Iomart Share Discussion Threads

[pyemckay] 07/12/2015 12:35

What is the driver for a 20% rise to 300p Geoff?

[geoff21] 07/12/2015 12:16

jarbie, the price action of the past couple of days is very similar to the movements of quite a few stocks recently, all of which are well run profitable growing companies. Companies like REDD, PAG, KNOS, PHTM, MONY amongst others, all of which bounced back or are still in the process of bouncing back. I expect the share price to return back to at least the £3.00 level fairly soon.

[soundbuy] 04/12/2015 15:45

Good job 1/2p's are still not in circulation....

[rhubarbcrumble] 04/12/2015 14:01

..And at what cost?

Pass the aspirins.

[raysor] 04/12/2015 13:33

I wonder how long it took Singer to adjust TP from 298p to 297p?

[aishah] 04/12/2015 13:18

Iomart boosts profit and eyes fresh deals
3 Dec 2015
EMMA NEWLANDS

Cloud computing firm Iomart said yesterday that it is confident about its outlook, and reiterated its interest in further acquisitions after posting growth in revenue and profit for the six months ending 30 September.

The Glasgow-based company posted a year-on-year jump in revenue of 16 per cent to reach £36.4 million, while adjusted pre-tax profit increased by 8 per cent to £8.7m.

Chief executive Angus MacSween said: “This has been another good trading period for the group, driven by both organic and acquisitive growth.”

Iomart noted its acquisition of IT consultancy SystemsUp, for an expected maximum consideration of £10m, and of managed hosting business United Hosting after the period end for up to £11m.

The firm’s management told The Scotsman that the business is always on the lookout for ­further deals, and is continually in conversations on this, but strict criteria on who it buys and for how much means it rejects 95 per cent of those that come up for offer.

Iomart added that it increased its banking facility during the period, growing to £60m from £35m and extended through to June 2019, which will help to finance further deals.

The group, which runs eight data centres, said the cloud market landscape in which it operates continues to evolve and will become more “challenging,” but it is confident it can adapt.

“We have to stay agile and ­nimble,” the firm stated.

MacSween noted the company’s plans to add staff to support its growth, adding: “We believe we are well-positioned in the market and remain confident in the group’s growth prospects.”

Read more:

[filmster] 04/12/2015 13:09

I agree soubdbuy

[soundbuy] 04/12/2015 12:59

Ummmm.....few posters appearing who would appear to have been absent for decade or more.....more noise.....ignore IMO.....

[filmster] 04/12/2015 12:43

What im not sure on is.... if iomart hadnt of bought systems up would the profits be a lot higher? Or do they not deduct the price of the acquisition from the profits?

[raysor] 04/12/2015 12:30

"I have already been contacted by a couple of ex-colleague, asking for an explanation."
What was your answer?

[filmster] 04/12/2015 12:05

And whats your thoughts on iomart, abraham?

[abrahamtoast] 04/12/2015 11:59

I recently left iomart's workforce (in August) after more than 14 years, and would like to make clear to any readers that I am not buycell (comment 1515). I have already been contacted by a couple of ex-colleague, asking for an explanation.

[cutlosses] 04/12/2015 11:45

Maybe this drop could incite another bid approach ?I couldn't see anything horrible in the results so will hold, but disappointed I missed getting out at 300p.

[raysor] 04/12/2015 11:32

FinnCap report published

[izztre] 04/12/2015 11:15

Cannot see any reason for the 7% fall today?

[raysor] 04/12/2015 08:14

Anyone got Singer's note?

[billdobbie] 03/12/2015 21:29

Please explain buycell ?

[filmster] 03/12/2015 14:45

Why do you say that buycell?

[buycell] 03/12/2015 14:23

As a previous long term employee of this company until 6 months ago (7 years +) It totally baffles me how they continue to post any profits at all.

[andrewbaker] 02/12/2015 13:43

Old Mutual have been selling out, but others are buying, so don't think there's any problem: just a reaction to a big holder disposing for whatever reason, but not likely because a problem with the business; all IMHO.

Good opportunity to buy in/more.

[raysor] 02/12/2015 12:48

"Significant sells (200,000+198,000) gone through"

Some sort of cross?

[fizzypop] 02/12/2015 12:35

Spread just dropped to 1.8% from 5% on LSE

[fizzypop] 02/12/2015 12:31

Significant sells (200,000+198,000) gone through and. no doubt, stops triggered at 270 and 260p but is this a tree shake to flush out weak holders. Have we bottomed at 255p or could the drop continue? Looking to buy at these levels.

[raysor] 02/12/2015 10:51

1045 GMT Shares in computing hosting services provider iomart Group are down almost 11% at 267p after interim results. The numbers showed good growth from Hosting but a slightly more disappointing performance from the domain name division Easyspace, say analysts at N+1 Singer, who expect to modestly reduce their earnings forecasts. Still, keeps a buy rating and 298p target price.