Eco Buildings Share Discussion Threads

[echoridge] 08/2/2024 08:45

It's a very unfortunate price relative to the RTO price obviously, but otherwise this is a pretty/very positive update in my view. Dilution is still relatively modest and the investor group is very high quality; ie., all are existing shareholders including the big one from Albani, a co-founder and non-exec, likely none of whom are going to be looking to sell anytime soon as they are all long-term, knowledgable shareholders who believe in the massive long-term story and are thus looking for many multiples of 12p. So no overhang....meantime, Albania contracts re-confirmed as active and about to be delivered into within Q1 - which is a reassuring reconfirmation of earlier guidance, btw - while the RNS also makes direct reference to some of the funds being earmarked for growth in NEW geographic regions, which many are interpreting as a massive identified opportunity in South America. The latter may be the best news of all, frankly.

[pugugly] 08/2/2024 08:29

So post raise 76,961,747 Shares
At £0.12000
Market Cap say £9,235,410

Value ????

Must be one of the quietest threads - Any views positive or negative.

[pugugly] 01/2/2024 15:24

krmche - Is that comment a RED flag or a GREEN flag??!!

[kemche] 01/2/2024 14:44

Another ZED in the making.

GLA LTHers!

[pugugly] 01/2/2024 14:13

Market cap over by some £40 million - Advfn have failed to take accout of the consolidation.

See rns of Eco Buildings Group PLC Interim Results (5907Q)
19/10/2023 7:00am
UK Regulatory (RNS & others)

The Share Reorganisation resulted in the Company having 8,232,857 New Ordinary Shares and 8,232,857 New Deferred Shares being in issue immediately following the Share Reorganisation.

So real minnow and with significant management changes for reason.

[gnnmartin] 01/2/2024 12:44

I'd love to believe it, but long experience has told me that when a share price moves so resolutely in the opposite direction to the apparent prospects of the company, the prospects prove illusory.

If I was feeling rich, I'd buy a few, but sadly I'm not. There are so many companies of the type I back who are valued at next to nothing, and sadly I expect most of them will eventually fail.

[kemche] 01/2/2024 12:17

Classic treeshake before the houses start being delivered.

[kemche] 23/1/2024 14:18

Donald Oag Nicolson

From ZED!!! What next? Nick Tulloch from CHLL??

[kemche] 23/1/2024 14:11

Dismissal of Dominic Redfern

The Company confirms the immediate dismissal of Dominic Redfern, Executive Vice Chairman, for cause. This decision aligns with our commitment to upholding the highest standards of conduct within our organisation.

[kemche] 08/1/2024 13:46

Another BRSD? Or CHLL?

[kemche] 06/1/2024 10:47

Classic treeshake.

[echoridge] 31/12/2023 09:06

And again harold, your opinion doesn't matter, at least in this case. The production of a 'first wall' is OBJECTIVELY a very significant event for an engineering company of this type. We know that because - simply put - the news was released in an RNS, and a full one at that, NOT an 'RNS Reach', a designation created by AIM to allow public companies to use the power of the RNS system to announce less important business developments. Those decisions - ie, whether something is RNS-worthy in the first place and then whether it should be a full RNS or just a 'Reach' - is ultimately made by a third party, the NOMAD, and they tend to take that job very seriously as the AIM rules on disclosures are quite strict. In fact, as a result of the fact that it was released as a full RNS, not only do we know that 'first wall' is a very material event for the Company, but also that it HAD to be released because the expert advisor paid to make that decision insisted. (In that sense harold, not only is your opinion on the matter irrelevant, but the Company's is as well. The NOMAD would have compelled it anyway!). As for your question regarding wall production that follows once 'first wall' is achieved, it's kind of a 'question asked and answered' situation. The computer-controlled machinery used in the production of something like our housing panels/walls is highly precise, but the line must be balanced and tested until it produces output which is deemed to be 'perfect' according to ECOB's specifications (ie., well within recognised error boundaries). At that point, the Company can be statistically certain that all subsequent production (ie., your '25, 26, 27' reference) will be likewise 'perfect'. That is the very essence of why 'first wall' is such a big deal and obviously a required RNS. No other 'opinions' required.

[haroldthegreat] 31/12/2023 00:12

How do you know number 25 ,26,27 will be perfect ? Better to have made 500 and release the statement IMHO .

[echoridge] 30/12/2023 23:58

You can believe what you like but that doesn't make it relevant. This is a batch production business where producing a perfect first wall that can then be replicated in volume is a significant achievement and thus worthy of recognition.

