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

takeover bid?

just had a look at the last set of Accounts.....

company has 10m cash

tax losses of 100m - say 30m to someone who can use the losses

last EVBG report projecting 1.9m PTP

say 20x on 1.9m = 38m

38m+10m+30m = 78m

shares on issue 271m


value per share - 29p

say a 30% bid discount - 20p per share!!!


could be worth a serious punt!

Go post that on the other board Mack. Get them drooling ;-)

OT watch GON could explode.

which board moneyman?

they must have read it on here Moneyman...the price has just ticked up!

interesting press release...sounds like a nice little earner!

'I'm a telco', says Eckoh 'Get me into here!'
Eckoh Technologies

M2 Presswire
14 October 2004

There is a 'real need' for more collaboration between the telecoms and television industries if interactive TV is to realise its full potential.

So says Paul Parry, managing director of Eckoh Technologies' Communications division, speaking at the 6th Interactive TV Show in Barcelona today. The message comes as Eckoh prepares to deliver interactive voting services and viewing software to ITV's 'I'm a Celebrity Get me out of Here!' next month.

"Telecoms and television projects need to share a vision for the future," he says. "Conceptual collaborations generate robust formats that, in turn, generate real ratings success, enhance revenue streams - and improve broadcast intelligence."

Eckoh will provide premium rate Interactive Voice Recognition (IVR) vote lines for 'I'm a Celebrity', including - for the first time - real-time phone, red button, SMS and web statistic viewing using Eckoh's VISTA software.

"Interactivity is central to the 'I'm a Celebrity' format," continues Paul.

"The key is entertaining voting opportunities that enhance rather than interfere with the audience experience - how many other programmes can offer that range of interaction and involvement?"

Both Parry's speech and the 'I'm a Celebrity' deal follow a series of interactive collaborations with ITV following the announcement that Eckoh is preferred supplier for the channel's telephony services. It also comes hard on the heels of the launch of VISTA, Eckoh's own web-based software package that allows broadcasters to track viewer phone, red button and web votes in real time.

"We are on the cusp of a revolution in television - and in telecoms," says Paul. "There is huge potential to capitalise on the great work that has already been done to develop enhanced products and services in both market sectors."

The 6th Annual Interactive TV Conference is one of several industry events that Eckoh has been involved with in the last few weeks, including the Edinburgh TV Festival, the Future of Music TV Conference and the Broadcast Commissioning Conference.

Note to Editors: The 6th Interactive TV Conference took place on 14 October 2004 in Barcelona, Spain.

Eckoh Technologies plc designs, builds, hosts and manages speech solutions for large corporations and organisations using ASR (Advanced Speech Recognition) and IVR (Interactive Voice Response) technologies. It is a leading UK service provider and infrastructure owner/operator, and intends to exploit the anticipated growth in demand for Speech Solutions across Europe.

CONTACT: Rachel Conway/Simon Shrouder, TDM Marketing Associates on behalf of Eckoh Technologies plc Tel: +44 (0)1625 575592 Fax: +44 (0)1625 574313 Paul Parry, Eckoh Technologies Tel: +44 (0)8701 100 200

((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com)).

Nice find Mack

chart is looking so much better than it did on Monday...

amazing what a difference a week makes!!!

punters were queuing to sell at 7p on Monday, now they can't buy the stock at less than 9.15p....

a 31% difference to the positive

onwards and upwards!!!

I'm tempted to top up, but the price keeps moving against me. Never mind, I expect the weekend press will be tipping this one.

looks like 9.375p mid price is a significant closing price...no negative reaction at 9.25p today so hopefully this will now become the new support and the next resistance level is 11.7p...

Investtech from this morning said:-

Has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock is approaching the resistance at p 9.25, which may give a negative reaction.

Yep, the chart looks pretty good, 10p should be easily broken by the end of the week as fundamentals support the buying, especially the level of cash to market cap!

OH DEAR!!!

smell something fishy going on here!

just tried to buy 100,000 shares online and was unable to do so....best my broker could offer was 50,000 @ full ask - 8.75p

when I asked for a quote to sell 250,000 shares I was offered 8.625p


think the MMs have dropped the mid to accommodate a 'big boy' who wants to pay well under 9p for a large chunk of ECK

time to accummulate again I think...

