The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I can see the media poking at this share. Conflicts of interest etc etc.
"Adjusted EBITDA2 of £9.6m (2019 H1: £4.1m restated1), a significant increase of 138%. " Most of this will be cash so borrowing should be well down. As customers are generally public bodies they will still be paying their bills.
Numbers looking good; Covid not affecting Idox much - what more can you ask for today??
Results with comparatives due early March. Next week ?
That would explain it , cheers
This was tipped yesterday in the Mail on Sunday.
.... good news pending ??
That would be nice , but more likely a realization that the fall on the 7th was overdone.
I actually liked the RNS because it shows that the board is serious about transparency .
Sudden upwards spike today -. Are some major software companies finally thinking about a bid ?
...... are out in force today?
How much are the European elections worth to Idox?
RNS was issued on 21 Feb.
Can't find a date ~ 1st March last year
When are they due to be published?
Welcome , I have held here for years . should hopefully stabilize around here .
If you want another good entry point check out my two posts today on CARD
ATB
Just joined this share as it looks like a good entry point.
GLA
purchase today which is encouraging . Lets hope the new management can stay more focused.
Also encouraging is the potential for a general election and new referendum which should add very nicely to the revenue stream.
Just looked up Laurence Vaughan and seems he's a fund manager and as a result sits on several boards as NED or Non-Exec Chairman. Maybe they have recycled their capital, so he's moved as well.
IDOX website shows his personal holding was only 232,250 or a tiny 0.05%, so hopefully nothing significant with this announcement and the share price has hardly moved.
You're right Oldone, it does seem negative that he is leaving with immediate effect, although he's been with them since 2015, so he could have bailed a year ago when the share price tanked.
To give no notice would normally mean a conflict of interest, a clash with the rest of the board or simply health reasons.
The share price hasn't done much since it crashed last December.
I remain hopeful that the company will report improved trading and the share price will begin to climb.
Chairman bails “with immediate effect” just prior to the trading update not a good look at the very least ....
Plenty it would seem my friend.!!
Any thoughts on current situation.?
Soros Fund management have bought 7% of IDOX
I think someone like Capita would be interested in buying Idox. Very good fit with their public sector IT offering.
some huge trades today.
Well, this company does know how to keep investors off balance: it is usually the new CEO that makes their mark by swinging the axe and then looking good as earnings recover. This time around, it was the outgoing bloke who did the deed, even before the new bod entered the building. But the good news of the week is the new investor which has popped up with a 3.4 per cent stake, Gran Fondo Capital. It bills itself as a value-based investor, which uses a bottom up, fundamental analysis "with a ten year horizon and a willingness to hold on .. during a crisis". Not only that but it boasts a "high conviction contrarian view" while also being willing to "drive value creation via constructive activism when necessary". So now we can sleep easy, eh?