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

2 contract wins in two days. Starting to gain momentum. Has anyone any idea what these contracts are worth

It's been an excellent week for ECK. Anyone have any views on the Symphony deal?

Excellent news of a significant contract. Eckoh and BT win 3-year contract to supply ground-breaking parcel tracking service to Parcelforce Worldwide

It is Legins. Onwards and upwards from here I feel!

I understand eckoh have been tipped in Shares Mag

Anyone know the content?


I bought 80k after results and suprised that they have dropped back slightly.

any views?

Today's Times reports rumour of a bid for Eckoh Tech.

Ah, that'll be the reason for the nice move upwards yesterday then. Monday could be interesting :-)

Hope so, I've been holding these too long!!!...........many break-outs but no sustained run up so far. Cash pile could be attractive to someone.

Independent reports bid to be 50m.

Eckoh Technologies PLC
14 August 2006

Eckoh Technologies plc



STATEMENT REGARDING POSSIBLE OFFER




The Board of Eckoh Technologies plc (the 'Company') notes the recent movement in
the Company's share price, and announces that it has received an approach which
may or may not lead to an offer being made for the entire issued and to be
issued share capital of the Company. The approach is of a preliminary nature and
there is no certainty that it will result in an offer actually being made.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the
Company announces that it has 272,406,475 ordinary shares of 1p each in issue.

Further announcements will be made as appropriate.



Contact



Corporate Synergy Plc: Brian Stockbridge 7448 4400



END

I've been holding for about 3 years! What are your thoughts on the 50m canary9? A good starting point or fully factored?

Queen1,I wish I knew! With 25M of cash, the rest of the business would be valued at 25M, which is on the low side imo, but it is a long time since this share traded above 18p. I thought the sell out of SMY was on the low side considering the price to sales, so what do I know? Either way I come out at a nice profit!

Disappointed to see the sp dip back to today's starting point. An indication perhaps that the market doesn't feel the bid has legs?

So what news on the offer then? The sp seems to be slowly drifting southwards again.

Time to relook at this one. Good news today.

Well up again today as it seems that ECK may still be in the market buying shares.

The buying continues.

Eckoh in tender offer to return up to 7 mln stg of surplus cash
AFX


LONDON (AFX) - Eckoh PLC said it plans a tender offer to return up to 7 mln stg of surplus cash to shareholders through a purchase of up to 60.9 mln shares for between 11.5 pence and 13.5 pence each.

The company explained that it has had surplus funds since the sale of its stake in Symphony Telecom Holdings to Redstone PLC in July, which generated about 11 mln stg of cash.

The provider of outsourced automated solutions is also seeking approval to buy its shares on the market if appropriate following the completion of the tender offer.

Eckoh added that the prospects for the company are very positive as growth continued in the second half of the current year.

newsdesk@afxnews.com

Good news:

Eckoh today announced that it has been re-appointed by William Hill to provide its automated horse racing commentary and results service. The new contract, which runs until 2010, follows Eckoh's successful operation of the service since its launch in 2002.

The service provides callers with real-time access to live horse racing commentary and results across leading UK and Irish racecourses, as well as many greyhound tracks and meetings. The service also allows callers wishing to place a bet to be prioritised and connected directly through to a contact centre agent and then to be re-connected to the automated service.

All calls to the service are hosted on Eckoh's highly resilient self-service platform, which is capable of handling over 650,000 calls per hour and 8,000 calls concurrently. The scalability of Eckoh's platform continues to be of crucial importance to William Hill during busy racing periods, when concurrent numbers of callers to the service can reach several thousand.

Mike Grenham, Head of Sports Information at William Hill, said: 'Over the past five years, Eckoh has worked with us to establish the industry's premier commentary and results service. We're confident that by re-appointing them, we will maintain access not only to their exceptionally robust and reliable capability, but also to their continued service innovation, which will ensure that we continue to enhance the betting experience we provide to our customers.'

Jim Hennigan, Executive Director at Eckoh, added: 'This is one of the most prestigious and sought after contracts in this highly competitive marketplace and we're naturally pleased that William Hill has given Eckoh such a vote of confidence in our performance and selected us to be their partner into the next decade.'

Combustable Investor - 22 Jul'07 - 21:25 - 4727 of 4730


dont read the press myself

GB904150 - 23 Jul'07 - 22:14 - 4728 of 4730


Hi all,

I posted this on another site but thought it might be of interest over here. Would be interested to hear people's views:

IMO the two crucial things in understandings ECK's valuation are the current balance sheet and forward cash flow.

I may be labouring the point on this, but bolstering the balance sheet is:

BALANCE SHEET
7.6m cash
2.0m short term investments
4.7m outstanding loan from Symphony
- 1.5m Dec 07
- 0.5m in June 08
- 1.0m in June 09
- 1.7m in June 10

Current market cap less than 18m. It would be foolish to suggest the SP won't go lower, but it is logical that the SP will be underpinned by its strong balance sheet.

At a certain point cash rich companies with profit making businesses become very attractive for takeovers, whether that be by a competitor, private equity or MBO. That isn't my reason for buying ECK, but it does give some downside protection and ensure the price is more likely to double than to halve.

CASHFLOW
Now this is where me and Oracle disagree

Op profit/(loss) before intangible asset amortisation/exceptionals 574
Op (loss)/profit (310)

Provisions for liabilities and charges (516)

Exceptionals are one off costs that cover restructuring (splitting the business takes considerable time/effort), ICSTIS costs and the actual provision for the fine.

After exceptionals the op loss is 310k but total amortisation+exceptionals amout to 884k. Amortisation will likely be lower next year, ICSTIS fine was less than provisioned for and currently no restructuring is necessary.

Eckoh are cashflow positive after allowing for exceptionals. Those exceptionals in this case produced 11m (Symphony) for the group, the majority of which was returned to shareholders.

So the balance sheet lends support to the current SP at this level to those investors who understand it. My view is that the SP is oversold - it may become more so due to the negative publicity. Unfortunately, the public and a lot of investors don't understand the role of broadcasters; productions co's; telecoms providers in the whole 'scandal'. They tar all with the same brush and consider all of them to be affected by each mention of each ruling.

e.g. The recent BBC announcement having a knock on effect. OFCOMs rulings pounced on by the press.

Shares get overbought and oversold. They are primarily a function of supply and demand. PIs have got itchy feet over Eckoh due to negative press. A falling SP undermines confidence further and causes people to worry there are other problems they aren't aware of.

Things may get worse before they get better - but you can only invest when you feel the upside potential significantly outweighs the downside, which with Eckoh I still believe to be the case.

IMO, the current weakness in ECK's SP can be attributed almost entirely to uncertainty over cashflow in 2008, in light of reduced IVR revenues. I wrote a post over on iii which gave some of my projections for 2008 T/O and what effect that might have on operating profits.

Given that the current businesses are valued at only a few m combined it still would seem sensible for Eckoh to sell off Connection makers asap if only to convince the market of their value and in doing so, realise some value for shareholders.

When a company's SP looks as weak and unsupported as ECK's, investors will invariably sit on the sidelines until they see some strength/recovery before committing a large chunk of cash. Realistically, I think we will need to see CMs being sold, director buying or a statement on trading before we see that support.

That said, at these levels Eckoh is very cheap imho, so not a bad time to accumulate.

Good investing :)