100,000 buy at full ask(8.75p) and we get a tick up...suggests the MMs are not overly keen to release a large amount of stock at below 9p

another tick up...on the bid this time!!

tick up again!!!

MMs are having a laugh now!!!

any substance to the carphone warehouse bid rumour? looks like someone took the op to take a few profits.

Bonfield - looks like there may be quite a lot of substance following today's announcement. This is obviously good news but for someone who bought in at 15p, an offer around 11-12p doesn't do me too many favours.

this is great stuff. my avg is 8.5, glad I topped up last week.

Citywire
Edmond Jackson: Eckoh bounces back
Published: 09:23 Fri 22 Oct 2004
By Edmond Jackson, Columnist

With the Aim-listed shares in developer of speech recognition services Eckoh Technologies up 2p, or 25%, to 11p this morning, on news of an approach, albeit early stage, there are some useful pointers generally.

First, the timing of bid approaches for emerging companies tends to be when they are finally moving into useful profit, after shareholders have endured a few bumpy years. This group, capitalised at about 20 million, posted normalised losses of 14.7 million in its year to the end of March 2000 and 11.4 million in 2001/02, then spent the last two years at roughly break-even. Evolution Securities, Eckoh's broker, projects a near 2 million pre-tax profit in 2004/05, for earnings per share of 0.7p.

Second, this is a market leading company - as affirmed by Trinity Mirror in selecting Eckoh (ECK) as its primary partner for interactive services in the UK. A strong position enhances takeover appeal.

Third, smaller company valuations can easily drift and attract an approach. A difficulty for any company below 50 million capitalisation is getting on the radar of institutional investors. Although Herald Investment Trust (a technology specialist) owns 8.2% and UBS Global Asset Management 4.6%, Eckoh's volatile share price may reflect trend chasing by smaller investors. This year it has slumped from 17p to a low of 7.75p. It is worth being aware for value opportunities when companies get marginalized like this, and not to fret if you own the shares and are confident about its prospects. Eckoh is not really my cup of tea, but I recognise a classic chain of events.

A final yet key point and indicator is that approaches tend to leak. Eckoh's jump from its 7.75p low this month, above 9p the other day, now looks a bit cute to be coincidental.

Although Eckoh has yet to define a proper earnings record, its 28 July annual general meeting statement was positive - with the chairman summing up 'a number of large client wins in our speech solutions business, extension of an alliance with BT, expansion of speech-enabled call processing and the prospect of new contract announcements'.

Now is the logical time for another operator to make an approach, although today's announcement makes plain 'discussions are at an early stage and there can be no certainty that an offer will ultimately be made'.

The August Trinity Mirror partnership involves competitions, votelines, games, dating and astrology - with Eckoh credited with 'the capacity to handle the volume of traffic that a group like Trinity Mirror develops'.

In September a train information service was announced with BT, enabling callers to select relevant train stations by speech recognition or touch-tone entry.

I find it speculative to buy on this news, as if the approach cannot agree terms then the shares will fall back - albeit unlikely back to their recent low.

This is good news for Eckoh holders: hang on to your shares.

Current mkt cap 24m, 10m in bank, gives an EV of just 14m. Forecast profits 1.9m. Value must be nearer 40m so any bid would come in around the 20 pence mark.

The first half ended on 30th September. ECK will already know how they have performed, these need the auditors to look at them before their release which is why there is always a couple of months before they are published. ECK like all companies will produce results at least monthly and they will know within reason the performance well before they make any results public so they do not need to wait until December to decide whether the offer is reasonable or not.

I would have thought they would be more than one party interested and others may become interested after the disclosure today in that case a bidding war could erupt.

BT, Carphone Warehouse, Pipex Communications could be the touted ones.

Why all the profit taking was absorbed by the market makers today?

A big buy order had to filled in tranches at 11 pence....most likely given to the MMs this morning at 10.30am which caused the offer price to rise to 11.50 pence from 11.00 pence on nothing much in terms of buys that were coming through. The below buys were being filled in the background hence the jump on the offer this morning :

500,000 T BUY at 11.00 pence
250,000 T BUY at 11.00 pence
250,000 O BUY at 11.00 pence
900,000 BUY at 11.50 pence

The press will be all over this at the weekend. Monday could bring another healthy markup. Very good volume today.