Eleco Public Share Discussion Threads

[mbcontrarian] 11/4/2020 14:11

Your becoming increasingly paranoid.

[brummy_git] 11/4/2020 13:52

MBContrarian - Just concidience then that Smithie6 (who has never posted before) suddenly arrives today - & you decide to start defending ELCO, a stock that you've slated constantly B4?

What's your name MBContrarian? And why do you waste so much time doing all this 'smoke & daggers' & vitriolic stuff? For the 5th time of asking....

[mbcontrarian] 11/4/2020 13:43

Whoa Paul - I defended ELCO on that comment!

[brummy_git] 11/4/2020 13:35

Hi Smithie6

Do you have any connection with either MBContrarian and/or Chimers?

All these advfn accounts seem to follow the same pattern of trashing any company you don't like? Kromek, Northbridge In, elecosoft & many others?


Also, why do you do it? What's the beef?

Thanks

[mbcontrarian] 11/4/2020 13:33

I don't think that is a fair assersion to make. This is niche software that does have value to it's user base. Consider PowerProject - likely planners need the software more than ever. Lower licence sales as a consequence of less investment from potential clients, for sure.

Those who already have installed the system will continue to use it, despite the crisis. The discretionery revenue streams: Services / Licences, plus the lumpy visualisation income - will be where the risk lies. The vast majority of businesses will experience the macro effect of the crisis, inevitable.

[smithie6] 11/4/2020 12:49

"However, with a large existing user-base paying recurring support & maintenance,"

surely, clients using this SAAS software can just drastically cut the number of users they pay for or cut their monthly payment completely

there is NO lifetime licence

if they have closed construction sites

as many constructors have

for me I see high risk in holdi g ELCO shares during this crisis

compare with say Tesco, well people stoll need to eat & will keep buying.
With closed construction sites it is a very different story imo.

[brummy_git] 10/4/2020 12:24

It's seems to have all gone quiet again MBContrarian?

Really strange behaviour for someone obviously bright, yet equally so vitriolic towards Elecosoft? Very odd.

[brummy_git] 10/4/2020 12:03

So let's try again MBContrarian (3rd time politely, or is it the 4th?)

What's your real name? Why the deliberate opaqueness?

[ansc] 10/4/2020 11:07

My understanding was that MiFID 2 was particularly applicable to AIM companies and very few large investment firms or professional investors like yourself are interested in such like. ED or any nominated advisor/broker would soon lose their followers if their 'advice' was so awry that their followers/subscribers regularly lost money.

As a passionate investor yourself, why did you initially ask whom Micheal Burry was then?

Seeing as you are steadfastly refusing to answer the question as to your objective in continually denegrating Elecosoft, as a long term investor in them myself, I could argue that any research you may have done on them or opinion expressed is biased as you may profit from a faltering or falling share price.

[mbcontrarian] 10/4/2020 10:43

MiFID II is only relevant in the context of large investment firms who now have to ‘unbundle̵7; services. This resulted in buy side firms hiring more in house capacity to perform proprietary research to support their portfolio managers and has applied pressure on sell side research firms.

This is not relevant in the context of ED as they sell research to companies who wish to promote their stock. This service was prevalent prior to MiFID II. MiFID II only relevant in a professional investing context. Hence why the ED material is classified as marketing material. Any other questions?

The only other source of research is finnCap, who also profit from its contract with ELCO as its nominated advisor / broker.

Ref Michael Burry, surely everyone who has a passion for investing knows who He is..?

[ansc] 10/4/2020 10:19

A moment or two ago you didn't know whom Micheal Burry was!

[ansc] 10/4/2020 10:17

Are you familiar with MiFID 2 from the EU? As I understand this, ALL company research has to be paid for now and is not allowed to be misleading whether they publish such research information or investors search it out for themselves. Perhaps you would advise where I've clearly misunderstood these guide lines.

[brummy_git] 10/4/2020 10:16

Great, so what's your real name then? You asked me & I politely replied it was Paul Hill. What's the problem? quid pro quo?

[mbcontrarian] 10/4/2020 10:10

Paul, I’m not sure what the obsession is with Michael Burry (the guy from the big short?).

[brummy_git] 10/4/2020 10:09

Thanks MBContrarian

What is you're real name then, so we can all be civil to each other?

[mbcontrarian] 10/4/2020 10:09

*retail/private

[mbcontrarian] 10/4/2020 10:05

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 09:53

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 09:51

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 09:43

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

[ansc] 10/4/2020 09:36

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 09:25

No i’m not. Why, who is he?

[brummy_git] 10/4/2020 08:22

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 19:42

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

Go figure.