Ideagen Share Discussion Threads

[rivaldo] 21/4/2016 12:22

Good to see the price rise, and on decent volumes too today.

IDEA normally issue a year end trading update in the first week or two of May, so not long to go.

The strong trading update in March should hopefully guarantee that May's update will be similarly strong - as was the case following the March update two years ago.

[pj 1] 20/4/2016 16:30

Certainly under buying pressure again

[wilk1] 20/4/2016 16:28

It took all day but we got there. Shortage of stock about ?

[tromso1] 20/4/2016 16:25

A flurry of buying into the close. A news leak?

[tromso1] 19/4/2016 15:24

Looks keen to head back up to the highs again.

[wilk1] 19/4/2016 15:16

Thanks guys, using an I phone so can't see different exchanges.

[supernumerary] 19/4/2016 15:11

wilk1 - just look under the Trades tab on advfn - they now list them with the exchange they were traded on. Yours seem to be there.

[wilk1] 19/4/2016 15:05

Is this traded on isdx ? I've bought 2 x 10,000 tranches today and they haven't shown up.

[yump] 19/4/2016 09:36

Well its been at this level for 9 months and hasn't permanently responded to increased prospects yet, so perhaps people feel safe to invest now the share price has settled for a while after the spike/selloff.

Or there might have been an overhang after that spike, the spike/selloff has happened before, followed by a slow recovery back up to the high. I think the selloff spooks a few people, whereas it could just be larger early holders selling chunks into the strength of the rise on results.

[rivaldo] 19/4/2016 09:20

News on the web site not posted here:



"Ideagen's Q-Pulse to standardise Bahrain's Ministry of Transportation & Telecommunication's quality management efforts
29 March 2016

Bahrain’s Ministry of Transportation and Telecommunications (MTT) has selected Ideagen’s Q-Pulse software to help it automate a number of manual processes relating to quality and safety management.

The MTT will use the software to replace manual functions around key tasks involving occurrence and incident management, audit management and overall quality and safety.

As the Government body responsible for the development and regulation of the Kingdom’s transportation and telecommunications infrastructure and systems, the MTT has also adopted Q-Pulse to handle critical job functions related to certain regulations and standards.

Maram Abdulla Al-Bastaki, Project Leader at MTT, said: “We were looking for a solution that would help in providing an automated approach to replace manual processes focusing on occurrence and incident management, audit management as well as quality and safety procedures.

“To be more specific, the Civil Aviation Affairs (CAA) sector – comprising of the Air Navigation Directorate, Safety and Security Directorate and the Aeronautical Licensing Directorate – handles critical job functions and they are required to follow certain regulations and standards in their work.

“As a result, they required a system to strengthen the oversight role of the CAA by providing comprehensive and secure audit capabilities as well as occurrence & incident reporting including management and analysis capabilities – not to mention overall control on their quality and safety procedures. All of that will help in ensuring compliance with ICAO Safety regulations and requirements.

“We looked at different solutions used by other organisations, but Q-Pulse was the most suitable to our requirements.”

Among the standards that Q-Pulse will help MTT adhere to are those associated with ICAO, IATA, IOSA, ANTR and ISO. Maram added: “These standards require us to follow certain procedures and rules whether in relation to audits, occurrences & incidents or document control. Having Q-Pulse will help in applying and enforcing these procedures.”

Maram added: “Q-Pulse’s modules basically resembles any organisation’s real life teams working together to achieve operational efficiency, accurate incident management and compliance to international standards and regulations. If implemented and utilised correctly, it could completely replace all manual paper based processes with a much better automated solution making everyone’s life easier.

“Indeed, our hope for Q-Pulse is that the system replaces all of our manual processes. We are also hopeful of implementing the product within other sectors and directorates in the ministry.”"

[rivaldo] 31/3/2016 08:09

This reads rather well....



"Ideagen to replace UK rail safety reporting system
31 Mar 2016

UK: Railway safety and standards authority RSSB has awarded Ideagen a £4·9m contract to replace the industry-wide safety reporting system using its Gael Enlighten cloud-based application.

The new SIMS+ safety management information system will replace RSSB’s current database, which dates from 2002 and acts as a central reporting facility for around 75 000 events a year. It will also replace the close call system used to record and manage low-severity events.

The aims are to capture safety event data more effectively to improve learning from potential or actual incidents; to introduce a common process for tracking, managing and investigating safety events, local actions and recommendations; and to define industry-wide key performance indicators while allowing operators to customise their own.

SIMS+ will use the latest social, mobile, analytics and cloud technology to give a ‘social user experience, mobile working, advanced data capture and business intelligence and cloud deployment’, according to Ideagen. ‘This contract is a major one for Ideagen and is the result of a strong commercial and technical bid in late 2015’, said CEO David Hornsby on March 30. ‘Both Ideagen and RSSB share the same vision of how innovation can drive safety through the UK rail sector and this opportunity to provide a game-changing and transformational project is one that we are very excited about and eager to get underway.’

‘Britain's railways are among the safest in Europe and highly regarded for their approach to data, analysis and evidence-based decision making’, said George Bearfield, Director of System Safety at RSSB. ‘As part of the industry's health and safety strategy, there is a commitment to improve this capability through next generation reporting systems and risk models and that’s where SMIS+ comes in.’"

[bally101] 21/3/2016 17:07

My news came good !

[glasshalfull] 18/3/2016 08:55

Congratulations DH and team.
Contract confirmation underpins revenues & should act as a good reference point for the company.

In the current year (year end April 2016) IDEA are forecast to grow EPS +27% & deliver earnings of 2.7p. They should also finish the year with c. £6.8m net cash according to forecasts.

