Idox Share Discussion Threads

[sussexseagull] 14/12/2016 14:42

Shame us small investors are being diluted. It probably explains why P.Lilley doesn't reply to me (depechedmodem)on Twtr

I've enjoyed recent OO/RI's with MRO/SKS.

Ah well, diluted or not, 100p by Xmas 2017?

[phillis] 14/12/2016 14:36

RL
Agree but if you were a CEO you would not want to have to rely on hundreds of pi s

You could have probably bought in the market this morning at around the placing price as Idox's brokers were obviously in the market yesterday afternoon pushing up the price to 70p

This business gets most of its sales and profit growth from acquisitions
Amortisation of goodwill is therefore a real charge to the P&L so I wish they would stop focussing on Adjusted eps and stick with conventional eps

Of course this has the disadvantage of making the business look fully valued and we dont want that do we!

I have been in this since 10p and although I have topsliced a bit, I remain along for the ride

[roger-lawson] 14/12/2016 10:04

Yes but I am being diluted without the option of taking up shares, at what is likely to be a discount to the previous market share price - at least the reaction of the share price today indicates that!

[clocktower] 14/12/2016 08:55

R-L, If they do as well with this addition as they have with others in the past then it can only be positive in the longer term, or take profits and re-visit.

[clocktower] 14/12/2016 08:55

Double Post error.

[roger-lawson] 14/12/2016 08:50

Really hate the fact that there is no Open Offer for smaller shareholders alongside the placing. Will likely be voting against the Placing therefore. Suggest other investors should do likewise.

[clocktower] 14/12/2016 08:23

Nice sets of results - Bottom line if that the Total Equity is up a lot as well.

[phillis] 14/12/2016 08:10

"It plays to the ...........agenda"

What kind of garbage is that?

[patientcapital] 14/12/2016 07:25

Been buying recently and two good rns today.

[alphabeta4] 12/12/2016 10:59

Results tomorrow. Looking perky today.

[phillis] 17/11/2016 12:09

looks like Jeanesy has given up on investing

[alphabeta4] 31/10/2016 17:22

Don't understand where you're getting that from Jeanesy - the sterling revenue reports in sterling = no change

The foreign revenue coverts back to sterling = higher sterling revenue post sterling depreciation.

[phillis] 31/10/2016 15:40

??????

Pardon



Idox reports in sterling

[jeanesy] 31/10/2016 14:30

But surely then Alphabeta two thirds is uk and therefore overall revenues will be down ?

[alphabeta4] 31/10/2016 14:02

Just had a further thought - one third of the revenue is non-UK here, with the £ down c18% post referendum that's 6% to add to ongoing revenues (and a chunky add to profits too).

[alphabeta4] 24/10/2016 15:34

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.

[jeanesy] 20/10/2016 19:57

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?

[rp19] 19/10/2016 21:37

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.

[jeanesy] 19/10/2016 21:02

Shareprice continues to fall here. Starting to get to an interesting price for me. When are the next results due?

[rp19] 24/9/2016 12:31

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.

[alphabeta4] 22/9/2016 17:58

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.

[rp19] 21/9/2016 14:07

Is anybody kind enough to provide any feedback from the above presentation?

[sussexseagull] 28/8/2016 13:00

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!