Eleco Public Share Discussion Threads

[smithie6] 20/2/2018 11:54

sp up again !

3 days in a row

SYMM !! ;-)

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a key factor imo being that so far there been very few share sellers to supply the buys that have been going thru.....be interesting to see if that continues (I think it will)

[smithie6] 19/2/2018 14:56

a buy of 20.7k shares at 53p (11.0 k pnds)....late reported, the reason for the earlier jump in the share price from 49p area

a sizeable buy for illiquid ELCO

& that buy is after a rise 7% to 50-52p today & 5% on previous trading day; which would normally deter most buyers

so something cooking here imho

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so far no real sellers being generated despite going 46p to 52p to buy...so the buys forced up the sp

[smithie6] 19/2/2018 13:19

interesting that LSE & advfn websites give the share price as 50-51p while most trades are at 49-49.1p....2p lower


so I wonder if a sizeable buy trade at above 49p has gone thru but not been reported yet

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anyway....if not buying or selling more shares then what the share price does on an hourly basis doesnt really matter...although its a good mental excuse to eat out more often !

[smithie6] 19/2/2018 11:55

ah
interesting
last 3 JDM acquisitions were in NZ.
NZ !! ( the combined turnover must surely be tiny, NZ has a small economy & I assume a small construction sector; except for Auckland it is mostly small towns, many with shack style housing)
(with the time difference it must surely create various problems for working with JDM in distant USA; sure a video conf. meeting is possible at say 8pm or 10pm but you try finding SW engineers willing to do it every day or to work nights !)


JDM..about 350 staff according to their website
versus , is it ~ 200-250 for ELCO

I would expect there will be more corporate action in the sector in the future (hot growing sector imho, includes 3D (growing area & only going to grow more) ) & noting that ELCO made an acquisition in Oct 20160
which appears now to be largely bedded in...
so I assume the bod are now able to consider doing another one

ELCO is now nett cash & I assume has significant borrowing capacity since it is solidly cash producing & high recurring revenue from a stable client base...

so I assume that ELCO are also looking at making possible acquisitions

[brummy_git] 19/2/2018 11:05

I guess the timing is probably just coincidence, but one large US rival, JDM Technology Group, has been snapping up numerous overseas BIM/design software developers over the past couple of months

hxxp://jdmtechnologygroup.com/news/

[smithie6] 19/2/2018 10:28

disagree on the reasons

but very pleasant seeing it go up about 5% 2 days in a row
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interesting now chartwise
pushing on resistance of the range 40-50p, since May 2017
fingers crossed some news or the results takes the share price up thru resistance

[ansc] 19/2/2018 09:13

Price being hoisted on minimal trade presumably by the Market Manipulators so that they don't get caught with their pants down by the forthcoming annual results announcement. As far as genuine ELCO investors are concerned, nothing has changed but (I suspect) the 'traders' are now climbing aboard looking for their quick 10%.

[smithie6] 16/2/2018 13:42

...the share price has been range bound since about May 2017....40-50p

fingers crossed that it might start heading up out of that range..over coming weeks

[smithie6] 16/2/2018 12:49

+4%

I expect ansc is a happy bunny today !!

(update. or almost 6%. nice)

[ansc] 15/2/2018 18:54

A 50k sale (@ 44.0p) went through at 08.34 yesterday but the mark not shown until sometime today. The Market Manipulators allowed to win yet again!

[ansc] 14/2/2018 18:59

A 100k buy this afternoon but no sequential 25k sale ..... is the seller away on holiday?

[ansc] 12/2/2018 19:10

Not guilty Sir. With over 50% of my portfolio in ELCO already, my better-half has issued a final warning! As you say, here's hoping the finals in March jolt the market awake to the company's potential although I'm not overly optimistic of that happening!!

As regards Jason Ruddle's unexpected departure, either a brave or foolish decision. He's given-up a lucrative position/package in a well established company for a position in a company trying to get itself recognised in the UK ..... was the carrot too tempting to resist? On the same subject, I've confirmed today that the Asta prefix has been dropped from the Powerproject product and is now under the watchful eye of the very competent JH.

[rathkum] 11/2/2018 12:22

Lastly the 25,000/50,000 buyer was it again on Friday/ Was it you ansc nibbling away?

[rathkum] 10/2/2018 23:15

Hi ansc
Frightened? No, just slightly shaken but I was well prepared this time as I cash out a few of my non core holdings in December expecting an imminent market shake out. However I did add to my existing holding at a very tempting 40.9p last month. It seems Jason Ruddles departure once the news sank in may have spooked some PI hence we saw fair bit of selling in early January. Hope we have no more unheavel in management changes.

