Idox Share Discussion Threads

[phillis] 12/6/2014 07:47

Operating profit increase y/on/y of 1/3rd

Excellent cash generation
Back on track it seems

[techno20] 01/6/2014 08:19

Interesting background on the turnaround at EIM.......

May 21 2014
Marketing moves at McLaren
AEC, Business/Financial, Collaboration, Marketing, People issues, SaaS, Vendors by Paul Wilkinson
Further to the marketing moves I mentioned in April, McLaren Software has been making more changes to make its engineering information management (EIM) business more responsive to the needs of its different types of customers, appointing news sales and marketing personnel and creating teams dedicated to each of its key markets – on-premise engineering document management, Software-as-a-Service construction project collaboration, and facilities management.
A civil engineer by background, Philippe Michardiere, based in Paris, has been appointed as vice-president of SaaS sales and marketing. He also acts as country manager for McLaren's construction SaaS activities in France, Germany and Poland, having joined the group in 2010 when it was known as CTSpace as a director of its southern Europe and Germany operations. He was previously an Oracle business development manager, and, before that, worked in ebusiness at Capgemini.
The EIM division turned over £19.2m in the year to 31 October 2013, with 51% of those revenues coming from recurring maintenance and SaaS contracts. McLaren is a subsidiary of Idox plc which, until recently, was based in London. It has now relocated its headquarters westwards to Theale, near Reading in Berkshire, and Idox talked about its reorganisation in an 8 May trading update:
The Division (EIM), where revenues have grown by 20% on H1 2013, has been the subject of a root and branch review and comprehensive reorganisation to focus on account management and improved levels of service in its core sectors of oil & gas, infrastructure and utilities. These customers are showing strong demand for our solutions which meet their current needs for improved efficiency and compliance. The first output of this new focus has been the issue of revised product roadmaps as well as improved consultation, to be followed by a major upgrade to the SaaS FusionLive offering, which will be launched in North America in Q3.
Tags: AEC, architecture, Construction, construction collaboration, construction collaboration technology, CTSpace, Engineering, Idox, London, McLaren Software, Philippe Michardiere, SaaS, Software-as-a-ServiceLeave comment
- See more at: hxxp://www.extranetevolution.com/#sthash.pJKnS6hP.dpuf

[techno20] 27/5/2014 22:02

Phillis - still on side lines. Data loss story has gone quiet. Perhaps I was being overly cautious, but the pain of watching the attacks on the likes of globo and blinkx, means I am still happy to have banked a decent profit.

Will keep watching. Currently sitting on 55% cash, so ready to move when the time is right.

GLA.

[rp19] 27/5/2014 20:44

Interim results due 12th June.

[phillis] 27/5/2014 16:40

share price strengthening Techno....

[techno20] 12/5/2014 08:32

Decided to sell this morning.

Concerned regarding coverage of data losses over the last few dayys.Not got time to cut and paste, but search Google and you'll find articles from Daily Mail and Computing mag.


May end up as a non issue, but at minimum it could be reputational damage.

I'm on sidelines until clear.

Gla

Techno

[clocktower] 08/5/2014 15:44

It should not be long before the stock returns to its former highs, upon the full results. The drop in debt says it all.

[rp19] 08/5/2014 12:11

Some positive comments from the Paul Scott blog:

T O C K O P E D I A.com/content/small-cap-value-report-8-may-2014-zioc-ngr-rxb-idox-83213/

[techno20] 08/5/2014 09:30

Positive comments from Techmarketview....


Thursday 08 May 2014
Idox turning the corner
After recent troubles (see Idox pulling through a year of change), Idox, the public sector and engineering-focused software provider, appears to be turning the corner.

An update on the first half of 2014 shows significant improvements, with revenue from continuing operations up 12% vs. a 2% decline last year (see Idox takes big H1 profits hit). Strong cash generation also meant net debt was more than halved to £8.7m on 30 April, from £19.8m in FY13. Investors were pleased with the positive news, pushing Idox's shares up c8%.

Both of Idox's divisions are performing well. Public sector software saw revenue growth of c 8%, driven by an uptake of its managed services offering with five new contract wins, and add-on services to existing customers.

The Engineering Information Management (EIM) division, meanwhile appears to be back on track, with growth of 20%, following a 'comprehensive reorganisation' to focus on account management and improved service into its core markets. We understand EIM is benefitting from sales into big oil refineries needing to cut costs, as well as up-selling across Idox's broader portfolio of software and services.

Idox needs to ensure that this improvement is sustained through H2, in order to put last year's troubles firmly behind it.

[techno20] 08/5/2014 07:33

Positive statement this morning. Just a tad frustrated that they hadn't drip fed the contract wins over the fast few months via their web-site. If they had, I might not have sold a third of my holding a couple of weeks back!

Anyway, pleased to see its on track and the debt has been cut significantly.

Hopefully a blue day.

Techno

[techno20] 07/5/2014 22:29

Looks like a contract win for Leeds County Council. Not huge, but at least shows some business is bing won....even if the company can't be bothered to announce it!



Idox Uniform Support and Maintenance.



