Elektron Technology Share Discussion Threads

[yoyoy] 30/6/2016 07:28

New share option scheme to replace the JSOP.

You will need a large strong hot coffee to understand it in detail (too early in the morning for me).

[blackss] 23/6/2016 10:55

I can't imagine the directors give a toss, it's their enforcement of their costs that caused the damage i would imagine. As for the other large shareholders ? well they seem happy to watch their investment go down the pan. quite bizarre.

[yoyoy] 23/6/2016 10:35

That is indeed sad news.

I hope the directors and all the other large shareholders reflect on this.

[wistleblower] 23/6/2016 08:39

The other large shareholders sat back and watched and yet they had the most to gain.

[jugger123] 22/6/2016 17:49

Same sentiment here, hopefully they won't get there full claim

[castleford tiger] 22/6/2016 15:11

Dreadful news and I hope the Chairman feels proud.
Barry fought the corner and whilst he was right the system was against him.

The company whilst not the one who started the legal action , caused it by being greedy and destroying shareholder value.
I hope the next sip of Champagne KD has slips down the wrong way.

Gutted for him.
A

[eg2mrb] 22/6/2016 13:50

A sad, sad state of affairs. Bridge declared bankrupt:



Those that goaded him should hang their heads in shame.

[peterthethird] 18/6/2016 01:38

Lost interest in ekt and their shambolic mess. They still flushing company down toilet?

[blackss] 14/6/2016 08:32

As someone said they originally launched Checkit in 2013 so true development cost will be from at least 2011 i suspect. True development cost will be way more than the declared £3m for the last 2 years.

[agarstly mess] 13/6/2016 17:41

From the recent announcement.

"Checkit sales: £0.2m (2015: £0.2m"

"Our investment in Checkit is aimed at building substantial recurring revenues over time by delivering a range of products that remove the inefficiencies and limitations represented by manual, paper-based processes in businesses."

"Checkit is now live with 78 customers."

"Food hygiene is a key application for Checkit, with over 500,000 premises in the UK alone inspected for food safety."


The analysis:

Sales are flat for a business model that is based on a subscription service. This indicates a decline in the ability to sign new customers. A percentage of this years £200k came from last years customers meaning they signed up fewer customers this year than last.

Assuming that each of their 78 customers has on average 3 sites or premises means they have captured approx 234 of the possible 500,000 sites in the UK. This represents a 0.0468% share of the UK market for a product being heavily promoted for over 2 years.

For combined operating losses of £2.9m and capitalised development costs of £2.8m (since they started separate reporting, so the true figure is undoubtedly far higher)this is an extremely poor result.

Based on the results achieved to date, allocating further company resources to Checkit would, by any reasonable business persons standards, be negligent.

[hastings] 13/6/2016 15:45

Not a fan of this company, but may be of interest to those that are!

hxxp://www.cambridge-news.co.uk/Checkit-s-sensors-help-laboratories-blood-samples/story-29385518-detail/story.html

[blackss] 11/6/2016 15:15

Bout sums it up spec7 but what i have never understood is just why the major shareholders go year after year watching their investment decline and the company reputation decline and seem perfectly happy to leave the management in place ? Ok so we have a couple of major shareholder stooges on the BOD masquerading as independent but even they have been unable to bring about any obvious change to plan or direction. D&A have effectively bankrolled this operation and yet seem happy to leave those responsible for losing their initial investment in place to have a second go ?
Maybe Patviera can explain the faith they all have in this company and the team ?

[galoot] 09/6/2016 21:27

I smell a big rat !!!

[jugger123] 09/6/2016 17:26

I think given today's response on here to the results, they have achieved the desired effect total apathy

[spec7] 09/6/2016 08:15

Without having time to look to deeply at the moment, a couple of first impressions.
Each year they seem to announce the launch of Checkit or a variation of. This is rather misleading as checkit was actually launched in 2013.
this from the 2014 accounts
-- Checkit, a smart, wireless food safety monitoring system, launched in Feb13..

They also say...
"We remain focused on key new product development programmes, in particular relating to the Checkit brand and where possible, realising value from our current portfolio.
So it looks like more sell offs to fund Checkit are likely.As i said the other day selling of the carrages to "keep the train a rollin"

[blackss] 09/6/2016 07:10

As i suspected the results were delayed to allow the inclusion of the Agar sale which is a good distraction from ..........
Checkit sales: GBP0.2m (2015: GBP0.2m), underlying operating loss: GBP2.2m (2015:GBP0.7m), gross capitalised development costs to date: GBP2.8m (2015:GBP1.3m).

80 customers to turn over £200k ? of a flagship brand ... with no increase in the last 12 months ?

[jugger123] 03/6/2016 17:32

Ss like all star turns we should enjoy while we can,

[blackss] 03/6/2016 14:10

Very droll spec, is this a one night stand or are you here all season ?

[spec7] 03/6/2016 10:56

You might also look up "Pi's"
Private investors, people who fund other people's extravagant life styles, usually way above their own, on the promise of a steerage class ticket on aforementioned train.
A Pi's dream is to ride the gravy train, the engine drivers mission is to make sure the Pi's never even make it on to the platform while making sure they bought a ticket (non transferable) anyway. The secret is to make sure these Pis are taken to the next station on a bus replacement service where once again the train will fail to stop for them but hopefully they will have bought another ticket by then anyway. :-) and so on....

[spec7] 03/6/2016 10:45

BSS
Your latest waffle contains several question marks about the direction here but never lose sight of the underlying situation. A quick glance at the urban dictionary will reveal the true meaning of “Gravy train“
An occupation or any lucrative endeavour that generates considerable income whilst requiring little effort and carrying little risk
Or
A gorging on luxuries, since someone else foots the bill.
Of course the main aim of anyone riding the gravy train is to make sure the train travels as far as it can before it comes off the rails. This may involve an injection of cash from some gullible passengers or just selling off a few carriages along the way. Ideally the train will be as short as possible when it hits the buffers. The clever part is getting the train past the accountants who control the signals and can divert the whole rattling, clonking thing into a siding at its annual inspection. Fortunately, the rules of the AIM Railways are pretty lax and any engine driver worth his salt should be able to sell of a carriage to “keep the train a rollin” preferably a third class carriage because that’s where the PI’s sit.
What has this to do with EKT ? not a clue mate ;-)

[blackss] 03/6/2016 10:06

Its interesting that the later the results get and the further the AGM is pushed back the higher the share price goes. Is this one person's half hearted attempt to prop up the share price with a few small buys or a spattering of new investors i wonder ?
we have to remember now that whatever is going on its being done with the full backing of D&A who have a man on the BOD so rather than the banks putting their foot down or the accountants not signing off the accounts maybe , just maybe they have a secret plan here ? Or is that what we are supposed to think with a few well timed buys in the background ?