Ibex Glbl Share Discussion Threads

[boonboon] 21/10/2016 07:21

Lowball offer IMO. Not a lot we can do about it though.

[gilgil13] 20/1/2016 09:01

Hi,

Does anyone know what the reason (or at least stated reason) for IBEX listing in the UK as opposed to the US was?

Seems strange given US HQ and 80-90% of revenue from US.

Thanks

[dasv] 07/12/2015 10:36

Dan - if the market "categorically did not believe" IBEX it wouldn't be trading on 5x FCF, it would be trading at 0x FCF.

I will however look into TRGI.

I think you've answered your own question WRT clients by posting a link which mentions their clients.

You ask "who the hell are these massive clients"?

The article mentions a few clients:-

"IBEX Global provides customer service for AT&T, DirectTV and Apple, according to the complaint."

[dan_the_epic] 05/12/2015 09:19

Partly, but this one is more troubling.

4. Of course, but who the hell are these massive clients where revenue is rising like a rocket ship? and for what..... call centres?!

I suggest you look into TRGI and weird looking related party transactions, all RNSd. The market categorically does not believe IBEX. That is why it trades on 5x FCF

[dasv] 04/12/2015 09:04

5 + 6. Do you mean this ?

Seems like a licensing dispute which was withdrawn:-

"On 31 July 2014, Microsoft Corporation, Microsoft Licensing, GP and the IBEX Subsidiary entered a stipulation of dismissal with prejudice and the Lawsuit was therefore withdrawn. Accordingly, no payment under the Indemnification Agreement was ever invoked and TRGI directly bore all the legal expenses associated with the Lawsuit."

4. Could say the same about OPAY (now PAYS) - reliant on a single client mainly until Skrill acquisition

re allegations/facts - surely allegations are based on facts anyway? So I don't understand why you would draw a distinction.

[dasv] 03/12/2015 12:50

Dan - the CEO resigned in Oct 2014 and stayed until Dec for transition. He was paid $1.375m severance and bonus. You mention plural CEOs leaving. Any other resignations.

What are the other red flags for you?

Cash generation is high. Agree buyback is token.

presumably ex-div today

[a1pappadingdong] 03/12/2015 12:08

DanAfter being in this share a few months, I tend to agree with you. Something not right here. Share buyback of 750 shares at a time? Come on. The massive rise in the summer on no news was also highly suspect.Sold most recently for a small loss. Had a hard time selling the remainder today (my sell was shown as a buy)

[taabo] 03/12/2015 11:13

hxxp://www.morningstar.co.uk/uk/news/AN_1443515588371129900/ibex-global-solutions-triples-dividend-as-annual-profit-surges.aspx

[dan_the_epic] 03/12/2015 10:54

After months of waiting finally managed to open a pretty big short here today. Numbers don't stack up IMO and lots of red flags here with ceos leaving and big severance payments to ridiculous valuation to shareholder risk.

My personal target price is zero pence per share. I formally make no allegations, but see many many red flags. I see the share buyback scheme as a facade.

[imranawan] 03/12/2015 10:50

Anyone know when the divi is paid?

[mickharkins1] 12/10/2015 16:35

I just took a small opening stake today as the share looks good value - fast growing revenues with good operational gearing which should flow through to a strong growth in profits. On top, the dividend yield is impressive at over 7%.

[a1pappadingdong] 29/9/2015 13:22

You have read between the lines of what I was saying very well! It all looked highly suspicious to me.Great fundamentals and growth prospects, backed up by very good results today, an initial sharp rise in the share price......all looking good. But this was followed by 'sells' that were actually 'buys' and 'buys' completely missing.....then a convenient drop in share price.I note this share is MM only as well. HmmmmAnyway, like I say I'll be holding on. This share looks decent value and has great growth prospects IMO.All the best

[referencepoint] 29/9/2015 12:30

A1P, It is certainly not unusual for MM's to influence prices to meet their own needs. If they have a client order to fill at a lower price they can 'influence' weaker PI's to sell cheap.
However, as previously stated it not about what happens on the day, it's the long term prospects that PI's should be concentrating on and in this case they seem to be very bright.

[a1pappadingdong] 29/9/2015 09:58

(Oops hit submit too quickly)I wondered if that was the issue, and it was in one case, but I have 2 buys completely missing as well! I wonder how many other sales are missing? Strange, but as you say it bodes well for the future.Happy with the results, the growth prospects and the fundamentals. I'll be holding on here

[a1pappadingdong] 29/9/2015 09:53

I wondered if that was the issue, and it was in one case, but I have 2 buy

[referencepoint] 29/9/2015 09:15

I have also made additional buys. It seems that ADVFN chooses to regard a transaction between the Bid and Offer price as a Sell irrespective of whether its a buy or sell. That pushes the price down, and other people see a falling price so decide to sell regardless of the fundamentals. Sad really, but all bodes well for the future.
I originally bought in at 69p, so the current 9p annual dividend now equates to a 13% dividend on my original purchase.

[a1pappadingdong] 29/9/2015 08:47

Only showing sells. I've made several buys this morning. Strange...

[a1pappadingdong] 29/9/2015 07:55

Stonking results!

[referencepoint] 10/8/2015 19:15

Excellent write up today on Motley Fool. Hope people take notice of it and we see further price rises.

[imranawan] 10/8/2015 08:12

Receivables looked very high at last interims. Any idea as to why?

[tradermel] 10/8/2015 07:48

That is a mighty interesting RNS, will take a better look at these

[foxman14] 11/6/2015 10:49

mrwhits been away for a few days but have read the article. I was not aware of this however it is not enough of a reason to make me sell given the strong fundamentals. These employee disputes generally get settled given it is in everyones interest to get them resolved amicably.