Eleco Public Share Discussion Threads

[ansc] 26/11/2024 20:23

50k buy (@ 140p) reported after the market closed.

[nhb001] 21/11/2024 13:03

Just FYI. Those last three trades of 5000 each were actually buys. The MMs put them through late to show as sells. Sneaky!

[ansc] 04/11/2024 19:12

A bright start to the week but will it hold?

[virginialouise] 09/10/2024 11:32

What a jump on such little turnover!

[ansc] 08/10/2024 18:21

Further to the above, 10k 'buy' trade @ 140p marked late this afternoon.

[ansc] 07/10/2024 18:14

Yes, whatever it is, it appears to be underpinning the share price.

[virginialouise] 07/10/2024 16:09

I wonder what Ameriprise are up to?

[adamb1978] 16/9/2024 10:05

Target prices tend to be 12 month

[virginialouise] 16/9/2024 09:29

200p! But how long have we to wait?

[ansc] 13/9/2024 09:04

Company's broker has raised their target price to 200p.

[brummy_git] 10/9/2024 07:22

Terrific interview with CEO Jonathan Hunter and CFO Neil Pritchard of Eleco here.

[adamb1978] 10/9/2024 06:51

Yes, nice set of figures.

Anything else that you and I both hold Brummy_git?!? This and FIN both out this morning

[brummy_git] 10/9/2024 06:10

Cracking numbers out today from Eleco.

All the details and commentary here.

[ansc] 21/8/2024 11:10

21 August 2024 - Eleco Plc - ("Eleco", the "Group" or the "Company")

Notice of Results and Investor Presentation

The Board of Eleco plc (AIM: ELCO), the specialist software provider for the built environment, announces that the Company's interim results for the six months ended 30 June 2024 will be published on Tuesday, 10 September 2024.

Investor Meet Company Presentation

The Company is pleased to announce that CEO, Jonathan Hunter and CFO, Neil Pritchard will provide a live presentation relating to the Interim Results via Investor Meet Company on 13 September 2024 at 11:00am BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Eleco plc via:

hxxps://www.investormeetcompany.com/eleco-public-limited-company/register-investor

Investors who already follow Eleco plc on the Investor Meet Company platform will automatically be invited.

[smithie6] 13/8/2024 08:24

~137p

well done ELCO & holders.
gone from 110p to 137p very quickly

[adamb1978] 25/7/2024 15:51

Excellent set of results. With the ramp down of the legacy on-prem business, this is heading to be a 20%+ growth 25%-30% margin business which should be highly valuable.

Market expectations today are £32.3m revenue though they've done just over half of that in H1 (£16.3m) and are growing strongly. It feels like they're well placed to beat expectations as a result.

Very happy to keep holding

[ansc] 25/7/2024 09:49

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."

[robow] 15/7/2024 16:26

Gervias Williams discusses Elco on Vox markets



mentions that broker has 160p TP

[virginialouise] 15/7/2024 10:15

A very welcome uplift to celebrate my birthday!
I am deferring my suggestion that we change the company name to Yo Yo plc.
Fingers crossed.

[essential] 15/7/2024 09:21

What's kicked this little flurry of buying?

[adamb1978] 04/7/2024 10:09

No acquirors stake build nowadays

[darryn1] 03/7/2024 15:47

Maybe ansc, or perhaps a prospective acquisitor.

[ansc] 25/6/2024 18:16

The share price is holding steady in spite of almost non-stop daily selling ..... stake building by an institution?

[ansc] 14/6/2024 18:17

A couple of large 'buy' trades marked today, looks promising.

[adamb1978] 05/6/2024 14:40

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