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zine - good morning - what issues does your friend refer to ...overspending, wastage ? Why did your friend leave ? regards MW
Elektron Technology Buy 13-Sep-12 £42,500.00 Keith Anthony Daley 250,000 @ 17.00p
Surveillance systems firm Petards took a knock after it said some new contracts would not contribute as much to 2012 revenues it had hoped. The firm also said other contracts it had been expecting to receive in the third quarter now seemed likely to be delayed into 2013. As a result the firm expects revenues in the second half year to be slightly ahead of those for the first half year and the operating performance to be similar to that achieved in 2011. Revenues dropped from £5.2m to £4.7m in the six months to the end of June. However, gross margin were up slightly to 41.3% and profit before tax jumped to £22,000, from £5,000 the previous year. Basic
I have a friend who works at one of their sites and is leaving soon. he gave me a history of the company and how it was being run. I hope anybody invested makes money but i certainly wont be putting any money on this one.
Outlook As always we have limited visibility of a few weeks of sales. Beyond that, we anticipate that weak levels of demand may continue into the rest of the financial year. However we are confident that the strategy of geographic expansion, NPD and streamlining is the correct one to drive the Group's longer term success.
John Wilson, Chief Executive of Elektron, commented, "The challenging backdrop of economic uncertainty and deferred spending has continued from the second half of last year. However we are pleased that our results remain in line with those of H2 last year. "The efforts that we have taken to mitigate the impact of these headwinds are paying off and our strategy of improving efficiency and streamlining our structure is on course. "We continue to invest in our new product development capabilities, with new product launches ensuring that we continue our transition away from reliance on legacy products, extending our existing product ranges and expanding the addressable market for our products."
Half year results for the six months ended 31 July 2012 Elektron Technology plc (AIM: EKT, "Elektron" or the "Group"), the developer of fast moving engineered products with market leading positions in connectivity, instrumentation and monitoring and control, has published its half year results for the six months ended 31 July 2012 (H1 2013). Highlights - Revenue: £29.9m (2012 H1: £34.4m, H2: £29.9m) - Operating profit*: £1.6m (2012 H1: £3.5m, H2: £1.5m) - Non-recurring and special items: £0.7 million, mostly relating to further streamlining of the business - Adjusted earnings per share*: 1.02p (2012 H1: 2.38p, H2: 0.95p) - Good cash generation. Net cash inflow from operating activities: £1.7m, up 13% on 2012 H1 - Returned £1.1m cash to shareholders, up 37% on the whole of the previous financial year, via payment in August of final dividend for 2012 and purchase of 2.4 million shares. No interim dividend declared - Bulgin and Queensgate new products launched. NPD pipeline and processes continue to strengthen
http://www.investegate.co.uk/Article.aspx?id=201209130700051424M
Last year I inadvertently bought another 60000 instead of selling. I'm begining to think now that ,unintentionally I may have done the right thing. The electronics market seems to be holding up well and Tunisia seems quiet so with luck I'll see a profit!
Elektron is putting in place measures to mitigate the impact of the economic cycle and continues to make good progress in its programme of organisational transformation." The update proved unpopular with investors, sending the share price down 4.93% to 16.88p.
Global technology firm Elektron Technology has said that it currenctly expects to meet market expectations for the full year following good sales in the first four months of 2012 which were broadly in line with the second half of the prior year on a pro-rata basis. This was despite the impact of the Eurozone crisis on the UK, Europe, Middle East and Africa, which make up two-thirds of group revenue. However, the firm warned that "effective visibility extends to around four weeks and the board's expectations may be subject to change depending on the macroeconomic picture". At its annual general meeting, the Chairman, Keith Daley, said: "Elektron's brands provide proven, sector-leading products in specific geographies, with considerable potential to expand into further territories, and in addition the group has several new product introductions scheduled over the rest of the financial year.
Have held since the old Bulgin days. What a change! The only thing that remains the same is the very attractive dividend. It will be interesting to see how the, relatively, new managers cope with this prolonged downturn.
Westhouse Securities upgrades Elektron from buy to strong buy, target price cut from 50p to 36p.
