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for an IH&S within a larger IH&S to target c15p then c24p and ultimately, c31p - first resistance just under 10p ... That fall channelled eventually but looks to have been part of a descending wedge fall which should have been bullish on breakout (targeting up to c37p) at 13p but it only did 15p then cratered - that's unusual ... Lots of scope for movement here, eventually, techs are icy cold as you would expect ...
All-time low is 5.3p (in 2003!) but there's a major support line at c6.75p which is where that big rise too off at in 2009/2010 ...
Picked it up on my oversold list and a buy order kicked in automatically lol - know nothing about them but right at the bottom of an extraordinarily long channel and within a penny of their all-time low and no guarantee it'll ever drop <7p so it's well worth a look imo ... Maybe they'd do better to start RNSing deals like the link I posted just now re the new French distributor to start generating some interest ...
thumping director buys well north of here ...
an entry punt ...
a look here .....................
I may have confused things: there are effectively at least 2 spreads, one which is an offer to treat, the other the offer by the broker to buy/sell these re the contract prices and are usually, but not necessarily, within the offer to treat prices. The only way to get an actual price is to put in an order and then accept or reject the brokers offer. It helps, of course, to have an understanding of contract law, although this is certainly not essential.
hmmm. i reckon wide spreads are a poor excuse. spreads have blown out yes , but balanced by high volatility. huge jumps in sp on relatively low volumes leap frog the wide spreads...imo but yes this is a silly price. EKT said themselves, delay problems are solved and backlogs being reduced. screaming buy.
You have to go back to at least the 19 th for the current price to make sense. A broker was complaining to me yesterday that these tight spreads are making earning a living very hard. This will get little sympathy on this board I'm sure but he is right which is why now is a good time to buy if the fundamentals are OK. I think EKT fundamentals are sound. The Tunisian situation may put off some but the situation there as reported in N. African papers looks fine to me. Why am I not filling my boots; easy, this is Christmas and I'm strapped for cash.
3 times as many bought than sold....sp down over 11% ? am i missing something?
does anybody have an opinion on this dive?
No. I have had the shares since they were Bulgin ' Michael
I wonder how many potential investors are put off by the cost of the apparent huge stated spread. At the moment with an actual reasonable spread, last sell yesterday 10.1p buy this am 10.9p. At this price I reckon this a screaming buy.
showing az a sell...1.2mill after....
Very glad to see that EKT are not having a motion to disapply premtion rights at the AGM. This unnecessary motion is only of benefit to a small (numerically) number of investors and although it is usually justified as "normal" it is a good way for a board to avoid awkward question over what can often be very risky decisions. Good for Elektron!
Soon be back to the old Bulgin days. Am I the only mug to have kept tje shares since then?
With EKT shrinking, and operations cut to half, I'm not surprised that the trendline is sinking. People probably are shorting this.
There is a need to watch Tunisian affairs, after the assassination of the left winger Chokri Belaid; Kais Saied in African manager says this is an attempt to unleash civil war. Although even civil war should not affect production in Tunisia it will increase uncertainty.
What a great opportunity for those with cash. I joined in the days when the shares were around 10p, and have never regretted it although they went through some rough patches before certain private investors brought in an excellent Chief Executive, shortly after Mr Daley took over as Chairman and continued the good work. I may be wrong but his great strength seems to be in finding, supporting and encouraging new Executives. My only concern was when Chris Leigh left as Finance Director as I thought he may have been forced out. I now think I was wrong and that his departure was good for both Chris and the company. I can understand that some investors may be concerned about the reliance being placed on Tunisian manufacturing; if they are I suggest they read the Tunisian newspapers available free on the internet. A number are available in French and there are probably some with an English translation. Andrew Evans-Pritchard's article in today's Daily Telegraph also shows how well advised the EKT board are to have started moving more work from China despite its temporary effect on the P&L account.
"However, with a pipeline of NPD activities, continuing investment in recruiting a high calibre management team and further cost savings through streamlining Elektron faces the future with confidence. "Elektron's products are on relatively short lead times, so the order book provides very limited visibility of future sales." The company also said that it sees the diversity of its product range as a strength, but admitted aresas of the portfolio are of low, no, or negative growth. As such it has focused on developing new products as its product portfolio is mature in its life cycle, naturally leading to a reduction in demand for some products. Elektron is now undertaking a managed cull of underperforming brands and products to "ensure that investment is focussed on areas with the most potential for profits and growth".
Elektron Technology shares declined on Friday after announcing that sales from continuing operations in the year fell following a 'particularly disappointing' December and January. A "modest" upturn was seen in the third quarter compared with the equivalent periods in the previous year, but this was not sustained to the year end. Full year sales from continuing operations were approximately £55m, compared to £63m the previous year. Net borrowings at January 31st are expected to be less than £6.0m (2012: £4.4m), reflecting the investment in restructuring and new product development. In a statement the group said: "It will take some time for the results of the new product development programme to outweigh the effect of the economic cycle on the group's legacy product portfolio. We therefore expect a further reduction in sales from continuing operations in the coming year.
I appreciate your comments, but I don't think it is quite fair to comment on PEG on the EKT board. It could give new investors the idea that EKT has a history as bad as that of PEG. As an investor in both companies EKT is a very different annimal from PEG. PEG is a very small company with a narrow if profitable product range wheras EKT has expanded to the point where it has a broad product range which makes it far less dependant on a few large orders. I have a great deal of faith in the Chairman, even though he has given me some very odd looks at past AGM's, as if wondering what that old B is up to. I do think he is one of those instrumental in the recovery of the company after the post Bulgin fiasco.
Top Director Buys Elektron Technology (EKT) Director name: Mr Keith Anthony Daley Amount purchased: 1,286,700 @ 16.05p Value: £206,515
Elektron Technology Buy 01-Oct-12 £45,000.00 Keith Anthony Daley 250,000 @ 18.00p