Eleco Public Share Discussion Threads

[rathkum] 18/11/2017 12:52

Eight top shares that meet Jim Slater's investment rules

By Stockopedia and Ben Hobson | Wed, 15th November 2017 - 14:24

Slater's strategy focused on earnings growth, profitability, strong cashflow, low debt and signs of share price strength. It also included what's known as the PEG, or the 'price-earnings growth' factor.

The PEG measures whether the promise of growth comes at a reasonable price. It's calculated by dividing the forward price-to-earnings ratio of a share by the estimated future growth rate in earnings per share (EPS). Any share with a PEG over 1 would get short shrift from Slater. A score of 1 receives consideration and anything under 1 is worth a closer look.

Here are some of the companies that do currently pass the rules...

Name Mkt Cap £m Forecast PE Ratio PEG Slater ROCE %
VP 347.3 9.9 0.3 13.2 +9.9
Alumasc 61.1 7.6 0.5 19.5 +6.3
Inspired Energy 112.4 12.1 0.5 16.8 +42.2
Elecosoft 33.7 16.0 0.6 15.6 +43.7
Games Workshop 673.6 14.0 0.7 60.0 +242.6
iomart 376.6 18.0 0.7 16.8 +22.0
Luceco 406 19.8 08 30.7 +48.0
IG Design 240.7 17.4 1.0 15.1 +42.6

[rathkum] 18/11/2017 12:52

Eight top shares that meet Jim Slater's investment rules

By Stockopedia and Ben Hobson | Wed, 15th November 2017 - 14:24

Slater's strategy focused on earnings growth, profitability, strong cashflow, low debt and signs of share price strength. It also included what's known as the PEG, or the 'price-earnings growth' factor.

The PEG measures whether the promise of growth comes at a reasonable price. It's calculated by dividing the forward price-to-earnings ratio of a share by the estimated future growth rate in earnings per share (EPS). Any share with a PEG over 1 would get short shrift from Slater. A score of 1 receives consideration and anything under 1 is worth a closer look.

Here are some of the companies that do currently pass the rules...

Name Mkt Cap £m Forecast PE Ratio PEG Slater ROCE %
VP 347.3 9.9 0.3 13.2
Alumasc 61.1 7.6 0.5 19.5
Inspired Energy 112.4 12.1 0.5 16.8
Elecosoft 33.7 16.0 0.6 15.6
Games Workshop 673.6 14.0 0.7 60.0
iomart 376.6 18.0 0.7 16.8
Luceco 406 19.8 08 30.7
IG Design 240.7 17.4 1.0 15.1

[smithie6] 08/11/2017 12:06

a non exec. buys some shares

+ve

[smithie6] 25/9/2017 13:23

well done ELCO....good results ( based on a 2 minute look) & progress...& investing a lot in improving products etc, which is good..

& solid % growth for various numbers

& trading since the end date for these results is reported as good

so, based on a quick look the results look good to me

..( the revolving door for FDs ...& other departing dirs....is there a problem ?...who knows...well it hasnt stopped progress in last 2-3 yrs)

[smithie6] 25/9/2017 13:12

...well, turns out that those were indeed shrew buys ! ( & glad I added a few more around 42-43p when it looked ignored by most of the mkt but with some firm buying quietly going on )

price up nicely with results


Im looking on my smartphone...difficult...has anyone gone thru the results and got any comments ??

[smithie6] 14/9/2017 13:08

and a buy of 9k pnds at 45p

assuming the ppl putting thru bigger value trades are shrewd ppl...then its all looking good in recent days

[smithie6] 12/9/2017 15:25

delayed reporting of 30k pnds buy at 44p around 10am this morning

might be part of the reason for today's rise...

[smithie6] 12/9/2017 14:47

buyers have been queuing up today.& a lot of trades have gone thru...& price up a solid 5%

has it been tipped somewhere ??

[lgw500] 24/8/2017 17:52

One might question the selection process for an FD. How would Oscar Wilde put it? To loose 1 FD may seem like carelessness, to loose two is highly disturbing. The MM's have taken note and I have grave concerns over Mr. Ketteley despite his legion of followers. I would have sold my two holdings last month if there had been anyone to purchase them at the crazily high price they were shown by the MM's for some strange reason.

