Eckoh (#ECK) – recommended 54p per share offer from Bridgepoint
- 2024-10-30 07:58:54
Technology for customer engagement data security company Eckoh (ECK) has issued a trading update including, for its year ended 31st March 2024, that it “expects to report adjusted operating profit of approximately £8.3m… marginally ahead of market expectations, which represents a 17% increase on FY23 pre-forex… with an improved net cash position of £8.3m at the end of the year (FY23 £5.7m), also marginally ahead of market expectations”. So what of a current share price response to 40p, approaching 6% lower?
At the beginning of this month I wrote on Eckoh (ECK), describing itself as a “global provider of customer engagement data security solutions”, that its half-year trading update suggested it would be interesting to see the further financials detail of the half-year results and that the valuation at a 40p share price looked to suggest, considering the current harsh stock market environment, still little room for any trading disappointment. So what of its now “pleased to announce” results for the six months to 30th September 2023?
Previously writing on company describing itself as a “global provider of customer engagement data security solutions” Eckoh (ECK), I concluded with the shares at 65p, a £165 million market capitalisation, that the valuation demanded further rapid business growth and that it most prudent to avoid/sell. What now of a latest trading update, with the shares having most recently closed at 42.5p?
Previously writing on secure payment and customer contact technology company Eckoh (ECK), last month with the shares at 68.5p I was cautious – concluding that the valuation looked to demand further rapid business growth amidst “the current macro-economic and COVID-19 uncertainty”. Now a “Half Year Trading Update”...
Secure payment and customer contact technology company Eckoh (ECK) has updated including having previously “did not intend to propose a year-end dividend… Given the continued resilience of the business combined with its high levels of repeat and recurring revenues… is pleased to announce that the board has approved the payment of a special dividend of 0.61p per ordinary share” – and the shares are currently a further few percent higher...
Previously writing on secure payment and customer contact technology company Eckoh (ECK) I cautioned just over a year ago. The shares are though currently higher on the back of a half-year trading update including “it has been a very strong first half to the year with excellent levels of contracted business and double-digit revenue growth in both the UK and US”…
Secure payment and customer contact technology company Eckoh (ECK) is “delighted to have won our largest ever secure payments contract and with such a prestigious client” - and the shares have currently responded 8% higher to 41p…
Eckoh (ECK) has announced it “has secured a four-year contract to provide its Secure Payments solution, CallGuard, to a US Fortune 250 retailer, and a partnership with a global payments solutions company in the US”. Sounds good, what’s the detail?...
Secure payment and customer contact technology company Eckoh (ECK) is “very pleased with the recent progress we have made in the UK”, this including that it “has since interim results on November 22nd 2017 secured six sizeable UK contract wins across the payments, insurance, healthcare and mobile telecoms sectors - the latter being a contract with one of the UK's largest mobile network providers”. Significant growth ahoy then? Er…
I previously wrote on Eckoh (ECK) in June, concluding with the shares approaching 50p that the valuation would suggest much greater underlying growth than what has just been delivered and that, while awaiting to see what the stated “excellent” future prospects actually deliver, I continued to avoid. The company has recently updated…
“Eckoh plc (ECK), the global provider of secure payment products and customer contact solutions, is pleased to announce its final results for the year ended 31 March 2017”. Hmmm, this though follows a profit warning in September…








