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https://www.lse.co.uk/rns/IDE/update-on-final-results-ovdaf26el4l3rpr.html
Consequently, there will be delay to the release of the results, which are now expected to be released prior to the end of September 2022.
The daft thing is they must know this is coming up. Don't announce it minutes before the end of August like you've been caught with your pants down. It doesn't engender faith in shareholders OR customers. Do it a few days before at least and make it look a deliberate decision.
The customers, I think won’t care and probably don’t even know. I think shareholders are an unwelcome nuisance for Mxc, who run this. Shades of that when they took it private, without giving shareholders any option but sell or go into the dark with them. I bought a great deal more Mxc when it hit the bottom before delisting, taking the view It’s all about Mxc, and the partners and concert party will get their returns through that. And me with them. Can’t see why not.
So I’m quite ambivalent about IDE - but in fairness to all would like to see them build it up and sell it off to give IDE shareholders a return.
I think it depends on the type of customer, but having had first hand experience in this area the customers do care. They want financial stability. If they're signing a multi-year contract they want to ensure you're here for it.
Right enough. From where I sit and the debt they have and the way they’ve dragged everything out I don’t think I would be signing up with them anyway. But customers have, or so they tell us, particularly second half.
I think Atos are providing more than enough work for IDE at present. Don't forget they are offering a service that Atos do not want to take on. The contracts are lengthy and with Parker's background in the Service sector, I think the future is quite exciting! Not advice, just an observation.
Lots of volume and mostly buys - either ahead of results or someone has heard a rumour imho…
Must be a leak surely?? RNS logged hopefully..
Hopefully it will do very well, i`m way down on this one. It will be interesting to see the response to a positive RNS.
Interesting last trade.....£18k.....1.2p
Been here a million times before. A brief surge. People try to hype it up. It'll be back down to 1p/ 0.9p in days.
We're past the hype now. Sorry!
Seen this rise yesterday or no news !! - why are the final results taking so long to RNS (covid) ? must be bad news coming.
why "must" it be bad news? Daft thing to say - they have to announce to the market if that were the case. Its a delay in the audit - I'm very relaxed.
They’re a tardy bunch anyway. And unless things have changed much going ahead, and following their trading update, then it’ll be as was. They were optimistic for H2.
I know we’re anticipating something on debt, at least with Mxc with whom it was mentioned they were in discussion ( Smith talking to Smith ) But with their history, I don’t necessarily expect it now, though hope for it to put it behind us.
Generally, with the Mxc partners retiring, my thoughts more go to what they’re going to do with IDE. It doesn’t take me far, but with Mxc’s large cash investment and shareholding, and the partners can only get their personal cash on sale and through Mxc on winding it up, Smith, Wheeler and the concert party have a real interest in creating greater value.
For completeness, Mxc will wind up with final payouts. In the meantime, they’ll do tender offers and cancel shares as and when they sell something.
So a trade of one share - otherwise known as a 1 code - maybe a RNS is finally arriving …
Wouldn’t hold my breath! Last day of month maybe!!!
Agree - plus these codes only happen probably half the time (but who buys one share?). Added anyway just in case lol
Wow, that theory is still being peddled. You'd think after the millionth time of it not being true people would give up on it. :)
Except that it has happen on shares I hold a few times - who in their right mind trades for one share? We know results are due but obviously I was wrong on this occasion
I'm not having a go at you, but this has been mentioned so many times and it never ends up with RNSs here.
Understood - any way some decent trades today and the share price is holding up well - just need some news now - codes or no codes lol