Share Name Share Symbol Market Type Share ISIN Share Description
Eleco Plc LSE:ELCO London Ordinary Share GB0003081246 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.50p +1.99% 77.00p 76.00p 78.00p 77.00p 73.00p 75.50p 117,732 16:07:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Construction & Materials 20.0 2.3 2.5 30.8 59.63

Eleco Share Discussion Threads

Showing 1876 to 1899 of 1900 messages
Chat Pages: 76  75  74  73  72  71  70  69  68  67  66  65  Older
DateSubjectAuthorDiscuss
17/10/2018
18:35
A classic 'smoke and mirrors' scenario after 16.00 by the Market Manipulators today, making it impossible to sort trade buys and sells. It'll take more than an overdone share price drop to change my stance.
ansc
16/10/2018
10:43
For anyone wanting to deal, a really tight spread just now - 81.125/81.5p.
ansc
16/10/2018
08:03
With distractions elsewhere recently, I hadn't looked at the Shire Systems acquisition in too much detail but, now 'back in harness', gave it more attention yesterday and have concluded that it's as much a snip of a purchase as the ICON acquisition was two years ago. ELCO's interim figures (to 30th June) were revenue of £10.55m and operating profit of £1.22m, a return of 11.5%. When ICON was acquired, it's previous figures were revenue - £0.7m and operating profit - £0.2m, a return of 28.5%. Shire's figures (to 31 December '17) were revenue - £1.9m with operating profit - £0.7m giving a return of 36.8%; the figures for the first five months of 2018 were even better at £1.0m and £0.4m respectively. When the Shire purchase was announced on 5th July, ELCO's chairman stated that the acquisition would be 'earnings enhancing' for the second half. What's not to like!
ansc
04/10/2018
18:16
Staircon exhibiting: hTTps://www.elecosoft.com/news/w-exhibition-2018/
ansc
20/9/2018
08:28
Don’t miss handsome little Elecosoft: its earnings are set to soar Buy recommendation in 'Shares'
rathkum
12/9/2018
09:05
Cheers Ed quote ED New products coming on stream thick and fast Let’s not forget too that Elecosoft is presently investing heavily in new products. In 2017 £2.75m was spent (14% of sales vs 15% 2016) on R&D (£1.7m) and capitalised development (£1.05m vs £623k amortised). For H1’18 this represented another hefty 13%, or £1.4m - primarily undertaken by ELCO’s 50 software engineers and 59 client support staff, situated in Sweden, UK and Germany.
petewy
12/9/2018
08:37
Good H1 results today: revs +7%, EPS 1.8p +38%, div 0.28p +40% and EBIT margins up sharply to 16.6%. Updated ED research note with raised fair value now out, freely available here: https://www.equitydevelopment.co.uk/edreader/?ltkn=364b2722ae6193c0909c490929e93ab0sxZc3I3I&d=%3D%3DwN2QjM
edmonda
28/8/2018
17:47
I'm not a fan of reading too much into chart signals/shapes... But this one is showing a clear uptrend after the dip from the previous peak around 90p....with higher lows...slowly..
smithie6
24/8/2018
13:48
looking back at the recent Shire acquisition I note that - price is <10 x PBT. & < 2.5 x turnover & has a high % profitability wrt turnover so doesnt look expensive - some words in RNS are good "significant" & adds a CMMS product ..so, one assumes that ELCO didnt have such a product before, so that looks like a +ve addition; & one assumes some cross selling opportunities - decent size client base ---- which as a consequence is generating some +ve commentator comments & firmness in the share price action in recent days/weeks imo --- To copy a Tech. Invest phrase. ;-) "strong hold"...imho (what TI think about ELCO at the moment at the current share price ...I have no idea...I havent subscribed for a number of years, but its quite a good/decent tip sheet imo, but its not cheap)
smithie6
23/8/2018
18:49
Hi, rathkum, I'm just older, slower and but none-the-wiser unfortunately. How's things with you? Thanks for the M F article although it doesn't appear to have sparked much interest so far. As to my post [623] re a possible sell waiting in the 'wings', sure enough one has appeared (L)ate but which actually went through at 09.43 (coinciding with the time of that mark-down). Used to believe that official AIM guidelines meant bargains could only be delayed where it was thought that the bargain size could disrupt normal market trading; a 15.15k sell hardly falls into that category but then Market Manipulators nowadays seem to be allowed to govern themselves.
ansc
23/8/2018
15:49
ansc- hope all is well with you. There’s still time to buy these high-growth stocks before they take off. Undervalued tech play I’m equally bullish on project management software business, Elecosoft (LSE: ELCO). After several years of consolidation, City analysts have the company reporting earnings per share growth of 33% for 2018. Personally, I believe there’s a chance the firm could beat this number. In a trading update for the six months to 30 June, published the beginning of this month, management told investors unaudited profit before tax was up 45% year-on-year. Looking at these numbers, it’s no surprise to me that the stock is trading at a forward earnings multiple of 21. In my mind, this valuation undervalues the business’s potential. Analysts have earnings growing by another 20% in 2019, and that’s before the impact of any acquisitions. In July, the company acquired Shire Systems for £6.3m to boost its stable of products. And with a net cash balance of £2.3m, I wouldn’t rule out further deals in the months ahead. Put simply, I reckon it could be time to snap up this hidden gem before the rest of the market catches on. https://www.fool.co.uk/investing/2018/08/23/theres-still-time-to-buy-these-high-growth-stocks-before-they-take-off/
rathkum
23/8/2018
11:50
Only two trades recorded today, both buys, yet the price drops ... another large sell in the 'wings'?
