ILX Share Discussion Threads

[deanroberthunt] 11/6/2008 21:43

must be a large overhang if you can buy 15000 shares below the mid price.

[deanroberthunt] 10/6/2008 11:54

ffs Ken, any chance of some news........

[deanroberthunt] 03/6/2008 07:36

I hope we don't get too much business from BB. AL. and HBOS......

[spaceparallax] 02/6/2008 16:02

DRH,

I think they'll have learned their lessons concerning inaccurate reporting - it's a pointless exercise that bites back!

[deanroberthunt] 02/6/2008 12:03

"In this context we are pleased that our order visibility remains strong and for the current year we expect continued modest growth for the year ended 31 March 2009."

or they're just lying to us.....which is more than plausible, even on the main market it seems.

[mudbath] 02/6/2008 09:28

Cannot understand how resilient ILX are today in the face of current banking woes.The MM's have bigger fish to fry-but will get round to red penning these and other related stocks before too long.(imo)

[newkid] 31/5/2008 18:59

dean, I've held here for over 5 years and seen the highs and now the lows. Can't see much changing for along time so more or less given up on my investment here. If you want to invest your money then look at JRVS. One of the best recovery plays for along time. Our for the long term ANR,CTL business sitting on 7.5 billion tons of coal.

Regards NewKid

[deanroberthunt] 30/5/2008 14:22

I'm slighlty on the fence regarding Ken Scott, on one hand he should be applauded for pulling this company from the toilet (the cleaner was prep'd for flushing), with weeks of money left and debt galore, into a stable profitable one....

on the other hand, imo he's had long enough now to sort out the acquisitions, and start producing some decent growth...he's fallen well short of his own and the markets expectations, and hence the depressed share price ..they need convincing, although he's only predicting modest growth going forward into 2009...but in his defense, thats probably as good as in light of the current environment, for which he cannot be blamed....

so all in all I'm happy to stay holding having bought in at 46p, 43p twice and 35.4p....but I would want to see some decent eps growth looking further forward into 2010/11 and beyond....another year of foundation building in this climate would be acceptable, but then its time to stand and deliver.

rgs

[spaceparallax] 30/5/2008 13:47

DRH,

You truly are a sinner - gluttony!

[deanroberthunt] 30/5/2008 11:31

for my sins I added some more the other day at 35.4p......

[deanroberthunt] 30/5/2008 11:25

and if he ever gets near £50m turnover, then a fair value share price would be in the region of 250p.

[spaceparallax] 30/5/2008 11:21

We and numerous officionados have been saying that for a long time.

[deanroberthunt] 30/5/2008 11:18

Simple, if Ken hits forecasts, then this is silly cheap.

[dusseldorf] 30/5/2008 09:55

Is anyone elses advfn access playing up? mine keeps saying that ILX is blue as the price has risen - must be a mistake

[spaceparallax] 29/5/2008 13:12

Given the mixed bag of results past and ambiguous speculation surrounding ILX, I intend to sit tight and await the official line. The one thing that continues to scupper share price behaviour, irrespective of Company performance, is the dreaded share overhang - it really would be great to banish those skeletons.

[deanroberthunt] 29/5/2008 07:30

So, Questor, it was worth buying on a fwd pe of 15, so what is it now its on a fwd pe of 3 for 2009??

[deanroberthunt] 29/5/2008 07:24

Something from history, just shows how little they know.......from mid 2006.
Ken Scott's £50m turnover in 2 years quote is a pearl too....falling a bit short me thinks...try 2012.

ILX Group

Share price 96.5p +5.5p
Questor says Buy

ILX Group is perhaps not the best known company on the market but it has certainly had an eventful history. The training business began its quoted life as Time2Learn, a dotcom business that quickly went nowhere. Then it became Intellexis.

It was during this period that the current chief executive, Ken Scott, took over, in 2002, when it was losing £150,000 a month and running out of cash.

Today, ILX is a growing training group, generating cash of £950,000 in the year to March, with profits up 20pc to just shy of £1m.

Scott's plan is to become an increasingly dominant player in the world of computer-based and classroom training. Both are fairly decent margin businesses although, obviously, training done over a computer is far more lucrative. Its current niche is in project management and service management training, with a focus on PRINCE2 and ITIL qualifications.

The business to date has been built up through a series of focused acquisitions, and this is likely to continue. But Scott is keen to expand the offering, potentially in areas such as financial qualifications, compliance, human resources and the type of qualifications required for pharmaceuticals salesmen.

The strategy is to continue to look at well-defined markets and offer high-end vocational training, with the aim being to get the business up to a £50m turnover company within two years. It had sales of £6.91m last year.

The balance sheet is not in a bad shape, with low debt levels, boosted by the increasingly cash-generative nature of the business.

From a share price perspective, the shares are well off their peaks of just below 125p at the turn of the year but do have further to go. Based on the latest research from broker Charles Stanley, the shares are sitting on a forward price-earnings multiple of 15 times. ILX is paying a maiden dividend of 0.75p alongside these results.

Both these factors, added to the company's growth potential, mean the shares are worth buying.

[deanroberthunt] 28/5/2008 07:19

No significant contract wins for nearly 12 months now..........and please, no more acqisitions...

[orvil] 23/5/2008 14:50

dean- i have not seen any large sells recently I think its just general lack of interest in buying.

[deanroberthunt] 23/5/2008 14:47

they should sort out the existing acquisitions, before burdening themselves further.....spreading the resources too thin...the scurge of the minnow..

i hope thats not the case Dusseldorf...but the fall seems too extreme to be just small sellers....

[dusseldorf] 23/5/2008 14:41

perhaps we're looking at the wrong area. Several other companies have had similar declines prior to announcing acquisitions - maybe the only way the acquistion (if that was still part of strategy) could be funded is with discounted placement - either way not good for shareholders short-term

[deanroberthunt] 23/5/2008 14:23

its current valuation says heading for admin....the slightest positive news and it will double.

[deanroberthunt] 23/5/2008 14:16

if one looks at the website they're winning new work, just not RNSable (10% of current turnover or more).....is the downturn hitting the bottom line....

[orvil] 23/5/2008 14:14

dean - its not just this share that is suffering my portfolio of aim stocks has been anhilated