ILX Share Discussion Threads

[aa29] 19/3/2007 17:11

Thanks for the alert. I topped up later on at 84.5p.

The look on Ken Scott's face on Trading Places last month was pretty reassuring. I'll be amazed if there's not a trading statement in April.

[spaceparallax] 19/3/2007 14:50

To paraphrase Victor...."I simply cannot believe what's happening with the share price recently"

Presumably today, we have a significant disposal by a major or KB - share price well down. As a result, I've taken the oppo to top-up with 4K @ what I consider to be a bargain price of 83p.

Any thought Jiab?

[spaceparallax] 19/3/2007 10:27

UK Analyst offering on ILX yesterday:

"ILX Group Plc is a leading provider of education and training services and related software development. The group's operation focuses on providing Project Management, IT, and Business Finance Training, delivered primarily through computer based training and e-Learning software, supplemented with more traditional classroom courses and workshops. The group has expanded both organically and via a series of acquisitions.

The financial year ended 31 March 2006 saw ILX Group demonstrate its ability to deliver profits, strong organic growth, and well judged acquisitions successfully integrated within the group's framework. The year to 31 March 2006 was a year where ILX developed a wider offering of high quality classroom training, e-learning, and consultancy, which has allowed the group to provide a flexible delivery option to customers. The acquisitions of Mount Lane and of Customer Projects during that period, helped deliver the overall surge in growth.

Since then, ILX has sold training products and related services across the group to an impressive list of some 700 customers. These include the likes of Legal & General, Royal & Sun Alliance, BAT, BP, Premier Foods, AT&T and Vodafone. Elsewhere, ILX's most recent acquisition, Corporate Training Group, is expected to have a marked impact on the current year's performance. CTG, a respected financial training company showing rapid growth and high profitability with a very long and strong forward order book, will bring considerable scale and will effectively double the profitability of the current ILX Group business.

The company's interim results for the period ended 30 September 2006, proved how the CTG acquisition was immediately earnings enhancing. Turnover for the period was 4.47 million pounds (6 months to September 2005: 2.94 million pounds), including a first time contribution of 1.22 million from the Corporate Training Group. Profit from operations was 577,996 pounds and net profit attributable to equity holders was 354,324 pounds. Adjusted earnings per share (adjusted for a tax charge in the interim results) for the 6 months ended 30 September 2006 were 3.58p. A single digit current year rating for a strong growth play looks unduly harsh."

Space.

[jiab] 28/2/2007 11:33

Space, usual MM panic set in place. 10% down at opening with not one share traded on all my small caps. The sheep have fallen in again.

[spaceparallax] 28/2/2007 11:03

Curiouser and curiouser.

Also, surprised to see us so heavily down today on modest trading - a solid bet for anyone with cash to top-up.

[jiab] 27/2/2007 17:57

Space, not sure who Giltspur are, but looking at todays TDW data (which I believe, going on recent form, should reflect last nights announcement), does not reflect any part of this holding. Looking back on some part of this thread, it looks like they had some part of ILX a while ago, so I would deduce that TDW or their sources are incorrect.

Barnard Nominees Ltd 2,177,430 11.70
Investec Trust (Guernsey) Ltd 1,100,000 5.91
Park Row Group PLC 1,030,652 5.54
Singer & Friedlander AIM 3 Venture Capital Trust 986,138 5.09
Kate Blackall 843,190 4.35
Marlborough Fund Managers Limited 760,000 4.08
Andrew & Anne White 711,000 3.82
David Coleman 584,000 3.14

I'll do some more digging................

...........update, Giltspur were listed in the 06 accounts (487.495, 3.8%), so looks like TDW have it wrong. The ante looks like it has been upped by about 1m shares, or so (I can't recall when the events were, but don't thin k they've been in the last 12 months. Maybe KB disposals are Giltspurs acquisitions?

[spaceparallax] 27/2/2007 09:09

Interesting to see that Giltspur's holding has risen.

