Elektron Technology Share Discussion Threads

[wad collector] 10/8/2017 12:15

Not with that spelling anyway!

[simon templar qc] 10/8/2017 12:05

He will not be seeing the back off me I can assure you.

[tilly99] 10/8/2017 11:56

I think Daley won't have a choice unless he is purposely doing a bad job with Checkit so he he can but it off ekt at a pittance but with the Ciry watching everything he does not sure he will get away with it I do think Checkit has at most a year to perform and that's why Bulgin can be valued properly I have just sold more stock so I'm happy!!Won't be a shareholder soon..watch them fly!!Just happy to get a lot of my money back ..just a shame as u spotted a potential good investment spoilt by the worse management in the City!!Daley will be delighted to see the back of me and Barry..he will be a v wealthy man but will he be a happy man ? Someone who has ruined many employees,ex directors and hundreds of PI lives??!

[tilly99] 10/8/2017 11:50

How weird I wrote spec ..sorry!

[blackss] 10/8/2017 11:45

Spec SS ha ha :-)
So as i said the markets are gambling on Checkit being offloaded. The problem there is Checkit/Daley/Elektron are joined at the hip and it's impossible to see how Daley could survive the winding up of checkit so checkit will run and run because Daley is Elektron and that is why i find it so hard to separate the small profit of one half to the huge losses or the other.
Makes no odds though because you hold a shed load of stock and the share price is rising so fair play to you.

[tilly99] 10/8/2017 11:28

Spec SSA better way of answering your questionIs that Checkit has had so much investment I think the Bod will know in the next 6 months whether Checkit will be a success Thus Bulgins profits will not be impeded by this huge investment

[tilly99] 10/8/2017 11:14

Black asCos it shouldn't have been trading at 7pNot sure what you are writing but it makes no sense at allBulgin is worth a certain amount ..irrelevant what Checkit costs cos soon if it don't make any dough they won't invest in it Means Bulgin still worth what it makes X a peThink you are missing the point here The market got it wrong at 5p..Bulgin is a great business ..if someone bought the company they would make money at 15p

[blackss] 10/8/2017 10:56

The share price has risen 100% on no news and pretty appalling figures, Quite frankly if it was worth 7p 10 weeks ago someone will have to explain to me why it's worth 14p now and not 3p ? because it's not obvious from the figures or performance ?

[blackss] 10/8/2017 10:50

No one has explained to me yet how you can value a company on the profitable part while completely ignoring the rest that makes huge loses unless you plan to break up the company.
Even the company regards itself as cash generative while spending millions more than it earns funded by selling off its assets. how is that sustainable ?
I think the share price is being manipulated, again today the share price is up 6% on trading of 0.03% of the Mkt cap, it's nonsense and again unsustainable

[simon templar qc] 10/8/2017 10:38

Black

The losses will be stemmed (excluding Checkit) by now I would have thought!

Bulgin is worth the market cap as Tilly says.

What is wrong is Daley & ORS have profited for wrongful conduct but these matters will be dealt with in due course.

All what has bene happening the last few years was entirely predictable and will be revealed in due time.

[blackss] 10/8/2017 10:25

This is old ground Tilly and i respect your views but i still cant see why a group of companies is valued on just one division while completely overlooking the huge losses of another.
I can only think buyers now are gambling on the failure and closing down of Checkit or the breakaway of Bulgin but all the while they are in the same basket one will crucify the other. Eventually they will run out of Divisions to sell off, i suspect the huge drop in turnover from Sheens and co heralds the start of the next sell off and will be the end of Hartest. Is no one accountable ?

[simon templar qc] 10/8/2017 09:32

There was no need for a placing they cannot profit out of any wrongdoing just wait and see.

[tilly99] 10/8/2017 09:23

Black SSD and a have trebles their money from the huge investment they made at 5p saving the company!! They aren't going to get rid of Daley are they!!Kinder is an old mate of Daley and perloff investment here is petty cash to him and he and Daley go back a long waySo Daley is impregnable and has a job for life When we were 5p I said we should be 15p and you all laughed at me This isn't about NAV it's all about Bulgin and that's worth 15p so we are now trading at the right price For anyone thinking Checkit will be a success(not me!!) this price is still a steal

[simon templar qc] 10/8/2017 09:12

Tilly99

No director can be seen to profit from wrongdoing litigation is continuing and it will be for some time to come.

