Updates

Eckoh

September 2018

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.

Eckoh, the call centre technology specialist whose systems help take card payments more securely, has reported full year results.Sales for the year to end March were up 3% to £30m (or 7.6% at organic constant currency), with pretax profit up 50% to £2.4m. Adjusted eps boosted by a tax credit was up to 2.2p.As I said in March, most contact centres are either not compliant with PCI-DSS or are not using sophisticated solutions to prove compliance. 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.Revenue from US operations increased by 14% to £11.1m (£6.8m ...

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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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