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#181 Shi

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Posted 16 November 2018 - 10:29 PM

Taking this into account, it does seem like it can be a positive strategic move. Would love to see management buy shares to show some confidence.

 

It would be, but I assume they are in a closed period with interims due next month.


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#182 Trader1

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Posted 16 November 2018 - 04:44 PM

2nd SENS Statement from Ellies for the day and another change to management where the company's secretary has resigned and been replaced.

Will be nice to see some stability soon and get a full time CFO and Chairman on the board. The positions are currently held in the interim while find someone to fill the position permanently.
 


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#183 Trader1

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Posted 16 November 2018 - 04:39 PM

Could he be pushed out under the term "founders syndrome" on 2nd thoughts..he may be reluctant to change....?

Either way their name & retail presence is the stuff of "mom & pop" safety & reliability.

Happy to hold yet don't want any more... 

Taking this into account, it does seem like it can be a positive strategic move. Would love to see management buy shares to show some confidence.


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#184 soutie

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Posted 16 November 2018 - 03:07 PM

Could he be pushed out under the term "founders syndrome" on 2nd thoughts..he may be reluctant to change....?

Either way their name & retail presence is the stuff of "mom & pop" safety & reliability.

Happy to hold yet don't want any more... 


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#185 Trader1

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Posted 16 November 2018 - 02:50 PM

Upper middle management moving into executive not a bad thing here me thinks....not sure if Ellie Salkow will leave in totality...thought he was driving the retail turnaround strategy...? & how much skin in the game does he still hold or are they shareholder loans...? 

 

All part & parcel of the restructure is my guess as to management shuffles...

Remember they splitting the business as per lenders conditions...

Thanks Soutie. I appreciate the insight and what to look out for. Makes sense if it does relate to lenders conditions. However I would imagine that the market would be concerned seeing the pioneer of the company leave when the share price is at it's lowest.


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#186 soutie

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Posted 16 November 2018 - 01:57 PM

Looks like Ellies has retired from Ellies. Lots of movement in management this year and interim replacements. Warning signs?

Upper middle management moving into executive not a bad thing here me thinks....not sure if Ellie Salkow will leave in totality...thought he was driving the retail turnaround strategy...? & how much skin in the game does he still hold or are they shareholder loans...? 

 

All part & parcel of the restructure is my guess as to management shuffles...

Remember they splitting the business as per lenders conditions...


Edited by soutie, 16 November 2018 - 02:00 PM.

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#187 Ms Jet

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Posted 16 November 2018 - 01:57 PM

Need 2 more positive result cycles and then this baby gonna rocket

Thanks


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#188 Trader1

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Posted 16 November 2018 - 12:06 PM

Looks like Ellies has retired from Ellies. Lots of movement in management this year and interim replacements. Warning signs?


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#189 Queen B

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Posted 15 November 2018 - 05:58 PM

Thanks, I read all the various thread..bought these quite a while ago but don't have loads so not too worried...just interested...Ta

Need 2 more positive result cycles and then this baby gonna rocket


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#190 Ms Jet

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Posted 15 November 2018 - 05:41 PM

ELI needs to show Mr Market that it has rid itself of all the power generation loss making businesses pay down the debt associated with said businesses.

Once that is achieved the turn-around plan on the retail\commercial arm needs to generate positive cash flow so that the lenders ( i think Investec largest...???) will relax some of their conditions that are presently choking them.

Always been a bit dodgy on their financials booking profits for inventory that is stored in a warehouse comes to mind....super bloated overdraft facility.

Mentioned elsewhere they making strong inroads towards energy efficient corporate lighting systems...so the less looking over their shoulders the more innovative they can be with their in-house experience & adapt their manufacturing facilities to suit.

Set top box well peops further down this thread know more than I.

Should re-rate to the upside but when...

Yeah I do own some.

My 2c

Cheers.   

Thanks, I read all the various thread..bought these quite a while ago but don't have loads so not too worried...just interested...Ta


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#191 soutie

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Posted 15 November 2018 - 04:37 PM

ELI needs to show Mr Market that it has rid itself of all the power generation loss making businesses pay down the debt associated with said businesses.

