http://uk.advfn.com/news/UKREG/2015/article/69258952
The company has secured
Nik Philpot, CEO of Eckoh, commented:
"I am delighted to announce this major new contract for our Haloh payment solution. Our payment clients' key goal is to protect their customer data without compromising customer experience. With recent high-profile data breaches highlighting the significant risks organisations take if they do not secure data
It would appear to me that Eckoh are in the right place at the right time. It's a company that I mentioned only recently:-
http://michae1mouse.blogspot.co.uk/2015/09/eckohs-of-my-own-investing-strategy.html
What's the current investment case for Eckoh though?
Clearly the company looks like it will continue to grow for some time to come, and for momentum traders there is a good chance that the share price will break out this morning and reach new highs? We shall see.
On fundamentals, the valuation looks a little rich for me with the forward p/e ratios for 2016 and 2017 at 36 and 27 respectively. However, further contract wins and broker upgrades may bring these figures down considerably of course.
The balance sheet is sound with modest debt, and the company pays a small dividend. The company is cash generative.
Interesting company to research further, but I won't be investing at the current price.
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