Elektron Technology Share Discussion Threads

[tilly99] 27/9/2017 17:25

Haha and the buyers think it's going upPerloff v clever and will use this money for better investments I still think more to go for here I was offered stock at 17p but I won't stretch my luckIf Bulgin can make 7m after tax pe of 12 is 80m and I'm sure the rest of the company is worth more than 0pI still think we can get to 25pLet's see Will miss perloff as he is a good guy and we both made a lot of money in McKay securities

[simon templar qc] 27/9/2017 17:22

Blacky,

They have all been taken up!

But Perloff's sale most interesting so far as I am concerned. All will be revealed in due course.

[blackss] 27/9/2017 17:14

Thats your cue tilly...someone thinks this has topped out :-)

[simon templar qc] 26/9/2017 20:57

Never heard of that one question with your broker. Have heard of order size maybe it means the same. But one would think you could order any size. You could use the ADVFN internal email at top of header next to log in (envelope) and email Tilly, he is well versed in most things or ask him on post.

[gaz16] 26/9/2017 20:43

Hello. I tried place a limit order online to buy this stock at 16.65. The platform would not allow me to place this order stating tick size not valid. Can anyone explain this?

[simon templar qc] 26/9/2017 13:53

Iiger

I think what Tilly is intimating is Bulgin worth the present market cap on its own, everyone knows Bulgin was always the best performer in fact but for the acquisition strategy EKT would have performed better years ago.

As for Checkit its an unknown at the moment, but cap x is indicated to fall.

[tilly99] 26/9/2017 13:49

Agreed a poor returnHowever daley has been a buyer of stock Now he is fully loaded he will do his upmost to promote the Compamy and make a success of all its parts To me Checkit is irrelevant hereWe could sell Bulgin for 30p if we wanted toAll about sum of the parts And for that reason we should be over 20p soonCheckit is option money so I would attribute 3p to it at the moment

[castleford tiger] 26/9/2017 13:45

In the six months to 31 July 2017, Checkit revenues of GBP0.2m were up 58%, albeit from a low base. Development losses of GBP2.3m (H1 FY17: GBP1.8m) were in line with management expectations

TILLY

Profit/(loss) for the period attributable
to equity shareholders 0.1

Simple fact.

A business with sales of 200k that's 8k a week

Had spend of 2.30 million in 6 months that's 96k a week.

That's a poor return

tiger

[tilly99] 26/9/2017 13:27

Haha can't disagree with that blackssI'm pleased I kept the faith at 4p but yes daley has sent 15 years getting to square one while all other peer companies have gone up at least 20 foldDaley was all about control and managed to do that I was the one who got them bailed out..daley still hasn't thanked me ..he's a user ..used me when he needed my help and now dumped me in the river..nice!!

[blackss] 26/9/2017 13:20

"Will we then say daley is a star"
I had to laugh at that :-)


No tilly, we will say he tooks a company having bought Hartest that was turning over £60m with £6m profit and an share price of 50p and systematically destroyed it. He took Elektron to the brink of collapse and was bailed out by one shareholder.
He now has a company that turns over £30m and makes no profit unless you discount the loss making division.
In that time he spent 10's of millions of £'s on waisted moves, acquisitions and his own wages ( did we ever need a chairman and a CEO).
Now the future is pinned on a 5 year old "startup" what devours every penny the group and muster for zero return. Quite frankly if Checkit had to pay back to the rest of the group the 15=£20m it has cost so far it would never make a penny in a million years.
"Will we then say daley is a star" more like Darth Vader on his death star.

[tilly99] 26/9/2017 12:50

Tiger Disagree we made 100k or if that's how you read it it's fineI prefer to value Bulgin as Checkit can be closed any day..yes maybe for a 1m qdIn my opinion Bulgin is worth at least 35m gbp and for that reason ekt will rise above 20pBlackss All I'm saying is that there should've been a broker forecast bit daley had no interest promoting this company as he was a v big buyer of stockNow he has all he wants in shares he will do his upmost to promote this xiniany I'm expecting big volumes now as Institutions scramble to buy cheap shares in an undervalued Company..not realising the destruction of value this mgmnt have madeThe CFO here is v v able and has steadied a sinking shipLet's see what Checkit contributes as if it is a success we will hit 50p v easily Will we then say daley is a star??!!

[simon templar qc] 26/9/2017 12:14

I believe the company had no intention providing figures bear in mind I presented evidence to the court of deceit and the court failed to consider all of the evidence properly.

[castleford tiger] 26/9/2017 12:10

Difficult to argue that Directors are not promoting a company.

If the Company said it was doing a broker note it should have but maybe the broker never got the numbers?
Didn't they change brokers?

KD and Co run this like a private co and have done very well at shareholders expense.
Hence why I sold all but 100k of shares.
Proving these things is difficult but some dreadful business decision's have been made.
Currently the way the accounts were presented at half time was appalling.
Why strip out one division?

Simple facts were we made 100k.

