Idox Share Discussion Threads

[trcml] 15/4/2021 09:38

I've bought again. My thinking is that if bid talks are continuing then the likely price would be at least 75p and probably more. If not or if the talks end then I reckon the share price will continue upwards to £1 and beyond, especially since IDOX will be debt free in May 2021. There is plenty of potential for organic growth without another acquisition.

[clocktower] 08/4/2021 16:05

Ongoing talks is the only reason I can see for the share price to be as high as it is. Good Luck if your holding.

[catch007] 08/4/2021 15:50

Laughs silly me lol I looked at news on my investment platform to see why price is rising and just took the update at todays news LOL. Wouldnt surprise me if talks were continuing....I'll get my coat :P

[cathys clown] 08/4/2021 15:47

SCSW .... suggesting IDOX are in continuing talks ......

[gargoyle2] 08/4/2021 15:21

Trading update was 26 march.

[catch007] 08/4/2021 15:18

Decent trading update today I do like the continued reduction in net debt.

[darrenp746] 05/4/2021 12:45

Thought this may be of interest ———;——̵2;——R12;——212;———————————;——̵2;——R12;—— Dye & Durham is bound by the restrictions under Rule 2.8 of the Code following this announcement, save in the circumstances set out below or otherwise with the consent of the Panel on Takeovers and Mergers (the "Panel"). For the purposes of Note 2 on Rule 2.8 of the Code, Dye & Durham reserves the right: (a) to set aside the above statement that it does not intend to make an offer for Idox and the restrictions in Rule 2.8 of the Code, and (b) to announce or participate in an offer or possible offer for Idox and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code, in any one or more of the following circumstances: 1. with the agreement of the board of Idox; 2. following the announcement of a firm intention to make an offer for Idox by or on behalf of a third party; 3. if Idox announces a proposal for a "whitewash" (as referred to in Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or 4. if there has been a material change of circumstances (as determined by the Panel).

[gargoyle2] 03/4/2021 22:54

D&D's 18 March announcement said that they could come back with an offer with the consent of the IDOX board, so I assume that the 6 month rule wouldn't apply if they came back with a recommended bid. Would need to check that though.

[techno20] 03/4/2021 20:19

It felt like a bit of a throw away comment in scsw - no further detail backing it up. Be surprised personally. Prefer to see mgmt given the chance to scale up.

[strollingmolby] 03/4/2021 18:46

Under the Takeover Code (2.8) D&D are not permitted to make an offer again within six months so nothing official will be announced in this timeframe. They could however increase their stake to 29.9% so long as they don't make any statement that raises the possibility that an offer might be made. Are there any rumours of another party sniffing around...?

[gargoyle2] 03/4/2021 16:51

Only SCSW today. Don't know where that information came from.

[techno20] 03/4/2021 16:25

Anyone picked up anything implying talks with D&D have resumed?

[gargoyle2] 26/3/2021 17:30

'Ccnfirms intention to pay the final dividend'... I'm not sure why that merited a separate bullet point in the trading update, given that it was only declared a month a go. A trading update that said 'oh by the way, that dividend that we announced last month, we've changed our mind' would be pretty rare imo.

[catch007] 26/3/2021 16:07

ii trading update coverage today: Idox PLC - Reading, England-based management software provider - Says first quarter of financial year ending in October 31 saw a continued robust performance, in line with board expectations. Notes growth in underlying revenue and earnings year-on-year, while net debt was materially reduced to GBP18 million at the end of January from GBP27.1 million a year ago. "We have performed well in the first quarter of the year. Expansion within our existing client base alongside new customer wins has translated to underlying revenue growth. As we further simplify the group, we expect to continue improving revenue visibility, earnings and cash generation," says Chief Executive David Meaden. Says it is confident in its prospects and confirms intention to pay the final dividend in respect of the 2020 financial year of 0.3 pence.

[phillis] 26/3/2021 11:07

“establishment of in-house M&A function” YUK!

[catch007] 26/3/2021 09:29

I do like the continuing improvement in the cash position.....cash positive April 2021. I didn't sell on the possible bid news I expected an improvement on offer price that did not materialise so called it wrongly however happy to hold and its still a profitable position.

[cheshire man] 26/3/2021 08:19

Https://bdadvanced.ipreo.com/OpenFileLink.aspx?ID1=52d82ece-5f7d-44f8-bcd1-c1e9ee304b2b&ID2=681160206

[clocktower] 26/3/2021 08:09

While the cash situation is very good, it is not the trading update that does anything to support the share price at this level imo. TRCML - I think you post is spot on and with respect should have been taken into account when the initial offer was made. Most are skilled staff that can transfer their skills as and when they wish. I would get back in at around 50p as it is still a solid investment imo but I see little growth prospects in the so, all one can hope for is increased dividends for the time being. Not the best of returns on that level either.

[tole] 26/3/2021 07:52

https://bdadvanced.ipreo.com/OpenFileLink.aspx?ID1=52d82ece-5f7d-44f8-bcd1-c1e9ee304b2b&ID2=681160206

[trcml] 22/3/2021 13:58

I decided to call it a day and sell my holding. I had contemplated selling when the DD bid was announced but hung on. However, having read IDOx's latest results more carefully, what struck me was how much store DM places in the loyalty of the employees; I think that their collective reaction to being taken over was a sticking point.

[clocktower] 19/3/2021 17:00

Agreed Smithie6 - buyers must be hoping for another bidder to come along/ Once volumes drop off, if there is no sign of another suiter then it may well fall back.

[smithie6] 19/3/2021 15:17

1p divi ~1.6% yield not attractive at all. "divi cover of x6" not true at all. so, reading your post there are no attractions at all to buying IDOX shares at 60p !!

[smithie6] 19/3/2021 13:39

can anyone promote these shares to me at the price of 60p I see that the cap. value is about 4x turnover (& 60p is over priced) & adjusted EPS is phps ~2p, so 60p looks expensive. & my understanding of growth is that there isn't any !, or its tiny. Am I missing important info ??

[cheshire man] 19/3/2021 10:51

Agree with the long term investment views here and delighted to get back in this morning :-)