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Thanks Bootsox, I missed that.
Noel,
Re dividend timetable, from the full year results:
"Post year end the Directors are recommending that a final dividend for the year ended 31 March 2022 of 0.67 pence per ordinary share be paid to the Shareholders whose names appear on the register at the close of business on 23 September 2022, with payment on 21 October 2022. The ex-dividend date will be 22 September 2022. This recommendation will be put to the Shareholders at the Annual General Meeting. Based on the shares in issue at the year end, this payment would amount to £2.0m."
That yellow square has gone now.
I think ECK has held up quite well compared to other stocks. I hope I haven't spoken too soon.
"PANIC: We’re Seeing Panic-Like Selling On A Scale Rarely Seen During The Past 40-60 Years"
https://kingworldnews.com/panic-were-seeing-panic-like-selling-on-a-scale-rarely-seen-during-the-past-40-60-years/
As this Swiss fund manager sais - "There is panic in markets and already some blood in the streets. But this is just the very beginning. Much more panic and blood to come.
...
Most investors are staying put and will ride the market down by 50% or more before they realise that this is serious. And at that point they will hope and pray since they will believe it is too late to get out.
Sadly no one will understand that it is really different this time and that most asset classes will fall by 90% or more in real terms."
https://kingworldnews.com/greyerz-is-the-world-entering-a-singularity-event-that-will-change-our-civilization-to-the-extent-that-it-will-become-unrecognizable/
As Bob Moriarty sais - "Very few people understand what is actually happening because it is so far outside their frame of reference. As to a market crash 90% of investment advisors have never seen a real crash. Boy are they in for a surprise."
http://www.321gold.com/editorials/moriarty/moriarty061422.html
Forgot to say - my guess would be XD, but I don't think the company has yet given a dividend timetable so the XD date isn't known.
I see that where the ECK pages show the price -
Share Price: Bid: Ask: Change:
at the end, on the right, there is a now a yellow square. Does anyone know what is signifies?
Thanks.
Note - "Increased final proposed Dividend at 0.67p per share (FY21: 0.61p), demonstrating increasing confidence in the ongoing growth opportunity". Confidence!
Very nice. The only way is up.
I think the ECK sp is holding up rather well in the face of today's market conditions. Current holders must have confidence to hold on.
We should soon know how things are going. Last year the results came out on 15th June. This year the Trading Update was a bit later than last year's, so will the results be a bit later than last year?, but if they are, I doubt that they would be more than a week later.
In addition to them saying performance will be ahead this will be further helped by the weakening pound and their growing US business. Assuming no downturn in business from the wider environment this share should do quite nicely. Time will tell of course.
Oh oh -
08-Jun-22 09:09:24 38.50 315,000 Sell* 38.00 41.00 121.28k O
Was that someone who was desperate to raise cash or someone who had lost confidence in ECK? I doubt that it was the latter.
That's confidence -
07-Jun-22 15:10:42 38.50 220,655 Buy* 37.00 39.00 84.95k O
...strange, none reported by LSEG but London South East reporting trades.
Must be a record, lunchtime and not a single reported trade
I bought and it appeared on here as "Sell". I suspect that most of the other trades were also buys.
A competitor seems to be struggling -
"Struggling payments start-up Bolt fires a THIRD of its 900 staff at San Francisco HQ just five months after it was lauded for moving to permanent four day week
...
Bolt, which manufactures payment software, announced the layoffs in an email ...
...
The payments company, launched in 2014, secured over $963 million in venture capital after a $355 million funding round in mid-January put the company’s valuation at $11 billion."
https://www.dailymail.co.uk/news/article-10859233/Struggling-payments-start-Bolt-fires-900-staff-San-Francisco-HQ.html
Been watching for quite a while and made my first buy this morning. Sounds like the business is about to take off and the valuation isn't unreasonable with cash in the bank and even a little dividend. Looks like a decent entry at this level. Would look to add on weakness if funds allow.
I see a few sellers have emerged. I hope there are more of them to drive the price down so I can buy more. A small drop takes these into bargain territory.
Good post cignal, thanks.
Numbers
Surely can only go one way from these levels ??
PCI-PAL PLC("PCI Pal", "the Company" or "the Group")Trading Update Continued successful execution against strategy leads to further earnings upgrade. Strong early progress on expanded product roadmap.
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, is pleased to announce that following continued strong performance since the half year, the Group anticipates that results for the full year to June 2022 will be better than current market expectations.
Trading Update
The first half of the financial year was another period of significant progress for the Group, and this momentum has continued into the third quarter. At the end of the quarter, all key metrics for the Group were again performing ahead of management's expectations. The Group's key indicator of future recurring revenues of TACV2 increased to £12.5 million as at 31 March 2022, following a further £1.1 million ACV1 added in Q3. ARR3 has now reached a key milestone of £10 million. As at 31 March 2022, cash had increased to £6.4 million (31 December 2021: £5.5 million).
The Group continues to cement its position as the leader in true-cloud solutions through strong channel relationships in its space. During the quarter, the Company signed a number of additional new strategic target partnerships, including:
· a marketplace partnership with the global CCaaS4 provider Five9, which is using a repeatable integration created with a newly signed and deployed enterprise sized customer in the U.S.
· a reseller agreement with a European Gartner magic quadrant CCaaS4 vendor that specialises in enterprise size contact centres, and
· a global reseller partnership with another one of the largest call centre Business Process Outsourcers6 in the world.
In the quarter, the Group has also renewed its existing long standing relationships with two of the largest government contact centres in the U.K., adding a further minimum two year term to each relationship.
With this strong expansion of existing customer accounts, combined with Churn rates of less than 3%, the Group has continued to deliver excellent Net Revenue Retention5 performance which now stands at 118% at the end of the quarter.
As a result of continued strong financial performance across the business, the Directors now anticipate that the results for the year to June 2022 will exceed their previous expectations.
Nice. Now about to jump over the 50p hurdle.