Contract award notice

Services

Directive 2004/18/EC
Section I: Contracting authority

I.1)Name, addresses and contact point(s)
Leeds City Council
Civic Hall
For the attention of: Alison Howarth
LS1 1UR Leeds
UNITED KINGDOM
E-mail: [e-mail]

Internet address(es):

General address of the contracting authority:

I.2)Type of the contracting authority
Regional or local authority
I.3)Main activity
Other: Software Support and Maintenance
I.4)Contract award on behalf of other contracting authorities
The contracting authority is purchasing on behalf of other contracting authorities: no
Section II: Object of the contract

II.1)Description
II.1.1)Title attributed to the contract
Idox Uniform Support and Maintenance.
II.1.2)Type of contract and location of works, place of delivery or of performance
Services
Service category No 7: Computer and related services
NUTS code
II.1.3)Information about a framework agreement or a dynamic purchasing system (DPS)
II.1.4)Short description of the contract or purchase(s)
Idox Uniform Support and Maintenance.
II.1.5)Common procurement vocabulary (CPV)
72000000

II.1.6)Information about Government Procurement Agreement (GPA)
The contract is covered by the Government Procurement Agreement (GPA): no
II.2)Total final value of contract(s)
II.2.1)Total final value of contract(s)
Value: 371 832 GBP
Section IV: Procedure

IV.1)Type of procedure
IV.1.1)Type of procedure
Negotiated without a call for competition
Justification for the award of the contract without prior publication of a contract notice in the Official Journal of the European Union (OJEU):
Directive 2004/18/EC
1) Justification for the choice of the negotiated procedure without prior publication of a contract notice in the OJEU in accordance with Directive 2004/18/EC

The works/goods/services can be provided only by a particular tenderer for reasons that are:
technical
IV.2)Award criteria
IV.2.1)Award criteria
IV.2.2)Information about electronic auction
IV.3)Administrative information
IV.3.1)File reference number attributed by the contracting authority
9JEH-7BL3Y5
IV.3.2)Previous publication(s) concerning the same contract
no
Section V: Award of contract

Contract No: 9JEH-9BL3Y5
V.1)Date of contract award decision:
28.4.2014
V.2)Information about offers
Number of offers received: 1
Number of offers received by electronic means: 1
V.3)Name and address of economic operator in favour of whom the contract award decision has been taken
Idox Software Ltd
2nd Floor, Waterside 1310 Arlington Business Park, Theale, Reading, RG7 4SA

V.4)Information on value of contract
V.5)Information about subcontracting
The contract is likely to be sub-contracted: no
Section VI: Complementary information

VI.1)Information about European Union funds
VI.2)Additional information:
VI.3)Procedures for appeal
VI.3.1)Body responsible for appeal procedures
VI.3.2)Lodging of appeals
VI.3.3)Service from which information about the lodging of appeals may be obtained
VI.4)Date of dispatch of this notice:
29.4.2014

[phillis] 28/4/2014 14:51

a dearth of news re new contracts indeed

[tryone2] 30/3/2014 18:56

no matter what you all say it still comes down to the bottom line " Profit" all IDOX appear to be doing is increasing members own shares and forgetting the share holders, when are we going to see some stabilisation of the company share performance, how many new contracts have the directors got on board since the profit warning ?, is it the right time to take or should it be time to make the company grow.

[roger-lawson] 13/3/2014 17:16

In response to the question from cnx, here is the page you need to go to so as to become a member of ShareSoc: hxxp://www.sharesoc.org/membership.html

[2350220] 13/3/2014 16:49

Just want to add my thanks for all the hard work of doing the report of the AGM Roger-Lawson.
I only have a long term SpreadBet on IDOX, but it is still very helpful to have folk devote their time to attending the AGM and bother to do a report for us here.

All the best,
John

[cnx] 06/3/2014 06:05

roger

thanks your report


david

how do I join your group?
do you ask questions on behalf of those unable to attend?
do you produce notes/minutes for those unable to attend?


most unlikely I ever attend...........I don't think my OAP bus pass
covers journeys from northern thailand!

[version5] 03/3/2014 10:22

Phillis - I think you'll find the previous FD's name was EdmOndson not EdmUndson - a silly mistake to make....

[pj 1] 03/3/2014 09:22

Looks like your splitting hairs to me.

Having Money does not stop people being an A.H.

[phillis] 03/3/2014 08:00

Since you asked....
For the record my first purchase was in 2004 ( a tad above 12p)and over the years have spoken two or three times a year with CEO Fraser and/or KC (and Edmundson - that is why I know his name!)
My family's holding was at one stage over 1 million shares but is somewhat less now

In my view you seem to be more interested in in pushing your association and your failure to identify the previous CFO lends support to that view

[rp19] 02/3/2014 22:06

Roger - I very much appreciate your efforts in a putting together a review for the benefit of people, like myself, who could not attend.

[roger-lawson] 02/3/2014 20:31

Phillis: Well I have been a shareholder in the company since 2005 and hence have generated a very handsome return plus have certainly learned a lot about the company and its directors since. Where does your knowledge come from? And perhaps you would care to tell us all how long Kellett-Clarke has been CEO? It's in the Annual Report if you can't remember. And since then the company has of course done multiple acquisitions.

As regards the CEOs bonus this was covered in the meeting but as it clearly related to the prior year and hence I did not perceive it as a big issue, I did not cover it in the summarised version of my report.

Sometimes I wonder why I bother to report meetings with companies when folks who were clearly not there criticise what is reported from apparent ignorance. The fact that you appear to have some grudge against the management or me is no excuse.

[phillis] 02/3/2014 19:04

Roger
Not a critical error of course but it speaks to your in depth knowledge of the business - or lack of it