Member Info for nicton

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.

Just a few small buys and the sp jumps, solves the mystery of why the MMs didn't want to play ball yesterday ..... no stock. Ridiculous when you think about it; if they raised their bid price to attract a few sellers, buyers waiting in the wings would snap up the stock then on offer (at a higher price) so thy've made money. I must be missing something!

I wonder why. Could be simply MMs playing their silly games or a large buy/sell being processed. Should find out eventually.

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.

I couldn't agree more, an absolute snorter. One for the patient investor to tuck away for a couple of years.

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.

There was a trading update issued on 18 September last year, but with the continuing deterioration in the oil price since then forecast to be having a dampening effect on the company's trading profitability, will we get one this year?

All three trade 'sales' yesterday look suspiciously like 'buys' to me, 'smoke and mirrors' routine by our lovable MMs!

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?

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.

Keep up the good work rivaldo, a lone voice singing CAR's potential (although I'm a silent supporter in full agreement with your sentiments). Things must be looking up as the company 's previously very vocal critics, both here on other boards, appear to have lost their motivation somewhat and quietly slunk off. CDS could be the icing on the CAR cake imo.

After years of watching from the sidelines, have now bought a few during the recent sp weakness. Clearly this is one for the patient but that's my speciality ..... ask my wife! LEDs are the future for lighting.

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!

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.

Due out next Tuesday (9th). The market reaction should be interesting following the Xsense debacle.

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 ....."

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.