Once that is achieved the turn-around plan on the retail\commercial arm needs to generate positive cash flow so that the lenders ( i think Investec largest...???) will relax some of their conditions that are presently choking them.

Always been a bit dodgy on their financials booking profits for inventory that is stored in a warehouse comes to mind....super bloated overdraft facility.

Mentioned elsewhere they making strong inroads towards energy efficient corporate lighting systems...so the less looking over their shoulders the more innovative they can be with their in-house experience & adapt their manufacturing facilities to suit.

Set top box well peops further down this thread know more than I.

Should re-rate to the upside but when...

Yeah I do own some.

My 2c

Cheers.   


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#192 Ms Jet

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Posted 15 November 2018 - 02:59 PM

Hi,

 

What do you see this share going to...I have a few that I may want to sell...Thanks


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#193 Trader1

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Posted 15 November 2018 - 02:07 PM

Do you predict positive results for the interim?

Is the management current make up causing the market to hold Ellies at a discount? New and tempory management causing uncertainty?
 

Interesting fact:
 

Institutional Support for ELI   Sep 2018 quarter   134.43% Jun 2018 quarter   1.47%  
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#194 Trader1

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Posted 14 November 2018 - 01:48 PM

Ellies is my AEG share. At these levels and given the company performance of late I'm willing to take the risk.

Do you predict positive results for the interim?

Is the management current make up causing the market to hold Ellies at a discount? New and tempory management causing uncertainty?
 


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#195 Spell Jammer

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Posted 22 October 2018 - 09:18 AM

Jasco been there and paid my school fees.

 

Bought in about 2006 at +R4.00 per share.  

5 years ago was trading around +-R1.50

Added to that losing trade big ..averaged at R2.50 with intention of jumping out  on any bounce above R2.00

 

Did that to +-R2.20 and sold the lot at a small loss..

 

 

Now trading at +-R.60 c

 

 

Once again looks cheap..

 

But in one of those 70% bracket i mentioned.

Ellies is my AEG share. At these levels and given the company performance of late I'm willing to take the risk.


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#196 Polly

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Posted 21 October 2018 - 11:28 AM

Jasco been there and paid my school fees.

 

Bought in about 2006 at +R4.00 per share.  

5 years ago was trading around +-R1.50

Added to that losing trade big ..averaged at R2.50 with intention of jumping out  on any bounce above R2.00

 

Did that to +-R2.20 and sold the lot at a small loss..

 

 

Now trading at +-R.60 c

 

 

Once again looks cheap..

 

But in one of those 70% bracket i mentioned.


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#197 Spell Jammer

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Posted 21 October 2018 - 09:24 AM

http://www.sharenet....eq=31&scode=JSC

 

dangerous comparison

They suspended their own shares because if releasing an incorrect statement, don't see any Steinhoff type behavior here.


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#198 Lionelza1

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Posted 20 October 2018 - 01:03 PM

Do services industries like this not have higher debt to equity ratios than normal companies? If i compare Ellies to one of its competitors Jasco Holdings, you see a similar trend there?

http://www.sharenet....eq=31&scode=JSC

 

dangerous comparison


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#199 Spell Jammer

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Posted 20 October 2018 - 07:44 AM

Just looked at 2018 financials...Debt to equity stands at 1.44

 

No freebies from Mr market again....

Do services industries like this not have higher debt to equity ratios than normal companies? If i compare Ellies to one of its competitors Jasco Holdings, you see a similar trend there?


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#200 Polly

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Posted 19 October 2018 - 03:41 PM

key to this companys future success is not profit after taxes but positve cash flow  IE is it generating any cash.

 

I havent followed it so have not checked last financials as i keep away from these dodgy companies.

 

 

I know a few years back was flying at over R12.00 and every punter was punting it ...but there was big profit with no positive cash flow....Took a big bang and now 20c

 

So profit figure means kniks and Mr market in all likelyhood still punishing it cos of lack of cash flow..IE survival depends on banks

 

 

But as i said i havent  looked so things could have changed but MR market still not liking the story

 

 

Just looked at 2018 financials...Debt to equity stands at 1.44

 

No freebies from Mr market again....


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