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ELCO Eleco Public Limited Company

92.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Eleco Public Limited Company LSE:ELCO London Ordinary Share GB0003081246 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 92.50 91.00 94.00 92.50 92.50 92.50 535 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 26.57M 2.4M 0.0291 31.79 76.13M
Eleco Public Limited Company is listed in the Computer Programming Service sector of the London Stock Exchange with ticker ELCO. The last closing price for Eleco Public was 92.50p. Over the last year, Eleco Public shares have traded in a share price range of 74.50p to 97.50p.

Eleco Public currently has 82,300,000 shares in issue. The market capitalisation of Eleco Public is £76.13 million. Eleco Public has a price to earnings ratio (PE ratio) of 31.79.

Eleco Public Share Discussion Threads

Showing 2151 to 2173 of 2650 messages
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DateSubjectAuthorDiscuss
25/6/2020
15:58
Thanks Robo
petewy
25/6/2020
13:53
Report is free to download here:



Serious allegations in the report. Wasn't it Globo who were found fraudulent with the subsidiaries exposed.

Main points:


► ELCO’s core software is ex-growth and experiencing structural decline
► ELCO’s accounts contain significant red flags and conflicts with subsidiary filings
► ELCO’s limited non-IFRS disclosures are highly deceptive and misleading
► ELCO’s R&D claim suggests lack of software enhancing activity
► ELCO’s original German operations generate next to no profit
► ELCO’s acquisition of Active Online has potentially been misrepresented
► ELCO sales are heavily geared to licence sales under a legacy perpetual model
► ELCO has failed to file accounts in multiple jurisdictions
► ELCO has 6 Finance chiefs over the course of the last 10 years
► ELCO lacks credible software experience at board level
► ELCO’s ex-Finance Chief of 16 years has returned as chair of the audit committee
► ELCO commissions glorifying research reports targeted at retail investors
► ELCO’s outdated perpetual licencing model poses a risk to its market position
► ELCO’s Executive Chairman possesses an uncomfortable degree of control
► ELCO’s cross-selling potential is dramatically overplayed and misunderstood


I'd be very careful here folks. If there has been any form of misrepresentation or deception here, this stock will get killed. It's already on a premium rating.

Anywho, no more from me just in case folk think I'm part of the worldwide shorting conspiracy :-D

Posted to help folk.

DYOR

All the best.

sphere25
25/6/2020
13:44
see the new thread. A short attack
robow
25/6/2020
13:36
any reason for this 2,5% drop.
petewy
25/6/2020
11:21
Haven't heard of Ciphersense research before but aggressive accounting and failure to file subsidiary accounts sounds like major alarm bells. Surprised the stock hasn't tanked on that.
sphere25
23/6/2020
17:40
Posted on wrong tread!
ansc
23/6/2020
17:31
There's been some persistent buying today for some reason ... not complaining tho'.
ansc
22/6/2020
09:06
Back in business again!
ansc
22/6/2020
09:02
Somewhat surprised that although the Resolution to change the company name back to Eleco plc was passed at the AGM 18 days ago, the change still hasn't been activated by the LSE.

In anticipation that this will happen eventually, rather than attempt to write another new thread (it's impossible to change the name of an ADVFN thread), I've updated the data on my previous one (which was in the name of Eleco) and will be using that from today.

ansc
12/6/2020
17:13
As the Dinah Washington song goes 'What a difference a day makes', down 5.5p yesterday but back up 5.5p today. Market Manipulators laughing all the way to their banks.
ansc
05/6/2020
09:20
All 10 Resolutions were duly passed at yesterday's AGM including no.10 - 'That the registered name of the company be changed to Eleco Public Limited Company'.

This initially seemed rather strange to me seeing as the company name was changed from Eleco just five years previously. As always when in doubt I contacted the company and, after their detailed explanation, all became clear.

A simple analogy is that of a family tree. Eleco plc becomes the 'parent' company (containing all the corporate fundamental data) below which is listed their 'children' (subsidiaries). Any prospective customer will now be able to check the financial soundness of the company (at Eleco plc) before being able to go straight to the subsidiary they are interested in (be it Powerproject, Shire Systems, ICON etc). That should make life simpler as the company hopefully continues to grow in the future.

ansc
04/6/2020
21:46
Missed my AGM lunch, hopefully next year.
rathkum
04/6/2020
17:58
Tipped by naked trader today
gswredland
04/6/2020
17:27
Powerproject Vision used by Carey Group:
ansc
04/6/2020
08:24
What can one say? Trading update far better than I was expecting (and the share price has responded accordingly):

Executive Chairman, John Ketteley, commented:

"The thorough planning, initiative and rapid response of our employees in dealing with the Coronavirus disruption meant that within less than two weeks all our business units had begun home working and had switched to the online delivery of training, consultancy and support services to our customers. The initiatives taken by all my colleagues in every business unit of the Elecosoft Group made a vital contribution to our dealing successfully with the unprecedented disruption to our operations threatened by the Covid-19 outbreak and we thank them all."

ansc
04/6/2020
06:35
Trading update today shows a very impressive 25% jump in PBT as less money spent vs just a 3% decline in revs year to date.
Full review published by Equity Development here :

edmonda
03/6/2020
17:44
The company's online AGM tomorrow, I was going to register but I understand it's going to be restricted to the completion of the Resolutions listed so decided not to bother.

It's become standard procedure in the recent past for the chairman to start the meeting with his AGM statement (trading situation); in these exceptional conditions will there be one this year?

ansc
02/6/2020
16:50
Market Manipulators raised the share price today on very low volume, not my favourite scenario.
ansc
22/5/2020
12:25
ansc

but if they put some costs into a bucket & call them 'investment in intangible assets'

or move lease costs to another bucket

or downgrade the value of an asset in one year, then win a contract with it & then move the value back up the next year & report a gain in doing it

or the value of an acquisition is considered to be higher than was paid, producing a gain & increase in profit (STM reported that this year)

etc etc

they can make the reported EPS anything they want it to be in order to meet an EPS target, imo

smithie6
19/5/2020
15:50
Checking my records I see that I purchased a few at 7.38p in May 13!

Sold some since then to take some gains but still have quite a few and have bought a few more recently.

It is hard to remember what a different company this is now, the transformation is very impressive.

I look forward to seeing what the next 7 years brings, and here's hoping I've not doomed things with that sentiment,


cheers

illiswilgig
19/5/2020
13:28
Interesting RNS 'Options' announcement this morning with any one of five alternative eps condition targets needing to met before vesting can take place. In my experience, Options aren't normally issued with improbable vesting conditions so even if the lowest eps target is achieved, shareholders would be delighted as the share price by then should be well north of 100p
ansc
15/5/2020
09:36
Thanks, rathkum. With my track record, any investment on the stock market is a gamble but having spotted our venerable chairman had purchased 1.0m shares(@ 7p ish) at the time decided to take the plunge myself ..... so glad I did.

Any mention of the dreaded 'R' word and investors seem to rush for the exit without thinking it through. Construction has usually been at the forefront of most past economic recoveries and, going by what the UK government have been indicating, it's probable that's what will happen this time as well. Yes, we're likely to be in a for a lengthy recession but, unlike many UK companies, financially ELCO is in a solid position and, with over half of their earnings being in Europe (with most of Europe having come out of lockdown before the UK) plus toeholds now in Australia and NZ, I struggle to understand why investors are wanting to sell.

ansc
12/5/2020
13:58
Hi ansc, I am sure you would agree it was an out and out gamble then but with JK and JH at the helm perhaps it was a no brainer.

I wish you good health and that you will stay safe during this difficult time.

rathkum
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