Share Name Share Symbol Market Type Share ISIN Share Description
Ideagen LSE:IDEA London Ordinary Share GB00B0CM0C50 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 54.25p 53.50p 55.00p 54.25p 54.25p 54.25p 85,644 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 21.9 1.0 0.7 73.3 98.47

Ideagen Share Discussion Threads

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Good stuff, particularly the NHS Trust win given the straightened circumstances in that sector - the more Trusts who use IDEA's products, the more will follow.
Ideagen PLC New Contract Wins worth £1.2m 13/10/2016 7:00am Ideagen PLC ("Ideagen" or the "Group") New Contract Wins worth GBP1.2m Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, is pleased to announce that over the past month it has been awarded three important contracts with new customers in key vertical markets worth a combined value of GBP1.2m. Two of the new contracts represent key customer wins in the aviation sector. Air Transat, a Canadian airline, and KLM, a Dutch airline, have selected Ideagen to implement vital risk-based compliance solutions to help drive operational excellence and enhance customer safety. Air Transat and KLM are the latest aviation customers to select Ideagen products. The Group now has approximately 300 aviation customers including over 100 regional and national airlines. In addition, Medway NHS Trust has selected Ideagen to provide a secure platform which will enable the Trust's laboratories to electronically communicate with GP practices thereby streamlining the clinical test process. It is intended that the system will drive operational efficiencies and further improve patient care. David Hornsby, CEO of Ideagen, commented: "We are delighted to have secured these new customer contracts which extend the use of our software within two key vertical markets. Today we have over 2,000 customers and many of these are within healthcare and aviation. These contracts demonstrate the opportunity to continue to grow both our key market sectors and the technical capability of our solutions."
Wow - Johnson Matthey are a big fish to capture! Surprised it's not RNS-able, but if not it must be pretty close in financial terms: Http:// "Johnson Matthey’s Oil and Gas Division Work with Ideagen to Achieve Business Improvement for Its Global Operations September 29, 2016 NOTTINGHAM, UK — Johnson Matthey is working with software firm Ideagen to enhance business improvement across its global oil and gas operations. Enlighten, Ideagen’s cloud-based GRC software product, will be implemented by Johnson Matthey, replacing a legacy system. Ideagen Enlighten will allow Johnson Matthey to efficiently measure objectives and KPIs across the business as well as manage all aspects of non-conformances and internal auditing. The software will also ensure a smooth transition to the latest version of the ISO 9001 standard. Gavin Chatto, quality officer at Johnson Matthey, said, "We are excited to be working with Ideagen and its Enlighten product which will allow us to better measure key performance indicators across the business. "With our current system, it is difficult to generate metrics that allow us to assess our performance as a business and also provide us with targets for overall business improvement. In adopting Ideagen Enlighten, it provides us with software which is simple to configure and electronically mirrors the way we work. The look and feel of the system is also key to encouraging user engagement, and in this respect we found Enlighten to be head and shoulders above the competition. "We will be using the system for all aspects of non-conformance reporting and subsequent corrective and preventive actions. The features of the system make it is easier for our staff to analyse performance data and continually improve as a business. We have a large audit program and, as we perform around 50 per year, Enlighten will play a key role in electronically scheduling, reporting and action tracking. This will create greater efficiency within the team and bring a clear benefit to the business." Achieving compliance with the latest version of ISO 9001, ISO 9001:2015, is an important milestone for Johnson Matthey. Chatto added, “Our goal is to drive technical innovation to bring significant benefits to our customers. With the new ISO 9001 standard, there is increased focus on measuring objectives for which Enlighten will be an important tool in helping us to achieve those objectives and ultimately benefit our customers. "Ideagen’s Enlighten fits the bill both technically and from a user experience perspective. We are excited to commence implementation and roll-out across our global operations."