[smithie6] 22/8/2017 13:53

Imo there was no 6 months probation..

Imo if you hire a qualified experienced FD ...after due diligence..

Then you have to pay the contracted pay off if he leaves, except if gross misconduct.

[smithie6] 22/8/2017 13:33

..."terse announcement"

Indeed...

'Suddenly left'...

Guesses ?
A shouting match with someone higher up ?
(MD or chairman)

Refusal to bend or adjust the accounts as dictated from above ?

Not working hard enough to get the accounts out on time ?

Brain ache from handling different currencies etc. (Complicated in some aspects imo)

----

In last 5 years phps 1M quid gone in dir pay offs. imo

(Not common for FDs to leave for squabbles imo.....normally they are the king of the accounts...fullstop...and left to it)

[smithie6] 22/8/2017 13:25

Ive posted before about worrying short duration tenancy for directors...except Ketteley...

Anyone know the bod.....is there a problem with working with Ketteley ....or is it pure chance that directors stay less than 12 months....time after time after time...?

[rhomboid] 21/8/2017 18:02

Plus they pay £43k a year to rent an office for the chairman iirc from a company owned by the chairman...and then need to rent another office for him for £5k p.a. in Burnham on crouch so he can be nearer the office🙄

[quant_investor] 21/8/2017 17:21

I suspect his probationary period was 6 months.

ELCO seem to have a revolving door policy for the role of Finance Director. It's a bit like the hot seat on 'have I got news for you'. Not seen anything like it before.

Growth looks pretty decent, but this is a bit of a red flag for me I'm afraid.

GLA

[b1ggles] 21/8/2017 13:06

Surprised nobody has commented on what seems the rather sudden departure of the Group Finance Director after only six months.

No reasons given in what seems a slightly terse announcement.

[ansc] 01/6/2017 12:38

Galliford Try + Asta Powerproject = Birmingham Conservatoire

[read full case study]

I'm still baffled as to why Mingy Machs seem so determined to keep the share price up even in the face of some chunky 'sells'.

[kemche] 30/5/2017 18:02

Relentless climb still.............

[smithie6] 30/5/2017 16:23

..ansc..
maybe the 2-3p rise today wipes out your scrip issues ;-)

-----

Surprising the jump on tiny volume at end of the day...a 1p rise I was expecting since buys have kept going thru. but seemed to be getting filled without any problem...

perhaps the MM has filled a sell order (2 big trades shown) and doesnt have another block to sell...

[ansc] 26/5/2017 11:15

Thanks, Steve, if they are increasing their charges that effectively rules them out.

[stevemarkus] 26/5/2017 10:02

I know Barclays will take up scrip issues if you have dividends reinvested. But I have just moved from them to Hargreaves Lansdown as Barclays were putting up their charges a lot for larger portfolios.

Cheers,
Steve.

[smithie6] 25/5/2017 19:57

What about moving your account to register your objection...or moving your ELCO holding out to cert format

...your broker might then review their policies....

[ansc] 25/5/2017 09:46

I'm not surprised in the least that so few shareholders took up what appeared to be the very generous scrip dividend offer alternative. With my own broker (Hargreaves Lansdown Stockbrokers) not allowing scrip issues in their nominee accounts, I contacted three others - with a view to transferring my custom - but none of them allowed 'scrips' online either.

With the scrip shares being priced at 38.95p and the current offer price now 49.0p, I've calculated that it's cost me £714. My broker's argument is that, being part of a large pooled holding, it was impossible for them to differentiate each individual shareholder's entitlement. Bunkum! How do they manage to allocate dividends then? And I've also done two rights issues with them in the past. I will be putting my complaint to the Financial Ombudsman in due course but, according to HLS, even if the Ombudsman agrees that this is an unfair practise, the broker can not be made to change their terms and conditions.

In the meantime, has any shareholder participated in an online scrip issue with their own broker?

edit: slight miscalculation, have amended my 'cost' figure.

[smithie6] 22/5/2017 12:30

few chunky trades gone thru in last 2 weeks....be interesting to know who was doing those

----

Price up today....
@fulltimeinvest yesterday tweeted casually in passing that happy to keep holding and that last trading update was good....but whether or not anyone reads those tweets is another question !