The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
....Gotta love these unwarranted / overdone 20%+ drops on some of these AIM shares. Good play for an easy 10 - 15% bounce with relatively safety. AIMHO DYOR.
I have just bought in
The news is not that bad to cause such a large drop in the share price, a bit over done i think ??
dox plc (AIM: IDOX, 'Idox' or the 'Company'), a leading independent supplier of software and services to the UK public sector and global engineering information markets, announces a trading update for the six months to 30 April 2013. The Company is encouraged by the underlying progress made in all of its businesses during the first half and continues to be excited by the multiple growth opportunities available to it. However, in light of a slower than expected first half of the year, the Board now thinks it is prudent to anticipate full year EBITDA is likely to be no less than £18 million, which reflects uncertainty of timing as to when those opportunities will crystallise. The UK Public Sector business has continued to increase its market share in its core markets, with the sale of 50 new systems in the financial year to date. We continue to promote and have been successful in growing our version of managed and hosted services while partnering with local government to deliver cost savings and improved services. We have completed contracts with the smallest unitary council, the Isles of Scilly and larger councils, such as, Hart District Council, Canterbury City Council, Sandwell MBC and North East Lincolnshire. These contracts are worth a total of £1.6m over the next five years. The Company has been awarded a further local government reorganisation contract in Durham, replacing 18 competitor systems and has been appointed the sole solutions provider for Planning and Building Control at Rossendale Borough and Sefton Metropolitan Borough Councils. The division is now starting to bid for contracts outside the UK in all its areas of expertise and has recently been awarded a framework agreement by the Norwegian Ministry of Local Government for an election contract. Within the Engineering Information Management (EIM) division, the enterprise sales pipeline for the business has grown significantly since the start of the financial year; however closed order values are lower than in the first half last year, which included two large enterprise deals. The division has seen growing interest in its off premise McLaren OnAir offering and SaaS based solutions. Recurring revenues in the division have increased by 18% to 58%. In the first half McLaren launched its virtual Business Process Outsourcing offering for document control. This has attracted strong interest and our first contract, worth £0.4m for the first 12 months has been signed in May. The division has continued to expand its global sales coverage and is on track to deliver multilingual and global 365-day support for its enterprise solutions. Whilst the Information Solutions business has seen slower than expected growth, due to reductions in Dutch grant rates and UK Government spending, it has maintained content subscription revenues, forged new partnerships and expanded its geographical coverage across the Netherlands during the pe
Apologies the previous header was automatically taken from the last time I wrote about IDOX
Drops nearly 10% on AGM statement with comments: "In Public Sector software there has been a steady continuing progression of new business from software vendor consolidations by local authorities, further increasing our market share. This is expected to result in further growth in the first half and an increased order book of contracted services to be delivered in the second half." "In Engineering Information Management software, there has been a quieter start in license sales compared to last year, as there are no global contracts currently planned to be signed in the first half. However, the business outlook has improved with a stronger pipeline through the continued investment in our sales team's global reach. Current customer intentions indicate a greater weighting of new license and services business in the second half, compared to 2012." All sounds reasonably positive to me but market a bit disappointed by final bit: "As is usual, and in a further year of global economic uncertainty, the board considers it too early to provide full year guidance." Perhaps a buying opportunity!
A specialist document and workflow management software supplier, IDOX (IDOX) provides large public sector organisations with the tools to manage information, documents and business processes, as well as helping connect councils with their citizens via the web. A focus on local government efficiency underpins the £188 million cap's prospects but its cleverly managed expansion into commercial markets should provide additional upside, as the London-based firm carves out growth opportunities in the engineering, oil and gas, utilities and even pharmaceuticals industries. Full-year figures for the 12-month period to end October (12 December) showed a 16% increase in public sector sales to £30.2 million, 52% of total revenue compared to 68% in 2011. In the commercial sector, the engineering information management and information solutions arms grew revenues by 31% and 59% to £17.8 million and £7.5 million respectively, partly thanks to acquisitions. Broker finnCap predicts 3.9p of earnings per share (EPS) this year rising to 4.5p in the year to October 2014, but these forecasts could look conservative. Some 57% of revenues are recurring and adding a strong pipeline of new business to this should lead to double-digit organic growth. That makes the current year price/earnings (PE) multiple of 13.6 look good value for a long-term growth play.
