Ide Hldgs Share Price (IDE)

In the interest of updating reports on MXCP/Íde, extract from MXCP results 3rd.December.

The path to recovery for IDE has been a long and difficult one and at times it felt like one step forwards, two steps back. Nonetheless the teams within the business, both executive and operational, have worked wonders and they now have a good platform from which to grow. The business was refinanced at the beginning of 2019 by the issue of £10.0 million secured loan notes. MXC now holds £8.0 million of these loan notes plus accrued interest, alongside 43.1 per cent. of the equity of IDE. The refinancing means that IDE now has secure, long term funding and no external third-party debt as the loan notes are held solely by shareholders. Whilst there remain challenges, in recent times IDE has moved into positive territory by beginning to win significant renewals and new contracts, testament to the will, enthusiasm and dedication to customer service from the operational team. There still exists a general level of customer churn in IDE which has impacted current year revenue and profitability, but this continues to be addressed and once this ceases, we anticipate the business will have turned the corner and should achieve market levels of profitability, which it is more than capable of delivering.
We remain confident that we will see a complete return of our capital from IDE.

It's good to see the a bit of a ceanup. FINALLY removed details of people who haven't worked there for over a year. Also a bit of activity on LinkedIn which is good, although someone linking to their staging site which isn't great.

The web site looks to have been updated recently.
Looking good with a lot more information.

do we think these will go in the rite direction or are we going to see negative after negative

Also incidentally I made a post that companies need to announce material transactions - which has been removed. Which is odd, as that's standard AIM rules that can be looked up.

My point on that is trying to make out that the company is sitting on lots of exciting news and is holding it back is misleading. There may be positive news, and no they don't have to announce all news... but if it's signficant it'll be in an RNS.