Ideagen Share Discussion Threads

[rivaldo] 19/11/2015 07:25

Nice one GHF, given today's news....

Excellent trading update, with:

- H1 nicely in line and strongly ahead of last year
- £4.9m public sector win
- net cash strongly ahead at £5.4m
- repeated use of the word "strong" in relation to current trading, the pipeline etc

[glasshalfull] 18/11/2015 21:11

Been adding to these recently as there appeared a valuation disconnect between these and peer KNOS which has increased in value by 60% vs only a modest 10% increase in IDEA in the same timeframe ... before the late rise today.

Unsure if it's simply catch-up or some other reason.

Not complaining mind ...

;-)

Regards
GHF

[pj 1] 18/11/2015 20:46

Yes, what happened at 4pm then? Very sudden surge

[modform] 18/11/2015 16:39

When it breaks out, you can't catch it, so make sure you're in

[hutch_pod] 18/11/2015 16:21

Yes, great to see the mini breakout!

[rivaldo] 18/11/2015 16:14

Ace, could be any day now (last year November 13th). Nothing on their web site.

The market is certainly looking optimistic :o))

[rivaldo] 02/11/2015 15:12

IDEA are presenting in London FYI on 19th November at a Shares Investor evening:

[rivaldo] 22/10/2015 12:06

Good to see Gael's Enlighten winning industry awards:



Extract:

"Described by Ideagen as a "risk-based, ultra-modern GRC software product", Enlighten's users include a number of established organizations such as Virgin, Haeco Group and Poundland."

[tightfist] 23/9/2015 08:48

Hi Rivaldo,

Many thanks for your considered posts on IDEA.

Cheers, tightfist

[rivaldo] 23/9/2015 08:31

Good news from Finncap this morning (EDIT - whoops, just announced by IDEA too!):

"Ideagen*: GRC Award (CORP)

As recognition for the quality of its ‘Enlighten’ cloud-based governance risk and compliance (GRC) product, Ideagen has announced it has won the most innovative product in the Health & Safety Category of the GRC 20.20 Awards.

The news is encouraging and highlights the advantages of the functionality, including real-time reporting and operational risk detail. We look forward to contract win newsflow as the product continues to gain awareness from the industry."

Here's the RNS:



Nice:

"Described by Ideagen as a "risk-based, ultra-modern GRC software product", Enlighten's users include a number of established organisations such as Virgin Rail, Haeco Group and Poundland."

[rivaldo] 17/9/2015 08:35

Dilip/GHF, it's also worth factoring in to calculations that IDEA have a fast-growing cash pile - £5.3m at 30/4/15 - to incorporate into any share price targets, not least because I'm sure IDEA are on the lookout for more earnings-enhancing acquisitions.

Nice plug from Penny Share Pro's e-mailed newsletter this morning:

"Ideagen lands new contracts

Ideagen, a leading supplier of information management software, recently announced it’s won two new deals with a combined value of £1 million.

The contracts, one with a top 4 global accounting firm and the other with a leading global petrochemicals group, are for Ideagen's Governance Risk and Compliance products.

It’s another very positive step forward for the group as it continues to expand its customer base and global footprint.

In our view, it shouldn’t be too long before the shares break out of their current trading range and begin a fresh leg higher."

[glasshalfull] 13/9/2015 21:13

Header updated following dilip's timely post.

Earnings & Forecasts now incorporate finnCap's estimates for 2017.

EARNINGS

Year End - April

2010A

Turnover £1.0m
Adj PTP £0.2m
Adj EPS 0.6p
Tax - Nil

2011A

Turnover £2.3m
Adj PTP £0.5m
Adj EPS 0.9p (50% growth)
Tax - Nil

2012A

Turnover £4.0m
Adj PTP £1.0m
Adj EPS 1.26p (40% growth)

2013A

Turnover £6.5m
Adj PTP £1.9m
Adj EPS 1.55p (33% growth)

2014A

Turnover £9.0m
Adj PTP £2.6m
Adj EPS 1.7p (12% growth)

2015A

Turnover £14.4m
Adj PTP £3.6m
Adj EPS 2.1p (27% growth)

---

FORECASTS

2016E

Turnover £21.8m
Adj PTP £5.7m
adj EPS 2.7p (29% growth)

2017E

Turnover £23.9m
Adj PTP £6.5m
adj EPS 3.1p (14% growth)


---

IDEA now have a 5-years earnings growth record, which has averaged 32% earnings growth per annum.

29% earnings growth factored in this year so I don't think it unreasonable or fanciful to suggest that IDEA deserve to trade on a prospective PER of 20. Personally I think that the finnCap target price of 52p is fair in the current year (next 6/9 months)...but with their enviable growth record; strong recurring revenue profile; cross-selling opportunities; strong b/s, etc, etc, then I also wouldn't be surprised to see this target price left well behind.

KNOS is the new darling stock...no reason why IDEA won't follow suit.

Regards,
GHF

[dilip40] 13/9/2015 19:03

co growing at 30%pa with high recurring income


at 3.2p eps and a pe of 20 would give a share price of 64p

comments?

[twiggy2] 08/9/2015 15:02

Having another go at 47

[jaws6] 08/9/2015 12:43

rivaldo
good link and info .
Thanks

[rivaldo] 08/9/2015 12:22

Nice summary of the contract wins on Techmarketview:



"Thursday 03 September 2015

Clients embedding Ideagen’s solutions

ideagen logoBy prioritising upselling to existing clients Ideagen, supplier of information management software to highly regulated organisations, has won two contracts (in the accounting and petrochemicals sectors) with a combined value of £1m. In both cases the contracts stem from additional business units and geographies adopting Ideagen’s solutions.

