Elektron Technology Share Discussion Threads

[yoyoy] 22/9/2016 10:43

tattoo removal is the future

[roddiemac2] 22/9/2016 09:21

Tatoo parlours look to be fashionable.

[blackss] 22/9/2016 09:07

What are you saying roddie ? should he open something simpler like a piano shop ?

[roddiemac2] 22/9/2016 08:43

That is what you get when an ego tripping banker with no people skills and little industrial experience gets ideas beyond his capabilities.

[yoyoy] 22/9/2016 08:38

Carnation is non-core and to be sold.

What is left of the Hartest acquisition?

[blackss] 22/9/2016 08:37

What an absolute shambles. Now at the 11th hour they decide to invest in their core products by selling off half the company. I thought the strategy was "growth by acquisition", anyone remember that ? We will be a ftse 250 company guys, truth is there is and never has been no strategy, it's been make it up as you go along and this next planned sell off has been forced on them to keep afloat.
Its death from 1000 cuts
Patviera, for god's sake man stop putting cash into this hole.

How can you champion a return to cash positive by selling off an asset? give yourself a huge bonus from the cash then say we need cash to invest in the fledgling parts of the company so we will sell off more ? Of course the successful sell off will be rewarded with another huge bonus. I disagree with spec, I don't think this is being converted to cash to be wound down, i think it's just endless incompetence and blind faith in Checkit. I think the company will survive in the short/medium term but at the expense of the share price which must be heading for fractional penny status with further dilution. Eventually they will run out of things to sell. What then ?

[spec7] 22/9/2016 08:03

He's turning the company into cash and creaming it off. Brilliant, he will end up very much richer. The good part in all this is as parts are sold off the jobs in those parts become safer, not safe but safer than the inevitable going bust here.

[patviera] 22/9/2016 08:00

Daley has bet the ranch on Checkit yet we haven't won a contract in 18 months..does he really think interest shown is a factor??!!! Doesn't cost to show an interest ..how many prospective clients have signed on dotted line??!!No wonder KD hasn't resigned after dismal performance ..cos he gets paid 350k per annum when a chairman isn't needed in a company of our size!!

[spec7] 22/9/2016 07:56

As i said only 3 weeks ago, the only thing keeping this afloat now is placings and sell offs, watch the losers screw this for every penny they can before its wound up.

[patviera] 22/9/2016 07:54

When I invested 15 years ago Elektron had no debt,making substantial profits and paying decent dividends15 years later most of company sold off,no dividends,two large placings so we have 80m more shares in issue,no dividends,increased boardroom pay,15 directors sacked,large bonuses for daley,rescue rights,disastrous move out of China costing 5m,horrific acquisition of hartest and no orders for Checkit after 3m pounds investmentOh dearBets on size of Daleys bonus this year??!!!

[patviera] 22/9/2016 07:40

Predicted Statement 2018 final results" we have managed to increase our net cash position to 1m after selling off 4 major parts of the company(inc carnation) however having ploughed all the proceeds into Checkit which has made no sales we are left with just Bulgin which 15 years ago was making 5m ebitda.We have managed to leave shareholders with nothing whilst I have managed increased bonuses and yearly remuneration of 350k" KDNothing changes!! Loads of promises of good results in the medium term,as always,but we've been waiting 15 years which to me is very long term and profits have crashed 95 pct in that period.

[graham1ty] 22/9/2016 07:27

Checkit sales of £0.1m...........so they are flying off the shelves.

[graham1ty] 22/9/2016 07:26

Four more businesses up for sale, Carnation, Titman, Digitron, Wallace. The statement says they are proud to be back to net cash, after the sale of Agar. Well, it is easy to get back to cash if you are just selling subsidiaries

[graham1ty] 22/9/2016 07:23

Losses of £1.8m from Chekit in the first half. Continuing losses. No surprises then !

[spec7] 21/9/2016 15:38

Ha ha..yes that should have been a huge wake up call Roddie. One look at Daleys twitter account shows what he places importance on as well and very much reflects in his milking of the company here.
Lets stop beating about the bush...

This company is and always has been , run for the benefit of Daley and Wilson. Its been a plaything and a money tree which has actually lasted longer than even they (i suspect) expected it too. Now it seems to be a case of milk it for all you can before it goes bust. The clever part so far is they seem to have found a way of it surviving and paying them a small fortune while sales drop, turnover drop, Mk Cap drops and profits collapse. Can only be a matter of time now.

[roddiemac2] 21/9/2016 15:06

On a lighter note , pat, when you and I visited the company last, the boy Wilson at one point told us of how they had all gone for a ride in Perloff`s Bentley ; it seemed unduly important to him. Little things tell you a lot about people . I wanted to vomit at the time.

[roddiemac2] 21/9/2016 14:59

With respect Pat, You had the chance to call an EGM years ago, but chose not to. It is hardly effective to complain here. Take BlackSS`s advice and vote against what you believe to be unfair.

The art of living is knowing what is possible in any situation, then committing accordingly.

[patviera] 21/9/2016 13:53

He's laughing as he used me to raise the money when needed and now sticks two fingers up at me as doesn't need meHe only cares about his remuneration and ekt survival so that in 10 years time he will have earnt 8m gbp from our company at our expense

[patviera] 21/9/2016 13:51

Does it matter if he laughs?He has CONTROLHe has never cared about other shareholders as long as he has perloff and kinder onside plus his LTIP shares he remains ruler and dictator

[blackss] 21/9/2016 13:43

You have two choices as a major investor pat. You either make your voice heard or you sit back and let them get on with it. You simply cant retain any credibility buying on a Monday, not bothering to vote on a Tuesday and slagging off management on a wednesday then buying more on Thursday. I would imagine daley only stops laughing long enough for another sip of champagne when he reads your posts here.

Sorry to be a bit blunt but that's the truth of the matter.

[patviera] 21/9/2016 13:05

And if I vote VS resolutions makes no odds as they have majority still

[blackss] 21/9/2016 12:39

Its quite simple pat, the non execs don't have to justify anything, what they do they do with the full support of the shareholders unless as CT says objections are lodged at the AGM.... and they never are. The AGM is your soap box but if you do not choose to use it then you give the green light to Kd to do as he pleases.