Finncap had a 70 pence price target and this would have been easily reached but for Daley and Wilson's strategy.

[blackss] 10/8/2017 09:12

It's always reminded me of what someone said here years ago.
The King's new clothes
Daley strutts about saying look at me and how well i have done while all the shareholders and staff are too embarrassed to tell him the truth (except on glass door) :-)
Bottom line is and always has been he has the backing of the major shareholders who really aren't bothered and that's all he needs.

[tilly99] 10/8/2017 09:02

I invested here in 2003 at 17p14 years later after the biggest boom in electronics the UK has ever seen we are at 14pEverything Daley has done has been a disaster ..China move..hartest acquisition..selling versarien at multi year low ..selling subsidiaries for a fraction of their cost..sacking directors ..illegal Jsop scheme..cancelling the dividend..poring 12m gbp into Checkit which after 4 years has 200k of revenues!!Yet he still Is chairman demanding huge bonuses at the expense of shareholders capital losses and "sacrosanct dividends"!!You couldn't make it up!!

[tilly99] 10/8/2017 08:54

This company is now a lifestyle for DaleySold off everything except for Bulgin and opthalmicsNo role with Checkit sales at 200kStrolls in to our luxurious offices at any time he pleases for a nice relaxing day with no pressures and takes home 300k per annum and free ekt shares issued at 0pGreat life if you can get it!!Got to hand it to him..he's unchallenged and in charge

[blackss] 10/8/2017 08:54

Disastrous result for checkit which again stands still. Oh yes they can spin it as a 49% increase but that's the beauty of statistics. 49% of nothing is pretty much nothing and still they say "Checkit continued to show early promise" after what is it 5 years ? No doubt the BOD are also impressed with the invention of the steam engine... Sales in IMC have dropped 18% so no doubt they will be sold off to keep everything else afloat for another couple of years by which time Daley will be able to collect his pension and Elektron will be renamed Bulgin and be back where it started 15 years ago
You couldn't make it up...

[tilly99] 10/8/2017 08:22

Bulgin still not where it was 15 years agoCheckit wasted 10m gbp investment Daley ruined Ekt but has earnt 4m gbp in wages and bonuses Ekt worth 15p at least just based on Bulgin We were 15p 15 years ago so daley has added no value to ekt unlike every other Company in sector rising at least 3 times!!Without Daley we would be at least 60pHow has he still got an exec role at ekt?

[simon templar qc] 10/8/2017 07:26

Bulgin the core operations performing strongly which was expected in fact it would have performed much better and quicker but for Daley's acquisitions which held the company back and to some extent is still doing so.

So why is Daley still at EKT?

Hopefully not for long!

But for Daley and Wilson Elektron would have powered away before now there has been a lot of engineering the last few years which has caused damage to ordinary shareholders which is going to be dealt with through the courts.

[tilly99] 31/7/2017 09:59

Bulgin is worth the mkt capRuffer must see it as a free punt on the other parts

[blackss] 31/7/2017 09:26

The important thing for you is the share price keeps going up which it appears to be doing even if there is no obvious reason.
The markets seem to value EKT more with 500k cash in the bank than they did when it had a profitable div under its belt....sustainable ?

[tilly99] 31/7/2017 09:08

If Checkit isn't a success Daley will have lost 45m gbp of ekt funds!!I invested 15 years ago cos of BulginBulgin still doing well but daley actions nearly bust us

[blackss] 31/7/2017 08:31

It must be incredibly embarrassing to have to to sell these companies to their former managers and watch them make a success of them. £500k !! i wonder what Daley paid for it. Still the company's latest plan seems to be selling off all the profitable bits and sticking the money in a dead loss, What could possibly go wrong :-)
I suppose the reason for all this is by selling off the assets it artificially props up the bottom line while they pile money into Checkit. Quite why Daley is so convinced he can make a success of Checkit where he has failed miserably with every other purchase in the last 10 years remains to be seen.