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Last post: Out4lunch, 30 Mar 2022 08:39
So refreshing to see leadership driving performance. Excellent cEO, very happy to be invested.
GLAlth
Started: Out4lunch, 9 Mar 2022 11:47
Last post: Out4lunch, 9 Mar 2022 11:47
Not a 'sexy' stock (apparently). But strong, consistent, revenue growth and profitability.
Turns me on anyway!
Started: storm, 4 Nov 2021 19:57
Last post: OWLS, 2 Dec 2021 17:59
I've invested here based on good positive momentum. It is well above the 200 day SMA.
I do like investing in "boring" companies with little activity on the forum.
It rather seems that this is a well-run business, and is going the right way.
Seems to me that there is very little not to like in today's RNS.
Started: Fallingknife1, 19 Apr 2021 12:42
Last post: Fallingknife1, 19 Apr 2021 12:42
Risks are to the upside for Electrocomponents (ECM) after the electronic parts distributor delivered a stronger than expected fourth quarter, says Liberum.
Analyst Sanjay Vidyarthi retained his ‘buy’ recommendation and increased the target price from £11.00 to £11.70 on the stock, which rose 18p, or 1.7%, to £10.99 on Friday.
The analyst increased his full year 2021 profit before tax forecast by 2.8% and 2022 earnings estimate by ‘a cautious 1.6%, with continuing freight costs and [foreign exchange] weighing, despite the expectation of strong sales momentum’.
‘We think the risks are to the upside as the year progresses, given the strengths of the digital model. We expect further synergistic acquisitions,’ said Vidyarthi.
My own TP is actually 1200p. Let's see.
Started: Chrisloram, 13 Apr 2021 09:16
Last post: Motbuck, 13 Apr 2021 13:51
Very close to the FTSE100 now..... is that likely to draw in more funds and drive the price up further???? Any views?
Difficult to see how the trading statement could be better given the circumstances..... I suspect they will come out of this much stronger as they have had the financial strength to deal with it at the expense of many of their competitors.
and in the next update the US upswing will improve the figures further!
The markets seem to like the latest trading statement, only recently took a position here, looking a good decision, good luck to all invested.
Started: HONEYSUCKLE, 11 Apr 2021 10:35
Last post: HONEYSUCKLE, 11 Apr 2021 10:35
On the way up very busy heading to £10.30/£10.50 onwards and upwards buy, buy,
Started: Fallingknife1, 18 Mar 2021 15:56
Last post: Fallingknife1, 18 Mar 2021 15:56
had a nibble at 120k worth of shares with her bloke. Fancy that! Looks like she enjoys getting her share.
Started: HONEYSUCKLE, 8 Mar 2021 20:15
Last post: HONEYSUCKLE, 8 Mar 2021 20:15
THIS SHARE SHOULD BE AT £10/£10.50 STOCK UP NOW AND MAKE A NICE PROFIT , VERY BUSY COMPANY WHO HAVE STAYED WORKING ALL THROUGH THE LOCKDOWN .
Started: Fallingknife1, 9 Feb 2021 11:30
Last post: Fallingknife1, 15 Feb 2021 11:46
BUMP. Burst through 1000p and deservedly so. The placing at 825p was excelent value and am only sorry I didn't have funds for more. Still a 20% return is no small change and I think there is more to come.
Certainly looking positive with the acquisitions coming on stream and potentially further acquisitions to come in the current climate. Companies that have the strength to maintain availability and service in these challenging times are likely to do well and come out of it much stronger.
on further consideration of yesterday's update. I think ECM will push over 1000p as revenue are strong. P/E of 25 on 2021 earnings but worth it in my view.
Started: Smartinvestment, 9 Feb 2021 09:57
Last post: Smartinvestment, 9 Feb 2021 09:57
LIBERUM RAISES ELECTROCOMPONENTS PRICE TARGET TO 1,050
Started: Fallingknife1, 8 Feb 2021 13:35
Last post: Fallingknife1, 8 Feb 2021 13:35
Many companies would have been hit by the revelation of higher costs which are likely to perist for some time. The rise in revenue which offsets this means the SP has held up. This should instil confidence to propel the share at least a little higher to the 1000 to 1100p range.
Started: Fallingknife1, 2 Feb 2021 12:48
Last post: Fallingknife1, 8 Feb 2021 09:13
Fairly good update. Mixed due to cost pressures but I think the company have performed admirably in the circumstances. The fundamentals are storng here.
BlackRock Income & Growth (BRIG) managers Adam Avigdori and David Goldman are backing electronic parts distributor Electrocomponents (ECM).
In final year results for the £39m investment trust, the duo reported they had added the company to their portfolio of UK income-producing equities in anticipation of it returning to the ‘dividend list’ after suspending its pay-out in June.
‘The business has a strong track record of taking market share in highly fragmented markets,’ said the pair.
‘It also has a strong balance sheet and underlying cash generation gives the potential for significant growth opportunities. Additionally, we believe its end markets are well positioned to recover post-Covid-19.’
