Eckoh (ECK)

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58.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 61.50
  • 52 Week Low: 33.25
  • Currency: UK Pounds
  • Shares Issued: 255.35m
  • Volume: 52,837
  • Market Cap: £149.38m
  • RiskGrade: 130

Eckoh swings to profit as US operations shine

By Duncan Ferris

Date: Tuesday 19 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Eckoh on Tuesday swung to an interim profit after strong revenue growth was driven by new business wins on the other side of the Atlantic.
The secure payment technology firm booked a profit before tax of £2.6m for the six months ended 30 September, compared with a loss of £0.2m in the same period last year, as revenue jumped by 37% to £18.0m.

The AIM traded company said this was due to a 104% surge in US turnover to £7.5m, following growth in all stateside channels and a £3.8m contract win from its Coral business.

Meanwhile, the larger UK division saw sales grow by 11% to £8.8m, driven higher by the deployment of new business and higher transactional volumes from the company's major clients.

Gross margins declined from 84% to 79% after the US business was impacted by the sale of the Coral licences, though Eckoh said it expected its product portfolio to be enhanced even faster and at higher margins following innovation initiatives.

Chief executive Nik Philpot said: "In the US we continue to benefit from our market leading position in secure payments, with revenues doubling, a record order book, and an increasing number of large enterprises successfully deployed. We expect attractive macro drivers to support future growth, as corporates face significant risks and costs if they do not comply with tougher regulations.

"Our strong first half, excellent revenue visibility and ongoing investment in our market-leading products, provides a robust platform for the full year outturn and reinforces our confidence in the positive long-term outlook for the group."

Eckoh shares were up by 2.04% at 49.49p at 1507 GMT.

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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.

 

Eckoh Market Data

Currency UK Pounds
Share Price 58.50p
Change Today -0.50p
% Change -0.85 %
52 Week High 61.50
52 Week Low 33.25
Volume 52,837
Shares Issued 255.35m
Market Cap £149.38m
RiskGrade 130

Eckoh Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.21% below the market average77.21% below the market average77.21% below the market average77.21% below the market average77.21% below the market average
60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average
Price Trend
85.90% above the market average85.90% above the market average85.90% above the market average85.90% above the market average85.90% 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
99.6% below the market average99.6% below the market average99.6% below the market average99.6% below the market average99.6% 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
84.39% below the market average84.39% below the market average84.39% below the market average84.39% below the market average84.39% below the market average
94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average94.74% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Eckoh Dividends

  Latest Previous
  Final Final
Ex-Div 26-Sep-19 27-Sep-18
Paid 25-Oct-19 26-Oct-18
Amount 0.61p 0.55p

Trades for 29-Jan-2020

Time Volume / Share Price
16:33 50,000 @ 58.00p
16:07 4,041 @ 58.25p
16:01 8,784 @ 58.50p
15:48 1,177 @ 58.50p
15:40 1,500 @ 58.50p

Eckoh Key Personnel

CEO Nicolas B Philpot
CFO Chrissie Herbert

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