I expect the costs to remain the same or go higher as doubt KD and others will receive
a bonus for bringing the share price back to about half of what it was a few years ago
Heads down snouts in the trough!
Management have made too many mistakes . Are they capable of a making a dramatic improvement ? Anything is possible , but is it likely?-- Daley and Wilson do not impress me. A dreadful story over the last few years.
Perhaps their " thermometer" will yet prove to be a winner. Having taken profit between 2007 and 2010, I will not invest again.
Elektron Technology (EKT) has maintained that results for the second half of 2014 will be in line with those for the first, despite sales in the third quarter dropping to 11.5 million pounds from 11.8 million pounds in the same period of 2013. The fall was due to weakening demand from European, Asian and Middle Eastern distributors as economic conditions stagnate and stock levels remain high. On the upside, net debt was 2 million pounds lower as at 31st October compared to three months earlier, at 2.7 million pounds. The shares fell by 0.375p to 4.5p.
Current Employee - Staff in Cambridge, East of England, England
I have been working at Elektron Technology full-time (less than an year)
Very strong IT group that fixes all my issues quickly. I am impressed with the hard working and skilled finance department and the efficient methods they use in their daily work. Good people to work with if you do not count the management team.
Company is not well managed. Staff not treated well. Everyone seems to be trying to leave.
Elektron is often summoned to county court for not paying its bills and their is a serous potential court case against the company. I do not like dealing with this kind of stuff and it is not really part of my job.
Advice to Management
Look after your staff. The staff will be the ones who will dig you out of the hole that Elektron is in, so treat them better.
Disapproves of CEO
Tim is Head of Commercial Dispute Resolution at DMH Stallard LLP. He has over 20 years experience in managing commercial; intellectual property and technology disputes and regulatory issues for his clients. He has extensive experience of resolving disputes through the courts and by expert determination, arbitration and mediation.
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Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is done with and we expect the stock to now rise, now that 'he' is out of the way? You'd be wrong in many instances, for 'he' the shorter, is often followed by others that 'help' keep the stock down !
Some stocks fall after GOOD NEWS!
Is it being shorted or normal profit taking?
The underlying reason for many pi's taking early profits, is simply they are afraid they'll be left in paper losses AND because of the fear of shorting !
Once pi's know the stock is being shorted...they'll SELL UP IN THEIR DROVES !
We can't both WIN !
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
Thanks for all your support. We are now at 4,435 votes!
(that's A LOT of irate investors!)
Investors are saying something? They are voting in their thousands !
Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
BE A PART OF IT
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
So, there is the 'catch 22' scenario. No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more). .They're all involved together!
The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated shorting in order to tank the sp to abnormally low levels.
When the campaign is complete, the results will be reviewed by Govt legislators re- further action! The branch of the FSA ie FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either:- an outright ban on short selling, or to be better and more vigorously regulated !
Hedge fund chief, David Serra wants the FCA to investigate 'shorting' practices http://goo.gl/5ZvXAU
"They are obviously being shorted.....?"----Not obvious at all. Many good companies that experienced gains last year have seen profit taking this year .the institutional imperative is at work ( the tendency for fund managers to copy each other )
It is estimated that over 90% of AIM stocks are INFECTED by short-sellers !
# IF you were a short-seller, BLUFFING, (basically manipulating a shares' price) about a company's overvalued share price, you might not want to *draw attention to yourself since you could get accused of stock manipulation. So you would hope (OR PLAN FOR) others to get involved and to present SEEMINGLY GOOD REASONS to short the stock.
You would want to put AS MUCH FEAR INTO 'LONGS' as possible and would use high volume short trading as well as buying to drive the share price down as low as you can and as long as you can. You really want the longs to fold and to get out of the game. If you are consistently seeing sellers overwhelming buyers driving a share price down as a stock seems to be going up, I can assure you it's probably shorts' selling, since longs are totally motivated to sell their shares at the highest possible selling price. #
IT is easier to tank a share price, rather than make it go UP, by short-selling.
RUINOUS to genuine investors.
They may be able to buy in cheap BUT what's the good, if the stock never really recovers?
AND when they have got you all hooked on the 'lovely' new all-time LOW.....They'll SHORT IT AGAIN !
# ChalieHarper - posted on iii
IF a fund owns a large share holding in a firm and is long.... whilst waiting for its end game to materialise, it loans out any number of its shares to a shorter...the shorter then manipulate the share price down making £X amount when short ended.... the shorter then gives the loaned shares back and splits the proceeds 50/50.
They both make cash, probably during a time when not much is happening with the sp. IT's a WIN-WIN for them but BAD news for the pi's who as usual may have sold at a loss because the cash has to come from somewhere. #
# Axo posted on iii...
These are the kind of people that Winnifreth & Co like to associate with. They aren't helping anyone, and they're a part of a growing awful trend where large short positions open a number of weeks BEFORE a DAMNING REPORT is revealed that completely tanks an SP well before the article could even be reasonably digested.
I would posit that Gotham City research hold even less credibility than Edelman, and yet their research note was apparently convincing enough to knock 50% off the QPP SP in under one hour.
No-one of any note would have stumbled across their 74 page smear. Why would they? It was Gotham's 6th piece of research (term used very loosely) and absolutely no-one I have spoken to had ever heard of them. As such, they held zero credibility and had no natural exposure. It was disseminated beforehand with exacting purpose. #
Momentum is gathering pace and this campaign is moving faster than was ever anticipated !
Thanks to all of you that voted and POSTED over the link/s.
# The fact that these e-petitions require 100,000 signatures is not so important. THAT figure is required in order to get the GOVERNMENT to take ACTION!
Our aim is for the FCA to ACT and we believe THEY WILL do so, on LESS votes required by GOVT. We can expect votes only from the financial fraternity. Other e-petition campaigns DRAW votes from the WHOLE population !
12,000 votes is possible and that is our TARGET !
MP and adviser to the GOVT on banking, Davide Serra is lobbying Parliament to ACT ! http://goo.gl/5ZvXAU
HE wants ACTION by the FCA to do SOMETHING !
This campaign could be a useful lever for him to put pressure on the Govt to intervene and either make a ruling themselves, or put pressure on the FCA.
IF the FCA does nothing at all, then in time AIM could be affected badly as inves
A colleague pointed me at the RNS. Never seen one like that. I was never in EKT because when I first looked a few years ago it was being assaulted by this management, and I see now that this company has become the prime example of how not to run a company. I'm really sorry for you holders, I only wish you hadn't been done over like that.
are we surprised at daleys tricks? not a bit
his performance as ever is poor, no regard for all shareholders
only how he can gain control on the cheap
he has nearly destroyed a good little company thru his total incompetence
I hear he plays a musical instrument, god help the audience!
lets hope he has met his match and can be fired asap
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