Eleco Public Share Discussion Threads

[ansc] 24/2/2021 14:58

MJ - Until reading your post, my initial reaction (incorrectly) was on the lines of "... is at least 20% higher or above than EPS as per the Accounts for the year ended 31 December 2020". So I emailed the company on those lines asking whether my interpretation was what was meant and, as I haven't received a negative response, am happy to believe the RNS mistake was simply a typo. Having been invested in the company for so long (profitably I should add), am happy to accept this misdemeanor. With a chunky 10k buy having gone through this morning, someone else must be thinking along the same lines. edit: another 10k buy this afternoon

[melton john] 23/2/2021 07:52

What on earth is this supposed to mean, "The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2023 is at least higher or above 20% than EPS as per the Accounts for the year ended 31 December 2020". Was it written by someone whose first language is English? It could be argued that it means "not less than 20% of 2020 eps".

[robow] 22/2/2021 16:15

Good to hear

[ansc] 22/2/2021 14:03

Celebrated my 21st Anniversary as an Eleco shareholder yesterday - on 21st February, 1999, bought 10k @ 26p - and the company has certainly changed since then; capitalised at just £6.565m not one of the eight subsidiaries remain nor the three executive officers in post then. Surprisingly, besides Mr Ketteley, three significant shareholders still have stakes - Rights & Investment Trust (up 1.445m shares), Lowland Investment Co (down 0.135m) and Schroder Investment Cap (down 2.711m). [information extracted from my very first ELCO AR for 1999] It's been quite a journey but for me, see no reason at the moment to head for the exit.

[thelongandtheshortandthetall] 16/2/2021 16:08

Just coming out from being range bound for 2 or 3 years. All good to 130-150p IMO.

[ansc] 16/2/2021 12:45

Lively this morning, tipped somewhere?

[ansc] 11/2/2021 14:14

I hadn't noticed before that the company brokers had upped their near-term target price to 125p. My dummy online trade this morning indicated that you can now buy 5k but no quote for any number above that; still able to sell 25k ... at a price!

[ansc] 10/2/2021 13:58

The Market Manipulators don't want to play today, unable to get a quote online to buy even a mere 250 shares; they would, however, let me sell 25,000. Sure sign they've no idea what to make of the recent buying pressure.

[ansc] 10/2/2021 10:05

I couldn't agree more, well done Jonathan:- Eleco plc Directorate Change Eleco plc, the AIM quoted construction software specialist, is pleased to announce that Mr. Jonathan Hunter, who took the position as Interim CEO as announced on 24 September 2020, has been appointed as CEO on a permanent basis. Jonathan was appointed to the Board in June 2016, having held a number of senior management positions within Eleco plc since joining in 2010. He was appointed COO in 2017 prior to his appointment as Interim CEO in September 2020. Over the past five years, Jonathan has played a major role in Eleco's M&A activity as well as driving a number of crucial global growth initiatives. In addition, he played a fundamental role in the transition to a software group during and post divestment of the company's Building Systems division. Serena Lang, Executive Chairman, commented: "Jonathan has been pivotal to the ongoing success of Eleco for the past 5 years and has ensured a continuing resilient performance since September, despite the difficulties faced by all businesses during the pandemic. I am therefore delighted that he has accepted the role of CEO on a permanent basis. We are nearing the completion of our strategic growth review and, given his intimate knowledge of the business and the markets that we serve, Jonathan is ideally placed to lead the Company through the next exciting phase of its growth journey."

[thelongandtheshortandthetall] 09/2/2021 10:50

Hi MJ. Yeah ELCO is a great little co. in a nice little niche. They have cemented themselves in the minds of the builders. That's the point. Even students leave Uni all trained up on Elco software ready to go to work. Here's a question for you. Pretend you're a midsize building firm. Lets say you had 200 staff all regularly visiting elco scheduling software. Lets also say you have 5 large expensive projects on the go at the same time and new ones on the horizon as others are completed and signed off. If you want to hire experienced staff they'll come with an understanding of elco software. Now tell me how on earth you begin to change the scheduling software provider. You can't. You are locked in. All staff are trained on it and all need access to it at the same time - all the time. You could of course change but the disruption would be astronomical. Bit like trying to change the engine on a car while it's driving on the motorway. This has not really been discussed but to me this is crux of the matter. The pricing power will start to bubble up soon. I'm sure Elco are aware and they are still in the process of getting their feet in as many doors as possible before they wack the price up. :)

[ansc] 09/2/2021 10:33

Is something brewing? Since writing my post [1025] yesterday afternoon, there were 82.5k shares sold @ 100p (I usually do a dummy trade online and yesterday afternoon it was 100/103p) but the price never flinched; a few more sold this morning (with very little evidence of much buying reported (so far) yet the price is up a further 2.5p. Such behaviour very unusual for ELCO. Watch this space ..... edit - 10.41: Dummy trade (for 5k) and the bid price now 102.5p

[melton john] 08/2/2021 17:54

hi tla, I bought a few of these at 77p. I wish it was more of these and less ygen. REC having a good day for me too.

[thelongandtheshortandthetall] 08/2/2021 14:51

Hopefully we'll burst past 100p and stay above. Then next step is 150p :)

[ansc] 08/2/2021 14:21

With the 100p barrier breached this morning, I expected to see profit takers cashing in but few so far; tipped somewhere?

[ansc] 05/2/2021 12:47

Yes, thanks rathkum, good to have confirmation of the thoughts I mentioned in post 1020 previously. A further trading update was announced on 7th April last year, hoping for one again this time round.

[thelongandtheshortandthetall] 05/2/2021 12:37

Good piece Cheers rathkum.

[rathkum] 05/2/2021 09:54

https://constructioncomputing.co.uk/article.php?article_id=11073&Mag=Construction

[illiswilgig] 02/2/2021 19:02

ansc - yes I had been wondering similarly, if the continual replanning of projects actually increases the number of licences needed. Might do for some. cheers

[ansc] 02/2/2021 10:55

With no end in sight of the coronavirus pandemic, a big plus point for the company is that all their staff can work from the safe environment of their own home (and have been doing since the onset). Could this be how ELCO might possibly operate in the long term in some areas thus saving the cost of expensive town/city offices? It could be argued that the disruption being caused by enforced lockdowns (both here and abroad) is possibly playing havoc with environmental construction contract timetables thus causing Eleco customers needing to use the company's software even more to maintain the momentum in their respective businesses... just a thought.

[ansc] 27/1/2021 17:15

Twice as many shares bought today compared to those sold yet the share price ends 1p lower ... the mysteries of market making!

[ansc] 25/1/2021 17:54

During my time as an ELCO shareholder (22 years), the share price peaked (very briefly) at 112p in 2007. Of course, ELCO was a very different beast in those days to what it is now being more involved as a supplier to the construction industry. At the time, I queried why it was even 'dabbling' with software ..... how wrong could I have been!

[rathkum] 25/1/2021 13:36

Re-rating in progress.Was long overdue.

[doobz] 25/1/2021 11:23

Looks good for a test of all time highs

[thelongandtheshortandthetall] 25/1/2021 09:30

Usually good things happen when shares pass the important 100p mark.

[ansc] 22/1/2021 17:20

Closed at a 13 year high tonight; it's been a good week for shareholders in more ways than one.