Another govt agency on the books... |
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. |
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. |
 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." |
Anyone know why the share price is going up? |
Encouraging update. Results 15 june 2021 |
Terms and conditions of options can always be varied by agreement with the option holders. |
Options don’t get cancelled in a takeover
They either get exercised or simply bought out |
1M sell. Hmm. |
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. |
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. |
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. |
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 |
SCSW .... suggesting IDOX are in continuing talks ...... |
Trading update was 26 march. |
Decent trading update today I do like the continued reduction in net debt. |
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). |
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. |
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. |
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...? |
Only SCSW today. Don't know where that information came from. |
Anyone picked up anything implying talks with D&D have resumed? |
'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. |
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. |
“establishment of in-house M&A function”
YUK! |
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