PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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Looks as if the market is finally beginning to realise IDOX's potential. Results (and hopefully continued Dividend growth ) to be announced early January.
"The Group ended its trading year strongly and expects to report EBITDA and normalised pre-tax profit in line with market expectations and well ahead of the 2010 financial year."
This company is doing everything right - look out for another dividend lift when full year results are published (early Jan)
This leading independent supplier of software and services, has acquired Interactive Dialogues Limited and Interactive Dialogues NV ("ID") for a total consideration of €2.2m (£1.9m) in cash. ID is a leading supplier of e-learning and information solutions in Europe enabling organisations to conduct 'dialogues' with employees, customers and suppliers to achieve legislative compliance in areas such as Competition Law and the UK Bribery Act. The company is based in the UK and Belgium and its global client base includes Associated British Foods, Hays, E.ON AG, Alstom, PricewaterhouseCoopers, AB InBev and Xstrata. An initial payment of €2m has been made on completion and a further €0.2m is payable one year after completion subject to the fulfillment of certain conditions. ID had revenues of €2.4m for the year ended 31 May 2011. The acquisition of ID extends the range of solutions available within the Idox Information Solutions business and provides Idox with an e-learning platform that will be used to support customers across the Group. Richard Kellett-Clarke, IDOX CEO, said: "ID provides a compelling mix of content and software that fits with our core information solutions strategy of delivering quality datasets through robust technology in markets where we can develop a leading position. Integrating ID into our information solutions business enables us to leverage our core skills. This will accelerate growth in the ID business as well as developing online learning propositions across our existing customer base in both the public and private sectors."
Will be interesting to see how they perform across a year full of Local Govt cuts biting
RNS out after close of play. Great stock for long play and pays decent dividend. EX-DIV today. Can't wait for the payment on 18/8.
This shows that IDOX is not solely dependent on local authority business. Am sure this has held the share price down -even though judging by their results, their products seem to be in demand as councils try to become more efficient.
This coy also pays good dividend.
21 July 2011 IDOX plc IDOX unit McLaren Software wins contract with global steel manufacturer ArcelorMittal IDOX plc (AIM: IDOX), a leading independent supplier of software and services to the UK public sector and other markets, announced today that its engineering document management and control applications subsidiary McLaren Software has entered a global agreement to supply its Enterprise Engineer application software suite and related services to ArcelorMittal, the world's largest steel manufacturer. McLaren's Enterprise Engineer suite will initially be deployed within ArcelorMittal's European Flat Carbon Division with an initial contract value of €0.5 million. The global nature of the contract will enable other divisions within ArcelorMittal to sign up for McLaren's Enterprise Engineer suite and related services. ArcelorMittal is the world's leading steel company, with operations in more than 60 countries and crude steel production of 90.6 million tonnes, representing approximately 8 percent of world steel output.
http://www.hemscott.com/news/static/rna/item.do?newsId=148618753396276
but didn't understand the fall either - doesnt seem to be much volume involved. Anyone know anything
The "had to sell" brigade seem to have been seen off yesterday and we are moving up again this morning. The manager of the Oryx fund that sold 4,750.000 shares last week at 22p must be kicking him/herself this morning. They have missed out on over £100,000 - good job they kept 10m shares! IDOX is now by far the biggest holding in our Investment Club - we should sell some but even after the latest rise I don't know a better prospect for capital growth, and now a reasonable income as well.
Idox (IDOX) said it was well positioned to deliver a strong performance for the full year, as the supplier of software and services to the UK public sector posted a 56% jump in adjusted pre-tax profits for the first-half. For the 6-months ended 30th April 2011, adjusted pre-tax profits climbed to 4.7 million pounds on revenue ahead 21% at 18.1 million pounds. In light of this, the group proposed an interim dividend of 0.24p, up from 0.1p a year earlier. The shares gained 1.375p to 24.125p.
"Tip Update:GoodValueShares in Idox have more than doubled since our buy advice and currently trade on a more reasonable 11 times earnings forecasts. That still leaves scope for further modest upside and we now rate the shares good value.Last IC view: Buy, 15.25p, 11 January 2011"
Steady rise and pays DIVIDEND! Brill RNS!
Investec raises Idox price target to 28P from 23P; rating buy
Any ideas where we will get to?
Interim pre-tax adjusted* profits up 56% on building momentum IDOX plc (AIM: IDOX, 'the Group', 'IDOX'), the supplier of software and services to the UK public sector, announces interim results for the six months ended 30 April 2011. Highlights · Revenue up 21% to £18.1m (H1 2010: £15.0m) · Recurring revenues now 65% (H1 2010: 61%) of Group revenue · EBITDA margins up to 29% (H1 2010: 23%) on improved gross margins and tight cost control · Adjusted* pre-tax profits up 56% to £4.7m (H1 2010: £3.0m), reported pre-tax profit down 8% to £2.0m (H1 2010: £2.1m) due to higher non-cash intangible amortisation and share option charges · Adjusted* EPS up 63% at 1.01p, basic EPS 0.41p (H1 2010: 0.42p) · Interim dividend up 140% to 0.24p per share (2010: 0.1p) · New orders in core public sector software business up 11%, increased mix of longer term shared and managed service contracts · Completed and integrated four earnings-enhancing acquisitions in 2010 and a fifth closed in early May · Cash £4.1m after funding four acquisitions, increasing dividend and paying off remaining debt early.
Steady buying this morning before tomorrows half year results. Effect of acquisitions should be seen.
If interim dividend goes up in line with last years final (the board have indicated that their "declared progressive dividend policy" will be maintained - helped by paying off term loan early) than total payout should rise to at least 0.65p a 44% increase. This will still be covered 3 times on last years results and the acquisitions made last year for cash should mean that they will comfortably beat last years figs.
5m shares trade at 22p - may just be from one pocket to another as happened at current mid price.
shares just been bought. Another such big buy went thro few weeks ago. This will rise to 30p soon. Also pays good dividend. Got in at 19p.
half year results will be announced on 14 June (last year they came on 7th July). Surely announcing early means good news is coming . Final dividend went up 300%, expect similar or even more for the interim. Yesterdays 9% rise should be just a start - hang on for 30p or a bid from Crapita, Sercannot or one of the other big boys!!
6 month results due on 14th June. Expect interim dividend to increase in line with final..Moving up nicely today
OFT have cleared Lalpac takeover. Some interesting market share figs in the decision - IDOX looking very strong. Detailed decision: http://tinyurl.com/69br7uc