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Idox

September 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IDOX
  • Price:
  • 64p
IDOX has acquired Emapsite, another UK based geographic information systems (GIS/Geospatial) data provider for £15.8m. This is the largest of five such businesses acquired over the past two years  - the others were Aligned Assets, thinkWhere, Exegesis and LandHawk - that combine geospatial and address data to help public sector and commercial property customers automate and streamline workflows. In its year ended 31 March, Emapsite had sales of £10.9m and pretax profit of £0.5m and on a proforma basis, the Geospatial line of business has annualised total revenues of perhaps £15m or c.20% of Idox’s expected c£75m revenues.  It looks a fairly full price. Strong hold. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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