Ide Share Discussion Threads

[p1nkfish] 21/10/2021 12:21

I don't see a better way out than a sale of the Managed side, whatever they say about possible accretive acquisitions. It could be quick and result in payoff to all concerned. Issue is now the sales process to cloudcoco with the loan out of IDE to them, adds complication.

Obviously revenue now falls but it is a false comfort blanket if it didn't deliver free cashflow and profit - best ditched.

[agedman] 21/10/2021 11:42

You were right Pfish. Strange for it not to be on IDE's announcement as well!Maybe the deal has been done in haste so that the remaining business can be prepped for sale - as you alluded to.

[p1nkfish] 21/10/2021 09:03

I think there was a mention in the cloudcoco release if I remember correctly.

[agedman] 21/10/2021 08:48

I would imagine there has been a bit of symbiotic back scratching. i.e We'll let you take the Connect business and run with it (to MXC) on the proviso that there is far less costly debt for IDE. Even still, I can't understand how there was no mention of related parties etc in yesterday's announcements.

[dave4545] 21/10/2021 08:42

Weird, Ide gets rid of a business that is a drag on profits, loses money etc etc and no reaction

And the company they sell it too CLCO is flying and everybody holding that sees it as great news.

[deekers] 20/10/2021 15:26

You couldn't make that up, nice job MXC

[dave4545] 20/10/2021 11:31

Should have announced it was loss making, struggling, needs to raise money and considering going into blockchain and it would be up 200% today.

Funny old market, mind you it's just half a day. If you tell me in 6 months time I'll get 3p+ for these I'll gladly wait and take it.

[agedman] 20/10/2021 08:52

you may well be right p1nkfish - the Atos contract was a massive coup for IDE and probably even more valuable to a bigger player.
it would have to be around 10p for a complete return for MXC and Kestrel, me thinks.

[p1nkfish] 20/10/2021 08:28

My take is, for all the talk, the remaining IDE Managed Services will be sold for a tidy uptick to a larger group. It is growing, profitable and MXC will.want an exit and Kestrel.get a return on their equity.

[p1nkfish] 20/10/2021 08:11

MXC as related party in sale. See cloudcoco release for another angle. Glad its gone. Move on to better business days.

[ali47fish] 20/10/2021 07:59

significance of today's runs not a clue- disposal is it good for ide

[dave4545] 18/10/2021 16:24

Yep, 600k sold together.

I reckon it was the 200k at 1.39p, 2 x 100k buys and 4 x 50k buys then all sold again.

This is not the first time this person has done this with this stock

Seems barely worth the risk, think they did the same around 0.8-0.9p and then lost money, the idea is you hold and make real money

[dave4545] 18/10/2021 15:50

I'd put a few k on the same person behind most of the buying, they are trying to push it and get others to chase I reckon

[knigel] 18/10/2021 15:47

Might add soon as well and good to see a tick up again

[jim digriz] 18/10/2021 11:55

Me too :-)

[dave4545] 18/10/2021 11:51

Well I decided to have a little slice like others at 1.55p and 1.506p, but it's a very small % of my holding.

I think 2p for the next one

[knigel] 18/10/2021 11:28

I suspect the news on the subsidiary is landing very soon indeed...

[dave4545] 18/10/2021 10:44

Off again.

Not my buys or any of them today.

Still think sellers are getting out too early but if you are in at 0.7p levels it's a 100% profit cannot knock anybody for banking that

[agedman] 17/10/2021 17:42

I can imagine that the debt will be sorted at around 4p - massive premium to the current price and yet will show kahunas. Imagine if Kestrel had decided to purchase their LN conversion in the open market!!!

[p1nkfish] 16/10/2021 08:55

Worth remembering, if I have this correct (please check), Kestrel swapped their debt for equity at 2.5p earlier this year and look like having done so confidently. They took a step back in seniority when they did so as debt holders are paid first if a problem occurs.

Why would they do that? Might it be they see more capital upside off 2.5p than they do payback from holding the debt?

Still some way to run just to get to 2.5p.

Dyor etc.

[dave4545] 16/10/2021 08:35

Look at the debt 20.1 mil from 24.8 mil

So in 6 months they reduced it £4.7 mil

If they could keep reducing it at that rate they could pay it off in under 3 years.

Shares would have to rerate as business is making millions perhaps £3-5 mil and market cap is only £6.5 mil

Really off the radar, some loss making stocks going nowhere and now going to get hit with material cost spikes too worth way more

[agedman] 16/10/2021 08:33

This time next year.

[agedman] 15/10/2021 16:53

A good week - to be followed by an even better one! Onwards and upwards.....