Eleco Public Share Discussion Threads

[smithie6] 07/5/2023 14:06

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.

----

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 01:40

Another hits the dust
Who is the next?

[ansc] 04/5/2023 10:05

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

[ansc] 14/4/2023 19:03

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 17:13

(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 16:08

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 ?

----

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 08:16

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 09:29

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.

[smithie6] 28/3/2023 16:01

Did I make a mistake ?

Is the HQ in Germany...or Sweden & not in the UK ?

Or are you inferring that it is not a software company ?

;-)

[ansc] 28/3/2023 14:31

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

'lol'

[ansc] 28/3/2023 12:31

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 11:24

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

[piedro] 28/3/2023 11:07

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 10:12

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........