Ideagen Share Discussion Threads

[lanzarote666] 09/9/2013 08:08

The words 'initial' and 'momentum' in this announcement suggest that this is just the start and opportunities are plentiful.

They seem well positioned to take advantage.

[battlebus2] 09/9/2013 07:58

Morning Cheshire Man time to add to these i believe, as i said to GHF i can see these trading at 50p in 18/24 months. imv dyor etc.

[battlebus2] 09/9/2013 07:53

MSS beginning to bear fruit since acquisition within the buoyant A and E markets. After last weeks announcement this may just be the start imv.

[cheshire man] 09/9/2013 07:53

More good news :-)

[battlebus2] 09/9/2013 07:19

Really like this company!

Ideagen PLC Further Healthcare Contract Wins
Print
Alert
TIDMIDEA

RNS Number : 4608N

Ideagen PLC

09 September 2013

Ideagen plc

("Ideagen" or the "Company")

Further Healthcare Contract Wins

Ideagen PLC (AIM: IDEA), a leading supplier of Compliance based Information Management, is pleased to announce that it has been awarded a new contract with Central Manchester University Hospitals NHS Foundation Trust (the "Trust") in addition to other contract wins within the Healthcare sector.

The new contract with the Trust is worth an initial GBP400k for the supply of the Company's proprietary dartEDM electronic medical record solution of which approximately GBP380k will be recognised in the current financial year. The Trust offers a comprehensive range of acute hospital based services to over one million patients annually. With the use of dartEDM the Trust will now be able to implement electronic medical records ("eMRec") to bring all their locations together into one comprehensive and integrated electronic repository. This will provide clinicians access to all the information relevant to their patients' treatment at the point of care.

Furthermore, MSS Management Systems Services Ltd ("MSS") which was acquired in July 2013 and rapidly integrated into the Company's Healthcare division is performing well due to the buoyant market for Accident and Emergency (A&E) solutions. In the first month of trading post acquisition, MSS has been awarded a significant contract worth GBP130k for its Patient First A&E solution from Wexham Park Hospital, Slough.

Outside of the UK, the Company has been awarded its first SaaS based contracts in the US Healthcare sector at the US Department of Veterans Affairs in Indianapolis and at Christus St Vincent, a network of 40 healthcare centres based in New Mexico, in its Santa Fe hospitals.

The Company intends to provide a full trading update for the first half of the current financial year in November 2013.

David Hornsby Chief Executive commented: "I am delighted that the Trust has selected dartEDM to help improve efficiencies and patient care. This deal is a significant eMRec win and is further evidence of our momentum in the Healthcare sector. I am particularly pleased to see MSS land its first significant contract post acquisition, which illustrates the successful acquisition strategy the Company has adopted, and the completion of our first SaaS based deployments into the US Department of Veterans Affairs.

"Outside of the healthcare sector, demand for the Company's products and services has remained strong with notable contracts received from the Prudential, Tata Motors, Fuji Diosyth, Mouchel and Marsh Insurance.

"The Company continues to trade in line with management expectations and the board remains confident of the future growth of the business."

[battlebus2] 06/9/2013 16:40

Yes buyers today :))

[cheshire man] 06/9/2013 16:23

A nice tick up going into the close :-)

[battlebus2] 05/9/2013 09:09

Yes looks extremely good even more so after yesterdays news imv, still really an unknown share, looking to add more when i decide what to sell :))

[welsheagle] 04/9/2013 21:26

From August's 'Company Refs', when price was 20.6p:-
a/ Prospective PE ratio of 12.5 (based on one broker forecast, recommending as a 'corporate buy').
b/ Growth in eps of 14.2%.
c/ Forecast eps for 2014 of 1.63p, increasing to 1.80 the following year.
d/ Turnover up from £0.38m to £6.51m in last four years.
e/ Positive cash flow of 1.46 per share.
f/ Cash per share of 5p.
g/ Four Directors buying recently.

Looks good

[cheshire man] 04/9/2013 16:12

I regret not putting a bigger order in this morning now but as I had tried to buy on line without success several times I thought I had a better chance of the fill and kill being triggered :-(

[battlebus2] 04/9/2013 16:00

More buyers noticing :)

Ideagen chief executive David Hornsby said: "With total attendances at hospital A&E units in England having risen every year for the past eight years, medical organisations have voiced concern about what they believe is an unsustainable rise in attendances and admissions.

"Ideagen has identified that emergency care services need more robust systems to manage this increased workload. Patient First, together with our existing NHS information management software, will enable us to help deliver the transformation required."

