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"why we aren’t prospering" - perhaps the company is doing well. I think there should be an update soon, then we'll know. As for the share price failing to rise - that is a mystery.
ECK offers products to support safer transactions including online. I’m confused, as a market leader, why we aren’t prospering during this time when companies are having to change their way of business while ensuring data safety etc. Any thoughts?
Last year in early April we got a trading update. I'm thinking of adding more in advance of the update, but this from last November's half year report makes me nervous - "The lockdown in November is not expected to impact volumes or revenue to the same extent as earlier in the year, unless it were to continue for significantly longer than has been indicated. "
Quite a good day for this share, in a generally bad day for the markets.
First bought this share in March 2017, and it's been a slow but steady ride up ever since.
In fact its been one of my rare shares that has only ever dipped below my buy in price of 38p.
Hi Magnum
Just a bit of information - if you ever want to know that sort of thing, see here -
https://www.investegate.co.uk/CompData.aspx?code=ECK&tab=announcements
Also, there is the "Live RNS" link on this site just above here.
Hi all,
Holder here, does anyone know when earnings are due?
Thanks
16-Feb-21 08:46:09 65.00 150,000 Buy* 63.00 65.00 97.50k
15-Feb-21 16:39:27 64.228 121,835 Buy* 63.00 65.00 78.25k
Looks like the company are determined to keep ahead of things, making their already very secure payment systems, even more secure and easier to use.
With card payments increasing year on year, especially over the last 12 months due to the virus situation, Echo are in a very good, high demand area, and as I think we all except, none cash transactions will become more and more a smaller percentage of all payments made.
Quite a few chunky sales gone through today as well. Unless these are trades agreed between two parties, I don't know how same are passing through without shifting the share price
20-Jan-21 16:27:51 64.9025 1,773,564 Buy* 63.00 65.00 1m
Canaccord Genuity own Hargeave Hale, which manage the Marlborough Small cap range (Giles Hargreave anyone?). They run the most AUMs in UK small caps and a force to be reckoned with.
It's all in the detail.
Good company with a good outlook . When I bought at 40p I thought then it was over valued but it rose. High pe on this one. Not expecting a rapid rise. Has on charts though an ascending channel with next target 80p
Regarding my 11 Dec post - it looks as though that was in error and I should have stuck to my earlier forecast - " I think 55p is on the cards, and possibly even 50p."
Re today's RNS, amazing how some obscure (to me) Canadian finance company think so highly of ECK they've increased their already substantial holding.
Why would any firm in Canada have even heard of a small British company like ECK, let alone piled a load of money into?
Canaccord's recent notifiable acquisition equates to circa 1m shares, quite an achievement against a background of fairly low liquidity without moving the share price.
I might have been wrong to expect a drop to under 60p. This now looks as though it might be at the start of a good rise.
..perkier today,
Surprising what a couple of friends and family buying in can do, or maybe just a return to positive sentiment after Tuesday's sell off?
Look back on here and you will see that I am a big fan of ECK. I still think the company has a bright future, but I have made good few profits this year from following the charts (including on ECK) and I won't buy at above 60p. I think 55p is on the cards, and possibly even 50p. There is a bottom somewhere, and then money to be made here as a long term investment.
Results as expected, and considering the 'Coral' taken out plus the covid situation, the company are looking strong.
With the large percentage of business coming from the USA plus the ever growing (now faster than ever) use of credit cards, world wide, especially by 'card holder not present', I feel that the company has a very good year ahead.
Been some funny trading going on today. At last count, 33 of today's 57 trades going through at 64.51.
Like some trade-bot crunching away in the background.
Otherwise, steady away RNS, typical for ECK
I agree.
Surprised at the drop.
Did not expect much of a rise, but I did expect the sp to be a tad up due to the update stating, 'trading as in line with board expectations'.
Its clear that Q1 has suffered, due to the current Covid situation, but even clearer that momentum returned in Q2, plus with a further £2 million in the bank over a full year, and little debt of £1.01 million things are looking good.
Hi Bootsox,
Agree re charting and many other indicators that apply too AIM stocks.
After investing for 30 plus years, mainly in small cap stocks, I have found that charts, graphs, projection modelling plus many other technical tools, count for very little in regard to calculating where the future is headed for such shares, as they can be struggling along the bottom for months/years when with 1 ground breaking RNS, the sp can multiply 10 fold, whereas you see with big cap companies such RNS's can result in just a nudge up of their sp.
Also with many more millions invested, the big cap companies shares tend to follow patterns, making technical markers more relevant.
Seen several small caps move over up 100% with just 1 RNS, never seen a big cap FTSE 100 move more than 10% up.
Monday 19th is the 33rd anniversary of the 1987 October stock market crash.