Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
All 10 Resolutions at last week's AGM were duly passed including the one changing the company name back to it's previous title of Eleco plc. I've no idea how long it will take for the LSE to cotton on.
In view of the present economic woes, terrific:
Executive Chairman, John Ketteley, commented:
"The thorough planning, initiative and rapid response of our employees in dealing with the Coronavirus disruption meant that within less than two weeks all our business units had begun home working and had switched to the online delivery of training, consultancy and support services to our customers. The initiatives taken by all my colleagues in every business unit of the Elecosoft Group made a vital contribution to our dealing successfully with the unprecedented disruption to our operations threatened by the Covid-19 outbreak and we thank them all."
Just wish I had bought more back in March
In spite of the economic uncertainties on the run-up to the Brexit vote last year, their figures confirm that the company turned in a stellar performance. Covid_19 is clearly having a drastic economic effect for the UK as a whole but ELCO appear to be doing all that's possible for their employees and shareholders alike. One of the few firms I'm willing to ride out this pandemic with.
As anticipated, an appropriate outlook taken by the company and, in the current economic environment, I'll forgive them for sensibly bypassing their final dividend. With their overdraft cleared (as at 31 December) and all staff working safely from their own homes, Elecosoft is something a company rarity.
Notwithstanding that this year will obviously be disappointing results-wise, as economic normality resumes, the company must surely benefit pdq.
Haven't posted for a while (indisposed!) but still on board. Company share price has held remarkably recently when all around has been a sea of red. With the annual results due within a couple of weeks, will our faith be rewarded when all is revealed.
My guess is Tuesday
Brexit uncertainty has only to be mentioned for any share these days to knock it down.
I am not worried the way thing are going we will not leave or if we do it will be with a deal then watch uk shares GO.
Look like strong results to me, but why the selloff this morning?
Thoughts anybody?
Could be tomorrow with divi announcement
Usually very good
Trading Update for the Quarter to 31 March 2019
2019 started well. Unaudited management accounts for the quarter ended 31 March 2019 showed that revenues increased by 20 per cent (22 per cent at constant currency); and Profit Before Tax for the quarter ended 31 March 2019 was higher than the Profit Before Tax in the quarter ended 31 March 2018 and is in line with market expectations. Elecosoft was also cash generative in the quarter, and as at 31 March 2019, had net debt of £0.9m, compared with net debt of £2.1m as at 31 December 2018.
John Ketteley, Executive Chairman said, "Elecosoft continues to perform well reflecting both the international spread and strength of our core construction and visualisation software businesses. We have been encouraged by the trading performance of our recent acquisitions in the UK and Germany and the opportunities for realising synergies which we anticipated when acquiring these businesses."
Nice trading update onwards and upwards
https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=28777959&company=eleco
finnCap (co broker) have upped their tp to 93p was 88p. Their estimating in 2019 (2018 actual in brackets):- T/over £27.6m (£22.2m); EBITA £5.7m (£4.8m adj); EPS 4.5p (3.8p adj); DPS 0.8p (0.68p); pre-tax ROCE 18.1% (15.8%).
Bearing in mind the company have had to incorporate two acquisitions during 2018, figures seem excellent to me.
Scheduled for 19th March, eight days earlier than last year's. Usually a good sign in my book, old stock market adage of 'Good news travels fast'!.
Bravo! What more could you ask for:
https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=28551411&company=eleco
Last year's issued on 23rd January, will we be getting one next week?
https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=28230855&company=eleco
Looks like another snug fit combining beautifully with the company's own Esign subsidiary.
https://www.elecosoft.com/news/announcing-elecosofts-acquisition-of-shire-systems/
A snug-looking fit and, on the surface, one which wasn't very expensive. Her's hoping it turns out to bb another ICON!
A little short-sighted (imho ... not that I'm biased at all!). After what seems like an eternity, ELCO has finally registered on a lot of radar screens and, if the anticipated July trading statement confirms what the chairman had to say at their recent AGM, there should be more petrol left in the tank. I'm living in a dream world at the moment and just hope I manage to stay asleep for a while longer &{:-;}
Keep your foot on the gas ELCO.
Creeping steadily higher, breaking through 80p much to my surprise and delight; my 'sell finger' is beginning to twitch! It's interesting to remember that ELCO's industrious chairman bought 1.0m shares @ 8.375p on 6th June, 2012, which prompted me into a buying mood. Mind you, on 9th January, 2008, he'd bought 15k @ 93p plus 10k @ 95p! He who dares does win occasionally!!
What more could a shareholder ask for? [ Trading Update for the four months to 30 April 2018 2018 has started well and Elecosoft's revenue for the four months ended 30 April 2018, based on unaudited management accounts, has increased by 7 per cent, compared with revenue for the same period last year at both actual and constant rates of exchange. Profit Before Tax for the four months ended 30 April 2018, based on unaudited management accounts, was significantly higher than Profit before Tax for the same period last year and comfortably in line with market expectations, reflecting the benefit from higher revenue and continuing cost management. John Ketteley, Executive Chairman said: "Elecosoft has continued to perform well reflecting both the strength and international spread of our core businesses. I am pleased to say that Elecosoft also continues to be strongly cash generative, and as at 30 April 2018 we had net cash of GBP2.4m, compared with net cash of GBP1.0m at 31 December 2017." ]
The last time the sp was at these levels was way back in 2008 but a vastly different scenario in play then; falling like a stone as the construction recession took hold, eventually bottoming out at 7.5p. Some thought the undertakers were knocking on the door but other 'idiots' followed the chairman's lead (he bought 1.0m!) and bought a few as well ..... I'm a lot older but probably no wiser now!! Has the price risen too far now? I've no idea but, with prospects still looking rosy, happy to stay on board and watch events unfold during the next twelve months or so.
Nicton appreciate your coverage of Elecosoft over the years. Manage to double my money on this one albeit investing from Australia have lost some of gain on currency. The energy of the Executive Chairman is a big part of this turnaround. I�m content to remain invested here as 2 times revenue appears ok.