Ecsc Share Discussion Threads

[johnyee 7] 12/3/2017 20:28

Yes just found it.

[nurdin] 12/3/2017 20:11

Yes Albany is right...brokers forecast pretax loss of £2m this year on revenues of £6m

[johnyee 7] 12/3/2017 19:13

Where does it say loss albany.

[albanyvillas] 12/3/2017 17:45

A nasty £2m LOSS forecast this year

[ganthorpe] 07/1/2017 09:09

Unicorn VCT seem to have mopped up half of the shares placed on the Market as they now have 17% against the one third placed.
Intriguing?

[timbo003] 24/12/2016 09:47

I was fortunate enough to pick up a few in the IPO at 167p, they are eligible for EIS tax breaks so effective purchase price is around 106p/share and they are a 3 year hold for me.

I was scaled back to 66.4% from my original application, so I wish I had applied for more. C'est la vie!

[pj 1] 22/12/2016 17:56

Having an initial look here. (no position)

A little baffled as the Co refer to ''proven organic growth'' to date.

However with Revs of 2013 £2.19m, 2014 £2.37m, 2015 £2.65m I wouldn't call 10% Rev growth strong? Any comments? Cheers PJ

[euclid5] 19/12/2016 20:45

Profit before tax showing as £278,531 as at 9 months ended 30 June 206 audited
see pg 40 of the Admission Doc...thanks for the link

This part is very interesting pn pg 15 - will co's be forced to comply with EU regs to implement a cyber security system in place in their co to aviod fines!

New legislation under consideration by the Information Commissioner’s Office in
response to the planned coming into force in 2018 of the GDPR, an EU directive
intended to harmonise data protection regulations throughout the EU and to strengthen the enforcement regime, will make breach reporting mandatory and provide for fines up to 4% of global turnover or up to e20 million (whichever is the greater) for cases of serious non-compliance. A House of Commons Select Committee Report dated June 2016 made numerous other recommendations as regards the strengthening of the legal requirements for companies in terms of preventing and responding to cyber security breaches

hxxps://investor.ecsc.co.uk/downloads/ECSC_AdmissionDocument.pdf

[johnyee 7] 19/12/2016 11:36

The Company has a growing market presence and has a long track record of being a
profitable, cash generative and financially stable business, with revenues of £2.7 million for
the year ended 30 September 2015, and gross profit of £2.2 million for that year

[johnyee 7] 19/12/2016 11:32

Finally found admission document for you.

[tomps2] 16/12/2016 10:09

Anyone found the admissions document? It seems it's only available in person at Freeths LLP.

Otherwise, only documents I can find are on ECSC website (investors):

Admission to Trading on AIM and First Day of Dealings 14.12.16

Intention to Float 5.12.16

Both documents are essentially the same.

So very little detail on the business model.

Seems a bit strange.

[montyhedge] 16/12/2016 08:40

What's the net profit?

[tanneg] 16/12/2016 08:00

Monty

"The Company has a growing market presence and has a long track record of being a profitable, cash generative and financially stable business, with revenues of £2.7 million and gross profit of £2.2 million for the year ended 30 September 2015".

[tanneg] 16/12/2016 07:51

Shareholders as follows :-

The Company is aware of the following persons (excluding Directors, who are set out further below) who will, immediately following Admission, hold, directly or indirectly, 3% or more of the Company's issued ordinary share capital.

Name

Number of Ordinary Shares immediately following Admission

Percentage of Enlarged Share Capital (%)

Unicorn AIM VCT plc 1,526,946 17.0
Artemis Investment Management LLP 508,983 5.7
Phil Mclear 472,290 5.3
Hargreave Hale Limited 407,186 4.5
Malcolm Hoare 300,300 3.3
John Leach 283,920 3.2

Directors' Shareholdings

Name

Number of Ordinary Shares immediately following Admission

Percentage of Enlarged Share Capital (%)

Ian Mann* 1,698,690 18.9
Lucy Sharp 230,419 2.6
Keith Kelly 20,068 0.2
Nigel Payne 29,940 0.3
David Mathewson - -
Stephen Vaughan 29,940 0.3
* Ian Mann is married to Ravinder Mann. Ravinder Mann holds 1,719,068 Ordinary Shares representing 19.1% of the Enlarged Share Capital.

[montyhedge] 16/12/2016 07:35

Getting ahead of itself, market cap a crazy £20m. Are they making money?

[bb123] 15/12/2016 23:34

Thanks for posting on ECSC. Please can you help? Do you have details of large share holders and the management team? How can you get a copy of the last annual report?
Cheers

[kaka47] 15/12/2016 14:25

Falanx (FLX)M/Cap less then £10 million debt free going cash flow positive 2017 operating in a hot cyber security sector....Almost £1 million contracts announced today and 3rd Qtr hasn't even ended yet

[tanneg] 15/12/2016 10:17

Good timing with my purchase yesterday at £1.94 following Yahoo's announcement today!

[johnyee 7] 14/12/2016 11:15

Wed, 14th Dec 2016 08:58

LONDON (Alliance News) - Cyber security firm ECSC Group PLC saw its shares surge by a fifth as it began life as a listed company on London's AIM market on Wednesday.

Bradford, West Yorkshire-based ECSC announced its IPO plans in November. It is provides incident response, cyber security reviews, technical penetration testing and managed services and counts lender Barclays and UK intelligence service GCHQ among its customers.

The firm has raised GBP5.0 million by issuing 3.0 million shares at 167.00 pence per share and had a market capitalisation of GBP15.0 million upon admission.

In early trade, shares in the firm were up to 200.00p, 20% higher than the float price.

"The listing will expedite the execution of our detailed growth strategy and take the company to the next phase as we look to build on our existing blue-chip client base and our proven organic growth to date," said Ian Mann, ECSC's chief executive.

"The listing will also enhance ECSC's profile and further enhance our credibility with potential clients and employees and will provide access to the UK equity markets to support future growth," Mann added.