A top 4 global accounting firm initially deployed the Disclose financial solution in the UK and now the firm will extend use to its pan European operations. The solution is an automated financial disclosure tool covering UK accounting standards, UK GAAP checklists plus EU adopted International Financial Reporting Standards.

The Q-Pulse solution (encompassing quality management, safety management and risk management) was initially utilised in nine business units of a global petrochemicals group and with the contract win fifteen will now do so.

In Ideagen structured for success we highlighted that proforma organic revenue growth in FY15 stood at 5.3%. Today’s announcement will raise expectations for organic growth in FY16. With reference to the petrochemical client Ideagen states that they currently serve ‘15 out of a potential 200 business units’. We expect that a land and expand strategy will serve Ideagen well. "

[breaktwister] 03/9/2015 14:45

Share price hasn't moved on this in nearly 2 months. 2 buys at over £100k each this afternoon.

[glasshalfull] 03/9/2015 11:16

Thanks rivaldo.
Appears little interest over here with KNOS currently the stock in vogue ;-)

finnCap's update says it all...great opportunity for IDEA to expand the volume of business with existing clients and cross-sell to a customer base of 1,500 clients.
Deals such as that announced today should materially enhance organic growth.

Kind regards,
GHF

[rivaldo] 03/9/2015 09:38

Comment from Finncap - Buy with 52p target:

"Ideagen*: Contract extensions (CORP)

Ideagen has announced that two global existing customers have expanded their deployment of Ideagen’s Governance Risk and Compliance (GRC) solution suite with contracts worth a combined value of £1m. A top four global accounting firm is to extend use of the Disclose financial compliance solution from initial UK deployment into its European operations, while a leading global petrochemicals group will roll out Q-Pulse to seven further business units (taking the total to 16 out of 200). The contract extensions highlight the opportunities within Ideagen’s customer base of 1,500; the strength of the solution set, evidenced through its high profile customer base; and GRC strength in addition to the strong healthcare revenue streams. Target 52p reiterated."

[rivaldo] 03/9/2015 07:32

Big contract wins today:



"New Contract Extensions worth £1m

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, is pleased to announce that it has been awarded two new contracts with existing customers worth a combined value of £1m.

The new contracts, one with a top 4 global accounting firm and the other with a leading global petrochemicals group, are for the expanded deployment of the Group's Governance Risk and Compliance (GRC) products.

Both organisations have utilised Ideagen's GRC products for a number of years to help reduce risk, drive compliance and deliver operational excellence. The new contracts follow demand for the software from additional business units and geographies within each organisation.

The accounting firm will extend its use of the Disclose financial compliance solution from its initial deployment in the UK to its pan European operations, while the petrochemicals group will roll out Q-Pulse, the leading quality, safety and compliance software to 6 additional business units, bringing the total number serviced with this customer to 15 out of a potential 200 business units.

David Hornsby, CEO of Ideagen, commented: "We are delighted to have secured these contracts which extend the use of our software within two leading global businesses. Today we have over 1,500 customers, many of those represent a significant expansion opportunity for the Group as they comprise numerous business units operating across multiple geographies. These contracts validate this opportunity together with the technical capability of our solutions and the strength of our global account management."

[rivaldo] 06/8/2015 07:08

IDEA exhibiting in Phoenix, USA:



"Ideagen to Exhibit at GRC Conference Hosted by ISACA and The IIA
5 August 2015

Ideagen is pleased to announce that it is supporting the 2015 Governance, Risk and Control (GRC) Conference, hosted by ISACA and The Institute of Internal Auditors (IIA) from August 17-19, in Phoenix, Arizona, USA.

As an IIA’s Industry Leader, Ideagen will exhibit at this conference, demonstrating that best practice is key to achieving organizational excellence. Having supported internal audit departments worldwide for over two decades, Ideagen realizes the importance of the latest trends and regulations in order to continuously meet the expectations of its clients, which include the likes of Heineken, BBVA and BDO.

Ken Ebbage, Ideagen’s Managing Director of Risk and Compliance Division, said: “We are honored to support the GRC Conference hosted by ISACA and The IIA and feel that this is an important opportunity to meet and talk with high level auditors and risk professionals. It will also be an excellent time to learn which emerging trends and concerns are top of the mind for these industry leaders.”

With ever-changing markets and the introduction of new controls, companies have fallen under the watchful eye of regulators to meet strict industry targets. Failure to meet these goals can be disastrous for organizations and can lead to damaged reputations.

Mr Ebbage added: “It has become evident that GRC for organizations operating in highly regulated industries require to be so much more than just compliant. Carrying out comprehensive internal audit and managing risks is now extremely important – if not mandatory.”

The GRC Conference is one of the most important events to attend this year. The event will feature more than 30 sessions on topics such as risk mitigation, anti-bribery and corruption, privacy, technology and audit effectiveness related to millennials and more. The sessions will be divided into four categories:

•IT Emerging Trends
•A Holistic Approach to GRC Processes & Implementation
•ERM: Impact on Strategic Solutions
•Regulatory & Compliance Issues:Best Practices

etc"

[rivaldo] 03/8/2015 09:49

Cheers WE.

Good to see that IDEA was featured in this weekend's SCSW as their (ahem) idea for this issue, concluding that it was "one to watch". I believe that they somewhat underestimated the valuation in not looking forward and ignoring the cash pile and the likelihood of further acquisitions - as per my post 505 above. Hopefully it'll be featured as a main tip in a forthcoming issue.

[welsheagle] 02/8/2015 20:32

Thanks for some very informative posts, Rivaldo.