Ideagen Share Discussion Threads

[rivaldo] 06/12/2016 13:35

New highs now.

GHF, do I recall you were going to update the thread header post with the increased forecasts?

[rivaldo] 02/12/2016 14:08

Looking strong now. Nice 72k buy at lunchtime at 59p, a full 1p above the 58p published offer price at the time.

[martinthebrave] 30/11/2016 14:05

Quality customer for a quality company. Nice find Rivaldo. Thanks for posting it.

[rivaldo] 30/11/2016 09:49

Excellent contract news - Telefonica are a big new name to shout about:



"Telefonica UK Property and ISS choose Ideagen’s Enlighten system to manage governance, risk and compliance
28 November 2016

Telefonica UK, a leading digital and communications company, and ISS, the leading global facilities management service provider, is to work with software firm Ideagen to improve governance, risk and compliance operations across the O2 estate.

Ideagen Enlighten, Ideagen’s cloud-based GRC application, is to be implemented and rolled out to bring several operational improvements to Telefonica UK’s Property department.

The software will provide one source of truth for the management of controlled documentation, improve visibility of audit scheduling and automate action management and escalation. Enlighten will also enhance levels of reporting and increase accessibility for Telefonica’s mobile workforce.

Darren Bryanton, Telefonica’s National FM Operations Manager, said: “We regularly participate in audits to assist Telefonica UK in retaining an impressive portfolio of certifications and standards which are essential in demonstrating world class service to our customers. Enlighten will manage audits and document control for the department.”

Suzanne Burge, ISS Quality and Assurance Manager, added: “After a thorough review of the market, we selected Enlighten due its scalability, accessibility and ease of use. We wanted a product that we could design ourselves to fit the needs of the business - not just now but in the future.”

Tim Blackburne, ISS Account Director, said: “Telefonica UK’s high standards of operational compliance and audit success rely on clear governance, audit readiness and document management. Ideagen Enlighten gives us this.”

And Andrew Neish, Telefonica Head of Property, added: “Both Ideagen and Telefonica UK share the same vision of how innovation can drive improvement in business and this opportunity to provide a game changing and transformational system is one that we are very excited about.”

Ideagen is a supplier of Information Management software with operations in the UK, the United States and the Middle East. The company specialise in eGRC (Enterprise Governance, Risk and Compliance) and Healthcare solutions for organisations operating within highly regulated industries."

[rivaldo] 24/11/2016 07:17

Liontrust are still buying - above 11% now with 20,14m shares:

[rivaldo] 22/11/2016 15:56

Keen 42k share buy at 56.5p just reported, 0.5p above the 56p published offer price.

[rivaldo] 21/11/2016 10:58

Finncap reiterate their 69p target today:

[rivaldo] 16/11/2016 11:42

Liontrust continue to buy and are now up to 19.876m shares:



NB : their holding is now just less than 11% due to option exercises, despite the additional buying.

[rivaldo] 16/11/2016 09:07

News:



"Whyte and Mackay work with Ideagen to boost quality, safety and compliance within its bottling operation
15 November 2016

Whyte and Mackay, the global drinks brand company, is working with leading software vendor Ideagen to improve quality, safety and compliance management at its bottling operations.

Ideagen’s Q-Pulse software has been rolled out across Whyte and Mackay’s plant in Grangemouth, Scotland, to improve document and audit management and ease compliance with standards such as BRC.

Q-Pulse, an electronic quality management system, has replaced a series of paper based processes helping the organisation improve all aspects of its operations, including enhancing levels of safety reporting.....

....Ideagen’s Q-Pulse is used by over 2,200 organisations globally including some of the biggest names in the Manufacturing, Aviation, Rail, Energy and Life Science industries.

Rob Shillaker, Head of Client Management at Ideagen, said: “We are delighted to be working with such a globally recognisable company; helping them improve quality and safety in what is a key area of its business.

"We are looking forward to working with them in years to come and achieving further success across their operations."

[rivaldo] 08/11/2016 08:29

Cheers GHF, looking forward to your updated thread header.

And IDEA have been tipped:



"Could this small-cap tech stock be the next big thing?
By The Motley Fool Nov 7, 2016

Small-cap tech company Ideagen(LSE: IDEA) this morning released a positive trading update. It shows that the information management software supplier has made good progress in the six months to 31 October. However, does it have what it takes to be the next big thing?

