Elektron Technology Share Discussion Threads

[blackss] 08/2/2019 15:12

Dont know Nico, dont really care. its hypothetical anyway as they will never sell Bulgin, there would be nothing left, sell Bulgin you might as well just sell Elektron.
Look at the income from Chuckit ...lol you couldn't even pay Daleys bar tab from that let alone run Wilsons swimming pool.

[gtibruce] 08/2/2019 14:17

nico115 Bulgin was the reason why we all Invested here and if it was just that we would be over 100p now. But i thought you had sold out!?

[nico115] 08/2/2019 14:01

Bulgin was the reason why we all Invested here and if it was just that we would be over 100p now Tell me what you think Bulgin is worth ?

[blackss] 08/2/2019 13:20

Bulgin has always been Elektron. They have messed about with other side lines, wrecked a few good companies like Sheens given away a few gems like VRS, lost millions in Chuckit but the only reason they are still here is Bulgin. Its the one constant that even Daley hasn't been able to mess up (so far).
To think that Elekton is greater than Bulgin is pretty delusional i think. Just imagine what the accounts would look like if they removed Bulgin.....lol

[nico115] 08/2/2019 12:50

Not sure it's as affected by a slowdown as Bulgin will be However you must admit Bulgin has done v well the last 2 years and you didn't forecast that at 5p! Nor did I although i didn't think it would go bust What's your thoughts now ? Even if checkit goes surely Bulgin is worth at least 30p? So downside here is 10p? Agree?

[blackss] 08/2/2019 11:12

Bottom line is...the company IS Bulgin now. Sell that and there is nothing left apart from EET..oh hang on, they want to sell that too ;-)

Nico, all the reason you give for a slow down in the EU and Bulgin are the reasons Chuckit will not be a resounding success. Pubs,restaurants, food outlets are closing by the score. without Bulgin funnelling millions into it i doubt it could even stand still ?

[nico115] 07/2/2019 19:36

"even in recessions the kit they make and sell is needed. "Let's agree to disagree on that!!Numbers will be impacted Keith once said to me if Europe is finished then we are finished I think what he meant was if Europe is in trouble then our revs/profits will be largely impacted Let's hope I'm wrong as I would like ekt to prosper and the shares to rally Checkit ..not doing well considering the time and money invested here but whose to say it won't be a resounding success..early days

[rar100] 07/2/2019 18:23

It wasn't a good day on the markets generally so I'm still holding on as they are pretty stable and have done well over a year or so and even in recessions the kit they make and sell is needed. If they can offload a part of their range that's detracting from the bigger sellers then they are being wise, all just my opinion.

[gtibruce] 07/2/2019 17:07

nico115 thanks for answering part of my question i still see it bouncing back to 45p like it did not so long ago. After all you have just mentioned 45p was fair value post 1322 and i know you considered Checkit being awful but its not now!?

[nico115] 07/2/2019 16:29

Ruffle not rudder

[nico115] 07/2/2019 16:28

Also I see rudder selling down some holdings so if he tries to sell Ekt along with Kinder these will come under real pressure Anyway enough from me ,Andy weatherstone has done a good job here and Peter Welch has left at the top imo..it's all a cycle and we are peak profits now

[nico115] 07/2/2019 16:00

It's an opinion and I'm not asking for anyone to agreeHowever the last time Europe was this dire (and it wasn't AS bad) there was a lag and Bulgin figures were disastrous,don't for one minute think Bulgin won't be affected by the abysmal macro data coming from Europe It's a given Would I buy back at 35p? No as upside not big enough Is this cheap at 35p ? Maybe if checkit gains traction Whats fair value for Bulgin? Taking 10 years cash flow and profits into consideration ..probably 35p so add the cash in and ekt worth 38p plus checkit So far checkit has been an awful investment ..let's see

[gtibruce] 07/2/2019 14:18

Yeah, and if the share price dipped to around 35p i wonder if Nico would suddenly take a different view and see things with a little more optimism once more and buy back in again!?

