Share Name Share Symbol Market Type Share ISIN Share Description
Elektron Plc LSE:EKT London Ordinary Share GB00B0C5RG72 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -0.74% 16.875p 16.50p 17.25p 16.875p 16.875p 16.875p 8,033 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 32.7 -1.6 -0.5 - 31.40

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Date Time Title Posts
20/10/201719:27EKT - Looking Good!683
21/4/201721:32The Elektron Thread210
27/3/201720:34Elektron Technology PLC1,117
21/3/201718:55Ekt fit for the bin14
04/3/201718:13Elektron +30% in last 7 days79

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Elektron (EKT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-10-20 15:12:3016.885,000844.00O
2017-10-20 09:58:0616.883,033511.97O
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Elektron Daily Update: Elektron Plc is listed in the Electronic & Electrical Equipment sector of the London Stock Exchange with ticker EKT. The last closing price for Elektron was 17p.
Elektron Plc has a 4 week average price of 15.25p and a 12 week average price of 13p.
The 1 year high share price is 17.25p while the 1 year low share price is currently 6.63p.
There are currently 186,099,851 shares in issue and the average daily traded volume is 22,354 shares. The market capitalisation of Elektron Plc is £31,404,349.86.
tilly99: Just reread the LTIPThe management here get paid solely(with a share price addition) on how much cash they can get in the bankSo disposals aren't based on what's good for shareholders but purely on the LTIP so any cash means they get paid out So I think we will see all our company sold off until it's left with Checkit and then it's a free punt for mgmnt Let's say we have 50m in the bank after selling everything including Bulgin..the mgmnt will be left with huge bonuses via the LTIP and then Checkit will be a bonus if it is a success..that's what I believe will happen within 3 years's a no brainer for mgmnt You may ask how that benefits Daley..well him and Wilson are joined at the hip and may even own a private company together so I'm sure daley will also benefit from a sell off of assets
tilly99: Don't think your opinion will move the share priceIf they close Checkit today or it gets 3m recurring revs Then can't you see upside here or do you think this year is peak for Bulgin in the cycleMoving from Torquay has to be good news surely?!No will check out fcr thread ..I've been tied up on other stuff (like buying my wife a new car!!)
eg2mrb: 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: 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.
simon templar qc: No Judge is in Daley's pocket but it isn't surprising the courts wouldn't be happy over wrongdoing in the legal profession. As for a miscarriage of justice you are correct. There have been many miscarriage of justice if you would bother to look them up, people jailed then let out on appeal, this is why we have the Supreme Court and the European Courts of Human Rights, I think you will find my cases not reached those levels as yet. Neither has there been a criminal trial in the Crown Court, but there is a criminal investigation on-going however in relation to share price manipulation and fraud. You will have also noticed I am not at all afraid of libel in this matter, as I have the evidence to back up my claims. In fact Keith Daley attempted to sue me for libel then later withdrew his actions, through his solicitor Marshalls. All these matters are public knowledge and would have become clear if you had have attended all the hearings.
castleford tiger: The one problem in trying to value EKT is that all the profit went at CHUCKIT. Bulgin maybe making a shed load but CHUCKIT is loosing it as fast. The share price certainly looks like it will make 20p. Sold just about all mine so hardly stake left but at least they went into my ISA so gain protected tiger
simon templar qc: Its all been engineered Rod. If Daley hadn't been on a reckless acquisition spree the share price would be nearer £1. You can be assured the directors will not benefit through fraudulent conduct however. Tilly is correct millions and millions are involved.
tilly99: I don't think Keith worries about anything except his control of Elektron and now he has the support of Ruffer,Daley is in complete control to do as he pleases..he is now invincible and finally wants the share price up now he has finished buying all his shares..he wanted them as low as possible to buy his Jsop shares at mid market price in size when there was no sellers..ekt took the loss and Daley the huge profit Daley is the ultimate winner here and has now not only made millions in salary he is also making millions on his shares Game set and match to Daley
tilly99: Simon I do feel that this year we will see some fireworksDaley knows that his time is up unless he pulls something out the bagShareholders aren't just going to pay for his lavish lifestyle of champagne and trips abroad without getting something back in terms of ekt share price gains
yoyoy: Elektron Technology Conclusion of Strategic Alternatives Process RNS Number : 1029K Elektron Technology PLC 20 June 2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, RUSSIA, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL Elektron Technology plc ("Elektron" or the "Company" or the "Group") Conclusion of Strategic Alternatives Process Termination of Formal Sale Process and End of Offer Period Intention to Raise up to £3.5 million via a Placing and Open Offer Elektron Technology plc (AIM: EKT), the global technology group, announces the conclusion of the Strategic Alternatives Process previously announced on 7 April 2014 and that it is in advanced negotiations to raise up to £3.5 million via a placing and open offer. As part of the Strategic Alternatives Process, the Board received various approaches from third parties interested in making an offer or providing additional capital funding for the Company. The most attractive approach was an indicative offer which valued the Company's equity on an indicative basis at 10 pence per share. This indicative offer was received on 8 May 2014 and was subject to a period of further due diligence and there was no certainty that a firm offer would actually be made nor as to its terms. This approach included a precondition that certain specified shareholders holding in aggregate over 55 per cent. of the Company's issued share capital provided hard irrevocable undertakings to accept an offer made by the potential offeror at the level of 10p a