New work with Thatchers Cider: Https:// "Ideagen work with Thatchers Cider to reach new standards of quality management 20 September 2016 Thatchers Cider, the fourth generation cider maker, is to work with Ideagen to take the management of quality within its production areas to new levels. Thatchers, which is based in Sandford, Somerset, and distributes its ciders to both the on and off trades throughout the UK, prides itself in producing the highest quality cider. It is now looking to enhance its quality system with a new tool to link disparate areas of quality management within the business, making it easier for staff and auditors to access the right information at the right time. The cider maker will implement Q-Pulse, Ideagen’s leading quality management software used by over 2,500 organisations globally, using the software to form the basis of its quality management system. With Q-Pulse, Thatchers will electronically manage its suppliers, assets and document control and will use the software to help with its crucial BRC Food Safety certification and other compliance needs. etc"
More good news: Https:// "Neem Biotech rolls out Ideagen Enlighten to modernise its Quality Management System 15 September 2016 Neem Biotech, a biotechnology company in the life sciences arena, is working with software firm Ideagen to modernise its Quality Management System following a period of significant growth in the business. As part of the Zaluvida Holdings group of companies, Neem’s business revolves around exploring natural molecules with biological activity and developing these into health and wellness solutions that address some of the big healthcare related challenges in today’s society. Based in South Wales, Neem will adopt Ideagen Enlighten, Ideagen's cloud based governance, risk and compliance software, to help the organisation move from its traditional paper-based methods. As well as modernising the management of quality, Enlighten will also ease Neem’s compliance efforts by electronically mirroring quality processes to make it easier to meet the demands of ISO 9001 and GMP+ FSA certification. etc"
High profile new contract win for KLM: Http:// "Ideagen wins KLM contract 14th Sep 2016  Derbyshire software supplier Ideagen has been hired by Dutch airline KLM to provide enhanced safety and quality management systems. KLM Royal Dutch Airlines, based at Amsterdam’s Schiphol Airport, will use the Ideagen Q-Pulse safety management software in its operations, which include KLM Cityhopper and KLM Engineering & Maintenance. David Hornsby, chief executive of Ideagen, said: "In working with KLM, Ideagen and Q-Pulse will be helping one of the world’s leading airlines increase operational intelligence, drive efficiency and enhance safety and compliance levels." Ideagen supplies similar products to the likes of Brussels Airlines, Emirates, Boeing and Airbus. Eric Hoogendijk, vice president of safety and compliance at KLM, added: "We have great trust that Ideagen, with their solid aviation safety business knowledge, will help us to successfully introduce Q-Pulse at KLM.""
I think the point is also access to lower cost development resource in Bulgaria as the company looks to scale its operation
Moving up towards all-time highs - still some way to go to Finncap's 69p target, which was reiterated yesterday.
Interesting take from Techmarketview on today's small but it seems intriguing acquisition: Http:// "Tuesday 06 September 2016 Footprint in Central Europe with Ideagen's Logen acquisition It’s not a material purchase and will not impact revenue or profits this year but Ideagen’s acquisition of Bulgarian based Logen Ltd will provide a beachhead for expansion into Central Europe for the UK HQ’d provider of information management solutions to highly regulated industries, including the public sector. With Ideagen paying £0.1m now and the same in 12 months (subject to performance goals) and gaining a small company with 5 staff, it is a small beachhead but will allow Ideagen to operate directly within Bulgaria and beyond – Logen is an existing reseller of Ideagen’s Pentana GRC management and risk assessment solution. Today’s move follows its acquisition earlier this month of GRC software provider Covalent which added customers and additional GRC capability. Ideagen has been acquiring to add functionality to its thriving GRC segment and with the Gael purchase in January 2015, it also added scale (see here). Its pivot from a healthcare based business to a vertically oriented one centered on GRC (c80% of the business) has gone well, with good growth both organically and including acquisitions. In the year to April30 2016 revenue jumped 52% to £21.9m, with a decent boost to the bottom line too: adjusted EBITDA up 57% to £6.3m."
Nice move up after 1.341m shares went through earlier. Looks like a rollover to me, so maybe the subsequent 26k buy at 55.5p is the reason for the rise.
