Ecsc Group Share Chat (ECSC)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Ecsc Group	LSE:ECSC	London	Ordinary Share	GB00BYMJ4J99	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-7.50p	-6.12%	115.00p	105.00p	125.00p	122.50p	115.00p	122.50p	5,473	16:23:15

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Technology Hardware & Equipment	4.1	-3.4	-37.7	-	10.46

Ecsc Group Share Discussion Threads

Showing 301 to 324 of 325 messages

Chat Pages: 13 12 11 10 9 8 7 6 5 4 3 2 Older

Date	Subject	Author	Discuss
15/6/2018 12:39	made it to the AGM. Only three others there all of whom were ex employees/ pre float Directors. About half the shares voted and all resolutions easily passed. Directors very friendly and available for questioning. Note that current market 2018 expectations as per a note their broker Stockdale put out yesterday are for sales to be £5.6m and the ebitda loss to be reduced to £0.7m from last year's £2.9 m and for net cash to be £1m. Interesting to note that these 2018 market expectations are markedly better than those given in February with revenue at £4m and ebitda loss at £3 m. Note that IFRS15 is now in force: I did not get the impact that will have. I did not really get the chance to go into the background of the board changes of April except to learn that there was an inevitability as to what happened. Both Mathewson and Gooch gave me the impression of being actively involved and are more high powered than one would expect to see in such a small company..indeed it's HO can most charitably be described as functional and interestingly one has to hand in one's mobile before going into the building. Note they do not have a FD at the moment with the Chairman overseeing the Financial Controller. Given the simplicity of the finances as long as receivables are collected I am fine with that. The message the Board sent was that quietly things are getting back on track; I was also encouraged to focus on contract wins in the Managed Service Division- where of course the visibility is much better-than in the consulting business. I have been concerned about their cash position given that as far as I can see they have little flexibility ie no overdraft with Barclays and they have been draining cash. I note the Going Concern Statement was quite robust. Suffice it to say they are comfortable with the cash position, and I came away more comfortable. One area that their relatively tight cash position does concern me is how much they can spend on R&D , given innovation is important ; last year was only £124k. I did not get a very clear answer on that. The Brisbane operation under review; never understood why a company which has minimum ex UK revenues needs an Australian operation. They have, as known, a broad range of customers covering both the public and private sector where the emphasis is on SME sector and there more M than S. I got good eye contact when they assured me that they never lost a deal because of their financial strength. Given they have so many clients covering such a wide range of industries , the Board looking as to whether they should focus. This area of the IT market is so atomised that they do not feel they have direct competitors per se; often in the managed services business they do not know who they are competing against though do come up against NCC. Too bad I did not ask what their selling points are when trying to close a deal. Also I should have spent more time on their marketing approach. I saw comment on telesales in the AR..I would have thought people would like a more personalized approach. The fact that there are so many companies in this field means that consolidation is likely to happen ie eat or be eaten. I personally cannot see them doing acquisitions in the near future; they have no access to debt financing; their share price is low and they need more management and board stability. Indeed if I had had my wits about me I would have asked if they were not surprised that no one made them an offer when the price was low in April. They are aware of the lack of liquidity in their shares and the wide bid offer spread; this of course is the flip side of their stable shareholder base..all the more stable because of the EIS investors. This lack of liquidity is one inconvenience in owning this share; the other for me is that one does need to press the flesh given the nature of the company. I do not sense they will have an active IR activity with retail shareholders- I can understand that given their current shareholder base, size and fact that in the immediate future have to get the business on track so they have a good story to tell. This means a time consuming trip to Bradford- something happy to do yesterday as had never been there before and was able to get a feel that in its heyday it must have been an impressive place. Went away comfortable that the business back on track but they cannot afford any more Board/Management changes.	cerrito	Read Full Thread Reply
