Idox Share Discussion Threads

[8855] 28/2/2018 17:29

Thanks for this info - the plot thickens, with shareholders being left out of the loop.

I am very surprised that NOMAD N+1 Singer and lawyers Memery Crystal have not insisted on an RNS in February as per the last announcement in December.

[trcml] 28/2/2018 17:02

Both announcements are published on Idox website,on the Idox Health page under Recent Press Releases:

hxxp://6pmsolutions.com/about-us/our-customers

(NB: the prefix http isn't displaying correctly on this forum: if you copy and paste the link into your browser, you might need to ensure it's http and not something else!)

[8855] 28/2/2018 17:00

I see there was a buy of 1 million shares this afternoon - that might have propped things up? Or could be a re-classification within a fund.

I suspect there will be a UK delaying RNS tomorrow morning?

[trcml] 28/2/2018 16:53

I've made a few bob over the years trading IDOX but I've now taken a loss, not risking losing more; better for me to watch, rather than participate. Probably share price will jump up now!

[clocktower] 28/2/2018 16:44

CRISIS around the corner, the dog needs ditching again it would seem.

Surprised that today's drop has not been far more substantial.

[trcml] 28/2/2018 16:24

Also announced today on Malta Exchange re 6PM Holdings PLC:

"Changes to the composition of the Board of Directors of the Company
The Company announces that Mr Andrew Riley, Mr Jeremy Millard, Ms Barbara Moorhouse, and Ms Jane Mackie (collectively, the “Resigning Directors”), have tendered their resignation from the Board of Directors of the Company. All the said resignations are effective from the 23 February 2018. The Company thanks the Resigning Directors for their loyal service and wishes them success in their future endeavours.
Pursuant to the aforesaid resignations, the Company announces the following appointments to the Board of Directors, with effect from 23 February 2018."

More info about the appointments here

[8855] 28/2/2018 15:44

IDOX board members have a lot of explaining to do - they should really all resign surely? IDOX must be a candidate for takeover.....

[110543407] 28/2/2018 15:38

Not looking good. IDOX just published the below on the Malta Stock Exchange. Strange how nothing has been published in the UK.
THE FOLLOWING IS A COMPANY ANNOUNCEMENT ISSUED
BY 6PM HOLDINGS P.L.C. (“THE COMPANY”) IN COMPLIANCE WITH THE LISTING RULES.
Quote
The Company regrettably announces that due to delays in the audit of Idox Group, the group of
companies which the Company forms part of pursuant to the acquisition of its entire issued share capital
by Idox plc in 2017, which audit includes an audit testing process on the Company by Grant Thornton
UK, being the auditors of Idox Group, the Company is not in a position to meet the deadline for the
publication of its audited annual financial statements for the financial period ended 31 October 2017,
which deadline falls due today Wednesday, 28 February 2018.
The Company will be using its best endeavours to ensure that the said audited annual financial
statements for the financial period ended 31 October 2017 will be finalised and published as soon as
possible.
The delay in publication of the Company’s aforesaid financial documentation shall result in the
suspension of trading in the Company’s listed bonds by the Malta Stock Exchange with effect from the
first trading day following the deadline for submission of the financial information in question in terms of
applicable Listing Authority policy, until such time as such financial information is published by the
Company.
The Company will make such further announcements as may be necessary in due course.
Unquote

[110543407] 28/2/2018 08:28

In its announcement of the 13 December 2017, IDOX stated the following; As a result of the matters above, the Board expects that the Company's final results for the 2017 financial year will be announced in February 2018.
These results will take into consideration, I believe for the first time, the fact that 6PM which cost approximately GBP16.4M and now valued at a negative GBP18.6M as at 30.06.17 (as announced by IDOX 6PM on the 9 Feb 2018). This revision should dent IDOX's performance by GBP35M. Lets hope they have a rabbit in the hat. Although IDOX is known for releasing announcements half way through trading sessions which I find to be very unprofessional, I do suspect that no announcement shall be made today.

[phillis] 28/2/2018 08:26

December RNS

Final Results

As a result of the matters above, the Board expects that the Company's final results for the 2017 financial year will be announced in February 2018.

Hmmm!

[phillis] 23/2/2018 17:04

good new expected?

or merely wishful thinking
Wont be long now

[8855] 20/2/2018 16:02

So, IDOX really needs to announce a whole new board as the recent CEO has messed up / gone ill, the CFO got the numbers wrong and the Chair / NEDs appointed the weak Exec team in the first place and approved a bad acquisition.

Not a good situation, especially if the long awaited announcement fails to address the need to seriously strengthen the board.

Might be easier to sell the whole company on for a modest premium - maybe why that is why IDOX is taking its time to announce?

By contrast IDEA (Ideagen) seems to go from strength to strength!

IMHO

[phillis] 19/2/2018 13:59

nearly the END of February

[110543407] 09/2/2018 18:13

6PM Holdings just published their 6 Month to June 2017. Not surprising, more negative adjustments. Total equity as at 30.06.17 is now a whopping negative GBP18.5M. This does not augur well for IDOX and their long awaited financials (which have very probably been delayed because of 6PM). Who on Earth was responsible for the due diligence prior to purchase? Its time that someone takes responsibility!

[phillis] 09/2/2018 11:32

Presuably KC is waiting as long ashe can for some more contract news before dumping the long awaited RNS on us

[value viper] 01/2/2018 15:57

and err...where is the CEO ? still not a whisper of it....i think it's poor myself

[smithie6] 19/1/2018 11:56

you refer to 'the dog's boll#@$s
or human boll$&@$s !!??

[smithie6] 17/1/2018 13:50

interesting imo how the share price is weak every morning....but then rises in the afternoon...
to then do the same the next day !

fingers crossed that the price is dropped in the morning in order to trigger sellers and hoover up shares by some big fish...

[smithie6] 17/1/2018 13:47

the debt situation at last news wasnt good

so I think the co. will be keen to try to fix that before any new news , to avoid declaring bad info

and to give themselves time to try to get debtors to pay some of their outstanding bills......if the amount of receivables could be reduced then the debt situation could be improved a lot....as long as the receivables amount stated in last accounts is true of course !

[sharki9] 16/1/2018 16:26

iDox is not going to post anything until Feb, I have sent email and got a respond from the company which manage the communication "Thanks for your enquiry and interest in Idox. At the time of writing, we anticipate the next announcement from Idox will be its results, which as last week's statement said are anticipated in February. Kind regards"So we all just need to wait till feb for any further news, and who knows if that the first week or it could be last week ...

[value viper] 16/1/2018 16:12

I'm not sure I agree that new (old) CEO (back at helm) is anywhere near sufficient to allay concerns.

The (old) CEO went AWOL as the co finds accounting errors - that's what has thumped stock in my mind and still no update..........not satisfactory imv and the shares are slipping again.

I'm not surprised....come on IDOX...reassure the market asap.
Silence is deafening.

CEO been off over a month now.

[phillis] 12/1/2018 09:43

you aren't going to see any material move here until KC has had a clean out

[sharki9] 11/1/2018 16:48

Decent volume on the move up, in the morning it looked a bit low just over 100k. Fingers crossed