Ideagen Share Discussion Threads

[petewy] 24/1/2017 08:22

agreed Riv

[rivaldo] 24/1/2017 08:14

A rather buoyant set of interim results today:



Recurring revenues are up nicely:

"Recurring revenues represent 56% (2015: 53%) of overall revenues and are equivalent to 90% (2015: 87%) of fixed operating costs"

More acquisitions look likely:

"All three acquisitions enhance the Group's business platform. The Board continues to pursue acquisition opportunities in line with its stated strategy of acquiring complementary businesses that have strong IP and significant recurring revenues."

And lots of confidence going forward:

"David Hornsby, CEO of Ideagen, commented: "We are delighted to report on another strong performance from the Group across all of our vertical markets during the first half of the year.

As well as recording significant organic growth and a further increase in revenues, the Group has successfully acquired and integrated two companies in the period which marks a return to our strategy of acquiring businesses with strong IP and recurring revenues. In addition, we have achieved strong momentum within our SaaS based business which has helped increase recurring revenues and supports the Group's medium term strategy to transition from a predominantly perpetual to a predominantly SaaS based licence model.

Current trading is robust and remains in line with both market and management expectations. As such, long term prospects for the Group remain positive and we are confident in the outlook for the rest of the year." "

[rivaldo] 17/1/2017 09:21

Cheers Welsheagle.

Interesting new article from IDEA about how they can help with food provenance:

[welsheagle] 13/1/2017 11:58

Rivaldo,
Here is January's Techinvest article:-
'Ideagen has been a strong performer since we made the shares a new buy at 16.5p in September 2012. News flow has been encouraging over the last few months, with strong trading reported for the first half to October 31, and new contracts confirmed in November worth £1.2m in total. The company is also benefitting from the acquisition of cloud-based software provider Covalent in August. The acquisition has been successfully integrated and is expected to make a significant contribution in the second half. A further acquisition, IPS Solutions was announced this month. Broker Finncap is forecasting earnings per share of 3.2p for the current year, rising to 3.9p in 2018. The broker has a target price of 78p.

[rivaldo] 11/1/2017 14:13

News:



"Ideagen & BDO produce thought leading white paper on corporate compliance & oversight
09 January 2017"

"BDO, the global accountancy organisation, has teamed up with software firm Ideagen to produce an industry leading white paper on achieving effective corporate compliance and oversight (CCO)."

Conclusion:

"“Many standards and regulations are moving to a risk-based model. For example, more than a million companies around the world comply with ISO 9001 and the new 2015 edition encourages them all to adopt a risk-based approach to operational management.

“Currently, many organisations are seeking the operational efficiency benefits of adopting a risk-based approach to performance and strategy management. Ideagen and BDO recommend that organisations take a risk-based approach to the management of strategy and operating performance in order to become more effective in achieving their goals.”

[cheshire man] 10/1/2017 15:09

All that tipping seems to have reached a few, nice move up :-)

[rivaldo] 10/1/2017 12:32

Cheers Welsheagle. Any useful info from the tip welcome :o))

New highs now.

[welsheagle] 10/1/2017 10:28

Yes it was, Rivaldo

[rivaldo] 09/1/2017 14:12

Decent trading today - was IDEA one of Techinvest's nap tips for this year on the weekend?

[rivaldo] 09/1/2017 11:38

News today - good to see IDEA linking with the likes of BDO:



"Ideagen & BDO produce thought leading white paper on corporate compliance & oversight
09 January 2017

BDO, the global accountancy organisation, has teamed up with software firm Ideagen to produce an industry leading white paper on achieving effective corporate compliance and oversight (CCO).

The report – entitled ‘The Golden Thread: Achieve Sustainable Competitive Advantage via Risk-Based Compliance and Oversight’ – highlights the importance of collaboration between an organisation’s board, management and internal audit teams in managing corporate risk.

