Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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IDOX: Investec raises target from 43p to 47p, buy rating kept.
Richard Kellett-Clarke, CEO of Idox, said: "We continue to develop new and innovative methods to drive productivity within the Public Sector, a market which is now focused on managing costs and efficiency. Our strategy to differentiate within the Engineering Information Management sector, by being the only provider to offer a cross platform interoperable solution, is now beginning to show results and, in 2013 this division will continue the process of adding new markets to its North American core. "
Can see plenty jumping on board on that news IMO
Well done IDOX !! all IMO
"The Group's three key metrics being revenue, EBITDA and adjusted* pre-tax profit, are all expected to be comfortably ahead of consensus market expectations for the full year. Like-for-like organic growth has also been particularly encouraging in both the public sector and engineering software divisions which, together with our active acquisition programme, will deliver significant top line revenue growth for the year." Was thinking of buying some more this morning!! but may be too late!
Consenus forecasts for the year ending October 31st 2012 are that IDOX will make pre-tax profits of £14.6m on turnover of £55.8m.
IDOX, an AIM-listed supplier of software and services, has bought FMx, a supplier of computer-aided facilities software. FMx, which is being bought for £5.6m in cash, provides facilities management software solutions to corporate, public and commercial property customers in over 30 countries. It reported revenues of £2.7m and underlying operating profit of £0.9m in the year ended March 31st 2012. The acquisition will be funded from IDOX's cash and existing debt facilities and is expected to be immediately earnings enhancing. FMx will be merged with IDOX's existing Engineering Information Management (EIM) division under the McLaren Software brand and management. The addition of CAFM Explorer to the IDOX EIM product range extends the division's existing project collaboration solution, now enabling it to encompass the lifecycle of a building, campus or facility.
Those that took the 2007 footprints on IDOX seriously have made quite a killing here. For those that like a challenge and like high risk plays, then I can seriously recommend they take a good hard risk takers look at this. A tad off topic but I have always been contrarian on LSE and with the Market. The following company is in the embryo stage of development but could grow into a very impressive company along with a few others that I have in mind at the moment, but for starters take a peek here! http://www.lse.co.uk/general-chat-discussion.asp?page=8&TopCode=JQ3JQ1NR#58165
http://is-research.co.uk/tearsheet/isr-research/idox-plc Need to add this earning enhancing acquisition (and more to come?) to this analyst's report.
Another good move :-) IMV
More shareholder value upside due medium to longer term! http://www.lse.co.uk/general-chat-discussion.asp?page=2&TopCode=CN3ET4TH#58168
Some decent buy's gone through after close,,,,,,,,,,wonder if we will get news in the morning ????????
Even though i am out of here its good to see this now breaking thru the 40p mark. GLA
Took no notice of that Mail rec. alway's run the winners I say :-) nice movement today I see ! all IMO
Out of here as sp is stagnating very handsome profit but maybe at full value as reported in Mail GLA
Software firm Idox has been offering hefty rewards against a backdrop of stock market gloom, having seen its share price nearly quadruple since April 2008. The group provides software that helps clients - such as local councils, private companies and charities - save money by offering more services online. The group reported a 54% surge in half-year profits to £7.3m last week. Investors who got on the bandwagon early might be wise to take some profit now, writes The Financial Mail on Sunday´s Midas column.
Nice to see this close the day over the 40p. Hoping this can sustain and advance on this level despite adverse markets
Martin Brooks, Chairman, said: "The first half of 2012 saw the Group report significant growth in both revenue and profitability. As well as the Group recording strong organic growth, our recent acquisitions have quickly and effectively been integrated, allowing us to expand our operations across an international market place. This new international focus allows revenue to be spread across a number of sectors and geographies, reducing our reliance on the UK public sector. "We continue to win major new clients across the Group, including the Greater London Authority in our Public Sector division and internationally within our enlarged Engineering Information Management division including Southern, Occidental and CH2M Hill. These new customers demonstrate our increasing ability to win and deliver major contracts to large governmental organisations and multi-national corporations"
Highlights · Revenue up 58% to £28.6 m (H1 2011: £18.1m) · Organic revenue growth of 10% · International revenues 31% of total (H1 2011: 9%) · Adjusted* pre-tax profits up 54% to £7.3m (H1 2011: £4.7m), reported pre-tax profit up 76% to £3.5m (H1 2011: £2.0m) · Adjusted* EPS up 56% at 1.58p (H1 2011: 1.01p); basic EPS 0.69p (H1 2011: 0.41p) · Interim dividend up 15% to 0.275p per share (2011: 0.24p) · Completed three earnings-enhancing acquisitions in the first half of 2012 with a further one completed after the period end in May 2012 · Net Debt £12.1m after funding three acquisitions totalling £15.0m, and increased dividend (H1 2011: net cash £4.1m) · Revenue blend between Public and Private operations moving towards parity * Adjusted pre-tax profits & EPS - derived by adding back exceptional restructuring and corporate finance costs, amortisation and share option costs.
Hi jange and all IDOX investors. This stock has had a meteoric rise inspite macro economic turmoil. But now it is time to lock in a few profits and run remainder for absolute fee monies will be churning remaining stock on peaksand troughs as before but investing current profits in SXX. http://www.lse.co.uk/general-chat-discussion.asp?page=1&TopCode=CN3ET4TH#53202
In that last 12 months IDOX shares have now gained 94.3%.
IDOX now says it has started a recruitment programme to hire new graduates as it seeks to "drive innovation".
Including acquisitions, revenues increased by 58% over the comparable period last year. Revenue growth in the Engineering Information Management business has benefited from several big contracts, including with US electricity generator Southern Company, Occidental in Oil and Gas, and CH2M Hill in construction and engineering.
Idox, the software firm is in full on hiring mode, after letting the market know its 2012 figures will be 'substantially' ahead of 2011. Excluding acquisitions, revenues from operations in the public sector and the Engineering Information Management businesses delivered 10% organic growth.