Ide Hldgs Share Chat (IDE)

Perhaps to MXLG?

On balance, MXCP is selling down and paying out, though retaining half the proceeds of sales they say for future investment over the next 4 - 5 years before selling up completely. Possibly they have enough on building Íde and readying it for sale?

perhaps MXLG and Ian Smith will have a pop at RCN

Redcentric - once a business sorts itself out like Redcentric has there are 10-15 private equity backed roll ups in the sector, it's a natural end game for IDE.
Computercentre - trading is buoyant, materially ahead of forecasts, this is not a bad sector to be in.
IDE has its own challenges that it is working through, but there is every hope that with decent management there are better times ahead for shareholders, particularly those that helped in the rescue fund raise two years ago.

Will also be a bonus when FinnCap issue a broker's note. It's all a bit 'in the air (cloud)' at the moment.

Yes and it will be interesting to see what 'acceptable levels of profitability' means. And whether the outlook points to the delayed bigger projects now getting underway in H2 to underpin a better second half.

IDE generated positive operating cash in 2019 and felt able to make a small acquisition in June 2020... just small signs there is a brighter future ahead. It's taken a bit longer than hoped but the tone of the annual report was encouraging.

Like you say, the next update due by end Sept will hopefully confirm the recovery story is moving on from stabilisation to growth.

On that last, we are due an update/6month results.

In my view to move this meaningfully it will take a positive trading update to prove that having right-sized, the company is continuing to gain contracts. They are at least now able to turn their minds outwards with a stronger sales team - "supported by forthcoming developments in marketing and lead generation activities we plan to implement in 2020."

Hence the rises

Also loads of buys on NEX platform

#BulletinBoardHeroes 4th August 2020 @ZaksTradersCafe video charting update.

AA #AA
Destiny Pharma #DEST
Genedrive #GDR
IDE Group #IDE
Immotion #IMMO
Marechale #MAC
Oxford Biodynamics #OBD
Redx Pharma #REDX
Smartspace #SMRT
Tri-star #TSTR
Trafalgar #TRAF
UK Oil & Gas #UKOG

https://twitter.com/Share_Talk/status/1290611487795552256?s=20

https://www.share-talk.com/share-talk-bulletin-board-heroes-tuesday-4th-august-2020/

#IDE £10mln cap V £11mln loans over 6yrs from major holders paid off all debt etc and left with working cap. A sell 27th July end of what looked like iceberg seller. No guarantee that seller done so scale in if it looks attractive.

Target 3.5p-5p

Last update reassuring
DYOR https://t.co/f5gYw8JtA2

So much for that - and just one trade.

There has been a lot of support from MXCP and others. MXCP, for the very good reason they have 43% and outstanding loan notes, say that will continue. They have said they expect Íde to return " market levels of profitability" in time.It was a complete mess under previous management, and that is taking a long time to sort out. But they seem to have right-sized and stabilised the business, are streamlining and improving their offering, and are now looking outwards to growth with building a strong sales force, "supported by forthcoming developments in marketing and lead generation activities we plan to implement in 2020."
So at face value it is going in the right direction, and finger in the air and the paucity of trades I see no reason to think otherwise than that the current price is about the low, and provided their strategy continues to be sound, we can start to move up on any future positive news.

Slightly optimistic.....................

I would imagine that Adam will be brought in to "strengthen the senior management team" as per previous RNS.

The (ex) owner of Nimoveri certainly has a good track record. Of particular note is his experience working for Equinix. https://uk.linkedin.com/in/adameaton85

Agree. Quack.
Right at the very very end of today's announcement, a small acquisition in June 2020.
Yes, it is small, but a sign of confidence matched by quite a different tone in the statements in my opinion.
This is not an insignificant disclosure - they are prepared to spend some cash mid Covid on growth, so the comments about going concern seem to be really all about the auditors covering themselves than what the Directors really think. If cash was really an issue you would not be buying a business.
Investors have to look forwards at the future story from here.

I would say it is paddling and under firm control - https://www.idegroup.com/about/investors/major-shareholders/

And a sitting one whilst stabilizing ??

It is not a dead duck. It seems to be a stabilising duck.

If someone were to make an offer - even a low ball one it would at least put it on other investor's radars. The beauty here is that the debt is in house and the likes of MXC, Kestrel & Dobbie have invested far too much time,effort and money for them to accept anything cheeky. The news I was expecting concerned their results.

At times like this, its why annuity revenue is king. Short of your customers not being able to pay their bills, you have your revenue locked in.

There's also a real drive for cloud services and connectivity right now as well as agile support partners, so IDE in theory could be well placed.

Sitting duck is hardly a great place to be in for an investment. But I was more confused by you implying it was this week. As that was a very specific opinion.

They will want to sell it that's their MO, but its also heavily indebted and it's hard to gauge what's quite left in the company. Will be interesting to see if the next results show anything positive.

Redcentric the latest peer group company to suggest trading is resilient.
One day the directors of IDE will deem it time to update shareholders on their progress.
Keep guessing in the meantime!

Why can't I have an opinion? If IDE are doing as well as I believe, at this share price/ market cap they could well be a sitting duck.