Idox Share Discussion Threads

[pugugly] 20/7/2021 17:37

Griffiths - Very wise and rich man - The fact that he has reduced holding to below notifiable level - whether or not he is still holding any stock - is (imo) a red flag. He however does not walk on water -

[trcml] 20/7/2021 17:02

Exits or just gone covert?

[phillis] 20/7/2021 10:42

so Griffiths exits

[pugugly] 13/7/2021 12:10

Gargoyle2 - U were right - So probably best - that is if interested - to wait and see what happens - If goes the same way as HEIQ - initial write up in Feb then possibly more attractive prices later but if goes like Aution technology then jump in now - Whichever DYOR-- Sorry No Crystal Balls here.

[gargoyle2] 11/7/2021 23:59

IDOX one of the main write-ups in SCSW yesterday. May see some action tomorrow.

[strollingmolby] 08/7/2021 14:13

Still getting some coverage here - spotted this on Idox's LinkedIn page today, a Growth Company Investor piece following an interview with David Meaden. The full GCI article that is linked is behind a paywall but this text has been published by Idox: Earlier this year, our CEO David Meaden sat down with Growth Company Investor to talk about our business. The article gives an insight into our public sector software focused growth strategy, from the acquisition of Aligned Assets to the changes we’ve been making in recent months as well as an outlook on the future of our business. This extract covers some of the highlights with the full piece available to read here. The business Idox now has a strong, focused position in public sector software which accounts for over 80% of group revenue. The company’s products mainly address document process management and statutory compliance requirements for local authority clients and the NHS. Over 90% of UK local authorities take one or more products which fit into seven categories. Property-related software includes planning consent, building control, land charges, and address management. In public protection, Idox software supports environmental health, licensing and trading standards. There are tools to support the delivery of social care and disability services, grant and funding programmes, facilities management, traffic management, and electoral services. Management and finances A key element of the story concerns the recent changes in management and strategy. CEO David Meaden joined the company in June 2018 after a long career at Northgate Information Solutions and set about restructuring a business that had lost its way. Idox had grown by making acquisitions that had not been integrated, so there was no value created from them being in the same group structure. It meant the business was overly complicated and some of the deals had not gone well. Meaden identified Idox’s core strength as its public sector expertise and its ability to solve these clients’ problems through software products. Given the commonality of the client base, this software can be sold to many customers with minimal customisation. So the strategy has been to simplify, dispose of the peripheral digital and content businesses, and focus on software provision. Valuation and outlook We were impressed with David Meaden and the restructuring element of the Idox story when we spoke to him in February. Our intention was to write the stock up as a new recommendation that month, only for the aborted bid to send the stock above a sensible buying range. The shares were trading in the mid-50s pre-bid and are now in the mid-60s; so the valuation has risen but does not look too demanding for a software business with improving operational trends and a clear growth strategy. We also like companies that have received a bid – if it happens once it can happen again. Acquisitions form an important part of the story, but management appears to have put the right structure in place to integrate these and they should be coherent bolt-on deals which have a clear fit with the business. Meaden talks of the SaaS ‘rule of 40’ which defines successful companies as those with a growth rate plus ebitda margin of 40 or above. With a 5% growth rate (plus bolt-ons acquired for cash) and an ebitda margin now moving into the 35% area, Idox looks well placed.

[gargoyle2] 05/7/2021 15:05

IDOX's latest results webinar available here: https://www.progressive-research.com/events/

[strollingmolby] 05/7/2021 14:49

Another govt agency on the books... Https://www.idoxgroup.com/the-food-standards-agency-partners-with-idox/

[tiscalynn] 30/6/2021 14:00

Idox have had a presence in India for many years. I recently retired from the company as a Software QA Manager and used their resources for around 3 years until QA for the product I was involved moved to N. Macedonia.

[trcml] 28/6/2021 10:36

and/or this? idox have set up in India )I didn't know that) and are recruiting for personnel. I am thinking that the company's revenue slow growth could well accelerate with the next couple of years. resume the previous management's target of £100M but without the previous irrelevant acquisitions.

[trcml] 25/6/2021 12:47

this maybe? "Idox Group teams up with HM Land Registry on national Local Land Charges Register Software company Idox has teamed up with HM Land Registry (HMLR) to support the rollout of the national Local Land Charges (LLC) Register. Last December, HMLR announced its ambition to complete the transfer of all local authority LLC data in England and Wales to the register by 2025. The project, which is central to HMLRs ambition to become the world’s leading land registry, gives property buyers a quicker, simpler and more cost-effective service. Through our Application Programming Interface (API) integration services and Data Extraction (DE) we will connect local authorities to the register. Allison Bradbury, Head of Local Land Charges Implementation at HMLR said: “We are pleased Idox are working with us to deliver a solution that allows local authorities to transfer their data to the LLC Register, while complying with stringent data controls. Their experience of large data infrastructure projects and the public sector means they understand our national goal and local authority requirements.” The new system will also enable data extracts to pass to HMLR for data quality assessments, data manipulation and change-only updates when a local authority goes live. This will make it easier for property developers, legal professionals, local authorities and others who rely on land registry searches to deliver projects. Idox has already delivered these services to 23 local authorities and is now progressing rollout to a further 83 local authorities, with completion scheduled by December 2021. The Idox team are also working closely with HMLR to scale the implementation, so more authorities can be enabled in a shorter timescale."

[trcml] 23/6/2021 17:41

Anyone know why the share price is going up?

[trcml] 20/5/2021 11:13

Encouraging update. Results 15 june 2021

[trcml] 14/5/2021 13:37

Terms and conditions of options can always be varied by agreement with the option holders.

[phillis] 05/5/2021 16:48

Options don’t get cancelled in a takeover They either get exercised or simply bought out

[trcml] 05/5/2021 15:59

1M sell. Hmm.

[trcml] 26/4/2021 08:38

Interesting stock options announcements. A few employees cashing in whereas the principal officers are granted more. If a bid were in the offing then it would make sense for the employees to get money out by selling shares rather than risk cancellation of their options while the principals add to their options which are more likely to be protected.

[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.