14/6/2018 11:46	Very quite on a upbeat day?	mustau	Read Full Thread Reply
06/6/2018 08:25	>>>Cerrito I had not come across Crossword either (before I was offered shares in the March Placing). I am hoping that a switch to AIM (assuming it happens) will generate a bit more investor interest in that one so I won't be a Billy no mates at next year's AGM.	timbo003	Read Full Thread Reply
05/6/2018 18:19	I read your post on the sharesoc website timbo003 with interest and thanks for that and I had never heard of CCS. I am planning to go to the ECSC AGM but have yet to buy the train ticket. I do not have much in ECSC and joined up after the last AGM but it seems one of those companies you need to see the whites of Management's eyes. I know from past experience that being the only retail investor at an AGM is hard work and lonely. I agree that today's news rather flimsy and the modest share price increase is appropriate.	cerrito	Read Full Thread Reply
05/6/2018 07:47	Today's news sounds very encouraging, but very thin on details. I would like to attend the AGM again this year (Thursday June 14th), but it's a long way to travel (Bradford) and it causes a bit of a dairy clash. I went to the Crosswire Cybersecurity (NEX: CCS) AGM last week, there is a report on the AGM on the ShareSoc website (need to join up to access): http://sharesoc.ning.com/forum/topics/the-agm-forum?commentId=6389471%3AComment%3A49014 CCS are currently quoted on NEX but will probably transfer to AIM later this year: https://www.investegate.co.uk/crossword-cybersecurity-plc/gnw/crossword-cybersecurity-plc---agm-statement/20180530192825H6296/	timbo003	Read Full Thread Reply
16/4/2018 22:18	Back on the watch list, this was a better update today	sweepie2	Read Full Thread Reply
16/4/2018 18:47	And also await the review being done by the Directors	cerrito	Read Full Thread Reply
16/4/2018 12:17	It sounds positive, but the fact the share price has not moved suggests the market wants to wait and see.	red ninja	Read Full Thread Reply
16/4/2018 08:35	Not sure what to make of this morning's news I know nothing of EG and appreciate comments on anyone who knows her but interested to see that Payne who left the ECSC board last week was a member of the eg board so must have bought her in. I guess the question is her arrival worth more than Hammell's departure? and if the boil of personal tensions had been lanced may all work out in the long run.	cerrito	Read Full Thread Reply
05/4/2018 19:40	I recall the FD has an options package announced last year not egregarious. I am simply reading through the lines but I wonder if some boardroom coop here to reduce management cost run rate in light of inadequate revenues. I suspect the market has called this a miss too down 22%. Don't hold but now off the watch list. Does anyone else see them running out of money FD takes over FD knows action reqd.	steve3sandal	Read Full Thread Reply
05/4/2018 12:05	I see from the website that neither the new Chairman or CEO have shares in the company-I guess the Chairman picked up a very few in his fees last year, I checked for curiosity; would have been better if they had and they will no doubt shortly announce an options package for the new CEO	cerrito	Read Full Thread Reply
05/4/2018 10:45	I saw this as marginally good rather than bad news but appreciate I may be talking my own book and the truth is that not knowing the people involved, I have no idea. I see that trading in line with management expectations and cash ahead of plan and the market is challenging so all this is broadly neutral, The new Chairman and CEO appear fine on paper and a quick google search did not reveal anything negative on David Carr Mathewson and good that the new CEO has IT experience. Also good for me that Mann staying as an employee and not selling his shares- that said once again as I do not know him I am not qualified to make a comment. Is he an excellent salesman and a poor Manager? . Appreciate comment from anyone who knows these people. Not selling or buying	cerrito	Read Full Thread Reply
05/4/2018 10:19	Bad day today and their statement with the board changes sounds like things won't get much better in the short term but with data regs kicking in next month, things will hopefully get abit better especially if they can work out how to scale up the business without incurring a higher base of costs	sweepie2	Read Full Thread Reply
03/4/2018 07:47	Will there be a placing, guys? What your thoughts.	montyhedge	Read Full Thread Reply
