Ecsc Share Discussion Threads

[stevevcjp] 07/2/2020 10:18

ECSC really hitting critical mass - finally !

[montynj] 06/2/2020 13:52

Why is it ? Explain !

[onjohn] 06/2/2020 11:45

What day are results

Feb last year

[middlesboroughfc] 06/2/2020 10:58

Will be back through the highs this week

[nobilis] 06/2/2020 09:02

ECSC Group PLC
Notice of Results

[biteherbutt] 05/2/2020 15:49

Looking poised

[biteherbutt] 05/2/2020 15:21

O/T here's a bit on ECSC
CYBER security provider ECSC Group has revealed that it notched up record trading in the second half of the financial year.


ECSC has posted a trading update for the 2019 financial year, in which the company’s results were in line with market expectations.


Over the period it delivered revenue growth of 10 per cent to around £5.9m.

It also recorded managed services recurring revenue growth in excess of 25 per cent.

The company was cash generative in the second half, with an adjusted EBITDA profit in H2 (the second half of the year) of around £0.2m.

Ian Mann, the chief executive officer of ECSC, commented: “We are very pleased that the record trading in H2 resulted in double digit organic annual revenue growth, and a return to adjusted EBITDA profitability.

He added: “Growth in recurring revenue of over 25 per cent shows the effectiveness of our strategy of winning consulting clients and converting them into long-term managed services clients.

He added: “The acceleration of new client acquisitions in 2019 should help to build a solid foundation for future growth.”

[biteherbutt] 05/2/2020 15:09

cheers, won't surprise to see 7p this year given the contract wins

[montynj] 05/2/2020 15:08

The real growth in earnings starts this FY..Allenby were estimating For the year starting on 1 Jan, Allenby forecasts profit of £163k (eps 2p) trebling to £660k (7p) the following year. .they may have adjusted those slightly but still v strong growth

[biteherbutt] 05/2/2020 15:02

I just bought back too

[montynj] 05/2/2020 14:55

Just bought back in...completely oversold

[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.