Member Info for Walkley

No it isnt. The resolutions just tidy up their borrowing limits and were necessary changes if they werent to breach the company rules. They were sent out on 7th December FFS. I am not interested in the resolutions - we need a plan that gives existing shareholders a chance to recoup some of their money by paying off the banks.

AGM started at 11am. I am amazed that even if they haven't any hard news, they haven't read out a carefully worded statement and given noncommittal answers to the inevitable questions. Any such statement would normally be also given to the market, otherwise those who attended the meeting would have information that the market didn't have and be at an advantage. That the price hasn't moved significantly presumably implies that nothing very dramatic has been said.

They need more equity in the company and a rights issue to raise serious cash must be a possibility. My guess would be somewhere near £100m. The banks would underwrite it because they are going to get their loans repaid. If I was Mouchel I would be brave and set the price at about 50p a share (200m shares). This would dilute existing shareholders (112m shares) who didn't take up their rights but set a sensible level for the value of the company at £156m. This is 15 times current market cap., but would not be unreasonable for a company the size of Mouchel with no borrowings. That would be the best news, the worst would be rights issue to raise £100m at 5p a share, which would be 2bn shares (hope I have the decimal point in the right place ) and existing shares would be worth b**ger all! Perhaps something in between is most likely - or an announcement that they are still thinking about what to do! As to what will happen I have no idea.

Well it is the AGM - they knew it was coming so I hope that they will have moved everything to put together a clear statement about the future. The only other thing they could do is to help shareholders light effigies of Lerenius, Tilston and Cuthbert, which though satisfying would not make any difference to anything.

Don't expect any announcement until the AGM statement Friday morning.

Financial highlights · Revenues up 23% to £38.6m (2010: £31.3m); strong acquisition performance and successful management of core revenues · EBITDA rose by 33% to £11.6m (2010: £8.7m) · Adjusted pre-tax profit* up 36% to £10.9m (2010: £8.0m) · Profit before tax £5.6m (2010: £4.9m) after a higher non-cash amortisation charge related to acquisitions made and a higher non-cash share option charge · Adjusted EPS* increased 41% to 2.47p (2010: 1.75p), Basic EPS 1.31p (2010: 1.07p) · Final proposed dividend 0.36p (2010: 0.35p), total for year 0.60p (2010: 0.45p), 33% increase · £2.4m net debt at period end (2010: £0.9m net debt) after funding £4.3m of acquisitions · Established market leading position in the Engineering Document Management and Control market with the acquisitions of McLaren Software and, post year-end, CTSpace CT space will add significantly to future results: "CTSpace, which is headquartered in London, had revenues of £12.7m (approximately half of these were generated in Europe and half in North America), which generated EBITDA of £1.7m and pre-tax profit of £1.3m for the year ended 31 December 2010 when CTSpace had net assets of £4.1m. The business had cash at completion of £0.5m. IDOX will fund the acquisition entirely from a new term and revolving credit facility through its existing relationship with Lloyds Banking Group."

Too much wind yesterday and one turbine in Scotland spun out of control and burst into flames.

Results coming on 14th December - earlier than expected.

From trading statement "Sales revenue for the ten months ended 31 October 2011 increased by 20% to £153 million, including £4.9 million from the former C&G business compared to pro forma 2010 revenues of £127.7 million. Good progress has been made in addressing all the main operational issues identified at the start of the year. The English contracting business has been returned to profit, numerous asset disposals have been completed and the Group's mineral reserves have been substantially increased. Most notably, all key raw material cost increases have been recovered during the year. C&G has proved to be an excellent acquisition and we are well on the way to delivering the anticipated synergies from that business."

This company has t/o of £550m and an order book of £1.4bn. A £20m market cap seems low, but will see. Cash flow statement in the results looks good £39m inflow from operations before exceptionals. Investing and financing costs £18.5m so the business makes money. Some remarks re restructuring / change of control which sound as if asking for bids. Please, if they come, come quickly!! The last thing management needs are more messy bids.

Looks as if the market is finally beginning to realise IDOX's potential. Results (and hopefully continued Dividend growth ) to be announced early January.

Something is leaking!!! Yesterdays announcement should be interesting

Yes 60 to the £1 is impressive

"The Group ended its trading year strongly and expects to report EBITDA and normalised pre-tax profit in line with market expectations and well ahead of the 2010 financial year."

This company is doing everything right - look out for another dividend lift when full year results are published (early Jan)

AXA have bought 4,729,000 Parseq shares bringing their holding to 19,385,353 (4.43%). The price is given as GBP 0.08p which I suppose might be a rounding up of 7.5p . I looks as if existing investors are making sure that they have sufficient to either see off the bid, or force a higher price. Whilst I do believe that the bid undervalues the company this may cause Mr Cassis and his backers to walk away and the shares may fall back.

At last someone on the board has seen some sense: Todays statement: "On 19 September, Parseq announced that it had received an approach from Rami Cassis together with Nova Capital and funds managed by HarbourVest Partners, LLC in relation to a possible offer for the Company (together the "Potential Offeror") through a newly incorporated entity ("Bidco") at a price of 7.5p per ordinary share (the "Potential Offer"). In light of recent share trading activity and following conversations with certain of the Company's institutional shareholders, the Board is not in a position to recommend the Potential Offer to its shareholders. The Potential Offeror has requested the opportunity to enter into discussions with certain of the Company's major shareholders in order to obtain their views on the terms of the Potential Offer. Following this request from the Potential Offeror, the Company has sought, in accordance with Rule 2.6(c) of the Code, an extension to the offer period from The Panel on Takeovers and Mergers (the "Panel"). In light of the above, an extension has been granted by the Panel and, as such, in accordance with Rule 2.6(a) of the Code, the Potential Offeror must, by not later than 5.00 p.m. on 21 October 2011, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. A further announcement will be made in due course."

If we weren't all sitting on a huge loss +30% would be quite cheering! My £12 a penny on Tradefair is showing a nice profit for now no risk. Is something happening out there?

Double counting - probably from one pocket to another

"A "one-in fifteen years" meteorological event which caused low winds in the Northern hemisphere, reduced the wind resource to 20% below the 10-year mean." "Covenant compliance is maintained if actual wind volumes are statistically in the lowest 10% of long term averages (P90). Over the 12 year term of this debt this is considered remote...." Was actual wind in the lowest 10% of long term averages last year? What on earth does lowest 10% of long term averages mean?