018 09:29

zipstuck-that was the point I was trying to make to her-no figures on the contracts. No mention of the US-a missed opportunity on both counts imo. And they have to pay for every RNS issued!

[reallyrich] 21/2/2018 09:05

Having been a shareholder in this for about 16 years I find recent info from the company poor.

I also am very surprised that none of the big US retailers are using our software given all the credit card hacks they have had there. While the company did mention longer lead times in the US it really is taking a long time!!!

[zipstuck] 21/2/2018 07:59

gerihatric.
I'm not surprisedIt would be suicide for an accountant to release anything more than to an individual. May prompt another RNS though.

[nickelmer] 20/2/2018 18:26

I have just re-read their Feb 5th announcement, no indication of the actual value of the contracts, just the comment that they were " a justification of our strategy change" how self flagellating can they make it. Why don't they just say we don't give a stuff about the shareholders we just do what we like and proclaim our genius. Pride comes before a share price fall which is now underway.

[nickelmer] 20/2/2018 17:25

It's a shame shareholders clearly do not share the same optimism. They should have given far more detail that last announcement, instead they made it sound as if they really couldn't be bothered, maybe they will think differently when the share price hits 32 pence, or put another way 20 times forecast EPs of 1.6p for this year ending march. The management need to wake up to reality and start improving the EPs outlook or their options will be worthless.

[gerihatrick] 20/2/2018 17:16

I eventually got a response-and an apology from the FD. Overall she remained optimistic without saying anything new. They would tend to issue US and UK contracts separately but nothing really of significance

[nickelmer] 20/2/2018 13:51

Maybe they will announce the employment of a new PR team, they certainly need one

[septimus quaid] 20/2/2018 09:52

Unless there's some ad-hoc announcement, we've a bit of a wait until the finals (mid-June 2018).

However, reading through last year's finals, there ought to be a few things working their way through the system by now:

1) Integration of K2C
2) Move to OPEX pricing model
3) New contract revenues with larger value contracts
4) Capping off of loss-making contract

[gerihatrick] 16/2/2018 13:33

my concern is that the US market is 5 times the UK market and there is no mention of the US in its latest RNS. Nor is there any reference to the income from the 6 contracts. Both these would have been useful to include imo. My other thought is that they are making this announcement in anticipation of the Awards night on the 22nd where their software is up for an innovation award and to announce 6 new UK contracts might enhance its chances of winning, which ís always a feather in the cap and a good marketing tool for their product! I would do that!

I am now on my 3rd phone call to the company asking about that and still await a reply.

[spookies] 16/2/2018 13:02

Yes, sounds a bit like a company I left last year after 10 years service. Grew too big. Will hold my shares as contract wins are still coming in.

[reallyrich] 15/2/2018 07:11

yep very interesting

[septimus quaid] 15/2/2018 06:12

Whilst we wait for any meaningful news from the company, I always find employee reviews quite interesting:

[gerihatrick] 05/2/2018 17:48

my concern is that they have omitted to say anything on the US market and new contracts there. This was an opportunity to update us on that side of things as well as the UK contracts. Also no mention of revenue from any of them! Still nervous!

[azioni2] 05/2/2018 16:46

Some encouraging news at last! More please...

[zipstuck] 05/2/2018 16:35

Thay have a strong pipeline and good recurring revenue.

[rivaldo] 05/2/2018 15:39

I like this company very much, but am concerned that it has a lot of work to do to meet forecasts.

ECK made £1.9m PBT in H1, so has to make £3.1m PBT in H2 to even just meet forecasts, let alone beat them. Quite a jump. I know ECK does have a seasonal bias, but will today's news offset the investment and time delays required in the change of strategy and implementation therein?

Also, EPS has gone from 1.4p EPS to March'15 to 1.5p EPS to March'17 - that's 0.1p EPS uplift in two years, with only another 0.1p uplift to 1.6p EPS forecast to March'18.

That's 0.2p EPS uplift in 3 years.

As I say, I do like the company, but am just worried a mis-step might send the share price more significantly into reverse than it already has been.

[mazarin] 05/2/2018 13:02

I suspect other news will follow as it has been such a while since we heard anything. And so far as the 'UK's largest mobile network provider' inferred in RNS, I can only guess that this may likely be vodafone, as Partnership with BT has already been mentioned in previous RNS along with results.

[septimus quaid] 05/2/2018 09:30

Same my end, well maybe a lone green