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ECK Eckoh Plc

0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eckoh Plc LSE:ECK London Ordinary Share GB0033359141 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 42.00 41.00 43.00 42.50 42.00 42.00 742,264 13:35:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 38.82M 4.64M 0.0160 26.25 121.98M
Eckoh Plc is listed in the Communications Services sector of the London Stock Exchange with ticker ECK. The last closing price for Eckoh was 42p. Over the last year, Eckoh shares have traded in a share price range of 32.50p to 45.50p.

Eckoh currently has 290,439,014 shares in issue. The market capitalisation of Eckoh is £121.98 million. Eckoh has a price to earnings ratio (PE ratio) of 26.25.

Eckoh Share Discussion Threads

Showing 8426 to 8448 of 8625 messages
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The share price is suffering as a result of lack of (good) news with the normal time for an update having passed. I have two other holdings unhappily showing the same effect.
Perahaps the digital/e-commerce boost of past months has run its course for the time being.
In contrast, some tecnical hardware companies which are generally on much lower ratings have been showing revived interest.

Double agree,

The share price built itself up over the middle of the year and probably got ahead of itself with a temporary decline setting in during early May 21.

A recovery was then staged up to the release of the full year results on 15/06/21 (presumably in the expectation of something sparkling). However, these results were, for want of a better word, "lame".

I was thinking that, as a mainly IT based business model, ECK would have "thrived" under Covid.

Anyway, as above, lets see what next week's update brings?

Otherwise, the interims should be out late November

septimus quaid
Agree with Boadicea, the market seems to be starting to value Eck as a company with no growth, however, the company did state that growth would return in the following year so let's hope an update is a positive one that shows a faster return to growth.
This has become one of the laggards in my portfolio in recent times. The market has decided (correctly on current evidence) that its premium growth rating was unwarranted.

An update should be expected in the next week (25th or 26th). On the basis of their comments at mid year, previous expectations ought to be exceeded - Why? - because the economic recovery they forecast to provide an improvement for next year has arrived faster than their apparent assumptions.

In the circumstances one would expect them to be able to upgrade their flat forecast for the current year to March '22. It might arrest the share price decline if they can.

If you read the recent RNS's one long term investing institution has reduced its holding whilst another has increased its stake
I am still holding and considering buying.. It does appear however that a major investor has reduced their holding significantly which is worrying. It might take a RNS from the company to spike up the price. Let's hope it is optimistic.
I have not rated ECK as a buy (purely personally) for some time as progress and margins have been unexciting. It is encouraging to see that Lion Trust have chosen to add to an already substantial holding and would be interesting to know their reasons which will no doubt be medium to long term. At least it confirms my decision to hold.
If the price continues to be flat then the chances of an opportunistic bid certainly increase. Buying in the next 12 months
would be good timing ahead of the rapid growth that the company
forecasts for next year, they also have a strong cash position to
help any would-be buyer. Possibly a larger company in the USA looking
to add to their portfolio in a niche area.

I wish someone would get on with it and make a takeover bid
septimus quaid
ECK is worrying most investors it would appear. Should we be really ,really worried?
Indeed, there was a weird, low-ball trade went through near COP yesterday which had the effect of depressing the baseline for today's opening (i.e. exaggerating today's increase):

03/06/21 16:08 64.2 200 128

septimus quaid
Results are due within a week or so. Possibly some punters taking out options, or perhaps something's leaking.
Best to take querky auction results on thinly traded stocks with a pinch of salt and anything outside market hours. Set your monitor to mid-price and follow that imho.

Anyone any idea what’s going on here? Strange moves yesterday and this morning. Tiny volumes.
(Sharecast News) - Analysts at Canaccord Genuity raised their target price on software and services firm Eckoh from 75.0p to 88.0p on Wednesday, stating the group was "well-positioned" for the 2022 trading year and beyond.
Canaccord said Eckoh had posted revenues in line with market expectations and adjusted underlying earnings "slightly" above the prior, meaning that second-half revenues had increased a low-single-digit percentage and adjusted EBIT was flat.

The Canadian bank views this as "an impressive performance" considering the second half of the prior year was "essentially pre-Covid-19".

Canaccord noted that Eckoh's statement also outlined 2022 full-year guidance for revenue and profit to be comparable with 2021 before "material year-on-year revenue and profit growth" in the 2023 trading year, leading the analysts to reinstate their forecasts for 2022 and 2023 and remain with their 'buy' recommendation.

"Our new target of 88.0p reflects a premium of 15-20% on an EV/sales valuation (annualised to December 2022) vs the UK IT sector (at 5.5x). We believe Eckoh shares should trade at this premium since the non-Covid-19 sales growth and profit margin are both above the sector average," said the analysts.

septimus quaid
I don't disagree with that. It's just that you never know when the market will focus on their market leading position in a rapidly growing market and decide to value it according to where it will be in 2-3 years rather than where it is now.
Cheers WJ, I understand all that and agree that ECK is a good quality company and has a lot of potential.

I just don't see much upside for 2021 at least - particularly given the stated stagnation for this year - as I consider the valuation to be too high for the business as it currently stands. Of course if there are some further large contract wins then sentiment will likely take the share price on, but without these imho the share price may drift for some time.

A bit harsh rivaldo. It's a combination of several factors which are masking the underlying progress.

1. Pandemic meant they've lost a year's progress due to delays in signing new business, particularly in H1. Recurring revenue nature and onboarding time of new contracts means they won't see the benefit of what they have signed for 6 months so the second half of this next financial year.

2. Withdrawal from US support business to transition to Secure Payments masks the growth in the latter. $ weakness also a headwind.

3. Transition from on premise secure payment installations (with upfront revenues) to more cloud based installations (less upfront revenues but more recurring revenues).

4. UK revenues linked to transactional volumes (congestion charge etc.) which were hit last year and will take a while to recover this year.

They are the market leader in contact centre secure payment protection with only two competitors. PCI-PAL is valued at 17x revenues and will be loss making for the next 2 years. Eckoh's US revenues are likely to more than double over the next 3-4 years to $30mm ARR. Value that at 8x and the UK business is thrown in for free, as is any rest of world expansion through the channel partner network they're now investing in.

And that's ignoring any takeover interest from the US.

ECK made 1.08p EPS to March 2018. They're now forecast to make 1.4p EPS to March 2022. That's a pretty poor 30% growth in four years for what's supposed to be a high growth company on a huge premium rating.

Even allowing for 1.8p EPS in the year to March 2023 - almost two years away - the P/E at 77.5p will still be 43.

The cash is 6% of the m/cap, and they have decent recurring income and good prospects in the USA, but that hasn't stopped them stagnating for some time now even given the pandemic.

The share price just seems far too high imo. But then that's always been the way with ECK, so WTFDIK?!!

I like the company and its prospects, but simply cannot see material upside from these levels, at least not for some time yet. Cue huge contract wins :o))

With no growth in FY 21 and FY22 and relying on no 3dr wave of Covid for 23 reduced to long term hold in pricey market
there seems to be consistent trades at the 80p mark this morning
septimus quaid
I started this thread in 2013 when I bought back in at around 24p, although I have been in and out since 2004. So I have developed a something of 'a feel' about its progress over many years of holding. Starting this year at 64p, ECK has so far has had a promising run, closing today at 79p, powered by recent announcements of Cloud based payment security systems that have resulted in securing sizeable Contract wins in the US. ECK's always been driven by News of Contract wins and usually retraces when BoD go quiet. This time is different as ECK has largely hung on to its gains. This suggests to me something is happening behind the scenes.
This stock is going places possibly to the moon lol
Increased my position here today. Quarterly triangle at 90p
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