Ide Share Discussion Threads

[intheknow69] 26/9/2019 08:33

Bounced back in minutes!!

[alangrifbang] 26/9/2019 08:29

I understand the situation completely Chimers,I think you should give me a little bit of credit ,60 years trading you learn a lot

[chimers] 26/9/2019 08:27

Shares will ALWAYS fall when results show a loss or a director is selling etc.

Both situations might have very good reasons which the onlooker does not see at first glance.
9 times out of ten they are a bad thing so people sell en masse.

Later they have time to read the situation in more detail and they buyers return.

IDE is or was a broken company that is now on the right track.

[chimers] 26/9/2019 08:24

People panicking who don't understand the situation.
It will settle.

[nico115] 26/9/2019 08:23

As I said can't sell cos this is a pile of pooNo profits just debt I wouldn't touch with a barge pole

[intheknow69] 26/9/2019 08:23

What’s going on? Up 26% when i last looked and now down 22% 😮😮😮

[matunde24] 26/9/2019 08:13

When are we hoping for the main news

[nico115] 26/9/2019 08:10

Can't sell mate as there is huge debt here Strong sell

[chimers] 26/9/2019 08:08

Why would you want to ?

IDE are partnering 2 of the worlds largest corporations in existence.

Equinix and most likely CAPITA.

[shovon1000] 26/9/2019 08:05

Can not sell at 6.20 - don't know why ?

[na_bmth] 26/9/2019 07:58

It would make sense if the new partnership is indeed Capita, Andy Parker's old company:

"Furthermore, we were very pleased to enter into a new partnership with another global IT services company during the period, and the first project under this new partnership commenced post-period end in August. We believe there is significant potential for growth with this partner and look forward to updating shareholders in this respect."

[chimers] 26/9/2019 07:50

There is no external debt.

NONE AT ALL.

It is all owned by 60% holders of IDE MXCP and Kestrel.

Loan notes subscribed for by existing shareholders, Company now has no external debt other than with key shareholders

[chimers] 26/9/2019 07:37

We know about that, thats legacy issues which they are resolving.
Thats the point.

The debt increase was due to the rescue loan notes being issued to MXCP and Kestrel.

The net debt balance (excluding IFRS 16 liabilities) at 30 June 2019 was £12.3 million (31 December 2018: £9.9 million), which comprised the Secured LNs held at amortised cost using the effective interest rate method resulting in a liability as at 30 June 2019 of £10.7 million (note 5), plus the convertible loan notes of £1.7 million issued in August 2018 (note 6) and finance lease liabilities of £0.6 million, net of cash of £0.7 million.

[chimers] 26/9/2019 07:36

The Global Platform for Digital Business
When you build your digital business platform with Equinix, you dynamically interconnect with the world’s largest ecosystem of people, clouds, data and things. With 200 International Business Exchange™ IBX® data centres on 5 continents and 99.9999% global uptime, Platform Equinix™ gives you unparalleled access to 52 major markets and lets you reach every destination on demand.

[letmepass] 26/9/2019 07:35

Shame that the debt has increased

[chimers] 26/9/2019 07:34

Equinix revenues for last year was $4.4 BILLION.

This is similar to MXCP's Liberty Global deal.

IDE is partnering with a GIANT.

[chimers] 26/9/2019 07:32

Wow!!!!!!!!!

Equinix, Inc. is an American multinational company headquartered in Redwood City, California, that specializes in internet connection and data centers. The company leads in global colocation data center market share, with 200 data centers in 24 countries on five continents

[chimers] 26/9/2019 07:31

We are developing a joint value proposition with Equinix, Inc. a multi-national data centre and co-location provider

[chimers] 26/9/2019 07:22

Already our level of engagement with our key customers, including a large international outsourcer, has immeasurably improved.


CAPITA?

[chimers] 26/9/2019 07:16

In summary, the first half of the year has shown a significant turnaround from the upheaval of the previous year. We have been successful in renewing significant customer contracts and in progressing new relationships. We continue to explore further areas where costs can be saved whilst investing in areas that will help drive growth. We are confident in the outlook for the Group and remain ambitious in securing and improving margins and cash generation.

[chimers] 26/9/2019 07:15

Furthermore, we were very pleased to enter into a new partnership with another global IT services company during the period, and the first project under this new partnership commenced post-period end in August. We believe there is significant potential for growth with this partner and look forward to updating shareholders in this respect.

[chimers] 26/9/2019 07:15

The restructuring last year meant that we entered this year with an appropriate cost base and the refinancing in the first quarter has given us a stable platform from which to grow. To that end, in May this year we recruited a new Head of Sales to drive sales growth. Already our level of engagement with our key customers, including a large international outsourcer, has immeasurably improved. In addition, we are being awarded extensions to other contracts and have commenced new projects which we expect to grow over the coming months.

[chimers] 26/9/2019 07:15

Towards the end of 2018, several of the Group's material customers renewed their contracts with IDE, some on a multi-year basis and I am pleased to say that during the period under review, the Group secured several other significant renewals including a 3 year contract for cloud and hosting services with a total contract value of over £1 million.