Ide Share Discussion Threads

[dave4545] 29/9/2021 13:16

I caused that spike, decided seeing as it's been a excellent week decided to gamble a few more ahead of tomorrow. Very hard to buy. 150k max took that, then a couple of 50k max online and bang that was it.

[p1nkfish] 29/9/2021 12:45

If they show Managed solo and what they are ditching selling Connect, with an appropriate forward look, this is not bad even allowing for the liability to shareholder. It has prospects if management continue in the recent vein.

[gaz125] 29/9/2021 12:39

missed that, thanks p1nkfish.

[dave4545] 29/9/2021 12:33

0.811-0.8975p

mm's taking no chances either way ahead of results

[p1nkfish] 29/9/2021 12:14

It was paid down via shareholder warrants etc. I dont see how that can transfer. Look at latest results.

[gaz125] 29/9/2021 12:12

At the end of 2019 IDE Group Connect Ltd had £12m of Group debt on the balance sheet. Let's hope this goes with the sale.

[agedman] 29/9/2021 11:48

These long term contracts make the Manage business very attractive / fit;-)

[agedman] 29/9/2021 11:42

If the market wakes up and realises this is absurdly undervalued coupled with how few in free float I think it's entirely possible.

[dave4545] 29/9/2021 11:39

:-))

Do not recall a stock rising 200-300% on results AgedMan so perhaps a little on the optomistic size, knowing IDE it will close unchanged or down but hoping for the best.

[agedman] 29/9/2021 11:23

And if there is a broker note tomorrow then this could well open at 1.5p.

[agedman] 29/9/2021 11:22

3p by close of play tomorrow. My target is 8p within a year.

[p1nkfish] 29/9/2021 11:12

I think the liability to shareholder is Group Liability (parent) and unlikely split out. There is no other debt to external bodies.

I cant see how Connect can be sold carrying any of that.

[dave4545] 29/9/2021 10:30

I'm more excited on the disposal, if the buyer takes on a chunk of Ide's debt with the deal I'll buy millions more.

We know the other business is trading really well, it's just the liabilities that need reducing.

[na_bmth] 29/9/2021 10:09

Everyone excited for the results tomorrow?

[agedman] 29/9/2021 09:32

With the contract expansion announced in Jan and perhaps others we are yet to hear about, we could well see 18-20m of revenue for Manage. This could look very cheap tomorrow.

[dave4545] 28/9/2021 21:19

Very useful

Connect had £13 mil of sales so if they are selling it for 250k then one would assume the buyer is also taking a good chunk of liabilities with it.

Leaving the other side of the business which according to IDE is doing really well, making lots of profits and generating lots of cash.

Could be a nice recovery play if all works out.

Suppose we can just wait until the 30th and see if they announce the disposal with results etc etc

[p1nkfish] 28/9/2021 14:16

The runt left over does look a useful business.

[p1nkfish] 28/9/2021 14:16

How much are the specific Connect liabilities and in what form?
They should take it on with all associated elements, possibly including the losses to use??

[dave4545] 28/9/2021 13:40

Wonder how much of their liabilities will the buyer of connect be taking on board ?

[dave4545] 28/9/2021 13:08

Sounds promising, perhaps those not wanting to gamble the house will wait until results on the 30th and if they show promise will be happy to pay the premium knowing it's a safer bet.

[p1nkfish] 28/9/2021 12:38

39%+ gpm on Manage likely this year.
Revenue should be ahead of 2020 by looks of it and so > 11.7M.
Adjusted EBITDA likley > 2.1M (a chance decently higher) on 4M Market Cap.
There is the debt to key shareholders to consider and address - a pain.
Some potential.

[p1nkfish] 28/9/2021 12:26

Now Manage will show clear margin and revenue growth.
The dead weight will be gone.

[p1nkfish] 28/9/2021 12:14

About time. A drag will be dropped and the rest can be trimmed and made ready to deliver.

Better than a kick in the balls.

[dave4545] 28/9/2021 11:49

Snap agree velvetide

[velvetide] 28/9/2021 11:47

Sale of Connect on the cards, good news due to its drain on profits and resources.