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Ideagen Share Discussion Threads
Showing 851 to 874 of 875 messages
|Concur rivaldo & yump.
Well done to DH & his team/staff on another strong set of results.
Nice to be invested in a company that deliver consistent +20% earnings growth annually. No change to forecasts which are already included in the header information.
finnCap update today indicates: -
"Revenue of £12.0m included 16% organic revenue growth, complemented in the period by the acquisitions of Covalent and Logen to deliver group revenue growth of 22%. With consistent gross margin mild improvement in gross margin to 88.1% (87.8%), EBITDA margin improvement from 24.4% to 25.8% demonstrated operational gearing benefits from synergy and growth.
Revenue and earnings quality continue to improve: recurring revenue grew to 56% of group revenue, following on from 53% at 1H16. With typical 2H seasonal revenue bias, forecasts are unchanged. Post period end, FY18 forecasts have further benefited from the acquisition of IPI Solutions, having added 7% to revenue, 11% to adj PBT and 10% to EBITDA, typical of Ideagen's non-dilutive acquisition approach.
98% retention on maintenance & support renewals highlights product quality while the customer base also provides a strong source for cross sales growth. New deals included 59 on premises customers (eg KLM, Sabic Kemya and Medway NHS Trust Foundation), and 37 new SaaS deals across all products, including 7 Enlighten customer wins. R&D and acquisition will both continue to deliver the broader platform to satisfy the growing GRC needs of a growing number of businesses requiring single dashboard coverage of pan- enterprise risk in a cloud or on premises environment. Target 78p reiterated."
|If they are going to keep delivering on the growth, then this looks like the sort of chart you could draw in for the next few years.
At the end of each year gets valued on the next year's forecast x 20 ish and drops back a bit inbetween.|
|A rather buoyant set of interim results today:
Recurring revenues are up nicely:
"Recurring revenues represent 56% (2015: 53%) of overall revenues and are equivalent to 90% (2015: 87%) of fixed operating costs"
More acquisitions look likely:
"All three acquisitions enhance the Group's business platform. The Board continues to pursue acquisition opportunities in line with its stated strategy of acquiring complementary businesses that have strong IP and significant recurring revenues."
And lots of confidence going forward:
"David Hornsby, CEO of Ideagen, commented: "We are delighted to report on another strong performance from the Group across all of our vertical markets during the first half of the year.
As well as recording significant organic growth and a further increase in revenues, the Group has successfully acquired and integrated two companies in the period which marks a return to our strategy of acquiring businesses with strong IP and recurring revenues. In addition, we have achieved strong momentum within our SaaS based business which has helped increase recurring revenues and supports the Group's medium term strategy to transition from a predominantly perpetual to a predominantly SaaS based licence model.
Current trading is robust and remains in line with both market and management expectations. As such, long term prospects for the Group remain positive and we are confident in the outlook for the rest of the year." "|
Interesting new article from IDEA about how they can help with food provenance:
Here is January's Techinvest article:-
'Ideagen has been a strong performer since we made the shares a new buy at 16.5p in September 2012. News flow has been encouraging over the last few months, with strong trading reported for the first half to October 31, and new contracts confirmed in November worth £1.2m in total. The company is also benefitting from the acquisition of cloud-based software provider Covalent in August. The acquisition has been successfully integrated and is expected to make a significant contribution in the second half. A further acquisition, IPS Solutions was announced this month. Broker Finncap is forecasting earnings per share of 3.2p for the current year, rising to 3.9p in 2018. The broker has a target price of 78p.|
"Ideagen & BDO produce thought leading white paper on corporate compliance & oversight
09 January 2017"
"BDO, the global accountancy organisation, has teamed up with software firm Ideagen to produce an industry leading white paper on achieving effective corporate compliance and oversight (CCO)."
"“Many standards and regulations are moving to a risk-based model. For example, more than a million companies around the world comply with ISO 9001 and the new 2015 edition encourages them all to adopt a risk-based approach to operational management.
“Currently, many organisations are seeking the operational efficiency benefits of adopting a risk-based approach to performance and strategy management. Ideagen and BDO recommend that organisations take a risk-based approach to the management of strategy and operating performance in order to become more effective in achieving their goals.”|
|All that tipping seems to have reached a few, nice move up :-)|
|Cheers Welsheagle. Any useful info from the tip welcome :o))
New highs now.|
|Yes it was, Rivaldo|
|Decent trading today - was IDEA one of Techinvest's nap tips for this year on the weekend?|
|News today - good to see IDEA linking with the likes of BDO:
"Ideagen & BDO produce thought leading white paper on corporate compliance & oversight
09 January 2017
BDO, the global accountancy organisation, has teamed up with software firm Ideagen to produce an industry leading white paper on achieving effective corporate compliance and oversight (CCO).
