Elektron Technology Share Discussion Threads

[tilly99] 16/2/2018 15:27

Debt was 9m and now cash is 6mMaybe that's a reason we aren't 5p any more?Bulgin forecast to make 7m not 3m!And mgmnt are promoting the company something they didn't do when we were 5p!!2 institutional buyers also helps!!Maybe we shouldn't have been 5p? I think that's more like it!!

[tilly99] 16/2/2018 14:23

No I'm just saying there is a conflict of interest that's all Both daley and wilson have done very well indeed when really all the credit should go to Andy weatherstone EggWhy should daley and wilson make Millions at sholders expense when all they have done is get us back to square one?Also where are all the posters that said we would fall at 5p cos out nav was 2p?Noone gets it ..Bulgin is worth 25p all day long..the rest could be worth something so it's a free punt here

[simon templar qc] 16/2/2018 14:13

Tilly don't get yourself too worked up with bonuses schemes, on any company if there has been any wrongdoing bonus schemes can be made unlawful and any payments made clawed back.

The Carrilon bonuses the directors expected were cancelled by administrators.

[eg2mrb] 16/2/2018 14:10

lol - so you would have kept it then?

Looks as though Wilson is the real winner. He had no shares and now has 2.5m worth £600k. Still I’m happy with my £100k profit.

Hot lemon with honey did the job for me.

[tilly99] 16/2/2018 13:59

Thx had for 3 weeks how do I get rid? Inhaler seems to be working but gives me headaches

[tilly99] 16/2/2018 13:58

Cos when you have an LTIP in place that rewards directors for easing cash the decision to sell isn't based in what's necessarily best for shareholders!!

[tilly99] 16/2/2018 13:57

Agreed Simon Egg has the wrong numbers He forgets we nearly went bust relocating a lot of hartests subsidiaries There's only two winners here and it ain't u and me ..it's daley and wilson They have for ekt back to where were were 15 years ago yet are rewarded with millions of pounds ..doesn't seem v fair but it's true

[simon templar qc] 16/2/2018 13:54

Tilly,

The amount of money lost on Hartest taking account of purchase, reorganisation, capital spend, redundancies beggars belief.

One of the guys who posted on EKT prepared a report and posted it on the TMF site which I still have and is in court documents needs updating.

I cannot remember exactly what he stated the company had wasted but it was over £20 million from memory.

On the litigation front there is to be a further hearing in the next two weeks.

[tilly99] 16/2/2018 13:36

EggheadI'm definitely nutty!Got a virus today so not feeling greatI think we paid more than 6m as wh already had a stake in hartestWe lost money on hartest as we got massively dilutedDo Ure numbers again egghead!!

[tilly99] 16/2/2018 13:11

We take over hartest for 30m? Can't remember the number and dismantle it for 5mProblem shareholders have got is directors put in an LTIP whereby any monies over 5m on balance sheet goes to directors so faces with keeping a subsidiary with good growth prospects or selling it for 1m the directors have a vested interest to sell it It's blatantly a case of directors interests not aligned with shareholders I'm sure mr Templar will have this under control in addition to all of the shares daley bought at 5p when there were no sellers there!! He bought the shares from the Jsop so shareholders lost millions of pounds while Daley has now made millions Daley has played a blinder ..checkmate to mr daley!!

[simon templar qc] 16/2/2018 12:02

So over the years how much has it cost the company for all its acquisitions? A rough calculation was in the TMF report a while back and probably well in excess of £20 million, possibly over £30 million if one takes account of losses since the TMF report.

[spec7] 16/2/2018 11:49

Well they seem to have got rid of everything that broke even or made a profit apart from Bulgin just to swell the bank account to fund the biggest loss maker in the history of the group. Still the cash balance will look good on the LTIP :-)

[simon templar qc] 11/2/2018 20:59

rod,

You and I know the Bulgin brand meant something, the change of name the change of change of strategy been a complete waste of time and money.

[roddiemac2] 11/2/2018 20:22

Well put Spec; you gave me a laugh.
It was arrogance and stupidity which caused them to change from Bulgin to Electron in the first place: a pointless waste of time and money.

[spec7] 11/2/2018 10:30

Given the value here is Bulgin how long before this shower go full circle and call the company Bulgin ..........again?
Elektron has no value as a brand name. I would think the further they can distance the Bulgin Brand from Elektron the better it will do.

[tilly99] 11/2/2018 10:07

I don't disagree with anything you say although NAV is irrelevant to me I just value this at how much Bulgin is worth as they can close Checkit down at any point and if Bulgin makes 6m on average over 5 years let's say it's worth 50mThey may make a success of Checkit or the eye product who knows With 5m cash I don't see much downside and the institutions and d and a have called this v right and dien v wellSuch a shame that we didn't have decent management who didn't squander 35m on bad acquisitions redundancies and poor closures ..we would be over 100p as Bulgin was why we all invested here in the first place

[spec7] 11/2/2018 02:06

Tilly
Last year ADVFN put net tangible assets at 4p, to day the Price-to-Net Tangible Asset Value PS is 5.54
A 1.5p rise PS or 34% sees the share price go up from 5p to 23p, a 360% rise ? driven by maybe 2 large holders. I have not worked out quite what the game is here but doesnt it strike you as odd ? Personally i am not surprised at the lack of broker note.
As far as i can see Chuckit shows a 66% increase in sales, but only from £300k to £500k and last year lost £3.5m on those £300k sales.
As i said the other day, anyone care to hazard a guess how much they have spent on Board wages, Chuckit and cost cutting over the last 5 years in order halve turnover and profits ? and will we see boardroom pay cut to reflect this ?

[tilly99] 10/2/2018 23:42

I've voted your post up spec

[spec7] 10/2/2018 22:15

Tilly
Only premium blue members can vote down. I did not and cannot vote you down. I actually wish you loads of luck and am glad to see you can now exit with a profit.

[simon templar qc] 10/2/2018 13:06

Tilly have you requested a broker note?

You are right it is incumbent on a listed stock to produce a broker note and they should have done so after the fundraise.

These are matters which you need to address further and it is also a matter which I cannot discuss at the moment myself due to ongoing litigation.