Pleased to be out tbh

Tiger

[blackss] 26/9/2017 11:35

I take your point tilly but thinking something and proving it are two entirely different matters.As you say he would have had a good idea how Bulgin was doing but then at the time you were saying Bulgin was worth 15p alone and you didn't need a broker note. I don't think Daley is without blame for one moment buy i do think he is too clever to get caught out by something like that and even if he was caught out its a slip, a small mistake and a "told not to do it again" thing.

[simon templar qc] 26/9/2017 11:25

BB I disagree but you are entitled to your views. As for the brokers note being out, there are reasons for this which will come to light in due course. By the way the company don't have to use their in house broker, they can independent research done, bear in mind the company do have to comply with the company act.

I think what Tilly is alluding to is Bulgin should have produced the current profits years ago and the fact they haven't is down to the reckless and or wilful wrongful acts of the BOD.

Unfortunately I cannot elaborate at the moment I am having to deal with complex matters and only posting on the BB to take my mind off a stressful situation.

[tilly99] 26/9/2017 11:01

Not sure I agree blackssHe would've had a good idea how Bulgin was doing and if there was a broker forecast they would've had to issue an RNS beating expectations Just more smoke and mirrors We be should more transparent

[blackss] 26/9/2017 10:50

They most certainly don't "have" to produce a broker note and even if they said they would they can change their minds. Quite frankly given how far out previous notes have been i am surprised anyone really gives a toss what a brokers think about EKT.
I have always had issues with the way EKT does business,not least the appalling on going cost of checkit. Any estimates of what it has really cost the shareholders ? £10m, £15m , who knows. the point is as i have said 100 times poor judgment is not illegal.
Daley may have bought shares at 7p but there was nothing stopping anybody buying cheap shares at 5p prior to that either and that's the point, he didn't have an unfair advantage as far as i can see because anyone could have bought at the same time for maybe cheaper.

[tilly99] 26/9/2017 10:22

Hi TigerAren't directors obliged to promote the company?I think it's wrong not to have a forecast for Bulgin even if Checkit progress hard to forecastI wonder if there was a broker note whether daley would've been able to buy all those cheap shares at 7p

[simon templar qc] 26/9/2017 09:03

Hi Tiger,

Companies do have to comply with the company act and as you know Tiger this company have one rule towards particular investors and one rule for other investors, that is illegal.

Furthermore both Elektron and the brokers intimated they would provide forecasts after the fundraise they didn't do so.

The evidence I have collated all points to unlawful engineering by the company and as such is market manipulation.

These matters are currently being investigated by the FCA and the police as they amount to fraud.

Furthermore, they will involve an appeal in respect of previous court actions involving Elektron.

There have been some very serious illegal trades the last few months which amount to criminal conduct.

[castleford tiger] 26/9/2017 08:52

brokers notes cost companies money and they do NOT have to produce them.
If a company is looking at getting a wider shareholder base it may pay companies like Redmayne to produce figures and to circulate to clients.
Clearly the information comes via the company.

Many companies however DO NOT have forecasts in the market.

regards
Tiger

[tilly99] 25/9/2017 21:24

Key is how cyclical Bulgin is and can it make 6m qd every year??If this mgmnt has sorted out hte problems of underinvestment then elt are substantially undervaluedWhy no broker note though??!!

[tilly99] 25/9/2017 20:49

EgIf Bulgin can do 7m operating profit for the next 3 years let's say,one could argue it could be sold on a pe of 12Not sure what tax rate is but let's say bulgin can make 6m after tax pe of 12 is 72mBulgin worth 40p without any other parts included?I've seen sillier things!!17p is far too cheapI'm upgrading my price target from 25p to 40pVery strong buy

[eg2mrb] 25/9/2017 20:23

ST

As an ordinary shareholder`as you patronisingly put it i can assure you wholeheartedly that i am happy with the recent increase in share price which is now a 3 bagger for me. I expect that a number of fellow shareholders are equally satisfied.

Whatever you sold out at is your problem and yours alone.

Sadly the evidence points to a desperate man that has lost a great deal and is looking for anyone else to blame but himself. Have you tried a mirror?

Is Ruff a dog?

[simon templar qc] 25/9/2017 16:20

This post concerns all investors who have sold Elektron shares prior to the recent rise in shares from 5 pence and at or around the share placing.

When I attended a meeting with the directors of Elektron and a representative of FinnCap I was led to believe the brokers would be providing forecasts after the fundraising.

Since the fundraise the company has sough fit not to provide any updated broker notes this is a clear breach of a directors duty to promote the company and as such many holders have bailed out, particularly due to cautious statements.

However over the last few months Ruff had been buying shares aggressively, this was most surprising the timing of which questionable, the FCA are looking into these matters.

Since then I am told the company met up with various fund managers on the day of the results, yet there are no brokers forecasts in the market.

All the evidence points to further wrongdoing by the company and its directors in respect of share price manipulation. Furthermore ordinary shareholders appear to be losing out.

I am assuming Mr Slater would not have sold out the company had have seen fit to provide broker forecasts.

These matters are going to be further drawn to the attention of both the FCA the police and the courts, of which the latter I cannot elaborate on at the moment.

If any shareholders have lost out keep popping into read the thread as I will update if possible on these matters in due course.