24/3/2018 14:58	That share price curve has not been looking good for the last few days. However, in reality it's not just ECSC, its Brexit, the Trump trade war, The Russians. All these factors and the fact that growth sector share are no longer cheap means that a lot of small growth stocks are heading South at the moment.	red ninja	Read Full Thread Reply
17/3/2018 17:16	No wonder the share price has gone down since the interims came out, as H2 was not good with H2 Gross Profit down to £0.8m from the £1.2m in 2016 and a £1.4m operating cash flow deficit in H217 compared to a £0.1m surplus in H216. They are very guarded in their outlook statement. The other issue is cash generation. I read the carefully worded Going Concern statement closely which would suggest that they feel they can limp along without an equity raise and I guess the recent share price weakness indicates that there is scepticism about this. I hope I can organize myself to get to the AGM and if so and having pressed the flesh will need to come to a decision as to what to do. PS Good on them for getting these figures out so much quicker than the majority of AIM companies of their size. PPS I note they have a very stable shareholder base with no changes in holdings RNS#s since June. Of course good that the CEO has 19% PPPS I see that they recovered £178k of the £225k of corporation tax recoverable as at June 2017.	cerrito	Read Full Thread Reply
16/3/2018 18:59	Just got round to kicking the tyres on the prelims. I had a problem with the income statement, specifically they state that the operating loss pre exceptionals is £3169K but if you add up the figures I at least get £3.4m odd. Appreciate it if someone can check the maths of the income statement, Thanks	cerrito	Read Full Thread Reply
08/3/2018 08:53	Headlines like this one in today's Daily Mail are probably helping sentiment today On a less trivial note, NEX quoted Crossword Cyber-Security (CCS) announced a fund raise today which was heavily over subscribed. https://www.investegate.co.uk/crossword-cybersecurity-plc/gnw/crossword-cybersecurity-plc---placing-and-subsc---/20180308070018H4536/ https://uk.advfn.com/p.php?pid=quote&;symbol=NEX%5ECCS The CCS placing shares qualified for EIS tax reliefs, so I bought a few.	timbo003	Read Full Thread Reply
20/2/2018 19:59	I popped into the website to see if there was any news update but to no great surprise found nothing-what did strike me was the number of vacancies….anyone knows if that number is usual? Of course difficult to know if number of vacancies is good-reflecting expansion-or bad reflecting high turnover, resignations.	cerrito	Read Full Thread Reply
16/1/2018 11:00	My understanding of the company’s understanding of market expectations for FY18 is sales of £4m, ebitda loss of £3m and loss before tax of £3.3m. This suggests a modest pick up of revenues in H2 and profitability going nowhere in H2.	cerrito	Read Full Thread Reply
10/1/2018 09:49	I guess no surprise that they have repeated what they said on Nov 29 and that 2017 will be per market expectations. That begs the question what market expectations are: the information provided by Barclays has a £2.2m loss and that provided by Digital Look has revenues of £3.3m and a loss of £3.3m. Remember first half revenue was £1.9m and loss £1.5m. I am going to get onto the Company/advisers to see what figures they are using and ask them please to include that in the future and if you folks can do the same the message may get through. Disappointed that cash has gone down from £3.1m at June to £1.6m at year end which suggests limited financial flexibility but I guess we need to suspend full judgement till we get the Prelims and read the going concern statement and see the interplay between receivables and payables-they have no inventory. Indeed on the basis that they recovered the £225k of corporation tax due as at 30.6 the cash decline becomes worse; I guess cannot be too bad as they are resuming cash payments to directors. Red Ninja you did well to sell half your shareholding; I sold about 15% earlier in the week.	cerrito	Read Full Thread Reply
09/1/2018 12:42	I bought in because they fell below 167p IPO price and because the Artemis VCT was holding them. I thought they were in a growth area, possible good news was only delayed according to the company and they announced they had taken action to contain costs. I also thought the bull market might continue into this year. I can't see any news in the market. I've sold half today at 232.5p in order to take a cautious stance although will be more than happy to see them go higher.	red ninja	Read Full Thread Reply
08/1/2018 10:28	it 's been going up for a number of days- what has changed if anyone has any insight please!	ali47fish	Read Full Thread Reply
07/1/2018 08:44	It never sold out of ECSC, it just sold some its stake.	red ninja	Read Full Thread Reply

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