Share Name Share Symbol Market Type Share ISIN Share Description
Ecsc Group Plc LSE:ECSC London Ordinary Share GB00BYMJ4J99 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 70.00 402 08:00:17
Bid Price Offer Price High Price Low Price Open Price
65.00 75.00 70.00 70.00 70.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 5.91 -0.75 -8.50 7
Last Trade Time Trade Type Trade Size Trade Price Currency
08:58:05 O 402 66.60 GBX

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Date Time Title Posts
06/1/202111:44ECSC Group Blue chip cyber security477

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Ecsc Daily Update: Ecsc Group Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker ECSC. The last closing price for Ecsc was 70p.
Ecsc Group Plc has a 4 week average price of 64p and a 12 week average price of 60p.
The 1 year high share price is 152.50p while the 1 year low share price is currently 56p.
There are currently 10,007,588 shares in issue and the average daily traded volume is 20,595 shares. The market capitalisation of Ecsc Group Plc is £7,005,311.60.
cerrito: 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.
daz: 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: 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: 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?
imjustdandy: 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
imjustdandy: This won't be independent for much longer. Lots of consolidation in this sector. ECSC will be snapped up this year.
cerrito: 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.
biteherbutt: 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.”
bb123: 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) +44 (0) 1274 736 223 Allenby Capital (Nominated Adviser and Broker) David Hart Nicholas Chambers +44 (0) 203 3285 656 For more information please visit the following: hxxps:// 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 or visit END
cerrito: Had a busy few days and only now can finish my write up of a good AGM. Five shareholders there and a good q&a. Good for them in the RNS announcing the AGM results to put down the detailed voting information. You will see proxies were low with just 1.767m of the 9m shares voted by proxy. This is a bit misleading as Ian Mann being present voted his 24. 3% of the shares in person. Even so a low voting turnout. No presentation as such. It emerged fairly early in the Q&A that Allenby had put out fresh forecasts that morning and those referenced by the Chairman in his statement Basically they now see this year revenue at £6,140k down from £6,461k: adjusted ebitda down from £242K to £216K and year end 2019 cash down from £1,016 to £522K. This new report is on the Allenby website. The original year end cash balances were-for me-optimistic; given that H1 2019 sales are £2.6m approx., it is going to be great to get H2 revenue £3.5m needed to make the revised forecast. Indeed as I write rather kicking myself that I did not query this figure at the meeting. The first question was about the announcement of the cash balance. They insisted they were comfortable with this level of cash despite the cash burn year to date. Note they have yet to receive the £155k Tax Credit shown in the accounts - will come in next month. They were also insistent that they had the necessary cash resources to do all the R&D investment they need to make to stay competitive in this fast evolving business. They are not using the invoice discounting facility and my clear understanding is that they have never used it. The decline in finance income between 2017 and 2018 is explained by the fact that post IPO cash balances in 2017 were much higher. The fact is that with their cash balance and current share price which precludes a fund raising they have limited room for manoeuvre. They certainly cannot think of expansion - either organic or inorganic: the blessing in disguise is that they have to stick to their knitting and focus on building up the current business. Note that the Chairman 's statement referred to ebitda pre SBP, which were around £30k last year and currently anticipated to be the same this year. Also note that the director' s remuneration was £639k compared to the total of £4743k the other 78 employees received. I am struggling to work out if this ratio makes sense. There was a change last year in the way the compensation of staff with as I understood it more emphasis on bonus but that is not anticipated to change the ratio of total Director :non director pay. Questions asked about the reseller programme. This was soft launched at the end of last year. A lot of training involved ie the day after the AGM the CEO Ian was going to be giving a session at Reading. Resellers range from one man bands upwards. I did not establish what they regard as the optimum number of resellers. They are also doing direct marketing - ie they send out a monthly email and follow up with anyone who opens it. They also as in years past had a stand at the recent Infosecurity Industry conference in London a couple of weeks back, Reaffirmed what hasd been said in earlier meetings-that the route to Managed Services clients is through consultancy. In conclusion I think both the NED's are good value and inspire confidence. My impression(and of course I may be wrong) is that the Chairman is good at managing the dynamics of having a CEO Ian Mann who is comfortably the largest shareholder and who founded the company. I thought Ian Mann came across very well but would prefer if the other Executive Director COO Lucy Sharp was given more visibility. Let us hope that he does not fall under a bus. I got the impression that all the hiatus of last year had been well put to bed. I see that Allenby has a fair value of 170p and I would be pleasantly surprised to see it there in the next twelve months even if next year they can reach the current 2020 forecast of adjusted Ebitda of £1020 k. I am not excpecting any news to come out till the Interims-in the last two years these have come out in September. Of course with a current marcap of £7m.approx they may get an offer that cannot be refused. As I have noted before one downer on the share price is the unanswerable question mark of what Ravinder Bahra will do with her 11.7pc. After the AGM, as Timbo03 said there was a desperate presentation given by Ian on the cyber security market. Apart from the huge increase in incidents over the years and how The Cloud has increased the security issues and indeed now they scan for new vulnerabilities every eight hours, I was interested in how he answered a question on consolidation on this fragmented industry. The issue was of how the acquiring company integrated the new staff: this was tricky and indeed in their own recruiting they focused on consultants of companies that had been acquired. PS With hindsight one question I should have asked was the relative profit margins of consultancy and managed services, which as per the AGM staterment, they are pushing.H2 2018 was the only half year when the ptofit magin on Managed Services exceeded that of consultancy. PPS A bit surprised that the share price has fallen so much. PPPS If anyone there has a different take, be good to hear it
Ecsc share price data is direct from the London Stock Exchange
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