BDO’s Risk Advisory Services and Ideagen work with a broad range of organisations across a variety of industries to help them implement effective risk management and CCO strategies, systems and processes.....

....“Many standards and regulations are moving to a risk-based model. For example, more than a million companies around the world comply with ISO 9001 and the new 2015 edition encourages them all to adopt a risk-based approach to operational management.

“Currently, many organisations are seeking the operational efficiency benefits of adopting a risk-based approach to performance and strategy management. Ideagen and BDO recommend that organisations take a risk-based approach to the management of strategy and operating performance in order to become more effective in achieving their goals.”"

[painter] 06/1/2017 05:59

History repeats (see post 652)

1/10/2016 54.50p 29/12/2016 69.25p +27%

[petewy] 03/1/2017 14:30

Thnks PJ 1

[rivaldo] 29/12/2016 14:00

Cheers PJ1, that's a good read.

[pj 1] 29/12/2016 11:26

Here you go Rivaldo, I think a week is safe enough time to leave before posting to be fair to other subscribers.

Ideagen (IDEA:AIM)

Share price: 64.25p

Market cap: £117m

EPS Apr 2017: 3.2

PE Apr 2017: 20

Dividend Apr 2017: 0.2p

Dividend yield: 0.3%

Source: Shares, FinnCap

Life sciences 3

There’s a net of rules, regulations and red tape tightening over many industries. Little UK software supplier Ideagen (IDEA:AIM) has a wide range of off-the-shelf specialised software tools smack bang in this, albeit unglamorous, sweet spot.

The Midlands-based company concentrates on what it calls the governance, risk and compliance (GRC) space, providing information management solutions to highly regulated industries.

Target markets include healthcare, complex manufacturing, banking/finance, defence and energy.

Ideagen supplies an integrated system that combines information from multiple operational sources on top of the typical internal audit and compliance functions.

This provides clients with a detailed overview of corporate risk, controls and consequence mitigation analysis.

That’s an increasingly compelling sale once an organisation begins to grasp the significant financial and reputational damage potential of not having adequate systems in place.

Cover IDEAGEN 221216

Loyal fans

We’ve been fans of the company since it gravitated to AIM from the old Plus Markets in 2012, first flagging the investment opportunity at 16p in August that year.

The company hasn’t put a foot wrong ever since; adding carefully vetted bolt-on acquisitions to its underlying progress. Three acquisitions have been made since summer 2016 alone, being Covalent, Logen and IPI Solutions.

Full year results to 30 April 2016 revealed a 52% revenue jump to £21.9 million including respectable 10% organic growth. That led to a 57% leap in adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) to £6.3 million and improved operating cash conversion metrics.

Shareholders should feel rightly chuffed about a 96% client renewals hit rate and 100 new customers won during that year.

Ideagen also won its biggest single contract ever, worth £4.9 million. We believe the scale of new business is also improving.

Healthy and wealthy

A trading update in November implies the business is still in excellent health. We’ll find out more when half year results are published in January.

FinnCap forecasts pre-tax profit rising by 21% to £6.9m for the full year to April 2017 – and then advancing to £8.4m a year later.

It is also worth noting that Ideagen could potentially benefit from Brexit as that will increase red tape. Companies will need to comply with existing EU and international standards as well as the potential for the implementation of UK standards. (SF)

[rivaldo] 29/12/2016 10:57

Multibagger, got any details of the tip - do they have anything interesting to say?

[multibagger] 24/12/2016 13:47

That's right Rivaldo - IDEA tipped in Shares Mag

[rivaldo] 22/12/2016 13:21

Apparently IDEA has been tipped by Shares Magazine today as one of their 10 nap tips for 2017 (along with IAE and CAPD which I also hold).

[multibagger] 21/12/2016 08:28

Looks very strong and rapidly gaining momentum ! I averaged up again @ 70p :)

.........but still not showing up ! (it's come up on ISDX )

[pj 1] 20/12/2016 16:53

Up 28% in 17 working days. Very un-IDEA like!

