Elektron Technology Share Discussion Threads

[blackss] 04/3/2017 14:23

remember this is a company that pays a performance bonus for one part of a company that makes a small profit while another poart loses twice as much :-)

[blackss] 04/3/2017 14:17

Pug
What has moderating posts that trash a thread got to do with the value of the company ?

I cant put a value on the company. I can tell you that it has been unable to stand on its own feet for years. Successive dilutions/placings and asset stripping have kept its head above water. The accounts are so unspecific it's impossible to draw any conclusion from them.
Checkit we know consumes millions of £'s and returns nothing.
The company is cash rich simply because its selling off brands as fast as it can under the banner or streamlining. the very same brands it bought under the banner of expanding. All have been sold at a discount as far as i can see losing money.
The MKT cap continues to fall, the share price continues to fall, the profits have disappeared.
would a majority of holders take a low ball offer ? not a chance they have happily sat back and watched this decline for years and don't seem remotely bothered Increasing remuneration and bonuses year on year. IMHO EKT is a lifestyle stock, it keeps the board in a life style but has little or no history of returning any shareholder value. It seems to suit the large holder. Daley ,Kinder,Perloff and D&A to let this run its course for whatever reason and they hold the majority vote..

[pugugly] 04/3/2017 13:53

BlackSS:_
Before you start moderating posters please answer my post.
)
"PUGUGLY
3 Mar '17 - 19:56 - 907 of 928 0 0 Edit
BlackSS. Hence my post 902 above - If going down the drain a majority of shareholders might opt to take a low ball cash offer rather than seeing the asset backing of their shares frittered away to money heaven - I am assuming that most of the major holders and many of the larger PI's are locked in [no real market for their shares] (if the majority of the posters on this board are correct)"

The fact that you have not acknowledged nor attemped to put a value on the company at the present moment is interesting.

[corporal pesky] 04/3/2017 13:45

It would make my day if Daley and especially Wilson went to prison. How ironic would that be for a pair of up themselves total plonkers.

[blackss] 04/3/2017 13:25

No ST's post has gone too.
Lets just get a grip on this pl;ease, i have better things to do than sort out this thread on a Sat.

[patviera] 04/3/2017 13:24

Oh and Templars post is ok??!!No probs I will post elsewhere

[blackss] 04/3/2017 13:18

How childish to just trash my thread with repeat posts in order to move other peoples opinion off the screen.

[blackss] 04/3/2017 12:44

I tend to agree Elektron is not doomed but it will require massive restructuring to get it back on track and what's left will be a shadow of what it once was. For starters Checkit will have to be written off and with it will probably go the 40+ engineers and Cambridge. Basically it will all have to go back to how it was when Daley took over pre Hartest. Bulgin at the moment has to drag cart loads of baggage behind it in Checkit, overpaid board and exceptionals and unless it's free'd from that and allowed to grow again it will be dragged under.
The point spec is making is so what ? who cares anymore ?
Shareholders have had ample time to get out.
Staff have had ample time to get out.
Most managerial staff have been kicked out anyway.
No one here is married to this and i doubt many now could care less what happens to it or Daley or Wilson.
It's really become a none story or as Trump might say false news :-)

[simon templar qc] 04/3/2017 12:08

I wouldn't say EKT is doomed at this stage, the Bulgin operations have always been a good cash generator, its just an awful pity the profits they are generating are being wasted on bad management from the top.

The bottom line is I have already had an offer to replace Daley and reconstruct the board and in due course that is part of my plan.

The board are in a difficult position at the moment sooner or later there is going to be move.

The courts have already said a further contempt of court action can be taken readers just haven't seen the proof.

This whole matter is yet to be played out to its final conclusion.

The Judgement transcript has been received and been typed up as a priority the next stage is it being sent to the Vice Chancellor for approval.

The company know I want to pursue a criminal action, as there is evidence of intended market manipulation, which is a very serious offence and one which carries a prison sentence.

[spec7] 04/3/2017 11:29

What beeks is getting at here patviera is.........

Suppose Daley goes which he wont..on your own admission he does nothing anyway except draw a wage. the RNS issued now are all signed off by Wilson who runs the company and Daleys influence on the company would be the same via Wilson whether he was on the board or not.
Even if Daley left, this company is doomed now, so why hold out as a shareholder ?
The management have demonstrated with remarkable clarity that they can't run a business let alone build one, they can't even hang on to what they have.
the major part of investing is knowing when to buy and when to sell. You missed the boat with sell here, it’s never going to be 10p + again, the intangible assets are probably nearer 1p.
You won’t vote at meetings, you won’t help Barry financially in his action, when I tried to get this sorted 5 years ago, you wouldn’t even join sharesoc, which was free to join, after I arranged discussions with them and they showed a real interest in taking this on.
Fact of life mate, you either get on and make things happen or keep quiet, moaning 24/7 because a guy took a bonus that the board and remuneration committee sanctioned will get you nowhere.

[patviera] 04/3/2017 11:13

Don't buy then beeksMany other threads to frequentYou're obviously wasting your time here

[beeks of arabia] 04/3/2017 10:46

Lots more than you Pat.I've asked lots of very basic questions about peoples grievances and haven't yet had one coherent answer!I doubt Mr Daley is very worried.