Eleco Public Share Discussion Threads

[ansc] 15/7/2022 18:42

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 15:25

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 15:21

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 10:49

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 10:48

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 17:53

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

[bowerdean] 24/6/2022 08:32

!FOLLOWFEED

[chrisdgb] 23/6/2022 09:44

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

[petewy] 25/5/2022 09:56

Recurring revenue for the period increased by 8% to £5.4m (2021: £5.0m) and is approximately 60% of total revenue.
Good update

[chrisdgb] 25/5/2022 07:36

Decent update, let us hope they find a gem of an acquisition......

[ansc] 21/5/2022 12:18

Overall, a net 3750 shares bought yesterday yet the Market Manipulators still marked the share price down 0.5p. Hoping next week's AGM is sufficiently positive to reverse this downward trend.

[chrisdgb] 20/5/2022 10:34

Topped up today, long term feel this is such a core holding........

[matthew palmer] 08/5/2022 12:16

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a note.

[virginialouise] 20/4/2022 11:46

Isn't 97/104 a hefty margin?

[ansc] 13/4/2022 18:37

A net 52 shares bought today and the share price is marked up 2.5p! An Easter pressie from the Market Manipulators?

Anyway, a Happy Easter to all fellow Eleco shareholders.

[brummy_git] 02/4/2022 06:32

Justin Waite & I of Vox markets talked positively about Eleco y'day here (starts 31:05)

www.voxmarkets.co.uk/articles/stocks-to-follow-on-vox-markets-01-04-22-e84b46e/

www.youtube.com/watch?v=hnrHU3wl1l8&t=386s

[chrisdgb] 31/3/2022 10:29

Such a good company.......

[ansc] 31/3/2022 10:25

In this difficult economic climate, a pleasing set of annual results with an encouraging increased dividend plus a promising outlook.

Extract from announcement:

Eleco CEO Jonathan Hunter said:

"We are delighted to present these positive results just 12 months after unveiling our revised strategy for growth. The successful implementation of this strategy has enabled Eleco to embark on its transition to SaaS earlier than expected. This marks a pivotal change to our business as we focus on securing and increasing our predictable recurring revenues.

Our customers in the built environment are embracing technology to address issues such as compliance, improvements in productivity and efficiency, the reduction of waste, and other environmental considerations. Our established presence, customer-centric approach, strong values and clear vision make us well placed to compete with the best in the market and we look forward with confidence to the year ahead."

[edmonda] 31/3/2022 08:16

Eleco delivered ‘in line’ results today, posting adjusted EBITDA & EPS of £7.2m & 4.0p respectively on record turnover up 8.4% to £27.3m (+7.7% vs FY19). This was further bolstered by 100% cash conversion (£4.75m, representing a 5.7% yield), whilst ending the period with a hefty £10m net cash balance (12p/share) – even after spending 12% of revenues on R&D.

Eleco’s award winning applications are being increasingly adopted by construction firms, asset/property managers, manufacturers and retailers everywhere.

Consequently given the strong industry tailwinds and positive start to 2022, we’ve held our FY22 forecasts (re adjusted PBT £2.9m & turnover £27.6m), and have a 150p/share valuation. Plus at 100p, Eleco trades on modest 2022 EV/sales & EV/EBITDA multiples of 2.7x and 11.8x respectively, equivalent to a wide discount vs BuildTech peers.

[ansc] 21/3/2022 10:23

Eleco Plc - 21 March 2022

("Eleco", "Group" or the "Company")

Notice of Results and Investor Presentation

Eleco Plc (AIM: ELCO), the AIM-listed construction software specialist, announces that the Company's results for the year ended 31 December 2021 will be published on Thursday, 31 March 2022.

Details of conference call for equity analysts

There will be a webinar / conference call for equity analysts at 10:30am UK on Thursday 31 March 2022, hosted by CEO Jonathan Hunter and Interim CFO Rose Clark. Any equity analysts wishing to register should contact SEC Newgate at [e-mail] where further details will be provided.

Details of webinar for investors

The Company is pleased to announce that Jonathan Hunter and Rose Clark will provide a live presentation relating to Full Year Results via the Investor Meet Company platform on Monday 4 April 2022 at 11:00 am UK.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00 am 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

[ansc] 15/3/2022 18:48

6,891 shares sold today and the share price is marked down 2.5p, I don't know whether to laugh or cry!

[chrisdgb] 11/3/2022 11:11

Trying to fight back to 100p........still surely a bid target.

[virginialouise] 07/3/2022 10:30

It would be interesting to know if it is the same buyer who is mopping up all available shares at these reduced prices.