Eleco Public Share Discussion Threads

[ansc] 20/1/2020 15:05

Let's get it right, six in 20 years and the longest serving of them, David Dannheuser, has even returned after his sabbatical (change is as good as a rest) to become one of the non-exec directors. You also conveniently didn't mention that, during the last 12 years, the company has transformed itself from being hands-on construction into an international software one.

But hey-ho, that is irrelevant when you're intent on rubbishing the company. Enough said.

[mbcontrarian] 20/1/2020 14:06

Okay, 6... but offset that with 2 stints where no FD was employed and hopefully I can be forgiven. Still remains the highest turnover of FDs on the market...

[ansc] 20/1/2020 13:59

[MBcontrarian - 17 Jan '20 - 15:10 - 811 of 814

I understand your attachment to the company and don't want to offend, so apologise if I have done.

Trying to offer some balance of opinion. 8 Finance directors in almost as many years is something that concerns me personally & lack of organic growth.]

A sweeping and alarmist sentence but how true is it? With all of my long term investments (first ELCO purchase February '20) I keep notes of important events and, over the weekend, read through their file going back over the 20 years; clearly I must have been very lax during this period as I could find just six FD changes (and one of those was appointed on a part-time basis) during these 20 years ..... this concerns me!

If the names and resignation dates of said FDs can be provided, I'll need to swiftly update my notes accordingly. Otherwise I'll assume the 'eight FDs in almost as many years' was a porky pie thrown in for added effect.

[mbcontrarian] 17/1/2020 17:15

Have you looked in detail within the subsidiary accounts that contribute to this "organic" growth?

[rathkum] 17/1/2020 16:55

MB

I have rode this beauty from 2013/14 in the 7p-8p range to the current price. And sure, that has been achieved through lack of organic growth. Give me a break.

[thelongandtheshortandthetall] 17/1/2020 15:28

Thanks calljoe.

That's great. I expect other manufactures and suppliers will take it up too.

[calijoe] 17/1/2020 14:15

Has anyone tried using the AI visualisation software yet?

It appears Karndean are already a customer, and using it to sell floor coverings on their website

"Karndean Design Flooring are one of the first to release Elecosoft’s AI Visualisation Tool marketed as Floorstyle."

[mbcontrarian] 17/1/2020 12:16

But no one can rationally dismiss my comments?

These are serious questions that need to be considered.

[equitydev] 17/1/2020 12:01

If anyone wishes to try out Elecosoft's AI visualisation tool themselves - perhaps even to purchase a new floor covering for their house - then please follow the below link on their website:

[mbcontrarian] 17/1/2020 11:53

Your analysis should elude you the fact they've had the highest turnover of Finance directors on the London stock exchange.Plus growth through acquisition. Free cash flow growth through cutting costs.. Still content with your research?

[ansc] 17/1/2020 11:43

As you say, azure, best to ignore. I'm fairly sure this individual has been on this thread before (under a different handle of course) where he was (as now) continually bleating. Has never got over loosing a bit of money and wants retribution!

[azure8269] 17/1/2020 11:26

MB Contrarian post 797 - 100% not buying. I’m trying my best to help educate.

If I had his view of ELCO I wouldn't hold any!. As he's not buying, he's obviously only here to educate us. Aren't we lucky!

What a waster.

I remember being influenced by these wasters when I first started 10 years ago. As an investor I soon learned to trust my analysis and ignore ramper's and de rampers and this would be my advise to new investors just starting.

The benefit of BB are the serious investors who post something we haven't seen, the rest is just noise

Stay lucky and DYOR

[davr0s] 16/1/2020 19:14

Yeah - I ignore all this kind of thing. Just ride trend until it breaks - everything else is pretty much noise for me

[mbcontrarian] 16/1/2020 18:52

Is everyone aware that Elecosoft pay Equity Development and FinnCap for the research notes they issue? They have a heavy bias in favour of what the company is trying to project and should be digested with caution.

[chalkyboard] 16/1/2020 15:04

I think we can all agree that this is just the beginning, and there is plenty of wood still to chop. However the potential runway for a company like Elecosoft is immense if they can get this right. Time to be patient.

[mbcontrarian] 16/1/2020 14:48

100% not buying. I'm trying my best to help educate.

[thelongandtheshortandthetall] 16/1/2020 14:29

MB-con-trarian started posting on the 5th of Jan.
Haha nice try deramper :)
best of luck.
Bet you're buying in the background 👍

[chalkyboard] 16/1/2020 14:12

But what's it like MBC? Bet its nowhere near as 'realistic' as ELCO's

[mbcontrarian] 16/1/2020 13:52

Ikea already have this technology. You can download the app for yourself...

[mbcontrarian] 16/1/2020 13:52

The market is irrational and emotive.How long can this persist... is anyone's guess.

[petewy] 16/1/2020 13:41

It's cosmetic, but not a great earner.

[chalkyboard] 16/1/2020 13:39

Although clearly this wouldn't happen overnight, but just think what the likes of the major floor (eg Mohawk,Armstrong World Industries, Karndean,etc) and soft furnishings (eg Dulnelm, John Lewis, IKEA, etc) manufacturers/retailers could do with an AI visualisation product like this.

Nevermind of course, the house-builders, who would then be able to sell huge ranges of fixtures & fittings direct to a home buyers, even before the property is completed. All extra profit too.

[thelongandtheshortandthetall] 16/1/2020 13:26

Personally I see the margins starting to increase as the transition to software only, starts to take effect and all the background work and relationship building starts to bare fruit.