ILX Share Discussion Threads

[graham1ty] 30/4/2012 07:38

See my post 1565: there was no reference in the first trading update to the divi ( though the interims said"committed to paying a full year dividend". Again, this announcement makes no mention.

this is a false market. Are we getting a 1.5p divi this year ? If it is cut, they will be slaughtered on the results, so why not tell us now.

As an aside, the statement today suggests that they are doing Ok and are in line with expectations: er no......the range given in Feb was £900k to £1.2m, so operating profit of £1m is actually bottom end of the range.

[spaceparallax] 29/2/2012 13:44

Dean,

It's always had potential but for one reason or another it's failed to consistently deliver. Current economic pressures are just compounding things.

[deanroberthunt] 29/2/2012 12:37

My view is it's a good little business, but it just aint for the stockmarket, the growth just isn't there imo.

[spaceparallax] 28/2/2012 13:26

Not surprised to see the downgrade, but I don't see major worries in the longer term. Unfortunately, it does look as if the mkt's likely to knock the share price down - perhaps even to the mid teens given a lack of support level

[argy2] 28/2/2012 13:11

TW was ramping this again recently ahead of the rns. Good job he keeps in touch with management so closely.

[markt] 27/2/2012 13:38

Post 1565
Got my vote.
(well, if Octupus manage to replace certain directors....and reduce director costs..perhaps some of us will be more interested again in the shares...)

"As per my post of about Sept, this is run for the benefit of the Directors who think thwey are running a large serious company, and pay themsleves accordingly. They are NOT a serious company. Ken Scott has been paid over £2m in the last 8 years ( go look at my old post) and the Board a totalof over £4m......and it is capitalised at £5m. "

----

Over at Creston there is the same problem imo of excessive reward for directors while shareholders lose...
..created a thread to remove the renumeration committee....some other posters interested...doubt anything will happen...but always worth trying just in case...(and I think ADVFN message boards are read by directors or institutions....so may be mentioned in the corridors of power...)

[spaceparallax] 27/2/2012 10:10

To be honest, given the current tough times, the TS shouldn't really be a big surprise - they're simply suffering like everyone else.

[poombear] 27/2/2012 09:15

I also decided to take the loss and move on, Good luck to holders, the international group may see this good yet, and I will continue to monitor.

[graham1ty] 27/2/2012 09:12

i was referring to post 1466 re salaries ripped out of this

[atlantic57] 27/2/2012 09:05

I am out.
Good luck to holders

The dividend is very juicy at these levels but will it be maintained.!
Agreed that the remuneration levels are as if this a big Company it is not.

[graham1ty] 27/2/2012 08:41

Oh God.Only just spotted the late Friday RNS. This is a dog, has always been a dog. I hoped ( well, prayed) that I could get a weeny bit closer to my average price of 80p....not a chance. Always positive, always disappointed. Really is time to get out.

As per my post of about Sept, this is run for the benefit of the Directors who think thwey are running a large serious company, and pay themsleves accordingly. They are NOT a serious company. Ken Scott has been paid over £2m in the last 8 years ( go look at my old post) and the Board a totalof over £4m......and it is capitalised at £5m.

It is also criminal not to have made any reference to the dividened. These leaves everyone up in the air; a completely false market: will they, wont they.....

Time to get the hell out of here. Blast

[atlantic57] 26/2/2012 22:59

The best solution would indeed be if someone bigger bought them out.

[mudbath] 26/2/2012 10:34

As a former investor in ILX,I still follow its fortunes closely,despite losing money on my earlier holding.

It is the involvement of Octopus and its B.O.D. placement Chris Allner that leads me to post what is O/T but might be of interest to resident posters.

Over at IMTK the company was very much led in the style of KS,in that a lot of noise was generated about potential,which was never quite achieved,with the company actually going into reverse, as ILX now also seems to be.

Octopus,at IMTK markedly increased their investment,sacked the CEO and parachuted in as a new leader,interestingly their own TOP MAN Matthew Cooper.Although at a casual glance the outlook appears gloomy for IMTK with the shares having lost 95% of their value,it is worth noting that Cooper and Octopus continue to invest heavily in IMTK equity;as opposed to here at ILX.

Could be the that KS will get the old heave ho,particularly if UK profitability continues to reverse,as seems very possible.

One final word on IMTK,whilst it is a UK based company,98% of its once again growing revenues are generated in the USA,where it has a blue chip client list.

Cheers,Mud.

[atlantic57] 25/2/2012 11:28

paleje Fair Comment

I am probably in Victor Meldrew mode now ( i just don't believe it etc)
It is not institutions that drive prices higher in the small cap world but private investors.

If you treat private shaeholders with contempt you will reap a rich reward.

[paleje] 25/2/2012 09:47

Aside from the accuracy of RNS's and timing of bad news, the company overall seems to be on the right track with international sales and e-learning doing well, just UK classroom sales underperforming. The sooner they can clarify, possibly with another update in April rather than waiting till June for the prelims, the better.

It's annoying and I agree with atlantic's view about informing more candidly, I'm sure in November they would have seen the deteriorating trend and should not have said they expected UK division to meet expectations. But that's AIM.

[stegrego] 24/2/2012 22:51

Any decent company doesn't release at trading update at 3pm on a Friday.

[atlantic57] 24/2/2012 16:48

I don't share Ken scott's confidence on the other hand the shares are not exactly on a sky high pe and the share price has fallen significnatly of late , now we know why.

[paleje] 24/2/2012 16:40

I know atlantic, well lets hope there's enough left in the pot for their bonuses:)

The profits fall is quite big, from 1.75m consensus to between 0.9 - 1.2m depending on the last 2 months trading. Proof of confidence will be how they handle the divi, I halved my holding after the rns, pity as I only topped up recently but c'est la vie, still fair value longer term 'if' the UK doesn't further deteriorate.

[atlantic57] 24/2/2012 16:02

Paleje The directors are always confident

[stegrego] 24/2/2012 15:41

Profit warning out about 30 mins ago....

[atlantic57] 24/2/2012 15:36

Well whatever is going on it does not look very encouraging.