Idox Share Discussion Threads

[marben100] 11/9/2013 09:55

Year end is 31st October. I expect a trading update early in November.

Last year's preliminary results were 12th December.

Cheers,

Mark
Twitter @marben100

[nw99] 11/9/2013 08:10

When are the results due please ?

[phillis] 06/9/2013 08:10

Techno
well spotted
the reason why no RNS might be that there may be other contract(s) to announce simultaneously

[phillis] 05/9/2013 15:24

IDOX (IDOX):

Unfortunately, it is not always the case that being early to a potential bargain-hunting situation reaps the kind of rewards that traders are looking for. However, in the wake of the latest rebound off a falling May price channel floor at 30p/May uptrend line in the RSI oscillator window, it would appear that we have a bullish divergence buy signal at IDOX. Indeed, it would appear that there is little reason even to wait for further confirmation such as an end of day close back above former June support at 33.5p. On this basis, the minimum on the upside should be a retest of June resistance at 40p plus as soon as the end of September. Only a weekly close back below 30p would even begin to suggest that this is not a bottom fishing opportunity of significant potential.

[m1das_touch] 05/9/2013 14:24

You're right marben100, tipped in Shares Mag, but only subscribers can read the full article online:

[marben100] 05/9/2013 13:12

Seems to have been tipped in Shares Mag - but I don't have the article.

[m1das_touch] 05/9/2013 09:55

Thanks for replies, seems like others have similar thoughts, quite a lot of buying at these levels

I decided to get back in at 31p, happy to wait for a recovery & re-rating even if price drops further short-term. I feel quietly confident that IDOX management will come good given time.

[techno20] 04/9/2013 20:12

Hi Aishah et al,

I've been out of idox for 18 months, but bought back in earlier today at just north of 31p.

The last time I sold I did so far too early in hindsight, but had also bought heavily at sub 10p, so was very happy at the time.

I concur with the comments above - this has not suddenly become a poorly managed business, albeit they've had some recent set-backs. There are several new deals announced on the website recently in local gov't and plenty of new developments on the product proposition, which should help support a return to growth.

I suspect this won't happen overnight, but take a 12 months+ view and I'm pretty sure idox will deliver for pi's again.

Nice uptick this afternoon.

GLA

Techno.

[aishah] 04/9/2013 12:00

Been a long term holder since 7.5p. I am also thinking of topping up having cleared out most of mine much higher up. Delayed contracts should come through in the 2nd half. Public sector division trying to diversify away from UK too.

Consensus forecasts are:
2013: eps=3.29, eps growth=29%, per=9.26
2014: eps=4.10, eps growth=24%, per=7.44

[m1das_touch] 04/9/2013 11:28

I'm thinking this might be a good time to get back into IDOX. I was a holder from 16p right up to 57p, but felt back in February after an amazing run that it was starting to look fully valued. I got stopped out on my final tranche at 57p and wondered if I might miss out on an extended bull run...but as it turned out this was a point of major reversal.

What I'm convinced of is that IDOX hasn't suddenly become a bad company - the management have an excellent track record and even if perhaps the rapid growth and delayed contracts have caused some problems recently, I believe that they're competent enough to turn things around.

So perhaps this is a good re-entry point for a long-term gain...any views?

[kendonagasaki] 04/9/2013 10:52

39 day holding pattern has crossed with the downward momentum much sooner then I thought.Charting indication is at 27p next trading range.If second half contractual delays have been hindered then we will really see a slide in the sp!

[welsheagle] 03/9/2013 19:56

Profit taking, and drop in confidence due to resignations.

[marben100] 02/9/2013 19:53

Hi Nigel,

Just to clarify, the 9.8 P/E is the forecast for FY2013 (ending 31st October), as reported by S t o c k o p e d i a.

Cheers,

Mark

[kendonagasaki] 02/9/2013 09:15

I'm just concerned that the enivitable delays caused by not having a CFO at the helm will indeed hinder forthcoming second half revenue. I see this charting at mid 24-26p range within the next trading range.

[jeanesy2] 29/8/2013 19:05

Lack of contract news is the driver of why these have fallen imo.If news arrives they will recover strongly imo, if not then a profit warning may well happen.

[gnnmartin] 29/8/2013 16:42

I don't expect recovery in the near future. I rather expect them to level out sometime, and then bounce around a bit before starting a steady climb, but it is not beyond imagining that they sink to mid 20s. Worth holding by someone who wants to buy something that has a good chance of growing steadily over 15+ years and more. In other words, good for a pension fund.

[rathlindri] 29/8/2013 12:05

Nigel, difficult to agree with your sentiment that these are "well worth holding" when we have witnessed a near 50% fall in share price since early February peak. Do you see any chance of a recovery here in the near future?

edit: and plumbing new 12 month lows today

[gnnmartin] 29/8/2013 11:48

marben, your "P/E of 9.8" made me look again at the accounts, and I think that is a bit misleading. It is an price to adjusted profits ratio, which only really has merit to the extent that one believes the amortisation is unrealistically severe, the impairments are genuinely one off, and I can't see any logic at all to taking out the cost of options (which are in effect part of salaries). I am also not sure that adding back to profits the money set aside but not paid for the Opt2vote acquisition is not a bit misleading. I don't think it was set aside out of profits, so it shouldn't be added back into profits when it is not paid. And anyhow, it presumably means that Opt2vote did not perform as well as hoped, so it is bad news looking like good news.

That said, I think Idox well worth holding, and I was impressed by the CEO when he presented to the Mello dinner some time ago. I shall continue to hold. I note an interesting but probably irrelevant parallel between the share price movement of Idox and that of Kofax. Idox seems to echo Kofax but about 2 years behind. Although I hold, I'm quite pleased that the share price is weak, since I think that long term they are probably worth accumulating and it is always nice to feel there is something worth buying when the cash comes available.
Nigel Martin

[gnnmartin] 29/8/2013 11:05

The world of finance still seems wedded to cheques. Dividend cheques are the norm, and share placings, rights issues, warrants, open offers, all require individuals to pay by cheque. Annoying: recently our bank bounced a cheque written in subscription for an open offer because they did not think the signature looked enough like the specimen signature on file. :-(
Nigel Martin

[b1ggles] 28/8/2013 16:57

It seems that Barclays cheque has been delayed/lost in the post.

Post? I remember that in the Old Days. Nobody uses it now. Or cheques.

[marben100] 27/8/2013 18:04

Got my divvy, via SIPPDeal, on 21st August.

I was happy to add to my IDOX holding in the wake of the selloff on 14th August.

This statement in the interims gives me sufficient confidence:

"All of the divisions have increased their qualified order pipelines in the first half of the year and have an encouraging backlog of orders and professional services work. This gives us confidence for a much improved second half and the Board confirms expectations for the full year."

"Expectations for the full year" are for substantial profits and EPS growth, which would make the shares look rather cheap on a 2013 P/E of 9.8.

Cheers,

Mark