Ideagen Share Discussion Threads

[cheshire man] 29/1/2018 08:54

Well it's highlighted the potential of IDEA to a few this morning by the looks of it :-)

[yump] 28/1/2018 13:11

Fair enough, factually then, the Mail did tip IDEA.

Without doing the analysis of how many shares the Mail tipped that have turned out well or badly, I'll pass on the 'look how clever we were' stuff, as its just encouraging bad science.

Perhaps they come back on all their tips in 3 years and feature all the ones that have tanked - I don't know, I don't take any notice of tips, except to bring to my attention shares that I may have never noticed. That's helpful, regardless of how the tip turns out.

[jimbobaroony] 28/1/2018 11:56

I read about IDEA in either the Shares Mag or IC years ago. They highlighted early stage companies that in many years could become the next SAGE. At that point they were on plus at about 7p. Wish I had been more bold and bought more back then but was a bit of a punt

[cheshire man] 28/1/2018 11:54

Well whatever one's view on newspaper tips is I'm always very pleased to see a positive write-up on a stock I'm long in :-)

[rivaldo] 28/1/2018 11:44

The article itself says the Mail first tipped IDEA when the share price was 33p. So it's more than tripled since then, which is hardly "featuring a share after its bolted".

Much share tipstering is indeed helping out mates, jumping on bandwagons etc. But not all. The Mail is due at least a little credit in this instance :o))

"Clever ideas like this have helped Ideagen to more than triple in size since Midas first recommended the firm in 2014. Then, shares were 33p, turnover was £9 million and profit was £2.6 million."

[yump] 28/1/2018 10:34

Typical journo stuff, featuring a share after its bolted.

Where were they all when GHF started this thread ?

Anyway I would like to thank GHF for posting the detail that first got me interested. No hype, no piggybacking.

Oh, and it included the rarely-featured-in-a-thread-start financials ;-)

[multibagger] 28/1/2018 09:43

...and in contrast, Shares was recommending a sell in the early 90s...

[cheshire man] 28/1/2018 08:48

Well spotted rivaldo,,,,Midas verdict,,,,,"a strong hold" those are my feelings too and intend to run this winner for some time to come :-))

[rivaldo] 28/1/2018 00:25

Tipped in the Mail on Sunday - should attract some interest this week....



"MIDAS SHARE TIPS UPDATE: Ideagen, the clever software firm that safeguards fighter jets, trains and hospitals, is flying high

By Joanne Hart, Financial Mail on Sunday

Published: 22:39, 27 January 2018 | Updated: 22:39, 27 January 2018

Broken fences can be a frustration for farmers, trying to keep livestock from straying. But they are a serious problem for the railways too, as wandering sheep or cattle substantially increase the risk of train derailment.

Nottingham-based software business Ideagen helps to reduce that risk with a neat little product that allows anyone working on the railways – from train drivers to station managers – to report incidents when they spot them.

Around 70,000 people employed in and around the UK rail network can log these incidents on mobile phones or laptops. The information is sent to a central site and handled accordingly.

Clever ideas like this have helped Ideagen to more than triple in size since Midas first recommended the firm in 2014. Then, shares were 33p, turnover was £9 million and profit was £2.6 million.

Today, the shares are 118½p and brokers expect turnover of £36 million and profit of £9.7 million for the year to this April.

Chief executive David Hornsby has transformed the business since taking up his post in 2009 and is highly optimistic about the future, confident that sales and profits can double over the next three years. If all goes according to plan, the shares should continue to deliver for investors.

The rail industry is a significant customer for Ideagen but the business works with clients in sectors from aerospace to food and drink to banking. In each case, the company’s software helps firms to manage risk, comply with regulations and improve the way employees work.

Airlines such as British Airways and Ryanair use Ideagen to enhance safety procedures, while BAE Systems uses Ideagen’s software to ensure Typhoon fighter jets are fit to fly.

Ideagen also works with 125 of the 165 NHS Acute Trusts, helping to digitalise their mountains of paperwork. Once, this was a lucrative contract but shortage of cash has slowed business down considerably, even though moving paperwork online would have a huge long-term effect on productivity.