ansc
22/8/2018
16:28
Confusing price movements today so, to clarify, have just done a couple of online dummy trades (5k); came up with the following ... 82.08/84.5p. edit: no explanation needed now with the revelation of those two largish (L)ate trade sells.
ansc
17/8/2018
14:14
How come the price is up today ??
smithie6
16/8/2018
12:53
An unusually tight online quote for ELCO this morning, 78.5/78.95p (for 5k).
ansc
14/8/2018
10:45
...only saw the RNS today (it is holiday season) well done ELCO....
smithie6
07/8/2018
13:01
Thanks Hannahh. Good post. (Crowe?)
petewy
07/8/2018
11:00
Equity development's research note by Paul Hill "How to profit from the surge in BuildTech" How can an outside investor gauge the quality of a company’s software? Speak to experts, test the product, ask clients and/or review industry awards/journals. Elecosoft scores highly on all of these counts - yet to us what really stands out is its customer base. All told, ELCO’s software is used by >90% of the UK’s top 100 construction firms & 7/10 biggest retailers; 40 of the top 50 Swedish & 14 of the largest German construction groups; 70% of the EU’s flooring manufacturers and 15% of 400 largest US contractors. Generating retention rates of >90% and almost 60% recurring revenues (Support, maintenance & SaaS). The good news from this morning’s positive trading update, is that the Board are well on track. H1’18 revenues climbed 7% LFL in constant currency (5% post forex headwind) to circa £10.5m (LY £10.0m) with adjusted PBT jumping 45% to £1.45m (LY £1.0m), on the back of favourable operating leverage and continued tight cost control. Consequently, we reiterate our FY18 sales and EBIT forecasts of £22m and £3.6m respectively. Albeit, note that these are tilted towards the upside, especially given recent £ weakness vs the €/$. Likewise, H1 cash generation was strong, ending June with net funds of £2.6m compared to £1m at the start of the period – equivalent to cash conversion of >105%. Plus, even after last month’s strategic acquisition of Shire Systems for £5.1m (cash/debt free basis), we expect net debt to close Dec’18 at a modest £2.8m, or 0.62x EBITDA. Similarly, while our top level 90p/share valuation remains unchanged, we once again emphasise that there is possible upside here too. In fact, despite this year’s re-rating, the stock appears cheap vs peers who trade on higher EV/sales, EV/EBIT and PE multiples. Read the full note here: hxxps://www.equitydevelopment.co.uk/edreader/?d=%3D%3DQN1QjM
hannahh
02/8/2018
18:30
No (L)ate trades reported so, as often appears to be the case these days, supply and demand doesn't have much bearing on a sp's behaviour. According to my rough calculations, c. 105.5k shares have been bought today, 47.6k sold yet the price drops by 1p. Mind boggling for this simpleton.
ansc
02/8/2018
15:57
Equity development's research note by Paul Hill "How to profit from the surge in BuildTech" How can an outside investor gauge the quality of a company’s software? Speak to experts, test the product, ask clients and/or review industry awards/journals. Elecosoft scores highly on all of these counts - yet to us what really stands out is its customer base. All told, ELCO’s software is used by >90% of the UK’s top 100 construction firms & 7/10 biggest retailers; 40 of the top 50 Swedish & 14 of the largest German construction groups; 70% of the EU’s flooring manufacturers and 15% of 400 largest US contractors. Generating retention rates of >90% and almost 60% recurring revenues (Support, maintenance & SaaS). The good news from this morning’s positive trading update, is that the Board are well on track. H1’18 revenues climbed 7% LFL in constant currency (5% post forex headwind) to circa £10.5m (LY £10.0m) with adjusted PBT jumping 45% to £1.45m (LY £1.0m), on the back of favourable operating leverage and continued tight cost control. Consequently, we reiterate our FY18 sales and EBIT forecasts of £22m and £3.6m respectively. Albeit, note that these are tilted towards the upside, especially given recent £ weakness vs the €/$. Likewise, H1 cash generation was strong, ending June with net funds of £2.6m compared to £1m at the start of the period – equivalent to cash conversion of >105%. Plus, even after last month’s strategic acquisition of Shire Systems for £5.1m (cash/debt free basis), we expect net debt to close Dec’18 at a modest £2.8m, or 0.62x EBITDA. Similarly, while our top level 90p/share valuation remains unchanged, we once again emphasise that there is possible upside here too. In fact, despite this year’s re-rating, the stock appears cheap vs peers who trade on higher EV/sales, EV/EBIT and PE multiples. Read the full note here ...https://www.equitydevelopment.co.uk/edreader/?d=%3D%3DQN1QjM
edmonda
02/8/2018
14:24
Updating the share trades marked since 11.24, at 14.09 there's been a further 31.1k 'buys' and 5.0k 'sales' with a 25k '?' at 79p (which must surely have been another buy seeing as there hasn't been any sales at that kind of price since 11.24). I wonder how the Market Manipulators have managed to hold the price steady, are they working a large sale order? Time will tell.
ansc
02/8/2018
11:57
The chairman states that profit before tax, on a 5% turnover increase, is up 45% for the half year which by my reckoning makes it £1.46m; the profit before tax for the whole of 2017 came in at £2.254m. How much more were 'sellers' expecting/wanting?
ansc
02/8/2018
11:40
The mysteries of market making. As at 11.24, marks of 73.3k for 'buys', 42.6k for 'sales' and the share price response .....marked down 2.5p!
ansc
01/8/2018
18:38
No sign of a trading update (last year released on the 17th July) so it's understandable that some investors have become spooked by the delay and headed for the exit - eight sales today, no buys. I was expecting that the recent acquisition would probable cause a slight delay but have to admit that now even I've become disappointed. Time to remove the rose-tinted glasses?
ansc
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