Ideagen Share Discussion Threads

[eeza] 28/4/2017 13:06

Just need to get rid of the seller !

[cheshire man] 28/4/2017 13:03

Yee jimbobaroony,,,,,,all good stuff :-)

[jimbobaroony] 28/4/2017 12:48

That's 7 new contracts in 1 month

[rivaldo] 28/4/2017 12:34

PI, I think some reading is required :o))

[panic investor] 28/4/2017 12:28

Is that the first airline ?

[rivaldo] 28/4/2017 12:18

The news flow from this company is ridiculous - now we have Ryanair on board...(EDIT - jimbo, beat me to it!):



"Ryanair adopts Ideagen Coruson as new safety and security management system
28 April 2017

Ryanair is Europe's number one airline, carrying 130 million customers per year on more than 1,800 flights

Ryanair, Europe’s No 1 airline, has implemented a new safety and security management system developed by software firm Ideagen.

Ideagen Coruson, a cloud-based software product, has been rolled out across Ryanair’s operations to further enhance their safety reporting and risk identification processes and to assist the airline in managing regulatory compliance.

etc"

[jimbobaroony] 28/4/2017 12:16

New Contract with Ryanair

"“We are delighted to have won this significant contract with Ryanair which will see Ideagen provide an electronic safety and security management system, Ideagen Coruson."

[eeza] 26/4/2017 14:51

Bit of supply at ~89.5p. Offer slowly dropping.

[rivaldo] 26/4/2017 14:29

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.

[themachine99] 26/4/2017 09:56

Apologies that is a PE of just over 23, a justified mild premium to the sector

[themachine99] 26/4/2017 09:07

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.

[jimbobaroony] 25/4/2017 14:58

OK, PJ/Riv, do you have a target price in mind?

[jimbobaroony] 25/4/2017 14:22

I'll get back in my box

[pj 1] 25/4/2017 14:07

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

[pj 1] 25/4/2017 14:01

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?

[panic investor] 25/4/2017 13:57

if this had a PE of 120 you wouldn't see me here for a starters !

[jimbobaroony] 25/4/2017 13:56

Riv, noted. Cheers.

[rivaldo] 25/4/2017 13:52

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.

[jimbobaroony] 25/4/2017 13:41

Riv, the PE was from advn finance section and also another site, lse I think.

[rivaldo] 25/4/2017 12:08

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))

[jimbobaroony] 25/4/2017 11:24

Another day. Another contract signed

hxxps://www.ideagen.com/company/news/gb-railfreight-choose-coruson-for-safety-compliance-growth/

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!

[multibagger] 24/4/2017 07:36

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 :)

[rivaldo] 24/4/2017 07:26

...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.”

[cheshire man] 21/4/2017 12:41

All good stuff rivaldo,,,,,,:-)