To reduce his reliance on Britain, Hornsby is increasing Ideagen’s international presence so 70 per cent of new contracts come from outside the UK, primarily from the US but also Europe and Asia. The European Central Bank, for example, uses Ideagen software to help compile internal audits.

Interim results last week showed strong growth, with half-year profits to October 31 up 56 per cent to £4.1 million.

The dividend rose 15 per cent year-on-year to 0.078p and a full-year payout of 0.2p is pencilled in – a small figure as most of Ideagen’s spare cash is reinvested in the business.

Midas verdict: Ideagen has performed well over the past four years but the shares have further to go. At 118½p, the stock is a strong hold. New investors may also be tempted to grab a few shares."

[cheshire man] 26/1/2018 08:34

Another all time high this morning I see excellent way to end the week :-)

[igoe104] 26/1/2018 08:30

Looks like your on the money again rivaldo.

[rivaldo] 26/1/2018 07:37

New highs now, and good coverage in the local rag:



"Huge growth for Notts tech firm after winning clients including the US Navy

The company also makes software for the likes of British Airways, Heineken and Shell

The US Navy and Siemens were among the new clients for a Nottinghamshire software developer that expects to record its ninth year of successive growth.

In its unaudited interim results, Ideagen recorded revenue increases of 43 percent to £17.2m in the six months to October 31, 2017, after growing both organically and acquisitions.

Sales for its “software as a service” (SaaS) model – in which clients subscribe to its cloud-based programmes, which are managed by Ideagen’s team – have grown by 122 percent to £3.9m.

Recurring revenues increased by 60 percent to £10.8m – and now represent 63 percent of the total turnover – while new bookings also climbed by 78 percent to £6.1m after winning more subscribers.

etc"

[cheshire man] 24/1/2018 14:51

On our way to that 1.20 broker tp perhaps ?:-)

[jgoold] 24/1/2018 08:00

Good results and outlook. I've a full position or would be buying more.

[fizzypop] 23/1/2018 09:34

Dividend

The Board proposes to increase the interim dividend by 15% to 0.078 pence per share (2016: 0.068 pence per share) payable on 20th March 2018 to shareholders on the register on 2nd March 2018. The corresponding ex-dividend date is 1(st) March 2018.

[rivaldo] 23/1/2018 09:15

Finncap have increased their target price to 120p (from 108p):

[cheshire man] 23/1/2018 08:03

Excellent results :-)

[martinthebrave] 23/1/2018 07:47

Interims today look good IMO. "Current trading remains robust and in line with management expectations. The Board remain confident in the outlook for this year and beyond". FY Rev's likely to be beaten IMO. Rev's £17.2m -v- FY F'cast £34.9m. £15m 2nd Half in 2017 means only needed +20% in second half (43% growth 1st half). Recurring inc now 63%, Acquisitions likely.

[yump] 23/1/2018 07:43

Yes, another boring old update with the usual high growth ;-)

[jimbobaroony] 23/1/2018 07:41

Fantastic results which we have come to expect from IDEA. Nice 15% increase in dividend too!

[igoe104] 23/1/2018 07:35

EXCELLENT stuff I,m liking ·

Strong momentum in sales in the USA, Europe and Asia-Pacific Regions
· 112 new logo customer wins - 70% outside of the UK.


I expect a lot more deals aboard over the coming years.

[rivaldo] 23/1/2018 07:30

Agreed. Extremely impressive - loving the high recurring income at 63% of revenues, plus the increase in international sales.

Note also the CEO's comments about further acquisitions being likely and the long-term confidence in IDEA's markets:

"The Group continues to be committed to a 'buy and build' strategy and is in discussion with a number of potential acquisition targets which the Board believe would enhance the Group and support our ongoing growth strategy.

Current Trading & Outlook

The market for GRC management solutions remains fragmented and the drivers are long term and highly strategic. Trading continues to remain robust while a healthy pipeline reinforces confidence in our forecasts.

We have been aware of the economic and political conditions in the UK for some time and the Group has responded by developing a strong and growing presence in a number of global markets. Our success in winning new business together with our increasing levels of recurring revenue and repeat business from our 3,000 strong customer base, provides us with confidence in the future prospects of the Group."

[themachine99] 22/1/2018 12:46

The results were announced in late January last year