We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eleco Public Limited Company | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 92.50 | 91.00 | 94.00 | 92.50 | 92.50 | 92.50 | 535 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Programming Service | 26.57M | 2.4M | 0.0291 | 31.79 | 76.13M |
Date | Subject | Author | Discuss |
---|---|---|---|
20/4/2016 12:03 | Is there any interest t combine votes to remove the Exec. chair Ketteley since - ELCO has performed badly with him as exec. chair since 1997 - has no qualification in software - has no mngmt experience in software - is bleeding the company dry via exorbitant renumeration, 420k pnds in 2014. for tiny company with turnover of only 15M. The company is operating solely for HIS BENEFIT. This must end. - too old - in interviews he ums, ahs, ehs. BUt ELCO needs a skilled and dynamic chairman with experience and success in software sector (such as Michael Jackson, from ACC or the chaps from MXC who hve been making structural changes via acquisiitons/sales) and ELCO does NOT need an exec. chairman with 180 staff and 15M turnover it can NOT support the cost of 3 exec. dirs. A non-exec chair on about 50k would be sufficient. ---- Any support for voting him out at forthcoming AGM ? | wiseboy1 | |
20/4/2016 11:41 | False accounts btw Ketteley. Exec. chairman "Total 2014 Renumeration 329k" when the truth is 329 + 91.k given on same page = 420k and 35K lease cost is paid to Mr Kettely for London address (if I recall correctly the co. moved to that address !, to benefit the chairman I assume ??) 35k, up from 25k in 2013 !!, massive % increase And appears to even charge the company for office at his home ! £5,000 (2012: £5,000) for a contribution to the office costs at Burnham-on-Sea. I dont know any other company that allows/does this. NONE. ONLY ELCO For an exec. chairman that is um, ah, eh, um, .....old and struggles to get his words out..and no experience or qualification in software .....and has never been a success at ELCO despite being exec. chairman for more than 16 years. (while the MD in 2013 got paid 180k, so the MD, who has to have experience and skills in mnging software development only gets less than half !! than what some old fart that has no experience or qualification in software (in a software company !) gets paid more than DOUBLE !! Ridiculous. | wiseboy1 | |
20/4/2016 11:30 | 2014 accounts "Earlier this year, Michael McCullen left ELECO by mutual consent to pursue a career as an independent consultant." So, 2015 accounts will say "Earlier this year, Nick Caw left ELECO by mutual consent to pursue a career as ......" makes writing the accounts easy....just need to change the name of the MD that is leaving !! | wiseboy1 | |
20/4/2016 11:23 | So Nick Caw has gone. Someone with years of software mnmgt experience and years at ELCO leaving behind an exec. chairman with NO software knowledge and no record of ever being a successful at any company !! Wrong way around imo | wiseboy1 | |
20/4/2016 11:21 | Rathkum and ANSC Are you brothers/sisters of Mr Ketterley ? despite him being a bloodsucker and the company doing badly with him as leader and other directors usually staying only 1 year....time after time... you repeatedly defend him....in a brotherly way when you should be criticising him and pushing for him to be thrown out | wiseboy1 | |
20/4/2016 11:18 | So would it be fair to say that Mr um, ah, um, eh, Ketterley 1) is just an old parasite that is sucking the blood out of the company for his own personal gain using an extortionately high salary and charges for everything he can think of. 2) ..while there is NO justification at all for him being an exec. dir. of a software company when he has NO background or qualification at all in ....software 3) that no one is willing to work with Mr Ketterley as exec. chairman and he gets through directors like someone with a cold gets through Kleenex ! 4) that the costs to shareholders of redundancy payments to departing directors is painful 5) that Mr Ketterley gets rich while he um, ah. eh, bumbles his way along while shareholder get NOTHING....not even a miserly dividend 6) Ketterley appears incompetent and with him as chairman the company has never done anything and in fact sufferred massive losses a few years ago forcing massive layoffs, a collapse in the company size and a rescue cash raise | wiseboy1 | |
19/4/2016 16:20 | I agree with your interpretation regarding today's sells, rathkum, as the shock of reading Nick Caw's departure gave me serious food for thought last night; until my chat with JK this morning, I had given a lot of thought as to my next move. Even John mused that the announcement could probably have been handled better. With the cloud lifted, I have no qualms about staying put. Eps grew by 38% last year and I can envisage at least 50% growth being achievable in 2016. With a prospective eps of at least 1.6p for 2016, the current share price of 25p is far too cheap (imv). I always felt that finnCap's target price of 35p last year was a bit fanciful but I'll willingly go along with that figure now. Looking forward to the AGM [26th May]. | ansc | |