Shares in instrumentation and electronics supplier Elektron took a tumble last Thursday following a profts warning, and have continued falling since, prompting company chairman Keith Daley to whip out his cheque-book and snap up some cut-price shares. Daley, who has been a shareholder in Elektron since 1996, topped up his holding with a purchase of 300,000 shares at 21.25p each, putting a £63,750 dent in his bank balance. Daley owns 8.54m Elektron shares, representing just over 8% of the issued ordinary share capital of the company.
BW - Its not doing too badly now ! Bought at 33.5 - cant complain at 33% on top now! Might take that soon though - dont want to push it too far for the time being
Elektron PLC (EKT) is the best looking new tip this week with the break to new highs this week. As always with new highs like this there is a danger of a failed breakout but the new highs were made with a good break on the volume trend which is a positive sign. Use an 18% stoploss from here. Weekly Tips Highlights From David Linton of TipsTracker.com
Buy Elektron (EKT) at 43.5p Says James Faulkner of WatsHot.com The current year is said to have begun strongly with the group well positioned to continue its growth curve and committed to growing both organically and through further acquisitions. The company expects to continue investing in its technical, sales and marketing resources in 2011 and has budgeted some 9.3 million pounds of costs for this purpose. The current financial year will also see a full years contribution from Hartest thus ensuring that revenues jump dramatically once again. Clearly this is a business built through acquisitions, and it does seem that further consolidatory activity is on the cards this year, especially given that the integration of Hartest is now almost complete. Any such acquisitions are likely to be focused on giving the company a competitive edge in the high-growth markets of the East, with the company stating that we are now widening our search to include further businesses based overseas. Indeed, with just 42.6% of revenues derived from the UK, this is essentially an international business, yet it is not yet rated as such. Research house Brokerlink now anticipates pre-tax profits (before exceptional items) of 6.7 million pounds on revenues of 68 million pounds during the year to January 31st 2012. Forecast earnings per share of 4.7p implies a current multiple of 9.3, which completely fails to do justice to the growth on offer here. Elektron focuses on high margin, niche markets and its geographical footprint is impressive for a company this size (c. 46 million pounds market cap). The firm should reap the rewards of better operational efficiency following its structural shake-up, whilst further brand acquisitions should quickly augment the bottom line as Elektron integrates them into its extensive sales and marketing network which is itself the recipient of significant investment this year. The shares remain a great value buy, at 43.5p.
.........to excite, is it?
Serious undervaluation by market here...........the shares are trading on a historic p/e of 6 and forward max 5. The shares are worth upwards of 50p. I remain a buyer and have just about 2.9% now................so be warned i am biased. I started at 7p and have bought all the way up. I get what i can on the weak days. good luck Tiger
Elektron in line Date: Thursday 10 Mar 2011 LONDON (ShareCast) - Instrumentation and electronics supplier Elektron says that trading is in line with expectations in the year to January 2011. AIM-quoted Elektron says that it will release its full year figures on 12 May. Geoff Spink, who joined Elektron as finance director, when his previous company Hartest Holdings was aquired, is stepping down from the board later this year after the next set of interim results. House broker FinnCap forecasts an underlying 2010-11 profit of £4.85m. The shares have trebled in the past year but they are trading on less than nine times 2010-11 prospective earnings. Based on a dividend of 0.75p a share, the yield is more than 2%.
Trading at Elektron (EKT) for the year ended 31st January 2011 is expected to be in line with market expectations, the manufacture of engineered components announced ahead of preliminary results. The group, which supplies customers worldwide, also revealed that its finance director, Geoff Spink, will be leaving the company. Elektron shares lost 1.25p to 35.75p.
The secret is out Elektron EKT is another growth story and its only just started to happen, directors have been buying and they realise that their company is totally undervalued just like Renolds RNO and Specialist Energy SEGR Elektron tipped by Investors Chronicle and Specialist Energy tipped in this weeks Money week......although I think Renolds has yet to double in price to put the company where it should be and possibly the other companies mentioned. 2011 is the year of the small companies offering huge potential in an economy now beginning to bounce
any one know if the imminent departure of the FD will help their price
http://www.investegate.co.uk/InvArticle.aspx?id=107686 Elektron has placed 1.38m new shares at 24p each to raise approximately £331,000. The net proceeds will be used for working capital purposes.
looking good here