Idox Share Discussion Threads

[smithie6] 11/1/2018 14:18

new CEO at the moment....was in charge before and did well
so the mkt is fairly happy with that situation/change imo

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price going up.... might be last chance to buy at this price

and chart wise
I think that if the share price is a recovery up trend then the pullback from 37 to 34p would now appear to be fixed in....making 34p area a support...with the chance that the previous peak of 37p would be exceeeded by this new trend up ...till it makes a new rest/pause position at a higher price (43-45p ?) as some people take profits... fingers crossed..see what happens

[value viper] 11/1/2018 11:34

where is the CEO ? isn't that kind of key ?

[smithie6] 11/1/2018 11:18

fingers crossed that this rise is the start of the grind upwards and phps the finishing of sellers at 34p... (some of which have been profit takers selling, after buying at 27-28p)

quick jump as risk is seen as lower impact on the share price ..& then slower grind over 2-3 yrs as the debt is reduced

[smithie6] 08/1/2018 11:16

the dip down today..bounced up up...with recent low of 27p due to bad news ...is 32- 33p a support level ?.. getting close again to 27p so might tempt back in short term bottom/recovery buyers who maybe sold at 37p making a quick big % gain

[smithie6] 05/1/2018 14:15

price up 1p...after falling 1p earlier..phps due to yanks logging in for the day...

[smithie6] 05/1/2018 14:06

ah..btw

disclosure info
sometimes reported months late....I have just seen one example...(but was it phps due to the co. changing its number of shares rather than purchase/sale of shares ?)

(London mkts. imo there is no fine for late disclosure)

[sharki9] 05/1/2018 09:49

Just read it more and I think this was the 6pm product, But they have dev ops teams so I'm sure they can tailor this / adjust and change to other requirements.

[sharki9] 05/1/2018 09:43

How about idoxgroup.com/idox-health.html

[smithie6] 05/1/2018 09:36

...expansion of IDOX into health and care sectors (ref. acqsn of 6PM)

do ppl think IDOX might succeed in that plan ?

Anyone know IDOX products and think that any can be easily adapted for health/care sectors ?

[smithie6] 05/1/2018 09:20

I also expected more news about disclosable holdings. (I expected 3 for 3 big trades on 1 day)

but
some big trades might be moves within a fund manager from fund 1 (debt ratio < X ) to fund 2 ( a special situations fund)

& probably/phps such moves dont need to be reported if the owner is defined as overall fund mngr ( let us say Aberdeen or XYZ) which hasnt changed.

I think the limit is 3 days...so it looks like no more RNSs for % held ...for trades before Xmas day.

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I had partly hoped for a director share buy but since they have inside info wrt financial data etc etc & accounts being prepared I assume they have been prohibited from buying, either officially or morally.

[sharki9] 04/1/2018 14:03

After I have seen the biggest volume in one day on idox since it's IPO in 2003 and the day finished green I'm fairly relaxed as it was confirmation for me of reversal, I'm here for a longer term.... it actually turn out ok (let's hope) as I was only recently interested in this company so I manage to bring the share price down a bit as I was buying much higher, the only thing which just sit in my mind who bought/sold those shares as they were done in 3 big transactions which total for about 6.5% of shares +/- .... and we only know of 0.7% increase on 27th of December by Canaccord and 1% on 3rd of Jan by Kestrel, And there is no other news about selling / buying of those big trades

[smithie6] 04/1/2018 13:43

yes the instis ctrl IDOX

so the instis will want 'it' fixed !

& if they dont like progress they can, if wanted, bring in someone else to fix it !....( but I think they like, or did !, KC...so I think they'll give him some slack/time to show action /results.

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possible future news is multicoloured
but mkt expects news of delayed contracts to be signed/reported
and if that happened then the mkt might look forward rather than backwards at the bad 6PM news.

