Ideagen Share Discussion Threads

[cheshire man] 22/5/2015 08:36

Certainly a good start to the day :-)

[rivaldo] 22/5/2015 08:26

Very good news yesterday - could lead to a lot more work.

I can see the share price moving back up to 45p for starters now.

[cheshire man] 21/5/2015 08:09

Encouraging news this morning:-)

[rivaldo] 15/5/2015 14:41

Northland's opinion - "undemanding" ratios:

http ://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/18377/northland-capital-partners-view-on-the-city-churchill-mining-lookers-plc-ideagen-plc-and-valirx-18377.html

•FY results in line with expectation with both organic growth and contributions from the EIBS and Gael acquisitions. Revenue expected to show growth of c. 59% to £14.3m and adj. EBITDA +42% to c. £4m. Net cash at the end of April was £5.2m (H1 FY15: £2.8m) and it will at further acquisitions.

•Strong contribution from Gael. Integration is well underway and a number of existing Ideagen customers have upgraded to the enlarged product set. Ashley Marron, CEO of Gael, has been appointed Group COO.

•Good levels of contracted work in progress, a growing recurring revenue base and a strong pipeline. Growth across Manufacturing, Life Sciences, Aviation and Banking as well as renewed momentum in the NHS, post-election.

NORTHLAND CAPITAL PARTNERS VIEW: Positive pre-close with performance in line with estimates at the top and bottom line. The Gael acquisition (January 2014) was substantial (£18m in cash) but has made a substantial difference to the business in terms of the product set and customer base, strengthening Ideagen’s position in the healthcare, manufacturing and aviation sectors. Demand for Governance, Risk and Compliance software continues to grow as regulation increases in volume and extends to additional sectors. Shares are trading on 16.7x FY15 and 13.0x FY16 – reasonably undemanding for the sector."

[cheshire man] 14/5/2015 13:34

SHARES magazine @SHARESmag · 1 hr 1 hour ago
Gael-force Ideagen « Shares Magazine: @SharesMagSteve on 7% share price jump of red tape software supplier …
1 retweet 0 favourites

[rivaldo] 14/5/2015 11:22

Techmarketview are positive...



"Thursday 14 May 2015

Ideagen bedding in future success

ideagen logoIn its trading update for ended 30th April 2015, Ideagen (supplier of information management software) has indicated how the firm will be integrating the recent acquisitions of Gael (see here) and EIBS (see here).

Trading was in line with management’s expectations with revenues of approximately £14.3m (up 59% year-on-year) and adjusted EBITDA of approximately £4m (up by 42%). Of course the acquisitions of Gael and EIBS bolstered revenues but Ideagen continues to generate organic growth with recent wins in the aviation market by Gael (see here and here) and in the NHS (see here) by Ideagen.

In Ideagen to gain scale with Gael we highlighted that Gael’s governance, risk and compliance (GRC) software will augment Ideagen’s existing risk management proposition. Management stated that Gael had ‘transformed the Group’ referring not only to its financial contribution but also in terms of product capability; Ideagen customers are now upgrading their existing installations to take advantage of the Group’s new capabilities.

We described the Gael acquisition as more of a merger of equals and today management stated that they ‘can now accelerate the integration of Gael into the Group’. Ashley Marron (Chief Executive of Gael has been appointed Group Chief Operating Officer with responsibility for all of Ideagen's Product Strategy and Development and Customer Services.

We think the appointment marks an important milestone in Ideagen’s evolution; by providing a coherent proposition to their chosen verticals the company will be more than a collection of disparate entities. "

[pj 1] 14/5/2015 10:02

I'm in too with a small stake but looking to follow and add with momentum. It was a good presentation at Mello14 and I notice they have presented in few other get togethers since

Nice to see familiar faces!

[rivaldo] 14/5/2015 09:49

Finncap have a 50p target:

"Ideagen: Full-year trading update (CORP)

Ideagen has reported a trading update for the full year to April 2015, confirming performance in line with expectations: revenue of £14.3m (vs £14.2mE) and EBITDA of £4m (vs £4.0mE). Net cash of £5.3m remains strong, supporting pursuit of further strategic opportunities in FY16. The January completion of the acquisition of Gael has made a strong positive contribution financially as expected, as well as offering customer routes to product upgrades and cross sales. The group outlook reiterates a strong pipeline, with renewed NHS momentum after a pre-election slowdown in NHS activity, a growing recurring revenue base, and significant contracted work in progress.

With delivery of forecasts for (April) FY15 confirmed, it is clear 12.8x P/E on unchanged FY16 forecasts offers valuation upside. 50p target reiterated (= 18x)."

[molatovkid] 14/5/2015 08:25

me too....

[stocktrawler] 14/5/2015 08:22

Also took maiden position this morning. Like the story, fundamentals and momentum.
Got in at 36.4p before the rise which was nice.

[rivaldo] 14/5/2015 08:19

Snap CWA1. I was in on the bell (my trade hasn't yet been reported) and am already in profit. Which is nice.

Good to join some much respected holders here.

Been waiting for ages for a decent entry point, and this is it given that IDEA is not only pretty cheap on fundamentals but also likely to make acquisitions from cash/borrowings soon.

[cwa1] 14/5/2015 08:10

Morning All

Took my maiden, modest, stake in IDEA first thing this morning on the back of the TS, sounded interesting/encouraging.

Good fortune to all holders.

[cheshire man] 14/5/2015 08:03

Took advantage of the recent dip here to increase my holdings, very happy with this TU this morning :-)

[battlebus2] 14/5/2015 07:45

Yes an excellent performance.

