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
  +0.00p +0.00% 77.50p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
70.00p 85.00p 77.50p 77.50p 77.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 5.38 -1.26 -13.60 7.1

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Date Time Title Posts
14/5/201917:00ECSC Group Blue chip cyber security355

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Ecsc (ECSC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-06-17 15:03:1272.0011582.80O
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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 77.50p.
Ecsc Group Plc has a 4 week average price of 75p and a 12 week average price of 75p.
The 1 year high share price is 132.50p while the 1 year low share price is currently 63p.
There are currently 9,098,497 shares in issue and the average daily traded volume is 1,836 shares. The market capitalisation of Ecsc Group Plc is £7,051,335.18.
cerrito: Thanks for that, Psharpy and will be interested to read the report. You are right that the website shows many vacancies-there seem to be --more than the last time I looked but my memory is a bit vague. I guess it is par for the course in this industry. You are right that the board changes have been odd but have no idea if what you suggest is true and if it is, if it is now water under the bridge. I see that Friday and today were active days in ECSC terms with 10 thousand odd shares traded each day. I would think this is a dangerous share to short given the low level of trading which reflects, the presence of many EIS investors and the shareholding structure. Of course if either of the two large investors want to sell, heaven knows what will happen to the share price.
cerrito: Thanks timbo003 for posting that Allenby link and let’s hope for all concerned that we have a stable management in place. I note no forward guidance, which to me is strange. The only comment is that they are moving closer to break even post period end. This does not tell me much except that losses continue being reduced. This is key as cash continues to be a concern. I note their Going Concern is robust and they should be alright but there is not much margin for error. I note their comment that no further need for cash restructuring payments. I do not see a resumption of dividend payments in the next 18 months at least. The Chairman was right to refer to significant progress and good to see that with increased revenue COGS was constant compared to H2 17 and a good reduction in admin/sga and operating cash flow deficit. I am reminded of the small size of the company. I fret abit that they do not have the financial resources to do the investment in systems/AI that is required. Let’s hope that the £80k additions to Development Costs in this half year are sufficient. Well done to those who bought sub 100p; I have all I need at the moment so will not be buying more but have zero intention to sell. I see the next six months as a period of slow but consistent improvement in trading. Possible there could be a takeover bid for them given the industry will need to consolidate. Do not see them having either the cash resources or buoyant share price to make acquisitions. PS Let’s hope that Unicorn have patience and no need to sell
cerrito: 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.
red ninja: It sounds positive, but the fact the share price has not moved suggests the market wants to wait and see.
red ninja: 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.
the big fella: This is a sector that really should be making money hand over fist right now, yet for some reason most seem to be finding it hard work. A for company statements how about: We note the recent fall in the company share price but are reluctant to say anything until we release our next profit warning as we would prefer to keep our shareholders in the dark. We would like to drive the price down so that we can then issue the BOD with a shed load of options so that we can bolster our already grossly inflated salaries. It is most likely it will take a couple of profit warnings to get to the desired price, but we cannot tell you that as it will most likely spoil the fun. I am not a holder here but do hold shares in the sector.
hazl: I must admit I didn't like his attitude on one video interview when he was asked about the share-price and he said he didn't care about the sp! Then there was the sale of shares. Should have got out then I suppose....just reduced. Ah well. Not worth worrying about the few I've got I suppose.
timbo003: Well I am still here, locked in for the next 2.5 years with IPO shares, I have no idea where the share price will be then. I'm surprised my the magnitude of the rise. If I didn't have such a visceral dislike towards paying income tax, I would have cashed some in this morning. >>PU, I think GSK Consumer could find a place for Vamousse within their regional portfolios, but I suspect their preferred acquisition targets are global brands rather than regional.
Ecsc share price data is direct from the London Stock Exchange
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