|Bit of supply at ~89.5p. Offer slowly dropping.|
|Jimbo, I don't really go for target prices as such. just for feel on fundamentals, prospects, momentum etc. At present, all I can see is that as a company IDEA seem to lots of momentum and factors in their favour. And as a share they similarly have lots to commend them (top management, high recurring income, lots of contract wins, new products and sectors, sound Balance Sheet etc).
As City recognition of the company grows (along with its m/cap), and if the company continues to perform smoothly, it's possible that the P/E multiple will continue to rise to 25-30 or even more, in line with other companies which have won the respect of the market over time.|
|Apologies that is a PE of just over 23, a justified mild premium to the sector|
|Please note the PE provided by many sites does not adjust for non cash items such as depreciation of acquisition intangibles which in Idea's case is very high and share based payments which is also high because of the growth in the share price Also items such as costs of doing acquisitions need to be considered. finnCap have an adjusted eps number for next year of 4.2 and a PE target of 22 to give a target price of 98.|
|OK, PJ/Riv, do you have a target price in mind?|
|I'll get back in my box|
|My own view is that for 2018 we have a forward p/e of x19 taking account of the cash, a good PEG of 0.64, with eps upgrades probably still to come as highlighted by rivaldo|
|FWIW Stockopedia has IDEA on a historic (April) 2016 p/e/ of x126 against normalised eps of 0.71p.
I would note that IDEA's share price at April 2016 was 53p against 89p today.
IMO the 2016 p/e is worthless as a comparator as there have been at least 3 eps upgrades following acquisitions and Broker reports since. Apples and Oranges?|
|if this had a PE of 120 you wouldn't see me here for a starters !|
|Riv, noted. Cheers.|
|Jimbo, if I may say so, ALWAYS dyor and NEVER rely on automated statistics from financial web sites. They are almost always wrong, or at the least they miss the nuances of reporting statistics, i.e only going by the headline figures whilst ignoring the continuing core operations.|
|Riv, the PE was from advn finance section and also another site, lse I think.|
|Cheers jimbo. This is looking like being another excellent year for IDEA. Here's a direct link to the news:
I like this in particular as it should bring in further work from the rail industry:
"Coruson, developed by software firm Ideagen, will also provide a direct link to a Safety Management Intelligence System (SMIS) database – a new nationwide safety reporting system for the rail industry rolled out by RSSB, the UK rail safety standards board."
Incidentally jimbo, consensus is for 4.2p EPS for the year about to start. I have no idea where your P/E came from, but it's nowhere near correct :o))|
|Another day. Another contract signed
Really feels like this company is going places. The more their products get rolled out, the more 'industry standard' they become. This should lead to even more contracts.
Their PE rating is high at 120 though!|
|Further fantastic news - yet again !
The pace of securing contracts and implied growth is really stunning. This will blow out the 98p target pretty quickly and surge past the £1 mark by summer, if not much earlier.
Good luck all :)|
|...and there's more :o))
This time it's a biggie - Impellam are "the second largest staffing business in the UK and sixth largest managed services provider worldwide":
"Impellam Group chooses Ideagen Pentana to transform global risk and audit management
21 April 2017
The Impellam Group plc, a leading provider of managed services and specialist staffing expertise, is to overhaul its global risk and audit management operations by working with software firm Ideagen.
The company, which is the second largest staffing business in the UK and sixth largest managed services provider worldwide, is implementing Ideagen Pentana to modernise processes around risk and audit within its global Legal and IT departments.
Pentana will enable Impellam management to electronically manage corporate and brand specific risk logs to assess performance and improvement opportunities, while the organisation’s IT department will manage risks directly linked to business infrastructure.
From an audit perspective, Pentana will act as a central repository for all processes linked to their ISO 9001 and 27001 requirements.
Paul Lucas, Head of IT Governance who is leading on the Pentana project, said: “We are delighted to be implementing the Pentana software from Ideagen and I am excited by the prospects this project will bring to the Group.
