Idox Share Discussion Threads

[cfro] 23/5/2012 14:12

As Phillis says its relation to market cap is irrelevant. At $2M or £1.3M however one wishes to express it, its certainly a significant contract win and rightfull we as shareholders should know about.

I view management as extremely ambitious and im more than happy to hold/add to my shareholding.

[phillis] 23/5/2012 13:39

no emotion at all - just factual
as is the Company RNS and worthy for it

Companies don't give info on like for like sales until IMS or interims/prelims - fact

[judgement] 23/5/2012 13:06

Phillis, as I said... No I don't think it's worthy of special mention.

As always, that's only my view.

Your view is difficult to detect through the cloud of emotion. Using phrases like "load of codswallop" tends to inhibit constructive discussion.

As you say yourself - "3% of last years (sic) turnover" - that tends to speak for itself.

Can you tell from today's announcement whether they're ahead of or behind budget? How are sales progressing in comparison with last year on a LFL basis?

[phillis] 23/5/2012 12:12

Never heard such a load of codswallop

Reported in $ because it is earned in $ and translated into different amount of £ as and when billed
Represents about 3% of last years turnover and is the largest contract ever won I think (need to check the Scottish planning one way back)

So worthy of a special mention don't you think?

Its relationship to market cap is irrelevant

[judgement] 23/5/2012 10:35

Clocktower, I don't disagree with what you say. I would just add that my preference is for quiet over-delivery. This current approach sounds too much like shouting from the rooftops prior to the event, and over-delivery is difficult if you over-promise. Perhaps it's an indicator that they'd like to do more paper based acquisitions.

While I quite like Idox's LA business, and their apparent skill in integrating, this aspect of the company makes me very wary.

[clocktower] 23/5/2012 10:16

Judgement, I acknowledge your views but in view that the company has in the past endevoured to keep all investors well informed, and not just those on the inside. To me it is not only the value of the contract but with whom they have signed this contract. This could lead to far more work and I view the RNS as a flag to announce what a big potential client this is rather than the value of this contract with them.

That said it is pleasing to see a debate take part on these threads and to be able to consider all views, some of which one might not have taken inmto account.

[judgement] 23/5/2012 10:08

The market cap is about £109m.
The sale was $2m, which is under £1.3m or 1.17% or the market cap.
It was announced in $ and not £, which is the group reporting currency.
To others it's a positive or good communication.
To me it's concerning that they see fit to announce routine business in this way.
Why not include in in a trading update that gives LFL revenues - only that way can any meaningful information be drawn.

[cfro] 23/5/2012 09:42

Weird to see the share price reaction this morning to...what is..a significant contract win. Top-up opportunity imo...

[clocktower] 23/5/2012 09:12

First Class RNS - I expect profits to reflect the success which in turn will show that the current share price has still a long way to rise imo.

[bluebelle] 23/5/2012 08:59

Yes: more good news.

[phillis] 23/5/2012 08:04

$2m in a 12 month period is a serious amount for Idox plc let alone McLaren

[cfro] 23/5/2012 07:25

Yet another contract win, this company goes from strength to strength. :-)

[bigbigdave] 23/5/2012 07:07

Nice contract win......

TIDMIDOX

Idox PLC

23 May 2012

23 May 2012

IDOX plc

Engineering information unit, McLaren Software, secures $2.0m contract with OXY Inc.

IDOX plc (AIM: IDOX), a leading independent supplier of software and services to the UK public sector and global asset intensive industries, announced today that its engineering information management subsidiary, McLaren Software, has agreed to supply its McLaren Enterprise application software suite and related services to OXY Inc., a subsidiary of Occidental Petroleum Corporation (NYSE: OXY), an international oil and gas exploration and production company. The contract in the first year is worth $2.0m.

McLaren will provide its Enterprise suite to OXY Inc. The software will manage global asset documentation, corporation policies and procedures, standards, and guidelines.

The upkeep of asset documentation is key to supporting efficient operations and safety, by providing consistent processes, which are auditable and compliant with industry regulations, for the benefit of all parties involved in operations and maintenance.

Occidental is the third-largest US oil and gas company by market capitalisation, with more than 40,000 employees and contractors worldwide.

Richard Kellett-Clarke, Chief Executive of IDOX, said:

"This contract with OXY Inc. highlights the capabilities and global reach of the McLaren Software. McLaren Enterprise solutions are designed to support engineering document control processes across the lifecycle of an operational asset."

[cfro] 21/5/2012 13:26

Good to see IDOX firming. And nicely ontrend chart-wise.

[rp19] 16/5/2012 21:03

Yes encouraging given the wider market. I have, however, noted some large selling volumes since the 11th May (large blocks totalling over 4 million shares). Hopefully just profit taking after a good run and not linked to trading statement that should be due soon (last year 18 May).

[cfro] 16/5/2012 18:28

Sp refusing to give back much isnt it, which is extremely encouraging.

[ryanandbethanjones] 14/5/2012 19:45

C&C good to see you here from the STI boards.

I've been holding IDOX for about 4 months too and is a long term hold for me also.

[cockneyrebel] 11/5/2012 14:57

trading update May 18th last year - same again this year?

CR

[charlotteandcressida] 10/5/2012 06:39

A solid long term hold/accumulate for me, the market is twitchy at the moment so a few bailing out is no surprise...I believe the share price has a lot further to travel as the company grows...

[rathlindri] 09/5/2012 18:18

Spoke too soon Dave....

[cfro] 09/5/2012 17:44

Surprised this has come off tho really. After such a strong rise i suppose its bound to give a little back.

Still a very strong hold for me.

[bigbigdave] 09/5/2012 17:30

Me and my big mouth :o(

[bigbigdave] 07/5/2012 08:50

Chart going from strength to strength at the moment.