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Iomart Share Price - IOM

Share Name Share Symbol Market Type Share ISIN Share Description
Iomart LSE:IOM London Ordinary Share GB0004281639 ORD 1P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 300.00 299.75 300.00 300.00 290.25 300.00 1,996,752 16:29:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Software & Computer Services 55.6 9.7 7.3 41.1 320.16

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Date Time Title Posts
30/11/201516:38Consolidation in the Datacenter sector1,490
07/1/201516:45Iomart with Charts & News45
07/6/201314:54Iomart - Consolidation in the domain name service sector.857
28/6/200620:13Iomega storage devices : thread for US company5

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nermil: Pulled this from III today Will Cinven up bid for iomart? By Lee Wild | Thu, 24th July 2014 - 14:13 Cloud computing provider iomart (IOM) has admitted receiving two approaches from an IT firm owned by Cinven, but rejected both. Understandably, the City also thinks the business is worth much more, but a retreat in the share price from early highs suggests they're not entirely confident of a better offer from the private equity house. An initial approach from Host Europe Holdings on 13 June priced iomart at 275p, but was quickly increased to 285p, valuing iomart at over £300 million. "The independent directors concluded that both offers undervalued iomart and accordingly, both were rejected," the company said in a brief statement Thursday. It's obvious why. Iomart shares were trading at 285p as recently as February and had been as high as 322p only last September. It makes money, too. Strip out amortisation of acquired intangible assets (amassed following recent acquisitions) and pre-tax profit surged by 37% last year to £14.6 million on revenue up 29% to £55.6 million. "With the high level of revenue visibility we enjoy, we have begun the 2015 financial year in a strong position. I look forward to another exciting year of growth and look ahead with considerable confidence," said chairman Ian Ritchie in May. Arden Partners is clearly a big fan. "We believe Iomart is likely to continue to make earnings enhancing acquisitions and believe that this, combined with organic growth, can help drive the share price to 600p within two years," it said after the results. "We maintain our buy rating and 415p price target. We believe now is a good time for investors to revisit the stock." And there's certainly evidence that iomart is worth more. Cinven paid 11.3 times adjusted earnings before interest, depreciation and amortisation for host Europe last year, yet its current offer values iomart at just 10.5 times share price Angel's forecasts for the current financial year. iomart is exposed to structural growth drivers - businesses increasingly utilise part, or all, of their IT via the cloud to take advantage of the cloud's scaleability and operating (rather than capital) cost based structure," says share price Angel. "A recent report from Parallels (an IT virtualisation and automation provider) estimates that the UK Small/Medium Business (SMB) cloud market will grow from £1.4 billion in 2013 to £2.5 billion in 2016." It expects adjusted earnings per share to grow 23% this year to 13.1p and by 16% to 15.2p in 2016. That's a premium to the sector, but full deserved given that strong organic growth. Cinven knows that and has the money to raise its cash offer. Under the City's Takeover Code rules, it must do so by 5pm on 21 August. For the record, share price Angel thinks iomart shares are worth 300p, and both finnCap and Peel Hunt said 325p post-results.
gnnmartin: The FT yesterday (5th) carried a column headed "Cloud price war is bad news for technology industry's old guard". I find it hard to judge if it will affect IOMart, but to quote the FT: "The cost of renting a gigabyte of storage on one of the Google's servers, for instance, has just been slashed from 10 cents a month to 4 cents". Could this (the Google action) have triggered the slide in IOM share price? Nigel Martin
worsleybird: Plays update: Iomart Iomart (IOM:AIM) 230p Shareholders in managed services data centre operator Iomart (IOM:AIM) might be a little perturbed by Host Europe’s decision to walk away from takeover talks given this week’s 12.5% share price slump to 230p. But that would be very short-termist. Our original Play of the Week at 245p (3 April) made the long-run investment case, and we stick firmly to our guns now that management can get on with the day job without distraction. Play update IOM Many in the City are puzzled by the share price weakness for much of 2014 but, as we did on 31 July, we remind readers of Iomart’s consistent buy-and-build growth, 49% earnings before interest, tax, depreciation and amortisation (EBITDA) margins, and 90%-odd recurring revenues. Management’s confidence in meeting expectations this year is another plus implying 21% revenue and 24% EBITDA growth to £67.2 million and £29.2 million respectively. We believe medium to long-term shareholders will be left laughing last, and longest. We continue to see long-term upside potential in the stock with perhaps 350p or 400p not an unrealistic target.
gerri-c: 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.
worsleybird: Article shares mag July 14 Managed services data centre operator Iomart (IOM:AIM) surprised the market last week by admitting to receiving two takeover offers, one at 275p per share, then another at 285p. We are not in the least bit shocked that management wasted no time in firmly rejecting both bids and believe that a far higher offer is required to tempt shareholders. A Shares Play of the Week most recently 3 April at 245p, we remind readers to consider Iomart’s consistent buy-and-build growth, 49% earnings before interest, tax, depreciation and amortisation (EBITDA) margins, and 90%-odd recurring revenues. Management took money off the table last year 1 October 2013 at 275p via a placing, and analysts agree that to giving those investors a reasonable return must be a bare minimum from any takeover. That the share price has budged less than 10% since the announcement shows that a successful bid is unlikely, but you never know. We continue to see long-term upside potential in the stock with perhaps 350p or 400p not out of the question, assuming management is allowed to get on with its day job. (SF)
onjohn: No pollnagorm The share price chart is telling you this one is in the smelly stuff. Amazon is killing it
protean: "Anyway one looked interested to me and that is cloud computing group Iomart (IOM) - it carries a bit more risk than my usual ones as it is tech related and can be volatile, moving fast. Still, I have taken that risk and bought some at 206 yesterday. Its last statement was bullish so I have added them on some recent weakness in the share price. For a high tech share they are not on a massive rating and at least there are real profits which are climbing sharply." hTTp://nakedtrader.co.uk
gerri-c: I acknowledge that there may be a major trade in the market but other than that, cannot understand the plummet in Iomart's share price. Obviously, this leads to small investor anxiety; even so I could no longer resist the notion that this morning's price level represented an opportunity to add. Time will tell.
gerri-c: The drop in share price must have whetted the appetite of more than just Host Europe.
itchycrack: The reason the share price hasn't reacted is the company are already on a very high rating and so results need to catch up with the price - IMHO.

Iomart Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 103,018 299.92 30 Nov 2015 17:12:03 GBX

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