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Restructuring, redundancies and cost saving is a positive thing for company and share price going forward, recent contract win is nearly 3 times of the market cap! Cheap at 1.7-2.0 levels for long-term investors target 5p minimum, and for day traders 3p region. Any sniff of one or two more contracts and IDE fill fly. Strong buy at these current depressed levels!
It sounds like there still was and still is some costbase reduction to do, so will take a while to filter through.
I think the focus on annuity revenue and the work they've already done has placed them in good stead. This set of results in the middle of a pandemic is good. And the thought of the pandemic hitting a year or so back when their costs were rampant would have been terrible.
It certainly shows a turn around and stability of the business. The further costs savings will also materialise this year along side future contracts wins bodes well for growth in profit for 2021...
Business turnaround in progress.
Second half revenue £11.2m
EBITDA improvement from H1 to £0.5m
Pleasing contract placement already.
Suspect 21 revenues c. £30m together with ongoing cost reductions should see healthy profitable group by the half year here
01 February 2021
IDE Group Holdings plc, the mid-market network, cloud and IT managed services provider, provides a trading update for the year ended 31 December 2020. As indicated at the time of the Group's interim results in September, revenue and EBITDA in the second half of the year were slightly down on the first half, and IDE expects to report revenue of £23.6 million (FY19: £28.2 million) and Adjusted EBITDA* of approximately £0.5 million (FY19: £1.1 million) for the year ended 31 December 2020.
Never easy to predict share prices but all invested will be hoping for a decent trading update this coming week. If it’s progressive then I would hope for a good week especially with the low float. If it’s not then it could drop below 2p. Let’s hope it’s the former.
There were a couple of large trades reported after hours on Friday. Not sure when these took place but they were traded at 2.6p so I would assume they were from the previous day.
Good post.
The fact they held over the TU to Monday is positive and a short encouraging forward looking trading narrative would be perfect.
It’s really difficult to call a specific price as they are only now starting turn a corner. MXC are heavily invested and will want to make sure they start securing contracts and I know the price will be dependent on such results. I think that’s why they secured a sales director to purely drive revenue on part of the business. This year has started well securing a big contract so one would assume a share price of 4-5p wouldn’t be unrealistic by the end of this first quarter subject to future contracts wins and what affect the pandemic had on the operation on the last quarter of last year. The RNS with the trading update next week should give us a clearer indication of how they have faired in these challenging times and maybe a glimpsed into their future direction with a pipeline of potential projects.
Where do you think the SP will be end of Q1?
Íde is pretty much owned and run by MXCP ( who have most of the debt )and their cohort of regulars, Kestrel et al. It is quite incestuous, if you go into it.
I added on the drop in anticipation of the update. Will be an interesting few days. It’s going to go either way imo. Either fly’s on a good update or falls on a not so good one. Gla
MXC Capital 172,811,125 43.11%
https://www.idegroup.com/investors/major-shareholders
MXCP is the largest shareholder, pretty sure they are working behind the scenes, recent contract award to IDE of £25m speaks numbers!
https://www.idegroup.com/investors/major-shareholders
It is interesting and MXCP are heavily invested into this company so imagine they will be working behind the scenes to make this a turn around story to materialise their investment. Let’s see what the trading update rns reads, which looks like next week now...
I am an MXCP investor, with very mixed feelings about them. The partners in MXCP, realising their assets over the next four years will look after themselves . At a personal level, Íde is important to them. I think what they lack in communication, they make up for in cunning.
Expecting anything from IDE? You must be new here!
Not much by the looks of it lol
What are we expecting?
If update alludes to positive earnings then 5p+ must be on
I decided to hold rather than trade it at this stage. If news is good then I’m hoping to sell some at 5p. Can’t see the pump and dump here, not enough volume and it seems that there were more buys than sells. Tomorrow could be a big day
barbouran - this not a pump n dump. This IT company IDE is SOLID as a rock with that recent news of £27million contract awarded.
barbouran and other holders of IDE fingers crossed that MANY more multi million pound contracts to be awarded to IDE and this baby will be not at 2.0-3.0 levels but 30-40 levels! 10x returns!
INVESTVALUE plonker - in fact I have again re-bought IDE Hldgs (IDE) today before close at 2.30 but London South East platform does not show these buys at 2.30 from 16:25:31 to 16:29, but here are my buys on sharesmagazine platform. https://www.sharesmagazine.co.uk/shares/share/IDE/trades
TGrus
Posted in: RR.
Posts: 984
Price: 93.54
No Opinion
RE: The easiest stock to make a 40% return in a month!26 Jan 2021 11:41
Ok, I pick a tiny stock IDE Holdings, it's an IT company just got £25m 1st contract from the UK government, one more or two contracts and this will do 400%! Within a month time this will do much more than 40% compared to RR. but RR is a buy in 75-80 region?
Investinvalue, in fact I have traded IDE in December bought at 0.65 sold at 3.25 360% return and then from 1.70 to 3.10 sold today just over 80% return. YOUR ARE PLONKER fcuk IDIOT. YOU LOST YOUR BET ****-HEAD! You called and asked for a bet and I accepted. You lost PLONKER! 20 years experience in the finance MY ARSE!
I'm expecting a brokers note to accompany the trading update. Will be the first one in years and hopefully show some promising numbers going forward.
Had the opportunity to make just under 50% profit from yesterday’s buy but firmly believe they will have a decent update under the current climate. If it is then I can see it bagging quite easily from these levels. Hoping it’s not a damp squib