& Im 100% sure the co. will be trying to collect receivables to bring down the debt.
making the dates 31st Dec and 1st Jan will help with that. (phps some clients might get access to new budgets/money on 1st Jan, would help them pay any outstanding bills from IDOX)

[sharki9] 04/1/2018 12:11

They increased position in February from it was I think around 67p and they increased again in August I believe when it was around 60p so the current levels was nice promotions for them The other big funds in idox are Liontrust investment partners - 56.96m of shares (13.79%) as of August Hargreave Hale ltd 55.93m of shares (13.54%)Kestrel is on 3rd positions With all other funds institutionals hold 56.87% of shares + the recent add

[smithie6] 04/1/2018 11:17

(Kestrel took a big position in KBC
mostly 80-110p

KBC was bought out at 210p

so Kestrel made millions there

[clocktower] 04/1/2018 10:42

Is this the one Smithie6 ?

Cannot see a Jersey Connection but I think they may have a Guernsey one.

[smithie6] 04/1/2018 10:32

Kestrel

a fairly clued up investor....Jersey office I think...has big stakes in various companies they like

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some pull back is very normal after big % rise from 27p
phps now it will start next leg upwards...over a few days..(I cant see it going down much from here...so hopefully up is only other option)

[matthew palmer] 03/1/2018 22:17

What does anybody know about Kestral?

[smithie6] 03/1/2018 20:26

so Kestrel are fans at this price area and have gone from holding 8% to holding 9%.

1% costs over 1M quid !

[smithie6] 03/1/2018 20:22

I agree with Boros...that IDOX wasnt aware of true accounts of 6PM

& as a result they overpaid..

but imo it is/was overblown fall in the share price

6PM cost 30-40M
& turnover was/is just a % of IDOX turnover
while drop in share price was maybe 150M.

[boros10] 03/1/2018 11:26

Phillis, fair enough but the accounting adjustments identified in the circular and which were repeated in the RNS did not fully reflect the scale of the losses and write downs which were subsequently required in FY 2016. From the circular, "6PM reported revenues of £11.33m and EBITDA of £2.19m in its last audited financial year (FY2015). Under the expected reconciliation to Idox's accounting policies, certain of 6PM's revenues that were recognised in its accounts in (i) FY2015 and (ii) FY2016 would instead be recognised in (i) FY2016 and FY2017 and (ii) FY2017 and FY2018 respectively.""As a consequence, application of these same accounting policies are estimated to be likely to increase profit for 6PM for 2016 and 2017. The Directors can only estimate the likely impact at this stage as additional accounting work is ongoing as to the timing of revenue recognition under Idox's policies."Far from seeing an increase in profits in FY2016, 6PM generated a £12.6m loss in FY2016, of which around £4.7m was from trading (i.e the balance of £7.9m related to the write down of intangibles). Sales fell to just dropped to £7.1m down from the £8.3m restated sales for FY2015 (restated from £11.3m as per the circular).Positive net asset value reported at £15m at the end of FY2015 turned into negative net asset value of £15m, after the prior year adjustments, intangible write downs and trading losses. This difference will all get booked to goodwill and acquisition related intangibles and may subsequently need to be written off if trading performance deteriorates. One suspects the scale of the losses in FY2016 was in part an attempt to bury as much bad news as possible so not to hold back the numbers for FY2017. That said, the FY2017 interims show 6PM (Idox Health) still loss-making and the November profits warning referred to delays in signing contracts in this business.

[phillis] 03/1/2018 08:36

Think I will give it a miss
The offer document for 6PM outlines the intended write down of assets

It is not a surprise

[boros10] 02/1/2018 19:35

https://www.sharesoc.org

[boros10] 02/1/2018 19:35

I've written an extensive article on IDOX's (and 6PM) accounting shenanigans for ShareSoc's January Newsletter.You'll need to be a paid member (£45 p.a) in order to access the newsletter. Membership includes free entry to monthly company seminars.

[phillis] 02/1/2018 15:02

sold all my recent purchases at 35p and below
Nice turn
Nothing to do now but await clarification in feb

Expect a good clean out and rebase

[smithie6] 02/1/2018 13:19

..my guess is that once it has finished having a rest....& profit takers have gone (that bt at 27p)
that this will continue upwards...

high recurring revenue & its profits....gives it the ability imo to grind thru (over time) the financial hit from the mess up of the 6PM acquisition