Re: New US parents Agree totally Pond.I know in Yorkshire we tend to drop our hs but thats normally done at the beginning of a word, not at the end ! ))T PLth of Eckoh
Re: New US parents With 'Card holder not present' fraud increasing year by year $5.2 billion in the US in 2016[1] and projected to rise to $7 billion by 2020[2] this type of fraud world wide will grow at least in line with the increase in these sort of transactions.In the Asia Pacific area an area were cash tended to be king, card payments have increased dramatically year on year and the growth will continue. China especially is usually the main one to watch outside the USA when it comes to any type of innovation and yet they have not 'fully' woken up to none cash.These are the figures from a report in April 2017 China, 41 percent use cards and 30 percent prefer cash.Compare this with the USA where 70 percent use cards and just 11 percent prefer using cash.The following figures also look impressive.Japan USD 209 billionSouth Korea USD 203 billionAustralia USD 140 billionTaiwan USD 24 billionChina USD 24 billionHong Kong USD 20 billionNew Zealand USD 11 billionThailand USD 6 billionIndia USD 2 billion Once Ecko break through with the big boys, and I see no reason why they cant, after all Apple pay, Paypal had to start somewhere and Ecko easily compares (I would say betters) other card payment systems in security, they can become a world name and not just on the radar of small company followers.The future for Ecko certainly looks very rosy indeed.
Re: New US PATENTS Sorry, auto correctTP
New US parents RNS todayTP
Re: Trading update I agree with your comments Pond1. Techinvest has been a fan of this over several years and recommended buying more when the SP dropped after the fixed price contract went wrong and they lost £700k on it. The rest of the business is doing well with double digit growth in the large US market. 7 new contracts in the first half compared to 9 in the full year last time so it looks encouraging. The IC and Techmarketviews are also positive on it. I would anticipate that TI will make it a buy-again-in its next issue which will bring it to attention. This is an opportunity to buy more now as I did not expect to see it drop after this news. Any comment from Simon Thompson would also impact on the SP as would a rec from the PSL or analysis from Trendwatch or SCSW
Re: Trading update The lack of interest in this share shows how off radar it is.7 contracts signed, cash in bank (net cash of £1.7m at H1 18 (H1 17: net debt of (£2.1m) and yet the sp drops.Once the market starts to see this company, just watch it take off big time.
Trading update In line with expectations... read on !!The update contains some very interesting comment on whats going on in the US. Current revenue slated to increase exponentially whilst remaining flat in UK.Sp only going one way as traction is gained in the US!Good luck.TP
Re: ECK - recent price action Nice to see 50+ holding after recent visit to the 30s. All back on track now, look forward to steady rise from here (!!)TP
Re: ECK - recent price action Following the catastrophic fall last September when the news of a change in their pricing structure was announced by Eck the company (or, more accurately, the sp) has shown a recovery which belies the sound business model which has emerged from the melee.With high profit margins and high level of recurring revenues the company has successfully managed the turnaround and the sp is reflecting this. No need for further news, the reason for the sp being where it is is staring you in the face ! )Luck all, TP
Re: ECK - recent price action The accounts look pretty stunning. Only disappointment is the meagre rise in the dividend.Company, on the other hand, looks in redse health, with majestic profit margins and revenue growth which will be the envy of many.TP
Re: ECK - recent price action certainly looks like something is happening. I note that there is mention of "Apple Pay secure payment over the phone" offering in some customer material on the website. I couldn't find much/anything on this since it was announced as a successful PoC last october, maybe/hopefully a deal related to this ?
ECK - recent price action For several weeks now Eck has been making small but steady gains, that more recently have accelerated, without any News or comment from the Company to account for them. And so today 'the journey continues', I note, up again this morning by 1.75p to reach an 'All time High' of 55p, that I recall was seen only briefly once last year. And yet we still do not have an RNS or Announcement, I find it all very strange, as clearly something is going on in the back ground. In my ECK experience of holding long-term I have seen RNS issued towards the end of the trading week and have therefore been expecting to read an announcement.
Re: IC buy Hi BulldogGrrrr,[link] above is an interesting article from the Telegraph.Extract............. Worldpay, known for its portable card machines, agreed a tentative deal to be bought by US rival Vantiv for £7.7bn, a takeover that highlights the growing value of the sector. There were other articles over the last month, but can't recall the companies mentioned, and am short of time to try to find them. Any problems will look later.Regards Pond.
Re: IC buy Out of interest, who are/were the competitors and who did the acquiring ?
Re: IC buy I think it is because ECK are still very much under the radar.Since I bought at 38p on 1st March (one of my better buys) the sp has steadily risen to todays level.When (not if) this company breaks into the investing media by appearing in the more major financials, that is when I expect the sparks to fly.Also of late several competitors of ECK have been bought out as none cash payment methods increase, something else to watch out for.