Hope so painter! More good news: Http:// "HAECO Group Rolls Ideagen Enlighten into China & Americas for Global Reporting, Audit & Risk Management Aug 19, 2016 HAECO Group, the global independent aircraft engineering and maintenance organisation, has expanded its safety and operational performance project with software firm Ideagen by rolling Ideagen Enlighten out into its China and Americas operations. The Hong Kong-based organisation – which employs around 17,000 staff globally – is working with Ideagen’s cloud-based software product Enlighten to successfully achieve group-wide visibility of performance and safety operations. Ideagen’s Enlighten software was implemented and rolled out to three HAECO sites initially – HAECO and HAESL (a joint venture with Rolls Royce) in Hong Kong and HAECO Xiamen in China – just over a year ago. Since then technical teams from both organisations have been working closely to configure, implement and roll-out the software, which has since enhanced reporting, audit and risk management levels for almost 15,000 users. Now, following the success of the software, HAECO Group has expanded Ideagen Enlighten to further sites in the Group, with TEXL Ltd based in Xiamen, China, and its MRO site in the Americas now on board. Dennis Hui, General Manager of Quality at HAECO Hong Kong, said: “By successfully having three HAECO sites up and running on the Ideagen Enlighten platform, the company has taken its first steps in its corporate goal of achieving group wide visibility of its performance and safety operations. “Following the success of the Enlighten product across the Group’s Hong Kong operations – including providing senior management with business performance, analysis and reporting data – HAECO Group has extended Ideagen Enlighten into its operations in America and increased its presence in China where we look forward to seeing similar benefits from the product and from working with Ideagen.” The HAECO Group, is one of the largest Maintenance, Repair and Overhaul (MRO) service providers in the world. Through its 18 subsidiaries and joint venture companies worldwide, the Group offers a full spectrum of services including airframe services, line services, cabin solutions, private jet solutions, fleet technical management, inventory technical management and component overhaul among others. Steven Cespedes, Ideagen’s Head of Aviation, said: “We are delighted that Ideagen Enlighten has been such a success within the HAECO Group and that they are witnessing some major benefits from investing in both us as a company and in the product itself. “The project has gone from strength to strength from the initial three sites and the system is now up and running and being used consistently on a day-to-day basis by almost 15,000 users across HAECO’s operations.” Ideagen Enlighten was chosen by HAECO Group in 2014 to provide them with a common platform across the business for various business tasks such as risk, incident and occurrence management, document control, auditing, and health and safety management. The next major phase in the project will see Ideagen and HAECO work together to introduce both analysis and business intelligence functionality into the system, providing key KPI and SPI data for each individual company and the wider Group. Steven added: “The end goal in this project is to achieve Group wide visibility of operational and safety performance. In the coming weeks and months, we will be working with HAECO Group to create their SPIs and KPIs which will provide management with an overview of their entire operations. By achieving this, it will allow HAECO Group to see how each site is performing and if any trends are emerging, thus improving safety knowledge and awareness of operational risks.” Ross McLarnon, Ideagen’s Product Manager for Enlighten, said: “The success of Ideagen Enlighten within HAECO’s operations is there for everyone to see, with huge benefits already being witnessed in the areas of safety and incident reporting in particular. “The scalability of the system has allowed HAECO Group to achieve operational excellence while catering for almost 15,000 users daily. This marks the first milestone in terms of Enlighten providing the global HAECO Group with complete oversight of business performance.”"
IDEA usually has a good run in the last 3 months of the year (1/10 to YE). Normally a TU mid November and in the past some contract wins announced ahead of Jan Interims. Good for a XMAS spread bet? History: 1/10/2013 22.375p 30/12/2013 28.125p +25% 1/10/2014 32.25p 31/12/2014 38.50p +19% 1/10/2015 47.00p 30/12/2015 53.00p +12%
Nice one Rivaldo. Looks like the price is taking a small turn down after its recent rise. Maybe a good time to top up.
