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Eleco

October 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:
  • 133p
Eleco has a portfolio of best-of-breed solutions for the construction and maintenance of buildings and structures. The standout in the latest H1 results is the organic revenue growth of +12% coming in well ahead of historic levels (driven by US +35% organic growth, Scandinavia +5% and UK +8%). Together with the inclusion of the Best Outcome, this drove overall sales  +21% to £16.3m. Pretax profit and eps grew 22%/24% to £2.2m/2.1p. Cash was £12m (up from £10.9m in December) despite spending £1.1m on Vertical Digital to add a development team. Speaking to CEO Jonathan Hunter again, three things stand out. First is that fact that the SAAS transition is complete and 74% of sales are now repeating, which gives it a good base to build ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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