Member Info for nicton

Released on 24th September last year so 2020's could be next week. We know from what the chairman stated in July that the figures will be good - [Unaudited revenues for the six months ended 30 June 2020 held up well and were lower than revenues for the same period last year by only 4 per cent.
Unaudited management accounts for the six months ended 30 June 2020 also showed that profits before tax increased by 23 per cent, compared with profit before tax in the same period last year and that adjusted profit before tax* increased by 14 per cent.
Strong cash-flow in the period ended 30 June 2020 also enabled Elecosoft to improve its net cash position from GBP1.1m at 31 December 2019 to GBP4.4m as at 30 June 2020.
The Board of Elecosoft expects to release Elecosoft's interim results in late September and will announce the date in due course.
(* Adjusted profit measures exclude acquisition and corporate finance related expenses and amortisation of acquired intangible assets.)] - but has that been maintained since then?

In Shares magazine today hence the rise, no doubt profit-taking shortly. With Interim figures coming late-September (and we already know from what the chairman has indicated that they are likely to be pleasing), happy to stay on board for the longer term.

Both 'buys' and 'sells' during the past couple of weeks, with yesterday's 497k trade marked as a sell almost certainly a buy (as the sp went up). Someone stake building?

Now officially registered with Company's House as Eleco plc. Onwards (and upwards?).

Steady as she goes:

https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html?article=30916191&company=eleco

THAT report, the one published by a Dexter Burt last Thursday containing numerous unproven accusations in his ongoing attempt to discredit Elecosoft; that was the reason for the panic selling last Thurs/Fri which caused the sp to fall 14% presumably making him a lot of money. Thankfully, the market appears to come to its senses during the weekend.

Interim results were released in September last year but, in view of the allegations published in THAT report last week, I sincerely hope the company manages to issue some sort of communication earlier this time round.

A classic 'Shorter's' ploy last week ... fictitious report swiftly followed by posts from planted but concerned non-investors to get the panic rolling and hey-ho share price plummets by 14% in two days. An easy 10% profit for those involved with panicky investors rushing for the exit on seeing the price tumbling.
Just three weeks earlier the company chairman had issued his AGM statement revealing that pre-tax profits ( to 30 April) were actually UP 25% and cash resources had improved by a further £2.0m, not exactly what you would expect from a company in trouble.

Would Paul Curtis have bothered to transfer 23.6k shares to his ISA if he didn't think the company is going to recover?

Taking everything into account, figures and future prospects not as bleak as I was anticipating.

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."

Any mention of the dreaded 'R' word and investors seem to rush for the exit without thinking it through. Construction has usually been at the forefront of most past economic recoveries and, going by what the UK government have been indicating, it's probable that's what will happen this time.
Financially, BILN is in an extremely strong position and having now got a toehold in Europe to help as well (with most of Europe having come out of lockdown before the UK) I'll be keeping some powder dry for when this panic selling ceases.

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.

Can a 20% drop be justified on the basis that world economies might possibly slow down this year because of a possible covid-19 pandemic? Being a long term investor (rather than a fly-by-night trader) I'm prepared to take a chance and stick it out as (imo) a good company investment doesn't suddenly become a poor one simply because of one-off circumstances outside of their control ..... famous last words!

Haven't posted for a while (indisposed!) but still holding one of the favourites in my portfolio. Trading update recently indicated everything going well. Full year results in April last year.

Announced on 21st June last year but more usually it occurs during the last week of the month. Not much longer to wait, therefore, but 'to buy or not to buy' before then that is the question.

This well run company goes from strength to strength - hTTps://uk.advfn.com/stock-market/london/billington-BILN/share-news/Billington-Holdings-PLC-Contract-Awards/80053923. It's hard to believe that a few years ago they were struggling and loss-making with the share price dropping below 50p.
Being a long term shareholder (a rarity these days) does occasionally reap its reward.