Elecosoft Public Limited Company (ELCO)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 110.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 119.00
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 83.26m
  • Volume: 21,100
  • Market Cap: £92.00m
  • RiskGrade: 176

Eleco acquires Vertical Digital companies

By Iain Gilbert

Date: Tuesday 16 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Software provider Eleco has acquired the Vertical Digital group of companies in a deal worth as much as €1.55m.
Eleco will purchase Vertical Digital and Sons of Coding for an initial consideration of €1.3m, financed from internal cash resources, with the agreement also including a cumulative potential deferred and contingent earn out of a maximum total of €250,000.

The AIM-listed group stated the acquisition would add critical capabilities to Eleco, including the ability to service and scale its customers by connecting systems and providing technical consulting, increasing its product breadth and focus on customer centricity.

Eleco added that the acquisition will also provide for elastic augmentation of its internal research and development capacity, which it said will "further improve product time to value".

Chief executive Jonathan Hunter said: "We are impressed with the calibre of customers that Vertical Digital have serviced and the experience and talent of our new colleagues.

"Vertical Digital expands Eleco's capabilities and increases the opportunities available to the Group and we look forward to the future with confidence."

As of 1010 BST, Eleco shares were down 0.92% at 95.12p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ELCO Market Data

Currency UK Pounds
Share Price 110.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 119.00
52 Week Low 75.00
Volume 21,100
Shares Issued 83.26m
Market Cap £92.00m
RiskGrade 176

ELCO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.08% below the market average99.08% below the market average99.08% below the market average99.08% below the market average99.08% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
91.39% above the market average91.39% above the market average91.39% above the market average91.39% above the market average91.39% above the market average
90.24% above the sector average90.24% above the sector average90.24% above the sector average90.24% above the sector average90.24% above the sector average
Income
97.2% below the market average97.2% below the market average97.2% below the market average97.2% below the market average97.2% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
63.92% below the market average63.92% below the market average63.92% below the market average63.92% below the market average63.92% below the market average
46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average46.34% below the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 1
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ELCO Dividends

  Latest Previous
  Final Interim
Ex-Div 13-Jun-24 21-Sep-23
Paid 28-Jun-24 06-Oct-23
Amount 0.55p 0.25p

Trades for 24-Jun-2024

Time Volume / Share Price
10:53 7,000 @ 109.00p
10:25 9,100 @ 109.88p
09:55 5,000 @ 109.00p

ELCO Key Personnel

CEO Jonathan Albert Hunter
CFO Neil Pritchard

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