Eleco Public Share Discussion Threads

[ansc] 23/8/2023 09:30

Interim results announcement scheduled for 12th September (last year on 13th) with a company shareholder presentation a week later.

[ansc] 16/8/2023 18:12

Just 3,564 shares allegedly bought today and the share price is upped 4p ..... nonsensical.

[ansc] 30/7/2023 09:22

According to my records, Ben Moralee no longer works for the company and Serena Lang bought 77,234 shares on 16th September, 2021 (she also has now left the company).

With little interest shown in this thread, I no longer spend time updating the header.

[virginialouise] 28/7/2023 16:52

Are Serena L and and B moralee shareholders?
I thought that they were.

[ansc] 28/7/2023 09:15

Yes, in view of the ongoing worldwide economic uncertainties, shareholders couldn't have anticipated better than that.

Extract from CEO's statement:

"We are delighted with Eleco's trading performance for the first six months of the financial year and we remain in line with market expectations for the financial year.

"As we emerge from H1 2023, which we previously flagged would be the low point of the temporary financial impact of the SaaS transition, we are reporting revenues above those of H1 2022 and we look forward to an acceleration in total revenue growth for the remainder of the year and beyond.

"We commence the second half of 2023 with the reintroduction of the recognised and respected Asta product brand to reflect our suite of broader project scheduling solutions.

"The recent addition of BestOutcome Ltd to the Eleco family, with its SaaS recurring revenues, strengthens the existing Building Lifecycle portfolio and further builds our offering to a more diverse customer base to solve the challenges of the Built Environment. Integration work is already well underway.

"Eleco continues to deliver on its SaaS strategic journey, focussing on increasing organic recurring revenues, supplemented by inorganic growth opportunities, to the benefit of its customers and shareholders. The Board therefore remains confident in Eleco delivering market expectations for the full year."

[chrisdgb] 27/7/2023 11:23

Nice trading update..........

[ansc] 26/7/2023 13:44

Two 250k trades @ 72p, both supposedly sells, yet the share price didn't flinch?

[ansc] 29/6/2023 18:14

[29 June 2023 Eleco Plc ("Eleco" or the "Company")

Director Dealing

Eleco Plc (AIM: ELCO), the AIM-listed specialist software provider for the built environment , announces that it was notified on 29 June 2023 that on the same day, Neil Pritchard, CFO of the Company, purchased 20,000 ordinary shares of 1 pence each ("Ordinary Shares") in the Company at a price of 78.14p per Ordinary Share.

Following the purchase, Mr Pritchard's beneficial interest in the Company is 20,000 Ordinary Shares, representing 0.02 per cent. of the total issued share capital.]

Reassuring to see the company's CFO having the confidence to buy shares ..... he should know how well the company is trading if anyone does!

[chrisdgb] 27/6/2023 10:05

Good to see.........

[ansc] 27/6/2023 09:31

Eleco PLC Acquisition of BestOutcome

Making good use of their large cash reserves by buying this complementary SaaS business:-

27 June 2023 - Eleco Plc "Group" or the "Company")

Acquisition of BestOutcome

The Board of Eleco Plc (AIM: ELCO), the AIM-listed specialist software provider for the built environment, is pleased to announce that it has acquired 100% of Buckinghamshire-based BestOutcome Limited ("BestOutcome"), a profitable, high quality SaaS business and leading UK provider of simple, scalable Project Portfolio Management (PPM) software, for an initial consideration of GBP4.825m in cash (an adjusted initial value of GBP3.525m on a cash-and-debt-free equivalent) ("the Acquisition"). The Acquisition will be exclusively financed by the Company's internal cash resources.

[melloteam] 17/5/2023 11:56

Just to let shareholders and prospective investors know that Eleco will be exhibiting on the 24th of May next week at Mello2023.

We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[chrisdgb] 12/5/2023 15:04

Still think this will get bought.......

[virginialouise] 11/5/2023 13:39

Sounds a bit vague to me but am I impatient?

