Updates

Eckoh

July 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Full year results from Eckoh, the call centre technology specialist whose systems help take card payments more securely, show sales up 5% to £28.7m. Pretax profit was £3m down from £3.8m but this arises after adopting the IFRS 15 accounting principle, which means implementation revenues from new contracts get delayed until completion rather than being recognised upfront. Eps were 1.1p. Year end cash was £8.3m. As it is, contracts seem to be coming in thick and fast.The opportunity for Eckoh’s patented, on-site tokenisation solution is in the US, a market 6x bigger than the UK with 14,000 call centres of over 50 seats versus 2,500 centres with 50 seats and last year it won US$13.7m of new business inclu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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