Elektron Technology Share Discussion Threads

[simon templar qc] 19/5/2017 14:50

The word medium term is used time and time again. Its all jam tomorrow they do not deliver but at the same time take excessive salaries for no performance.

[tilly99] 19/5/2017 14:10

Board believes will deliver growth in the medium term."What is the medium termIt's certainly not 15 yearsPromised growth in 2002!! We've had negative growth and lost 35m gbp in redundancies,relocation,acquisitions and Checkit Daley owes us millions yet we continue to pay him millions

[tilly99] 19/5/2017 13:06

Simon When I first invested here in 2002 over 15 years ago Bulgin was making more money than it is nowWe were being paid decent dividends and the shares were 17pOur shares have halved whilst our peers have all risen 500 to 700pctHow can shareholders keep Daley as CEO?He has sold versarien 400pct below where they are todayHe lost 9m gbp moving out of ChinaHe hasn't got one institution invested in ekt shares He has ploughed 12m pounds into Checkit which had 300k of revenue Daley needs to leave asap

[simon templar qc] 19/5/2017 12:53

Cannot say very much at the moment but more court cases on-going.

Have only had a brief scan of results but an immediate concern came to mind.

If shareholders recall, when the company talked about its new push pull connectors they mentioned how much the market was worth, which was in the billions, well they have done exactly the same with Checkit!

Same old waffle and spin but no substance in growth. I'm lost for words as for the revenue stream its clearly pathetic. Three years after millions of spend and a paltry 300k of sales is shocking.

Think of the dividends that could have been paid out or the money spent in other areas.

[corporal pesky] 19/5/2017 12:42

Good! If Daley and his dork of a muscle-bound side-kick are in for a big shock or 3 that is top class good news. In my maddest, most optimistic moments, I hoped they would both be in prison by now, still, while there is life...

[tilly99] 19/5/2017 12:06

Most certainly!He's a fighter and will not give up until he sees justice Good luck Barry

[blackss] 19/5/2017 11:52

Well we all wish him luck.

[tilly99] 19/5/2017 11:33

My mate Barry has a few tricks up his sleeve!! Daley is in for a very big shockSo don't write him off black SSFireworks on their way!!

[blackss] 19/5/2017 11:23

Its difficult to know what you really expect him to say ?
You are in this because you want to be and you obviously expect things to improve or you would sell up.
Daley is in this because he has the backing of the majority of shareholders and they want him where he is.

Really the arguments like the results remain unchanged year on year. Daley has set out his stall with another 5 year plan which i have no doubt has the backing of his shareholders.
We all know whats going on, the company makes little attempt to hide whats going on. The institutions tried to fight him, the private shareholders have tried to fight him.
Elektron is what it is. Like many AIM companies its what has become known on the AIM as a lifestyle company for the management.
You either sell up or accept it is what it is because nothing is going to change.
Sorry but these are the facts

[tilly99] 19/5/2017 10:45

Still no replyI suppose in his eyes he has only two shareholders to communicate withWhat a farcical mess this has become where the Bod don't promote the company and the chairman has no interest in attracting institutions or private investors On top of that the chairman hasn't the decency to reply via email to a major shareholderYou couldn't make it up!!

[tilly99] 18/5/2017 17:17

No pugYou will see this when the report and accounts are out shortly

[pugugly] 18/5/2017 17:09

Am I blind ? Cannot find anything material in the accounts about prospects either negative or positive for fy 2018 - nor anything on Directors remuneration - Is not the latter mandatory under accounting regulations of quoted companies ?

[tilly99] 18/5/2017 16:58

If I was the Bod I would make Daley non exec chair and spend the money employing a big hitter to make Checkit a success and give him a huge inventive package linked to the performance of CheckitSurely Daley is going to make much more money if Checkit is a success?Drop the loss of pride and done what's going to make you and other shareholders a lot of money..employ a top notch entrepreneur to take charge of Checkit and drive it forward

[nidgeyr] 18/5/2017 16:10

Mug punters?

[yoyoy] 18/5/2017 13:30

Why would anyone invest in EKT?

[yoyoy] 18/5/2017 13:18

or the operating expenses that have risen (YES, RISEN) by 10%

"Operating expenses (excluding non-recurring
or special items(1) ) (13.6) (12.3)"

I would love to have the time and the real interest to go through these numbers but fortunately I have neither

[blackss] 18/5/2017 13:07

Very good point yoyoy

[yoyoy] 18/5/2017 13:03

incredible how the discontinued operations made a profit and the continuing operations a loss

[tilly99] 18/5/2017 12:42

Rumour has it (please keep hush) that Daley is inundated with private investor calls and institutions todayPlease refrain from calling him as he's not paid 300k per annum to promote the company

[yoyoy] 18/5/2017 11:02

"As part of the Group's brand rationalisation strategy, it has also reviewed the sites from which it operates. The China office was closed during the year and the closure of its Torquay site was also announced. Post-year end the Group has also taken the decision to close its Singapore sales office and also to relocate all of its IT and finance teams from Stansted to Cambridge. The Group has made a restructuring charge of GBP0.8m in respect of its Torquay site closure, most of which will be spent in the first half of the new financial year. It is expected that savings from this site closure will offset the lost contribution resulting from the brand rationalisation and generate a net GBP0.3m improvement to underlying operating profits over a full year."

more exceptionals to come then?

Spare space at Cambridge?

[yoyoy] 18/5/2017 11:00

"Of note were fixed assets (including capitalised new product development) which showed reduction from GBP8.8m to GBP6.3m as a result of a reduction in capitalisation of new NPD."

does that imply that Wilson had to write off some of his NPD?

[blackss] 18/5/2017 10:51

I suppose while you have a cash cow like Bulgin and assets to sell then with creative accounting you hide even the worst incompetence. All the company has to do is pay its management and break even and buy and enlarge that's all it does.