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ILX ILX

8.375
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
ILX LSE:ILX London Ordinary Share GB0033422824 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.375 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

ILX Share Discussion Threads

Showing 4101 to 4122 of 4150 messages
Chat Pages: 166  165  164  163  162  161  160  159  158  157  156  155  Older
DateSubjectAuthorDiscuss
17/9/2013
18:28
I do not have time to look into FIF at the moment, but one difference is that the share price of ILX has already collapsed. It's the reason I bought back in the first place, it is oversold. Most ILX holders are probably sitting on big losses, and its probably also the reason this BB is for the most part very quiet.

I think what we have to decide is do we trust Wayne Bos or not. He is a very successful businessman, and history shows he knows how to build a business. So although I would be more comfortable if we were paying less, I am willing to give him the benefit of doubt, and see what he can achieve.

poombear
17/9/2013
17:35
link to msg brd. for -ve aspects about FIF....

where the excessive price paid for a major acquisition....knocked hell out of the share price ..and of shareholders wealth

the chairman pushed the acquisition thru.....but sold shed loads of his own shares in the deal !!....so he wanted a high price....made him rich

at ILX the MD also wants a high price !!

poombear...you see the similarity

imo the same will happen at ILX if shareholders vote yes




----

and basic idea of buying a co. from a director.....farce imo
that dir. wants the price to be as high as possible
shareholders want the price to be as low as possible

the aims of the dir. and shareholders are opposed !!

smithie6
17/9/2013
14:29
Just getting to the bottom line, I do feel the price ilx will be paying is to much, I think £10-12m woulb be more inline. But that said I think long term the enlarged business will do well.
poombear
17/9/2013
14:06
"the training division only turned over £2.4m for the 3 months March to June"

ie. around 10M for the year

10M turnover for a co. with cap. value around 2.6M...
priced at 1/4qtr of turnover

that is very cheap imo

0.9M op. profit

Cap. value around 3 X op. profit.
If I had the money Id happily buy it........cut costs a little more perhaps...try to get a few sales in USA....obtain cross selling from new acquisition.....reduce over sales staff perhaps...with 1 sales person selling the 2 catalogues...not 2 people selling 1 catalogue each...

and then sell it to Pearson or similar....such as a USA co. seeking to expand in UK and AUZ

or just sit on it...and at 3 times op. profit...Id soon get most of my money back

smithie6
17/9/2013
14:01
eh !!

Bos input......reducing staff numbers by perhaps 10%..because he had put in a large chunk of hard cash so had a massive incentive to quickly get the numbers to be better....and to show that making profits

basically....if you are not really needed to make the profits/sales now...and in short medium term...then redundancy....not so tricky


.and by getting rid of having so many expensive directors in a microcap company (which was nuts , incompete KS and JP ...and the chairman imo ...as we all know)



big deal imo !!

----

seeing that need to concentrate on sales to English mkt......fairly straightforward imo...

very easy to see the sales obtained in other languages.....and if not producing the goods...then cut new investment in it...unless funded from own language profits...

straightforward imo

---
the acquisition of other e-learning company....
a good move...exanding the catalogue of products that sales staff at the 2 companies can both sell

but std. stuff for a director to do

previously ILX had 2 clowns imo....hence they had not done it...

----

prev. accounts were full of waffle about company values.....from KS
been on too many courses perhaps !!

prev. execs. were perhaps managing current situation rather than directing.
since they were imo unskilled as directors.
the ILX graph over X years..downwards..... shows their performance...terrible

but ILX has value....otherwise the new MD would not have put in a wadge of cash....he did it thinking it was a good investment and that he would make money.

If he wants the rest of ILX....imo he can get his wallet out and cough up 20p a share and Ill change my vote from NO to YES !!

----

If vote is YES...imo ILX share price will collapse....same as FIF did after the chairman there did an overly expensive acquisition at 90p....but which helped him get rich...by selling millions of shares in the process !!. The share price ..7 or 8 years later is still not back to 90p !!

