Elektron Technology Share Discussion Threads

[blackss] 22/5/2019 08:06

Well if Bulgin is worth 50p and that rises to 70p with checkit/next then go on and buy now at 43p.

You will not know what checkit is doing though, next will be used to muddy the waters for the pair, add in a few exceptionals for redundancies and relocation and it will be years before you get a true picture.
Here's an honest question for you. Has EKT that sold itself on " Expand through acquisition " ever made a success of an acquisition ?

[nico115] 22/5/2019 06:38

If Checkit/Nex can make say 2.5 a year and Bulgin sees no slowdown then I can see Ekt rising to 70pFor me it's all about whether Bulgin can weather the economic storm coming,with electric cars on the up maybe it will

[nico115] 22/5/2019 06:31

Yes we were 5p and it was an outstanding buy obviously as Bulgin will always be worth a lot more Not sure you can say we are overvalued just cos we went to 5pWe had 9m of debt!!If Bulgin can keep going or even produce the same results over the next couple of years then this is a good buy sub 40pFree bet on Nex and Checkit I'm sure Bulgin can always fetch 50p so not sure why you are so cautious blackss

[blackss] 21/5/2019 17:02

I have no interest in buying these small cap AIM listings anymore. there is no rhyme or reason to the share price in most of them, this was 5p, not much has changed ? Bulgin does ok,always did but 35p or even 50p ? the sums just dont add up for me.

[nico115] 21/5/2019 16:21

Agreed no dividend They're lucky Bulgin has hidden all the other failures Will they sell Bulgin ?With electric cars in demand will Bulgin weather the European recession ?What's your price target here ?Mine is 50p making this a buy at 35p,I'm not a buyer here

[blackss] 21/5/2019 15:40

Nico ......Oh ok if you insist.....

Most of their acquisitions made money when they bought them. Once they weed out the dead wood, relocate and get rid of the management that know what they are doing i am sure this will go the way of all the others. 3 years of exceptionals followed by " it doesnt fit in with our core business" and who knows.

Do I think this latest acquisition will enhance checkits potential ?

Well its difficult to see how it could harm it given they previously targeted the failing food industry knowing full well it was well catered for anyway in food monitoring and "failing in the high St" 3 years ago....
Can they buy a market for something that no one seems to want ? who knows.?
8 months ago they told you that Just eat was promoting checkit in 10,000 outlets, i wonder what % took it up ?
Bulgin is the core business but its hampered by this obsession with Checkit. Dont expect a div (remember them ? sacred was the word used) any time soon.

DYOR

[nico115] 21/5/2019 15:14

HahaBulgin still a great businessShame about all the acquisitions BlackssDo you think this latest acquisition will enhance checkits potential ?At least it makes money in its own right

[blackss] 21/5/2019 12:40

i was going to comment but decided i really dont care :-)

[nico115] 20/5/2019 16:20

Drifting nicely Will look again at the level i last biugjt at but with less balance sheet cash it's riskier now

[hatfullofsky] 16/5/2019 21:22

I agree Nico, it's on a tasty multiple. So if not already invested there maybe a pull back to take advantage of.

[nico115] 16/5/2019 16:29

Yes correct I don't see a major problem but with this mgmnt I would rather have the cashLook at the history here,look at the Hartest acquisition !!I'm a buyer at the right price but the risk reward for me isn't good enough Hope this is a quid for ya and if not I will be buying lower down

[hatfullofsky] 16/5/2019 15:35

The Group has taken the opportunity to put in a place a GBP3 million bank overdraft facility which combined with its existing invoice discount facilities of up to GBP3m will provide the Group with up to GBP6m of facilities for working capital purposes.So no liquidity issues

[nico115] 16/5/2019 13:45

What if there is a downturn in Bulgin which is what I'm expecting in second half of this year (management also very cautious )With no cash this is a dangerous situation. This acquisition has to work or they may even have to come to market for funds I would say this is now a far riskier stock to hold and I will stay on the sidelines I hope we get to 80p but the risk reward is not for me due to no cash on the balance sheet Every acquisition to date has been a disaster ,let's see if this one will be any different

[nico115] 15/5/2019 08:45

Fair enough I'm not rubbishing your investment ,you've done v wellI invested here years ago at 17p as I recognised the potential in Bulgin The management here have made acquisitions which have been disastrous Without them we would be 200p,apart from the FD I wouldn't be backing this management We have been promised great things from Checkit and it's disappointed I would rather have seen a cash buffer but each to their ownBulgin will begin to slow as I warned a few months ago ,Daley will be desperate to sell Bulgin as it is now peak earnings and it's a v cyclical business Good luck half full

[blackss] 15/5/2019 08:36

Oh god, poor old Next. EKT have never made a success of an acquisition yet. This looks like a way to prop up the stagnant Checkit project rather than add any value to Next.

[hatfullofsky] 15/5/2019 07:52

Been here quite a while Nico but always looking forward

[nico115] 15/5/2019 07:39

Hope it does for you Maybe you are a new holder here If so don't look back!! Lol

[hatfullofsky] 15/5/2019 07:35

nico - you seem to be talking your own book, you sold out at 45, well done but you should always re-evaluate when fundamentals change.

you say "V mixed RNS" rubbish

Rev +17% to £9M

Bulgin +20%
Checkit +49%

Expanding Checkit to non-food was a natural progression. Buying an already profitable business at a low multiple is great business. Expected profit of £1.5M means its immediately accretive.

Sure they could screw it up but for now the bulls have the momentum, would not at all be surprised to hit 50p over the next few weeks

[nico115] 15/5/2019 06:50

You post all equity development research so you obviously work for them Be v careful as they are paid by the company to produce research so it is obviously going to be biased I have no view here Ekt and want them to go substantially better as have friends who hold and the FD is a great guy This BOD have made disastrous acquisitions ,Hartest being one of them as they like to dismantle and it doesn't work .Lets see if they can make a success of this one.Checkit has been a disaster and is miles behind projected forecasts made a few years back.

[edmonda] 15/5/2019 06:40

Recent trading strong , with revs +17% Feb-April, and Next deal looks sensible step to scale-up, plus it is earnings enhancing with scope for future synergies.

Immediate analyst thoughts, upgraded forecasts and retained fair value of 83p / share in new equity development note : free access here :

[nico115] 15/5/2019 06:30

V mixed RNS No cash left Checkit no traction hence the acquisition No dividend EET continues to disappoint hence we're selling Positive is Bulgin figures v good but will be surprised if repeated as they state seeing a slowdown and figures out of Europe are recessionary Having sold out at 45p I will watch from the sidelines Track record on acquisitions has been disastrous so let's see if this one is different

[johnwise] 15/5/2019 06:19

15/05/2019 7:02am

RNS Number : 0336Z

Elektron Technology PLC Trading Update & Notice of Results



Elektron Technology PLC Acquisition

[mirabeau] 15/5/2019 06:18

That looks pretty decent and an acquisition thrown in for good measure (earnings accretive)

[rar100] 05/5/2019 19:31

harrygas

Someone wrote on this BB that it was this month, the 3rd, so when it didn't happen I phoned the Co., their website wasn't clear as to the date, I was informed it is Wed. 12th June

[harrygas] 05/5/2019 09:50

rar100
When are the results expected- is it this month or June?