Ideagen's sales and adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) are expected to show a significant increase versus the same period of last year. This is partly because of the acquisition of Covalent, but it is also due to organic growth. Ideagen's sales are expected to have risen by 16% on an organic basis, with a small contribution on top from Covalent following its acquisition in August.

Considerable growth potential

Ideagen's cash generation during the period was strong and it maintains a sound balance sheet that contains no debt. The cash balance at the end of the period was £4.8m following the £3.8m payment for acquisitions and associated costs. The integration of Covalent is now complete and an increased contribution is expected in the second half of the year.

In the long run, Ideagen has considerable growth potential. For example, its cloud-based Enlighten solution offers a major market opportunity which Ideagen should be able to capitalise on. In the near term, its bottom line is due to rise by 12% in the current year and by a further 13% next year. Despite this upbeat outlook, Ideagen trades on a price-to-earnings growth (PEG) ratio of only 1.2. This indicates that it offers a wide margin of safety should its performance fail to meet guidance. It also means that Ideagen's capital gain potential is high."

[glasshalfull] 07/11/2016 18:55

Thanks for the updates rivaldo.

Again, delighted at IDEA's t/s this morning. DH and his excellent team consistently deliver strong earnings growth & cash generation. In my 5-years as a shareholder they've only once provided a negative update - VA Contract termination in 2013 (a matter outside their control) & this is testament to a strong management team expanding through organic growth and careful acquisition.

On the back of this latest positive update I was surprised to obtain stock @53.5p...perhaps the prospect of President Trump is weighing on market sentiment???

FinnCap indicate,

"...revenue and EBITDA showing significant improvements over 1H16 through the successful combination of organic and acquired growth.

Organic growth of 16% is in line with total FY17 revenue growth expectations (also 16%) and the integration of Covalent is now complete, with an increased contribution expected in 2H17.

Cash generation has been strong in 1H17, with 31 October cash of £4.8m demonstrating free cash flow of c£2.3m, compared with free cash flow of £0.04m in 1H16 and £2.8m for the whole of FY16 – a significant improvement. Forecasts unchanged and well on track for delivery"

The broker reiterates a 69p target.

IDEA's shareprice is unchanged since they announced the Covalent acquisition in August when finnCap upgraded EPS by 3% to 3.1p (+18% growth) for the current year. That's on the back of +26% earnings growth during each of the 2014/15 & 2015/16 financial years.

I require to update the header with the 2015/16 earnings, but IDEA are on track for 7 years of straight earnings growth. Credit to employees and management on delivering such an excellent performance.

Kind regards,
GHF

[rivaldo] 07/11/2016 12:22

Techmarketview are positive:

"Monday 07 November 2016

Ideagen grows on vertical diversity

At the end of Ideagen’s financial year (April 2016) when the estimated percentage of SaaS revenue was sub 10% with a customer count of c20 out of a total of c2200, we noted that Ideagen expected SaaS recurring revenues to start flowing in its new financial year. Today’s H1 trading update picks out momentum in its cloud-based Enlighten product as one of the factors in its expected 16% organic revenue growth.

Performance seems to be buoyant across the business as according to CEO David Hornsby, “strong trading has been driven by demand across all key vertical markets”. Total revenue could be marginally higher than 16% as there will be a smattering of revenue from acquired Covalent – a Little British Battler in the SaaS GRC area. EBITDA is also expected to show a significant increase (adjusted EDITDA was up 57% in the last full year).

Once again Ideagen has demonstrated that its pivot from a healthcare-based business to a vertically diverse operation centred on GRC was a good move."

[rivaldo] 07/11/2016 10:55

Finncap reiterate their 69p target:

[pj 1] 07/11/2016 10:34

This is by far the most stress free stock in my Portfolio.

If my records are correct then since first buying in 2013 every trading statement and update has been 'in line with market expectations'.

No 'profit warnings', no 'aheads'

Does what it says on the Tin.

[18bt] 07/11/2016 07:37

Very strong update - room for slective acquisitions to further boost shares in due course. Market forecasts might get upgraded a little on this: 16% revenue growth for the year already forecast, should be a little more with Covalent. Adjusting for cash balances takes nearly 1x off the PER.