Acqusitions where Exec. dirs. or chairman make millions....
...in 99% of cases.....PIs loose money.
imo ILX is just another example.
I urge people to read the msg. brd. "-ve aspects about FIF"
and to consider whether this acquisition is over priced in order to make the MD rich...and shareholders poor !!
..hence I have voted NO.

smithie6
17/9/2013
10:51
Looking at the results, it appears that the training division only turned over £2.4m for the 3 months March to June, if that continues, its likely that by the end of this year elearning will be less the half of the existing business.
My point being that the business has already changed scope in what it does, and the elearning unit will/has become just a part of the business, rather than as it was the business in its entirety.
Without Bos's input, ILX would probably have gone to the wall.

poombear
17/9/2013
10:23
in case anyone is not aware....

there have been at least 2 acquisitions of e-learning companies in last 12 months or so.....bz UK listed cos.

by Adv. Comp. Software
and by IDOX

so
imo e-learning companies have a value and are in demand....

due to expected future growth of the sector...and the usefulness of the technology within bigger IT companies....such as showing clients how to use their main IT products in an easy and quick and cheap per unit method...

smithie6
16/9/2013
17:48
0.9M op. profit.....and this current year it is higher imo

and cap. value of 2,6M according to ADVFN

ratio of less than 3

imo not surprising that the MD wants to get his hands on 85% and complete control of it !...if shareholders vote yes...

smithie6
16/9/2013
16:52
BTW
Ive asked nominee to submit No votes for all resolutions for my shares.

----

However people vote....imo people should vote....one way or the other.

smithie6
16/9/2013
15:33
key things on voting ...as you mention...is how Octupus vote

the MD will I am sure....be extolling the virtues of the acqusition to Octopus ..in order to get them to vote yes.....perhaps in advance of the offer being revealed....

Octopus paid I think 26p per share....and subscribed 1M pnds for new shares....in addition to their previous holding at that time....

at 8p per share....
if I was Octopus....
and about to see my large investment in pounds turn into a negligible % investment in some Auz company.....that I never invested in...and that the MD will have 85% and suddenly my sizeable stake and voice becomes negligible..and that the MD could then de-list the company since will have over 75% as required to de-list..and no voice....in an Auz company that is loss making..while the Octopus stake in ILX is now profitable.....and Octopus is UK based...I assume with no Auz presence..
if I was Octopus I would vote NO
we have to wait to see.....

if I was Octopus....I would say...."I paid over 1M to support ILX....if you want it......put your cash on the table and buy my part....."

and whether PIs bother to vote....often they dont vote....partly due to it being difficult via some nominee sharehholding companies/brokers
----

One cynical part of my mind wonders if the deal is to encourage people to sell in volume.....for friends to pick up ILX shares...and then announce that the deal is shelved due to opposition from Octopus for example....and ILX shares, imo, then rise in price since op. profit is 0,9M in latest 12 months...and imo will be higher in new 12 months period.
---

ILX
one the e-learning companies with largest list of products....
and rapid growth in on-line sales over last few years...
the co. has value imo
for Pearson or various other education/training related companies perhaps USA based ones wanting to expand in UK and AUZ

smithie6
16/9/2013
14:23
Want to read the docs and see who can vote on what. WB should not be allowed to vote on the acquisition as the terms benefit him above all. From what I can see Resolution 1-3 need 50% ( and he cannot vote on Res 2) of votes cast. With his 30% that would take at least 30% on the other side.......Octopus and Webb could provide 23% and could be the backbone of an attempt to restructure this......if they wanted to....
graham1ty
14/9/2013
16:56
btw

if shareholders vote yes that the MDs company takes over the ILX listing....160M new shares....

the MD will go from owning 30% of ILX.....to approx. 85% of ILX

if ILX is worth 6M ...as some of us think now that costs have been cut...0,9M operating profit...so current 3M would be a ratio of just 3....for a co. with one of the biggest list of available e-learning titles after recent acquisition

so ...MD gets 55% more of ILX....at cap. value of 6M that is around 3M pnds worth.

in return for shareholders agreeing (perhaps) to acquiring a loss making company....for 16M pnds....an over priced acquisition in the eyes of some posters on here so far...


imo it is a bad deal for shareholders except the MD....so personally I will be voting NO.
If the deal was modified so that Auz co. paid 20p/ share to acquire ILX....I guess Id agree to that.(or perhaps acq. using 40M shares.....but really Id like to see full accounts for this Auz company....perhaps I would not want to buy it at any price since making large losses)....since dbl the price I paid.....but anyone who paid 20p might not be so keen.

smithie6
13/9/2013
08:07
"I'd love to know what Octopus think of this."

iM THINKING THE SAME

can someone ask them ?
----

anyone want to be active ?

and we e-mail to possible buyers for ILX
and try to sell it

it now has one of the largest list of e-learning courses available...after recent acquisition...