I still believe Elecosoft's business model remains in its infancy and with more revenue scale will come better margins. Perhaps the incoming FD will work his magic to get margin more towards 20% of revenue.

How should ELCO be rated at the end of 2019? Well the software tech sector’s PE is currently hovering around 25-30x on average depending of course on which horse is growing fast. Another methodology is to ascribe an EV/EBITDA multiple to any globally focused software company earnings value.

My guess is that the market hasn’t fully accounted for the growth, and we are therefore trading at a relatively cheaper price. Perhaps the finals in March will give the market food for thought.

I nearly fell off my chair when I heard Lombard Risk was being taken out at a crazy price of £52m. Here was a company that has been loss making for the past two years.

[ansc] 10/2/2018 12:29

Hi rathkum, good to see you're around still and haven't been frightened off by the recent market volatility. Thanks for your post, I logged on specifically to do those links so you've saved me a job!

[rathkum] 09/2/2018 20:15

Digital Construction Excellence – Finalists




Technology Supplier of the Year – Finalists

[ansc] 09/2/2018 09:52

Interserve, yet another fan of Powerproject:

[ansc] 08/2/2018 18:51

For a while now, 25k sales and 50k buys have regularly been traded but no notification yet of a 'significant holding' RNS. A little strange.

[ansc] 08/2/2018 13:15

Finally, the most relevant information for shareholders contained in this morning's RNS re the share options issued to the new(ish) FD was possibly this:

'The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2019 is at least 2.97 pence. If the performance target is not met, the Options shall lapse.

The Options are exercisable at 45.0 pence and will expire on 8 August 2027. Details of the director award is included in the disclosure notice at the end of this announcement.'

How should ELCO be rated at the end of 2019? 15, 20 or 30 times earnings? I'll happily take 20 implying a possible share price of 60p. That'll do nicely!

[ansc] 08/2/2018 13:00

A piece of old news but nonetheless of interest to shareholders:

Construction CPM Conference 2018

From 30 January - 2 February, we exhibited Asta Powerproject at the Construction CPM Conference in New Orleans. We had great interactions with conference attendees who were keen to learn about Powerproject. Our next event coming up later this month is the AGC’s 99th Annual Convention.

[ansc] 08/2/2018 12:51

Welcome back David Dannhauser, our new Non-Executive director. DD previously worked for Eleco (as it was called then) from 1994 to 2010 as its FD and, from memory, he was astute, obviously competent at his job and approachable for shareholders. A good appointment (imo).

[ansc] 08/2/2018 12:07

Having been away for a few days, I've got a lot of catching up to do. Fortunately I missed the 'everybody out' market scenario earlier this week or I would have been tempted to add to my ELCO pot which would have been rather foolish as that's overflowing already!

I liked this conclusion to Mirandaj's Keepmoat link:

[Looking to the future

Asta Powerproject is helping Keepmoat Regeneration deliver projects on time across its planning and construction activities, but now Jonathan is starting to introduce it to other areas of the business too: “As well as new build construction, we also have a Refurbishment section for external wall insulation, re-rendering, re-roofing, and internal refurbishments like replacement bathrooms and kitchens. The software is used across that group. We also have a Maintenance group, based in Leeds, which is currently using MS Project. I’ve been up there a few times to start the process of introducing them to Asta Powerproject, because then everything will connect up smoothly.”

Jonathan has been an advocate of Asta Powerproject for 25 years and chose it from a line-up of planning alternative software right from the start. When asked why he liked it then, and remains a user today, he said: “It’s the visual aspect of it – it’s easy on the eye, so if you want people to relate to the programme, it’s what you need. MS Project is just black and white lines, and you need a training course just to set up or understand a P6 plan. I prefer Asta Powerproject. You can easily put a client’s logo on it, so they feel more involved, and you can colour code areas and shade things. It’s just easier to look at and understand.”

Summing up the business benefit of using Asta Powerproject at Keepmoat Regeneration, Jonathan concluded: “Like all projects, our objective is to finish on time and on budget. Asta Powerproject provides the platform from which to monitor progress and costs, while at the same time forecasting any potential delays that could affect the project completing on time.”]

[ansc] 01/2/2018 18:51

A 50k buy at the full offer price (marked just after the market closed!), that's more like it.

[ansc] 31/1/2018 18:39

I find today's trading prices completely baffling. Online quotes from my broker were 44/47p but, apart from one tiny (215 shares) trade @ 46.5p, there were five (totalling 76,837) @ 45.0p, one (50k) @ 45.4p and one (50k) @ 46.0p. Time I changed broker?