Eleco Public Share Discussion Threads

[gswredland] 04/6/2020 18:58

Tipped by naked trader today

[ansc] 04/6/2020 18:27

Powerproject Vision used by Carey Group:

[ansc] 04/6/2020 09:24

What can one say? Trading update far better than I was expecting (and the share price has responded accordingly):

Executive Chairman, John Ketteley, commented:

"The thorough planning, initiative and rapid response of our employees in dealing with the Coronavirus disruption meant that within less than two weeks all our business units had begun home working and had switched to the online delivery of training, consultancy and support services to our customers. The initiatives taken by all my colleagues in every business unit of the Elecosoft Group made a vital contribution to our dealing successfully with the unprecedented disruption to our operations threatened by the Covid-19 outbreak and we thank them all."

[edmonda] 04/6/2020 07:35

Trading update today shows a very impressive 25% jump in PBT as less money spent vs just a 3% decline in revs year to date.
Full review published by Equity Development here :

[ansc] 03/6/2020 18:44

The company's online AGM tomorrow, I was going to register but I understand it's going to be restricted to the completion of the Resolutions listed so decided not to bother.

It's become standard procedure in the recent past for the chairman to start the meeting with his AGM statement (trading situation); in these exceptional conditions will there be one this year?

[ansc] 02/6/2020 17:50

Market Manipulators raised the share price today on very low volume, not my favourite scenario.

[smithie6] 22/5/2020 13:25

ansc

but if they put some costs into a bucket & call them 'investment in intangible assets'

or move lease costs to another bucket

or downgrade the value of an asset in one year, then win a contract with it & then move the value back up the next year & report a gain in doing it

or the value of an acquisition is considered to be higher than was paid, producing a gain & increase in profit (STM reported that this year)

etc etc

they can make the reported EPS anything they want it to be in order to meet an EPS target, imo

[illiswilgig] 19/5/2020 16:50

Checking my records I see that I purchased a few at 7.38p in May 13!

Sold some since then to take some gains but still have quite a few and have bought a few more recently.

It is hard to remember what a different company this is now, the transformation is very impressive.

I look forward to seeing what the next 7 years brings, and here's hoping I've not doomed things with that sentiment,


cheers

[ansc] 19/5/2020 14:28

Interesting RNS 'Options' announcement this morning with any one of five alternative eps condition targets needing to met before vesting can take place. In my experience, Options aren't normally issued with improbable vesting conditions so even if the lowest eps target is achieved, shareholders would be delighted as the share price by then should be well north of 100p

[ansc] 15/5/2020 10:36

Thanks, rathkum. With my track record, any investment on the stock market is a gamble but having spotted our venerable chairman had purchased 1.0m shares(@ 7p ish) at the time decided to take the plunge myself ..... so glad I did.

Any mention of the dreaded 'R' word and investors seem to rush for the exit without thinking it through. Construction has usually been at the forefront of most past economic recoveries and, going by what the UK government have been indicating, it's probable that's what will happen this time as well. Yes, we're likely to be in a for a lengthy recession but, unlike many UK companies, financially ELCO is in a solid position and, with over half of their earnings being in Europe (with most of Europe having come out of lockdown before the UK) plus toeholds now in Australia and NZ, I struggle to understand why investors are wanting to sell.

[rathkum] 12/5/2020 14:58

Hi ansc, I am sure you would agree it was an out and out gamble then but with JK and JH at the helm perhaps it was a no brainer.

I wish you good health and that you will stay safe during this difficult time.

[johnsoho] 12/5/2020 12:39

Just purchased my first tranche of shares in this company; I think it’s future looks very promising ,but as always, time will tell.

[ansc] 11/5/2020 13:50

Hi rathkum, few on this thread were around in those days but what an investment that turned out to be! In spite of what some think, there's plenty of life in our 'old' chairman still!!

A shame we'll have to miss out this year on probably one of the best lunches provided for AGM shareholders after the meeting ..... but there's always next year to look forward too.

Stay safe.

[rathkum] 11/5/2020 13:30

What an incredible journey from the lows of 7p in 2013. Management,Management Management.

[brummy_git] 11/5/2020 11:39

7 minute video on top picks across construction and building sector

hxxps://www.linkedin.com/posts/paul-hill-a5994116_vp-vanl-tw-activity-6665545376923217920-l9ge

[petewy] 11/5/2020 10:56

Agreed ansc

[ansc] 11/5/2020 10:27

These excellent figures speak for themselves. In spite of Covid-19, I'm prepared to look beyond the end of my nose and will be staying on board.

[edmonda] 11/5/2020 09:08

Good results with 14% growth in revs plus 89.5% gross margin and net cash £1.1m at end Dec'19.
New research out from Equity Dev highights comfortable cash, high retention rates and recurring revs - on just 2.4x EV/sales '19. Free access here:

[thelongandtheshortandthetall] 11/5/2020 08:26

"Elecosoft delivered a year of growth, cash generation and product innovation in 2019, despite the uncertain trading conditions experienced in the lead up to Brexit. We increased our revenues by 14 per cent, our profit before tax by 45 per cent and our earnings per share by 43 per cent. Powerproject XV, our latest project management programme, also won the "Hammers" award for the UK Project Planning and Management Software of the year, for the sixth time.

[brummy_git] 11/5/2020 08:09

FYI, latest ELCO commentary here

hxxps://www.linkedin.com/posts/paul-hill-a5994116_elco-warrenbuffett-cv19-activity-6665498672328949760-tz5N

[ansc] 30/4/2020 12:00

Being used worldwide, Minsur SA (a Peruvian mining company) knows about Powerproject 4D BIM:

[ansc] 29/4/2020 11:29

If the LSE marks recorded are true, the nine trades so far this week (21,792 shares) have all been 'buys'. Strange, why have all the sellers stopped?

[mbcontrarian] 27/4/2020 17:46

What is your annual retainer with Elecosoft Paul?

[brummy_git] 27/4/2020 16:29

Agreed ansc - exactly what I said earlier today on Twitter

[ansc] 27/4/2020 14:18

With more and more construction companies resuming work after the Covid-19 initial interruption, one would imagine that Elecosoft's software (e.g. Powerproject) would be in demand as companies are probably being forced to re-schedule plans after this delay. With a lot of Europe not suffering the same virus devastation as the UK (and remembering that over half of the company's 2018 earnings were made there), this year's outlook (imho) is not looking too bleak.