Eleco Public Share Discussion Threads

[energeticbacker] 24/9/2020 15:20

A nice business developing here with growing recurring revenues through its expanding software offering. Investor's Champion has been following for many years

[petewy] 24/9/2020 11:56

bought in 4 years ago.Added more today on rec below: hxxps://research.equitydevelopment.co.uk/hubfs/Research/Eleco%20plc/Eleco%20plc%20%20%20%20%2024%20September%202020.pdf

[ansc] 24/9/2020 08:55

I agree wholeheartedly with that sentiment and at 82 years young, John deserves to put his feet up; I'm a few years younger than that and just wish I had half of his energy/drive! An able replacement in Jonathan H so the good ship Eleco has been passed into the hands of an able replacement.

[rathkum] 24/9/2020 08:20

Using a cricketing analogy, what a innings John Kettley has had. To have steered a sinking ship not once but twice again in 2011-2013 is to be lauded. Happy retirement John.

[edmonda] 24/9/2020 07:20

Resilient H1 from Eleco, as detailed in new Equity Development research note accessible here: https://tinyurl.com/y6dfhpcg And after a remarkable and successful 23 years in charge Exec Chair John Ketteley steps down. COO Jonathan Hunter becomes Interim CEO and you can watch a video of his interview with Paul Hill about the business and the interims (23 mins) here: https://tinyurl.com/yyjveg7g

[brummy_git] 24/9/2020 06:46

All the latest ELCO commentary here wrt today's interims hxxps://www.linkedin.com/posts/paul-hill-a5994116_elco-cv19-activity-6714777629280518144-kBzb

[ansc] 09/9/2020 16:37

Staircon boosts County Derry staircase manufacturer: https://www.elecosoft.com/news/county-derry-staircase-manufacturer-transforms-productivity-with-staircon/ Although all seven of the trades reported today (ADVFN) were supposedly 'buys', according to my dummy online quote this morning, six would actually have been 'sales' (although few shares traded in total during the day).

[ansc] 07/9/2020 09:57

Thanks, M J, should have worked that out for myself. Whoever forked out 90/92p on Thursday (for a total of 153k shares) will be bemused with this morning's dip on only 6k net of sales so far. Appears a little ridiculous and, if it's an attempted tree shake, hasn't worked very well. edit: At the end of reported trading, a net 15k shares sold caused a 2.5p fall in sp; amazing!

[melton john] 04/9/2020 22:51

They are late reported trades from yesterday 3 sept

[ansc] 04/9/2020 17:18

The four trades (reported as ADVFN nos. 16,17,18 & 19) have me flummoxed.

[ansc] 28/8/2020 11:44

With the share price inching higher again today, just needed to confirm that staying put was the right choice for me so re-read the chairman's trading statement released last month: [Unaudited revenues for the six months ended 30 June 2020 held up well and were lower than revenues for the same period last year by only 4 per cent. Unaudited management accounts for the six months ended 30 June 2020 also showed that profits before tax increased by 23 per cent, compared with profit before tax in the same period last year and that adjusted profit before tax* increased by 14 per cent. Strong cash-flow in the period ended 30 June 2020 also enabled Elecosoft to improve its net cash position from GBP1.1m at 31 December 2019 to GBP4.4m as at 30 June 2020. The Board of Elecosoft expects to release Elecosoft's interim results in late September and will announce the date in due course. (* Adjusted profit measures exclude acquisition and corporate finance related expenses and amortisation of acquired intangible assets.)] That's good enough for me.

[makw61] 27/8/2020 12:06

Yeah maybe just prosecco for now, but i do intend to do some more research on this one; software companies can be excellent investments. Just don't know much about construction and likely growth in use of their product. The other 4 tipped were: Gamesys (which i do own as free cash flow yield is great, although debt levels have been a bit eye-watering historically), BP Marsh, Ferrexpo and Just Group.

[ansc] 27/8/2020 11:45

Thanks, makw61. Unfortunately, from the experience of my previous stocks being tipped in 'Shares', I'm not expecting to be drowning myself in champagne anytime soon! Nevertheless, a long time since ELCO has appeared in the 'Percentage Gainers' list so I'll enjoy the moment!!

[johndoe23] 27/8/2020 11:30

Which are the other 4?!

[makw61] 27/8/2020 09:41

Tipped in Shares magazine today as one of "5 great stocks to buy now". Mentions it is held within the SDL Free Spirit Fund, which i rate, so worth a closer look here! ATB

[ansc] 27/8/2020 09:07

With 10 'buy' trades marked already this morning, there must surely be a recommendation somewhere.

[melton john] 25/8/2020 22:02

Stock market rules. They aren't for our benefit. A trade of several times market size takes a while to complete so reporting it a day late is allowed. I think it can go even longer, I seem to remember "as soon as practicable". The trades of the 20th that you mentioned are I think buys but at a lower negotiated price with the seller and then reported to the exchange. I've just bought my first block of shares in Elco which came out of a comparison that I ran. I will be buying more as funds become available.

[ansc] 25/8/2020 17:39

Running true to form, the 38k buy (@ 79.99p timed at 08.47) reported L(ate). In this internet world, why is this still permissible?

[ansc] 21/8/2020 11:54

Today's current quote is a more 'normal' 76.26p/77.98p, still wondering what caused yesterday's aberration.

[ansc] 20/8/2020 12:06

Once again a strange online quote (by ELCO standards) this morning - 77.0p/77.2p. So the 33,896 shares traded so far today are all sells yet the price is upped 0.5p ..... baffling!

[ansc] 17/8/2020 17:50

All is revealed! With a large 'buy' order being filled, it's little wonder that the sells I mentioned (in my previous post) didn't weaken the share price as (imho) the 497,114 trade today @ 75.0p (13.20) was definitely a 'buy'. Will that trigger a significant shareholding RNS sometime? NB. I've discovered that the 50k trade mentioned in my previous sentence, although reported yesterday was actually transacted on the 14th (last Friday) so I've edited the sentence accordingly.

[ansc] 14/8/2020 09:09

Sells galore this week (@ 73.3p) but the share price hasn't flinched ... reassuring for the annual figures next month?

[ansc] 07/8/2020 17:15

According to ADVFN trades marked (not checked individually), a net 1,469 shares sold today and the price is marked down 5.8% ..... supply and demand, yep, working perfectly!

[ansc] 06/8/2020 13:20

After yesterday's conundrum, prices back to normality today - 77.36/79.45p (for 5k).

[ansc] 05/8/2020 17:26

My two dummy trades today confirmed another day of 'back-to-front' prices for some reason - 77.65/77.60p. Using that basis to clarify, there were just 1,722 shares sold but 58,088 shares bought ..... and the price didn't flinch?!