Eleco Public Share Discussion Threads

[smithie6] 10/4/2017 13:51

...have to second that..
I have been worried in the past by the never ending changing of exec. directors ...after only short occupancies...

but
the results and positive outlook cast those worries in to the dust...

[rathkum] 08/4/2017 13:14

Before you contemplate taking full or partial profits from the recent rise in the share price which many of you may have already done so or decided to stay the course, you may want to consider the following facts.

Early last year, Aconex an Australian company providing mobile and web-based collaboration technologies for project information and process management acquired Germany based rival Conject for £51m.

For the financial year ended 31 December 2015, Conject generated £19.3m in total revenue and only £0.7 in EBITDA.

For financial year ended 31 December 2016, Elecosoft reported revenues of £17.8m and £2.4 in EBITDA plus the dividend.

Market Cap. £35m

Now do the maths.

[smithie6] 08/4/2017 12:11

Rathkum
....I was busy for a few days...( :-(((( !!) so didnt see the share price in recent days..

46-47p !

....as chapter 5 of the "Skilled Investor" book says
'lurvely jubberley' :-)))
( jesting)

Although big hldrs must be very pleased.

[ansc] 07/4/2017 18:33

N G Bailey sings Asta Powerprojects praises:

[as usual, you need to read the full case study]

[phodson28] 07/4/2017 09:04

Loving it :-) I have learnt my lesson from recent shares that go up quickly to hold and not sell, been burnt too many times trying to get back in when they sail on upwards after i have sold. Shares that are going up typically keep going up....

[interceptor2] 07/4/2017 08:58

And continuing it's breakout today :o))

[cfro] 06/4/2017 15:34

Breaking out.

[ansc] 05/4/2017 11:18

Hi rathkum. Whose forecast is that? It's not finnCap's as I've seen theirs which, although similar, varies slightly to that.

[ansc] 05/4/2017 09:32

Post deleted ..... mis-read the chairman's comment re dividends!

[rathkum] 04/4/2017 21:38

Forecast

Revenue Pre-tax EPS P/E Div.
2017-12-31 20.59 2.24 2.17p 18.7 0.45p
2018-12-31 23.19 2.93 2.84p 14.3 0.52p

[brummy_git] 31/3/2017 08:53

Probably just a bit of natural consolidation, ahead of the April 5 tax deadline

[smithie6] 30/3/2017 22:45

Germany is 3. M while UK is 5.5M

German population being bigger than UKs..

..imo ELCO's German turnover has good odds to keep growing relative to its UK turnover

ansc.....I like the underlying data as you do...& Im sure others as well

[ansc] 30/3/2017 17:42

A lot of selling pressure recently (at 40p[ish]) but price unusually steady; I wonder why?

[ansc] 30/3/2017 09:48

I don't always get as far as reading the footnotes to the announcement but there's some interesting information there. For example:

Geographical, Product and sales channel information

Revenue by geographical area represents continuing operations revenue from external customers based upon the geographical location of the customer.

Revenue by geographical destination is as follows:

2016 2015
GBP'000 GBP'000

UK 5,498 4,857
Scandinavia 6,745 5,950
Germany 2,982 2,308
Rest of
Europe 1,653 1,359
Rest of
World 917 786
17,795 15,260
------------- -------- --------

Rest of World includes revenue from customers in the USA of GBP633,000 (2015: GBP571,000).

Revenue by product group represents continuing operations revenue from external customers.

Revenue by product group is as follows:

2016 2015
GBP'000 GBP'000

Project management 8,572 7,493
Site management 474 396
Estimating 2,964 2,557
Engineering 2,827 2,373
CAD/Design 1,137 1,001
Visualisation 1,821 1,440
17,795 15,260
-------------------- -------- --------

The Group utilises resellers to access certain markets. Revenue by sales channel represents continuing operations revenue from external customers.

[smithie6] 28/3/2017 16:30

Ansc
Has the gross profit margin not reduced from 89% to 86.5% ?

You are referring to something else phps ?

[smithie6] 28/3/2017 16:11

..nice...well spotted..

[interceptor2] 28/3/2017 14:57

Margins are increasing strongly, using the adjusted figures which I believe are a fair reflection, net margin has increased to 8.9% from 5.2%.

[cfro] 28/3/2017 13:50

Completely agree ansc..

Looks like some buying interest today.

[ansc] 28/3/2017 12:23

Having had a little more time to study yesterday's figures, one fact surprisingly omitted yesterday was that gross profit margins during the past year have increased (my calculation) by 55% to 11.2%. The ICON system having a beneficial effect already?

[ansc] 28/3/2017 12:12

Another extract worthy of a mention from yesterday's announcement:

Executive Chairman, John Ketteley said:

"I am pleased to report a significantly improved trading and financial performance by Elecosoft in 2016. Elecosoft is fast becoming a truly international provider of market leading construction software applications for digital construction, 5D BIM, project management, estimation, 3D architectural design, timber engineering, and visual marketing software applications. I am therefore pleased to say that the current year has started well, our financial position is strong and Elecosoft is particularly well placed post-Brexit from a trading standpoint."

In that summing-up, I can't see any reason to sell.

[smithie6] 27/3/2017 22:44

....and there lies part of the attraction to the shares imo

;-)

( added turnover should be more profitable,
& of course if they were ever to reduce their development spend then the profit jumps up)

12 months till next annual results !

[phodson28] 27/3/2017 22:36

Smithie it was 2am my time when I read the results half asleep just remember thinking the recent growth percent looked low vs profit growth percent will have a good read when I finish work...