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EKT Elektron Technology Plc

53.50
0.00 (0.00%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elektron Technology Plc LSE:EKT London Ordinary Share GB00B0C5RG72 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 53.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
53.00 54.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 53.50 GBX

Elektron Technology (EKT) Latest News

Real-Time news about Elektron Technology Plc (London Stock Exchange): 0 recent articles

Elektron Technology (EKT) Discussions and Chat

Elektron Technology Forums and Chat

Date Time Title Posts
10/10/201908:45EKT - Looking Good!1,519
04/5/201808:13The Elektron Thread211
27/3/201719:34Elektron Technology PLC1,117
21/3/201718:55Ekt fit for the bin14
04/3/201718:13Elektron +30% in last 7 days79

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Elektron Technology (EKT) Most Recent Trades

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Elektron Technology (EKT) Top Chat Posts

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Posted at 25/9/2019 14:20 by jombaston
If you buy EKT shares now @ 54.5p and sell 2/3 back in the tender you will be getting into Checkit @ 33.5p a share.

This is a mkt cap of £20m for a company with £14m cash.

Hat, you are forgetting EET which is expected to make a profit of £300k next year, if they don't sell it for £3m beforehand.

That leaves Checkit and Next,which was bought only a few months ago for £10m on a combined valuation of £3m!
Posted at 17/9/2019 15:46 by castleford tiger
My numbers suggest a share price based on approx. 60m shares and net cash of 15m of about 35p

To sell 40,000 shares today = £22.000

to sell 26666 at tender 65p = £17333 and therefore the 13344 shares left should be worth at least £22000 ( current price) - £17333 cash received so 4667 pounds

that's my calculation.
Posted at 09/8/2019 12:53 by blackss
rar100
A few points

1/ The buyer is Equistonepe.....ever heard of them ?

2/ Management plan to repay most of the net £95 million to shareholders, but retain some 'to drive the future growth of Chuckit'. Interesting that nowhere in the 15 page circular do they tell you just how much they will keep and how much they will give back to shareholders ?

3/ At a share price of currently 55p, the current market cap of EKT post-announcement is £105 million. This exactly matches the gross consideration, so we can conclude that the market values the remaining business and KD's prospects of making a go of it, at ZERO, even though EKT has just bought Next for £10 million and it was supposed to be profitable ?

4/ The top three have inexplicably awarded themselves £7m of shareholders money while transferring responsibility for this too the remuneration committee who they know will pass this regardless i would imagine.
Posted at 03/8/2019 18:12 by rar100
code12,

I read about the chap that was bankrupted and feel very sorry for him especially if he would be looking at 3 to 4 million if he had held his holding to now. Awful.
My holding cost about 4k in June last year at about 36p and so I'm happy with the investment - so far...

Well I have read the proposal document and presume the sensible thing to do is to sell a proportion of EKT shares via the tender offer which may be 65p as stated or whatever is the price at the time (hopefully not less than I paid).

My Interactive Investor platform states interims are on 19.09.19, but the document says the results are expected in October....

I guess that I'm going to have to check the EKT website in September to see what they say re: the tender offer etc.

It would be good to know views on Checkit - the product and the new proposed company and also if shareholders are intending to sell shares via the tender offer.
Posted at 01/8/2019 13:27 by rar100
My this board has got busy and pretty nasty sometimes...

I'm someone who doesn't know the history/background to the past of EKT and a fairly new investor via a tip from Investors Chronicle.

I would welcome views as to this latest development, I don't know if it's good or bad. I know Bulgin products and was one reason, probably the main reason why I invested and have read a little here from people not thinking too much of Checkit.

So I'm not sure what to do! I have made a small profit and notice the share price lower today (but today is a bad market day), should I sell?

I printed off the blurb but yet to digest it all, not at all sure what 'returning majority of net proceeds to shareholders by tender offer entails...

I look forward to comments and good luck all
Posted at 31/7/2019 09:39 by 3800
The Board currently expects the tender offer price to be 65p per Ordinary Share (which the Independent Board, having consulted with N+1 Singer, the Company's nominated adviser, considers to represent a fair valuation for the Group). However, as the share price of the Company at the time of making of the offer cannot currently be known, the Board reserves the right to alter this price if the share price of the Company following Completion does not perform as currently expected or, following consultation with Shareholders, a different price would be in the best interests of Shareholders as a whole.

Babbler

the Board reserves the right to alter this price if the share price of the Company following Completion does not perform as currently expected

This sentence extracted from the above paragraph in the RNS is probably why the share price isn't higher
Posted at 09/6/2019 16:50 by rar100
Results on Wednesday, I have been told they will be good and the markets may be better this week with US & Mexico ending the spat. maybe some extra cheer for EKT share price
Posted at 07/2/2019 12:21 by gtibruce
Nico
You would then have the choice of cashing in. What ever the final sale was, how do share holders get paid. Would the share price paid out be the same as in pence what was paid for the company. How is it all worked out? Or are shareholders informed well in advance before a sale takes place to decide on the share price they already hold?
Posted at 27/2/2018 19:29 by tilly99
Oh yes forgot it was today!!Another court case!! LolAnyone have a view on Ekt share price?Up with events or a free bet on Checkit and Henson eye ?
Posted at 28/1/2018 11:29 by tilly99
Kinder sold some Ruffer bought some Still think some mileage yet in EKT share price as the pound strengthening is a big positive
Elektron Technology share price data is direct from the London Stock Exchange

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