Eleco Public Share Discussion Threads

[ansc] 09/4/2020 17:37

Well some investors clearly like ELCO even if "Michael" doesn't.

[brummy_git] 09/4/2020 09:34

FYI - just released a post trading update webcast on ELCO

[brummy_git] 08/4/2020 10:00

Agreed ansc

[ansc] 08/4/2020 09:36

'Michel' must have gone away on his Easter break, B_g, perhaps he'll respond on his return!

For those whom may not have read it, below is the text of the company broker's morning note yesterday:

[Cash and diversified offering protects FY 2020

The release of the audited FY 2019 accounts have been delayed by the COVID-19 outbreak, as with so many other companies. However, this update confirms they show good growth in both turnover, profit and cash generation. The latter has swung Elecosoft from net debt of £1.8m in January 2019 to net cash of £1.1m in December 2019, despite paying the interim dividend. Sensibly, there will be no final dividend in order to conserve cash. FY 2020 is of course an unknown; ELCO traded well in Q1 but will experience disruption from Q2. Management has swiftly taken mitigating steps (WFH and providing online services) and costs are being reviewed and controlled. Given the obvious uncertainty, management has withdrawn guidance and we have placed FY 2020 forecasts under review. However, with a large existing user-base paying recurring support & maintenance, a portfolio of offerings diversified by recent acquisitions, and cash in the bank, the group is in good shape to manage the COVID-19 pandemic.]

[brummy_git] 08/4/2020 05:52

Apologies for asking MBContrarian (alias Michael Burry) - but what is the reason behind your hostility towards Elecosoft?

I've been a long term investor for 4-5 years & never sold a single share.

[brummy_git] 07/4/2020 16:31

By the way MBContrarian - are you Michael Burry?

[ansc] 07/4/2020 14:13

Considering the Covid-19 situation at the moment, this morning's 2019 Annual Results announcement was commendably sensible and the omission of their final dividend wasn't a surprise. Having cleared their overdraft (as at 31st December) and with all their staff able to work from the safety of their own homes, the company is in an enviable position.

It must be anticipated that their 2020 results are going to be somewhat subdued but once things economically return to some form of normality worldwide, given the nature of their business, ELCO should be in a position to benefit almost immediately.

[mbcontrarian] 07/4/2020 08:51

Seems like Equity Development are pumping the news out here? Your paid by Elecosoft Plc - Surely this is a breach of market rules?

[edmonda] 07/4/2020 08:38

Latest from Equity Development on the business.

[brummy_git] 07/4/2020 08:16

No forecast for 2020 and beyond

By the way, I don't usually use ADVFN because it is pretty clunky. Better to follow me on twitter instead

[mbcontrarian] 07/4/2020 07:51

Why have you withdrawn your price target?

[mbcontrarian] 07/4/2020 07:35

Brummy_Git - are you Paul Hill?

[brummy_git] 07/4/2020 07:23

Latest view on ELCO here

[smithie6] 07/4/2020 07:08

is the construction sector closed down at the moment ?
...many construction cos. have closed sites I think (see RNSs)

so I guess they won't be paying any monthly SAAS fees to ELCO

[ansc] 06/4/2020 17:47

Elecosoft's Site Progress Mobile app used to good effect by John Sisk & Sons:

[mbcontrarian] 02/4/2020 10:39

No confirmation of results yet, looks like they'll be a fair bit later than last year.

Considering the FCA moratorium does not apply to AIM companies, surprises me we haven't heard anything from them yet.

[ansc] 31/3/2020 18:28

ShireSystem CMMS benefiting Kingspan Insulated Panels (part of the Kingspan Group):

[ansc] 21/3/2020 10:29

Reassurance issued for Elecosoft customers (extracted from website):

Elecosoft action in response to Coronavirus

Elecosoft wishes to inform you that we are taking proactive action to the threat of Coronavirus and in response to the latest guidance to work from home by the UK Government, we continue to operate with the majority of our colleagues working remotely. We are well prepared for such a situation and we want to reassure all our customers that Elecosoft remains committed to continuing to provide ongoing support and services to ensure our customers experience minimal disruption.

Please contact Elecosoft if you are seeking advice on using our software remotely within your business as we would be happy to support.

While our staff work from home, you can expect to receive the same level of service and our telephone and email contact lines remain the same.

Training courses

We are pleased to now be offering training courses via the web as online training sessions. We continue to monitor all government guidelines to ensure we safeguard the health and safety of all training clients as well as Elecosoft staff. We will provide as much notice as is feasible to training delegates who have already booked on courses should anything change.

[ansc] 17/3/2020 16:42

Precision Inkjet Technology (ShireSystem software) used by Xaar:

[ansc] 16/3/2020 19:03

Two interesting RNSs issued after the market closed, J O Hambro have reduced their holding by 1.45m (to 4.68%) but IBIM2 Ltd (new name to me) now hold 5.01m (4.12%).

By the end of today's panic selling, shares bought actually outnumbered those sold which is a tad reassuring.

[ansc] 06/3/2020 19:16

A 91k trade @ 72.3p (made at 07.59) only disclosed by the Market Manipulators just as the market closed; this practise stinks and it's time it was stopped as (imo) it verges on being a type of fraud. Are they, or are they not, the scum of the earth?

[ansc] 05/3/2020 10:45

Annual results announcement made on 19th March last year so not long to wait (hopefully!).

[ansc] 28/2/2020 14:17

According to my broker's quote, you can sell at 72p and buy at 73p. All the trades marked today bar one have been at 72p and yet no panic drop in the price. So where are these shares ending up?