ILX Share Discussion Threads

[spaceparallax] 06/9/2010 10:33

Do hope you're right Dean - I've stuck with them for several years for just that reason. Presumably you mean less haste, more speed.

[deanroberthunt] 04/9/2010 09:58

diamond in the rough this...potentially

if they get the int expansion right, we could be looking at huge growth....equally if they get it wrong, good night vienna.....hopefully, they'll take the measured approach, more haste less speed.

[deanroberthunt] 31/8/2010 18:34

5m profit bt in 2015......

[spaceparallax] 31/8/2010 10:50

nice to be nudging the SMA 200 line again

[grahamty] 19/8/2010 09:17

........unless they wanted to own a bit more of "their" business. There is an imbalance here between the salary that the top guys get ( Ken package £279,000) and their gearing to the share price success of ILX. At the moment even if the share price doubled, Ken's salary means far more to him that any shares. I want the Board of comapnies I am invested in to have the same interests that I do: healthy share price appreciation. Surely when Ken retires ( or resigns) we want him to have a nest egg of £1m worth of shares ? He will have to work bloomin hard over the next 5-10 years to achieve that.

[spaceparallax] 18/8/2010 13:11

They didn't have to buy.

[grahamty] 18/8/2010 12:28

And sorry, why are they buying a few weeks before the AGM and while in a very price-sensitive period ( the renegotiation of banking facilities) that is proving so tough that they have had to cut the dividend ???? Announce scare story about banking and cut divi ( as I said above, the negotiations are so tough they were forced by the banks to cut the divi). let share price drop 20% because of uncertainty, then few days later buy back in ??

[grahamty] 18/8/2010 12:24

Wow, spending £3000 each. Hardly a sign of confidence, just a token gesture. Ken has been in ILX for 8 years and has less than £100,000 exposure. John Pickles has been there 17 years and has built up a stake of .....er, less than £100,000. These guys do not have substantial equity interest ( apart from the thousands of options they granted themselves at 0p near the bottom). I think for Ken the £279,000 total package each year means a lot more to him than the shares. And the cut divi.......he has only lost £5685, and that is before tax, so the cut only cost him c £4000. Even the options are worth only £230,000 to Ken at todays price. This is a company where the Board is not geared into share price success.

[spaceparallax] 18/8/2010 10:16

Good to see multiple Director buying.

[orvil] 17/8/2010 11:05

My purchase to average down seems only to have been one day out-not bad considering i have been in for yours-note to self-must do better.

[tsmith2] 17/8/2010 10:48

chart looking v v good!

[spaceparallax] 17/8/2010 08:54

Great news, should help buoy the share price

[argy2] 17/8/2010 08:07

Market more affected by the divi incompetence.

[tsmith2] 17/8/2010 07:07

Great contract win. International division doing v v well!

[argy2] 13/8/2010 14:20

Looks like TW earnt his fee.

[orvil] 13/8/2010 14:20

Grahamity you state that "If just £260,000 is the difference between bankers approving refinancing or not, very very worrying." I do not thibk you have been involved in major refinancing of Bank debt in a recession if you thibk it is worrying. The alternative for ILX would probably have been the requirement for security over Directors property. The banks are committed to lend more but not to pay dividends, it is the principle of the matter not the sums involved that is relevent.

[metamick] 13/8/2010 14:15

good post graham have you tried contacting the company with your concerns

[grahamty] 13/8/2010 13:56

Cannot believe it. By chance my Annual Report arrived today. Though dated 24 June, the AR and AGM notice are dated 3 August. And...........proposed divi, justification for proposed divi, recommendation to vote for proposed divi. Timing is vvv odd and do not like at all. FD and Chairman say divi will be maintained. 10 months ago raise £900,000 at 25p and presumable dangle the divi as an incentive. But it only cost £260,000.

If just £260,000 is the difference between bankers approving refinancing or not, very very worrying. Far better to maintain divi, keep us sweet, and even have another small placing to pay for this supposedly fabulous expansion ( placees would get the 6% maintained divi). Just three weeks ago we were being told trading is ahead of expectations, and suddenly there are debt issues.

Cannot understand the timing; cannot understand the tiny amount involved. Could have made far better explanation of the working capital issues with overseas expansion ( if that is what this is about).

THIS is a horrible announcement and hope the Board get slated at the AGM, where resolution 3 no longer needs voting on. GRRRRRRRRRRRR

[metamick] 13/8/2010 13:44

Dont f---ing believe it only topped up on monday mainly because of the divi

[argy2] 13/8/2010 10:33

Plenty of chance now!

[deanroberthunt] 13/8/2010 09:53

i may add a few more today...

[orvil] 13/8/2010 09:46

My buy timing to average down was even better, but I am in it for the recovery which is still underway.