Eleco Public Share Discussion Threads

[ansc] 21/5/2007 09:43

'Buys' still being marked this morning but the MMs refuse to move the sp; most unusual for them not to seize a golden opportunity to make a few bob with buyers around.

Something has to give....

[ansc] 18/5/2007 08:46

More 'buys' going through again this morning. How much stock do the MMs have left?

Could we see a new high later today?

edit: Marked up as I typed!

[ansc] 17/5/2007 16:40

A double thanks, dorisken, firstly for the 'Shares' info and secondly for the compliment! - that's definitely made my day. I unfortunately tend to just use the thread like an Eleco diary these days as there appears to be little interest from other posters.

You are definitely spot-on with your assessment of Mr K. Having spoken with him over the phone on numerous occasions, and seen him at last year's AGM, he comes across as being someone with a mission. He obviously made a lot of money before becoming Eleco chairman (when growing British Tar Products) but clearly saw potential to make a lot, lot more (which he has done during the last eighteen months!). With the troublesome software side now turning round at long last, plus the construction opportunitues - but only the profitable ones according to him - which should appear on the run-up to the 2012 Olympics, I'm quite happy to put my faith in his judgement; whilst he's prepared to put his money where his mouth is and buy even more shares, I'll be content to leave my holding on board.

[dorisken] 17/5/2007 15:36

Ironically the only reason I paid attention to the article was that Eleco took my eye when Kettely bought and sold a lot of shares last April. I have met him in business a long time ago ( I was in venture capital) and remembered him as being a smart chap and decided to buy some shares on any dip in price... which of course never came and they then went off my radar scree. Reading thro this BB I now regret this of course and am minded to buy some now, even at todays rather higher prices .I think this is a lesson in that if you analyse and like a share, just buy some there and then. You can also just put in a Limit Order to buy some more if the price slips a bit.

Well done Mr ansc on all the useful stuff on this BB

[dorisken] 17/5/2007 15:28

Hi.... I share your views on Shares Mag, however I do get it as part of a package to include the an ADVFN competitor site... It was just a fairly positive full page article saying this was a good business and a share to buy as it is cheap on its growth prospects and also could be a takeover target.

[ansc] 17/5/2007 12:36

Eleco is the 'Play of the week' featured in Shares mag today apparently which probably explains why the MMs are playing silly beggers with the share price I've never been a fan of said publication so can anyone enlighten as to what is written please?

[ansc] 17/5/2007 09:35

And doing it exceedingly well this morning, I must say. According to the recorded marks, although the share price has firmed slightly, there's not a buyer in sight. Yet you can still buy at 94.85p according to HLS!

Confused? I know I am hence my everlasting luv of MMs and the games they play.

[riskblue] 17/5/2007 08:51

Just market makers doing their job I suspect

[ansc] 14/5/2007 11:15

Over the last couple of weeks, there appears to have been a steady stream of sellers but the share price refuses to stay down for long. The next results announcement is a long way off so what's going on?

[ansc] 26/4/2007 19:22

Shares bought outweighed shares sold today yet the share price still fell 1.5p! I wonder if that 42k purchase at 92p was made by our venerable chairman?

[ansc] 16/4/2007 10:01

Read aforementioned (short) article over the weekend - nothing new disclosed. Selected as one of their predictions to at least double in price over the next five years with expectations of consistent growth of 15% per annum. Bearing in mind that five years hence will take us up to 2012 (London Olympics), I would hope that that was a fairly safe bet but then I could have become everso slightly biased..... {:-)}

[ansc] 12/4/2007 14:32

Not that I'm a fan of Shares magazine, but they have Eleco as a 'buy' in today's publication apparently. Although the recommendation hasn't done anything for the sp, has anyone read the article?

[ansc] 30/3/2007 14:33

I got carried away there for a minute! I thought we had another institution joining but Lowland have simply increased there holding slightly - by 10k in fact. Still, shows they have confidence in ELCO's prospects.

