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As far as I know, nothing has changed so why worry what others are doing provided you're happy to be invested. Sales have been mostly for small amounts and probably done by a few nervous investors being panicked by the general market 'gloom and doom'. Or, as has been suggested elsewhere, some of the 'Midas' tips followers getting out as they've watched their initial profit disappear. At this price (imo), a golden buying opportunity and I managed to grab a few more last week sub-22.0p - someone just beat me to it in the market this morning or I would have taken a few more again sub 22.0p; buying price now 22.4p. I can wait .....
Seems pretty aggressive selling but can't see any releases ???
Elecosoft UK wins 'Project Management/Planning Product of 2015' at this year's Construction Computing Awards - "The Hammers". Elecosoft announces that its market leading project management software, Asta Powerproject(R), has won the 'Project Management/Planning Product of 2015' at this year's Construction Computing Awards ceremony, also known as "The Hammers". This is the second year running that Asta Powerproject(R) has won this award. "The Hammers" awards are open to all providers of technology, tools and solutions for the effective design, construction, maintenance and modification of commercial buildings, residential and social housing and civil engineering projects of all sizes in the UK construction industry. Jason Ruddle, Managing Director of Elecosoft UK, commented: "Winning this award against such a strong field of global competitors for a second year in a row reflects our continued commitment to providing market leading solutions to our customers. It is testament to the skill and flair of our team of developers based at Telford and also to the valued support and collaboration which we have received during the year from the many construction companies who use Asta Powerproject."
One largish (35k) sell this morning and the MMs are out with their red pens in a flash. Contrary to what my stockbroker had indicated on their website, finnCap did not issue a reiteration last week of their 35p sp target; the buying earlier this week may, however, have been as a consequence of Asta Powerproject's User Forum last Friday which was exceptionally well attended - over 300 people - the contents of which went down extremely well with those there.
Buyers still around, one prepared to pay [35.5p] above the offer price for 50.4k. MMs must be scratching their heads and are now prepared to bid 33.6p for 25k. Most unusual.
Another 40k buy in the afternoon (this time @ 34.22p) augers well for the future as one would imagine there will be buyers willing to mop up on any sign of price weakness. Company broker (finnCAP) apparently reiterated their price target of 35p earlier this week which possibly ignited this recent interest (I haven't read their note); I was sceptical when they issued this on becoming ELCO's broker (new broom etc) but happy to be proved wrong!
Wow, a 40k buy this morning @ 33.0p: I wonder by whom? With the number of trades gone through this morning, well above normal, I can only imagine there's been a mention somewhere. Tempted to sell a few but resisted the urge even tho' I think the sp is now a little top-heavy. Can't think of another company where I'd want to park the money anyway.
The occasional largish sell is doing a good job in holding the sp in check otherwise the MMs, knowing there are likely buyers around given the recent press mentions, would be hoisting the price to unrealistic heights on very low volume; the inevitable fall would eventually follow. Happy to hold and, at the moment, see no reason to sell for at least 18-24 months. Just my opinion of course.
The recent share tip didn't reveal any information which long term investors didn't already know; I always find it amusing that a share tipster is so often regarded as a company 'oracle' when all they're doing is their job. Still, I'm not complaining but think the real excitement is probably 18-24 months down the line. A gently rising sp in the meantime will suit me just fine.
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Yes, most tips from the mail on Sunday see a rise on the following day.
Wow this tip sheet has has quite an impact on price today. Does this tip sheet have a big following?
The numbers released look ok but on the whole underwhelming. I was hoping to see some better free cashflow generation but the investment thematics remain favourable with the introduction of BIM in the UK in 2016. The company's domain expertise around visualisation and estimation and project management software should keep them in the forefront of this structural change occurring in construction.
I was informed last night by an acquaintance (fellow ELCO supporter but posts on another bb) that that 17.5k 'sale' yesterday was in fact his buy, hence the swift price recovery. On that basis, I assume the 3k 'sale' this morning @ a higher price must also have been a buy. Why do MMs imagine us small investors are all morons?
seemed to recover with a larger sell trade latter in day.
6.5k sale sufficient to cause the price drop this afternoon, ridiculous. With the results announcement just over a week away, I suspect the MMs are on the lookout for a few timid holders to panic, thereby allowing them to pick up cheaply at what, imho, could turn out to be a snip of a price in 12 - 18 months time. Time will tell.
Sounds like Asta offsetting weakness in Sweden. Also not too worried !
Due on 17 September (notice out yesterday). Not expecting any fireworks from their historical figures but will be looking for 'promising future prospects' or words to that effect in the chairman's/CEO's statements. Still feeling optimistic!
Hi mate Saw ur post on recovery plays gc. Forgot about this so thanks for reminder... Quality little company and progressive so will look forward to any announcements Hope ur well!! Lfc quietly doing their business!!! £49m for sterling!!!! Great business!!
8 June 2015 - ELECO plc ("ELECO" or "Group") Trading Statement [for the Half Year to 30 June 2015] The Board of ELECO is pleased to announce that trading in the year to date is in line with the Board's expectations. Trading in the period benefited from an upturn in the performance of ASTA in the UK and US, offset to some extent by a weaker than expected performance to date in Sweden. Of note in the period was a significant license sale by one of ASTA's key US channel partners with a US State Department of Transport. Asta Powerproject(R) was also voted Best Planning and Project Management Software by the UK Construction Industry Software Association. ELECO also announced the release in the UK of the latest version of its Bidcon(R) estimating software which was developed by its Swedish software development team. Bidcon has been integrated into ELECO's latest 5D BIM solution which combines all of ELECO's, estimating, project management, 3D visualisation and compression technologies into a single project management and estimating solution, which has been very well received by ELECO's customers in the construction industries in Sweden and the UK.
Coming up on Monday. Chairman's statement on future trading prospects could be the spark needed to ignite Eleco's 'blue touch paper'. I still remain convinced that the next 18 months is going to be an exciting period for long suffering shareholders and have been adding over the last couple of months in anticipation! "On your marks ....."
finncap forecast of sp of 35p
Although yesterday's 2014 announcement results received a somewhat muted market reception, if you bother to read ALL of the press release, there is plenty there which to make me remain quietly optimistic. The USA alone is a huge target area for the company to grow plus possibilities awaiting in India (and now even China by all accounts) let alone already established Europe. The chairman's AGM (8th June) statement could be interesting.
wahay! golden cross on weekly! nice slow uptrend!