Ide Share Discussion Threads

[knigel] 23/7/2022 12:24

TBH I can’t remember a day when IDE had 56 trades so it appears something is expected ...

[albert arthur] 23/7/2022 12:10

Catalysts for me here is simple... 600% ebit change. Net debt converted to CLNs. Charge paid. So balance sheet looking brttet than last year 16 fold. Revenue 3* cap minimum... ebit near size of cap.. let's see what happens on results day.. expect people buying and MMS to gap it next week.. forward looking pending news...

[p1nkfish] 23/7/2022 11:46

I've held CLNs that paid interest.
About time this showed a bit of life.

[albert arthur] 23/7/2022 10:18

It's actually a good sign, the debt to CLN conversion, lenders have ambition and belief in the company.

[albert arthur] 23/7/2022 10:17

You do t pay interest on CLNs it's like yield! the price change does that for you.., hence why CLN holders want the price up.

[albert arthur] 23/7/2022 10:14

Read current update:In the Company's FY21 trading update of 27 January 2022, the Company stated that revenue would not be less than £14m and EBITDA would not be less than £2.5m. The Company confirms that trading EBITDA was c£3.0m but that as a result of various potential non-trading audit adjustments this could potentially increase.change=ebit 3m/.5600%https://www.londonstockexchange.com/news-article/IDE/reporting-extension-and-trading-update/15520557

[albert arthur] 23/7/2022 10:12

What's important, is the YOY changes in results... sit back... and watch price action next week..

[dave4545] 23/7/2022 10:08

Makes no odds how you dress them up, it's a massive debt and the company is paying £700k every 6 months interest on them or basically all or most of their profits so in a nutshell they are going nowhere until the debt is converted into stock.

So £6 mil market cap with £20 mil of debt making £1.5 mil of profits, interest £1.4 mil so all profits used to pay debt.

Or D4E and £26 mil market cap making £1.5 mil maybe more with no interest payments so that £1.5 mil can be used for perhaps dividends or acqusitions.

"Net financial costs remained at GBP0.8 million (H1 2020: GBP1.0 million), which include GBP0.7 million of interest on the loan notes issued which is payable at the end of their term. In addition, the costs include GBP0.1 million of notional interest in relation to the convertible loan notes"

[albert arthur] 23/7/2022 10:02

CLNs are not classed as net debt, and holders of the CLNs will want the price up..

[albert arthur] 23/7/2022 09:57

Generally if you see debt gone, ebit up. Revenue 3* cap and ebit eat the cap (3m maybe more cap 4m) The MMS will gap it and people will buy it let's see what happens. All the info you need is in my post below, and it has links to all the related RNS..

[knigel] 23/7/2022 09:52

What is interesting is the mention of “audit adjustments” which might mean a debt restructuring??
D4E means debt for equity for the other poster ie if 20 million debt is swapped for shares at 2.5p then that’s 800 million more shares - plus sentiment will change overnight as the legacy debt is cleared imho - could be an exciting week!!

[albert arthur] 23/7/2022 09:29

No Dave, you have not read it correctly xxx I'll update later

[ali47fish] 23/7/2022 09:28

what is d4e

[dave4545] 23/7/2022 09:10

AA

You really are reading this all wrong.

"Net debt as at 30 June 2021 was GBP20.1 million (31 December 2020: GBP24.8 million"

Around £1.5 mil a year from profits is being used to pay interest on the loan notes so basically most if not all the profits, the punt here is a D4E on the debt which you see to have magically vanished from your research.

The punt is they do this at a big premium because, when done the market cap becomes around £27 mil, then instead of them wasting £1.5 mil on interest that drops to the bottom line and they can start paying dividends

[albert arthur] 22/7/2022 22:44

If EBIT is 600% up, revenue is 3* the cap... and the charge that caused the loss paid.. and they have no debt but CLNs... when that RNS lands... the wider public will see this, MMS will gap it. And people will buy... next week minimum 2p... EMA200 from Jun 2020 3p this has 4p potential. The only thing that will stop this going up next week, is a further delay to results.. people who know what they're doing have bought this in the last 2 weeks..

[the monkster] 22/7/2022 22:25

I know which one my money is on !!

[knigel] 22/7/2022 16:32

I guess this time next week we will either be back down at 1p or above 2p...?!

[beeks of arabia] 22/7/2022 15:23

Off to the races again.More to come I expect

[albert arthur] 22/7/2022 09:37

If you see a huge change in EBIT and debt YOY, you will see the MMS gap the hell out of this share in the morning..,

[albert arthur] 22/7/2022 09:35

Yes, I'm fully aware of the CLN value..

[dave4545] 22/7/2022 09:34

"Last years Amorstistation charge paid, 17.5m, they have no debt just CLNs, which the holder will wqant a higher price for.."

You are aware these "CLN's" are in the region of £20-25 million ?

[albert arthur] 22/7/2022 09:33

This is the catalyst:Results next week, they should reflect EBIT 600% change from .5m to 3m, charge paid...("IDE", the "Group" or the "Company")Audited Results for the Year Ended 31 December 2020: declined to £0.5 million from £1.1 million in 2019. Losses on ordinary activities before taxation amount to £21.6 million (2019: £10.9 million). Last update: ("IDE" or the "Company")Extension of Reporting Deadline and Trading UpdateIDE Group Holdings plc, the mid-market network, technology outsource partner announces that it now expects to publish its final results for the year ended 31 December 2021, towards the end of July 2022 following completion of the audit.In the Company's FY21 trading update of 27 January 2022, the Company stated that revenue would not be less than £14m and EBITDA would not be less than £2.5m. The Company confirms that trading EBITDA was c£3.0m but that as a result of various potential non-trading audit adjustments this could potentially increase.Last years Amorstistation charge paid, 17.5m, they have no debt just CLNs, which the holder will wqant a higher price for...

[albert arthur] 22/7/2022 09:33

EBIT 600%, need full results and margins.., but the results should be good next week..

[albert arthur] 22/7/2022 09:32

This is the catalyst:Results next week, they should reflect EBIT 600* change from .5m to 3m, charge paid...("IDE", the "Group" or the "Company")Audited Results for the Year Ended 31 December 2020: declined to £0.5 million from £1.1 million in 2019. Losses on ordinary activities before taxation amount to £21.6 million (2019: £10.9 million). Last update: ("IDE" or the "Company")Extension of Reporting Deadline and Trading UpdateIDE Group Holdings plc, the mid-market network, technology outsource partner announces that it now expects to publish its final results for the year ended 31 December 2021, towards the end of July 2022 following completion of the audit.In the Company's FY21 trading update of 27 January 2022, the Company stated that revenue would not be less than £14m and EBITDA would not be less than £2.5m. The Company confirms that trading EBITDA was c£3.0m but that as a result of various potential non-trading audit adjustments this could potentially increase.Last years Amorstistation charge paid, 17.5m, they have no debt just CLNs, which the holder will wqant a higher price for...