Ecsc Share Discussion Threads

[sweepie2] 08/11/2020 16:49

Tern to rocket tomorrow as their 100% owned company Wyld starts to sign resellers for their covid tracker management solution

Wyld signs agreement with Ascom. Ascom to distribute the Wyld portfolio as part of an IT solution to their customers. We look forward to launching the partnership in the next few weeks. Ascom is a global solutions provider focused on healthcare ICT and mobile workflow solutions.

Ascom is a global solutions provider focused on healthcare ICT and mobile workflow solutions. The vision of Ascom is to close digital information gaps allowing for the best possible decisions - anytime and anywhere. Ascom’s mission is to provide mission-critical, real-time solutions for highly mobile, ad hoc, and time-sensitive environments. Ascom uses its unique product and solutions portfolio and software architecture capabilities to devise integration and mobilization solutions that provide truly smooth, complete and efficient workflows for healthcare as well as for industry and retail sectors.
Ascom is headquartered in Baar (Switzerland), has operating businesses in 18 countries and employs around 1,300 people worldwide. Ascom registered shares (ASCN) are listed on the SIX Swiss Exchange in Zurich.

[cerrito] 08/11/2020 16:22

Catching up here.
Jane deer and harlowdavood, I share your frustration and have written to the Chairman.
I see that adjusted ebitda excludes SBP and I got rather suspicious about the size of he SBP but they seem to be running at just over £100kpa so they do not move the deal all that much. Note that the website has a note from Allenby dated Nov 2 on the October 27 RNS and state that forecasts remain under review.

[harlowdavood] 05/11/2020 07:19

In March they announced two MDR deals worth £590k at over 20% of the managed services order book. On Oct 27 two more deals of £580k also stated as over 20% of the order book. In June 2019 the order book was £2.7m and on June 2020 it was £2.9m. Seems that although these large deals over three years look good that the order book has not grown by £1.2m over this year. Am I missing something?

[ali47fish] 04/11/2020 09:10

jane i recall seeing your name on paul's scott blog and appreciate your comments here - please write or contact the company as this should be communicated to them!

[babbler] 04/11/2020 07:55

Very nice rns

[owenski] 27/10/2020 10:24

580k.... that's over 3 years, hardly inspiring.

[daz] 27/10/2020 08:16

Not much of a reaction to the good news. I think there is a seller holding the price back so might provide an opportunity to buy more

[jane deer] 27/10/2020 07:59

Good to see the first Nebula Cloud MDR client. This could (hopefully) become an important revenue stream for ECSC. With the two new (non-Nebula) orders accounting for £580k - over 20% of the order book - the current MDR order book is implicitly no higher than the £2.9m, announced at the end of June.

[cerrito] 31/8/2020 17:56

Does anyone understand why on Friday morning we had 2 Price Monitoring Extension RNS' but the price was unmoved and there was only one reported trade?

[cerrito] 10/8/2020 15:15

They would have received the proceeds of the equity raise by June 30-say post expenses £470k.
As you say,Harlowdavood, given this equity raise and government support the cash position is at first glance disappointing.
I am reserving judgement until we get the figures andcan see what happened to receivables and payables. Also what is the status of the £260k corporation tax recoverable at 311219?

[harlowdavood] 05/8/2020 08:54

Cash at 1.25 mil, 0.77 is deferred tax, so actual cash of 0.5, does anyone know if they have had the 0.4 from the share issue? If they have then they have not generated any cash in the period organically at all and have burned nearly 100k. This is obviously not bad but certainly not a stunning performance.

[owenski] 05/8/2020 06:08

Yet another bargepole IT security stock.

[imjustdandy] 02/7/2020 21:23

There's huge consolidation happening in this sector and ECSC is not big enough to remain independent. However, it's small enough to be swallowed! Watch this space

[harlowdavood] 02/7/2020 07:35

Perhaps the fear of a take over is what prompted the director to buy the shares. Over 136k shares traded yesterday, wont be surprised if some more PDMRs are posted in the coming days.

[ali47fish] 02/7/2020 06:59

imjust why do you say that please expand

[imjustdandy] 02/7/2020 05:26

This won't be independent for much longer. Lots of consolidation in this sector. ECSC will be snapped up this year.

[jane deer] 01/7/2020 14:46

Ian Mann bought £20,000 worth of shares today. Not a massive sum but a useful sign of confidence following the recent trading update. I think that is his first share purchase for at least a couple of years. It was surprising that he did not participate in the placing, exactly 2 months ago at 55p.

[cerrito] 11/6/2020 16:00

My first reaction on seeing the falls in the share price today was to check the volume-or to be more precise the reported volume.
Reported volume today was 39.6k shares -roughly equal to the amount of the last 7 trading days combined,and someone wants out or at least to reduce.

[cerrito] 17/4/2020 15:57

Just to show how active the placing market is, this morning two of my holdings who cannot be more different-ECSC and FAIR- announced placings.

[cerrito] 17/4/2020 14:51

As someone who has fretted that ECSC needs more financial firepower, I should be pleased with an equity raise.
That said it is very expensive at 50p post expenses and it would have been better if they could have done it at double the price earlier in the year.
They gave two reasons fir the raise. The first was for future expansion which they would have known about a couple of months ago. The second was to improve their credit rating which fair enough I can understand has been an issue in the last three weeks.
The net amount of £450k should be sufficient.
They refer to their 2019 results as being well received; I am not sure by whom but certainly not the market. Both my two other holdings in this wider sector-BLTG and NCC-have had a good run in the last 2/3 weeks while ECSC has gone nowhere.
Those who went into the placing have got a good deal.

[cerrito] 08/4/2020 09:39

No idea, but as someone who prefers quality over quantity I am OK with current structure.

[maddox] 06/4/2020 15:13

Cerrito,

Thanks for the analysis.

Overall, things are going in the right direction. The strategy is sound, opening the door with consultancy and then selling follow-on services. The recurring revenue they are building will be a more significant attraction in the medium and long-term, and be more resilient in the short-term Covid-19 circumstances.

It'll take a while for confidence to build in ECSC as a result of the loss of momentum post floatation. We need to see steady progress over next few results but Covid-19 has unfortunately thrown that off-course.

These are a hold for me too.

Regards, Maddox

[cerrito] 06/4/2020 14:47

I am very comfortable with the quality of the two non execs.

[maddox] 06/4/2020 14:33

Harlowdavood - or it gives the current Non-Execs more direct access to question the new Exec Board Members on progress and plans. It's not just a matter of numbers - experience and capability are more important but difficult to judge.