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Iomart Takeover Rumours (IOM)

Iomart Chart

Iomart Takeover Price

Iomart Takeover Forum Posts

Absolutely brilliant day here. We finally have a breakout!!!Wouldn't be sure of a takeover, I just think it's been testing levels around here for a while and the confidence has finally got it over the line. Next stop 320p
Cracking company. Poss takeover target
Techinvest - July issue: Buoyed by growing demand for cloud computing, iomart (246p) reported sales for the year to March 31 of £65.8m, up 18%. Around half the growth was organic. Eps climbed 16.9% to 12.5p. iomart is purchasing IT consultancy SystemsUp for £9.0m cash. This should bolster iomart’s ‘public cloud’ offerings. In 2014 the business had sales of £4.0m and a pre-tax profit of £1.5m. For fiscal 2016, broker SP Angel expects iomart to achieve eps of 14.8p. As a play on the expanding cloud market where takeover activity is high, the shares are worth noting. Agree - a takeover could materialise out of the blue here and could be north of £3 imo. dyor

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