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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Iomart Group Plc | IOM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.00 | -1.54% | 128.00 | 10:53:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 128.00 | 128.00 | 128.00 | 130.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 13/10/2021 14:24 by abrahamtoast I think part of the problem is that many holders of IOM, individual and corporate, are almost like a family. They still seem close to the company, and many of them bought at much less than 100p, so are still able to sell at a decent profit. The founder and long-term CEO stepped down reasonably recently, and the new guy does not exude confidence. Although the projected figures aren't great, the effect has been disastrous. The board/company needs to do something to get investors buying again.The CEO needs to be straight with shareholders. There IS undoubtedly a reason for this drop, and the directors know what it is. Obviously they can't tell us everything, but some sort of reassurance/explanat |
Posted at 01/10/2021 12:59 by prokartace KNIGEL, you have your answer, though not the good news you were thinking ofThe question is whether the strategy change works. We know FY 21/22 is going to be around £18 mil after tax profits so we need to see what the expectations are for the next FY and some proof of success. We are now approaching a div yield of 2.5% so It is my belief that this sell off may, and I stress may be the buying opportunity we need. I will be interested to hear what Ineractive Investor analyst has to say. DYOR |
Posted at 07/4/2021 10:50 by varies IOM is to continue its "transition away from legacy self-managed infrastructure revenue to managed cloud revenue", the latter carrying a lower profit margin in the short term. In my experience as an investor I have found that transitions from any legacy business always take longer than predicted.Since we are now in a new tax year, I am tempted to take my profits here and seek a more promising alternative. IOM seems to have stopped growing for the time being and a PE ratio of 24 seems high. We are assured that prospects for the longer term are promising but I have seldom read a statement from any company chairman that does not contain this assurance ! |
Posted at 26/1/2021 12:16 by thamestrader Late January (31/1) last year, IOM payed a dividend. Are we to expect one in the next few days? I have scoured their website, and the latest reports, and drawn a blank.The investors section of their website is pretty poor for an IT-industry company IMHO. What's the point of a financial calendar that does not include divvi and ex-div dates? EDIT>> found it, 29jan (friday) is payment date |
Posted at 29/10/2020 18:44 by farhorizons A SIGNIFCANT LONG TERM INVESTOR |
Posted at 26/2/2019 17:01 by macc1 new investors video with Scott Cunningham: |
Posted at 18/9/2018 13:15 by rivaldo Soaring in fact....:o))I suspect the high recurring income and solid growth potential are key to attracting investors at a time when markets are a little uncertain. |
Posted at 20/7/2018 08:18 by rivaldo IOM were highlighted in last week's Shares Mag as one of two stocks meeting Jim Slater's investing criteria:"Iomart (IOM:AIM) 370p Glasgow cloud computing specialist Iomart (IOM) may not trade on a price to earnings growth ratio of less than 1 desired by GARP investors. However, it is more difficult to find software firms on discounted valuations particularly ones with Iomart’s upwards of 90% recurring revenues. Stockopedia’s screening process believes that Iomart still fits the bill when looking for Jim Slater-type investments. Iomart’s strong organic growth is likely to be augmented by M&A activity which is underpinned by a new £80m lending facility. Stockbroker Peel Hunt sees the potential for the company to double revenue from the near-£100m achieved in the March 2018 financial year. Clients run the gamut from BCA Marketplace’s (BCA) Webuyanycar consumer venture to well-known corporate entities such as Universal Music." |
Posted at 22/6/2018 07:16 by rivaldo Nice - tipped in today's Tempus column in the Times:"Iomart More businesses and public sector organisations are moving away from IT arrangements in which servers and infrastructure are located in their offices. These physical elements can be held in distant data centres often operated by third parties. It is this change that Iomart believes it can exploit. The Glasgow company provides businesses with the online and digital infrastructure they need. It has data centres around the UK and a growing presence in Europe, Asia and the United States. Angus MacSween, its co-founder and chief executive, has long said that the transition into the cloud would be slow and steady but could give Iomart huge scope to expand. There was a 300p per share approach valuing the company at £320 million from a rival, Host Europe, in September 2014, which investors thought should have been accepted. However, the talks broke down and the Aim-listed business, in which Mr MacSween has a near 16 per cent stake, has grown well since then through a mixture of organic expansion and acquisition. Annual results released this month showed underlying profit rising 7 per cent to £24 million on revenue of £97.7 million for the 12 months to March 31. The company was loss-making and produced turnover of £11.8 million less than in 2009. The most recent dividend was lifted 20 per cent to 71.8p per share while the company’s market capitalisation is more than £425 million. Mr MacSween has secured further firepower for deals with a new £80 million financing facility. As he points out, most customers tend to stick with IT providers if they do a good job with 90 per cent of Iomart’s revenue classed as recurring. It also has a wide spread of sectors with no single customer accounting for more than 1 per cent of its revenue. The shares are up more than 20 per cent over the past 12 months and have been changing hands at close to 400p in recent days. Finncap analysts recently increased their target price on the shares from 415p to 450p while N+1 Singer and Shore Capital are among the others who are bullish on Iomart’s prospects. ADVICE Buy WHY Loyal customers and strong track record of meeting targets" |
Posted at 09/1/2018 07:30 by rivaldo IOM have been tipped as one of their stocks for 2018 by the Share Centre:"Iomart – for growth seeking investors “Iomart was involved in cloud computing long before it became fashionable. It is one of the UK’s leading companies in an industry that is expected to grow fairly rapidly as businesses and consumers generate more data and become comfortable with having that data located offsite. Essentially, Iomart facilitates data hosting services so that clients and the end user can have access to data and web services in a secure manner, while reducing costs and complexity. Investors should recognise that the group expects the creation of data to be exponential for some years to come. “This is a business which is operationally geared, and it can take more business for relatively little cost. The group has partnerships and programmes with some of the largest computing businesses in the world, such as Microsoft and Dell, and there’s further promise in regards to hosting government departments as well as targeting smaller acquisitions. The shares have made steady progress over recent years, helping cement our belief that the long term prospects have not fundamentally changed.” |
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