Jiab,

I hadn't spotted Giltspur's absence from your list - do they masquerade under a different name?

[joe217] 21/2/2007 13:52

Sure can!!! LOL

[spaceparallax] 21/2/2007 13:39

Okay Joe,

perhaps I can deputise for when you're away?

[joe217] 21/2/2007 13:18

Space, I am the one who holds the gormless title on this board, please remember that, I have held since the very start!!!
So I have a huge loss, but I am really looking forward to this being some what reversed over the next couple of years. Joe.

[spaceparallax] 21/2/2007 13:04

Joe,

Apologies for my gormlessness.

[joe217] 21/2/2007 12:37

Yes we were tipped yesterday, as above from my prevous message.

Stockmarket channel!!!

Cheers Joe.

[spaceparallax] 21/2/2007 09:39

Anyone know if we've been tipped? The day seems to have begun with a flurry of Buys, uncharacteristic of recent times.

[spaceparallax] 20/2/2007 16:30

Joe,

That's my understanding too. I can only assume that kate B is still reducing her holding, which is pinning down the SP, which in turns disappoints PIs who get tired of the situation and sell, which....etc.

This situation can't go on indefinitely and hopefully we will see a significant rerating in the near future.

[joe217] 20/2/2007 16:17

I picked this up from a poster (forwardloop) on III, must say that mr Scott did give a good account of himself. Suggested that there might be a trading update soon.

..not for the first time on


But at some time in the future IMHO this stock must take off.
I know us long term holders have had disappointments and have heard it before & are tired of waiting:

Ken Scott said :
yr end 31 march 2006 - profit was £900k
Ditto yr end 07 expected to be £2m ( ie PE 8.6)
& for yr end 08 expected to be £3m.
Current mkt cap c £18m

All component businesses doing well in a good back drop of financial training mkt.
All of the ? 8 companies they have t/o & integrated to the gp doing well.
Hint of positive trading comment before announcing date of results.
IMHO a BUY with a medium term view.

[spaceparallax] 13/2/2007 12:26

We seem to be suffering a spate of Sellers on the back of the modest recent rise - I suspect that it's down to boredom.

[gandalfthegrey] 07/2/2007 19:34

Hey Wax, mate who says he knows someone who worked for KB way back says she is into the beauty business now - praps its a black-all perfume to rival Jade Goody.

[spaceparallax] 07/2/2007 18:45

Interesting late Sells - perhaps the work of the sinister Miss Blackwell!

[spaceparallax] 07/2/2007 09:42

Since I last posted, the Market appears to have sat up and taken note! Up 3p on a declared 900 Sell - methinks we must have a substantial Buy order to be filled.

[spaceparallax] 07/2/2007 09:06

Joe,

You're right about the improvements being recent i.e. since KS arrived - he seems to be growing the business nicely, both organically and acquisitively. My only reservation is that the growth should remain well balanced i.e. not just through acquisition, although to be fair, acquisitions so far have been very successful and contributory from an early stage.

Thanks all for the support, it's been a bit lonely here on sentry duty!

[joe217] 06/2/2007 20:38

Wax I am ashamed to say that I been with these Guys right from the start, only in the last two years has there been positive company action, sadly this is not reflected in the share price yet, so yes good old Park row have been there right from the start, they bit like me suffered massive losses up to now.

The fundementals looking forward are giving me renewed hope.

Cheers Joe.

[waxinglyrical] 06/2/2007 18:36

Also interesting that Park Row have been there throughout - they've not been tempted to do a KB. Let's hope we see the back of her soon.

[joe217] 06/2/2007 18:07

Spaceparallax, just letting you know that you are not alone, I hoping for a trend up towards results in June, I am no eXpert but to me this is looking like very good value, like to see Kate Blackall finish off her share sale. Cheers Joe. (DYOR)

[spaceparallax] 06/2/2007 12:49

We seem to be enjoying more Buying in recent days.