IDEA have been featured in Shares Magazine as follows - personally I believe 100p will come quicker than 3-4 years given the likelihood of more and bigger acquisitions, as well as organic growth: "Bright Ideagen Compliance and risk is a software niche being successfully tapped Increasing industry compliance, accountability, audit trails and risk management, organisations around the world are being pushed to embrace an ever-tightening red tape net. Little UK software specialist Ideagen (IDEA:AIM) has a wide range of off-theshelf specialised software tools smack bang in this sweet spot, and successful execution of its buy-and-build strategy should see the shares hit 70p in the next six to 12 months. The Midlands-based company concentrates on what it calls the governance, risk and compliance (GRC) space, providing information management solutions to highly regulated industries, such as healthcare, complex manufacturing, banking/finance, defence and energy. Supplying an integrated system that combines information from multiple operational sources on top of the typical internal audit and compliance functions, this leads to a detailed overview for clients of corporate risk, controls and consequence mitigation, an increasingly compelling sale once an organisation’s bosses begin to grasp the significant financial and reputational damage risk of not having adequate systems in place. PROFITABLE NICHE It’s not a particularly glamorous market in the way that, say cyber security or fintech is right now. But it is allowing the company to carve itself a successful growth path in this complex and profitable niche, with carefully-vetted acquisitions adding extra value. Ideagen secured its first major purchase back in December 2012 (£18 million Gael) but its has added other smaller bolt-ons since, including the £3.6 million (net of cash) purchase of peer Covalent. It adds compliance-heavy verticals (local government, social housing) plus a deeper footprint in the existing NHS market, bolstering recurring revenue streams to about 55% of its total going forward. And a good value bit of business it looks. An estimated 85% of Covalent’s £2.2 million most recent annual revenue is recurring, implying a purchase price of just 1.9-times those repeat sales. EYE ON VALUE It’s a typical Ideagen sort of deal and underlines the management ethos that is delivering carefully managed, rather than blistering, growth. To illustrate the point, Ideagen’s most recent full year results, to 30 April 2016, show a 52% jump in revenues to £21.9 million for the year to 30 April, 10% of which was driven from the underlying business, or organic growth in other words. This 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, an increasingly meaningful metric in the current minvestment climate. At a pre-tax profit level the figures shot up 58% to £5.7 million, although that’s after adjusting for various perceived one-offs, such as share based payments, amortisation of acquisition intangibles and a few other bits and bobs. Investors can feel rightly chuffed about a 96% client renewals hit rate and 100 new customers won, not to mention the biggest single contract in the company’s history secured, worth £4.9 million. A previous Play of the Week in the early days of the company’s switch from the old Plus market to AIM at 16p (2 Aug 2012), that investment call went on to rack up a near 30% gain in a year to 20.625p. As the chart shows, despite a few lumps and bumps along the way, share price progress has been pretty consistent ever since, the stock earning a typical high-teens to low 20s price to earnings (PE) multiple. Extrapolate a rough 20-times PE beyond this year into the 30 April 2018 fiscal period, investors can quite reasonably expect the shares to nudge 70p over the next six to 12 months, tallying with the 69p price target of analysts at FinnCap. But being a long-run growth opportunity, it is not out of the question for Ideagen stock to touch 100p on a three to four year view. Growth: MEDIUM Serving an expanding niche and is aligning its ambitions with the large opportunity without overstepping its resources. Risk: LOW A clear focus provides opportunity as well as raising barriers to entry for competitors. Quality: HIGH High visibility from recurring revenues and decent cash generation, risk to forecasts is typically on the upside."
Techmarketview are positive on the acquisition too: Http:// "Monday 08 August 2016 Ideagen pays cash for Covenant Ideagen pays cash for CovenantInformation management software specialist Ideagen expanded its cloud capabilities with the £3.6m acquisition of Covalent, the Taunton-based software as a service provider and TechMarketView 'Little British Battler'. The deal adds 37 staff and approximately 200 customers to Ideagen’s ranks. Covalent’s Cloud Suite – which includes multiple risk and performance management modules – generated £1.9m of recurring revenue in FY15. Showing existing Covalent directors the door will save Ideagen around £180k per annum the company estimates, though we expect there are other short term costs involved. There are multiple synergies with the deal. Like G-Cloud supplier Ideagen, Covalent’s core customer base is rooted in the public sector, and predominantly local government. What looks like a significant overlap between the two newly merged companies product sets shouldn’t prove too much of a problem as long as customer expectations are managed correctly (IT departments often get nervous about being moved onto new applications/services and will need assurances on product lifecycles). Ideagen has been progressing nicely in recent years and we think the cash deal for Covenant is odds on to help it maintain that success."
