Ecsc Share Discussion Threads

[maddox] 07/7/2023 09:17

Money in at X-O (Jarvis)

Good luck with your new investments.

It's been fun,

Regards Maddox

[maddox] 06/7/2023 07:26

Nop still waiting - they appear to be dragging it out - all formalities have been completed.

[bdbd11] 05/7/2023 15:00

Has anyone been paid yet? i'm still waiting

[maddox] 26/6/2023 08:45

rns 22 June 2023

'Settlement

Under the terms of the Scheme, Scheme Shareholders on the register of members of ECSC at the Scheme Record Time, being 6.00 p.m. on 21 June 2023, are entitled to receive 54.02 pence in cash for every Scheme Share held. Cheques will be dispatched to Scheme Shareholders holding Scheme Shares in certificated form and the CREST accounts of Scheme Shareholders holding Scheme Shares in uncertificated form will be credited within 14 days of today's date.'

[private38] 03/4/2023 08:03

Sad to see this go but the sector is painfully competitive with the likes of Arctic Wolf etc ripping through the market destroying any pricing power due to their massive marketing and sales budgets and "win the client at any cost attitude" these super niche players like ECSC have an increasingly tough row to hoe. Scale or sell are probably the only two options with the former being high risk. The consolidation of this sector is happening and I expect the likes of Falanx to follow. Darwinian.

[cerrito] 02/4/2023 21:56

At this stage, subject to the approval and availability of the Court (which is subject to change), Daisy and ECSC expect the Scheme to become Effective at the beginning of June 2023.

[squintyflinty1] 02/4/2023 16:41

When is this takeover taking place. Any dates?

[harlowdavood] 01/4/2023 05:07

Was wondering why the final results for 2023 had not been fully released yet.

[yump] 31/3/2023 19:26

Wow ! Yes take the loss from here and lose the rest on Falanx, who equally have failed in what is supposed to be a growth market.

There aren’t half some idiots/conmen around.

[cerrito] 31/3/2023 14:41

The reality is that given the NCC news today and the performance of my other cyber security holding CCS we should not count on a higher offer and be glad that we have got this.
I will take a loss as my in price is 63 but could have been worse.

[ali47fish] 31/3/2023 13:46

so what is the verdict any chance of a better bid- why have the director accepted such a derisory price

[2lb] 31/3/2023 13:16

For context

Floated in 2016 , seven years ago, under the following parameters

"The Company is proposing to raise approximately £5.0 million (before expenses) through a placing by Stockdale of 2,994,011 New Shares at a price of 167 pence per share. In addition, 519,174 Sale Shares held by the Selling Shareholders will be sold at the Placing Price."

Initial £15m MCAP and £5m cash in the bank on admission.

Seven years later it is sold for £5m cash having failed to do anything in the interim seven years other than burn through shareholder cash and pay its directors nicely.

Nice £167k bonus for offloading it at a 67% discount to placing MCAP for the CEO.

All in a market and sector that has boomed over the same time period.

An AIM classic of director reward for failure.

[wololol] 31/3/2023 12:54

Take a look at Falanx so undervalued

[chrisdgb] 31/3/2023 12:53

Wow…..highlights some of the undervalued micro caps….let us hope wcw next….

[gb904150] 31/3/2023 12:20

Disappointing for long term holders but for those who very recently joined - quite a good t/o offer. I'll be voting for.

[jane deer] 31/3/2023 12:05

A bit of a coincidence that this deal announced on the same day as Shearwater and NCC announce profit warnings.

[jane doe1] 31/3/2023 11:59

He's done nothing, no chance of becoming profitable so they sold out at a cheap price

[2lb] 31/3/2023 11:35

£5m , bit of a sad end really to think that's all it was worth after all these years........

[lefrene] 31/3/2023 11:25

Looks like Mr Briggs has done his job? 54p

[babbler] 31/3/2023 11:18

Takeover offer

[chrisdgb] 21/3/2023 11:59

Let us hope he can deliver on some of these new partners......

[2lb] 21/3/2023 09:09

Notice of results was 23rd Feb last year.

[ali47fish] 20/3/2023 16:03

on 23d march last year

[chrisdgb] 20/3/2023 14:34

Results soon I guess, hopefully give investors a decent steer for the future....