ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ELCO Eleco Public Limited Company

92.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
Eleco Public Limited Company is listed in the Computer Programming Service sector of the London Stock Exchange with ticker ELCO. The last closing price for Eleco Public was 92.50p. Over the last year, Eleco Public shares have traded in a share price range of 74.50p to 97.50p.

Eleco Public currently has 82,300,000 shares in issue. The market capitalisation of Eleco Public is £76.13 million. Eleco Public has a price to earnings ratio (PE ratio) of 31.79.

Eleco Public Share Discussion Threads

Showing 1301 to 1323 of 2650 messages
Chat Pages: Latest  58  57  56  55  54  53  52  51  50  49  48  47  Older
DateSubjectAuthorDiscuss
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
Chat Pages: Latest  58  57  56  55  54  53  52  51  50  49  48  47  Older

Your Recent History

Delayed Upgrade Clock