[ansc] 28/3/2007 14:29

Hi Stephen and welcome. Well spotted. Seeing as this was my first attempt at creating a thread, I feel sure that the 70% gain has more to do with beginners luck than good judgement. Either way, I'm most certainly not complaining just wishing that one or two of the others in my 'stable' would run half as well.

I'm not expecting any fireworks during the coming year; in fact, 7 rather than 70% would do quite nicely! One or two more posters showing a bit of interest in ELCO wouldn't go amiss either &{:-)}

[stephen brook] 28/3/2007 08:47

Well, this thread is a year old today and the price is up about 70% which is not a bad birthday present :-)

[njp] 28/3/2007 03:08

Still watching, ansc, even though I'm currently out, and admiring its strength.

I've cut positions due to the time of year. End of tax year selling, summer doldrums, risks of a general market correction etc, so will miss out if ELCO continues to rise.

[ansc] 27/3/2007 18:14

If anyone else is bothered (or even out there!), a new closing high today I think.

[ansc] 27/3/2007 10:26

With consolidation supposedly taking place now in the construction industry, wouldn't ELCO make a tasty aperitif for one of the big boys? My 0.1975% holding in the company is available.....at the right price!

[ansc] 26/3/2007 08:42

Taken from the website, Asta looks to be expanding which can only mean good news in the long term:

'AEC Systems Pty Ltd to sell, deliver and support Asta Powerproject to the Australian construction industry

Asta Development plc, the leading provider of project, resource and cost management software and supporting services, has appointed AEC Systems Pty Ltd (AEC) as a national distribution partner for Australia. AEC�s head office is in Sydney with regional offices in Melbourne, Perth, Brisbane, Adelaide and Hobart giving them the ability to provide services to customers across the nation.

AEC currently provides a range of software and hardware products to the Architecture, Engineering and Construction industries. Their commitment to service and their strong focus on customers� requirements has helped the company to achieve a leading position in the Australian construction market. AEC will offer a range of Asta�s solutions based on its leading construction project management software, Asta Powerproject, from standalone project management software for smaller construction companies through to enterprise project management systems including PDA and web-based site progress and client reporting reporting tools for larger construction companies.

In addition to training and supporting AEC staff, Asta Development will also be sending its International Business Consultant, Graham Dix, to Australia for three months from May 2007. Graham will assist AEC in sales and marketing activities as well as customer training. The objective of this visit is to help transfer knowledge from Asta to AEC to ensure that they become a premium distributor of Asta Powerproject with the ability to provide first-class after-sales support and training.'

[ansc] 23/3/2007 10:31

Hi wcb. Yes, Mr K's purchases were indeed a pleasant surprise especially as the directors have been awarded a further stash of share options this week under their LTIP. I have to admit, however, that such awards really get up my nose when you consider directors are basically only doing what they're paid to do and already being well rewarded for doing just that. On top of which, shareholders - i.e. the company's owners - are not privy to what the future eps growth over the next three years has to be before these options can be vested.

Very irksome. It even made me consider whether it's time to top-slice....

[westcountryboy] 23/3/2007 10:00

Hi ansc - I doubt a tip. Parts of the smallcap market a bit frothy today. And you'll have noticed that Mr K bought another 40,000 this week - no doubt small change for him, but still very gratifying!

[ansc] 23/3/2007 08:52

Has there been a 'tip' somewhere this morning? A limit of 2500 shares to buy on HLS this morning so it certainly points that way - obviously an example of MMs 'maintaining an orderly market'! LOL.

[geoffg] 22/3/2007 16:32

I don't like the phrase but, have we just seen the end of an mm tree shake ?
It would be nice !

[ansc] 16/3/2007 20:19

Yet another 'X' trade marked, this time 87k @ 91p. I wonder if it's the same buyer, seller or buyer and seller. Intriguing....

[njp] 16/3/2007 10:31

X trades are often considered fairly bullish indicators in that they can signal clearance of an overhang. Someone's obviously willing to buy in size at this price.