Eleco Public Share Discussion Threads

[from8to800] 29/7/2021 07:56

135p from 125? It closed at 135p yesterday!
No only that, I was actually sold shares at 138p which for some reason didnt print.

[edmonda] 29/7/2021 07:31

#ELCO Amidst all the recent football hullabaloo, England weren’t the only side scoring from every angle. Team Eleco, an ambitious BuildTech software firm, also “performed extremely well”. Saying that H1’21 turnover jumped to not less than £13.7m, or +13% LFL vs LY (£12.2m) and +9% vs H1’19 (£12.7m). With growth accelerating sequentially from 9% in Q1 to approx 17% LFL in Q2.

We believe the Board’s new strategy has success written all over it. Sure it’s still early days, yet first impressions are promising. In addition, the company plans to fast-track its transition to a full recurring revenue model. By placing greater emphasis on this option in H2, particularly in the US where SaaS adoption is already high.

Our valuation nudges up to 135p/share from 125p, thanks to the improved earnings quality. Moreover the stock trades at a wide-discount to peers, on 3.9x 2021 EV/Revs & 15.7x EV/EBITDA compared to 11x & 30x for the sector. Plus with a 3-5 year view, we could readily see ELCO justify a price of above 200p.

[thelongandtheshortandthetall] 28/7/2021 11:51

Yeah. Every so often there's a flurry of buys over 1 day. Probably a reasonably high net worth private investor buying.
the buying pattern/amounts seem to dry up once other buyers arrives.

Happened quiet a few times :)

[chrisdgb] 28/7/2021 11:39

Someone's keen.........

[thelongandtheshortandthetall] 22/7/2021 16:31

Morgan Sindall trading update bodes well for ELCO IMO.

[chrisdgb] 22/7/2021 14:23

Indeed, let us hope trading remains strong........

[ansc] 20/7/2021 12:32

This consistent selling appears to be being comfortably moped up so someone must be interested.

[thelongandtheshortandthetall] 12/7/2021 14:51

Oh yes ansc.
Cheers for the reminder.
last year on the 14th of July :)

[ansc] 12/7/2021 11:37

With the possibility of a trading statement this week, the Market Manipulators are not taking any risks online this morning; the narrowest of spreads (at 134/134.3p) but restricted to just a paltry 2.0k.

[brummy_git] 30/6/2021 16:37

Yes, stockprice has been rock solid for a few months now

[thelongandtheshortandthetall] 30/6/2021 10:41

I think the market is appreciating safe predictable growth businesses at the moment.

[ansc] 30/6/2021 10:32

Trading update announced on 14th July last year. That will happen again this year hopefully and possibly explain the strength of ELCO's share price even in this difficult economic environment.

[thelongandtheshortandthetall] 24/6/2021 10:28

Elco is in rude health IMO.
And as with other SaaS businsses once things are up and running more and more of the incremental turnover falls to the bottom line.

Exponential growth in EPS ensues.
:)

[chrisdgb] 24/6/2021 09:44

Probably around three weeks to the next trading update here, would be fascinating if they could boost organic growth with an enhancing niche acquisition...?

[ansc] 23/6/2021 18:42

Nope, little change by the end of trading, 62,170 shares sold with 1,752 bought, still no change in the share price

[ansc] 23/6/2021 13:30

52,670 shares sold this morning against just 752 bought but the share price hasn't wavered, unusual for ELCO. Maybe an explanation will be revealed this afternoon.

[ansc] 15/6/2021 10:03

With a mere 15.5k shares sold this morning but the share price marked down 6p, one can only assume that the Market Manipulators are holding back a largish sale or there is some bad news in the pipeline ..... will wait and see.

[chrisdgb] 14/6/2021 10:11

As stated before, I am convinced we finish with a bid here....

[thelongandtheshortandthetall] 11/6/2021 14:16

Only 46,000 shares traded too. Gives a good indication of where the share price is going. ELCO are just churning on in the background. Only good news to be expected as time ticks along IMO

Similar situation for FCAP today also.

[ansc] 11/6/2021 14:06

A burst of buying activity (c.11.40 ish) I've no idea why.

[thelongandtheshortandthetall] 03/6/2021 16:45

Funny how such low volume can push prices up sometimes.

RNS tomorrow?

[chrisdgb] 26/5/2021 09:40

Who knows, but bid activity clearing picking up in the UK......

[chrisdgb] 24/5/2021 13:32

200p takeover will do for me............

[ansc] 21/5/2021 18:37

The day's first trade (a 50k buy @ 121p marked at 09.39) not reported by the Market Manipulators until just before the market closed ..... no surprise there then.