Started: Fallingknife1, 4 Jan 2021 16:38
Last post: Motbuck, 12 Jan 2021 12:59
Seems to be steady at over £9, let's hope it has established a new base level with steady results through the crisis ....
and with the placing washed through hopefully than we have more to look forward to. I am cautious on the general market as almost everything in my PF has gone blue without being news driven but content with my investment here. Got a cushion to my entry price of 825p so can afford a drop which at around 850p would be a buying opportunity for me.
Started: Fallingknife1, 10 Dec 2020 11:05
Last post: JaAAScarborough, 11 Dec 2020 15:30
Yes I took part....after reading the details on RNS plus looking at there impressive website for the first time!
Thanks JA. Did you take part in the placing? Made my maiden purchase in it. Interesting Broker Targets out today of 940p and 950p with just JPM raising but neutral at 800p TP.
Sorry for delay...I saw the "countdown" clock on PB and it stopped at 11am-that is where I got the information from.
Fell to the placing price but bounced back. Good to see and perhaps with the placing settled we can move to 900p. Got my full application at 825p. Sweet!
JaAA where are you getting info that it closed? No RNS so far that I know of. I just tried subscribing again on PrImary Bid and I can apply. Looks like it is not closed, certainly to retail investors!
Started: Motbuck, 21 May 2019 13:36
Last post: Motbuck, 21 May 2019 13:36
Great set of results and ambitious investment plans for future growth, hoping the initial price response continues upwards :)
Started: Motbuck, 17 May 2019 17:27
Last post: Motbuck, 17 May 2019 17:27
I believe the announcement of the 2018/19 results is next Tuesday. Assuming a good story following the recent update we may see a welcome lift again after the recent slide in the share price?
Started: Motbuck, 4 Apr 2019 13:41
Last post: Motbuck, 4 Apr 2019 13:41
Looks like a promising update, though unusually no indication of expected revenue and profit result against city expectations.Could suggest a variance to city expectations either positive or negative? Response has been very positive so far suggesting the former.
Started: ConnorCampbell, 3 Apr 2019 14:08
Last post: ConnorCampbell, 3 Apr 2019 14:08
Will Electrocomponents short-circuit following Thursday’s trading update?
Though February’s update was solid it did mark a slowdown from the company’s first half performance. In both Q1 and Q2 Electrocomponents posted like-for-like growth of 10%; in comparison, for the 4 months to January 31st covered in its most recent statement, its comparable sales came in at 6%.
As for Thursday’s trading update, investors will want to hear that is set to deliver the 10% rise in full year revenue to £1.88 billion, and 16% surge in adjusted pre-tax profit to £210.2 million forecasts by analysts. If they are to do so, then a further like-for-like slowdown in the rest of H2 needs to have been avoided.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=389180
Started: Motbuck, 6 Feb 2019 08:31
Last post: Motbuck, 6 Feb 2019 08:31
Seems reasonably positive given current uncertainties. Seems to be outperforming the market. Interesting that Europe is relatively strong despite the B word.Initial positive response from the market, hope that leads to continuing share price recovery!
Started: Motbuck, 9 Jan 2019 08:45
Last post: Motbuck, 9 Jan 2019 08:45
Thanks Otherwys, just read that and very positive views from the two brokers. Still seems a strong reaction to two broker upgrades.I suppose that it is also part of recovering what appeared to be exaggerated drops in the share price over recent months. Let's hope for a return to £7.50 plus ..... :)
Started: Motbuck, 8 Jan 2019 13:08
Last post: Otherwys, 8 Jan 2019 16:30
Might want to check out the share news tab; a few broker upgrades landed this morning :)
Not sure what has led to sudden increase of almost 8%! Some good news on the horizon ?????
Very surprising response to extremely positive results! May be a little softening in some markets, but surely still a very positive outlook and would expect to be fully on track for record FY results. Be interesting to see how much it bounces back over the next couple of weeks. Maybe a buying opportunity....
Half year report out, looking forward to hearing the analyst presentation on the web site. No idea why the huge drop with these figures.
Not sure what has happened on ECM today!!!!
I switched from BDEV to TW this morning. Picked up an extra 1k shares on the switch from TW to Bdev and back. Makes me wonder if it might be worth permanently switching between the two on the run up to their big divi payouts
...... :)
Started: Motbuck, 4 Oct 2018 14:28
Last post: Motbuck, 4 Oct 2018 14:28
Hi Motbuck Very good results , looks like more acquisitions coming. I'm hoping for divi increase. I've gone from Bdev and decided to keep out of sterling stocks and been buying BP paying 8p+ every quarter as they earn in dollars
Hi Bamps,
Yes, looks like a very strong update with H1 profits around £100m compared to £78m for H1 last year with growth continuing around 10%. Also dropping out of BDEV this week, probably to move to TW. disappointing rise but made around 6% and will buy back into TW lower as well.
Started: Motbuck, 1 Oct 2018 13:42
Last post: Motbuck, 1 Oct 2018 13:42
Hi Motbuck Must be a good update today with the sp rising by 25p I sold out of Bdev last week it's been a disappointing rise to the x divi. ATB :))
I believe that the latest trading update is due on Thursday..... be interesting to see the trend indicated for the half year just completed. Hoping for continuing growth!
Last post: Motbuck, 22 Aug 2018 10:45
Great result for you...... I believe that there may be more to come as momentum appeared to be maintained from the first quarter update and a few rivals seem to be struggling..... ATB