The report – entitled ‘The Golden Thread: Achieve Sustainable Competitive Advantage via Risk-Based Compliance and Oversight’ – highlights the importance of collaboration between an organisation’s board, management and internal audit teams in managing corporate risk.
BDO’s Risk Advisory Services and Ideagen work with a broad range of organisations across a variety of industries to help them implement effective risk management and CCO strategies, systems and processes.....
....“Many standards and regulations are moving to a risk-based model. For example, more than a million companies around the world comply with ISO 9001 and the new 2015 edition encourages them all to adopt a risk-based approach to operational management.
“Currently, many organisations are seeking the operational efficiency benefits of adopting a risk-based approach to performance and strategy management. Ideagen and BDO recommend that organisations take a risk-based approach to the management of strategy and operating performance in order to become more effective in achieving their goals.”"|
|History repeats (see post 652)
1/10/2016 54.50p 29/12/2016 69.25p +27%|
|Thnks PJ 1|
|Cheers PJ1, that's a good read.|
|Here you go Rivaldo, I think a week is safe enough time to leave before posting to be fair to other subscribers.
Share price: 64.25p
Market cap: £117m
EPS Apr 2017: 3.2
PE Apr 2017: 20
Dividend Apr 2017: 0.2p
Dividend yield: 0.3%
Source: Shares, FinnCap
Life sciences 3
There’s a net of rules, regulations and red tape tightening over many industries. Little UK software supplier Ideagen (IDEA:AIM) has a wide range of off-the-shelf specialised software tools smack bang in this, albeit unglamorous, sweet spot.
The Midlands-based company concentrates on what it calls the governance, risk and compliance (GRC) space, providing information management solutions to highly regulated industries.
Target markets include healthcare, complex manufacturing, banking/finance, defence and energy.
Ideagen supplies an integrated system that combines information from multiple operational sources on top of the typical internal audit and compliance functions.
This provides clients with a detailed overview of corporate risk, controls and consequence mitigation analysis.
That’s an increasingly compelling sale once an organisation begins to grasp the significant financial and reputational damage potential of not having adequate systems in place.
Cover IDEAGEN 221216
We’ve been fans of the company since it gravitated to AIM from the old Plus Markets in 2012, first flagging the investment opportunity at 16p in August that year.
The company hasn’t put a foot wrong ever since; adding carefully vetted bolt-on acquisitions to its underlying progress. Three acquisitions have been made since summer 2016 alone, being Covalent, Logen and IPI Solutions.
Full year results to 30 April 2016 revealed a 52% revenue jump to £21.9 million including respectable 10% organic growth. That led to a 57% leap in adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) to £6.3 million and improved operating cash conversion metrics.
Shareholders should feel rightly chuffed about a 96% client renewals hit rate and 100 new customers won during that year.
Ideagen also won its biggest single contract ever, worth £4.9 million. We believe the scale of new business is also improving.
Healthy and wealthy
A trading update in November implies the business is still in excellent health. We’ll find out more when half year results are published in January.
FinnCap forecasts pre-tax profit rising by 21% to £6.9m for the full year to April 2017 – and then advancing to £8.4m a year later.
It is also worth noting that Ideagen could potentially benefit from Brexit as that will increase red tape. Companies will need to comply with existing EU and international standards as well as the potential for the implementation of UK standards. (SF)|
|Multibagger, got any details of the tip - do they have anything interesting to say?|
|That's right Rivaldo - IDEA tipped in Shares Mag|
|Apparently IDEA has been tipped by Shares Magazine today as one of their 10 nap tips for 2017 (along with IAE and CAPD which I also hold).|
|Looks very strong and rapidly gaining momentum ! I averaged up again @ 70p :)
.........but still not showing up ! (it's come up on ISDX )|
|Up 28% in 17 working days. Very un-IDEA like!|
|Indeed - new highs again now....|
|Yes thanks for posting rivaldo all looking well to end the year :-)|
|Appreciate the updates Rivaldo. IDEA generating fantastic momentum.