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If my reading of the chart is correct, and I was quite right with that double bottom reversal that I told you about, then we are about to see a jump to 70p or higher. See the 2-yr chart for the steps up.
My son works in IT as a tester, IE his job it to try to break any of his companies computer systems/programs.
I have explained as best I can this companies technology (I am to IT what Pavarotti was to ballet dancing)and although he like most testers believes that no system can't be cracked, he agrees with the companies belief that it is the most secure system out there.
That is the main reason I invested in Eckoh.
No probs Rooky, having re-read your post, my post doesn't make much sense anyway (I was in an ECK winning new business mindset at the time of posting!).
Hi Bootsox,
My post was not a criticism of the lower % profit, although it could have looked that way.
Not my best day for wording posts.
Rooky "Not as much % improvement during the last financial year as the previous year"
Also caught my eye but, within the results, ECK go some way to explaining this by saying they had an exceptionally large contract win in 2019 (not necessarily a bad thing!) which has distorted YoY figures.
I missed the 171% profit surge added as an extra note just now. Will be interesting to see the reaction compared to some distinctly ridiculous rises in less stable companies recently
Fully Agree ooglefrugal,
Not as much % improvement during the last financial year as the previous year, but what some don't see is that the years % was on a higher figure than the previous years total.
No doubt as most contracts are as the company states, long term there will be many companies who are reluctant to sign such contracts until they have a better idea of where the Covid19 situation will leave them.
So in my opinion, I feel the next 6 months will be a steady as she goes, with the final 6 months picking up at a faster speed.
Also, although they have loans, they are at a small % of revenue, at low interest rates, plus a very healthy balance sheet, just the opposite of many companies in the current climate.
The sp should open higher and stay that way, but as we all know, the markets often move in contrary ways to actual evidence.
is here! I'd say Avery decent set of results too. No doubt the market will have other ideas, but I'll go further than that and say under the circumstances that on of the best set of results I've seen recently, even if it is only market expectations. I think they are sensibly cautious but double digit increases make very pleasing reading in a pretty diabolical climate.
I believe the last dividend was 0.61p. This time - 1p? 1.2p?
"catch a quick jump to 70p" - I wrote that without noticing that it had gone up to 64p.
I now hope to catch a quick rise to 75p.
Agreed Rooky. This company just shines as winner.
I'm kicking myself. On Monday morning, with this in mind as you say - a few new contract announcements - and a possible \ likely dividend soon, I said to myself, spend my bit of spare cash on more ECK, but I didn't, and look at the rise since then.
However, I still might spend my cash, as I still see 70p by the end of June and more to come after that.
When this was about 35p, I analysed the chart and saw the rise to 50p, so I bought in, and as much as I could afford. The chart still tells me there is much more upside, so even though I missed this recent rise of about 5p, I hope to catch a quick jump to 70p with an extra flutter.
Excellent bit of news.
I first bought into this company early 2017, topped up later that year, then again in 2018.
One of the very few AIM companies that does not zoom up and almost straight back down like a yoyo.
These latest awards must surely bring the company to notice of more and more companies and their customers who need the best way of securing none present card payments.
Watch out for a few new contract announcements made by end of year.
Razorman
Although not new news, it does stand to be repeated as it reminds us that this company is one of the few that is probably stronger now that pre pandemic.
As you rightly say, still under the radar.
https://www.eckoh.com/resources/news/item/eckoh-s-security-solution-callguard-wins-twice-at-the-card-not-present-awards-2021#:~:text=Eckoh%20wins%20won%20both%20the,Present%20space%20throughout%20the%20year
In the past six weeks Eckoh has sold and deployed CallGuard Remote to both existing and new clients in sectors spanning utilities, retail, insurance and financial services. By facilitating secure phone-based payments, CallGuard Remote is enabling these organisations to continue providing critical services to their customers. Furthermore, at the onset of the COVID-19 crisis, Eckoh made the decision to migrate its own contact centre to entirely remote locations, with all agents using CallGuard Remote.
In addition, Eckoh has also seen growing levels of interest for its patented ChatGuard, which assists in securing payments made over a live web chat. ChatGuard can be deployed into both Live Chat and Chatbot services, which can themselves be provided either directly by Eckoh or by a third-party provider. ChatGuard not only provides the optimum customer experience by taking payment within the customer’s channel of choice, but it also ensures that sales are maximised by converting them immediately.
Nik Philpot, CEO of Eckoh said; “We originally developed CallGuard Remote to meet the challenge of delivering robust payment security in remote locations, a need which has been growing steadily over recent years. However, the current crisis has driven an unprecedented and sudden move to remote working for contact centres and the demand for CallGuard Remote has risen significantly as a consequence.”
“In these challenging times businesses want to retain great customer service and keep commerce flowing, but they can’t compromise on security and controls have to be watertight. Deploying quickly shouldn't mean organisations need to take risks with security, so we’re really happy that we’ve been able to assist both new and existing clients in a short timeframe to continue to trade securely with a proven product, and one that we ourselves use.”
Since the board is very quiet, I hope you won't mind a bit of divergence.
I wondered if this is a video of Cummings going for a drive to test his eyesight -
https://videos.dailymail.co.uk/video/mol/2020/05/23/43084231103760028/1024x576_MP4_43084231103760028.mp4
I see this little dip as a buying opportunity. Based on chart analysis, I'll make a forecast of 70p by the end of June, provided there is no 'second wave' of the coronavirus.
Wrong board - this is ECK.
This is very good news today. Expectations exceeded.
$9.4m in extra orders for June/July; and expected H1 2020 revenue to be 16% higher than H1 2019.
"The Company announced on 27 April 2020 that it expected further orders worth over $3m for May and that it was in the process of doubling capacity at its Boerne, Texas site for the reagent used in the manufacture of the Primestore MTM device, in order to fulfil those orders and anticipated additional future orders. EKF now confirms that it has received further orders from Longhorn totalling $9.4m for the two months ending July.
...
EKF now expects to deliver Group revenues of at least £25m for the six months ended 30 June 2020 (H1 2019: £21.44m)"
Thanks Boots . Indeed we did. Still feels like its dragging a lead weight with it. Two buys for over 500000 shares yesterday and similar amounts the day before.
oogle, you got your (my!) wish this morning, some 62 pencers going through at last
2 enormous late reported trades from midday. Hard to fathom how this doesn't seriously rerate the stock. Doesn't even tip it over 60p.
From the same (London Stock Exchange) website, over the two days there were 91 trades. I don't believe, with the volumes involved, all of them could have been existing holders getting out or new investors getting in.
There must be some machine driven activity going on, with just a few parties trading backwards and forwards.
Any major change in holding would have driven a TR1 notification by now.
I took the stats from the London Stock Exchange website for ECK.
60.5p has been paid on a few trades today. Volumes were quite a bit lower in April than Feb and March. May looking quiet too at the moment. Could be better by the end of month. Main thing is the last update was very encouraging indeed.