“From a risk management perspective, every brand and every key function will be monitored within the system, with relevant emerging risks being easily elevated to corporate level when appropriate. This will all be done electronically, where previously it was very much a manual process. Pentana will then allow us to create detailed risk reports not only improving oversight of risks to the business for our internal audit committee, but increasing visibility at a corporate level also.”
Paul continued: “In terms of auditing, Pentana will bring a whole host of benefits linked to our ISO requirements which will help us continually monitor and improve on business performance and information security. It will provide us with a broader footprint of controls and complete the auditing circle – with corrective actions raised from audits being fed through the system.”
Impellam Group consists of 20 market-leading staffing brands including Blue Arrow, Guidant Group and Medacs Global Group. Currently, the organisation has over 3,400 staff across 182 locations worldwide.
Paul added: “One of the main goals of this project is to standardise processes and increase awareness of any risks that our business and brands face around the world.
“Pentana will cut out layers of inefficiency and help us to achieve those goals more quickly.”|
|All good stuff rivaldo,,,,,,:-)|
|Another contract win, this time for internal audit:
"European Reliance S.A selects Ideagen Pentana to digitise internal auditing operations
19 April 2017
European Reliance S.A, a comprehensive insurance company active in all modern sectors, is to roll out a new internal auditing system developed by software firm Ideagen.
Ideagen Pentana, Ideagen’s audit automation application, will help Greek-based European Reliance S.A to digitise its entire internal auditing operations and better equip the company to face future challenges and potential growth.
As part of the project, the Pentana system will allow European Reliance S.A’s internal auditing team to electronically plan and complete audits, assess inherent risks, identify any deficiencies in the company's operations and facilitate their remediation efficiently.
Stilianos Malamos (pictured right), Internal Audit Director for European Reliance S.A, said Pentana would provide significant savings, particularly in relation to audit report creation, and assist in the dynamic monitoring of all company risks and controls and the overall governance efforts.
He added: “Ideagen Pentana will not only provide us with strategic business benefits but also day-to-day improvements – particularly in relation to the creation of our audit reports for senior management.
“If we take into consideration that approximately 25% of our time is spent on writing reports, then the capability of Pentana to produce them automatically using our data in the system, means it will be an extremely useful piece of software for us.”
Stilianos added: "This is not the only benefit we expect to see from the software. We will be using Pentana in all phases of our internal audit operations starting from annual internal audit planning to identifying and managing various risks and inherent risks to the business. Strategically, this will give us a viewpoint of what we should expect to see performance-wise in the next year or two.”
European Reliance S.A provides a wide range of insurance coverages for individuals and companies through its creation of “specially designed, innovative andflexible insurance programs".
The company employs over 5,000 staff and insurance agents and has plans to expand further within Greece in the following years to significantly develop their operations.
Stilianos added: "We have already had discussions with other areas of the business around the capabilities of the Pentana system. We have also had detailed discussions with upper management and, everybody is excited by the prospects of using the Pentana system.
“European Reliance is a company with many departments and processes and as a result it is difficult to have a dynamic and holistic viewpoint of the various risk elements. Pentana will centralise all information and enable us to connect and unify operations from various departments efficiently for the benefit of the business.”"|
|I think its significant also....the U.S. in general is a fantastic opportunity for them|
|Cheers Cheshire Man.
Interesting that no-one else has commented on the US contract win. It may not be material financially in itself, but once you get a foothold in the US local authority market the potential is surely huge as one local authority recommends the system to its fellow local authorities and so on....at least, that's the way it works in the UK.|
|2 trades of 29.5k delayed for 3 hours, also.|
|Well spotted rivaldo,,,,,,good move up this morning :-)|
|10k delayed trade from 0825 @ 86.60p, & 10k @ 87p.|
|MM's not renowned for their generosity so expect to see a large delayed buy trade later.|