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IOM Iomart Group Plc

90.00
4.00 (4.65%)
01 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Iomart Group Plc LSE:IOM London Ordinary Share GB0004281639 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  4.00 4.65% 90.00 66,474 16:35:21
Bid Price Offer Price High Price Low Price Open Price
88.80 90.00 90.00 87.40 87.80
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Services, Nec 127.05M 6.44M 0.0573 15.46 96.67M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:21 UT 4,441 90.00 GBX

Iomart (IOM) Latest News (1)

Iomart (IOM) Discussions and Chat

Iomart (IOM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-01 16:35:2190.004,4413,996.90UT
2024-11-01 16:29:5989.801614.37O
2024-11-01 16:10:3288.60238210.87AT
2024-11-01 15:58:1488.608272.65AT
2024-11-01 15:51:1289.26765682.85O

Iomart (IOM) Top Chat Posts

Top Posts
Posted at 02/11/2024 08:20 by Iomart Daily Update
Iomart Group Plc is listed in the Services, Nec sector of the London Stock Exchange with ticker IOM. The last closing price for Iomart was 86p.
Iomart currently has 112,410,051 shares in issue. The market capitalisation of Iomart is £99,595,305.
Iomart has a price to earnings ratio (PE ratio) of 15.46.
This morning IOM shares opened at 87.80p
Posted at 16/10/2024 19:27 by simon gordon
Post by Target Price on the LSE - 1/10/24

Have followed this company for a while and was contemplating having a nibble, but don't like this deal.

Before the deal (and trading update / downgrades) at 112p they were trading at roughly 7.5x EV/EVIT (£125m mcap, £20m debt, £19m EBIT for FY25). Arguably decent valuation to get in at given the quality of the company. After the deal and downgrades, at 106p, they are at 12x EV/EBIT for FY25 and 9.5x for FY26. Not sure the business justifies that valuation until they demonstrate growth. And they are v geared now. £80m bank debt and a £7.5m pa interest bill. Vs EBITDA it might look OK, but bear in mind that a) EBITDA is flattered by lease accounting, and b) they spend a lot on capex. Hence why adj EBIT is about £20m lower than adj EBITDA (for FY26 £40m vs £20m).

It looks like they're buying growth tbh, which is a bit damning re the existing business not being able to grow; and also damning that despite trying for some time they cant / haven't been able to attract the talent to organically build the cloud based competencies that Atech provides. And they're paying a high price - 17x EBITDA for a business that whilst growing only delivers EBITDA margins of 10%.

If I was clutching at straws it would be re synergies and cost they can take out. But the risk with this is it impacts growth and existing customer retention, and is expensive to do in terms of cash.

Will continue to watch it. Maybe if the shares really struggle from here the valuation will be attractive enough given the balance sheet and integration risk...
Posted at 04/10/2024 13:15 by abrahamtoast
Looking for an up to date viewpoint, as the share price craters yet again, now comfortably below 100p.

What on earth is going on? I though Ms Dimes was meant to steady the ship and move the company back towards organic growth. All we've seen so far is more acquisitions. There will come a time when the banks will need to say no. The company can't keep borrowing to maintain its meagre profits.

Where will this share be in a month?
Posted at 01/10/2024 10:11 by varies
Will IOM need to raise more cash soon ?
Posted at 12/4/2023 13:02 by kalai1
iomart Group plc issued a pre-close trading statement for the year ended 31 March 2023 this morning. The Group expects to deliver FY performance in line with market expectations. For the year ended 31 March 2023, the Group expects to report revenue of approximately £115 million (FY22: £103.0 million), adjusted EBITDA of approximately £36.2 million (FY22: £38.0 million) and adjusted profit before tax of approximately £14.6 million (FY22: £17.1 million). So a return to topline expansion with some pressure on margins, but still generally profitable for the sector. Net debt was roughly steady and comfortable at around £41m. Valuation is also relatively attractive with forward PE ratio at 10.8x top quartile for the Software & IT Services sector. Share price remains in a longer run correction and lacks positive momentum for now, there is no rush to buy. IOM is a share to monitor for now...

...from WealthOracle
Posted at 25/1/2023 11:47 by 2lb
Still unexciting.

One wonders how they are going to deliver on that £200m revenue target within the next three years outside of passing on energy price increases.
Posted at 10/12/2021 08:30 by knigel
Agree - barring any more nasty surprises - the share price should gradually move back upwards from this low point but I am not expecting it to happen overnight gla
Posted at 10/12/2021 08:21 by r2oo
We'll the share price hasn't reacted much to that earnings report, must have already been widely priced in then?
Posted at 07/12/2021 10:03 by gopher
I agree that are results in line with lowered expectations and with a share price already lowered these results seem to set a baseline for the refreshed strategy.One to keep a close watch on as cheap if strategy comes to fruition.
Posted at 13/11/2021 19:26 by simon gordon
Liontrust UK Small Cap fund - 10/11/21:

Unfortunately, the portfolio’s largest absolute share price move in October was a negative one, as Iomart (-32%) fell heavily. The company has been slow to adapt to the changing market environment in which it operates – notably the dramatic shift from private to public cloud, which was accelerated by the Covid crisis. It issued a profit warning in April and another in October, noting that customer churn remains higher than usual and revenues from hardware reselling and one-off consultancy have dropped. We actively continue to assess Iomart’s business prospects within the context of this shift.
Posted at 08/11/2021 15:54 by sphere25
IOM flirting with a key level in trying to push for a short term bounce higher, but there are automated sell orders which keep hitting the bid at these levels. It is keeping a lid on the bounce, could be a short term top too so something to keep a closer eye on.

IOM is prone to sharp moves and been a nice one to nip in and out of in the past so always worth keeping an eye on, but yes short term aside, it looks far more tricky going forward.

They had a knack of putting out little downgrade statements and then hit the market with much more of blow. It is hard to rule out another downgrade, so it's a call on where the bottom of the earnings are and whether the market value takes that all into account here?

Furthermore, if there is another warning, will the market be happy to value IOM at least back up here after it all plays out?

And if a suitor does pop up, will they value it at least these levels?

Personally speaking not interested enough at the moment (but if pushed, I'd wait for further trading update's if taking a longer term view) and paying less and less attention to fundamentals. Now mainly trying to piggy back off breakouts, volume, momentum and tips but these are all things folk will be considering.

If you look at market activity, someone has picked up 772,394 at 144.7p last Monday.

Possible signal?

Clearly that buyer must be thinking any further downgrade's (if any in their mind) will get bought up to at least that level or that corporate action will take place to at least hit that mark. They might come in and gobble up more large chunks on significant weakness.

They could of course be wrong and any ultimate outcome end up lower, but that is the tricky nature of navigating market's. Everyone has a view and makes a call.

I just try and piggyback of short term moves,and if they don't work, exit.

So more to consider here for folk, but even for us short termers, not that smooth out there. There are a few of these shares about which are flirting with key levels but not breaking out e.g. NCC, TED, RMM

Trying to find and trade the breakouts and short term bounce candidates OUTSIDE OF NEWS. Clearly the likes of TED could put out a warning on supply chain issues so have to tread carefully.

The market could eventually look beyond such statements, but what if there is another IGR out there. Rather not take the risk.

Anywho, rambling on.

I'll keep an eye on this.

All imo
DYOR
Iomart share price data is direct from the London Stock Exchange

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