19/4/2016 14:51 | Thanks for this, roll on the 35p...... | chrisdgb | |
19/4/2016 14:44 | ansc - I felt the results announcement yesterday merited a small rise in the share price. It appears some investors felt uncomfortable and rightly so with Nick Caw's departure guessing as to the nature of his departure, hence a fair number of sells. Good of John to clear the uncertainty. | rathkum | |
19/4/2016 13:54 | Thanks, rathkum. The news of Nick Caw's departure troubled me somewhat yesterday so telephoned the chairman just before lunch today; basically he reiterated what is said in the Interactive Investor article but added that the parting had been achieved amicably so much so that Caw will be making himself available for future software consultation should the need arise. It has to be said that Caw's 'replacement' as COO appears to be the right move. He's had a lot to do with getting Elecosoft up and running in the USA and, by all accounts, rapid expansion over there is taking place; potential looks awesome (imho)! I was pondering last night whether going over-weight in ELCO had been a wise move but feeling much more relaxed about it now following my chat with Mr K. | ansc | |
18/4/2016 18:26 | Link to the chairman speaking to Share Radio this morning re the company's results: One thing I found puzzling/baffling in the announcement was the news that Nick Caw (the young CEO) had left the company 'to pursue his other interests'. Why? Anyone with a viewpoint? | ansc | |
18/4/2016 10:19 | Chairman's statement: Outlook Elecosoft has now established itself as an international provider of market leading software applications for 5D BIM project management, estimation, 3D architectural visualisation, visual business systems, engineering software, and cloud based solutions. Although our software and related services are aimed principally at the international construction industry market, we also develop market leading software for digital marketing and architectural applications. Elecosoft has a major presence in the markets it serves; it is financially sound; and above all has outstanding teams of highly dedicated, talented, and creative developers backed by a strong management team. For these reasons, I have every confidence in the future of Elecosoft as we move forward. I am pleased to report that 2016 has started encouragingly and that we expect to deliver significant revenue and profit growth in line with market expectations. | ansc | |
18/4/2016 09:16 | Described by Hardman & Co as a very strong set of turnaround results....... | chrisdgb | |
18/4/2016 07:11 | Nice optimistic set of results.... | chrisdgb | |
13/4/2016 08:32 | Not long until Monday...bullish outlook please..!! | chrisdgb | |
05/4/2016 07:34 | Doesn't seem to be much stock around...could get squeezy on good results. | chrisdgb | |
04/4/2016 07:00 | Looking forward to these final results, should get us back towards the 30p mark.. | chrisdgb | |
03/3/2016 12:10 | Thanks, rathkum, a great spot. I'm itching a buy a few more at this ridiculous price but 'my cup runneth over' already. Sub 22.0p, however, and I won't be able to resist! | ansc | |
24/2/2016 09:12 | Had level 2 until last year but discontinued as my portfolio has been whittled down to just a handful of stocks. | rathkum | |
19/2/2016 10:08 | chrisdgb: finnCap have confirmed that there has not been any recent reiteration of their 35p target price [which followed their appointment as ELCO's NOMAD last year]. I agree, rathkum, most encouraging seeing as the company is one of the front-runners in respect of BIM. However, we both know that their share price is usually news driven (the recent 'Midas' spike!) so, with the annual results announcement likely to be the next newsworthy event - last year on 5th May but hopefully slightly earlier this year - I'll be sitting on my hands for a couple of months; there is still a constant trickle of sellers which should keep the price in check. o/t: Do you find it worthwhile being an ADVFN level 2 user? | ansc | |
18/2/2016 08:52 | Well spotted ansc and very encouraging. Tempted to add a few more once I receive the proceeds next month from the Interbulk takeover. Eagerly waiting for the finals after which I hope a re-rating is on the cards. | rathkum | |
16/2/2016 10:30 | Jason Ruddle (MD of Elecosoft UK) speaking at the EU BIM Task Group meeting - 5th February | ansc | |
16/2/2016 08:19 | Bloomberg state the date as 3rd February update.. | chrisdgb |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions