Eleco Public Share Discussion Threads

[smithie6] 16/12/2022 13:00

Elco gets paid imo related to the number of users at its clients

if construction sector slows (as expected) due to higher % interest rates then one assumes that the number of users will reduce.

And if construction sector slows then those cos. will reduce staff & reduce spend since their income will be lower.

my guess anyway

[chrisdgb] 09/12/2022 14:27

Still one of my favourites for a takeover.......

[chrisdgb] 11/11/2022 09:04

Yep, something stirring........

[ansc] 10/11/2022 19:09

Nine trades marked in the last half-an-hour's trading!

[chrisdgb] 10/11/2022 14:15

Few buys at this level...........

[chrisdgb] 11/10/2022 09:41

What is the next step here, do we want an acquisition..??

[smithie6] 07/10/2022 14:23

-6% today !

[chrisdgb] 13/9/2022 07:38

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

[chrisdgb] 30/8/2022 10:33

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

[petewy] 24/8/2022 14:11

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

[ansc] 24/8/2022 11:54

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 09:06

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 10:02

coolen & Smithie6
#1273 of 1284



- give credit where credit due

[coolen] 29/7/2022 23:05

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

[smithie6] 29/7/2022 16:25

FDs in past 6-7 years

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

!!

[ansc] 28/7/2022 18:43

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

[ansc] 27/7/2022 12:30

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 07:59

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

[ansc] 20/7/2022 18:23

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 12:51

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

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

[ansc] 20/7/2022 12:01

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 10:34

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

[chrisdgb] 19/7/2022 09:12

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