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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Idox Plc | IDOX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.40 | 2.17% | 65.80 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 64.00 | 64.00 | 66.20 | 65.80 | 64.40 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 15/7/2022 11:55 by km18 ..from last month...IDOX Plc e Brief Analysis: P/E = 22.1x, below the sector threshold. P/B = 4.22x, higher than information technology threshold P/FCF = 72.6x, above information technology benchmark. EV/BITDA = 15.27, capturing intrinsic value. EPS growth = 26.7%. Operating margin of 13%... ...from WealthOracleAM |
Posted at 23/6/2022 09:34 by trcml I wonder if the recent grant of share options exercisable at £1.20 is a stunt designed to deter existing shareholders from selling and encourage new investors o buy by thinking the share price would at least reach that level. In the recent results, CEO mentions acquisition opportunities which rather implies that without add-ons the potential for organic growth such as it is is limited. |
Posted at 08/7/2021 14:13 by strollingmolby Still getting some coverage here - spotted this on Idox's LinkedIn page today, a Growth Company Investor piece following an interview with David Meaden. The full GCI article that is linked is behind a paywall but this text has been published by Idox:Earlier this year, our CEO David Meaden sat down with Growth Company Investor to talk about our business. The article gives an insight into our public sector software focused growth strategy, from the acquisition of Aligned Assets to the changes we’ve been making in recent months as well as an outlook on the future of our business. This extract covers some of the highlights with the full piece available to read here. The business Idox now has a strong, focused position in public sector software which accounts for over 80% of group revenue. The company’s products mainly address document process management and statutory compliance requirements for local authority clients and the NHS. Over 90% of UK local authorities take one or more products which fit into seven categories. Property-related software includes planning consent, building control, land charges, and address management. In public protection, Idox software supports environmental health, licensing and trading standards. There are tools to support the delivery of social care and disability services, grant and funding programmes, facilities management, traffic management, and electoral services. Management and finances A key element of the story concerns the recent changes in management and strategy. CEO David Meaden joined the company in June 2018 after a long career at Northgate Information Solutions and set about restructuring a business that had lost its way. Idox had grown by making acquisitions that had not been integrated, so there was no value created from them being in the same group structure. It meant the business was overly complicated and some of the deals had not gone well. Meaden identified Idox’s core strength as its public sector expertise and its ability to solve these clients’ problems through software products. Given the commonality of the client base, this software can be sold to many customers with minimal customisation. So the strategy has been to simplify, dispose of the peripheral digital and content businesses, and focus on software provision. Valuation and outlook We were impressed with David Meaden and the restructuring element of the Idox story when we spoke to him in February. Our intention was to write the stock up as a new recommendation that month, only for the aborted bid to send the stock above a sensible buying range. The shares were trading in the mid-50s pre-bid and are now in the mid-60s; so the valuation has risen but does not look too demanding for a software business with improving operational trends and a clear growth strategy. We also like companies that have received a bid – if it happens once it can happen again. Acquisitions form an important part of the story, but management appears to have put the right structure in place to integrate these and they should be coherent bolt-on deals which have a clear fit with the business. Meaden talks of the SaaS ‘rule of 40’ which defines successful companies as those with a growth rate plus ebitda margin of 40 or above. With a 5% growth rate (plus bolt-ons acquired for cash) and an ebitda margin now moving into the 35% area, Idox looks well placed. |
Posted at 11/12/2020 10:55 by catch007 When the dividend is reinstated and confirmed in the results I anticipate this will act as a catalyst to push the share price north. Whilst it would be very nice to hit 75p the stock needs to gain traction and my target for March is a bit more modest of 60p - a good hold for the patient investor at present imho. |
Posted at 25/7/2018 08:23 by 110543407 Interesting results. Interesting because rather than tucking away losses under goodwill or intangibles, they are being impaired. By far the main impairment comes from the acquisition of 6PM. These results show the reality that has been known for quite a while. Why did it take so long to be correctly revealed? Hopefully under the new leadership, many unanswered questions regarding 6PM will be addressed. This is the only path that Idox can take to re-build confidence and trust in investors. |
Posted at 01/3/2018 10:40 by phillis Serious (would be) investors should read the Auditors Report |
Posted at 04/1/2018 10:32 by smithie6 Kestrela fairly clued up investor....Jersey office I think...has big stakes in various companies they like --- some pull back is very normal after big % rise from 27p phps now it will start next leg upwards...over a few days..(I cant see it going down much from here...so hopefully up is only other option) |
Posted at 20/12/2017 13:16 by trcml This morning added, average share price now 39.5p but I stand to make a few bob if/as and when the share price goes up by around 10%imo IDOX is a solid company with a good reputation and steady and growing recurring revenue. For me, there are two types of company: one type is a giood business but not a good investment, the other is a good business and a good investment. Idox fulfils my criteria for the latter. Unfortunately, tip sheets having stimulated private investor interest and fuelled demand for shares such that the pe was around 23 which in my view was far too high and needed careful monitoring to avoid getting caught out. As for this latest turn of events, I'm not into reading too much into accounts (mainly because I don’t understand the jargon let alone what I’m supposed to be looking for, but I reckon that this is probably just an accounting hiccup. Just because lots of private investors are running scared and getting out doesn't mean that IDOX itself is in deep trouble. As for Smithie6 raking over the pieces in the hope of finding something to persuade him/her to buy, good luck with that but it doesn't mean anyone else should have to think as S does. And if when the figures are released in Feb S is proved right then good for him. But whatever the figures I don't think this turn of events marks the end of Idox. On the contrary, tidying up the accounts and figures should make Idox stronger |
Posted at 18/12/2017 17:53 by clocktower Smithie6,"And surely many staff will have kids in local schools or girlfriends...or wives with local jobs and hence some good staff might refuse to move and will be lost , no ?" You say! - well business does not give a fig for staffs kids or girlfriends or wives, business must be ruthless unless it is own privately by a philanthropist. If it is not run that way, then the BOD should be replaced, they are not appointed to take care of the local community, and are funded by investors that want a return on their investment, so they may choose who to support once the government have taken a share. |
Posted at 18/12/2017 11:26 by trcml Having done rather well over the years from buying and selling shares in Idox, I have topped up at what I regard as particularly generous and artificially low buying prices. I probably should've waited before bargain hunting because my average bp is now showing a hefty paper loss but I reckon that's a reflection of the second of the two factors.It seems to me there are two factors to consider. Firstly, neither the first or this second so-called profit warning are suggesting that the revenue has not been received; only that the revenue ought not be credited to the year end accounting period.If that's right then the revenue should fall into the next accounting period. The second factor concerns investment psychology. Dealings in IDOX are via market-makers. As I understand, MMs increase the offer price to deter buyers and reduce the bid price to deter sellers. However, the impression conveyed when the share price goes up is that if we don't buy now then likely we'd have to pay more in future so we pile in now whereupon the MM puts the price up again. And so on. The same principle applies in reverse. By lowering the sp, MMs are wanting to deter sellers but the more we investors see the share price falling the more we want to get out before the share price drops any further. And so on. Even if my understanding is not entirely correct, plenty of time has elapsed since the first and now this second so-called profit warning for the major shareholders to have either increased or reduced their holdings yet, so far, there has been no disclosure announcements. Which rather suggests, at least to me, that those shareholders close to the coal-face are not especially bothered! |
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