Idox Share Discussion Threads

[thegameofmoney] 01/3/2013 19:01

Clocktower have you got a short position open? I've been stopped out and looking at the month chart won't be getting back in, feel there is better opportunities else where.If you short a cheap stock like Idox at 50p are your stakes per point higher? As you're only like to get 5-10 points if you're lucky.Cheers tgom

[clocktower] 01/3/2013 16:29

Good luck with your top up long time but hopefull the slide will continue the way I expect it too, and the way it seems to be going looking at the numbers today. DYOR.

[charlotteandcressida] 01/3/2013 10:30

clocktower - this is precisely the time to top up when the weak hands and profit takers are selling, I added yesterday and today...barring some unknown set back or change here then this pull back is a golden opportunity to build a decent position ...

[clocktower] 01/3/2013 09:48

I doubt if any of you will be topping up though, so more likely to see it slip and slide downwards as its started too today imo. :-)

[davidosh] 01/3/2013 09:12

They appear quite conservative in how they announce information and in fairness the Agm announcement last year was still cautious about the full year and look how that finished? They could have worded the H1/H2 guidance a little better yesterday I feel as we were told at the Agm that a normal year would be expected to be about 40/60 but last year was exceptional at around 46/54. We shall have to see if about 60% of revenues come in the second half this year but it certainly suggests we should not worry too much about a widening of the split from last year.

[shanklin] 01/3/2013 07:55

David

Thank you for the update.

Its a shame what they told you at the AGM was not reflected in the RNS.

Cheers, Martin

[rathlindri] 28/2/2013 22:16

Brilliant reporting of events, many thanks again David

[davidosh] 28/2/2013 21:43

There will be a full review of the Agm and all the questions asked (about 60% were mine) shortly to appear in the excellent ShareSoc Agm library.

I will just add that I was very impressed by Prof Dame Wendy Hall the new non exec director who I did put under a little pressure by asking how and why she had been selected to join the board ?

At the end of the meeting I thanked the board (and Christopher Wright the retiring non exec who is still only 56 btw) for all their hard work and success achieved for shareholders. CW who is no longer a director came over to me later and said he is confident there is much more to come yet so I will certainly be keeping my holding whilst he keeps all his !

[rp19] 28/2/2013 19:43

David, thanks for the more positive AGM feedback. Would love to see a Director purchase on the back of this drop to boost confidence. I remember a relatively recent trading update from MRO which was not really negative, but probably not as positive as previous updates. This saw a decent sell off which has since recovered, rightly so in my opinion. Hopefully the same will apply with Idox.

[charlotteandcressida] 28/2/2013 17:34

clocktower - enjoy your short, post 2389 (thanks davidosh) sums things up accurately IMO and I see this regaining much of the drop today over the next few trading sessions...

[jolomo] 28/2/2013 17:27

David, thanks for taking the time to report back from AGM.

[rathlindri] 28/2/2013 16:50

Thanks davidosh, useful and reassuring feedback

[davidosh] 28/2/2013 16:45

Anyone who attended the Agm today would certainly not have felt that statement was a profit warning of any kind. The directors were very positive about the public sector division but merely stated that in H1 last year they had two significant orders on the engineering side that slightly boosted numbers making it a tough comparable to be up against this year.

I invited the CEO to provide an update to investors next week at our Mello Central event so you can all ask questions then but the indication was that expectations are not remotely in danger at present.

[clocktower] 28/2/2013 16:44

Sorry Folks but it looks like a good short to me now and the dogs time is over for the time being, bar a takeover which might well occur when the share price slumps further.

Good Luck though if you continue to hold.

[aishah] 28/2/2013 15:47

Investec retains Buy with 68p target

[charlotteandcressida] 28/2/2013 12:48

Agreed, looks well oversold on a neutral statement, it will be interesting to get the feedback from the AGM...

[rathlindri] 28/2/2013 11:32

oversold this morning in my opinion, back to mid 50's levels shortly?

[chester] 28/2/2013 09:42

50-51p is a natural area for it to bounce as this is the 38% Fib retracement.

[rp19] 28/2/2013 09:03

Not the super positive statement I was looking for. However, I think it is important that expectations are managed accordingly. Be interesting to hear feedback from the AGM. The management have consistently delivered. I think a 9% drop is over-done. Hold for me.

[shanklin] 28/2/2013 08:43

I'm struggling to see how today's RNS is positive. It looks to me like a profits warning for H1 and who knows what on the non-Public sector side for the full year given their sales-related expenditure would appear to be on the up.

I guess if one views management positively, one continues to hold.

[charlotteandcressida] 28/2/2013 08:30

These are looking cheap, it all depends how you view the AGM statement, personally a bit of share price consolidation is no bad thing if you are building a position and I welcome these getting cheaper as they are good value for a long term hold...

[m1das_touch] 28/2/2013 08:13

Well I finally got stopped out on my remaining holding, but very happy to bank significant profits after holding them from 16p. First slightly negative news from IDOX for a very long-time, so it's good-bye from me for now. May well re-enter in the future if this statement leads to a full-blown profits warning in the future as I would back management to turn it around with their brilliant long-term record.

All the best to those who continue to hold.

[davidosh] 28/2/2013 08:00

I will be attending the Agm to ask a few questions but the update was fairly positive without getting shareholders too excited. The indication is that the weighting of business will be greater in the second half.

"The focus on our two core software divisions continues to deliver better visibility through larger, more diversified and better qualified prospect pipelines.

In Public Sector software there has been a steady continuing progression of new business from software vendor consolidations by local authorities, further increasing our market share. This is expected to result in further growth in the first half and an increased order book of contracted services to be delivered in the second half.

In Engineering Information Management software, there has been a quieter start in license sales compared to last year, as there are no global contracts currently planned to be signed in the first half. However, the business outlook has improved with a stronger pipeline through the continued investment in our sales team's global reach. Current customer intentions indicate a greater weighting of new license and services business in the second half, compared to 2012.

As is usual, and in a further year of global economic uncertainty, the board considers it too early to provide full year guidance."

[rovers2] 28/2/2013 07:18

AGM statement certainly not as upbeat as last year. Maybe just sensible management of expectations by the board, given the run up in share price