Ecsc Share Discussion Threads

[chrisdgb] 13/1/2023 08:14

Nice early buy here, presumably trading update soon..??

[jane doe1] 05/1/2023 15:30

You just need to look at the web page and what comes out in terms of sales & marketing comms and compare it against say a company like Adarma Security. Also their SOC technology stack must not be working otherwise they wouldn't have partnered with securonix. They will be running two separate stacks or will need to migrate. Either way it will be concerning to anybody who is in the process of a close buying decision

[gb904150] 05/1/2023 10:15

hi janedoe1...as a first time poster it seems you have a bit of insight into the company....and are not that impressed. Care to elaborate?

[jane doe1] 05/1/2023 08:49

The internal organisation between marketing and sales is a shambles. Interesting on the results of these big MDR deals that were going to drop in December

[chrisdgb] 03/1/2023 11:04

Hoping the new man is getting some decent business through the door....

[cerrito] 18/11/2022 18:04

Yes jane deer for that,
While it is easy for me to get to Mello.I did not join you as of all the companies presenting ECSC was the only one I follow.
Must have had some effect as by ECSC standards Tuesday and Wednesday with 21k and 25k shares traded were busy.

[chrisdgb] 17/11/2022 08:45

Excellent, thanks for the update, few nibbles this morning....way oversold

[jane deer] 16/11/2022 23:34

I thought Matthew Briggs sounded quite convincing at Mello today. It was consistent with the line in the InvestorMeetCompany presentation on 4 October. It does sound like there are a few “relatively simple” improvements that can be obtained by setting clear goals and responsibilities. Still the proof of pudding will be if company can generate consistent positive free cash flow.

[chrisdgb] 01/11/2022 11:34

Was crazy oversold......

[chrisdgb] 01/11/2022 08:02

Good to see they are getting out and about........

[melloteam] 29/10/2022 13:08

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[chrisdgb] 24/10/2022 14:33

Stock getting nibbled at.....

[cerrito] 17/10/2022 10:51

I am thinking about increasing but put off by fact that someone wanted/needed to sell 15k shares and cratered the price.

[chrisdgb] 17/10/2022 10:16

Just taken an initial position, I think it looks interesting if the new guy can deliver.....

[cerrito] 04/10/2022 23:18

I will write up something when I can go through the recording.
I thought Mathew Briggs came across very well but of course we will need to see him deliver. Like you jane deer I liked the division of roles and also take your point we have had plenty of false dawns.

Good to hear that they are currently cash flow positive and will be great if his optimism about landing big orders this year comes through.

[jane deer] 04/10/2022 18:15

At least Matthew Briggs seems to have his own views and Ian Mann’s role is delineated - no micromanaging and no management job decisions. Maybe a turnaround can be as simple as this and the recent stated pick up in activity is pleasing (I know we have heard such improvements before only before the next road block). If the £1m in new MDR orders comes in before year-end I might start believing. Certainly with the current market cap at £2.5m, not much expectation is being priced in.

[harlowdavood] 28/9/2022 07:57

Revenue flat again, they have dropped margin on MDR/SOC too. Chasing revenue no doubt. No sign that they have turned anything around yet. No mention of EBITDA... With Mann still in the background the new MD will have his work cut out. Mann won't easily walk away.

[cerrito] 27/9/2022 17:18

I see that Allenby are forecasting cash at £460k at end of this year and £590k at the end of next year. Let's hope their optimism is justified. I see they have a fair value at 130p.
Not planning to do anything till IMC session.

[cerrito] 27/9/2022 16:57

and good to see Mann jump out of bed and buy shares first thing in the morning.

[ali47fish] 27/9/2022 16:50

2 directors buy

[kemche] 27/9/2022 09:46

Too many "fresh challenges". Another OSI. No scale.

[owenski] 27/9/2022 09:11

In an environment where, theoretically, IT security should be doing well, it amazes me that all of these minnows - FLX etc - just don't show meaningful growth.

Bargepole.

[cerrito] 27/9/2022 08:42

Difficult for me to know what to think about this till we have the IMC to get from the new CEO what he sees as the issues and how he plans to resolve them and the reactions that other investors have to him will determine the evolution in the share price.
The other big question is on their liquidity position. I see they have given themselves a pass mark on the Going Concern statement. Disappointed that there was no comment in the interims on the liquidity and I assume their lender did not give them the second tranche of £500k.Good that they reduced cash burn and have the tax coming due but any increase in activity will bring working capital pressures and based on H1 cash outlow they will very shortly have nothing in the bank.

[cerrito] 21/9/2022 17:35

This is what happens when someone needs to sell 25k shares.
Let us see what next Tuesday brings. I note the rather unusual one week gap between the results and the IMC presentation.