Iomart Share Discussion Threads

[dogwalker] 21/2/2024 15:05

Where have today's legs come from I wonder.

[morkandmindy] 02/11/2023 14:25

Big volume today!

[gopher] 18/9/2023 10:26

Hmm.. CEO goes now with results at end of week. What could possibly go wrong?

[2lb] 18/9/2023 07:34

Ineffective CEO booted , no surprise there..

[bunlop] 20/8/2023 16:29

Chart looking very strong compared to a lot of AIM stocks. Just gone XD as well. Good chance of hitting 200p soon but will it be able to break that level this time around?.

[2lb] 13/6/2023 11:42

Underwhelming results

[value viper] 11/5/2023 11:46

Been big rally here - hhmm

[abrahamtoast] 18/4/2023 19:23

First time on the boards for some time. I still hold some of these, although I'm no longer in touch with anyone who works there, having known several over the last 10-15 years. I'd be grateful if someone could post a brief summation of their opinion on what's gone wrong here. How much of it is down to the new CEO? He certainly seems to have made a number of pretty basic mistakes, since taking over from Angus McSween. From the outside, it looks like the culture is getting mired down with out-dated jargon and ridiculous job-titles straight from the 1990s. The company seems to be doing nothing more than treading water. Please, someone tell me there's more to it than this.

[kalai1] 12/4/2023 14:02

iomart Group plc issued a pre-close trading statement for the year ended 31 March 2023 this morning. The Group expects to deliver FY performance in line with market expectations. For the year ended 31 March 2023, the Group expects to report revenue of approximately £115 million (FY22: £103.0 million), adjusted EBITDA of approximately £36.2 million (FY22: £38.0 million) and adjusted profit before tax of approximately £14.6 million (FY22: £17.1 million). So a return to topline expansion with some pressure on margins, but still generally profitable for the sector. Net debt was roughly steady and comfortable at around £41m. Valuation is also relatively attractive with forward PE ratio at 10.8x top quartile for the Software & IT Services sector. Share price remains in a longer run correction and lacks positive momentum for now, there is no rush to buy. IOM is a share to monitor for now...

...from WealthOracle

[2lb] 25/1/2023 11:47

Still unexciting.

One wonders how they are going to deliver on that £200m revenue target within the next three years outside of passing on energy price increases.

[zipstuck] 06/12/2022 08:27

Unexciting

[simon gordon] 28/11/2022 15:20

RCN look the pick of the UK quoted sector. Growing, scaling and have forward momentum.

[pansybeast] 28/11/2022 14:57

Getting ridiculously cheap IMO, just added at 114.55. Being priced as if all their profits come from Crypto...

[2lb] 11/10/2022 08:17

"it is not expected that margins will fully recover and that profit for the full year is therefore likely to be at the lower end of the Board's original expectations."

[dogwalker] 10/10/2022 08:18

No, you're right bunlop.Wonder when it'll be.

[dogwalker] 06/10/2022 22:31

It's as advertised though - tomorrow.

[bunlop] 06/10/2022 20:13

Trading update has been on 1st October for the last three years. This year it is late.

[gopher] 14/6/2022 09:52

Nothing very new in these results except for the departure of the chairman.I noted they are now working with Microsoft on Azure. I may be missing something but surely this puts the sustainability of their own cloud offerings in question longer term making overall growth less likely.Sell first ask questions later is the mantra in these markets.

[dogwalker] 16/5/2022 16:27

Today trying to break up from the share price declining trend starting from a year ago. Perhaps.

[matthew palmer] 07/5/2022 15:35

Anyone on TECHINVEST, I am wanting to form a group of similar minded people to discuss its views etc and information.

Click my name and send a message.

[indiestu] 14/1/2022 09:12

OUTLOOK-- High degree of confidence in achieving results in line with the Board's expectations and executing against the Group's five-year growth strategy-- The launch of the enhanced set of product offering, coupled with a clearly defined brand and targeted go to market capability has provided for a positive sales environment to deliver future growth

[r2oo] 12/1/2022 22:38

Some decent purchases late in the day today.

[km18] 13/12/2021 14:26

Iomart Group is involved in the management of cloud services and development of Easyspace to offer a range of products to the micro and SME markets. Subsequently, infrastructure solutions are provided to small companies to assist them with data protection issues and e-commerce awareness. These plausible initiatives were incorporated into the firm’s valuation, where P/S ratio was 1.63, slightly higher than the industry benchmark of 1.16. As a result, a robust dividend yield of 4.01% was derived, higher than the industry threshold of 3.20%, signifying that market participants could enhance the value of their portfolio by investing in Iomart Group, with respect to its peers. This evidence is supported and explained by Iomart’s P/FCF ratio of 8.6, higher than IT industry P/FCF ratio of 3.4, which in turn signifies that Iomart Group financed its operations and investing activities more effectively than its competitors operating in the Information Technology industry.



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