Eleco Public Share Discussion Threads

[mbcontrarian] 10/4/2020 11:05

If a company is paid to publish research, it’s questionable for them to appear on bulletin boards. The moment they accept cash from a company for published research, it is no longer objective. Would Elecosoft pay for negative or slightly more balanced research? Doubtful.

To continuously communicate with detail investors through bulletin boards, in my view, is not proper market practice. ED / Paul Hill’s loyalties sit with ELCO.

[ansc] 10/4/2020 10:53

You've written:

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

and

'I simply stated equity development are paid by Elecosoft to produce research. They produce marketing material. Not objective research.'

Firstly, are Equity Development breaching any rules by 'pumping'? Secondly, how do you know they haven't done any objective research?

[brummy_git] 10/4/2020 10:51

Why Michael? You asked me & I politely replied.

What's the reason for your lack of transparency, since we are all supposed to be honest investors here, helping each other?

[mbcontrarian] 10/4/2020 10:43

I’m not inclined to share my position, nor required to do so at this moment in time.

[ansc] 10/4/2020 10:36

And the answer to the more important second question (i.e. 'why are you so hostile to Elecosoft) ..... and have been ever since you first appeared on this thread three months ago?

[mbcontrarian] 10/4/2020 10:25

No i’m not. Why, who is he?

[brummy_git] 10/4/2020 09:22

Many thanks MBContrarian

As previously requested, are you Michael Burry (ie the same question that you asked me, to which I kindly replied).

And if so, why are you so hostile towards Elecosoft? What's the reason?

2 straightforward & candid answers would be much appreciated.

[mbcontrarian] 09/4/2020 20:42

I simply stated equity development are paid by Elecosoft to produce research. They produce marketing material. Not objective research.

Go figure.

[ansc] 09/4/2020 18:37

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

[brummy_git] 09/4/2020 10:34

FYI - just released a post trading update webcast on ELCO

[brummy_git] 08/4/2020 11:00

Agreed ansc

[ansc] 08/4/2020 10:36

'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 06:52

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 17:31

By the way MBContrarian - are you Michael Burry?

[ansc] 07/4/2020 15:13

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 09:51

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 09:38

Latest from Equity Development on the business.

[brummy_git] 07/4/2020 09:16

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 08:51

Why have you withdrawn your price target?

[mbcontrarian] 07/4/2020 08:35

Brummy_Git - are you Paul Hill?

[brummy_git] 07/4/2020 08:23

Latest view on ELCO here

[smithie6] 07/4/2020 08:08

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 18:47

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