Ecsc Share Discussion Threads

[maddox] 31/1/2020 09:54

...... and deservedly so. We've been using ECSC for several years and they have provided an excellent service.

[jsforum] 30/1/2020 22:46

They win it every year

[johnv] 28/1/2020 11:04

Wins excellence award and we go down 7%.

[harlowdavood] 23/1/2020 16:59

Might have seen the best of this stock now for a while. Press release today is really struggling to publish good news. If you look back to where Mann expected to be at float they are performing really poorly. Perhaps new blood needed at the top, get a new plan, raise more equity, and go again. Likely as not they will think they are doing everything right and will plod on as they are. The EBITDA profit is less than Mann's salary as per last year's accounts. Sort of puts the performance into perspective a little.

[cerrito] 23/1/2020 09:21

Good results with record revenue in H2 and cash generating as well as the adjusted ebitda profit.
That said rather fell short of the optimism that Mann has been exuding and I note revenue did not meet the Allenby forecast made in September of £6.1m. Remember in both March and June Allenby had forecast £6.5m in revenue. Adjusted ebitda appears broadly in line with what Allenby have been forecasting throughout 2019.
I am not surprised to see the fall back in the share price this morning as I think it got ahead of itself in the last few weeks.

[nw99] 23/1/2020 09:16

Year-end cash balance of GBP0.35m

[stevevcjp] 13/1/2020 19:46

Got back into this at 95p. They always had great potential, now they are finally fulfilling it. Brilliant (this used to be 500p I think !)

[trickymatters] 13/1/2020 16:14

Full year results for 2019 are due at the end of January. ECSC frequently advise the market of their new contract wins. Nothing unusual about it. Useful to note that contracts are being renewed too. There's plenty of competition in this industry after all. All good in my view.

[cerrito] 09/1/2020 10:41

While as a holder I am delighted with the share price increase, like you jane deer and owenski I did query the mix of new business and renewals and given that managed service revenue was £1.2m in the first half of 2019 how much these multi year contracts will move the dial.

[owenski] 09/1/2020 10:07

If it starts to pull a load of these in, then good news, but on it's own it's a mix of new and renewal and some running at 3 years which makes that possibly only 250k a year, not a stunning amount.

[jane deer] 09/1/2020 09:56

Impressive number of new contracts announced - and with the Travelex saga - this can only make more UK companies rethink their cyber security strategy.

Sorry to be grumpy but it does annoy me when a company mixes together new contract wins and contract renewals into one announcement, especially with a company like ECSC, which has low churn among its managed services clients. Contract renewal (while clearly reassuring) should not be “news”. - and so makes the £750k figure very difficult to interpret.

Similarly, it is not clear why this announcement has been made. Presumably, it is not because any one single contract is large enough to announce - because all the contracts seem to have been signed in 2019. So it seems more like a trading update - but then company should do a full trading update.

[bb123] 09/1/2020 08:36

ECSC announce five major contract wins details below

MANAGED SERVICES & CONSULTING MAJOR CONTRACT WINS
Thu 09 Jan 2020 07:00
RNS Number : 2185Z
ECSC Group PLC
09 January 2020

9 January 2020





ECSC Group plc
("ECSC" or the "Company" or the "Group")

Managed Services and Consulting Major Contract Wins



ECSC (AIM: ECSC), the provider of cyber security services, is pleased to announce five major contract wins across a range of sectors, with a combined revenue value in excess of £750,000. This revenue will be recognised throughout the duration of the contracts which vary between one and three years.

The largest contract is to provide 24/7/365 cyber security monitoring and breach detection, following ECSC's response to a major security incident within a chemical company. The managed solution utilises ECSC's proprietary Kepler Artificial Intelligence, managed from the Group Security Operations Centres in the UK and Australia.

Also using the same Kepler Artificial Intelligence technology, the next three contracts represent a two year renewal from a household name in the retail sector, a new three year contract with an IT services company, and a one year contract extension with a financial services organisation.

The final contract is a cyber security testing programme for a new client providing mobile payment solutions.

Ian Mann, Chief Executive Officer of ECSC, commented:

"We are pleased to end the year on such a positive note with a number of major contract wins across a range of sectors. Following the new 2019 GDPR fines, clients are increasingly recognising the need for cyber security services. Our strategy of winning consultancy clients, and developing them into long-term recurring managed services clients continues to be effective."



Enquiries:

ECSC Group plc
David Mathewson, Non-Executive Chairman
Ian Mann, Chief Executive Officer
Clare Macdonald (Press and Investor Enquiries)

[phone]

Allenby Capital (Nominated Adviser and Broker)
David Hart
Nicholas Chambers

[phone]

For more information please visit the following: hxxps://investor.ecsc.co.uk/


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

[nw99] 09/1/2020 08:24

Scsw amazing stock pick again

[montynj] 09/1/2020 08:03

Fantastic RNS.

[nw99] 02/1/2020 14:53

Already holding great company

[albanyvillas] 02/1/2020 14:41

Biught some LUCE breaking out

[nw99] 02/1/2020 14:32

Bought some

[johnv] 02/1/2020 14:06

Bought some as well, not enough but it is a start at 125p

[montynj] 02/1/2020 12:18

I just bought some more shares in ecsc now

[montynj] 30/12/2019 16:13

Im an investor in ECSC but thought good idea to draw your attention to a small fast growing cyber security firm which is below investors' radar...it is called Shearwater (SWG).12 months group revenue to March 31 2019 was GBP 23.5 million.Current year...6 months revenue (April 1 - Sept 30 2019) approx. GBP 16 million.Current market cap GBP 47 million.Significant shareholders, AIM shares in issue, and shares not in public handsDirectors: 3,934,717 (17.8%)Secarma: 2,922,925 (13.2%)Dene Stacey: 2,104,166 (9.5%)Schroder Investment Management: 1,741,428 (7.9%)Killik & Co.: 1,107,207 (5.0%)Fidelity: 905,500 (4.1%)Steve Watts: 892,857 (4.0%)Canaccord Genuity: 652,500 (3.0%)Number of shares in issue: 22,106,460Number of shares not in public hands: 7,100,802 equivalent to 32.1%This information was last updated on 27 September 2019

[nw99] 23/12/2019 12:17

None that I can see

[bb123] 23/12/2019 12:16

Any thoughts on this being a takeover target?