The two share trades marked after the market closed - 103,372 and 50,000 (both @ 148p) - more than offset the 76,227 shares marked as sold during the trading day.
I'm quite happy to maintain my holding for the foreseeable. |
 Extract from trading update:
Jonathan Hunter, Chief Executive Officer of Eleco plc said:
"We are delighted to report continued success and improvements in Eleco's trading performance for the full 2024 financial year, which was ahead of market consensus, while reaching several strategic milestones for the Group. We demonstrated solid growth in total and recurring revenues and delivered strong cash generation despite acquisition payments and dividend increases."
"Strategically, we enhanced our technical capabilities, talent and scalability through the acquisition of Vertical Digital and more recently strengthened our Asset Management operations with the acquisition of PEMAC."
"Eleco is recognised as a Great Place to Work® and we are very proud that anyone joining the Company becomes part of our talented and diverse team of over 300 colleagues. We believe that we are not simply a technology business but a trusted partner to our customers, supporting their success through our solutions."
"As Eleco continues to strengthen its reputation, we remain excited about opportunities open to us. |
Good to see an ahead of expectations trading update |
Has anyone heard about the date of the TU? Was 23rd Jan last yar |
A pleasing start to the week, hoping that it's maintained on the run-up to the trading statement (last year issued on the 29th January). |
See acquisition of PEMAC today.
Eleco PLC Acquisition of PEMAC |
Hi All
Happy holder here - very nice performance over this year.
Are there any real time indicators which people look at for ELCO? ANything people pick up on social media from them etc?
Only ask given the last update was the interims in Sept, and they're not a company who uses RNS for generic marketing.
Think we're on around 25x for 2025, which is fine gien the growth, so looking forward to the Jan update.
Adam |
After today's rise, Eleco shareholders should enjoy a Happy (and perhaps even 'Merry') Christmas. |
What a good way to celebrate christmass!
First time over 150p. |
AI is something which vertical software companies like ELCO are building into their offering. It'll be a differeentiator between competitors rather than a threat to the category |
Any thoughts in AI Agents effect on Eleco given the SaaS model ? |
What about somebody building a stake?
Over a month since the last omment! |
I'm more than happy to see today's mark-up but have no idea as to the reason for the sp's recent strength. |
50k buy (@ 140p) reported after the market closed. |
Just FYI. Those last three trades of 5000 each were actually buys. The MMs put them through late to show as sells. Sneaky! |
A bright start to the week but will it hold? |
What a jump on such little turnover! |
Further to the above, 10k 'buy' trade @ 140p marked late this afternoon. |
Yes, whatever it is, it appears to be underpinning the share price. |
I wonder what Ameriprise are up to? |
Target prices tend to be 12 month |
200p! But how long have we to wait? |
Company's broker has raised their target price to 200p. |
Terrific interview with CEO Jonathan Hunter and CFO Neil Pritchard of Eleco here. |
Yes, nice set of figures.
Anything else that you and I both hold Brummy_git?!? This and FIN both out this morning |
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