IDOX (IDOX)

Sector:

IT Services

Index:

FTSE AIM 100

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28.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 76.00p
  • 52 Week Low: 27.50p
  • Currency: UK Pounds
  • Shares Issued: 412.97m
  • Volume: 1,846,872
  • Market Cap: £117.70m
  • RiskGrade: 610

IDOX announces increased revenue and profits ahead of full-year results

By Iain Gilbert

Date: Tuesday 14 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Information management solutions group IDOX said in a year-end trading statement on Tuesday that it had continued to deliver on its strategy throughout the year ended 31 October, growing both revenues and profits.
IDOX won several major contracts throughout the year; however, due to customer disruption in the wake of June's general election, sign-off on some contract wins, especially those within the health and transport sectors, had been delayed into the next financial year - somewhat impacting profit expectations.

As a result of the delays, IDOX expected its EBITDA for the year to be in the region of £23m, compared to the £21.5m posted in 2016.

In terms of acquisitions, the integration of Halarose, an electoral management software firm, was "progressing well", helping create a "more effective and focused" elections division for the firm, and 6PM, the healthcare solutions business acquired by IDOX in January, had been fully integrated at the end of the financial year, with five contracts worth in excess of £2.8m from the NHS expected to be delivered in the first half of 2018.

The group, as expected, increased its net debt position from £25.1m to £32.7m by virtue of the acquisition and in order to cover upfront costs related to the delayed contract wins.

Andrew Riley, chief executive of Idox, said, "Overall Idox has made excellent progress with its strategy of organic and acquisitive growth and our products and services continue to gain traction within our markets."

"The timing of completion of some contracts which has spilled into the new financial year gives us a strong start to 2018, we continue to keep tight control of costs and we are encouraged by the opportunities for the year ahead," he concluded.

The group announced it would release its full financials on 20 December.

As of 1700 GMT, shares had dropped 19.85% to 52.00p.

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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 28.50p
Change Today -1.50p
% Change -5.00 %
52 Week High 76.00p
52 Week Low 27.50p
Volume 1,846,872
Shares Issued 412.97m
Market Cap £117.70m
RiskGrade 610

IDOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.18% below the market average16.18% below the market average16.18% below the market average16.18% below the market average16.18% below the market average
61.22% above the sector average61.22% above the sector average61.22% above the sector average61.22% above the sector average61.22% above the sector average
Price Trend
89.69% below the market average89.69% below the market average89.69% below the market average89.69% below the market average89.69% below the market average
85.32% below the sector average85.32% below the sector average85.32% below the sector average85.32% below the sector average85.32% below the sector average
Income
5.16% above the market average5.16% above the market average5.16% above the market average5.16% above the market average5.16% above the market average
83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average83.67% above the sector average
Growth
59.60% above the market average59.60% above the market average59.60% above the market average59.60% above the market average59.60% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IDOX Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Oct-17 30-Mar-17
Paid 18-Oct-17 21-Apr-17
Amount 0.39p 0.65p

Trades for 18-Dec-2017

Time Volume / Share Price
16:06 200,000 @ 28.62p
16:56 87 @ 28.50p
16:55 14,029 @ 28.50p
15:50 72,000 @ 28.50p
16:35 87 @ 28.50p

IDOX Key Personnel

CEO Richard G Q Kellett-Clarke
CFO Jane Mackie
CEO Andrew John Riley

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