[glasshalfull] 14/5/2015 07:35

Well done DH & team.

@Glasshalfull1: IDEA @Ideagen_Plc - Strong t/s indicating 25% EPS growth for 2015. 2.73p EPS est. 2016 for +30% further growth #TMFPPH & team.

Regards
GHF

[hutch_pod] 11/5/2015 16:35

Makes sense. Thank you!

[samenic] 11/5/2015 15:40

Well really it was just the uncertainty surrounding all the presentations.Pre-empting the questions he demdisableded that their growth was to continue without the need of NHS contracts,though the criterea Milliband had outlined for Government contracts would have been easy to have circumvented.
It was the second time l've met the guy who runs the company,the first l didn't fully understand the business and wasn't really taken with the guy.But l think we had far more time in Peterborough and he was more open and at ease.Researching the company l didn't identify many downsides.Anyway best of luck..

[hutch_pod] 11/5/2015 13:53

Thanks Samenic. Was it seen as pretty much a given then, as in Labour control would have lost them future NHS contracts?

[samenic] 11/5/2015 13:38

Would love to know when the above deal was actually secured ! By the way the trading update will be this week(delayed due to election).At the presentation in Peterborough they produced figures on the basis of a Labour coalition,thus removing any NHS contracts..

[themachine99] 11/5/2015 12:31

Gael secures £410k deal with Flybe
Posted 11 May 2015 • Add Comment
Scottish software developers Gael Ltd, a subsidiary of Ideagen has secured a significant deal with UK commercial airline, Flybe.

Flybe, which currently has a fleet size of 64 aircraft and flies to 178 European destinations, will implement Gael’s Q-Pulse, Gael Risk and Performance Monitor products under the umbrella of Gael Insight.
The Insight solution will ensure the company increases overall safety of its operations, enhancing incident reporting and becoming more efficient and safety intelligent.
Alison Milborrow, Head of Safety and Compliance at Flybe, said: “Working with Gael and Gael Insight, Flybe will enhance safety and performance, building, maintaining and improving the business through detailed analysis reporting.
“Through Gael Insight, Flybe management will be provided with a unified view of quality and safety activities to reduce non-compliance, risk and drive continuous business improvement.”
Ian Holder, Flybe’s Operations Safety Manager, added: “Regulators such as EASA and the UKCAA have announced moves towards Risk and Performance Based Regulation and Gael Insight ensures Flybe is fully prepared for these regulatory changes, allowing the organisation to continue to stand up to the scrutiny of these regulations.
“The Gael Insight solution addresses issues at a personal, departmental and organisational level through analysing all issues by frequency and financial cost to the business. It brings together Quality, Safety, Risk Management and Performance Monitoring to ensure we can demonstrate a completely proactive and anticipative approach to operational activities to achieve operational excellence.”
Ideagen Plc, who acquired Gael earlier this year, are listed on The London Stock Exchange AIM market and specialise in compliance based information management software. Its Gael Insight solution will help Flybe centralise safety reporting to meet European-wide business needs as well as allow the business to schedule and complete audits electronically for all areas and standards of quality and safety.
Gael’s Chief Executive Officer, Ashley Marron, said: “We are absolutely delighted to be working alongside Flybe to help them drive continuous improvement and operational excellence with Gael Insight.
“Flybe is Europe’s largest regional airline and this partnership once again highlights the strength of our products and our people.
“The journey towards operational excellence is unique to an organisation. We will not only provide software solutions and services to Flybe, but offer as lifetime commitment to working alongside them on that journey.”
Since 1992 Gael has specialised in compliance and risk management software. With over 2,000 customers in 93 countries, including those in the aviation sector. Currently over 300 aviation organisations utilise its products including Emirates, Finnair, LOT Polish and Pinnacle, MROs including KLM UK Engineering, and regulators including the UK CAA and GCAA in the UAE.
Gael is a subsidiary of Ideagen PLC and employs over 100 staff based in its global HQ in East Kilbride, Scotland, as well as its premises in both Dubai and Boston

[themachine99] 20/4/2015 13:35

Ideagen normally provide a trading update to year ended April in early May....Currently trading on a PE of 16ish with brokers forecast EPS growth of 25% - falling to a PE 13 on next years forecast with EPS growth of over 30%. This seems low given track record of consistent EPS growth over the past few years. Interesting to hear feedback after the presentation later this week

[davidosh] 19/4/2015 09:38

David Hornsby of Ideagen will be exhibiting and presenting at the Mello workshops event later this week... www.melloevents.com/mello-workshop/

[cheshire man] 24/2/2015 08:20

Glad I took advantage of the recent dip :-)

[glasshalfull] 24/2/2015 07:59

finnCap agree with a 52p price target

Ideagen*: Gael contract wins

Ideagen has announced new contract wins in the aviation sector worth a combined total contract value of c£1m. The contracts have been won by Gael, Ideagen’s recently acquired subsidiary, for the supply of integrated Compliance, Risk and Safety Management solutions, and add to Gael’s existing established footprint of 300 customers within the aviation sector, as well as contributing to further derisk forecasts in 2H15 and beyond. Strong momentum, and further proof of the logic and execution of the acquisition strategy. Target 52p reiterated.


Regards
GHF

[glasshalfull] 24/2/2015 07:40

Great to see benefit of Gael acquisition. 30%+ earnings growth forecast 2015/16 (see header)

@Glasshalfull1: IDEA @Ideagen_Plc - Justifying acquisition of Gael through large contract wins Earnings growth accelerating #TMFPP

Regards
GHF