[haroldthegreat] 30/12/2023 23:36

Having been used to having to read RNS from Fox Marble, since the company was floated when I invested , that were not worth the fee they paid to release them I assumed the latest one was of a similar nature .

I still think releasing a single panel being made was wrong !( okay only 1!).
Having looked at the pedigree of the company ( Gulf Walls System a subsidiary of NIT Germany GmbHI ) think there might be a case for following the company to see if they actually start to make a profit going forward .
That would be a first for FOX Marble .
The turnover at Fox Marble was similar to any London newsagent and most newsagents make a profit .
I was going to put a ! but will refrain in future .

[echoridge] 30/12/2023 19:48

This is a brand new engineering-driven company which just finished transporting large, complicated machinery from the Middle East to Albania which needed to be re-assembled, upgraded, the production line balanced, some new workers trained, and everything then needed to be done to ensure they could produce a perfect wall-panel every time. Getting to this point therefore is a very big deal indeed, and the RNS announcing the 'first wall' was a major milestone and completely appropriate. And when this is followed - likely in late January - by the first full buildings shipments into the Company's 2 construction contracts, that will constitute another major RNS announcement as well. (Editor's note: try a lighter touch on the exclamation point key in future. Using five of them when you're making a point about something you clearly don't fully understand diminishes the impact even further, obviously the complete opposite of what you're trying to achieve).

[haroldthegreat] 29/12/2023 16:05

Why does share prophets state no concerns ???? It should be concerned that a RNS was issued over one wall !!!!! If it was the first shipment had been made as part of a £10 million order and will arrive on site for assembly within 2 months that would have been justified but 1 wall ????

[haroldthegreat] 29/12/2023 16:03

london south east quotes m cap
Currency GBX
Issue Country GB
Shares in Issue 70.07m
Market Capitalisation £9.46m

[haroldthegreat] 29/12/2023 15:56

Is the market cap really £56 million as stated above in the data panel?? Or is it quoted in staples ?

[haroldthegreat] 29/12/2023 15:53

It must relate to the rns re the wall . Fox used to make equally interesting RNS's . Like they attended a trade show .

They said one wall which was a great reason for a RNS . Perhaps they had a recount by the total board and the accountants for the company and the company secretary , they might have found there was an error . It should have been 10 , 1000 , 100,000 or one million ,take your pick .

They will appoint the janitor to do the next wall count . He was able to show he could count the total number of fingers on each hand .

Now my holding will buy one staple used to make that single wall .

Look on the bright side . You could have purchased more shares !!!

[gnnmartin] 28/12/2023 20:52

echoridge re:post 37. Yes, I do now see. :-(

[echoridge] 28/12/2023 20:05

I tell you what, effortless. I know you won't take it bc with people like you, it's all about the smear, innuendo and slurs, rather than logic and showing your work, but I'll give you an off-ramp: Let's forget all of the nonsense and contradictions you've offered thus far and try and start fresh: ECOB have announced Redfern is suspended subject to an investigation. In a situation such as this, we know FCA rules would direct the NOMAD to compel the company to disclose any and all material impacts the suspension may have on the Company's performance so since nothing else was in fact disclosed, my informed assumption is that it has something to do with Redfern's personal misconduct. You obviously disagree so why don't you have a crack at sharing exactly why and offer instead a credible, alternative explanation? Or do you want to continue to argue a red herring like the meaning of the word 'personal'?

[echoridge] 28/12/2023 19:46

Took me 5 whole minutes.... None of the executives that I could see that were suspended - and then fired - were accused of financial malfeasance that affected the companies themselves. Very unpleasant situations for sure, but the main point remains that their suspension and eventual punishment were for PERSONAL misbehaviour that was NOT in any way an indication of problems at the companies themselves, which is all that is at issue here. effortless clearly wishes to impugn ECOB for what is very likely Redfern's PERSONAL, ethical breaches and there is simply no evidence for anything more than that.

[effortless cool] 28/12/2023 19:03

echoridge,

You long ago demonstrated your level of understanding through your regular defence of the indefensible here. You are either an idiot or a concert party (or both).

You have failed to provide one single example of a director getting suspended for personal reasons. The examples that you do provide relate to directors breaking company rules. Those are not 'personal reasons'.

It should be easy for you to provide a link to at least one RNS since you claim this happens "all the time". I am confident you will not find another RNS like this one.