Idox Share Discussion Threads

[phillis] 19/11/2018 07:35

And a Chairmn leaving with immediate effect?
Wow!

[trcml] 05/11/2018 17:41

During recent months, there have been some interesting developments. A "high calibre" CEO, David Meaden, is now in the driving seat; CFO Jane Mackie resigned - she of the old guard - and a successor is being sought; and most recently Richard Griffiths previously an unknown shareholder has increased his interest gradually to a disclosable 5.49%. 31 Oct, announcement that Oliver Scott - of Kestrel Partners LLP, whose current and long-term holding in Idox is 10.34% - has been appointed as a non-ex. Today's announcement that the loss-making digital division has been off-loaded for £1. Idox say results sometime this month.

[phillis] 26/7/2018 16:23

someone bailing out today!

[catch007] 25/7/2018 19:23

This was a true 'kitchen sink' set of results all the dirty linen out. In a way I am encouraged as the bad news is out there and hopefully the company can progress now with very limited expectations in the short term.

[clocktower] 25/7/2018 09:57

Surprised the share price has not fallen a lot further, the accounts are shocking.

As I said before the best thing for shareholders now would be for someone to acquire the business, as I am sure there are efficiencies to be made that could be of great value to another party.

Is it even worth 35p a share?

[110543407] 25/7/2018 07:23

Interesting results. Interesting because rather than tucking away losses under goodwill or intangibles, they are being impaired. By far the main impairment comes from the acquisition of 6PM. These results show the reality that has been known for quite a while. Why did it take so long to be correctly revealed? Hopefully under the new leadership, many unanswered questions regarding 6PM will be addressed. This is the only path that Idox can take to re-build confidence and trust in investors.

[phillis] 25/7/2018 07:12

Used to be a good business
Time now perhaps for it to be acquired

[phillis] 24/7/2018 09:52

what will tomorrow bring?

[clocktower] 09/7/2018 12:49

What is is worth to someone else?

Will it end in tears of joy or tears of doom?

[phillis] 09/7/2018 12:40

that must be why the share price is looking a bit perkier

[110543407] 03/7/2018 05:45

6PM FINALLY RELEASE RESULTS FOR TEN MONTHS ENDED OCTOBER 2017 and 6 months ended 30 April 2018. No change in trend...further losses of £6.3m adding to an already dire financial negative asset position to minus £21m. Will the haemorrhage ever end? These results, I suppose will end up adjusting Idox's already submitted results, negatively.

[clocktower] 30/5/2018 13:41

IDOX is a bit of a spent force and until all areas have been stabilised, there is little prospect of growth imo.

[aishah] 30/5/2018 13:35

David Meaden is a good appointment. Some decisive actions taken, so I'll hold and possibly add on further weakness.

David enjoyed a 22 year career, including 12 years as Chief Executive, with Northgate Public Services (NPS) a leading supplier of specialist software, information technology and business process outsourcing services to public sector markets. NPS was a part of Northgate Information Solutions (NIS), a FTSE 250 company, of which David was a member of the PLC Board from 2004 through to the sale of NIS to KKR, the US Private Equity firm in December 2007. He then led the business through its successful sale to Cinven in 2014.

David has substantial experience of working with the UK Public Sector and during his tenure with Northgate Public Services, grew the business four fold to become a leading provider to Local Government, Police, Healthcare and Central Government agencies, employing around 2,300 staff across 8 UK locations and a development centre in India. David has significant experience of business transformation, software development, outsourcing and M&A successfully integrating nine acquisitions during his time at the helm.

hxxp://investors.idoxgroup.com/company/78-rns/510-directorate-change-david-meaden-appointed-chief-executive-29-may-2018

[runthejoules] 29/5/2018 10:01

Another fine mess SCSW has got me into. Bid please, even at 40p. Someone sort this bag of dog's eggs out.

[110543407] 29/5/2018 08:57

Phillis, not worth discussing the matter with you any longer. You are clearly too much of a PLONKER to understand.

[phillis] 29/5/2018 08:36

"HEALTHCARE is most definitely a problem" i think you said

Apparently not...

[110543407] 29/5/2018 08:22

that does not change the fact that healthcare wiped out a substantial amount of the company's net asset value

[110543407] 29/5/2018 08:20

and besides Phillis, it clearly takes a Plonker to try and incorrectly label other people as plonkers

[phillis] 29/5/2018 08:20

I see Health getting only a positive comment in this announcement

[110543407] 29/5/2018 08:18

and I was right Phillis!

[phillis] 29/5/2018 07:55

ah yes it was you

[110543407] 29/5/2018 07:49

Through 6PM, healthcare is most definitely a problem. So much so, financials of 6PM that should have been released by May have been postponed once again to end June 2018.
Additionally, Digital too is a problem. Clearly, this company does not appear to be professional in any way.

[phillis] 29/5/2018 07:40

who was the plonker who kept saying Healthcare was the problem

Except it was Digital

[aishah] 17/5/2018 12:01

Strong rebound from lows.