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ELCO Eleco Public Limited Company

131.50
1.50 (1.15%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Eleco Public Limited Company ELCO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.50 1.15% 131.50 15:58:19
Open Price Low Price High Price Close Price Previous Close
130.00 130.00 131.50 131.50 130.00
more quote information »
Industry Sector
CONSTRUCTION & MATERIALS

Eleco Public ELCO Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
23/04/2024FinalGBP0.005513/06/202414/06/202428/06/2024
12/09/2023InterimGBP0.002521/09/202322/09/202306/10/2023
28/03/2023FinalGBP0.00518/05/202319/05/202302/06/2023
28/03/2023SpecialGBP0.005818/05/202319/05/202302/06/2023
13/09/2022InterimGBP0.00222/09/202223/09/202207/10/2022
31/03/2022FinalGBP0.00401/06/202206/06/202220/06/2022
15/09/2021InterimGBP0.00223/09/202124/09/202122/10/2021
29/03/2021FinalGBP0.00413/05/202114/05/202111/06/2021
24/09/2019InterimGBP0.00303/10/201904/10/201931/10/2019

Top Dividend Posts

Top Posts
Posted at 25/7/2024 10:49 by ansc
25 July 2024 -Eleco Plc ("Eleco", "Group" or the "Company")

H1 Trading update

The Board of Eleco plc (AIM: ELCO), the specialist software provider for the built environment, is pleased to provide a trading update for the six months ended 30 June 2024 (the 'Period'), based on unaudited management accounts for the Period.

Trading highlights

Eleco delivered further record growth in both Annualised Recurring Revenue1 ("ARR") and Total Recurring Revenue2 ("TRR"), reflecting continued progression on its growth strategy.

· ARR at 30 June 2024 increased 31% to circa £25.8m (£19.7m at 30 June 2023).

· TRR increased by approximately 24% to £12.0m (H1 2023: £9.7m), representing 74% of total revenue (H1 2023: 72% of total revenue), and 75% of total revenue excluding the effects of the Vertical Digital acquisition.

· Total revenue for the period increased by 21% to circa £16.3m and in constant currency terms approximately £16.5m (H1 2023: £13.5m). The organic growth rate for the period over its comparable period was 12%, excluding acquisition effects3.

· Cash as at 31 June 2024 was £12.0m (at 30 June 2023: £9.4m; at 31 December 2023: £10.9m) reflecting strong cash generation notwithstanding the Vertical Digital acquisition consideration of £1.1m and an increased final dividend payment of £0.5m (H1 2023: final dividend payment of £0.4m).

1 ARR is defined as normalised annualised recurring revenues and includes revenues from subscription licenses, contract values of annual support and maintenance, and SaaS contracts. This ARR figure is calculated with the inclusion of contributions from acquisitions as part of the Group business going forward.

2 TRR is defined as the recurring revenues from subscription licences, contract values of annual support and maintenance, and SaaS contracts

3 Revenues in H1 of 2024 include the first half contribution of the BestOutcome acquisition and also approximately two and a half months contribution of the Vertical Digital acquisition.

The Interim Results will be reported in full in September with a date to be confirmed in due course.

Jonathan Hunter, Chief Executive Officer of Eleco plc said:

"We are proud to report positive momentum in Eleco's trading performance for the first six months of the 2024 financial year, moving significantly ahead of the first six months of 2023.

As anticipated with the launch of AstaGPT, our customers have benefited from using Generative AI to find tailored support from the wealth of our knowledge bank of documentation. AstaGPT was shortlisted for the Innovation of the Year at the Digital Construction Awards 2024. We also recently launched Asta Vision LiveTM, a powerful new collaboration capability which allows multiple project planners and stakeholders to work simultaneously on a project in an encrypted, SaaS cloud-based environment.

Integration of the April-acquired Vertical Digital business is progressing well. This has bolstered our ability to meet our internal technical resourcing demands, utilising its proven track record in agile and innovative software development and consulting.

Eleco is well positioned in an attractive market that is increasingly utilising technology to meet the demands of the built environment and the Company continues to strengthen its reputation as a trusted provider of best-of-breed technology solutions.

The Board remains confident that Eleco will perform in line with market expectations for the full year."
Posted at 15/7/2024 17:26 by robow
Gervias Williams discusses Elco on Vox markets



mentions that broker has 160p TP
Posted at 05/6/2024 15:40 by adamb1978
I'm planning to hold for longer than 12 months, assuming the company's transition continues. I'm relatively new in to ELCO (well, 5 months) so possibly have a different view to some
Posted at 04/6/2024 19:07 by ansc
41,607 shares bought today against 22,447 sold and the share price is marked down 2p .....par for the course for ELCO shares!
Posted at 04/6/2024 10:21 by ansc
4 June 2024 - Eleco Plc ("Eleco", "Group" or the "Company")

AGM Statement and Q1 2023 Trading update

At the Company's Annual General Meeting ("AGM") being held at 11:00am today, Mark Castle, Non-Executive Chairman of Eleco Plc (AIM: ELCO), the specialist software provider for the built environment, will make the following statement:

"We are pleased to report that the business continues to perform well with a solid trading performance over the first four months of the financial year. The Board remains confident in the outlook and trading remains in line with market expectations for the full year.

It is good to see that the hard work and delivery has started to be recognised in the share price, with a 45% increase over the past 12 months. We look forward to driving further growth across the Group in the years ahead."
Posted at 03/6/2024 09:57 by fillipe
Sparkling 13% rise today at ELCO!

f
Posted at 23/4/2024 08:03 by johnwise
Elecosoft Public Limited Company (ELCO)

Final Results

The Group remains free of debt.
Posted at 19/1/2024 10:46 by adorling
Paul Hill (Analyst) has stated on Hot Stocks (Vox Markets)this morning that ELCO is the share he recommends as achieving the biggest potential gains in 2024 and 2025. He has 10% of his portfolio in ELCO which is good skin the game.
Posted at 27/12/2023 10:50 by ansc
No Chris, ELCO remains as one of my major holdings as has been the case for the past 20-odd years..... I can't see that much has happened in the past twelve months to make me change my mind.

Best wishes for 2024.
Posted at 08/12/2023 19:32 by ansc
08 December 2023 - Eleco plc ("Eleco" or the "Company")

Board Appointment

Eleco plc (AIM: ELCO), the specialist software provider for the built environment, is pleased to announce the appointment of Alyson Levett to the Board as an independent Non-Executive Director and Chair of the Audit and Risk Committee, with immediate effect..

Alyson, a Chartered Accountant, has over 20 years of leadership experience spanning various sectors such as software, telecommunications, consumer services, FMCG, and manufacturing. Currently she holds directorship positions at AMTE Power plc and the Financial Services Compensation Scheme Limited where, in both cases, she is the Chair of the Audit Committee; she is also a director at Fetherston Grange Residents Association Limited. Her most recent executive position was as the Chief Financial Officer at I-Nexus Global plc, where she played a pivotal role in their strategic direction, oversaw finance operations and guided the company through its IPO on the AIM market in 2018. With a proven track record in change management, Alyson brings extensive expertise in software, technology, risk management and cyber security to the Board.

Mark Castle, Non-Executive Chairman of Eleco, commented:

"I am delighted that Alyson has agreed to join the Board and will be bringing with her significant experience and commercial acumen. We welcome Alyson to the team and look forward to working with her as we continue to drive the business forward".

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