share. John Kinder and Keith Daley, being two of the Company's major shareholders, holding in aggregate approximately 25.95* per cent. of the Company's issued share capital, confirmed in writing to the Company that they were not prepared to accept an offer at 10 pence per share nor to give hard irrevocable undertakings to accept such an offer. On 16 June 2014 the Company received a revision to the approach outlined above. This revised approach excluded any precondition in relation to the provision by John Kinder and Keith Daley of irrevocable undertakings to accept an offer at the level of 10 pence per share, but still required certain shareholders holding in aggregate over 32 per cent. of the Company's share capital to provide hard irrevocable undertakings to accept an offer at this price. In addition, as part of the preconditions of this revised approach the potential offeror would have needed to reach agreement with Messrs Kinder and Daley in respect of their own shareholdings. As part of the Strategic Alternatives Process, other potential proposals considered by the Board have included an equity fundraising to be supported by shareholders and/or third parties. The Board received expressions of interest in participating in a fundraising from several major shareholders including Keith Daley and John Kinder. In view of this, and the fact that Keith Daley and John Kinder, together with John Wilson, are part of a Concert Party, it was inappropriate for Keith Daley (Executive Chairman) and John Wilson (Chief Executive Offer) to participate in the decision-making process as to which course of action should be pursued. An Independent Committee of directors was, therefore, formed comprising Tony Harris and Ric Piper, both of whom are independent non-executive directors, and Andy Weatherstone, the Chief Financial Officer (the "Independent Committee"). The headroom on the Group's working capital facilities reduced significantly in the prior financial year and as at the Group's year end on 31 January 2014 the Group had headroom of £1.1 million. Whilst the Group has generated cash in the first quarter (to 30 April 2014) of the current financial year it has experienced some reduction in sales in May resulting in a fall in available headroom given the Group's principal source of working capital is an invoice discounting facility. The Group is currently operating on low levels of headroom. As a consequence of the fall in headroom and the Group's performance in the past year, the Group's principal lender, HSBC, and Elektron have entered into amended bank facilities. These amendments reset future covenant tests. In support of Elektron's current fundraising strategy, a new test has been introduced that will require the Group to maintain a minimum headroom of at least £1 million with effect from 30 June 2014. Failure to meet any of the covenants would technically give HSBC rights to step in and protect its position, at which time the Board will potentially have to consider options which may be destructive of shareholder value. Accordingly, the Independent Committee, mindful of the Group's financial position and the requirement of its banking arrangements and on the basis there could be no certainty that the conditions of the indicative approach referred to above could have been satisfied in the required timescale, if at all, has determined that an equity fundraising is the appropriate solution at this time. The Independent Committee has given consideration as to the best way to structure the proposed equity fundraising, having regard to, inter alia, current market conditions, the Company's near-term funding requirements, the level of the Company's share price and the importance of pre-emption rights to shareholders. After considering these factors, the Independent Committee has concluded that the most suitable option available to the Company and its shareholders as a whole is to structure the equity fundraising as (i) a placing (expected to be effected by way of a cashbox placing) and (ii) an open offer to shareholders with an excess application facility allowing existing shareholders to apply for further shares. The Company is in advanced negotiations to raise up to approximately £2.3 million (before expenses) through a placing with existing investors of new ordinary shares of 5 pence each (the "Placing Shares") at a price of 5 pence per Placing Share (the "Placing Price") (together the "Placing"). The Company also intends to raise up to a further approximately £1.2 million (before expenses) by way of an open offer of new ordinary shares of 5 pence each (the "Open Offer Shares") to existing shareholders at the Placing Price (the "Open Offer"). Existing shareholders would have the opportunity to participate by acquiring Open Offer Shares pro rata to their current holdings with the option of applying to subscribe for further shares under the excess application facility. To the extent that additional Open Offer Shares are not subscribed by existing Shareholders, investors including John Kinder and Keith Daley (among others) are expected to commit to subscribe for a certain number of these shares. If successful in its intention to raise the new funds, the Company intends to use the net proceeds of the Placing and Open Offer to reduce its borrowings with the bank, to fund working capital requirements and to invest in new product development and marketing. All indicative offers for the Company have now been rejected. The Board has decided to terminate the Strategic Alternatives Process, which includes a formal sale process under the City Code on Takeovers and Mergers ("City Code"), with immediate effect. Elektron has received confirmation from the participants involved in the formal sale process that they are no longer considering an offer for the Company. Therefore, the Company is no longer in an offer period under the City Code and accordingly, the requirement to make disclosures under Rule 8 of the City Code has now ceased. * Excludes Keith Daley's Joint Share Ownership Plan interest in shares held under the Elektron Technology 2012 Employee Benefit Trust. Including this further interest, John Kinder and Keith Daley are interested in aggregate in approximately 29.90 per cent. of the Company's issued share capital. For further information, please contact: Elektron Technology Keith Daley - Executive Chairman +44 (0)1223 371 000 John Wilson - CEO Andy Weatherstone - CFO
Elektron share price data is direct from the London Stock Exchange
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