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You know it’s bad when your broker won’t give you a qoute to sell your stock and would only give a qoute for 3000 shares
When’s the suspension due?
With PKF exit will the new auditors have the books done on time ? Will there be another suspension on the horizon ? Will they actually release any info that might show progress any time soon ? Getting a little fed up with the lack of info and the price being on its knees since the RTO
We are now halfway through Q2 and still no sign of full scale manufacturing from Durres or even a house having been built. I think Bluerill promised us walls in Q1. Cannot wait to see the latest financial figures.
Have they actually built a wall yet let alone a house? I think not. From recollection, this business model was built on fast scale up factories designed to build quick, easy and cheap houses in emerging markets. 12 months on from RTO they have 1 broken wall to show for it.
I think TT it is a case of damning them for not. They harper on about the EuR115m contracts in the Balkans but it is quite clear they are not delivering against them, so what is the point of banging on about them. As per your post in response to mine previously, that is fine because these investments incur delays. I Think Jo Jo is pointing north out that they have had a year to get their s#£t in a sock but still haven't. Will you be pumping in money at the next fundraise ro support these jokers further? Oh look, more good news from the market https://www.constructionenquirer.com/2024/05/09/modular-builder-tophat-managing-director-departs/
Jojo, in your 3rd May post you seemed to criticise ECOB for repeating the contract news. Now you are blaming management for no positive news flow. You damn them if they do and you damn if they don't. What are they supposed to do? Next month is the half year so an update would be welcome then - but it might not all be positive!
It’s almost been a year since the RTO and not one bit of positive news flow to move this stock off the bottom that is if this is the bottom shocking from management to allow this
PKF is a something of a disaster area. This week alone, around 8 companies had to suspend their shares because PKF failed to complete an audit on time, which some on this board pointed out at the time was the reason ECOB had to suspend its shares as well soon after it re-quoted upon the completion of the RTO. PKF's inability to properly staff their audits is now one of the worst kept secrets on AIM.
Ok, I read that they had resigned, but that term as used in auditing speak may have given a wrong impression
JPWH, I think you have misread the RNS. The company has chosen to change auditors (presumably because of well documented problems the auditors had with staffing leading to delays in the audits of numerous aim companies). It is a standard requirement for the outgoing auditors to confirm there are no issues with the company, as far as they are aware
Bloody hell, cant even keep an auditor now.
'PKF have confirmed that there are no circumstances connected with their resignation which they consider should be brought to the attention of the Company's members or creditors'.
Yeah right, what they mean is that they ain't going to do any work when there is a good chance they wont receive payment.
Love how every rns released they feel the need to state the 2 secured contracts and how much there worth but have we seen a penny from these yet ?
The high likelihood like many others now is they’ll say no value of AIM and they’ll delist, management buyout and disappear
Hi unvrkw,
I too am sitting on a large loss which is exactly why I'm averaging down. Todays rise shows that there is at least a little interest!
As for Fox it is presumably still going - bonus if it is I think. There possibly could be a bit of arbitration cash as well as another bonus. What with earthquakes, wars and floods ECOB could just be in the right place at the right time. Worth a punt I reckon.
My comment is in jest by the way truro!!! talking from experience I've lot's a cash in here too and sitting on a 97% loss which i have a strong feeling will never be recovered
Jesus Truro you stay well away from this you've been in this share for far too long and given it to much of your hard earned cash.
if you need a share i'll give you another one but let fox go and buy another.
I got here through Fox and have very little knowledge of the modular building market. But what little I've seen I think ECOB is one of the simpler systems to operate. I am heartened by the Chile certification which we seemed to pass with flying colours. This can only give confidence to prospective customers.
Might just raid the piggy bank for a small top-up.
Https://www.londonstockexchange.com/news-article/ECOB/official-certification-for-latin-american-markets/16428716
The 'start' accelerates a bit more. Chile is clearly being advanced in parallel to Albania so this certification is notable for that. The next update will hopefully turn back to Albania and deliveries into customers.
Tt - that rns was a guidepost. Albani is a serious individual for whom Eco shareholders can rely on to give 110% towards the series of goals clearly implied in the release. Let's hope his stepping up to this executive role is a hint of important milestones to come soon.
Yes bluerill, I also see todays RSN as a start. At least the guy has a definite incentive! The presence of Sir Mark Lyall, is for me, the singing canary and I don't see any real major problems. The recent fund raise from existing shareholders was also welcome. Not quite like Thames Water!!
I'll concede that nothing short of line-of-sight of first revenues linked to deliveries into the 2 big contracts in Albania and Kosovo and/or signing another big deal in another jurisdiction that the company keeps alluding to, is going to get the share price popping, but today's RNS can be read as a hint of more positive developments to come (soon). Albani has obviously been the key figure in securing and maintaining the company's key advantage (despite the sp performance) over its competitors: the massive dual contracts in the region and is likely close to signing more business, as this RNS implies. Agreeing to essentially come out of the background and take such a prominent executive role at the company - for me - indicates they're ready to move forward in a way we all want to see: delivery of product, first revenues, and then growing the business elsewhere through JVs and partnerships. And perhaps I am too ambitious in my reading of the RNS, but I am cautiously encouraged by quotes like, "As the Company's largest shareholder, I want to assure our long-supporting as well as potential investors, that my efforts will be keenly focused on creating shareholder value and improving the performance of our shares. Your trust and investment in our company are paramount and I am committed to working diligently towards our collective success." At least it comes close to a mea culpa for the appalling sp performance-to-date and a promise to do better going forward. Let's see.....
https://www.londonstockexchange.com/news-article/ECOB/board-change/16422181