[rivaldo] 07/11/2016 07:35

An excellent H1 trading update - "strong" trading is very encouraging, with "a significant increase over the same period last year" in revenues and EBITDA.

It's also reassuring that IDEA can already state they expect to be in line with expectations for the full year. This rather indicates that their pipeline is full, and so any additional contract wins - or acquisitions from the cash pile - might take IDEA "ahead":



"David Hornsby, Chief Executive Officer of Ideagen, commented: "This has been a good start to the financial year. Strong trading has been driven by demand across all key vertical markets and continued momentum with our cloud-based Enlighten solution. The market opportunity remains large and long term, and consequently, the Board is optimistic about the Group's continued growth prospects."

[multibagger] 07/11/2016 07:16

RNS Number : 4343O
Ideagen PLC
07 November 2016

("Ideagen" or the "Company")

Trading Update

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management Software to highly regulated industries, today provides an update on trading for the six months ended 31 October 2016.

The Board is pleased to report that trading has remained strong in the first half of the financial year.

Revenue and adjusted EBITDA are expected to show a significant increase over the same period last year through a combination of organic growth and the acquisition of Covalent. The Group expects to report organic revenue growth of approximately 16% together with a small contribution from Covalent which was acquired in August 2016. The integration of Covalent is now complete and the Company expects an increased level of contribution in the second half. Consequently, the Company continues to trade in line with market expectations for the full year to 30 April 2017.

Cash generation in the period was strong and the Company maintains a robust balance sheet with no debt. The cash balance at the period end was £4.8 million (30 April 2016: £6.3 million), after the payment of £3.8 million for acquisitions and associated costs.

David Hornsby, Chief Executive Officer of Ideagen, commented: "This has been a good start to the financial year. Strong trading has been driven by demand across all key vertical markets and continued momentum with our cloud-based Enlighten solution. The market opportunity remains large and long term, and consequently, the Board is optimistic about the Group's continued growth prospects."

[rivaldo] 13/10/2016 08:22

Good stuff, particularly the NHS Trust win given the straightened circumstances in that sector - the more Trusts who use IDEA's products, the more will follow.

[multibagger] 13/10/2016 07:05

Ideagen PLC New Contract Wins worth £1.2m

13/10/2016 7:00am

Ideagen PLC

("Ideagen" or the "Group")

New Contract Wins worth GBP1.2m

Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, is pleased to announce that over the past month it has been awarded three important contracts with new customers in key vertical markets worth a combined value of GBP1.2m.

Two of the new contracts represent key customer wins in the aviation sector. Air Transat, a Canadian airline, and KLM, a Dutch airline, have selected Ideagen to implement vital risk-based compliance solutions to help drive operational excellence and enhance customer safety.

Air Transat and KLM are the latest aviation customers to select Ideagen products. The Group now has approximately 300 aviation customers including over 100 regional and national airlines.

In addition, Medway NHS Trust has selected Ideagen to provide a secure platform which will enable the Trust's laboratories to electronically communicate with GP practices thereby streamlining the clinical test process. It is intended that the system will drive operational efficiencies and further improve patient care.

David Hornsby, CEO of Ideagen, commented: "We are delighted to have secured these new customer contracts which extend the use of our software within two key vertical markets. Today we have over 2,000 customers and many of these are within healthcare and aviation. These contracts demonstrate the opportunity to continue to grow both our key market sectors and the technical capability of our solutions."

[rivaldo] 30/9/2016 08:12

Wow - Johnson Matthey are a big fish to capture! Surprised it's not RNS-able, but if not it must be pretty close in financial terms:



"Johnson Matthey’s Oil and Gas Division Work with Ideagen to Achieve Business Improvement for Its Global Operations

September 29, 2016

NOTTINGHAM, UK — Johnson Matthey is working with software firm Ideagen to enhance business improvement across its global oil and gas operations.

Enlighten, Ideagen’s cloud-based GRC software product, will be implemented by Johnson Matthey, replacing a legacy system.

Ideagen Enlighten will allow Johnson Matthey to efficiently measure objectives and KPIs across the business as well as manage all aspects of non-conformances and internal auditing. The software will also ensure a smooth transition to the latest version of the ISO 9001 standard.