Thought they were overpaying initially, but with the directors' salaries saving by my reckoning that's a p/e of about 10 they've paid. With some more savings to come. With IDEA on a higher rating that's in effect a few pence on the price straight away, which seems to be what 'the market' has priced in. Nice surprise to have found IDEA some time ago and (accidentally) found a company that tells shareholders pretty much how they are adding value, rather than just banging on about shareholder value while going on some ego-trip revenue building adventure.
Can see 60p here by end of August Buying today to increase holding
69p! I wish id topped up at the recent dip. Maybe it may go near the 60p target.
Cheers GHF. I note also that Finncap have increased their target price to 69p, the second such increase since 19th July (up from 61p at that time).
Agree, appears a good acquisition. finnCap provide the following upgrade to this years forecasts, "... assuming nine months of contribution, we lift our sales estimate by £1.5m (+6%) and EBITDA and EPS by +3% each. The sales adjustment is just shy of +£1.6m, which could be assumed by pro-rating Covalent's strong H1, which has been boosted recently by project work and therefore leaves room for outperformance. An expected EBITDA lift of +£0.2m reflects +£1.26m of cash operating costs, post £50k of assumed synergies." This transmits to EPS growth of 18% this year. Well done to DH & team yet again. Kind regards, GHF
Seems a sensible acquisition
Excellent news - an immediately earnings-enhancing £3.6m acquisition from the cash pile, bringing in high recurring revenues and increased GRC content "in the NHS, local government and financial services verticals": Http:// It looks an ideal acquisition: "Covalent currently employs 37 staff and has approximately 200 customers across the NHS, Local Government, Housing Association and Financial Services sectors. Covalent has recently released a Cloud Based version of its software following approximately 40 man years of development which has driven strong growth in recurring revenues."
Good news: Http:// "Thursday 4 Aug 2016 07:00 Ideagen secure place on G-Cloud 8 platform Ideagen, a Glasgow company which provides software and services to organisations in highly regulated industries, is delighted to announce it has been awarded a place on the G-Cloud 8 Digital Marketplace framework. The G-Cloud framework allows public sector organisations such as the NHS and local councils to find and compare cloud-based services like web hosting and site analytics. This allows public sector organisations to buy services quicker than before, as they don’t have to run a full tender. Since its launch in 2012, public sector organisations have invested hundreds of millions of pounds in cloud based solutions in order to improve performance levels and reduce costs. Ideagen’s successful placement on G-Cloud 8 marks its fourth term on the framework, allowing the company to showcase and offer its comprehensive portfolio of healthcare, GRC and web content management solutions via the Digital Marketplace. David Hornsby, Ideagen’s CEO, said: “We are delighted to once again be represented on the G-Cloud Digital Marketplace. It is yet another outstanding achievement for the company and once again testament to the strength of our products and services. “We look forward to being able to extend the services we can offer through this platform.” Via the new Digital Marketplace, Ideagen is able to deliver its full range of software solutions including its web content management system, a complete healthcare suite of products and professional consultancy services. In recent years, Ideagen has operated within the G-Cloud platform successfully. In 2015, the company used the platform to secure a contract with Public Health England, providing them with its dartKW software across eight UK research laboratories – allowing them to provide secure storage and reporting for clinical information."
Re post 628 Http:// "Ideagen to help mental health and community trust meet paperless NHS targets and reduce reliance on off-site storage suppliers" Published on July 8, 2016 at 12:17 AM ------------------------------------------------------------ A little bird says that the contract value is small by IDEA standards...sources believe it is about £31k in total with some recurrent revenue from software. Not sure how much is recurrent but apparently involves some 3 scanners and associated software. Nevertheless, good to see a foray into a new market segment :)
O/T FAO Rivaldo, Take a look at ARC - seems to have the financial characteristics you look for...strong upward movement today. DoI: I hold ARC
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