A recent aquisition for Intelliplus Group plc and new contracts for this company are coming in thick and fast. Result - share price is consistently heading north - Up 46% since 1/10. Perhaps one to quietly be a ten bagger over the next few months. DYOR

LOL

yes not a good day Mack!

checked the buy/sell spread just before the close and I could buy 100,000 shares at 7.34p...makes me think that the trade for 80,000 shares late in the day was actually a buy...

not sure if this is a MM treeshake but it is strange that all the MMs are currently on 7p-8p spread which doesn't exactly encourage buying!!!

no sign of any late large sells so it maybe MM games...

just checked trading volumes for the last three sessions and if you ignore a 150k rollover we seem to be averaging 300,000 shares or c.25k a day...

potentially a massive buying opportunity at these levels bearing in mind the enterprise value of this company is now less than 10m or 3.75p a share, thats right 50% of current 7.5p mid price is cash covered!!!

another tick down, another day of low trading volume...

wonder where it will stop??????????

a bounce, rejoice!

Whats happening here then ? News expected ?

ECK, broker comment:

Eckoh adds new speech contracts and meets forecasts

The Speech Solutions business continues to grow, seeing further contract wins with prestigious clients such as Warner Village and the LSE itself. It is solidly supported by the larger IVR and Network Services divisions. FY03 sales are in line with expectations at 62.5m. As expected, reduced gross margins saw the adjusted pre-tax loss of 0.3m. This led to a small 0.1p loss per share compared to a 0.1p profit last year. But these are minute bottom-line differences; overall the group maintains a breakeven position whilst it steadily builds its innovative Speech Solutions business.

The new year has started very well and new contracts have been announced today, with prestigious clients such as Vue (formerly Warner Village) and the London Stock Exchange. They join UGC, RNIB and TD Waterhouse as converts to this leading edge technology.

On the financials, revenue from ongoing operations was flat at 42.4m but was boosted 17.8m by the acquisition of the Intelliplus business, offsetting the net 10.4m drop from the closure of the mobile wholesale business. The addition of that low-margin Intelliplus revenue dragged down the groups gross margin (33% to 27%) but margins have also been under pressure in the IVR business. This led to a reduced GP contribution, but that was mitigated by the reductions in overheads instituted by the management over the year, but nevertheless forced last years fragile pre-exceptional & pre-amortisation profit just below the line. Readers should note however,that the break-even position has been held despite losing the 2.2m profit from the mobile wholesale business, which suggests real underlying progress has been made.

The 0.3m loss was outweighed by 0.5m exceptional gains. Several exceptional items netted-out positively over the year with gains on disposals covering losses on closure and restructuring costs. The group thus generated 0.1m from operations but spent 2.1 settling Intelliplus loans and factoring arrangements, bringing the cash balance down to 10.2m.

The future focus of the Eckoh Group is now very much on the high-growth, high-margin Speech Solutions business. It utilises the same leading edge telecoms platform, one of the biggest in the UK, as the IVR business and there is increasing convergence between the two. Together they offer large corporate clients a unique combined package for high volume call handling.

We expect strong performance in FY05, with Intelliplus contributing a full year and the burgeoning Speech Solutions business seeing additional contracts being signed. In total this should drive revenues to over 81m in this year, and we do not alter our forecasts for a strong pre-tax profit. At just a 5.9 EV/EBITDA multiple the stock is clearly attractive given the growth rates.

nice rise today...looks like we have just about made a BREAK OUT!

must be a first in a long time!

ECK has managed to get on the biggest winners of day board...

trades going through at 8.12p are actually buys not sells

interest T trade for 978,000 shares just
gone through

looks like a delayed purchase at 7.75p

Continuing it's rise now. A leak of news or an overhang clear.

BREAK OUT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Anyone noticed the constant 250K buys comming through.

moneyman,

yes...someone accummulating?

perhaps its a US Venture Capital Fund stalking us...ala THUS

3 vs 1 and cannot see Wins staying on the offer too long.

3 v 1 sounds good moneyman

certainly better than 1 v 4 which we have seen for what feels like months!


amazing what a difference a day makes

punters were queuing up to sell at 7p yesterday now some are prepared to pay 8.75p to take a position

a 25% difference is huge!!!

trading momentum looks good too

Agree Mack. Not too many people holding sub 8p IMO

with some increased momentum I would like to see 9.5p taken out very quickly, say within the next couple of trading sessions

when do we get the interims?

ECK web site suggests November but no specific date?

closed at 8.25p mid....not a bad result

managed to take out the 40 day moving average with ease which was down to 8.1p

last time ECK came close to the 40 day MA it was the middle of June...it hit the average and promptly dropped back...

next MA to take out is the 50day which is sitting at 8.3p

60 day MA is at 8.4p

mid price hasn't been above the latter two MAs since last March!!!

the next few trading sessions could be interesting with trading volumes increasing and buying momentum picking up.

EVBG's target price at 20p may not be that daft after all!
http://www.research.evosecurities.com/comview.asp?company=369

Think it's a couple of months away so this rise may continue for some time. i am adding now on any pull back.

Talk of the company actually purchasing their own stock for cancellation !! Now if that is confirmed hold onto your hats.

Hi Moneyman, the ECK, broker comment you posted 168 of 182 is very positive IMO and wonder if this has something to do with the SP rising 11.86% on the day.

Interestingly, the broker comment does not seem to mention or include in any of its forecasts about the ITV revenue making contract Eckoh won that commenced on 1st March 04 and whereby since then the SP has consistently been falling to the low of yesterday @ 7.5p. Perhaps also the news today of ITV now owning 75% of GMTV through acquiring SMG's 25% for 31mln and as a result will this give a significant boost to the ITV revenue stream ECK now has from this contract? The remaining 25% of GMTV is owned by The Walt Disney Company and ITV is now obliged to offer Walt Disney the same terms for its stake.

Looks even more positive for ECK