Eckoh Share Discussion Threads

[earwacks] 12/3/2024 10:18

Eckoh is a classic example of how weak the market is in the uk. There are many very fit uk companies that the market has been unable to recognise. This is another one bound to get picked off sooner or later. The eps growth is phenomenal now. If it falls back again before the results, june I think, (eoy march 31st) which it inevitably will, I will definitely be up for more. Imagine the numbers by then! Gl

[nickelmer] 12/3/2024 08:11

I think this announcement may be much bigger than many may think, Ring Central are NYSE listed with turnover in the billions a great partner and perhaps a potential future buyer of ECK???

[earwacks] 12/3/2024 07:34

Another big contract won to add to the many this year as indicated in the last update. I suppose we will Get an upgrade end of full year

[earwacks] 20/2/2024 17:04

Vox market latest interview between artemis and Paul Hill is quite ridiculous. Paul starts with ‘I thought call centres are going out of date.’ Would have expected better from a finance journalist specialising in small caps. Eckoh is at the forefront of the changing world in secure digital payments. It has grabbed the major part of the USA market being larger than all its combined competitors. the Fund manager ‘we only have a small position’ seems equally clueless. Really would you seriously invest with most of these fund managers who seem to posses an IQ that is barely measurable. If Paul Hill doesnt get it no wonder the share price has been languishing.again some massive trades going through without effecting the share price Maybe broker to broker faffing about. This year will be momentous

[boadicea] 06/2/2024 11:33

Good to se ECK performing better, at last. I have held it since 2009 and had built up a significant (for me) holding by 2018. However it looked distinctly frothy in 2020-21 so I substantially reduced, returning last autumn as it seemed to have stabilised. The current rise with the prospect of further recovery to follow puts it back in my significant holdings list.

Good luck to other followers.

[earwacks] 06/2/2024 10:12

Good of them to drop this news a bit earlier than I expected. Looks like the year end in April will further rerate this stock and who knows by September. This is such a much stronger, bigger company than when the shares hit 80p. Clearly they really peed off the market at that time hence the ridiculously lack lustre reaction to block buster news. No comments from Vox markets or stockopedia, which seems pretty inept to me. So just have to continue to be patient. One of the few bright spots in a decidedly nervy market

[nickelmer] 06/2/2024 08:16

WoW, I have for a considerable period, been very frustrated and complained about management's lack of communication when it was fairly clear from google searches that contracts were being won. However, what an excellent progress report, outstanding performance and what looks like big future potential from broker comments. Well done to the management team, please just keep the newsflow regular and positive.

[hutchmeister] 06/2/2024 07:32

How's todays new business update ?

[nickelmer] 16/1/2024 12:37

My point was that they never put out any news, Screwfix deal being a classic case in point, even it was not a huge deal, it was a contract win. Small investors get bored when no news prevails, sell up and move on, and so the shares drift ever lower. Management needs to wake up and make the business more visible especially if they are making genuinely good progress

[earwacks] 16/1/2024 12:19

They have taken their time to get things sorted. 90 percent of their business will be in the much larger USA market. Stellar Management say the takeover there has put them in a strong position. Their secure payment seems to have the edge over other competition and their share of market is bigger than the combined competition. April should see things move on a pace. Funny that their first bit of news in a while should be about the screw fix contract. Should be much bigger deals going down in the states. I think his main concern is this being taken out too soon before it achieves its full potential. Gl

[nickelmer] 15/1/2024 12:43

https://totaltele.com/eckoh-secures-screwfix-contact-centre-payments/

[nickelmer] 15/1/2024 12:43

That's interesting to hear, hopefully you will be proved correct. Here is a classic example of how bad their PR is, a Google search reveals they have won a contract with Screwfix, yet no announcement, eckoh need to up their game and sack their PR department, they are awful, no wonder the shares languish

[earwacks] 14/1/2024 08:49

Agreed the management score nill point in the charm department. However Harwood took a healthy interest here in the autumn at 5 per cent and Stellar Asset manager talked them up in an interview with Paul Hill last week. Frankly they were the pick of the bunch in that review of holdings along with EKF. If the stars align we should head back to a previous high when they were a far lesser company. Gl

[nickelmer] 22/12/2023 08:47

Agreed, school report shows

Profit Growth - Shows potential


PR - SERIOUS FAILURE

[rabbrooks] 21/12/2023 17:21

It would be wonderful if the company made even a small gesture to shareholders that there is some semblance of life in Eck. It maybe some competitor can pick it up ,brush it down and let us get out with a better return than what is on offer at present. Eck should realise it is not a private company. Exam results this year should show FAILED.

[rabbrooks] 23/11/2023 16:09

I contacted head office on the last trading day of this year. I was unable to obtain a reply as the telephonist said there were no staff working in the office in what i would have thought impossible on E O Y. She explained that W.F.H. was the method of operation at ECK.

[nickelmer] 21/11/2023 17:49

One final thought, £7.3M in cash, why not start some share buybacks instead of wasting money on expensive acquisitions at 54p per share!

[nickelmer] 21/11/2023 17:47

I sold a big chunk of these in the mid-sixties, they were ridiculously overvalued at that price. They are in danger of becoming undervalued if things continue as they are. The biggest issue I have with ECK is that they are quite possibly the worst plc when it comes to PR, no news on contract wins (when clearly they are getting some) only the bare minimum updates and so quite rightly shareholders sell up and move on and why not with no information coming out other than twice yearly results. They need to win, and announce some decent-sized new contracts in the 2nd half because otherwise, it will be the same slow fall in price as shareholders lose patience, worry over lack of information, so sell up and move on, take a look at their competition PCiPal despite being much smaller they make news announcements all the time, keeping shareholders engaged and encouraged, maybe they should headhunt pcipal's PR team

[boadicea] 21/11/2023 16:25

The first significant trade of the day was a 208k dump at 8:24, reported late, after which all, or at least most, trades except for line 22 (40k @ 34p) are probably buys. On this basis the mm has managed to roughly level his book. Some punters may have picked a bargain at around 35/36p and we will probably return to quiet trading around the current level (~ 37p) until something moves the general market or we get a news-break.

[boadicea] 21/11/2023 11:31

While the narrative sounds optimistic the figures look very flat. Revenue on a six-month progression has fallen by £0.4m for the last two half-years which on a straight line projection would lead to (18.8 + 18.4m) = £37.2m for the full current year. Broker expectations appear to be for ~£39m so H224 will require something of a trend reversal which the company predict should be met. Inflation may help towards the numerical target and disguise any real shortfall.
To be fair, logical explanations are given for the revenue dip but in its current mood the market may well be skeptical and the share price could suffer accordingly.
[ed: Typos in 2nd sentence corrected.]

[septimus quaid] 04/11/2023 10:05

Cash in the bank and no debt, interest rates rising, good news?

[nickelmer] 01/11/2023 09:06

So continued growth and Eckoh are now sat on over £7 million in cash, if the USA opportunity is as the directors suggest, organic growth is undoubtedly the sensible route, with no more wasted acquisitions that always depress the share price. That would seem to leave the door open to some form of raised dividend or share buybacks to improve shareholder value, IMHO