[cfro] 07/2/2019 14:07

nico115,

You may well be right about a possible Europe wide recession, the current economic data doesnt look too good. That being the case it is currently having no effect on Bulgin right now as they are set to report a record Q1.
That said it appears that Bulgin is not at all effected by any weakening data. Neither is it guaranteed that Europe will properly enter a recession anyway.

[gtibruce] 07/2/2019 12:21

Nico
You would then have the choice of cashing in. What ever the final sale was, how do share holders get paid. Would the share price paid out be the same as in pence what was paid for the company. How is it all worked out? Or are shareholders informed well in advance before a sale takes place to decide on the share price they already hold?

[nico115] 07/2/2019 11:17

Yes Bulgin is doing great but it's a cyclical business and one glance at the macro data coming out of Europe tells you all you need to know about what's going to happen to demand for Bulgin products It's really dire out there,really hope my forecasts are wrong as never like to see recessions anywhere and it's happening and getting worse Sell when times are good in companies (like today) and buy when times are bad

[cfro] 07/2/2019 11:08

There is a lot of assumptions in your posts...

Bulgin is about to do a record Q1, there is not yet any evidence of slowdown.

They also have talked about the opportunity for Bulgin in the US which could be very large.

[nico115] 07/2/2019 10:50

I think he will want to just sell Bulgin He wouldn't get much for checkit and he would use some of the proceeds to invest in checkit You would then have the choice of cashing in or staying invested in checkit Keith will have to get a move on though as Europe is deteriorating much more than anyone can imagine .Most areas are in a recession and it's deepening rapidly which will largely affect Bulgin towards the back end of the year

[gtibruce] 07/2/2019 10:37

Nico115 If Bulgin did get sold off what would that do for the share price for holders. And if so would they just carry on with Checkit? or do you think he wants to sell it all lock stock and barrel?

[nico115] 07/2/2019 09:09

No idea FoxAll I know is European data is getting worse by the day ..look at German data yday!!Keith will be looking to offload Bulgin at a lower price now as he knows Bulgin will warn towards the end of the year Well done to the FD for turning this company around

[1fox1] 06/2/2019 11:16

WOW!! I just checked in to see how this was getting on. Blimey it's had a good run. Is Templar still invested or did he sell out. Last thing I heard he was going through a court case.

[cfro] 05/2/2019 11:00

Just worth reiterating that an offer was made for bulgin at a "substantial premium to the whole marketcap of the company" therefore implying that Bulgin alone could be potentially worth in excess of £84m.

Also worth reiterating that Bulgin is set for record levels of revenues in Q1 and increased orders plus increased margins.

[nico115] 05/2/2019 09:03

Keith is v shrewd Knows he has to sell bulgin as it's peak earnings last year with Italy in recession and most of Europe entering recession He will be trying to desperately offload Bulgin The buyer no doubt pulled out cos of Brexit and other macro uncertainties Shame about EET as when I last spoke to Keith he was uber bullish about this part of the business which is obviously not worth a lot of money now 45p probably fair value unless checkit takes off

[interceptor2] 05/2/2019 08:29

Very interesting update,with news of unsolicited approach substantially over group market cap for Bulgin, this has highlighted to others that they are open to offers, so we could see some other offers coming in?

With EET up for sale and Net cash increasing strongly to £10.1m it is possible that we will end up with one division Checkit with more than enough of cash to develop the potential and a return of cash to shareholders?

Still trading strongly with Q1 at record levels and agree cfro that the with the USA Bulgins largest market the 25% tariffs imposed on China is likely to see an opportunity to continually increasing trade to the US.

[cfro] 05/2/2019 08:18

The Bulgin division clearly going strongly and set to do record levels of revenue in Q1. Interesting that they did receive a bumper bid for this last year. Also interesting to see that that Bulgin are benefiting from Chinese trade tariffs to US as they are based in Tunisia. Perhaps a back-door way of getting into the States through China?

EET to be sold. SHould add to already healthy cash levels.