ILX Share Discussion Threads

[spaceparallax] 02/2/2011 09:30

Good news, the RICS award is particularly significant as it endorses the quality of the product by a body with real 'authority'.

[paleje] 02/2/2011 07:29

Can't quite see the point of today's RNS. Ok they're quality customers but the numbers are small so why the need to inform the market. To me it reads 'Difficult conditions but hey look we're getting lovely clients so we must be good' and that's almost like justifying themselves, but for what?
Having said that maybe shouldn't knock them, there are plenty of companies who don't inform the market enough:)

[spaceparallax] 27/1/2011 12:58

DRH,

It's difficult to argue against the time KS has had and we must accept that some of the acqns have failed, albeit not necessarily due to poor selection, rather down to target mkt spectacular crises.

My average is pretty much low to mid 30s and so I'm happy to sit tight because I still see a potentially big future with the E-Learning. That said I could understand others calling it a day.

[deanroberthunt] 27/1/2011 12:24

Ken's had long enough to make a go of this business imvho....
A succession of poorly timed and value erroding acqusitions over a fairly lengthy period...to combine with the total lack of organic growth for many years now.....

[masco3] 27/1/2011 09:14

If you are interested in quizzing management, the company is exhibiting at this show in April: www.masterinvestor.co.uk. They have a few free tickets available for shareholders and other interested parties if you email the organisers at [e-mail] quoting 'ILX shareholder'.

[orvil] 25/1/2011 07:34

Hopefully the resumption of a dividend following the Capital reorg will put some impetus into the share price.

[spaceparallax] 20/1/2011 16:08

Rarther, why not just let it go then.

[rarther] 20/1/2011 13:03

"spaceparallax - 20 Dec'10 - 13:39 - 1290 of 1292


Always nice to see a perfect poster who never gets a thing wrong!"

This was one of my biggest losses ever, i most certainly was wrong on intellexis. I discussed with ken his plans for the company and he won me over with his vision of a massive e-learning holding company realising value and squeezing synergies all over the shop, on the cusp of profitability and revaluation. A few "acquisitions" later and i had to cut my losses because their fundraising-at-all-costs strategy defecates on existing shareholders.

It really disturbs me that their practices are still going on 5 years later and investors are still funding Ken's crackpot strategy.

Sorry to upset existing holders who think it is worth a shot. Maybe you will be the lucky ones to hold if/when the jam finally comes, but its just a warning that history repeats itself and they've proven over an extended period that they are useless at achieving shareholder value. I would not be surprised at all to see an MBO once the last capital has been gobbled and the jam from the dozens of companies is about ready.

mudbath: you are very welcome, although that suggestion was from 8 years ago lol ;)

[mudbath] 09/1/2011 21:08

Rarther-there you are.
Just a note then to thank you for your WSI suggestion.It has managed to double in the past 6 months and if anything the rate of share price climb continues to strengthen.
Cheers,Mud.

[yoyoy] 09/1/2011 20:46

It would be good to see the directors investing significantly in their own company

[spaceparallax] 20/12/2010 13:39

Always nice to see a perfect poster who never gets a thing wrong!

[rarther] 20/12/2010 08:55

Its been a while... still the same thing here it seems. ILX is the only asset builder i can think of which buys good businesses and gets negative synergies out of it!

When are they going to learn that sales growth is not really growth unless the true cost to existing holders is reasonable and it has a positive affect on the financials?

The point of an acquisition is to add value. This company has shown over and over that it will dilute at any cost, so it has no perception of shareholder value. Ken believes the end justifies the means, but its a neverending story so small shareholders will never get a return. Any positive sum from the company goes to the directors, investment houses and the acquired businesses, small shareholders are just a tool to them.

Is it possible for any shareholder to have profited in the last 5 years (other than the previously mentioned parties who are sold shares like toilet paper) like ken and the boys have profited from their salaries? I don't think so. So many contract wins, successes and triumphs, but a negative sum to show for it.



If ILX ever gets a decent rally the company will dilute into it to further their crusade to turn every successful small company in the industry into an underperforming asset to merge into another underperforming asset..

Massive Caveat Emptor for small investors!

[paleje] 16/12/2010 10:49

There's a presentation on 13 Jan organised by Rivington St Investments, Ken Scott CEO of ILX will be one of the speakers.

[spaceparallax] 14/12/2010 10:10

very positive news - interesting to see how the Oz angle develops.

[eagle eye] 14/12/2010 07:38

Well done ILX for the contract wins. This all helps to underpin this year's forecast.

[orvil] 14/12/2010 07:26

Excellent news-maybe a re-rating is now in order

RNS Number : 8691X

ILX Group PLC

14 December 2010

ILX Group PLC

("ILX" or the "Group")

New Contracts in Excess of GBP500,000 Secured

Approved Supplier to Australian Government

ILX Group plc (AiM: ILX), the AIM quoted provider of e-learning software and business training, is pleased to announce that it has won two contracts with a total value in excess of GBP500,000.

Both contracts are with the UK Government. The largest contract is for GBP150,000 per annum over the next three years, whilst the other is an extension of an existing framework contract, expected to be worth in the region of GBP40,000 per annum over the next four years.

In addition, ILX has recently been made an approved supplier to the Australian Government. As a result of this the Company will be able to tender for work from all Australian Government Departments.

Ken Scott, Chief Executive, ILX Group plc commented:

"Although we see international growth as the driving force behind the Group we have to secure our existing client base and the extension of an existing UK Governmental contract combined with a new win augers well for the future. We continue to grow our international client base and becoming an approved supplier to the Australian Government is an important part of this strategy as it opens up many opportunities. In a difficult market we remain confident regarding the prospects for the Group."

