Iomart Share Discussion Threads

[sheikh al utrati] 09/6/2015 08:16

Oh well.. bottom of a drawer..

[soundbuy] 09/6/2015 08:14

Almost kinda expected this regardless of results - will bounce back and quicker this time.......

[gerri-c] 09/6/2015 08:12

Sell on the news/IOM, 'disappointed' some by refusing take-over?

IOM and their continued focus on considered growth will ultimately reflect in the share-price.

[sheikh al utrati] 09/6/2015 08:10

I must have missed something..

[soundbuy] 09/6/2015 08:08

Deja Vu

Numis called this +1% pre-market this am. on results

[davr0s] 09/6/2015 08:05

Wtf going on here - wasn't expecting big rise but thought results were ok

[soundbuy] 09/6/2015 07:47

Finncap this am.

'...................target lifted to 290 (280)based on unchallenging 10x March 2016 EV/EBITA

Re-iterates Buy

[gerri-c] 08/6/2015 23:06

finnCap recommendation/reiteration:

[aishah] 08/6/2015 12:22

The day before its year-end results are released, hosting company iomart has announced its acquisition of London-based SystemsUp, which provides consultancy services for the design and delivery of public cloud solutions. SystemsUp, which had revenue of £4m in its last FY and a PBT of £1.5m, is a G-Cloud partner to Google, an authorised Government Partner to Amazon Web Services and a Microsoft Gold Partner.

£9m in cash has been paid as an initial consideration. An interim payment of £500k in respect of the cash-free, debt-free normalised working capital adjustment has also been paid, and a further consideration of between £1m-£3.5m will be paid based on revenues for FY16.

It’s a smart buy for iomart as we believe the real margin value for suppliers, and the future ongoing interest from buyers, will come from understanding how public cloud can best be implemented as part of the broader IT landscape. We believe companies with those capabilities will be in increasing demand from the buyers directly but also via partners such as AWS and Google. It is also worth remembering that iomart’s existing cloud hosting business underperformed in H1 (see iomart shares dip on lower cloud growth), so this purchase could go some way to addressing that through the creation of a more complete cloud offering.

iomart has made several acquisitions in the recent past – namely Redstation and Backup Technology (acquired September 2013) and ServerSpace (acquired December 2014). Indeed, iomart was itself the target of a possible takeover last year. Cinven-backed Host Europe took a look around but ultimately no deal was done. As we said at the time: “we’d be very surprised if iomart doesn’t become the target of future takeover bids”. It’s a statement we still stand by today.

[hiriam007] 08/6/2015 11:44

Possibly people think it may affect the chance of a takeover or indicate a reluctance to be taken over or maybe it's moved up a lot in anticipation of good results and a few are getting out before the announcement and has little to do with the acquisition?

[sheikh al utrati] 08/6/2015 11:08

I didn't expect fireworks but going down on this sort news? Come on..

[fizzypop] 08/6/2015 08:19

This is good news but muddied the water somewhat as I was holding IOM as a potential bid target. I guess the bid target of 300-350p (Naked Trader) now needs revision. But no complaints and well done IOM for a stellar performance since Jan.

[balbains324] 08/6/2015 07:43

That was an unexpected but brilliant aquisition purchased cash!! This company is growing and heading for greatness!!

[balbains324] 03/6/2015 07:24

I think you are right Geri. This looks like it is heading for a nice revaluation once the results come in.

[gerri-c] 02/6/2015 16:52

I may be wrong but there appears to have been some large but nicely priced buying within the last few days. Hopefully a coiled spring. ;)

[balbains324] 01/6/2015 21:29

I think investors are gearing up for good news on Tuesday 9th June. It will shoot up if they produce the ahead of expectations version....!!!

[davr0s] 28/5/2015 18:54

Someone seems to be accumulating and hopefully we will close the gap to 260 but what then....?

[raysor] 22/5/2015 15:30

Another cloud company about to go? Daisy bid £180m for Phoenix IT
Won't do any harm for Iomart sp

[soundbuy] 20/5/2015 14:00

Aye 225p gone so 275p looking good.........

[varies] 20/5/2015 09:37

I see that the Host Europe offer was withdrawn last September. So we have a few months to run before this could be renewed.

[gargoyle2] 14/5/2015 12:51

Looking firm here.. looking for a break out.. if so, 275 next stop? DTOY

[raysor] 08/5/2015 09:30

What are the p/e ratios of TCY and IOM?

[loobrush] 07/5/2015 19:22

Looking good for a nice run here-its a good business to be in thats going to grow for years.
See-------
GLASGOW, Scotland, May 5, 2015 /PRNewswire/ --

Field Services Company Says Thin Client Keeps it Secure in Cloud

iomart (AIM:IOM), the cloud company that enables businesses to operate their online data and IT environments safely and securely, has provided a secure Hosted Desktop solution for one of the UK's leading field services organisations.

(Logo:

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Chase Solutions works with utility companies, banks and debt collection agencies across the UK. It says the move to the cloud with iomart has made it more not less secure and helped it continue to meet the strict security and legal standards demanded by both clients and industry regulators.

Michael Wolfenden, Operations Director for Chase Solutions, said: "Hosted desktop is the perfect solution because it allows our management to work on the road without having any important data held on their devices. The whole solution is hosted in iomart's cloud, in their fully compliant and accredited data centres."

The laptops used have a minimal operating system based on Linux that is securely configured to only allow access to the cloud environment via thin client software VMWare Horizon. This means only screen images, keyboard and mouse instructions are transmitted between the laptops and the cloud. No data leaves the iomart data centre and therefore there is none of the risk that is normally associated with laptops and data stored on their internal drives.

Steve Riley, the IT consultant for Chase Solutions, adds: "All Chase's clients' data is stored securely at iomart's data centre and because no data is stored on the laptops the managers are using they don't have to be encrypted. It means that when Chase responds to a tender for work we can tick every box with regards to security."

Phil Worms, Chief Marketing Officer for iomart, said: "Hosted desktop is a great enabler for business. By delivering all your desktop services and data direct from our secure data centres you can simplify your IT estate, connect to your corporate desktop from anywhere and scale up and down easily as your staff numbers change."

To read the full case study with Chase Solutions click here

Contact:
Jane Robertson
PR Manager
[e-mail]
[phone]
@iomart