Eleco Public Share Discussion Threads

[ansc] 28/3/2023 13:31

[While as a software company with an HQ in the UK I hope the co. does well.]

'lol'

[ansc] 28/3/2023 11:31

I should save your breath, chrisdgb, nine negative posts since December, 2021, and it's unlikely to change going forward. Personally, I've been quite happy with the 'meagre returns' over the years.

[chrisdgb] 28/3/2023 10:24

To be fair they flagged right at the start, the right thing longer term.......

[piedro] 28/3/2023 10:07

I find it hard to be convinced by the "transition into a SaaS business"
story.

It's been going on for quite some time now for meagre returns

- AIMHO, BWDIK.

[ansc] 28/3/2023 09:12

As expected, an excellent 'Final' results announcement this morning which includes details of forthcoming dividends.

Extract:

[Jonathan Hunter, Eleco's CEO, said:

"I am delighted with the Group's performance and progress in delivering its growth strategy against a backdrop of difficult economic conditions for the wider market. I am pleased to be reporting financial results in line with market expectations. Eleco is now better positioned within its markets and we continue to make meaningful progress towards our strategic goals.

As we successfully transition into a SaaS business and as previously announced in 2021, we anticipate that H1 2023 revenues will be lower, but expect revenues will accelerate in H2 of 2023 enabling the Group to return to revenue growth in 2023. Post transition we will have a substantially higher ARR and greater visibility of revenue.

I wish to thank all shareholders for their continued support on our business transformation into a world-class, higher customer-lifetime-value recurring revenue group.

Our customer-centric growth strategy, loyal customer base, strong pipeline of opportunities and our world-class technology will open further exciting prospects for growth in our core markets and therefore we look to the year ahead with confidence."]

[chrisdgb] 21/3/2023 16:10

Not long now to results..........

[ansc] 07/3/2023 13:41

[Notice of Results, Analyst and Investor Presentations

The Board of Eleco plc (AIM: ELCO), the AIM-listed construction and building software specialist, announces that the Company's results for the year ended 31 December 2022 will be published on Tuesday, 28 March 2023.]

Three weeks to wait then.

[ansc] 23/2/2023 12:25

Eleco Plc - 20th February 2023 ("Eleco", "Group" or the "Company")

Sale of Architectural CAD business reinforces core strategic focus

The Board of Eleco Plc (AIM: ELCO), the AIM-listed construction and building software specialist, is pleased to announce the sale of its wholly owned subsidiary Eleco Software GmbH, the German Arcon architectural CAD business ("Arcon"), to FirstInVision GesmbH, an Austrian architectural software business, for a total consideration of EUR600,000.

The transaction supports the Group's strategy to focus on its core customer segments and businesses.

The EUR600,000 consideration is to be satisfied in cash, with EUR550,000 immediately payable on completion, and EUR25,000 in two deferred instalments (without performance conditions attached) over the next two years.

[smithie6] 02/2/2023 21:00

ansc

it is not a dividend stock.

"allows for the retention of surplus cash"

...they won't give out the retained cash to shareholders.
(imo anyway)

[ansc] 02/2/2023 12:16

With the BofE raising interest rate to 4% this morning, ELCO's £12.5m cash pile will be very useful.

[ansc] 31/1/2023 12:38

Last year's Annual Results announcement was released on 31 March. With £12.5m cash available (as per last week's trading update), there must be a reasonable chance of a significant increase in this year's 'Final' dividend.

[ansc] 24/1/2023 14:19

I like this extract from today's trading update:

The Company's debt-free, robust cash status, while maintaining a consistent dividend policy, allows for the retention of surplus cash for corporate development initiatives to promote and invest in the future growth of the Group.

[ansc] 24/1/2023 10:48

Just one trade so far this morning (15k buy at 70p), what do investors want ..... a written guarantee!

[virginialouise] 24/1/2023 10:06

One would have thought that such a report might have moved the price

[chrisdgb] 24/1/2023 08:05

Positive update, patience will be rewarded here........

[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 08:41

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

[smithie6] 07/10/2022 13:23

-6% today !