Idox Share Discussion Threads

[bigbigdave] 19/6/2012 09:47

From the last trading statement....

The Group expects to announce its interim results on 26 June 2012.

[ross1314] 19/6/2012 09:41

Should the interm results not be due any day now?

[bigbigdave] 12/6/2012 19:30

And some chunky sells today but sitting right on the previous high.
Bit of stock clearing perhaps?

[bigbigdave] 11/6/2012 16:06

Good chunky buying this afternoon.

[aishah] 29/5/2012 16:43

IDOX looking up following recent M&A

[davidosh] 29/5/2012 11:42

Very positive update today and 10% organic growth is excellent.

With the 6% increase this morning on paper Idox will be in the top five now...



I will invite Richard Kellett-Clarke along to our July Mello event once the results are out on the 26th June and he is then able to update further.

[clocktower] 29/5/2012 09:21

Another outstanding RNS showing how well they manage the purchases the company have made. The recent RNS also suggest the trend is set to continue.

[rathlindri] 29/5/2012 09:17

Wonderful update and the market seems to agree!

[cfro] 29/5/2012 08:33

Breakout!! :0))

[cfro] 29/5/2012 07:33

Yes indeedy!! :0))

[bluebelle] 29/5/2012 07:18

Yes, bbd : very positive !

[bigbigdave] 29/5/2012 07:08

There it is, pretty impressive too :o)

29 May 2012

IDOX plc

Trading update for the six months ended 30 April 2012

IDOX plc (AIM: IDOX, 'IDOX' or the 'Group'), a leading supplier of software and services, announces a trading update for the six months to 30 April 2012.

Both revenue and normalised profits are substantially ahead of the first half of 2011. Excluding acquisitions, Group revenues from operations in the public sector and the Engineering Information Management businesses delivered 10% organic growth. Including acquisitions, consolidated revenues increased by 58% over the comparable period last year.

The UK public sector business has expanded its prospect pipeline in managed and hosted services and continues to see organic revenue growth through new customer wins.

Revenue growth in the Engineering Information Management business has benefited from several landmark contracts across a range of sectors - with US electricity generator Southern Company in the utility sector, Occidental in Oil and Gas, and CH2M Hill in construction and engineering.

The integration of CTSpace, acquired in November 2011, is now complete with the full benefit of all changes to be realised by October 2012. Opt2vote, acquired in March, will be fully integrated by the end of July, having successfully completed the first Scottish electronic local government elections in May. Currency Connect, the grants advisory business acquired post period-end in May, has already changed its name to Innovation Connect and merged with IDOX's existing operations in Holland.

IDOX has embarked on a recruitment programme to hire new graduates across the Group in order to add additional resourcing to the company's drive for product innovation.

The Group expects to announce its interim results on 26 June 2012.

Richard Kellett-Clarke, Chief Executive Officer, said:

"All core parts of the Group have shown growth under the new management structure. More importantly, all have met their goals for the implementation of hosted services, efficiencies and the development of innovative ideas.

"The acquisitions made are allowing us to leverage better our core technology skills in large scale document and information management and collaboration solutions into new industries and territories, providing the Group with additional revenue streams in the UK and internationally. We continue to look to extend our capabilities into new business areas via acquisition opportunities and organically."

[cfro] 28/5/2012 18:27

Another day, another rise. Trading statement must be due any day now.

[cfro] 25/5/2012 18:17

McLaren certainly delivering thats for sure. Lovely rise again today and chart looking very healthy again too. Should bode well for the T/S which is possibly on Monday.

[davidosh] 25/5/2012 13:24

McLaren is clearly doing great business at present compared to prior year and I think that is the message being delivered by the RNS.

[phillis] 25/5/2012 10:58

The half years for McLaren for 2011 read as follows:

1st half £1.5 m rev ( USA £622k Aus £680k)
2nd Half £3.2m rev ( USA £1262k Aus £545)
Looking forward to seeing the progression in 1st half 2012

The traction gained by McLaren looks like confirming a major new business segment for IDOX (potentially bigger than the core business?) and a tremendous geographic diversity

[phillis] 25/5/2012 10:08

serious momentum generated

(PS why do they bother with these RNSs... :-))

[clocktower] 25/5/2012 08:50

Another big client being flagged, well done IDOX.

[bigbigdave] 25/5/2012 07:06

Yet another McLaren software contract, bit of a tiddler but its the repetition of these wins which is interesting.

[cnx] 24/5/2012 18:37

ct
yes
common sense is enough

can we all go to bed and wake in 6 months with a 40% increase

surely this silly discussion is now closed

[clocktower] 24/5/2012 15:48

It seems the majority are delighted that the board release this type of information to the market in general and have no wish to see only selected groups be made aware of this type of contract.

[phillis] 24/5/2012 14:59

1/2 year trading update due?

[phillis] 23/5/2012 18:09

spot on Tomo

[tomoslewis] 23/5/2012 18:05

I must admit I feel that the contract is significant and IDOX are right to issue a return for the following reasons 1 McLaren is a new acquisition that contributed only £4.7 million to turnover last year, in that context the contract is material to the business; 2 The contract award gives reassurance regarding development at McLaren and by inference that the maangement's acquisition strategy is paying off and 3 IDOX made a gross margin of 88% in the last financial year, new contracts of this size therefore stand a good chance of making a sizable impact on the bottom line. All in my own opinion.

[davidosh] 23/5/2012 14:14

The IDOX interims are probably only about three weeks away so you do not have long to wait for further confirmation of progress. They were 14th June last year but not yet been scheduled to my knowledge.

I like the use of RNS for major new contracts but would not expect them necessarily if a current customer had merely extended or provided an additional amount of work. When looking at new business it is pointless comparing to the market cap by itself as recurring revenues need to be taken into account. If Idox have 70% recurring then this contract is potentially 10% or so of the new work needed each year to meet expectations. That makes it far more significant.