Eleco Public Share Discussion Threads

[chrisdgb] 29/3/2021 07:37

A very bullish tone in the results and outlook.......

[rathkum] 26/3/2021 12:00

Good news travels fast on a Monday release?

[chrisdgb] 26/3/2021 11:11

Will be interesting to hear their strategy views.........

[thelongandtheshortandthetall] 26/3/2021 10:38

Let's hope so.

You never know there could be an announcement in the wings hence why they've brought it forward.

Wishful thinking of course:)

[ansc] 26/3/2021 10:35

The company's 'Final' figures last year were announced on 20th May so Monday's 2020 figures will be seven weeks earlier.

Will that Stock Market adage of 'Good news travels fast' hold good? Fingers crossed!

[ansc] 23/3/2021 10:55

Appointment of non-executive director:

[ansc] 17/3/2021 19:07

A net 23.74k shares bought today (ADVFN) yet the price didn't flinch again, very unELCO like.

[ansc] 10/3/2021 10:24

GL Joinery a fan of Eleco's Staircon:



One of the tightest spread's I've ever seen online this morning (for 5k) - 104.1/105p

[thelongandtheshortandthetall] 10/3/2021 09:45

ansc
Just topped up with £2020s worth had to pay 104.5p
I reckon share price will roll up to 115 area soon. Now £1 has breached with reasonable consolidation.

[ansc] 09/3/2021 10:30

An actual quote to buy 5k online this morning - 104.9p - with the bid price now at 102p. For some reason share price is being 'upped' on comparatively minuscule buying pressure, would love to know the reason why.

Update [13.00]: Two apparent sales @ 101.5p, totalling 540k, marked at 11.26 (plus an earlier 10k sold @ 102p) and the share price is still marked up. How can you tell whether these two 'sales' were really buys from earlier but reported 'L'ate?

[ansc] 08/3/2021 10:35

The same scenario this morning, no quote available online to buy just 1.0k but the bid price for 10k has now increased to 101.5p ... I declined.

[ansc] 05/3/2021 10:20

Market Manipulators appear to be shutting up shop early for the weekend, unable to get an online price to buy even 1.0k ..... they were willing to offer 98.02p for 10k tho'!

[ansc] 04/3/2021 10:34

If the GFRD (from memory, a customer of the company) interim results today represent a snapshot of how well the construction environment is coping during this Covid-19 pandemic, ELCO's annual results (announced 19 May last year) should be more than satisfactory.

A disappointment to me is that since Mr K retired as chairman, the sum total of shares held by the BoD is a measly 507k (or 0.62% of the share capital) of which 453k is held by ONE non-exec ..... shame on them!

[ansc] 24/2/2021 14:58

MJ - Until reading your post, my initial reaction (incorrectly) was on the lines of "... is at least 20% higher or above than EPS as per the Accounts for the year ended 31 December 2020". So I emailed the company on those lines asking whether my interpretation was what was meant and, as I haven't received a negative response, am happy to believe the RNS mistake was simply a typo.

Having been invested in the company for so long (profitably I should add), am happy to accept this misdemeanor. With a chunky 10k buy having gone through this morning, someone else must be thinking along the same lines.

edit: another 10k buy this afternoon

[melton john] 23/2/2021 07:52

What on earth is this supposed to mean, "The Options shall vest if, and only if, EPS as per the Accounts for the year ended 31 December 2023 is at least higher or above 20% than EPS as per the Accounts for the year ended 31 December 2020".
Was it written by someone whose first language is English? It could be argued that it means "not less than 20% of 2020 eps".

[robow] 22/2/2021 16:15

Good to hear

[ansc] 22/2/2021 14:03

Celebrated my 21st Anniversary as an Eleco shareholder yesterday - on 21st February, 1999, bought 10k @ 26p - and the company has certainly changed since then; capitalised at just £6.565m not one of the eight subsidiaries remain nor the three executive officers in post then. Surprisingly, besides Mr Ketteley, three significant shareholders still have stakes - Rights & Investment Trust (up 1.445m shares), Lowland Investment Co (down 0.135m) and Schroder Investment Cap (down 2.711m). [information extracted from my very first ELCO AR for 1999]

It's been quite a journey but for me, see no reason at the moment to head for the exit.

[thelongandtheshortandthetall] 16/2/2021 16:08

Just coming out from being range bound for 2 or 3 years.
All good to 130-150p IMO.

[ansc] 16/2/2021 12:45

Lively this morning, tipped somewhere?

[ansc] 11/2/2021 14:14

I hadn't noticed before that the company brokers had upped their near-term target price to 125p.

My dummy online trade this morning indicated that you can now buy 5k but no quote for any number above that; still able to sell 25k ... at a price!

[ansc] 10/2/2021 13:58

The Market Manipulators don't want to play today, unable to get a quote online to buy even a mere 250 shares; they would, however, let me sell 25,000. Sure sign they've no idea what to make of the recent buying pressure.

[ansc] 10/2/2021 10:05

I couldn't agree more, well done Jonathan:-

Eleco plc

Directorate Change

Eleco plc, the AIM quoted construction software specialist, is pleased to announce that Mr. Jonathan Hunter, who took the position as Interim CEO as announced on 24 September 2020, has been appointed as CEO on a permanent basis.

Jonathan was appointed to the Board in June 2016, having held a number of senior management positions within Eleco plc since joining in 2010. He was appointed COO in 2017 prior to his appointment as Interim CEO in September 2020. Over the past five years, Jonathan has played a major role in Eleco's M&A activity as well as driving a number of crucial global growth initiatives. In addition, he played a fundamental role in the transition to a software group during and post divestment of the company's Building Systems division.

Serena Lang, Executive Chairman, commented: "Jonathan has been pivotal to the ongoing success of Eleco for the past 5 years and has ensured a continuing resilient performance since September, despite the difficulties faced by all businesses during the pandemic. I am therefore delighted that he has accepted the role of CEO on a permanent basis. We are nearing the completion of our strategic growth review and, given his intimate knowledge of the business and the markets that we serve, Jonathan is ideally placed to lead the Company through the next exciting phase of its growth journey."

[thelongandtheshortandthetall] 09/2/2021 10:50

Hi MJ. Yeah ELCO is a great little co. in a nice little niche.

They have cemented themselves in the minds of the builders. That's the point. Even students leave Uni all trained up on Elco software ready to go to work.

Here's a question for you.
Pretend you're a midsize building firm.

Lets say you had 200 staff all regularly visiting elco scheduling software.
Lets also say you have 5 large expensive projects on the go at the same time and new ones on the horizon as others are completed and signed off.
If you want to hire experienced staff they'll come with an understanding of elco software.

Now tell me how on earth you begin to change the scheduling software provider. You can't. You are locked in. All staff are trained on it and all need access to it at the same time - all the time.
You could of course change but the disruption would be astronomical.
Bit like trying to change the engine on a car while it's driving on the motorway.

This has not really been discussed but to me this is crux of the matter. The pricing power will start to bubble up soon. I'm sure Elco are aware and they are still in the process of getting their feet in as many doors as possible before they wack the price up.

:)

[ansc] 09/2/2021 10:33

Is something brewing? Since writing my post [1025] yesterday afternoon, there were 82.5k shares sold @ 100p (I usually do a dummy trade online and yesterday afternoon it was 100/103p) but the price never flinched; a few more sold this morning (with very little evidence of much buying reported (so far) yet the price is up a further 2.5p. Such behaviour very unusual for ELCO.

Watch this space .....
edit - 10.41: Dummy trade (for 5k) and the bid price now 102.5p