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The Blackrock buy is very significant
I am in Monday
From 5.05% to 9.35%, a very unusual holding increase of almost double, with no sign of any awaited RNS.
Something they know and we don't.
Now that the Double Bottom Reversal that I spotted has played out, I am clueless about the chart, but with the success in the US mind, I feel sure that the direction will be upwards.
I hope the decent people on here will forgive me now blowing off a bit of steam, but on another board I was the victim of lies and false accusations, and when I posted a robust defence to dispel the lies, the sh itbags who posted the lies went crying like babies and snitches to LSE and LSE suspended my account and let the lies about me remain.
The administrators of this site support lies and false accusations and facilitate injustice.
Eckoh today purchased 248,824 Ordinary Shares in the capital of the Company to hold for the shares incentive plan, at 60.39p.
Nice to see a company purchasing the shares, instead of the usual issuing more.
Also good to see the purchase price at little or no discount.
Great find Cigna12345,
I would have thought worthy of a RNS.
Not moaning though, as such a prestigious award must pay dividends in publicity meaning further contracts.
Well done Eckoh.
https://contact-centres.com/eckoh-wins-anti-fraud-solution-of-the-year-2019/
How high will it go? Does anyone on here understand the double Bottom Reversal?
Who said " More gains to come"?
I did, and the sp has just made another jump up. Sometimes you just know.
Nice rise - looking good. More gains to come.
Is the double bottom reversal back in play?
Looking good.
Note - "double-digit revenue growth", "continues to perform strongly", "an impressive result", "excellent momentum".
Very nice reading.
https://www.investegate.co.uk/eckoh-plc--eck-/rns/half-year-trading-update/201910290700023794R/
I very much doubt that it can be worse than anywhere else.
The gripes that you have noted are found in the vast majority of companies. There's nothing unusual there. I'm retired now, but for about half of my working life I had boring jobs with unchallenging work and few promotion opportunities. If any of the workers aren't happy, then they are free to.either accept it or leave and look for a job elsewhere. That's what I did.
The company is doing very well in winning new business. Let's hope for new contract wins soon and a rising sp.
I still read some of the reviews on Glassdoor about Eckoh from people who have worked there (or still do). They are mixed in aggregate (although more negative than for many similar sized companies) but there are a few consistent negative themes.
Mainly a long the lines of a poor working environment, unchallenging work, few promotion opportunities and a domineering management (including CEO). How concerned would anyone here be if it did emerge that there is something of a toxic culture at the firm?
THE REMAINING IC ARTICLE...POSTED BELOW
The US business is smaller than the UK, but is growing fast. Here, Eckoh focuses on three areas where it faces the least competition: secure payments, support and Coral – its contact centre agent desktop product. New secure payments business climbed by nearly half to $13.7m (£10.9m) – Eckoh’s strongest period since entering the country in 2015.
ECKOH (ECK)
ORD PRICE: 48.0p MARKET VALUE: £121m
TOUCH: 48-48.1p 12-MONTH HIGH: 49.0p LOW: 32.5p
FORWARD DIVIDEND YIELD: 1.5% FORWARD PE RATIO: 25
NET ASSET VALUE: 6.8p* NET CASH: £8.3m
Year to 31 Mar Turnover (£m) Pre-tax profit (£m)** Earnings per share (p)** Dividend per share (p)
2018 27.2 3.8 1.2 0.54
2019 28.7 3.0 0.9 0.66
2020** 33.5 4.6 1.4 0.73
2021** 37.5 6.1 1.9 0.73
% change +12 +33 +36
Normal market size: 10,000
Beta: 0.18
*Includes intangible assets of £7.5m, or 2.95p a share
**Panmure Gordon forecasts, adjusted EPS and PTP figures
IC View
The shares recently hit a 52-week high, after Eckoh announced a three-year, $3.8m contract win for Coral with a Fortune 100 company. The news was particularly welcome given historically slow growth from the product. True, the pressure is on for the group to execute on its stateside opportunity. Still, given the growth prospects and regulatory tailwind, a price of 25 times forecast earnings looks good to us. Speculative buy.
Last IC view: Buy, 45p, 12 Jun 2019
Thanks cigna12345.
I think your message got cut short by limit on the number of characters we can post.
