Eleco Public Share Discussion Threads

[chrisdgb] 13/9/2022 06:38

Nice to see recurring revenues at over 60% now of total revenues, in line for full year.....

[chrisdgb] 30/8/2022 09:33

Buy something or sell the company....??

[petewy] 24/8/2022 13:11

Yes ansc. buys or sell? doesn't tell us

[ansc] 24/8/2022 10:54

Two large trades (450k followed by 470k) at 71p marked this morning did not disturb the share price ..... an Institution shuffling their holding?

[piedro] 02/8/2022 08:06

Issue of options
"... market priced options with no vesting criteria other than to remain in employment by the Group and shall vest after a 3-year vesting period ...
... exercisable at 70 pence"

- does not look good
- in fact it looks desperate

AIMHO, BWDIK.

[piedro] 30/7/2022 09:02

coolen & Smithie6
#1273 of 1284



- give credit where credit due

[coolen] 29/7/2022 22:05

Smithie, well spotted (as always). You might find Companies House interesting in respect of the last individual.

[smithie6] 29/7/2022 15:25

FDs in past 6-7 years

1 lasted 4 months
1 for 6 months
1 for 7 months

!!

[ansc] 28/7/2022 17:43

Two 'chunky' trades (241k and 250k) reported this afternoon ..... interestingly the share price nudged up a tad.

[ansc] 27/7/2022 11:30

Extract from CEO's statement:

"In the period, the pandemic continued to impact our ability to market at trade fairs and we saw reduced demand for services and sales of new licences across the portfolio in Germany. In the UK and Swedish markets however, we experienced growth in new and existing customer subscription revenue and our consistently strong renewal rates on maintenance contracts ensured positive progress towards our strategy to expand our higher value and predictable recurring revenue.

The Board remains confident in delivering in line with market expectations for the full year."

[chrisdgb] 27/7/2022 06:59

Trading update looks in line........

[ansc] 20/7/2022 17:23

Covered in the statement by this..... 'As previously stated, our total reported revenue growth will temporarily soften during our transition to higher value and predictable recurring revenue'.

[piedro] 20/7/2022 11:51

Sorry, that did not inspire me with confidence ...

"- Revenues in the period were GBP8.9m (2021: GBP9.3m)"

[ansc] 20/7/2022 11:01

For any nervous shareholder, a reminder of what the chairman's statement said at the AGM (25 May):

["I am delighted with Eleco's progress in the first four months of 2022 despite the challenging market conditions. Underlying demand for Eleco's products remains strong as the construction industry moves towards a more sustainable future, digitisation of the built environment and improvements in productivity.

Unaudited Management Accounts for the four-month period ended 30 April 2022 show that:

-- Recurring revenue for the period increased by 8% to GBP5.4m (2021: GBP5.0m) and is approximately 60% of total revenue.

-- Revenues in the period were GBP8.9m (2021: GBP9.3m) and GBP9.2m at constant currency.
-- Profitability remains in line with expectations.
-- Strongly cash generative during the period with a net cash position of GBP11.3m (GBP10.0m on 31 December 2021).

As we implement the next stage of our strategy, we are focused on continued and sustainable growth. We are actively seeking acquisition opportunities that support our strategy and our transition to SaaS, which we expect to be a key driver of future value.

As previously stated, our total reported revenue growth will temporarily soften during our transition to higher value and predictable recurring revenue. We are operating in a very exciting and attractive market and our software is key to meet the growing demands of the built environment, which is under pressure to deliver projects more efficiently and supporting the broader ESG agenda.

The board remains confident in delivering results in line with market expectations for the full year."]

I should add that I've just bought another 7.5k (@ 68.7p).

[chrisdgb] 20/7/2022 09:34

Trading update soon.........

[chrisdgb] 19/7/2022 08:12

Very disappointing looking at the graph now, itching to add but lots of other stuff cheap as well..........!

[ansc] 15/7/2022 17:42

A 650k trade (@ 71.643p) reported after the market had closed, what's that all about? ..... share price didn't flinch.

[piedro] 14/7/2022 14:25

From my notes ...

FINANCIAL OFFICERS excluding 'interim'
Matthew Turner ..... 27/01/2011 to 02/10/2013
Andrew Greenwood ... 03/02/2015 to 29/06/2015
Graham Spratling ... 08/07/2015 to 06/01/2017
David Pearson ...... 20/02/2017 to 21/08/2017
Simon Morgan ....... 08/02/2018 to 12/09/2018
Benjamin Moralee ... 12/09/2018 to 29/03/2021
Robert Teale ....... 29/03/2021 to 07/02/2022
Neil Pritchard ..... 14/07/2022 to ...

[piedro] 14/7/2022 14:21

Can we take bets on how long he will last?

1. < 1 yr.
2. 1-2 yr.
3. 2-5 yr.
4. > 5 yr.

.............. I vote for N°1

[ansc] 14/7/2022 09:49

Eleco Plc

Appointment of Chief Financial Officer

The Board of Eleco plc (AIM: ELCO), the AIM-listed construction software specialist, is pleased to announce the appointment of Neil Pritchard as Chief Financial Officer (CFO) and to the Board in October 2022.

Neil Pritchard shall join from Corero Network Security plc, a global leader in real-time, high-performance, automatic DDoS cyber defence solutions. Neil has previously been Group Financial Director at London listed technology business CML Microsystems plc Group and, prior to this, Finance Director of the UK and Eire division of the DAX-listed group Continental AG. Neil also held senior financial positions with quoted companies Delta plc Group, now Valmont Industries, and Yule Catto & Co plc, renamed to Synthomer plc Group. He is a qualified chartered accountant, holding an FCA, having spent six years with KPMG London in audit, treasury and forensic transaction service roles. He holds an Economics and Politics degree from the University of Bath, UK.

[ansc] 11/7/2022 09:48

Trading update issued on 29th July last year but the year before it was 14th July. When will it be this time round?

[virginialouise] 06/7/2022 16:53

so the shares are marked don 1.5p 0n a turnover of 207shares!

[bowerdean] 24/6/2022 07:32

!FOLLOWFEED

[chrisdgb] 23/6/2022 08:44

A sitting duck to a bid at these levels........