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IDOX plc - another profit warning: STILL a sell switch into?

By Steve Moore | Monday 4 November 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed software and services company IDOX plc (IDOX) has warned that “it will fall short of its May 2013 EBITDA guidance for the full year by up to 20%”. This comes after a May profit warning and forecast downgrade and the following updates with the shares currently trading 16.5% lower on the day at 31.75p.



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