Member Info for TruroTrader

Lucky - I am aware that the model is not built around one production line BUT it looks like, for the bulk of this year, that's all we will have. This is why I would appreciate an update on revenue and progress. For instance - perhaps another production line in Albania? Perhaps an update on the two contracts we moved from the middle east to service? I have confidence in the BoD but some info would be welcome.

Not to sure at all about this one, I have reservations. The UKEF funded a recent contract. An agreement in principal was reached and the contract signed. It then took the UKEF 2 whole years to cough the cash while all we could do was twiddle our thumbs.

Yes an important step forward and a good source of relevant experience and knowledge. What I would like to see is the revenue figures for last year. All we have the moment is one production line and it will be some 12 months or more before we see revenue from the JV's. The costs to the company of all the negotiation and travel involved will be significant - Can one production line sustain us?

Answers on a postcard!!!

Hi Lucky, not trying to start a war but to be precise I'm not to certain if we have any large contracts. There were 2, 1 in Kosovo and 1 in Albania, that prompted the production facilities to be moved from the Middle East. They are both conspicuous by there absence! There are one or two recent ones in Albania but they're far from blockbusters. The rest are MOI's, which, providing that there're fair to all parties, are similar, but there're not enforceable.

You are right though - if they come off then we're due a re-rate. Cheers

Yes - not a lot of SP movement. In march '21 and march '22 our annual revenue was some 8 Mill. We should come in this year at over a 100 Mill. The large contracts are our life blood - it's a pity they come, like busses and policemen, in bunches! What would be far more appreciated is a more measured and regular contract wins. Not complaining you understand but it hits production costs if you go from 4 or 5 contracts to 1 or 2. Since then I also thought that the market was wondering if we could adjust to processing 5 contracts at once but we seem to be so doing.

The current VSP is 1.8 Bill which is possibly some dozen or so potential contracts. Working on several contracts at once should become the norm. Half a dozen a year say? Watch the SP then!

While the RNS is very welcome I can't help noticing the differences in the initial financial amounts. Senegal is 1.75 Mill Euros and Sudan and Indonesia are 5 Mill Euros and 5 Mill Dollars respectively. Chilli is different as it's 12.5 Mill euros. Also it looks as if the Chilian Government and Ecob are much more directly linked and the payment or deposit will come directly from the government to Ecob.

I don't know the manufacturing costs and installation costs of a production line as this may vary from country to country Plus of course there's site costs and training. But you'd think there's a ball park figure. After all there's not to many manufacturers!

In October '25 ECOB announced the sale of the above. This initiative seems to be off the radar and rarely mentioned. But rereading the RNS it seems as though ECOB has very high hopes. The developer must feel the same as has has put his money in. The only caveat I have is that as the government is involved there is a potential for delays.

This is the first JV to indicate a starting period, the start of the new year. If this is the case it seems to me that it may be the first to contribute revenue. The other JVs are rather light on progress. Senegal has already gone back on funding. Chilli is a JV with a governmental department and in my experience all governmental bodies take for ever. Sudan is in a long term civil war and therefore may well have delay issues. However this new one seems pretty straight forward.

In the meantime lets hope our Albanian production line can deliver the revenue to keep us going. The apartment blocks seem to be progressing well but the 2 contracts that prompted the production move to Albania seem conspicuous by there absence.

All in all though things are going really well. The 2 ISO's are proof that not only is the BoD working hard in the business to grow it with the JV's but they are also working hard ON the business. fortunately our success seems to have quietened our 2 resident trolls, Nobby10 and Magna Carter, The Chat box is much better for it.

This RNS is a real cracker. There is a hidden advantage here. Ecob should in effect be able to charge for the recruitment and training of the construction workers. This could be a major plus. It should bring forward or at least strengthen the Joint Venture. Add in the kudos and publicity and the lack of profit begins to be less important. It will depend on Ecob providing - and receiving - timely invoices. This is not a given but a real boost if it goes to fruition

James, What tiny contracts are you on about - the one we're working on in Tirane is over 10% of the MK and there are a possible six plus this is seen as a precursor to a larger development on the same site - hardly tiny!

The last info I have is the RNS of the 14th July '25. It was mainly concerned re funding. It did say that the "arbitration panel nomination is already under way" What that means in timescale I have no idea. Apart from that there was no info re timing.

There are some strange assertions being made. ECOB has one production line in Albania. I don't think the company has any direct Government contracts. In fact I don't think the contracts that initiated the relocation from Dubia to Albania have been actually started.

