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Share Name Share Symbol Market Type Share ISIN Share Description
Idox Plc LSE:IDOX London Ordinary Share GB0002998192 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.10 -0.16% 62.00 62.00 63.40 63.00 62.00 63.00 34,787 09:59:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 68.0 2.7 0.3 213.8 276

Idox Share Discussion Threads

Showing 4451 to 4474 of 4675 messages
Chat Pages: 187  186  185  184  183  182  181  180  179  178  177  176  Older
DateSubjectAuthorDiscuss
20/4/2018
13:09
I wouldn't expect to hear any bid rumours. But I note Constellation have gradually increased their holding during the past few days (RNS). It wouldn't surprise me that something's up. HMSO's bid has put INTU into the spotlight.
trcml
20/4/2018
11:02
Where did you hear that opodio?
tree1234
20/4/2018
10:44
Bid rumour from constellation software in us
opodio
20/4/2018
10:40
Nice volume, biggest I have seen so far on idox
sharki9
19/4/2018
12:10
The dog needs rest, so once it has settled down a little lower that this level maybe to around 20p when we see the H1 figures, I think it could be back up ready for a run towards 40p within a quarter or two after that. While it fell on its face by trying to be to clever by far, the picture going forwards looks a little more settled.
clocktower
19/4/2018
10:52
What a balls up
phillis
05/4/2018
13:24
uf price under 30p I hadnt expected that ...luckily I had got bored waiting and hopped on to another bus a few p higher...
smithie6
28/3/2018
12:20
looking forward to the AGM statement
phillis
08/3/2018
16:13
looks like some bed and breakfasting taking place here
phillis
06/3/2018
13:59
For the third consecutive time Idox 6PM has failed to file their financials within the required time frame. Once again, their bonds listed on the Malta Stock Exchange which were suspended since May 2017 and only very recently re-listed, are suspended once again. How can one trust a company with such poor management - pre and post acquisition???
110543407
02/3/2018
12:02
I have held this for some time, but it has always seemed to be a jam tomorrow stock, with a disconnect between the management's warm words and the numbers. I have sold out today as the risks seem to outweigh the opportunities. Areas of concern: The engineering business (which was bought at the top of the cycle), has proven to be a very mixed experience. It is hardly mentioned in the results, apart from the fact that it's turnover shrank by 8%. It is now clearly non-core and will, I suppose, be disposed of at some point. What will be the level of write offs? Associated intangibles appear to be carried at £12m in the balance sheet. Why did they go ahead with the 6PM acquisition after due diligence threw up serious problems, that does not make sense? The audit report is heavily qualified. This is not done lightly. As Phyllis says above, read it. I have further concerns here though. The auditors appear to have carried out the due diligence on 6PM. I thought that auditors were barred from such work because of potential conflicts, but either the rules have changed or I am mistaken. Anyway, given the problems with 6PM, the auditors do have a conflict of interest. Has this affected their approach to the valuation of 6PM intangibles? I suspect there may be further write offs to come here. Cash conversion was 82% compared to 63% according to management. That's a long way away from 100% and casts doubt on the revenue figures. Accrued income has increased from £18.8m to 23m, £3m of which is organic. Well, lets hope the customers do eventually pay. £8.7m (2016 £6.1m) of this is not even due for payment until FY19. So this is a continuing and increasing issue, despite soothing words to the contrary. The company made a post tax profit of £2.6m. Its intangible assets are a staggering £122.7m or £145,000 per employee. Consider the condition of the balance sheet in the event of a material write down here. During the year, management made share option gains of £3.2m. Nice one. I think I am being asked to take too much on trust here and whilst the disclosure in the annual results is an improvement on previous efforts and I wish the company well, I am not yet convinced by the managements track record and the risks are too great for me here.
leading
02/3/2018
10:34
sphere what do you estimate 2018 eps?
phillis
02/3/2018
07:38
Interesting recovery one this? Had some large late trades reported here so it is attracting some attention. The reason for the fall was the delayed contracts and revenue recognition, which they now appear to have put behind them, will the market start looking forward: "Following the disappointment at the year-end regarding delayed contracts and revenue recognition, I am pleased that these matters have now been clarified and that we can look forward with confidence to the new financial year. Idox has an exceptionally strong market position in the public sector, a sound balance sheet, and multiple opportunities for growth. I am therefore confident of the Group's future prospects." Looks like a fair bit of recovery potential here if the market does start looking forward. Watching for a break of 40 to see some real conviction behind the breakout yesterday.
sphere25
01/3/2018
10:40
Serious (would be) investors should read the Auditors Report
phillis
01/3/2018
10:23
Summary: Overpaid for 6PM and got poor accounting records into the 'bargain'. 6PM accounts integration tidied up but at a cost. Going forward: stop chasing revenue, instead aim for higher margin contracts. Presupposing cash-strapped customers won't mind paying more PE approx 15 suggests share price at around 30p about right. Unless you think Idox has gone ex-growth in which case good business: shame it's not good investment. Market-maker sentiment: up share price to give the impression of pay more in the hope of return to PE 4 and 50p share price A few contract wins might push it to 60p. Suddenly, all what's happened will become a distant memory. If I'm right then I should buy now for my target resale 40p. But I won't.
trcml
01/3/2018
09:31
I have never come across anything like this before " I am particularly grateful to Jane Mackie, our CFO, and her team who in difficult circumstances upheld the Company's standards of honesty and integrity." Presumably this was the FD verssus newly acquired management (mainly 6PM?) but one wonders what role the CEO played or perhaps better to say didnt play in this? Anyway looks like things are back on an even keel but the implied P/E is way to high
phillis
01/3/2018
08:31
With the market heading down, I expect this will soon follow, as the fallout from 6PM being a judgement call on the management quality.
clocktower
01/3/2018
08:17
Unexpectedly nice start. Here's looking forward to another election, for a few reasons!
runthejoules
01/3/2018
08:16
These results are very much as I forecast several weeks ago. So in other words, there are no new surprises. Pretty poor outcome of course because of the duff 6PM acquisition. Way too many adjustments, so it's best to ignore the EBITDA and look at the cash flows instead and future prospects. Looks like there is no risk to banking covenants and debt likely to fall going forward.
roger-lawson
01/3/2018
08:02
Shares look forward not back. Up at the open as i thought !
jeanesy
01/3/2018
08:02
you guys are not interpreting these accounts correctly. The issues over 6PM have all been neatly tucked away under intangibles. If you deduct intangibles from assets, this company has a negative equity. That alone says it all. Reminds me of Carillion.
110543407
01/3/2018
07:55
These results are terrible, unsure if there's as terrible as the market already has baked in. Better outlook though. Expect a drop at the open with perhaps a recovery. Sitting duck for takeover but as these are legacy shares for me I don't know the sector well enough to know who might take them over? Any ideas?
runthejoules
01/3/2018
07:25
A lot more negatives than that jeansy imo, Adjusted EBITDA margin 21% v 28% Adjusted EBITDA decreased 14% to £18.5m v £21.5m for starters.
clocktower
01/3/2018
07:16
News today. Increased dividend. Positive outlook at first glance. Only negative to me is increased debt. Excpect to see this move up from here
jeanesy
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