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Idox CEO, David Meaden and CFO, Anoop Kang present full year results for the period ended 31 October 23, followed by Q&A
Watch the video here: https://www.piworld.co.uk/company-videos/idox-idox-full-year-2023-results-presentation-january-24/
Or listen to the podcast here: https://piworld.podbean.com/e/idox-idox-full-year-2023-results-presentation-january-24/
Idox CEO, David Meaden and CFO, Anoop Kang, present interim results for the six months ended 30th April 2023, followed by Q&A. It’s a good first-half performance, with encouraging organic growth and continued cash generation.
Watch the video here: https://www.piworld.co.uk/company-videos/idox-idox-interim-results-2023-presentation-june-23/
Or listen to the podcast here: https://piworld.podbean.com/e/idox-idox-interim-results-2023-presentation-june-23/
Just looking into the SVB collapse and links to London listed firms. IDOX was actually featured on the corporate finance page of the SVB website, an RNS from 2019 detailed a borrowing facility that was at least partially supported by loans from SVB. These expired in December 2022, only just started looking into this so not sure how deep the link to SVB is with IDOX.
Thoughts?
https://twitter.com/CharlieUK98/status/1634994266824118272
Analysis of IDOX : https://www.youtube.com/watch?v=FJcSspdGq6c
IDOX H1 2022 results presented by David Meaden, CEO & Anoop Kang, CFO, to analysts, followed by Q&A.
Video: https://www.piworld.co.uk/company-videos/idox-idox-interim-results-2022-presentation-june-2022/
Podcast: https://piworld.podbean.com/e/idox-idox-interim-results-2022-presentation-june-2022/
Here is the IDOX FY21 results presentation to analysts incl Q&A given 27.1.22.
Https://www.piworld.co.uk/company-videos/idox-idox-full-year-2021-results-presentation/
Sea of red trades here. Why?
.... in the way of volume but firm upward movement since the figures.
Bidders having another look ... ???
Reasonable looking results but no interim dividend.
Yes that looks a bit toppy. Kudos to the sellers.
Paying up to £10.5m for gross assets of £0.4m. Hope earnings justify this purchase!
Elections should be good for IDOX however when I ask our local authority if used IDOX said that used to use them but stopped as they had serious problems and changed to a new supplier. Still used IDOX for planning etc. Elections should be an important earner - need to get their act together.
According to SCSW newsletter , IDOX back in talks about takeover ....they will need to come in higher at 75p I would imagine ?
“Growth in underlying revenues† and earnings compared to the same period last year“
† Growth excluding the one-off impact of the December 2019 UK General Election in FY20 Q1, for which there is no comparable event in FY21 Q1
Does this mean no growth? Good news about cash. But setting up an M&A dept given their past record may be worrying!!
Well played Walkley. Can't fault your strategy. I mistakenly kept hold of a few myself but, like you, I was more than happy to buy more in the 52's and the decent recovery meant I was able to have a positive day.
Management are making the right moves and I agree with the priority of further debt reduction/elimination after getting rid of 39% of it in 2020. Increased dividends back up to 1p + can follow in time.
Will be interesting what happens to the share price in the short term but either way the longer term prospects are looking nothing but positive.
For once got it right: sold half at 71p 2 weeks ago the balance at 71.5 yesterday and bought back at 52p this morning. The two disposal plus positive cash flow will wipe out borrowing of £16m (Oct 2020). Just have to hope that the board doesn't make any silly acquisitions! A more generous dividend policy would help things.
Well said. Couldn't agree more.
Trying to buy but NT only
50p
This mornings statement seems to imply the the BOE wanted more than 75p.
they'll have to justify that decision ......
What price the opening ??
As a long-term investor I am delighted that management has held firm on future valuation.
They must think, and I agree, that we will generate more value than was being offered over the long-term.
Great news for real investors, less good for short-termists.
IDOX has exceptionally strong leadership who clearly know what they want to achieve and how they will do this.
I will be adding on any weakness, this is a high quality business that is now pretty much debt free and has a lot of firepower to add on some very interesting acquisitions that can scale using IDOX's strengths in its markets.
Another disposal announced which should help limit the inevitable drop in share price this morning. Will hopefully be able to buy back.
Alliance news reporting that "Toronto-based provider of cloud-based software Dye & Durham Ltd withdrew its possible cash offer for Idox, which was previously announced by Idox in February."
Very strange that was no mention of the bid. The bidder has to put up or shut up by tomorrow.
"ldox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset-intensive sectors, announces that at its Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.
No shareholder questions were received ahead of the meeting, however shareholders remain welcome to contact the Company at companysecretary@idoxgroup.com."
Why no RNS statement about the AGM this morning?