Eleco Public Share Discussion Threads

[ansc] 29/1/2018 18:39

The sudden and unexpected departure of Jason Ruddle remains a mystery no longer, he's clearly been tempted elsewhere .....[January 29th, Copenhagen - GenieBelt, provider of project management software for construction, today announces a new strategic initiative to digitalise and transform the UK construction industry. To further expand business in the UK, Asta MD & Elecosoft COO, Jason Ruddle, will head up GenieBelt’s strategic UK operation as from April 2018.]

It must have been an irresistible offer from what is virtually a startup company in the UK. Not only has he turned his back on a £112k salary (2016) but has also forfeited the chance of buying 200k shares @ 28.7p if the conditions of the October '16 options issue are met. A brave decision but then he has turned his back on ELCO once before.

[smithie6] 23/1/2018 09:55

amazing imho that in 2018 that companies are permitted to say "in line with mkt expectations" without giving any numbers !!

whereas I think in the USA they would say "our turnover expectation was between xyz & ghf & we now refine that expectation to be within the last top 10% of that range"

---
in any case well done to everyone at ELCO for increasing TO & profit etc etc

[b1ggles] 23/1/2018 09:47

'Significantly higher' sounds very bullish wording, till you read that it was already the 'market expectations'. Happy to have a strong share price rise, though.

[martinthebrave] 23/1/2018 08:34

Rev's & PBT both significantly higher than last year and in line with market expectations. (So +15% & +43%). Moves in to Net Cash. "Successful integration of the ICON business". Look f'ward with confidence... Sounds good. I Hold

[rathkum] 22/1/2018 14:06

No trading statement? Last year's was on 20th January,leads me to expect no fireworks in the yearend results in March/April announcement.

[smithie6] 04/1/2018 13:37

weak share price recently....any views as to why ?
just due to RNS about uk dir. leaving ??

[ansc] 22/12/2017 11:26

Yes, rathkum, ELCO's young execs seem to want to seek their fortune elsewhere on a fairly regular basis. But then, why shouldn't they, it's no good getting to my age having too many regrets (sigh!).

On a brighter note, we both know Johnathan H and he thoroughly deserves his promotion. On reflection, it makes you wonder whether the two changes are in any way connected ... the green-eyed monster?

[rathkum] 22/12/2017 07:39

We have another Elecosoft merry-go-round announcement.

[ansc] 21/12/2017 18:35

Willmott Dixon respond to changing demands using Asta Powerproject:

[ansc] 20/12/2017 16:07

And so say all of us!

[rathkum] 20/12/2017 16:06

Wishing all Elecosoft aficionados a Merry Christmas and a Rewarding New Year with a share price upwards of 55p.

[ansc] 20/12/2017 13:09

Brown & Carroll fits out its project leads with Site Progress Mobile:

[ansc] 19/12/2017 09:37

TKstairs takes staircase business to new heights with the support of Staircon:

[ansc] 13/12/2017 15:37

Willmott Dixon enables site managers to take direct action on progress:

[illiswilgig] 11/12/2017 17:13

ansc - small world!

I've had a small holding in ELCO since '05 which by some fortunate chance I topped up during the lows of 2013. Bought a few more recently as they seem good value especially for what is now a software firm. And discover I am sitting on quite a profit.

Aah, the CAR crash! Yes, I wos there! Took the whole ride from 23p all the way to 500p and back again. When will I learn?

cheers

[ansc] 10/12/2017 14:49

Two more company announcements of (what should turn out to be) moves in the right direction -

Collaboration agreement with Innovative Management Solutions of Texas, USA:



Haldane delivers exciting staircases with Staircon:

[ansc] 05/12/2017 18:46

TILOS helps Tideway teams to visualise and integrate plans for 25km London super-sewer:

[read the full case study]

[ansc] 29/11/2017 19:01

Keepmoat Regeneration chooses Asta Powerproject:

[read the full report]

[ansc] 21/11/2017 14:07

Welcome, illiswlgig, it's always good to see a new name on the bb. Luckily, my ELCO addiction (over 17 years) has so far been a profitable one which has offset my disastrous CAR one.

So saying .....

[illiswilgig] 20/11/2017 18:52

Strangely enough I fell victim to the same addiction today and just in advance of receiving the RNS as well.

cheers

[ansc] 20/11/2017 17:41

My weakness surfaced again today, rathkum, and I added another 10k. I must get some counselling for this addiction!

[rathkum] 20/11/2017 15:41

Well ansc, if this one falls any further and in anticipation of having a January trading update similar to the one earlier this year, I may be hard pressed to restrain my itchy fingers from adding a few more.

[ansc] 20/11/2017 12:53

Hats off to the company for their double award win at the Construction Computing Awards:



The awards clearly recognise the business acumen of ELCO. It's a pity more investors haven't done the same.