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Stop losses were invented by market makers for market makers. A license to pilfer stock
Based on the fairly positive results, the drop seems bizarre.
Wonder if folk have placed orders to auto-sell at (say) -1p and this triggers a bit of a free fall, stopping out other folk at -2p, etc?
Once this is all thrashed through, maybe a recovery later in the day, meanwhile some will be nursing stop-losses/unintended ejection?
Cash generation ahead of expectations . And that’s worthy of an 8 percent SP drop! Singers have 80p PT unsurprisingly.
Some pretty decent trades recently 230 k @45p today, which it did hit on tu recently before going back to sleep. Certainly the investment looks like paying off handsomely when the market wakes up to it.
There you go . Another great RNS completely ignored by the market. Roll on a buyout
I hope the share price hasn't actually dropped by 50% on the last trades today.
And Greggs now. Are people putting 2 and 2 together and getting the wrong answer?
Cannicord dropped less than 1 percent 15 to 14. Big deal. Sp off 6 per cent! Sainsbury and Tesco better ask for their services
I see Ring Central is a 3.3 billion dollar company. This is a partnership rather than a contact. So basically they are saying ECK has access to all their clients. Could be very juicy!
Oogleflugal,
With the small number of trades daily, it shows the company is well below investors radar.
I am sure that if the company continues making progress as is it's current form, this will soon alter.
New contract with Ring Central to add to many other new contracts. Doesn’t say the actual size, but must be pretty decent. I suppose the market will eventually acknowledge the turn around here.
Very disappointing interview on Vox markets between Artemis and Paul Hill. Really would expect a higher level of understanding about a company they are discussing net alone one they are actually invested in. It’s not just about call centres it’s about secure payments for some pretty impressive companies globally. Have a look at the client list !!
The trades in this stock never make any sense. Record revenue and two months to add to it. The sp his half the price it was when revenue was possibly 20 million less! If it dips below 40p I’ll be there waiting
What a cracker of a RNS.
The company is going from strength to strength.
Eck often seems to be the subject of mysterious big late reported trades ending the day with various different closing prices. The consensus seems to be 41.80p price will out in the end!
Don’t know if people have seen the Eckoh Call Guard demo but highly recommend if invested. They claim to have more Fortune Five Hundred clients than their combined competitors. This is set to grow for very good reasons as explained in the Stella Asset Management interview with Paul Hill on Vox markets.
Oogleflugal, The lack of a RNS was what prompted my question.
Been a long journey, but I feel very positive regarding Eckoh.
It maybe that the Syntec acquisition is finally paying its way. Brief mention in Stella Asset Management interview with Paul Hill on Vox Market last week. It could be that the Screwfix contract is an updated secure payment version, in which case it is a new contract theoretically. Not sure why it’s not worthy of an RNS. It seems the focus of the business is now firmly addressing the USA market which will be 90 percent of their business . Quite a seismic shift, and clearly a massive scale up. Stellar Asset say we should see a big step up from April. Look forward to it.
Is this a new contract, or renewal.
Reason I ask is that the first contract with Screwfix was in 2015 for 3 years , and presumably renewed in 2018, again in 2021 so is this another 3 year renewed contract.
This is not a moan at Eckoh, (a contract is a contract) but clarification would be could, as I can't much info between the 2015 and this years announcement.
Finally! I cannot understand this share price. Hey Ho!
Https://totaltele.com/eckoh-secures-screwfix-contact-centre-payments/
The (admittedly small) dividend of 0.74p was paid 20/10/23
The five year share price is negative. No dividends and never seen near previous highs of +60 & just look at the ridiculous P.E. The bod talk a great game, but where is the reward outside of their P&L & B.S. Very tired & very frustrated S.H. All in all, shameful.
Not sure how the board can view as ‘meeting expectations’. Must have been lowered during the year. Bit expensive for a n ex growth company and serial underperformer