IDE Group Holdings (IDE)

Sector:

IT Services

Index:

FTSE AIM All-Share

0.97p
   
  • Change Today:
    -0.035p
  • 52 Week High: 1.60
  • 52 Week Low: 0.64
  • Currency: UK Pounds
  • Shares Issued: 496.70m
  • Volume: 619,405
  • Market Cap: £4.79m

IDE Group delays FY results

By Iain Gilbert

Date: Tuesday 30 Jun 2020

LONDON (ShareCast) - (Sharecast News) - IT managed services provider IDE Group delayed its full-year results until 31 July on Tuesday after its annual audit dragged on longer than expected due to Downing Street's Covid-19 lockdown.
IDE did offer some unaudited results to investors, with revenues said to be down 31.39% at £28.2m. However, despite the slump in revenues, an increase in the group's gross profit margin of more than six percentage points, to 22.8%, helped it swing from an underlying loss of £3.9m to an EBITDA profit of £1.1m.

In terms of the company's recent performance, the AIM-listed group said trading in the current financial year remained "broadly in line with management expectations", although it noted that its mix had changed due to the Covid-19 pandemic.

"We have won and implemented additional projects in the Managed division supporting mobile working across a number of our clients, offset by the expected pipeline of projects being deferred into the second half," said IDE.

"The board is confident in its strategy and continues to enhance operational efficiency in our core services and strengthen the senior management team in order to deliver an improved trajectory through 2020 and beyond."

As of 1010 BST, IDE shares were down 1.33% at 2.96p.

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

 

IDE Market Data

Currency UK Pounds
Share Price 0.97p
Change Today -0.035p
% Change -3.50 %
52 Week High 1.60
52 Week Low 0.64
Volume 619,405
Shares Issued 496.70m
Market Cap £4.79m

IDE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.34% above the market average14.34% above the market average14.34% above the market average14.34% above the market average14.34% above the market average
70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average
Price Trend
66.47% below the market average66.47% below the market average66.47% below the market average66.47% below the market average66.47% below the market average
59.63% below the sector average59.63% below the sector average59.63% below the sector average59.63% below the sector average59.63% below the sector average
Income Not Available
Growth
56.15% below the market average56.15% below the market average56.15% below the market average56.15% below the market average56.15% below the market average
74.26% below the sector average74.26% below the sector average74.26% below the sector average74.26% below the sector average74.26% below the sector average

IDE Dividends

  Latest Previous
  Interim Final
Ex-Div n/a 04-Jun-14
Paid n/a 04-Jul-14
Amount 0.000p 3.00p

Trades for 24-Jun-2022

Time Volume / Share Price
15:07 219,000 @ 0.97p
12:53 50,000 @ 0.97p
08:27 114,750 @ 0.97p
08:21 72,500 @ 0.98p
08:21 100,000 @ 0.96p

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