||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Idox Share Discussion Threads
Showing 4176 to 4195 of 4200 messages
|I suspect investors are being cautious about public sector purchasing post the referendum. If so this is probably overblown in my opinion given that Idox has nearly 90% recurring revenue. From the interims:
'89% (2015: 88%) of Idox's half year revenues were derived from recurring contracts with customers and from repeat customers from whom the Group had derived revenues in the same period last year; this gives the Group significant revenue visibility and is evidence of Idox's strong relationships and focus on customer service.'
Should there be further public sector spending constraints (unlikely IMHO seeing as there is likely to be some loosening in public spending) Idox has also flagged that this has played into it's hands to date:
'Public sector spending constraints continue to drive this market to consider new and innovative ways of doing things as well as encouraging further consolidation around core domain expert suppliers.'
Finally, the half year flagged posting results 'at least' in line with expectations. Since then Idox has announced two acquisitions and we know it has an excellent track record over the years of integrating these well and then leveraging their existing dominance within local government to win further business (I saw a presentation of theirs back on 7th September and they have a 58% share of planning, 54% building control, 39% environmental health, 72% licensing). Effectively new holders at c61p are getting these earnings upgrades for free.
There was a pre close trading statement on 17th November last year. I've used 60p as a decent base to add ahead of these but this is just my opinion, I hope this helps but please DYOR.|
|The price always seems to drop in the late afternoon session atmo after a slight rise in the morning.. all seems very strange. price is getting to a point to tempt me , but im not confident that i might be trying to catch a falling knife. Anyone know why it has fallen so much?|
|Trading statement usually mid November, finals normally mid December. Half year results in June stated confident of at least meeting market expectations for the full year.|
|Shareprice continues to fall here. Starting to get to an interesting price for me. When are the next results due?|
|Thank you for the information, much appreciated. Positive that there is potential for the £100m revenue target to be achieved early. They have excellent local government coverage. I am hopeful that when energy markets improve, a bigger role for the EIM side of the business will emerge. In the meantime, as per the last results, they've strimmed it back a fair bit, but performance and margins are growing. I am interested to see how the most recent aquisition will allow them to deliver services to private sector markets outside of the EIM arena.|
|RP19 - when I went I think Davidosh mentioned that they were filming the presentations so that may be the best bet. I've got quite a lot of notes, suffice to say the CEO came across well and you could see that they have done very well of growing their share of revenue within key local government areas using acquisitions to take advantage of their strong market presence. One key point was he expected the £100m revenue had a good chance of being achieved a year early. He advised when they went into EIM at the time it was viewed as a way of diversifying but the plan is to leave that as is in a much scaled back state which has helped derisk the business.
If I get the chance I will expand further but hopefully this gives a good starting point.|
|Is anybody kind enough to provide any feedback from the above presentation?|
|Hi all. It's scary to think my last post on here (1980) was 4yrs ago (40p) when I predicted '100p by Xmas - insert year of choice' Well, we're getting there! 2016/17 perhaps?
Hang in there!|
|Information/data and its management is key to the majority, if not all, of businesses. The public sector is ground well covered and whilst EIM provides some private sector exposure, hopefully the aquisition will provide new avenues to deliver data management services to other private sector organisations. No nothing of the acquired company itself but Liverpool fc, Everton fc and wetherspoons are clients of a noteworthy scale and in my opinion are likely to benefit from some of idox's services if they can be successfully engaged.|
|Update from Singers:
"Idox announced the acquisition of Rippleffect, one of the UK’s top digital agencies. This follows on from last month’s acquisition of Open Objects, a provider of digital services for public sector specialising in social care and health. These two bolt-ons extend the group’s digital capability across all its domains and sectors and significantly boosts its presence in social care where there are opportunities for wider cross-selling. Our FY’16 EPS (YE Oct) is unchanged but further underpinned whilst we upgrade EPS in FY’17 and FY’18 by 6% and 4%. We believe Idox is experiencing positive momentum across its diversified markets and its EV/EBITDA cal’17 rating of 10.6x remains attractive."
Taken from Research Tree|
|well on the way to the £100m target with rippleeffect|
|strange choice of target company|
|By the way there are some big trades still going on today, makes me wonder of the institutions are still adding to their positions.|
|Personally I think the low dividend is to rip through paying down the debt - nearly £10m has gone in 6 months and on current run rate it's less than 9 months from going completely. Current analyst forecasts don't take into account future acquisitions as it's hard to predict the exact timing and size of these but seeing as the last was in October and it keeps getting mentioned on the updates it wouldn't be a great surprise to see one shortly.
IMHO this will be the big driver of an increase in the share price with the potential to beat expectations (they keep referring to 'at least' on the statements) a sort of added bonus. I note from the technicals the long standing 60p previous high has now gone which can often lead to a decent break upwards with hopefully 60p being a floor if required.
All looks pretty good to me so bought some at 62.75p yesterday.|
|Good results again but more than fair value now imo. DYOR.|
|the share price graph tells the story well enough|
|you're not a Leicester City fan, are you abarclay?
"Yes we won the league, but we didn't win the fairplay award :-("
Results are very strong -and medium term plans to increase revenue to 100m while maintaining margins. This suggests FY profits increasing from c10m to c25m in the next couple of years.
EPS up 26% and divi up 8%. keeping the powder dry for more acquisitions or a new divi policy? Current yield is poor, but divi covered over 5x by earnings, giving a lot of upside scope for future increases.|
|organic growth looks pedestrian 5%|
|Have top sliced but on the basis of these results will let the rest ride
Looking very strong going forward|
|Well done Phillis but it might be a good time for you to take most of those profits before the directors cash in maybe.|