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Well yes, all things being equal and above board ( please forgive the unfortunate pun ) we should still be in profit and this is a good time to buy, but I am often truly amazed at the accountancy standards to be seen in the self serving great British main exchange . Have a look at CLLN if you want to get really worried , it makes AIM look as clean as a whistle. How they get away with it is beyond me ATB
> we are thinking along the same lines re. 'sickness'.! I think I may well have been a tad gung-ho myself this morning having put a toe in. So I was disturbed to read that you were actually questioning whether the company would actually make a profit. Surely if they come in at around the figures they are now quoting, a 28% drop in the share price is overdoing things even for AIM.
Yes Omerta very sad , I have previously stated that the new management appears rather gung - ho, begins to look like they have also been rather gung - ho with the figures, also as previously intimated i have been very wary of the way this has been recently trading with it would appear a high degree of manipulation. This share actually owes me nothing like you I bought in many years ago @ approx 11 , and I have since sold some to take out twice my original stake . I am a believer in sectors and I think this sector has a long and rosy future and if idox can get it's act together the same would apply here . I feel sorry for recent buyers on the back of apparently manipulated trading volume ,but hopefully the company is still in profit and if they hold they could yet see a profit . I also am pondering re- buying but it does rather put me off when people go " sick "at such an unfortunate time. ATB
Hard to know. The company seems solid with generally good visibility of revenues but they do seem to trip up from time to time. They had a similar hiccup in 2013 I seem to remember when a profitability statement caused a sharp decline in price. Overall, unless there is anything else to fall out the profit updates then IDOX is essentially saying 2017 profitability will be at the same level as 2016. It doesn't really seem to warrant such a sharp dip in the price, but this is AIM after all. I suppose the real question is whether the revenue that shouldn't have been recognised in 2017 will arrive in 2018.
If the BOD have any sense then they might look at being a bit more generous with the dividend!
> if that all it is...?! This BoD are not endearing themselves to Institutional or Private investors. They badly need to get their act together....
why suddenly at the last minute they decide revenue is not for this year . DYOR
> what do you think now.? Sadly you seem to be talking to yourself on this bb. I have been a holder in the past (in the early days) but not for the past couple of years but was planning to buy in again recently .... and then put a halt to that on seeing the November announcement. Now I'm very tempted and as you obviously follow the company closely I would appreciate your thoughts....
A "1 " share trade was noted at 0800 today.
work out why this took a late rise , then I hear that the DUP have put the boot in. Chance of a general election.
The subsequent recovery in the sp indicates that the share was probably manoeuvred down to an unrealistic level. Often stop losses are set around 10% . The share fall was set at approx 12 % . I wonder why ? Notable that last year the trading update was issued on 10th Nov at, wait for it, 0700 !! Strange isn't it ?
Yes I wish we knew .,some strange goings on. Undoubtedly a good thing that K - C has stayed on , the new board do seem to be somewhat gung-ho so he may be a calming influence . I take some reassurance from the fact that the recent vendors of businesses have taken up shares @ circa 60 and they must have some confidence to do that. The update that has caused some uncertainty was IMO not too negative they are still having growth and timing issues are not uncommon . Results on the 20th Dec should clarify. I do however have a cynical view as to what is going on with regard to share trading and suspect the possibility of collusion / manipulation. The recent rise to 65 was apparently as a direct result of pre- arranged large volume trades in an otherwise illiquid market. The rise probably attracted in new PI's. Then slam bang the update at a very strange time , such trading updates would normally be posted at 7 before the market opens to allow adjustment / judgement and revising of stop losses etc. But no, the RNS at 1545 allowed for a disorderly market adjustment where MM,s probably pocketed shares from unsuspecting recent investors who would rightly feel somewhat aggrieved . As I have previously pointed out there was a spate of mysterious " 1" trades at the market opening before each of these events . I wonder why ?
Thankfully, the shares edged up a touch Wednesday, but given the present uncertainties it is hard to see much hope of quickly recovering the recent decline without more clarification as to what's gone wrong. The earlier decision by the former CEO, Kellett-Clarke to stay on the board is telling. Apart from the slowness in getting contracts it has been awarded to commence, hanging could signal some problems with the new CEO ...
Interesting read. Judging by the astronomical PE of WEY IDOX should have an sp of + 500 !!
There is a blog post on IDOX available here: hTTps://www.sharesoc.org/blog/company-news/abcam-agm-cambridge-cognition-ultra-electronics-wey-education-idox/
You would think that a loss had been announced. Not surprising that there has been some disruption in the markets that they operate . Debt up but otherwise no need to panic.
Yep the return to more normal volume and trading seems to signify that a " 1 " trade denotes the start of pre- arranged trading and a "4 " trade denotes the end.
strange going on here? Before all the recent activity and SP rise I noted a ! share trade as the first trade did not note the date but it was only a few days ago . The next day it was a 2 share trade , didn't note a 3 share trade ( but might have missed it ). Today I note a 4 share trade first thing in the morning, nobody with any sense would trade these quantities so this has to be some sort of signaling exercise . Makes me ponder just how " free and fair " these markets are .
close above 200ma 38.2%
CANACCORD GENUITY GROUP INC NOTIFICATION OF MAJOR HOLDINGS Acquire 13.54% of IDOX Voting Rights yesterday. Hargreaves Lansdown shows 735K+ Buy / Sell N/A @60p. Plenty of others buying too. IDOX Expansion: Acquisition of electoral software group Halarose (ShareCast News) [17 Aug '17 11:36]
another scandal hits the NHS . NHS Shared Business Services a company part owned by the government have lost / miss directed many thousands of patient documents with possible serious consequences for at least 1700 ill people and a cost of many millions to rectify the situation. Document handling is a bread and butter exercise for Idox , another possible revenue stream ?
No idea . But if there was a genuine 1 m + sells through the market the sp held up quite well. Looking at the 1 year chart the current sp represents a buying opportunity .( not that I am a chartist ) ATB
Anyone know why?
If the software etc supplied by 6PM holdings to the NHS performed well in the recent hacking fiasco , Idox could very reasonably expect a lot of new business from that source . Very large budgets in the NHS , the future could suddenly have become a lot rosier .
Trading update due this week (based on last years timing). Should be very positive.