IDOX PLC (IDOX)

IDOX PLC (IDOX)

Seminars

ShareSoc Growth Company Seminar, London, July 2015

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Blog posts

Ocado Trading Update, Coronavius Apps, EMIS AGM, IDOX Pay, Segro Dividends

Ocado (OCDO) issued a trading update today, and it shows their joint retail venture with M&S is benefiting from the coronavirus epidemic. In the second quarter revenue was up 40% on the prior year. They have had to ramp up capacity significantly to meet this demand, and they have suspended delivery of mineral water so as to cope with the needs of additional households. The announcement gives the distinct impression that they need more warehouses (or CFCs as they call them). On ...

It’s a Bleak Mid-Winter

It’s a bleak mid-winter, everybody is hunkering down against the icy winds, Royal Mail have given up delivering post even in the London suburbs, and retailers are suffering. Well no, actually it’s the second day of Spring but the first was the coldest one on record. But the stock market is drifting down and the news from many companies is dire. Let’s review some of those to start with. Note: I hold or have held some of the companies mentioned. Safestyle (SFE) sell ...

Persimmon Directors, IDOX Profit Warning and Transplants

This morning house building company Persimmon announced that Chairman Nicholas Wrigley and Non-Exec Director Jonathan Davie were departing. The company says that both of them recognise that the 2012 LTIP “could have included a cap” and “in recognition of this omission” they have tendered their resignations. Holders of Persimmon shares like me, or indeed anyone who has followed the debate on excessive executive pay, will be aware of the outrageous pay that has resulted at this and other companies because of the ...

Abcam AGM, Cambridge Cognition, Ultra Electronics, Wey Education and IDOX

Yesterday I attended the Annual General Meeting of Abcam (ABC) in Cambridge as I often do as I have held the stock since 2006. Share price then (adjusted for consolidation) was about 50p and it’s now about 950p so I, like most investors in the company, am happy. Alex Lawson has done a full write-up of the meeting for ShareSoc, which is available to our full members here, so I will only cover a few points herein. One shareholder expressed concern about ...

Share issues – And An Interesting Rule

Spring is in the air, and companies are clearly in a mood to raise cash. A lot of these have been share placings but the reasons given have been...

IDOX and Prejudicial Placings

One of the things that private investors hate is placings made by companies to raise money in which they cannot participate. In other words, the issuance of shares that dilutes your interest in the company when it is not a rights issue and there is no "open offer" alongside. Sometimes those placings are done at a price which is a considerable discount to the open market share price, thus enabling institutional investors to pick up shares at a big discount to ...

ShareSoc Company Seminar Announcement

The initial line-up for our next seminar at which public companies will be presenting on the 15th July is now available and registrations are now open. This event is in the City of London (in the usual FinnCap offices venue), with registration starting at 4.00 pm. Four companies will be presenting this month and answering your questions, which are: - IDOX (IDOX): Public sector software solutions, and for highly regulated asset intensive industries. - ABZENA (ABZA): Services and technologies to support the development of better biopharmaceuticals. Plus two other companies ...

Affected by the Oil/Gas Price slump? Weir, Petrofac and IDOX

I don't think any investor will be unaware that the price of oil has fallen off a cliff in the last few weeks. It was good to hear at the IDOX AGM this morning (26/2/2015) that the impact on their business was relatively minor - they supply engineering management information software plus public sector software and the former does have about 11% of sales in the oil/gas sector. The share price barely moved after a positive announcement in the morning that ...

AGM Reports

IDOX (IDOX)

Today I attended the Annual General Meeting of Idox Plc in central London. The meeting was attended by 4 Sharesoc board members, Roger Lawson, Mike Dennis, Mark Bentley and Cliff Weight along with me and 5 other shareholders plus the usual hangers on. Idox released an upbeat in line RNS this morning which was received well by the markets, the share price ticking up 2% to near all-time highs. The Chairman Laurence Vaughan opened the meeting with an introduction of the board before ...

IDOX (IDOX) AGM Report 2016

I attended the IDOX AGM on 25th February. It started on time at 11 am in their recently acquired offices (Reading Room acquisition) just off Holborn. Good to see they delayed the start time from the 10am of last year which was a response to a shareholder request last year. There were about 8 shareholders and other interested individuals plus the usual hangers on. The newly appointed Chair, Laurence Vaughan, introduced the board. All resolutions were passed on a show of hands with the ...

IDOX (IDOX) AGM Report 2015

The IDOX Plc Annual General Meeting was held today in London. Here is a brief report. Note that in the morning of the AGM the company issued a statement which said "IDOX is pleased to announce a good start to the year and that trading is in line with management expectations". Note that according to analysts the normalised e.p.s. is expected to rise substantially this year giving a future p/e of less than 13 according to Stockopedia. The morning's announcement otherwise announced ...

IDOX (IDOX) AGM Report 2014

IDOX Plc held their Annual General Meeting in London on the 27th February 2014. IDOX provides software to local authorities (primarily in the planning and document management areas in the UK), and engineering management information software (EIM) to a wider global commercial base via a subsidiary named McLaren Software which was a relatively recent acquisition. The year 2013 was not an easy one for the company. The share price peaked at 60p early in the year but by the end of the ...

Idox (IDOX) AGM Report 2012

I attended the Annual General Meeting on the 28th February of Idox Plc in London starting at 10am. On that morning Idox released an AGM statement from the Chairman Martin Brookes before the markets opened. This advised the company will continue to focus on its two software divisions to deliver “better visibility through larger, more diversified and better qualified prospect pipelines.” The statement also stated that in the Engineering Information Management software business there had been a quieter start in license sales compared ...

IDOX (IDOX) AGM Report 2012

IDOX, a software company that specialises in document management in the local authority and engineering sectors, held its AGM in London today – at the rather inconvenient time of 10.00 am. That might explain why they only got 4 shareholders present, and why I had not attended their AGMs in previous years (I have been a shareholder for some time and can’t complain about the recent share price performance). The meeting opened with questions. I asked about the trend to service based ...