Eckoh Share Discussion Threads

[petewy] 17/12/2019 16:26

A lot of sells today.

[mazarin] 13/12/2019 14:45

The fact that ECK appears, so far not to have been moved upwards by today's UK election result when other domestic stocks have surged so dramatically, suggests may be that its performance is now perceived more driven by what's happening across the Atlantic than this side of the 'pond'?

[petewy] 26/11/2019 13:59

Are u still negative Rab

[nickelmer] 26/11/2019 06:17

Agree with DavR0s, the chart had been forming a long term cup and handle formation which is bullish and it has broken higher with no resistance above now. That said, investors will be buying on fundamentals and in my view, the outlook is very positive, in a niche sector, a largely untapped USA market, regulation driving customers to take action, a very strong balance sheet, patented products, the opportunity for very strong organic growth, highly visible, predictable revenues and good cash generation. As USA customers renew contracts, any new business will start to feed much more quickly to the bottom line profits, thus increasing growth rates.

[davr0s] 25/11/2019 18:55

It's a technical breakout as there is no overhead supply - there is no necessary need for news to be behind this

[mazarin] 25/11/2019 16:42

Today's trade continued to push to historic highs and touched 58p on the offer with a wide spread during early trading. Something clearly must be driving this upwards movement....and still no official announcement?

[nickelmer] 22/11/2019 13:13

The "cup and handle" finally broke and off to new highs with this excellent set of results this week. Management should be feeling pleased and rightly so for having done such a great job in growing this business organically and rewarding patient shareholders. The future looks very bright in a niche sector, with patented technology, growing demand being driven by increasing regulation to control data and card fraud, the USA market size is many times larger than that of the UK and so one would hope to see this rapid growth continue.

Really really good to see

[mazarin] 22/11/2019 13:01

I can only find this article issued 3 days ago on the back of latest results, for Proctiveinvestor’s comment see:

[davr0s] 22/11/2019 10:50

Just a share breaking to an 18year high - I added (as I know others did earlier) today for that very reason. Maybe news ahead but more likely there is no overhead supply leading to the move

[petewy] 22/11/2019 10:16

Some big buys this morning. IC buy today:

[mazarin] 22/11/2019 09:16

Judging by this morning’s activity first thing, I suspect someone has got wind of some positive news. It’s not uncommon for ECK to give Contract announcements towards the end of trading week. Time will tell.

[boadicea] 19/11/2019 16:54

H1 results look fine but there is no exuberance in the H2 outlook, just expected to be "in line" for the year. I hope this is management caution in uncertain times. However, better to underpromise and leave room for a marginal outperform statement in due course.

[rabbrooks] 12/11/2019 12:52

As a long time holder it is disappointing to see a poor USA performance. Possible change of personnel there is required. The technology seems to have a major selling advantage but is not resulting in a major upward path. Maybe time to depart.

[miamigo] 30/10/2019 13:24

DavROs
Hence the wisdom in leaving some on the table.

[davr0s] 30/10/2019 08:55

Breaking out so I'm thinking of adding lol

[miamigo] 30/10/2019 08:51

I took some of mine off the table this morning. 25% profit not to be sneezed at and 50-55p has proved stubborn resistance in the past.

[septimus quaid] 30/10/2019 08:32

A little piece in this morning’s Times (basically reiterating the double digit growth)

[ratel274] 29/10/2019 13:47

Rathean raises an interesting point. A year or two ago updates were much more bullish and perhaps a little complacent about the uniqueness of the technology on offer. There seems however to have been a change in tone since the problems with the US acquisition, the UK sales hiccup and the change in accounting rules took the wind out of Eck’s sails. I suspect the board have drawn the right lessons and are leaning towards an under-promise and over-deliver approach.

[nickelmer] 29/10/2019 12:08

"Cup & Handle" formed on the chart is about to break to the upside!

[septimus quaid] 29/10/2019 10:34

Difficult to call but look at the cash in the bank (compared to all the other skank, walking dead, AIM stocks)?

+ dividend

[nickelmer] 29/10/2019 10:11

Volume buyers would suggest the City like the outlook!!

[rathean] 29/10/2019 09:11

No doubt this business is growing, but the language it uses in its announcements does not create confidence. I question the current valuation, too much ambiguity to buy at the current share price imo dyor ofc.

[septimus quaid] 25/10/2019 12:58

anyone received their dividend yet?

[mazarin] 23/10/2019 08:24

Agree entirely with the above and believe we’re overdue to hear some news any time soon.