One of most compelling stocks on AIM
The €8bn BuildTech sector is at the heart of the digital transformation of the vast global construction sector. Providing the glue & ‘digital twins’ that bind all the inter-connected ‘property lifecycle’ parts together – eg CAD/CAM (design), project management, visualisation, AI, asset maintenance (operate) and Building Information Modelling.BuildTech expert Eleco today reported resilient H1’20 sales of £12.2m (-3.9%) and improved operating margins (19.4% vs 16.8% LY), adjusted EBIT (+10.6% at £2.37m) & EPS (+8% to 2.2p) thanks to tight cost control.
This was achieved in challenging conditions and underpinned by 56.9% recurring revenues (maintenance, support & SaaS) vs 53.2% LY. Helping to offset an estimated 5-10% drag (ED) on LFL growth due to the pandemic. Net cash closed June at a healthy £4.4m, worth 5.3p/share, yet total R&D investment still climbed +6.5% to £1.62m.
To us, Eleco possesses all the hallmarks of a high margin, cash generative software business, which serves a host of blue-chip clients across a range of overseas territories with best-in-class technology.
Autodesk is a design software and services company. The company is engaged in 3D design, engineering and entertainment software and services. The company's product offerings include: AutoCAD, which is a customizable and extensible CAD application for design, drafting, detailing, and visualization; AutoCAD Civil 3D, which provides surveying, design, analysis, and documentation solution for civil engineering; CAM Solutions, which is a computer-aided manufacturing software that provides solutions for computer numeric control machining, inspection, and modeling for manufacturing; and Inventor, which provides tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation.
Elecosoft is a provider of integrated software applications and related services to international architectural, engineering and construction marketplaces and property management industries. Co. develops its specialist software through its own development teams in Sweden, Germany and the UK. Co. services its customers directly in its primary markets of Sweden, Germany, Benelux, the U.S and the U.K and indirectly to its non-core markets through a network of channel partners.
Oracle provides products and services that address enterprise information technology (IT) environments. The company's products and services include applications and infrastructure offerings. The company's cloud and license business engages in the sale, marketing and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings; and its cloud license and on-premise license offerings. The company's hardware business provides Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments.
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