[rivaldo] 20/12/2016 15:30

Indeed - new highs again now....

[cheshire man] 19/12/2016 09:11

Yes thanks for posting rivaldo all looking well to end the year :-)

[glasshalfull] 19/12/2016 09:09

Appreciate the updates Rivaldo. IDEA generating fantastic momentum.

Regards
GHF

[rivaldo] 19/12/2016 07:19

Sizeable new contract win:



"Ideagen secure six figure, five year contract with Air Transat
16 December 2016

Air Transat , the Canadian leisure airline, is to work with software firm Ideagen in a six-figure, five-year contract to enhance aviation safety reporting across its operations.

Ideagen Enlighten, Ideagen’s cloud-based software, will be rolled out across Air Transat, strengthening its safety culture and increasing efficiency for staff, particularly safety investigators.

Enlighten will allow Air Transat’s safety investigation and senior management teams to analyse safety data in real time, helping the airline to react quicker to potential hazards and mitigate risks....

.....“Ideagen Enlighten will also allow us to deploy the system to sub-contractors such as Ground Operations at different airports. Those safety reports from Ground Ops – and other services as well – will feed into our system directly to increase our safety and risk knowledge.

“I believe Ideagen Enlighten will take us to the forefront of safety reporting.”

Based in Montreal, Quebec, Air Transat operates scheduled and charter flights and serves 63 destinations in 30 countries. The organisation has over 2,000 employees and has a fleet of 30 aircraft including Airbus A310-300s, A330-200s and A330-300s as well as 7 Boeing 737-800s.

Ideagen is a global leader in developing information management software and providing supporting services to organisations operating in some of the most highly regulated industries in the world.

It currently has a global customer base of over 2,500 organisations, including more than 300 airlines, and counts Boeing, Emirates, Thomas Cook and KLM amongst its client list."

[rivaldo] 16/12/2016 09:08

Good news - IDEA have won a place on a new £800 million-£1.3 billion healthcare framework:



"Ideagen successfully secures place on Clinical and Digital Information Systems (CDIS) framework
15 December 2016

Ideagen is pleased to announce it has successfully achieved entry onto a new Clinical and Digital Information Systems framework (CDIS).

The CDIS framework lists providers of electronic patient records, hosting, portals, mobile working and other digital solutions in a central register of organisations providing software and services to the healthcare industry.

As part of CDIS, Ideagen will be able to list its Ideagen Clinical Portal, Ideagen QScan and Ideagen KW software solutions as part of an overriding electronic document management solution.

Paul Jackson, Senior Product Manager of Healthcare Solutions at Ideagen, said: “We are absolutely delighted to achieve our place on the CDIS framework.

“Recognition as an industry leader of quality, clinical and content solutions providers through frameworks such as CDIS really is testament to the strength of our people, products and services.”

Ideagen provides information management software and services to healthcare organisations including over 80% of the NHS. As well as Ideagen Clinical Portal, Ideagen QScan and Ideagen KW it’s suite of software includes quality, clinical and content management products such as Ideagen Q-Pulse, Ideagen PatientFirst, Ideagen OCM and Ideagen EDM.

An operational partnership with Restore, one of the leading providers of document scanning, storage and secure shredding, will offer healthcare organisations an enhanced level of information management.

The CDIS framework will provide mental health NHS trusts, acute NHS trusts, GPs, Clinical Commissioning Groups, social care bodies in Local Government, charitable organisations and private sector healthcare providers with access to a highly flexible suite of software applications, bringing together key clinical and administrative data in one place.

The framework, valued between £800 million and £1.3billion and involving 38 NHS Trusts, will support health care providers as they follow the National Information Board strategy of Digital Health by 2020.

Mr Jackson concluded: “We look forward to continuing to work closely with the healthcare industry and playing an active part in the CDIS framework to help organisations with their Digital Health 2020 requirements.”