IDOX: Investec revises target price from 60p to 68p and stays with its buy recommendation.
A specialist document and workflow management software supplier, IDOX (IDOX) provides large public sector organisations with the tools to manage information, documents and business processes, as well as helping connect councils with their citizens via the web. A focus on local government efficiency underpins the £188 million cap's prospects but its cleverly managed expansion into commercial markets should provide additional upside, as the London-based firm carves out growth opportunities in the engineering, oil and gas, utilities and even pharmaceuticals industries. Full-year figures for the 12-month period to end October (12 December) showed a 16% increase in public sector sales to £30.2 million, 52% of total revenue compared to 68% in 2011. In the commercial sector, the engineering information management and information solutions arms grew revenues by 31% and 59% to £17.8 million and £7.5 million respectively, partly thanks to acquisitions. Broker finnCap predicts 3.9p of earnings per share (EPS) this year rising to 4.5p in the year to October 2014, but these forecasts could look conservative. Some 57% of revenues are recurring and adding a strong pipeline of new business to this should lead to double-digit organic growth. That makes the current year price/earnings (PE) multiple of 13.6 look good value for a long-term growth play.
Lion Trust Investment Partners LLP increase their stake in IDOX http://www.investegate.co.uk/idox-plc-(idox)/rns/holding(s)-in-company/201301111254363801V/ They must have confidence in the company GLA
From final results: '... Completed and integrated £24m of acquisitions funded by cash flow and a new acquisition debt facility resulting in year-end net debt of £21.5m (2011:£2.4m), maintained within a prudent multiple of EBITDA ...' Debt facility created, which is probably better than issuing more shares. Company has been buying back shares. I don't feel concerned, as the acquisitions bought have yielded good revenue streams. '...· Revenues up 50% to £58m (2011: £39m); a combination of strong organic growth and acquisition performance...' Good to see strong organic growth over the past 12 months. Long may it continue. Happy New Year All and the very best of luck! Regards
Has anyone any concerns on their debt increasing from 2.4m to 21.4m in 2012?
http://www.barchart.com/opinions/stocks/IDOX.LS Not to be taken too seriously, of course. But good to see 100% BUY. Kind regards & GLA
Acquisitions boost Idox sales and give wider customer base
IDOX: Investec raises target price from 47p to 60p and keeps its buy recommendation.
Over 50p
Highlights · Revenues up 50% to £58m (2011: £39m); a combination of strong organic growth and acquisition performance o Engineering Information Management Division revenues reached 31% of total (2011: 12%) o International revenues increased to 31% (2011:12%) · EBITDA** rose 44% to £16.7m (2011: £11.6m) · Adjusted profit before tax* up 36% to £14.8m (2011: £10.9m) · Profit before tax £6.9m (2011: £5.6m) · Adjusted EPS* increased 55% to 3.83p (2011: 2.47p), Basic EPS 1.94p (2011: 1.31p) · Final proposed dividend of 0.40p (2011: 0.36p), total for year 0.675p (2011: 0.60p), 13% increase over last year · Completed and integrated £24m of acquisitions funded by cash flow and a new acquisition debt facility resulting in year-end net debt of £21.5m (2011:£2.4m), maintained within a prudent multiple of EBITDA
Another all time high.
Is this company finally being recognised by the market?
Good end to the day -not massive volume
at same price are probably from one pocket to another.
more in smaller junk...?....
buy/sell..showing az a sell but dunno......
Software and services firm IDOX said it expects full year results to come in comfortably ahead of consensus market expectations for the full year. The firm said growth in both the public sector and engineering software divisions - and an active acquisition programme - had driven strong revenue and profits. The company's public sector division benefitted from assisting local councils in achieving cost savings and is expected to perform better than forecast. It is also enjoying organic growth at a higher level than anticipated due to the successful implementation of of IDOX's managed services and hosting products at UK councils. On top of this, the group was helped by the award of a framework agreement by the Government Procurement Service for G-Cloud Services. In engineering software, the firm was helped by new client wins, notably in North America, including two new contracts to provide 'SaaS' solutions within the oil and gas industry. This means the division is expected to report performance ahead of management's expectations and deliver stronger than anticipated organic growth, the firm 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," said Chief Executive Richard Kellett-Clarke.