- Pearson
- adv. comp. Software
- IDOX

last 2 both bt. small e- learning companies
might want to expand their product range....and outlets...

smithie6
12/9/2013
21:15
If you haven't already listened to the webcast by Wayne Bos, its worth doing so. May even open the eye's for those that do not really understand what the business does, and where the business is going.
poombear
12/9/2013
16:53
and 85% or something of ILX will be for Progility....operating in Auz


How many small companies operating mainly in Auz are listed in the UK ?

Almost none.

Will new ILX then transfer its listing to Auz ??

or de-list since MD owns 85% ?

Will current ILX shareholders be able to sell their shares on AIM ?.....as many PIs will not want to invest in an Auz company !!

Will UK PIs be able to access any information about how the Auz businesses are performing ?

smithie6
12/9/2013
16:43
shareholder benefit

from owning 100% of current ILX....we will only own around 15% of current ILX.....

imo that is NOT to my benefit....despite the MD saying it is.....imo it is in HIS financial interest since buying a co. he owns....at an over-inflated price


----

I am voting NO

I would propose that
- no acquisition for at least 3 months...to let the ILX share price rise in response to good recent results

- re-consider this acquisition in future
at lower price...and with real financial details about the proposed company to be bought

...perhaps for 40M new shares and not 160M it might be a fair price

smithie6
12/9/2013
16:41
....I am opposed to the acquisition at a price of 160M new shares.....

far too expensive...

and ILX itself...as a % of the combined company.....too small....which under values the current....September monthly profit of ILX...

while I would say that the Wayne Bos has done a fairly solid job of shaking ILX up....cutting costs ...and reducing the cost of the bod.....
and some acquistions

but that was pretty obvious....and widely recommended by various posters on this message board over the last 2 years


....imo I was invested in advance of the improved results....since I expected the numbers to be better...since we knew that the 2 parasitic over paid execs. from before had left...

smithie6
12/9/2013
14:17
ILX Group - Final Results & proposed acquisition of Progility Pty Ltd

Click the link below to listen

sammy_smith
12/9/2013
09:24
20p in the next 12 month maybe, did not have 12 weeks in mind. I don't have a problem with the 10p per share to purchase. My doubt is if Progility is worth £16m.
poombear
12/9/2013
08:36
Synergies

I dont see any

ILX is in the training sector.

NONE of the subsidiaries of the Auz company operate in the training sector.
NONE.

No book of clients that receive training.
No book of clients for Pince2 training.
NO book of clients for classroom training.

The addresses and phone numbers of the clients in mining sector of the Auz co.....for two waz radios etc....are in the phone book......ILX Auz can go and visit them and try to sell to them at any time.....as well as the hundreds of other mining companies....
no need to buy them

if they are not looking to buy training...then they wont
humans buy what they need when they need it...
companies are the same...

cant sell to them what they dont need

as I posted zesterday....a mining truck driving needs a two way radio.....but does not need a Project Management course from ILX !!

and doesnt need a training course for how to operate his walkie talkie. ON/OFF button, channel selector...and press to talk !!
----

VoiP stuff
VoiP is free via the net...
difficult to make enough profit to pay staff costs imo....
Skype etc etc.....people want and/or expect free or minimal costs...

no UK listed companies of any size exist in the sector.
COMS and Synety are 2 that spring to mind.....tiny....at break even or loss making.

---
imo the big company should buy the small one.....Auz co. should offer 6M to buy ILX if it wants the listing.
But it cant since it dont have the cash.

smithie6
12/9/2013
08:27
"Bearcom's activities include:
•the sale of Motorola two-way digital and conventional radio equipment and accessories;"


lets note that in mobile phones ...20 zears ago Nokia and Motorola were the 2 big giants...
now they are NOTHING

imo the same will happen in two way radios.

The market will imo end up being dominated by Samsung, HTC and Haewei
the same as for mobile phones

----

Distribution of two way radios...
is distribution via shops ..from the past...
will customers decide what they need and then buy direct from mfr website ?


Loss making....so not worth buying imo.

smithie6
12/9/2013
08:15
Spaceparallax

u still following ILX ?

have you had a look at the acquisition terms and the accounts
opinions ?

smithie6
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