Thanks cigna12345.
I think your message got cut short by limit on the number of characters we can post.
IC Tip: Buy at 48p
Tip style
SPECULATIVE
Risk rating
HIGH
Timescale
MEDIUM TERM
Bull points
Increasing global focus on regulation and privacy
Contact centre market opportunity
Strong recurring revenues
Good cash generation
Bear points
Growth in profits dampened by investment
Pressure to execute on US opportunity
By Harriet Clarfelt
These days, it’s easy to pay for things remotely – via our phones, tablets and other media. But, given intensifying regulation, organisations are under growing pressure (mega-fines for BA and Marriott provide recent examples) to make sure customer transactions are secure. According to trade association UK Finance, card-not-present fraud losses on UK-issued cards rose 24 per cent to £506m in 2018.
ECK:LSE
Eckoh PLC
1mth
Today change
0.00% Price (GBP)
49.50
Enter Eckoh (ECK), which spans two complementary areas: secure payment products and customer contact services. Its patented payment products, including CallGuard, remove payment data from contact centres and IT environments. This helps clients to reduce the risk of fraud, secure sensitive data and comply with statutes including the Payments Card Industry Data Security Standards. Customer contact services enable enquiries and transactions to be implemented via any device, which improves efficiency for Eckoh’s clients.
The contact centre industry is vast, accounting for 4 per cent of the workforce in both the UK and the US (Eckoh’s key regions). Eckoh covers just over 3 per cent of its UK addressable market, and less than 1 per cent of its US market. Moreover, its products face limited competition. Judging by the results for the year to March 2019, it is already capitalising on the opportunity at hand. New business contracted soared by 47 per cent to £22.6m last year, while total business contracted including renewals rose 62 per cent to £32.7m.
True, Eckoh’s income statement was knocked by new revenue-recognition rules. These rules reduced reported sales, particularly for the newer US business where more fees are charged upfront. A 16 per cent fall in adjusted cash profits to £4.3m also reflected a planned rise in headcount, and investment in sales, marketing and IT. But the rules also helped to lift recurring revenues, which came in at 83 per cent of sales, and also boosted Eckoh's reported deferred revenues (advanced payments), which were up 44 per cent last year to £14.6m. This helped the group report visibility of more than 90 per cent of UK sales.
Eckoh sells its full product portfolio in the UK, most of which is delivered through its hosted platform. Here, new business rose 69 per cent to £10.1m. Sales rose 5.2 per cent to £19.4m; a small but encouraging uptick, after the 2 per cent decline seen in 2018. Action taken, including a sales team rejig, appears to have paid off.
The US business is smaller than the UK, but is growing fast. Here, Eckoh focuses on three areas where it faces the least competition: se
IC View
The shares recently hit a 52-week high, after Eckoh announced a three-year, $3.8m contract win for Coral with a Fortune 100 company. The news was particularly welcome given historically slow growth from the product. True, the pressure is on for the group to execute on its stateside opportunity. Still, given the growth prospects and regulatory tailwind, a price of 25 times forecast earnings looks good to us. Speculative buy.
Last IC view: Buy, 45p, 12 Jun 2019
https://www.investorschronicle.co.uk/tips-ideas/2019/07/11/eckoh-capitalising-on-us-opportunity/
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To my eyes, that double bottom reversal is still in play, and 53p will be taken out fairly soon.
Please see the two-year chart
And those 3 trades were at the top price, always a good sign.
I see that a bit later yesterday, someone bought a million shares for £490K.
I feel a jump in the share price coming along.
Today 9th July 1.1 million ECK shares bought, in two parcels of 550K - approx £540,000 in total.
RNS announcement from Eckoh Technologies, ECK -
"Eckoh plc (AIM:ECK), the global provider of secure payment products and customer contact solutions, today announces that it received notification that on 4 July 2019 Christopher Humphrey, Non-Executive Chairman of Eckoh, purchased a total of 100,000 ordinary shares of 0.25p ("Ordinary Shares") through his ISA at a price of 47.375 pence per Ordinary Share.
Following this purchase, Christopher is beneficially interested in 500,000 Ordinary Shares, representing approximately 0.197 per cent. of the issued share capital of the Company.
..."
All trades today appear to be sells, although there are only 6 in total.