EKT is having the turn around most companies would like to have at the beginning of the economic recovery.

The change of management and subsequent restructuring has brought the desire effect on the company fortunes, by eliminating loss making business and careful control on cost, they had managed an operating profit on all the three divisions at the Interim stage.

The good news has not finished there, as new products were introduced and were well received and the next stage will be for expansion on the Far East markets on selected niche areas of component distribution.

A 14% reduction on borrowing at a time of restructuring is very significant to the aims of the company for the future.

At 7.125p the shares have plenty of upside from now on, not only from the recovery on profits, but also from the most likely return of dividends at the final and that will be the icing on the cake for the share price.
Update
27th Oct 03 Elektron Employee Benefit Trust buys 300th shares at 6.40p
29th Oct 03 Director Richard Bulgin buys 25K at 7.25p latest

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Bit of movement today, although very illiquid. Could be that the bid for HTH is nearing its conclusion (Delta Controls earlier indicative offer raised from 50p to 61p) - takeover panel deadline for "put up or shut up" is end of this month. Would be a nice boost for EKT if it did happen, as they have struggled in own trading last couple of years.

Breaking out on the 15 month

edit but must fill it out with something a long term chart ......

edit

1 post and money am convert it into 3 post

What is going on

Good news on two fronts today - big improvement in underlying trading and looks like they have persuaded Delta to offer a bit more for HTH (now 69p).

Some nibbling last few days is encouraging - trading statement suggested year just ended will be better than expected earlier. Deadline for HTH bid extended to 22nd Feb. Only negative for me is recent departure of highly competent non exec director. I hold.

Delta offer for HTH did not proceed, but EKT taken that in its stride (HTH performing well in own right) and looking strong ahead of results to end of January.

More activity than usual today - perhaps trading statement after Easter. If Barclays Stockbrokers website is to be believed, broker forecasts eps 3.4p for year ended Jan 2011 and 4.4p for 2012. Even with their patchy track record, P/E ratio of 3 or 4 looks a bit harsh to me, but always DYOR. I hold.

Encouraging trading update today. Prospective P/E still in low single figures after recent rise and may even get a decent dividend later in the year. I still hold.

Very strong again today. Nice to win one occasionally, although never won until profit banked and I still hold these.

Expected good results posted today.Prospects look sufficiently encouraging for me to continue to hold, but always DYOR.

Been lonely on here - anyone know why the spurt today?

Looks like another stock getting too high too quickly. I have been watching these for years and have never rated them much.

Must be a screaming buy then!

Appreciate both inputs, although question not answered. Like your style, tab! Recent trading performance has been first class, albeit very short time since big problems. Have sold sufficient to more than recover initial outlay and will watch the remainder with interest over the next year or two.

This has certainly woken up. Having tried and failed to buy HTH at 25p, then seen a bid from Delta for HTH fail at around 70p, EKT has now bitten the bullet and acquired third party stake at 90p sufficient to give them control and make mandatory offer for the rest. Recent trading statement suggests they are coming out of the doldrums and HTH also recovered well last 12 months. The change in strategy from doomed to failure UK manufacturer of bulk (i.e cheap) electronic components to a more niche (and now in a small way global) manufacturer of higher margin components requiring collaboration and innovation has been painful, but the business now seems at a watershed in its history. Could go either way, but I am happy to hold what I have left. Always DYOR.

Tab - looks like you were right on post 53! Gartmore Investment now on board with 7% and this tiddler looking to break into a different league. Haystack - price now 36p after jump on Friday and may indeed have got a bit ahead of itself, but results due 16th September should give better indication of whether it is just hype or if they really are on the right track.

Hartest document not far off the share price should start to strengthen soon on done deal and interims in September.

Elektron sure to pay an interim dividend now.

Don't really follow your logic, cornflakes, but hope you are right about the divi. They are likely to need to hang onto cash to help fund the Hartest acquisition. As PIs, we are unlikely to be asked to stump up for a rights issue to help fund the Hartest deal (no way they could do it all on debt and it would probably worry me if they tried to) so it would be nice if shareholders such as us got the divi and the newcomers did not. We shall see. In any event, the interims this time awaited with expectation rather than hope...

Excellent half year figures from EKT today - and token interim dividend a gesture of real confidence. Crude estimate for combined unit with Hartest is around 5p eps (4m EKT, 1m HTH and approx 100m shares) so does not on the face of it look expensive at last night's close 30p. It remains to be seen, however, if the management is as good at growing it as they have been at turning it around. Happy to personally give them the benefit of the doubt for the time being, but always dyor