On the back of today's announcement broker finnCap reiterate their buy stance & indicate,

"Ideagen has confirmed that it has signed the definitive contract for the £4.9m, five-year contract following the announcement of the award decision notice on 19 November 2015. The contract relates to the delivery of Enlighten (the SaaS-based Governance, Risk and Compliance (GRC) platform) to provide an incident management solution to over 70,000 users in the UK, for a public sector organisation. Work is already underway, with the customer planning the first main release for November 2016, to capture and analyse details of safety incidents and accidents. With strong trading momentum, the Ideagen board also reports that trading in the second half (year-end April) is expected to be in line with market expectations, showing significant improvement on the prior year."

Regards,
GHF

[stocktrawler] 18/3/2016 08:07

I took an opening position at the bell. Been watching this one for a while...

[rivaldo] 18/3/2016 08:04

Excellent news - in particular the trading update.

I topped up at the bell.

[multibagger] 18/3/2016 07:27

Confirmation of contract award :)

18 March 2016

Ideagen PLC

("Ideagen," "the Company" or the "Group")

Re GBP4.9m Contract and Trading Update

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, is pleased to confirm that it has now signed a definitive contract following an Award Decision Notice as announced on 19 November 2015. The contract is worth GBP4.9m over 5 years.

The contract is for the supply of the Group's SaaS based GRC platform, Enlighten. Enlighten will provide an incident management solution to over 70,000 users in the UK.

The Board is also pleased to report that trading in the second half of the year has remained strong with full year revenues and adjusted EBITDA expected to be significantly ahead of last year and in line with market expectations.

David Hornsby, Chief Executive Officer of Ideagen, commented: "I am pleased to report that the strong trading momentum as reported in our half year results has continued into the second half of the current year. We continue to see strong new business demand for the Group's Governance, Risk and Compliance (GRC) products, and the pipeline of opportunities with existing customers continues to build.

"We are also delighted to have now received the major contract for our recently launched SaaS-based platform, Enlighten, which is testament to our product innovation and our ability to successfully engage in large bids. The Board remains confident in the Group's growth prospects."

[supernumerary] 12/3/2016 11:45

Shoreham will surely have led to a number of leads for IDEA:



'It found "a number of deficiencies compared to what would have been expected", the AAIB stated.

The review added: "It is not clear that those who assessed the risks and recorded the assessment had a full understanding of the purpose of the risk assessment.

"The risk assessment for the 2015 Shoreham Airshow did not show the range of hazards presented by different display aircraft that formed the display and did not consider specifically where the hazards would occur or who would be exposed to them. There was no evidence of an attempt to consider either a hierarchy of protection or control."

It has revealed that the Shoreham Flying Display Director (FDD), who was responsible for the risk assessment, went on to submit risk assessments on two further air shows following the crash which were granted by the Civil Aviation Authority (CAA).

"It was found that the Shoreham Airshow Air Display Risk Assessment contained a number of deficiencies compared to what would have been expected for a risk assessment to control risks to the public," it says.

"The FDD of the Shoreham flying display was the FDD at two flying displays after 22 August 2015. The risk assessments he presented in support of these applications were not materially different from that for Shoreham."

Investigators also viewed video footage of the 2014 air show which revealed the "majority of the aerobatic manoeuvres" took place over public areas and in one instance over the town of Lancing.

The report also highlighted how the CAA had failed to implement a recommendation made by the AAIB after an air show crash in 2007 which said pilots should give "details of manoeuvres" organisers in advance.'

[rivaldo] 12/3/2016 07:46

Safety and integrity addressed at flight ops support conference
Posted 10 March 2016 ·

A flight safety and integrity event organised by BAE Systems and part-sponsored by software firm Ideagen has been described as a “huge success”:

[yump] 25/2/2016 09:35

More importantly, did you see the Flying Scotsman as it set off from Kings Cross this am ?!

[multibagger] 25/2/2016 09:34

...I'm sure there are a few good watering holes along the way....headache at the meeting or the following day ? ;)

[pj 1] 25/2/2016 09:32

Unfortunately for me I have the habit of walking from Kings Cross station to the venue and back. It makes you very thirsty though. Strangely it always seems to give me a headache too :-//

[multibagger] 25/2/2016 09:27

Thanks PJ for posting...I much appreciate the time and effort taken to attend and post :)

[pj 1] 25/2/2016 09:16

My brief notes from last nights meeting, which may help any research or to focus on the possibilitIes here. Please note I did miss some of the q&a
As always DYOR and check all my interpretations. I hold long position in IDEA

Targeting organic growth 12% compounded over last 4 years. 6% this year

NHS no current growth due to their internal budgeting pressures

IDEA -no record ever of profit warnings

eps growth target 25% pa, 100% over 3 years
large market sector of £5billlion with no golbal leader and very fragmented (possibly currently making headway with Rail network and services?. No ''gorilla dominance''. 40/50% of target companies have NO specific risk tools.

Compliance always back ward looking in most organisations now changing to forward thinking Risk management and best (relevant industry) best practice-opportunity e.g. Shell recognised as best practice O and G

Idea currently 2200 customers, idea represent 7/10 top accounting firms, 125 NHS trusts (all?), 14/14 Scotish health, 7/7 top aerospace ind,

NHS is a massive opportunity for Risk but currently it still mainly looks at past compliance (re-actionery not preventative?). Things will have to be linked together at some point.

£8m investment in Cloud tech and storage

Recurring Revs 52%, target 80% with NO dilution of earnings (easier said than done-no time frame given)

77% (£2015?) Revs from existing Customers (I assume customers >1 year old)

Crucial strategy for Companies to follow is now (cloud)

Compliance being Risk based
Tactical
User adoption
Solutions need
fast access to data
highly scaleable
rapid deployment
fully integrated.

Apols if any errors

PJ