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IDOX makes money from elections!!
Price strong before the AGM tomorrow - perhaps expecting a positive trading statement.
The eventual sum of £100 million in revenue if achieved with commensurate cost savings and synergies normally associated with integration should feed through to a very healthy bottom line.
Volume not huge, 666k shares traded but all the right way. have always thought IDOX would be attractive to someone like SAGE who wanted to diversify their software offer. Would want a good premium to sell though.
Volume not huge, 666k shares traded but all the right way. have always thought IDOX would be attractive to someone like SAGE who wanted to diversify their software offer. Would want a good premium to sell though.
Volume not huge, 666k shares traded but all the right way. have always thought IDOX would be attractive to someone like SAGE who wanted to diversify their software offer. Would want a good premium to sell though.
....and again. Is this company final getting the recognition (and value) it deserves?
Think this is an all time high.
Agreed results could hardly be better . The div yield is a bit anemic but I don't really mind that ,a high growth company and they can probably utilize the cash better than citizen Joe. Well diversified which reduces risk , plenty of repeat revenue , nimble management and a market cap of only 220m. Possible tasty morsel for a large cap service company ?
Super results as expected; Minor quibble about the 8% growth in dividend as the report says: The Board is pleased to declare an interim dividend of 0.35p, representing an increase of 8% over the previous year's interim dividend of 0.325p. This increase is consistent with both our improved performance and our progressive dividend policy to grow dividends in line with earnings growth. Adjusted profit before tax*** was 36% up at £7.9m (H1 2015: £5.8m) Interim dividend of 0.35p (2015: 0.325p) up 8%" A growth in dividend in line with growth in earnings would have produced a 0.4425p dividend compared to earnings per share of 1.97p giving cover of over 4 times which I would have thought more than adequate.
and half year results tomorrow
Another all time high - some evidence of stake building, substantial dividend increase expected. Should be more interest in this share!!
Well there you go , it was Liontrust . Had to be pre - arranged transactions from another large holder. More today, so a large position is being built . Very interesting.
increase over the last couple of days. If these 100000+ sales are genuine and not pre- arranged the sp is holding up remarkably well. IMO still a solid hold / buy, this company has a nice niche in what should be a growth area.
Hargreave Hale Ltd went above 10% yesterday http://www.investegate.co.uk/idox-plc--idox-/rns/notification-of-major-interest-in-shares/201605181723136567Y/
At last good news causing the share price to rise! With net borrowing at 0.6 of 2016 EBITDA could increase dividend by 50% comfortably or do a share by back.
"Good cash generation during the period left net debt as at 30 April 2016 at £13.9m, 0.6x 2016 EBITDA and £9.2m lower than October 2015 (£23.1m). As a result of good growth in PSS, EIM's improved performance and good contributions from acquisitions the Board expects half year EBITDA will be substantially ahead of the same period last year. This performance is consistent with at least meeting the Board's expectations for the financial year as whole." Dividend not mentioned but surely time for a significant boost.
Trading statement this week or next - should be a serious amount of cash generated - receivables at the end of the year were £7m higher than usual because of business done just before the year end. perhaps - £12m + which would half borrowing.
for future earnings / growth, and you get a div . Has to be a buy. Mostly thinly traded so strongly held, can surge with some more positive updates / contracts.
Excellent results and looking good for next half. Recent contracts have meant debtors are significantly up which will become cash shortly.
Hefty
Hello Does anyone know if the company operates a DRIP scheme in relation to dividends? Many thanks for any assistance
some hefty movements?
announce the appointment of Laurence Vaughan as non-Executive Chairman effective from 1 August 2015. The current Chairman of Idox, Martin Brooks announced on 26 February 2015 that, as he was coming to the end of ten years as Chairman of the Company in May, he was anticipating standing down following a suitable handover period. Martin will therefore retire as Chairman and Director of the Board on 31 July 2015, but will remain available until 31 August 2015 to ensure a smooth handover. Laurence Edward William Vaughan (age 52) began his career with PricewaterhouseCoopers in audit and consulting before joining a client as its Financial Director. In 1993 he joined Sytner Group Ltd ("Sytner") where, as Chief Executive Officer, he led the team that grew the company from a single BMW dealership to a group with revenues of approximately £1 billion by 1997 when it was listed on the London Stock Exchange. Sytner was bought by US-based Penske Group in 2002 and Laurence joined the main Board before becoming Sytner's non-Executive Chairman. Sytner reported revenue of over £3.5 billion in 2014. In 2006 Laurence was appointed Chairman of Civica plc ("Civica"), which he helped float on AIM. He stepped down from its Board in late 2008 following Civica's acquisition by Cornwall BidCo Limited (a company backed by 3i plc) and the decision to cancel the trading of Civica shares on AIM. Laurence is also Chairman of Catapult Venture Managers Limited and r2c Online Holdings Limited, a Catapult portfolio company specialising in compliance and invoicing systems for truck, coach and haulage operators. Laurence was also Executive Chairman of Anglian Home Improvements Limited from September 2013 to April 2015. Laurence holds a BA from Durham University and is a chartered accountant. He is currently Chairman of Catapult Venture Managers Limited and founding partner of Opus Ventures LLP, a private equity business which he established in 2003. Commenting on Laurence's appointment Martin Brooks, the retiring Chairman of Idox said, "Laurence Vaughan is a highly experienced chairman with a strong background in acquisitions and achieving transformational growth. He is a strong believer in the importance of human capital and Idox will be able to leverage his entrepreneurial approach supported by excellent knowledge of financial control and reporting systems. I am confident that he has the ability to lead Idox to deliver on its strategy of growth by offering his exceptional knowledge set and business acumen. We welcome Laurence to the Board and I know my colleagues look forward to working with him." Laurence Vaughan, Idox's Chairman elect, said, "It is with great pleasure that I accept the position of Chairman to the Board of Idox. I hold the Company in very high regard and believe that through working closely with the highly experienced Board and senior management of the Group, we can implement the transformative
has acquired the entire issued share capital of Cloud Amber Limited ("Cloud Amber"), a leading provider of solutions delivering integrated intelligence for the management and control of traffic and public transport networks, for a total consideration of £4.95 million (the "Acquisition"). Cloud Amber, based in Bletchley Park, Milton Keynes, has a product suite which is focused on strategic highway control, local transport network management, public transport information and fleet management systems. It currently services over 40 local authorities and transport operators in the UK, with an increasing geographic spread through partner sales in Australia and current partnership opportunities in Malaysia. Idox already provides solutions in support of highways planning and the acquisition of Cloud Amber supports Idox's existing offering in the management and operation of the highway infrastructure. The directors of Idox believe that Cloud Amber will afford Idox the ability to provide a more comprehensive solution to new and existing customers of the Group, extending the product suite that is transferable into international markets. Cloud Amber reported revenue of approximately £2.4m, with EBITDA of approximately £0.6m and a profit before tax of £0.5m for its financial year ended 30 November 2014. The Acquisition will be funded from Idox's cash and existing debt facilities and the business is expected to continue to grow and make an increased contribution in the Group's financial year ending 31 October 2016 and beyond. The initial consideration payable is £3.75m with the balance of £1.2m subject to the future financial performance of Cloud Amber. After an initial transition period, Cloud Amber will be merged with the Group's Public Sector Service Division (PSS). The addition of Cloud Amber to PSS is expected to extend the division's existing geographical reach, product range, functional capability and customer base. Richard Kellett-Clarke, CEO of Idox, commented: "The acquisition of Cloud Amber is an extension of our strategy of expanding into complementary areas where we can leverage on our domain knowledge to provide value adding solutions".