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ECV Eco City

2.875
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Eco City Investors - ECV

Eco City Investors - ECV

Share Name Share Symbol Market Stock Type
Eco City ECV London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.875 01:00:00
Open Price Low Price High Price Close Price Previous Close
2.875
more quote information »

Top Investor Posts

Top Posts
Posted at 01/12/2015 15:26 by yidscmartist
yeah, it's heat of the moment and excitement generated by the scammers.

The scammers where in @ 1.8 1.9p 2.p and all back out as you said by 3.5p. All those who paid 3.5p and above let the con men out and now hold the burden/baby.

The novice investor doesn't stand a chance and yes...they should not be trading with real money but it's inevitable that they jump in due to the hype created.

I guess they jump in without realising how ruthless these con men are.
Posted at 16/1/2014 19:59 by maxk
Why the meter's ticking over at Tim Yeo Taxis

By John Ward January 16, 2014





Tim Yeo is being destroyed by the markets and his local Party, not by Parliament and the Law.

A Defra report in May 2013 (following testing of 10,000 London Taxis by the Environmental Research Group at Kings) showed that almost deselected MP Tim Yeo's taxis were creating MORE Nitrogen Dioxide than the older cabs he wanted to replace. With a lot of help from his equally bent chum Mayor Jobdone, however, Tim got the contract....but now things aren't turning out so well.

Over the last month, he has seen his shares in Eco City Vehicles crash by 25%. Mind you, not without reason: some major technical issues (like the failure of the rear wheel steering) have given investors the heebie-jeebies, while a good dollop of healthy free-market competition has emerged in the shape of Nissan, whose unleaded version of a London Taxi which has been approved by Transport for London, and is, at around £30k, cheaper than the Timmytaxi.



More:
Posted at 26/11/2013 12:36 by cockneyrebel
Is this the start of bid action I've been waiting for?



Eco City Vehicles PLC
("ECV" or "the Group")
Acquisition of major interest by institutional investor
Director Dealing
Eco City Vehicles PLC, the co-developer and supplier of the London licensed Mercedes Vito taxi, is pleased to announce that a blue chip institutional investor has made a major investment in ECV with the acquisition of a 15.98 per cent holding.
The stake was acquired on 25 November at a price of 1.584p per share from Peter DaCosta, Keith Marder and Michael Troullis ("the vendors"). As a result of these transactions the combined shareholding of the vendors has reduced to 34.7 per cent from 50.7 per cent.
Mr DaCosta, a non-executive director of the Group, sold 25,000,000 shares, reducing his holding to 53,887,856 shares, representing 11.5 per cent of the current issued share capital of the Group.
Mr Marder and Mr Troullis also sold 25,000,000 shares each, reducing their holdings to 53,807,532 shares and 55,001,600 shares respectively, representing 11.5 per cent and 11.7 per cent, respectively, of the current issued share capital of the Group.
These transactions have been made in compliance with the orderly marketing obligations announced at the time of ECV's placing on 7 September 2012.
Enquiries:
Posted at 28/3/2013 08:19 by phowdo
Id suggest the sellers were PIs who bought the excitement spike at 2p+ and then sold the dip. Typical AIM investor behaviour... :)

Edit: Shareprice had been sitting at 1.65p BID for a while with virtually only sells, so Id imagine Wray had his buy being worked through.
Posted at 02/1/2013 17:29 by opaldouglas
For any investors who are giving ECV the once over its worth mentioning that ECV's current percent of the London market is 7% of circa 25,000 cabs. Not to be confused with the 36% figure ECV captured last year vs the traditional black cab.

OD
Posted at 16/11/2012 20:42 by opaldouglas
It is somewhat farcical that ECV is the only supplier to the London Market. I expect sales will be looking rather tasty ;) I do however expect a buyer to be found for Manganese Bronze which will restore the our competition at some stage, this whole episode however will seriously undermine confidence further and i expect the Vito will be the new norm in the London market.

On a serious note i'm somewhat disappointed at the lack of share price action given ECV's dominance although it does appear this share is slowly registering on investors radars.

I'd expect TFL will be v reluctant to approve any vehicle which doesn't fully meet the strict criteria set, including the turning circle requirements. If they overlook the Peugeot they would no doubt have a raft of other suppliers hassling them.
Posted at 29/10/2012 07:59 by opaldouglas
From todays independent, news is slowly spreading!



"Cab seller that's really motoring

Amid the storm engulfing Manganese Bronze, the London taxi manufacturer that has gone into administration, few investors have spotted that there is another player in the market. Aim-listed Eco City Vehicles ought to be well-placed to benefit from its rival's travails.

ECV has been knocking around for 25 years, and now plies its trade supplying cabbies with the Mercedes Vito. The taxi was developed and launched by the company, but Mercedes now makes the vehicle, paying ECV royalties on each one the British company sells. Those revenues were rising even before the Manganese Bronze debacle, with ECV capturing a 37 per cent share of the market in the first seven months of the year.

The company has been attracting quiet interest – seasoned small-company investor Nigel Wray recently took a 15 per cent stake – but its stock, trading just above 2p has barely moved on the Manganese Bronze news and remains off its highs of the past 12 months. ECV has £3m of debt, though much of that is a mortgage liability, but sales could hit £28m this year, three times its current market value."
Posted at 15/10/2012 20:58 by opaldouglas
things seem to be catching on! The words healthy & Profitability always go well together ;)



"It's an ill wind that blows nobody any good, and the current tribulations of iconic London black cab maker Manganese Bronze – the shares are suspended after a product recall was announced last Friday – is encouraging investors to ask who would benefit should the company go belly-up. Allenby Capital is suggesting clients step into Eco City Vehicles (ECV), which produces the Mercedes Vito taxi, which has been steadily taking market share from Manganese Bronze's TX4. In the first 7 months of 2012 the Vito increased its share of the new London licensed taxi market to 36 per cent from 22 per cent in the prior year, Allenby notes. 'The momentum was already behind ECV in the battle for the London taxi market and with the only other competitor currently out of the market (and reputation tarnished) we would expect ECV's market share to accelerate and for the company to move into healthy profitability,' suggests Matt Butlin, head of Equities at Allenby."
Posted at 09/9/2012 19:26 by opaldouglas
Share placing has taken place at 1.5p, although this at a discount to current share price new & current investors have obviously been happy to stump up the cash which certainly bodes well for the future and should draw a line under the current share price. Additionally ECV has been short of cash for some time so this should provide some much needed rest bite!

Peter DaCosta is to assume a non executive director role - looks like he will be responsible for sourcing and assessing new opportunities, no doubt this will go hand in hand with the companies next phase of development.

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