[battlebus2] 04/9/2013 15:42

Added a few more this will certainly rerate once this gets on the radar imv.

[battlebus2] 04/9/2013 15:38

Fantastic news GHF and evidence of a wise move by Ideagen. I expect we will get a decent proportion over the next few years :))

[glasshalfull] 04/9/2013 14:38

Ideagen have tweeted this breaking news...which helps demonstrate their rationale concerning move into Helthcare and recent acquisition of MSS. This provided them with "Patients First", an IMS designed to support Hospital A&E's.

So the announcement of a £1 billion investment to improve patient care & ease pressure on A&E is very welcome news for IDEA I'd suggest ;-)



@Ideagen_Plc: #BREAKINGNEWS: £1 billion to help A&Es and #NHS staff access #medicalrecords in hi-tech #hospital revolution hxxp://t.co/dcxCrXFexe.

The government and NHS will join forces to invest £1 billion in technology to improve patient care and ease pressure on A&E departments.

Co-ordinating care

The money will form part of the government's long term solution to pressures on A&E by freeing up doctors, nurses and care professionals' time to care for patients and cut down on paperwork and bureaucracy.

This new funding will help deliver the government's commitment to allow everyone to book GP appointments and order repeat prescriptions online by March 2015, as well as give everyone who wants it online access to their GP record.

One of the key things the money will be spent on will be systems which allow hospitals, GP surgeries and out of hours doctors to share access to patients' electronic records, which means:

Doctors, nurses and social care professionals providing emergency care will be able to access patients' complete medical details routinely across the country for the first time, so will be able to give them personal and effective treatment with full knowledge of their medical and care history;

Health and care professionals will have this information at their fingertips so can spend more time seeing patients and less time filling in paperwork; and
Errors will be reduced, as it will stop drugs being prescribed incorrectly because patients' paper notes have been lost.

Health Secretary Jeremy Hunt said:

The public are rightly sceptical about NHS IT after the disastrous waste that happened in the past. But we can't let their failure hold patients back from seeing the benefits of the technology revolution that is transforming daily lives. It is deeply frustrating to hear stories of elderly dementia patients turning up at A&E with no one able to access their medical history, and for their sakes as well as all NHS users we need to put this right.

That's why I've set the NHS the challenge of going paperless by 2018. But rather than imposing a clunky one size fits all approach from Whitehall, this fund will empower local clinicians and health services to come together and find innovative solutions for their patients. Technology is key to helping our A&E staff meet the massive demand they face as the population increases and ages.


Regards,
GHF

[glasshalfull] 04/9/2013 14:25

Thanks for the kind words. Great to see you bb2, WJ etc, Welsh & Cheshire Man. The fact that you are looking in and see value helps to reassure.

Clearly been a seller and it looks like a few of us have taken the opportunity to add.

The CEO has really impressed me during my 15/18 months of investing here & his commitment to keeping PIs informed has been most refreshing.

Regards,
GHF

[welsheagle] 04/9/2013 11:26

Not a recent Techinvest tip, Glasshalfull, but included in their portfolio, and one of their New year tips.

[battlebus2] 04/9/2013 10:57

Surplus stock virtually gone and spread opening, looks to be all buys this A.M.

[battlebus2] 04/9/2013 10:21

Yep his judgement and knowledge on this company are first class imv.

[cheshire man] 04/9/2013 10:16

Yes your right of course,,,,,,,,,,,,,that is very impressive research GHF posted !

[battlebus2] 04/9/2013 10:12

The way i see it Cheshire Man is the more familiar names are on board the better it makes your own judgement look. Yes thanks to GHF for posting.

[battlebus2] 04/9/2013 09:00

Great time to buy with a spread at 20/20p, still some shares available then it's upwards i believe.

[cheshire man] 04/9/2013 08:53

Funnily enough battlebus at times I feel relucant to post for that very reason :-)

[yump] 04/9/2013 08:51

GHF

By the way thanks for all the detail. I was looking a while ago for stocks that look 'solid, but with a chance of high growth' and this fitted the bill. Mixing them in with a few 'boom or bust' ones.

[battlebus2] 04/9/2013 08:44

Couldn't resist with the team already here :)) NOT stalking you guys!

[yump] 04/9/2013 08:42

GHF

This isn't a ramp, as its not a rampable share, but if you're looking for reasonable value TNG might fit. Just released interims. 6+p this year 8+p next, share price on about 7p atm. Not particularly exciting but green shoots of growth hinted at and chart says the same.