RE: Well Tricky...13 Dec 2017 10:58
Hard to know. The company seems solid with generally good visibility of revenues but they do seem to trip up from time to time. They had a similar hiccup in 2013 I seem to remember when a profitability statement caused a sharp decline in price. Overall, unless there is anything else to fall out the profit updates then IDOX is essentially saying 2017 profitability will be at the same level as 2016. It doesn't really seem to warrant such a sharp dip in the price, but this is AIM after all.
I suppose the real question is whether the revenue that shouldn't have been recognised in 2017 will arrive in 2018.