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Primary Recommendations

Eleco - Completes its SAAS transition

June 2024

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.

  • Epic Code:
  • ELCO
  • Price:
  • 106p
It might seem like early days for a business supplying software to the construction sector to be booming, considering the housing market is hardly in a frenzy of activity. Furthermore, the after effects of all kinds of cost overruns and raw material supply constraints are still being felt by other construction projects. But such difficulties are tailor-made for Eleco, a specialist provider of Asta Powerproject software, which allows customers to easily, quickly and collaboratively create, schedule and manage even the most complex construction projects. Building project managers are also in short supply and as CEO Jonathan Hunter tells me, if you are putting up a large building such as the London Shard or building a five-story dugo ...

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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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