14 December 2010

[devil20] 29/11/2010 12:35

Out of interest for you..from UK Analyst.

ILX Group: Placing and Interim Results Indicate Group Repositioned for Growth - Buy with a 40.5p Target Price


Key Data
EPIC
ILX
Share Price
26p
Spread
24p - 28p
Total no of Shares
26,963,580
Market Cap
£7.01 million
NMS
1,000
12 Month Range
19.5p - 31.5p
Market
AIM
Website
www.ilxgroup.com
Sector
Software & IT Services
Contact
Ken Scott - Chief Executive - 020 7371 4444





ILX is an international software business that specialises in accredited training, predominantly via e-learning solutions. It delivers products and services to over 5,000 corporate clients, many global blue-chip or household names, across 97 countries in both the public and private sectors.

The group specialises in the provision of e-learning and classroom based training for PRINCE2PRINCE2 ®, a globally acknowledged project management methodology, for which it has an 11% share of the estimated £70 million available international market for examination training and is the acknowledged market leader. ILX also offers training materials and solutions for MSP ® and ITIL ®.

[paleje] 29/11/2010 10:07

Big mistake but it done now, distraction out of the way, and they're on target to meet expectations for the current year, intend to restore divi, strong overseas growth, focusing on the most lucrative parts of the business. The share price has dipped today, a bit more and I'll be adding.

[spaceparallax] 23/11/2010 09:26

A welcome vote of confidence from Octopus

[masurenguy] 23/11/2010 07:54

GCI still seems to rate them too at this price!

ILX: ADD
20/10/2010
Robert Tyerman

A profits bounce and return to the dividend lists are in prospect for project management training software specialist ILX. After bloodying its nose trying to turn its CTG classroom-based financial training acquisition into an e-learning operation, the AIM-quoted company is proving notably more successful driving its activities in the 'PRINCE 2' project management arena in overseas markets such as the Middle East, Africa and continental Europe.

After a £600,000 fall in group pre-tax profits to £1.1m in the year to March on turnover down by £900,000 to £14.7m, chief executive Ken Scott says international revenues rose 50% in the first half of 2010-11, with improved margins, and should account for 20 to 25% of the total in the full year. With PRINCE 2 achieving a pass rate of more than 90% for users, he adds ILX aims to increase software sales to more than 70% of turnover by 2015 and is moving its shares from the support services category on AIM to software. Scott hopes the Government's spending review, by focusing the public sector even more on value for money, will increase PRINCE's business from state bodies, which now provide only 20% of its revenues. In 2009-10, the company had to pass its dividend as a condition of a bank facility for overseas expansion, but he says the intention is to restore it for the current year.

House broker finnCap sees pre-tax profits rallying this year to £1.4m on £15m turnover, with £1.8m pre-tax on the cards for 2011-12. That implies an attractive prospective yield of 5.8% for the shares at 26p, last mentioned by Growth Company Investor in April at 24p and still a fraction of earlier levels.

Market cap: £6.1m
PE Forecast: 6.0
Share price: 26p

[orvil] 23/11/2010 07:21

Placing and Board Appointment

Octopus invest GBP900,000 @ 26.5p

ILX Group plc (AiM: ILX), the AIM quoted provider of e-learning software and business training, is pleased to announce that the Octopus Capital for Enterprise Fund ("Octopus"), which currently holds an 8.5% stake in the Company, has agreed to invest a further GBP900,000 in new ordinary shares of 10 pence each ("Ordinary Shares") at a price of 26.5 pence per share.

The additional investment, which will be used to reduce bank debt and fund further expansion, will give Octopus a holding of 5,396,228 Ordinary Shares, representing a 20% stake in the enlarged share capital of 26,963,580 Ordinary Shares.

The above figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

It is anticipated that these new Ordinary Shares will be admitted to AIM on or before 29 November 2010 ("Admission").

Following Admission, Chris Allner, aged 50, of Octopus Ventures will join the Board as a non-executive director. He is a highly experienced Venture Capital and Private Equity professional with over 25 years' experience in the industry.

He currently holds the following directorships:

Lilestone Holdings Ltd

The Kendal Group Ltd

First Sports Group Ltd

BDA International Ltd

Brandspace Group Ltd.

During the past 5 years, Mr Allner has also held directorships at the following companies: Steribottle Ltd, Gyrohsr Ltd, Covion Holdings Ltd, Luther Pendragon Holdings Ltd, Plastics Capital Trading Ltd, T4 Adbarriers Ltd, T4 Holdings Ltd and T4 Media Ltd. He was also a director at Gyro Nominees Ltd which was dissolved in September 2009, Octopus Private Equity CIP GP Ltd which was dissolved in October 2009 and Octopus Private Equity LLP and Octopus Private Equity Partners GP Ltd both of which were dissolved in August 2009, having never traded. No administration was involved.

There are no other matters required to be reported pursuant to Schedule Two (g) of the AIM rules.

Paul Lever, Chairman, ILX Group plc commented:

"We are delighted that Octopus has demonstrated their confidence in the management and the strategy of ILX with this further investment. I am also very pleased to welcome Chris Allner to the Board where I believe he will add value and make a positive contribution as we look to expand and grow the business."

Chris Allner, Managing Director, Octopus Ventures, commented:

"Octopus saw the opportunity to invest in a business with the potential to grow rapidly, particularly overseas, and the ILX Board felt that my joining them would help them achieve their objectives. I look forward to working with the team."

23 November 2010

[orvil] 22/10/2010 12:56

Tipped again in growth investor

The shares at 27p, still a fraction of the 54p at which we urged buying in early 2008. Existing backers should consider topping up holdings.