Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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In certificated form under your mattress?
Odd I never got an email about this RNS. I mean I've lost a lot on this, I paid about 25p a share for a large portion of mine!
I think it's good that they have put in the leg work on cutting the cost base when they did. If they hadn't, it'd be a very bad RNS. This RNS is stable, so that's good.
So I am going to hold on and see where this goes. Can anyone recommend the cheapest place to hold shares? I'd like to at least keep that to a minimum as I weight this out.
And I do agree - absolutely no movement beyond earlier small acquisitions as far as I am aware on the MXLG effort to build a company of size and scale, as was touted, by acquiring and consolidating in the market. I doubt that Liberty Global have thrown in the towel, so something is up with that.
Restricting myself to Íde, MXCP at some stage will sell it. As we know, MXLG was thought of as a distinct possibility. Only MXCP and Íde know the intended journey to get to that point.
Slightly wrong with EV, nearer 63m if mcap @40m.
If they are added to the existing mxlg fold perhaps along with clco then maybe something of scale to build on. A t/o price of 100m would certainly be more acceptable to longterm holders from Cupid days. (nearly called it Covid - now that would be a terrible dating site name......)
Well done on that! I only know they require a much higher listed share price.
replying to my own post. Bit bored today @ work so had a chance to look thru previous RNS.
If Smith wants a return on all capital then he needs IDE @ 10p - well actually £0.096 - so a Mcap here of around £40m. Taking into account the LN's thats a rough EV of just over £50m. I wonder he has up his sleeve!
If Ian Smith vows that he wants a full return on his capital has anyone done the calc as to to what that would represent as a share price?
Revenue of just H1 - twice market cap.
I would like to know if an acquirer from the same sector could take advantage of the tax losses here and if so what value you could ascribe to them for the purposes of trying to work out IDE's intrinsic worth.
No thoughts on that, particularly. I am not sure where to take it, but we have now reached the I think a little unusual stage where the revenue is over twice the market cap.
So is that good, or what?
Wow this bb fills four letter words with **** automatically - thats ****** brilliant!
The interim CFO didnt stay around long. Either they couldnt afford him, he was ****, or no longer needed for whatever reason. Anyone any thoughts on this?
I do not see it as a shell, but I know what you mean. Fundamentally it depends on Mxcp's intentions for it over the next 5 years, with their ultimate aim being to take cash back to their interests there, whatever it takes. I think all options are open, and probably/possibly at the time when they may be required to support with cash.
a glorified shell?
Could it be used as a path to market for a private co? Plenty of juicy losses to take advantage of. Just a thought.
I still believe they will turn this around eventually. It may now be very cheap at the price.
In the interest of updating reports on MXCP/Íde, extract from MXCP results 3rd.December.
The path to recovery for IDE has been a long and difficult one and at times it felt like one step forwards, two steps back. Nonetheless the teams within the business, both executive and operational, have worked wonders and they now have a good platform from which to grow. The business was refinanced at the beginning of 2019 by the issue of £10.0 million secured loan notes. MXC now holds £8.0 million of these loan notes plus accrued interest, alongside 43.1 per cent. of the equity of IDE. The refinancing means that IDE now has secure, long term funding and no external third-party debt as the loan notes are held solely by shareholders. Whilst there remain challenges, in recent times IDE has moved into positive territory by beginning to win significant renewals and new contracts, testament to the will, enthusiasm and dedication to customer service from the operational team. There still exists a general level of customer churn in IDE which has impacted current year revenue and profitability, but this continues to be addressed and once this ceases, we anticipate the business will have turned the corner and should achieve market levels of profitability, which it is more than capable of delivering.
We remain confident that we will see a complete return of our capital from IDE.
Wednesday 30 September 2020
IDE revenue mix altered by COVID
IDEFirst half financial data from Croydon-based cloud and IT managed services provider, IDE Group, shows revenue dropped to £12.4m (six months to end June 2020) from £14.7m in the comparable period last year. Adjusted EBITDA was £400k, down from £1.2m last year.
The firm said that while COVID drove “significant additional business activity” around supporting mobile working for customers, this was unfortunately offset by “the majority of our customers” opting to defer projects into H1 and possibly 2021.
While IDE was able to initially save jobs through the furlough scheme, it has since had to make some of those staff members redundant. The company’s cash position looks finely balanced, and it’s possible it may have to seek additional funding if the economic situation turns out to be worse than it has forecast.
IDE has been through a reorganisation and is now split into Partner and Direct businesses. While it has clearly faced some significant challenges, the company says there’s a strong pipeline of opportunities particularly in this recently formed Partner division. As the impact of COVID continues to bite, IDE will certainly not be alone in suffering from the fallout.
Posted by: Kate Hanaghan
I would not mind a business i ran making £3.1 million profit lol
3.1 mill profit is disappointing?
Disappointing RNS. Needless to say, I had hoped for better.
T: Single - If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction, however, the market as a whole isn't told until the end, thus the order is protected.
that what i dun understand, how does it register as a sell then if theres buyers for the same amount?
still for every seller there is a buyer!
well at least the big trade is now in the open - hence the fall
2,630,000 @11.57