[ansc] 11/5/2023 09:08

At the Company's Annual General Meeting ("AGM") being held at 11:00am today, Serena Lang, Non-Executive Chairman of Eleco Plc (AIM: ELCO), the AIM-listed construction software specialist, will make the following statement based on unaudited management accounts for the period ending 31 March, 2023:

"I am pleased with Eleco's trading performance for the first three months of the financial year.

"Eleco continues to deliver on its organic growth strategy with solid progress in its transition to SaaS, a robust balance sheet and increased recurring revenues. Eleco remains well-positioned for the future and the Board is confident that the Group will deliver in line with market expectations for the full year".

[virginialouise] 09/5/2023 11:01

Didn't the outgoing chairman receive some share options or the like when she was in charge. What will happen to this arrangement?

[smithie6] 07/5/2023 13:06

So, the chairwoman has resigned. Done 8-9 years on the bod in different roles.

Each to their own opinion but good riddance as far as I am concerned.

"During Serena's tenure, she led a strategic review which resulted in the transformation of the business into a customer centric, building lifecycle focused business with a new culture"

Sorry, but imho that is just not true.
Every company providing software to clients is naturally very close to its customers & trying to look ahead at what those customers might need in the future & surprise surprise, looking at what competitors are doing & new entrants to the sector, & IT trends overall.
In my opinion it was not a change for ELCO after S.Lang became chairperson.

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I have no position since I don't see the shares as a buy & for me I don't see much or any growth, year after year.
& for me the shares are not cheap.

[piedro] 06/5/2023 00:40

Another hits the dust
Who is the next?

[ansc] 04/5/2023 09:05

AGM next week (11th), hoping that a confident trading update will be released at the meeting.

[ansc] 14/4/2023 18:03

Notice of Annual General Meeting and Publication of 2022 Annual Report and Accounts

The Board of Eleco plc (AIM: ELCO), the AIM-listed international construction and building software specialist, announces that the Annual General Meeting for the year ended 31 December 2022 will be held at finnCap, One Bartholomew Close, London, EC1A 7BL on 11 May 2023 at 11:00 am.

Printed copies of the Annual Report and Accounts for the year ended 31 December 2022 and Notice of Annual General Meeting have been posted to those shareholders who requested to receive them. The form of proxy was also posted to all shareholders. A digital copy of the Annual Report and Accounts and Notice of Annual General Meeting will shortly be available for download from the Eleco plc website at www.eleco.com .

Dividend Date

Further to the announcement on 28 March 2023 of its preliminary results for the year ended 31 December 2022, the Company confirms, if Resolutions 4 and 5 are approved by shareholders at the Annual General Meeting, the dates relevant to the payment of the dividend are as follows:

Event Date
Ex-dividend date 18 May 2023
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Record date 19 May 2023
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Payment date 2 June 2023

[smithie6] 06/4/2023 16:13

(EU construction sector reports a reduction in activity, notably in Germany.

& I think that RNSs from UK construction cos. give similar news.

(the increase in mortgage rates makes it harder for people to afford to buy a new property)

ELCO charges clients depending on the number of users at a company. Hence, lower construction activity is not ideal for ELCO income imo.

[smithie6] 05/4/2023 15:08

with lower turnover in H1, if my memory is correct.

Revenue growth in H2 is wrt the lower turnover in H1 ?
giving a result of ? -ve or +ve ?

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if ELCO stays as major supplier to static (or shrinking) UK construction sector & continues to be unable to repeat that in other countries
....then is there much to get excited about ?

[piedro] 05/4/2023 07:16

FWIW ...



from the Final Results
"As stated when we first embarked upon this transformational journey, we expected a reduction in revenues during the first 18 months of the process as customers moved from perpetual licences to subscription payments, with total revenues increasing after that time. The midpoint of our journey to SaaS will occur in H1 2023, and we are confident of delivering solid revenue growth in the second half of the current financial year."

[smithie6] 29/3/2023 08:29

ansc

I think that you did not like the points made in my post.
If you want to identify any points that I made as not being true, if you show that then I will correct my post.