IDOX (IDOX)

Sector:

IT Services

Index:

FTSE AIM All-Share

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31.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 65.00p
  • 52 Week Low: 27.00p
  • Currency: UK Pounds
  • Shares Issued: 415.42m
  • Volume: 125,455
  • Market Cap: £130.86m
  • RiskGrade: 214
  • Beta: 0.03

Idox announces acquisition of electoral software group Halarose

By Iain Gilbert

Date: Thursday 17 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Public sector information management firm Idox announced on Thursday it had acquired Halarose Holdings, a supplier of electoral back office software and services in the UK for £5m.
The acquisition was in line with the group's strategic focus on the public sector and was seen as a move that would help it to form a larger, more effective elections business capable of rapidly accelerated growth with Halarose set to be completely integrated into Idox's existing elections business, Idox Elections.

The acquisition was comprised of a £3.5m cash payment and another £1.5m in shares.

The Berkshire-based firm will retain its senior management team for a minimum of two years after the acquisition.

Chief executive Andrew Riley said: "The acquisition of Halarose, which has a strong product offering, team, and track record, presents Idox with the opportunity to significantly expand its existing presence in the elections market.

"It is expected to be earnings enhancing in the first full year of ownership and supports our strategy of focusing on and investing in the wider public sector in the UK and abroad."

As of 1125 BST, shares had seen little movement and were up by just 1.76% to 62.08p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IDOX Market Data

Currency UK Pounds
Share Price 31.50p
Change Today -0.50p
% Change -1.56 %
52 Week High 65.00p
52 Week Low 27.00p
Volume 125,455
Shares Issued 415.42m
Market Cap £130.86m
Beta 0.03
RiskGrade 214

IDOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.87% above the market average39.87% above the market average39.87% above the market average39.87% above the market average39.87% above the market average
82.00% above the sector average82.00% above the sector average82.00% above the sector average82.00% above the sector average82.00% above the sector average
Price Trend
50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average
54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average
Income
28.42% above the market average28.42% above the market average28.42% above the market average28.42% above the market average28.42% above the market average
27.66% above the sector average27.66% above the sector average27.66% above the sector average27.66% above the sector average27.66% above the sector average
Growth
72.89% below the market average72.89% below the market average72.89% below the market average72.89% below the market average72.89% below the market average
86.41% below the sector average86.41% below the sector average86.41% below the sector average86.41% below the sector average86.41% below the sector average

IDOX Dividends

  Latest Previous
  Final Interim
Ex-Div 29-Mar-18 05-Oct-17
Paid 20-Apr-18 18-Oct-17
Amount 0.66p 0.39p

Trades for 17-Oct-2018

Time Volume / Share Price
16:47 250,000 @ 31.76p
15:55 4,989 @ 31.40p
14:12 169 @ 31.74p
14:04 38,642 @ 31.75p
11:54 77,250 @ 31.76p

IDOX Key Personnel

CEO David Meaden
CFO Rob Grubb

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