So in order to progress the BoD has to juggle limited income with international expansion. All with no real prior experience of a start-up becoming a possible international multi company conglomerate. So far they have done extremely well. Providing they progress at a pace they are comfortable with ECOB could become one of the most successful companies I have ever been involved with. The actual operations are straight forward and easily expanded. This is one of the key strengths of the business. We need positive news of the ongoing joint ventures before the year end.

Onwards and upward folks - onwards and upwards.

Hi Solo1 - as in my post of the 18th of November titled Chilean Joint Venture. There is little point in the Chilean Government funding ECOB. It will be what ever the Joint Venture is called that will be the actual builders. Therefore they will require the funding. Have a look at my post and let me know what you think.

I think there is no chance that the Chilian government will pay some 12 Mill into ECOBs bank account in order to progress the joint venture. The Chilian money is needed to progress the joint venture itself to a production position. What is far more likely is that the Joint Ventures bank account will receive cash, from the Chilean government, as and when it is needed to get a working production line. It is only when third party cash from sales of walls and houses is received and the joint venture actually makes a profit that ECOB will get a slice. If you put no cash in to start with you have to wait to get cash out! Give it time and it will prove a money-spinning deal.

At the moment we have one working production line in Albania. The Bod have been good up to now and long may that continue. International trade is harder than home trade and we have no track record. The Sudan venture is a little risky in the long term. The government appear to be on the back foot in what is in essence a civil war so even if the setup is achieved the long term future looks uncertain. The other ventures seem more promising but all are at such an early stage that their future, which has massive potential, has no real track record.

The Senegal partnership is the most advanced and once that is up and running things will look different. At the moment I guess the market is a little nervous hence the SP drop back. Up to now the BoD has performed well and I believe they will succeed . The year end report is going to be crucial and I believe that the next year will be the proof of the pudding that we need.

Hi Arbroath, what you're missing is the unknown. ECOB's BoD is unproven. Will they be able to actually deliver the potential? The way they have gone about things in the last couple of years is good. I like the way they have adjusted their sales models to suit their customers as in the current 18 block apartments contracts.

At the same time they've ensured that the Chilian, Canadian and Senegal initiatives have been largely cash neutral so far. Quite a feat for a start-up company. The BoD seems to have a clear view of how they wish to proceed. For me the only test now is how they manage to progress the various contracts to actually producing panels and cash flow.

I would like to see some info about production line progress. How long does it take to make one and then install it, how much do they cost, how long does it take to train the operatives? There's also the question of who employs the people on the building site, is it ECOB or the developer and who pays for the training?

My bet is that the BoD has all this worked out and that potential customers are happy with their vision. Onwards and upwards.

When Fox did the RTO and closed the old business the arbitration claim was kept going. Fox sent Preference shares to former holders to the holders brokers. They would have been put in a share dealing account as they were not allowed in an ISA. If you've no Preference shares you get no compensation.

The arbitration decision is final. Unlike a Court case there is no appeal process.

We currently have one production line which is in Albania. This is a unique one-off bit of kit. It has been improved since it was originally manufactured. ECOB have automated it and radically improved it. We therefore need to find an engineering company that is on the ball and be able to supply a stream of new units PDQ that are of first quality. This production in itself is a new and unique venture and will possibly be a challenge.

The actual production, once the above is sorted, seems straight forward. The BoD has so far been brilliant and hopefully will be able to organise a training programme to not just man the new production lines but also set up training for the actual on-site construction.

Get these two aspects right, In addition to all the complications of international business and trade and we have a winner, but be prepared for a bump or two as we go forward. I think we're on to a winner if the BoD can handle the various complexities. So far they've done really well - long may it continue.

The last 2 or 3 annual results will have little effect on Wednesdays figures. In 2024 we managed 14.8 Mill revenue. The previous year it was 30 Mill.

The reason for this was that it reflected a single contract and the timing of the resultant milestone payments. With 5 contracts we have received payments on a more regular basis and so a much more steadier revenue.

We did 26 mill in the first half and my guess is that this full year will be upsides of around the 100 mill mark. We've probably 12 to 16 months with the current contracts and a new 200 Mill one that could take say 6 months to start. The Transponder business is growing every year and will provide a steady revenue (especially when they sell a Nexus!! Sorry). This will combine with the annual data and maintenance sales of the MD division to possibly cover the companies running costs.

I'm certain that once the market realises that SRT can handle this massive increase in business and also look forward to incorporating new technologies there will be a realisation of SRT's potential. Rodney - this time next year we'll all be millionaires!

Hi Kikudi, Read the RNS's, all the information you have asked is there.