IDOX (IDOX)

Sector:

IT Services

Index:

FTSE AIM All-Share

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29.20p
   
  • Change Today:
      0.100p
  • 52 Week High: 38.25
  • 52 Week Low: 27.00
  • Currency: UK Pounds
  • Shares Issued: 441.46m
  • Volume: 233,698
  • Market Cap: £128.91m
  • RiskGrade: 205
  • Beta: 0.03

Idox financials stumble but order book offers hope

By Duncan Ferris

Date: Tuesday 27 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Annual revenue and earnings stalled at Idox as the information management software provider refocuses on its core business and disposes of loss-making divisions, though its order book more than doubled.
A trading update from the AIM-traded company said it expects to report an 8.6% drop in annual revenue for the year ended 31 October, not taking into account the loss-making digital business that Idox sold at the start of November.

EBITDA for the continuing business is expected to be reported at £14.4m, down 13.8% on the prior year, while net debt is thought to be down from £32.8m at £31.7m.

The majority of cost-cutting measures were taken against the since-disposed digital division, though costs for the continuing businesses were reduced by £1.7m for the year to £44m in a trend that is expected to continue through the ongoing year.

David Meaden, chief executive of Idox, said: "FY2018 has seen a number of changes in the Idox business, but we end the financial year in a stronger position than we entered it and I am confident in our new leadership and team to deliver success in FY2019."

Looking ahead, the contracted order book for software and services more than doubled in size to £9.4m from £4m and, after an internal review, Idox will seek a higher proportion of recurring revenue in future years.

"We continue to work hard to fully integrate prior year acquisitions and refocusing operations on our intellectual property and profitable cash generative activities. I am excited by the prospects for the business in FY2019 and future periods as we begin to reap the benefits of these ongoing efforts," said Meaden.

Idox's shares were down 1.70% at 32.90p at 1023 GMT.

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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 29.20p
Change Today 0.100p
% Change 0.34 %
52 Week High 38.25
52 Week Low 27.00
Volume 233,698
Shares Issued 441.46m
Market Cap £128.91m
Beta 0.03
RiskGrade 205

IDOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.51% below the market average15.51% below the market average15.51% below the market average15.51% below the market average15.51% below the market average
72.28% above the sector average72.28% above the sector average72.28% above the sector average72.28% above the sector average72.28% above the sector average
Price Trend
47.16% below the market average47.16% below the market average47.16% below the market average47.16% below the market average47.16% below the market average
43.64% below the sector average43.64% below the sector average43.64% below the sector average43.64% below the sector average43.64% below the sector average
Income Not Available
Growth
94.24% below the market average94.24% below the market average94.24% below the market average94.24% below the market average94.24% below the market average
92.38% below the sector average92.38% below the sector average92.38% below the sector average92.38% below the sector average92.38% 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 16-Aug-2019

Time Volume / Share Price
14:47 42,500 @ 29.00p
14:47 21,250 @ 29.00p
14:44 21,250 @ 29.00p
14:32 5,000 @ 29.00p
14:32 5,000 @ 29.00p

IDOX Key Personnel

CEO David Meaden
CFO Rob Grubb

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