Gavin Chatto, quality officer at Johnson Matthey, said, "We are excited to be working with Ideagen and its Enlighten product which will allow us to better measure key performance indicators across the business.

"With our current system, it is difficult to generate metrics that allow us to assess our performance as a business and also provide us with targets for overall business improvement. In adopting Ideagen Enlighten, it provides us with software which is simple to configure and electronically mirrors the way we work. The look and feel of the system is also key to encouraging user engagement, and in this respect we found Enlighten to be head and shoulders above the competition.

"We will be using the system for all aspects of non-conformance reporting and subsequent corrective and preventive actions. The features of the system make it is easier for our staff to analyse performance data and continually improve as a business. We have a large audit program and, as we perform around 50 per year, Enlighten will play a key role in electronically scheduling, reporting and action tracking. This will create greater efficiency within the team and bring a clear benefit to the business."

Achieving compliance with the latest version of ISO 9001, ISO 9001:2015, is an important milestone for Johnson Matthey.

Chatto added, “Our goal is to drive technical innovation to bring significant benefits to our customers. With the new ISO 9001 standard, there is increased focus on measuring objectives for which Enlighten will be an important tool in helping us to achieve those objectives and ultimately benefit our customers.

"Ideagen’s Enlighten fits the bill both technically and from a user experience perspective. We are excited to commence implementation and roll-out across our global operations."

[rivaldo] 21/9/2016 07:36

New work with Thatchers Cider:



"Ideagen work with Thatchers Cider to reach new standards of quality management
20 September 2016

Thatchers Cider, the fourth generation cider maker, is to work with Ideagen to take the management of quality within its production areas to new levels.

Thatchers, which is based in Sandford, Somerset, and distributes its ciders to both the on and off trades throughout the UK, prides itself in producing the highest quality cider.

It is now looking to enhance its quality system with a new tool to link disparate areas of quality management within the business, making it easier for staff and auditors to access the right information at the right time.

The cider maker will implement Q-Pulse, Ideagen’s leading quality management software used by over 2,500 organisations globally, using the software to form the basis of its quality management system. With Q-Pulse, Thatchers will electronically manage its suppliers, assets and document control and will use the software to help with its crucial BRC Food Safety certification and other compliance needs.

etc"

[rivaldo] 16/9/2016 11:26

More good news:



"Neem Biotech rolls out Ideagen Enlighten to modernise its Quality Management System
15 September 2016

Neem Biotech, a biotechnology company in the life sciences arena, is working with software firm Ideagen to modernise its Quality Management System following a period of significant growth in the business.

As part of the Zaluvida Holdings group of companies, Neem’s business revolves around exploring natural molecules with biological activity and developing these into health and wellness solutions that address some of the big healthcare related challenges in today’s society.

Based in South Wales, Neem will adopt Ideagen Enlighten, Ideagen's cloud based governance, risk and compliance software, to help the organisation move from its traditional paper-based methods.

As well as modernising the management of quality, Enlighten will also ease Neem’s compliance efforts by electronically mirroring quality processes to make it easier to meet the demands of ISO 9001 and GMP+ FSA certification.

etc"

[rivaldo] 14/9/2016 15:37

High profile new contract win for KLM:



"Ideagen wins KLM contract
14th Sep 2016 

Derbyshire software supplier Ideagen has been hired by Dutch airline KLM to provide enhanced safety and quality management systems.

KLM Royal Dutch Airlines, based at Amsterdam’s Schiphol Airport, will use the Ideagen Q-Pulse safety management software in its operations, which include KLM Cityhopper and KLM Engineering & Maintenance.

David Hornsby, chief executive of Ideagen, said: "In working with KLM, Ideagen and Q-Pulse will be helping one of the world’s leading airlines increase operational intelligence, drive efficiency and enhance safety and compliance levels."

Ideagen supplies similar products to the likes of Brussels Airlines, Emirates, Boeing and Airbus.

Eric Hoogendijk, vice president of safety and compliance at KLM, added: "We have great trust that Ideagen, with their solid aviation safety business knowledge, will help us to successfully introduce Q-Pulse at KLM.""

[themachine99] 10/9/2016 10:17

I think the point is also access to lower cost development resource in Bulgaria as the company looks to scale its operation