Ideagen Share Discussion Threads

[leavers] 18/10/2018 21:04

Fizzy pop, looks like you were right. Having been through my trades I managed to increase my shareholding by 7% and am now fully back in. It would have been more like 15% but I started selling to early in the low 140's just before the recent acquisition announcements (slightly unluckily). Ideagen has traded in a range for 3 years and I just reckon there is plenty of extra money to be made by trading that range by having a view on the valuation the business is trading at. Above 175 range (if it gets there quickly) its a sell again.

[rivaldo] 15/10/2018 13:31

News of a nice upgrade from a multinational which gives some idea of the regard in which IDEA are held:



"SGS uses Pentana Audit for their global internal audit operations
Monday, October 15, 2018

SGS adopted Pentana Audit software from Ideagen as it looks to enhance the corporate internal auditing of its business processes across 2,400 offices and laboratories globally. Being a Pentana customer for more than 10 years, SGS decided to upgrade to Pentana Audit to help its internal audit function of around 20 auditors to better and more efficiently manage audits, risks, controls and field work.

The company has a global presence and operates across various industries such as Agriculture and Food, Chemical, Construction, Consumer, Energy, Industrial, Life Sciences, Mining, Oil and Gas, Public Sector and Transportation....

.....The system provides data for all SGS offices. Different audit cycles and SGS business processes are placed into Pentana Audit, as well as last audit results, to automatically provide proposals for audit coverage and a complete risk and control visualisation. A global risk has been set up to rank all SGS operations. The system is used also to pull easily audit result data so they can be presented to SGS management and board.

etc"

[fizzypop] 09/10/2018 12:11

Do I detect a double bottom on the chart at circa 142p. Could wish for greater volume.

[fizzypop] 09/10/2018 07:07

Another £5k worth at 146p as a topup.

[fizzypop] 08/10/2018 15:53

Hi leavers. I went in at 153p for 17,000 shares so a little premature but already bounced back to 144p this afternoon. I am sure we will both be rewarded well. Good to hear from you.

[leavers] 08/10/2018 15:23

Fizzypop, I just bought back £45,000 of my position to add to those I bought around 150p recently to take it back to 80% ish of normal holding, having sold from 145p up to 170p. Time to be back in fully I suspect.

[melody9999] 08/10/2018 08:32

-- Ideagen announces keynote speaker for second day of US Customer Seminar

Globally respected internal audit expert, Margie Bastolla, will open the second day of ‘Ideagen Horizons’ in New York.

Ideagen, the global governance, risk and compliance (GRC) software firm, has announced the keynote speaker for the second day of its upcoming US customer seminar.

Margie Bastolla, an international speaker, trainer and internal auditing expert, will open day two of Ideagen’s flagship US seminar, Ideagen Horizons, in New York later this month.

As Principal of Margie Bastolla Facilitations, she provides customised training for audit departments who desire to write clear, impactful reports and streamline report-writing processes. Margie also teaches auditors how to communicate clearly and build supportive relationships with clients and colleagues.

She will entertain delegates on her career spanning more than 25 years across 40 countries, advising organisations such as the United Nations, the US military, and many private and public-sector firms on internal auditing best practices. Before starting her training company, Margie spent 20 years as an executive and director with The Institute of Internal Auditors, Inc.

She said: “I’m excited to speak at this event, where attendees and I will share stories on how to transform conflict into collaboration.”;

Mrs. Bastolla joins Shannon Miller, the seven-time Olympic medallist and the only female to be inducted into the US Olympic Hall of Fame, in speaking at the event.

Ideagen Horizons North America will take place at the DoubleTree by Hilton Hotel Metropolitan over two days between Tuesday, October 9th and Wednesday, October 10th.

The event is exclusively aimed at users of Ideagen’s Q-Pulse, PleaseReview and Pentana software for quality, safety, risk, audit and performance management.

Ideagen Horizons North America is now in its third year having previously been held in both Chicago and Orlando. The event has continued to grow in stature and size and this year will be held in New York for the first time.

hxxps://banking.einnews.com/pr_news/463947461/ideagen-announces-keynote-speaker-for-second-day-of-us-customer-seminar?ref=rss&ecode=ZlZcDvOeNoJSem17&utm_source=RSSNews&utm_medium=rss&utm_campaign=Anti-Money+Laundering+News&utm_content=article

[garbetklb] 05/10/2018 20:17

Hi Rivaldo

Sorry - my post wasn't clear. RNS 23/03/17 announcing the 2017 LTIP awarded Spenceley / Dorks / Kent 1,200,000 options each at 1p. At today's share price of circa 150p, that's circa £5.4m - yes, I accept that it wasn't worth that at the time of the award, but it's a lot of money - excessive, in my view.

I see your interpretation re your 3rd point; not sure I agree. Looking at the (presumably summary) of the LTIP conditions, in order for the full award to be made the share price has to exceed 136p for 30 consecutive business days - from a quick glance, I suspect that has been achieved just now. What happens if the price subsequently drops isn't spelt out in the 23/03/17 RNS. IF it says that the share price has to exceed 136p for THE 30 days prior to exercising the option, I reckon today's announcement could be in the "bird in the hand" category for 50% of the award.

Regardless, I'm not keen on such levels of remuneration, especially relative to profits. Others may be more relaxed, given growth etc. That's why we don't all buy the same shares!

Good luck to all holders.

[rivaldo] 05/10/2018 11:26

As regards Garbetklb's post, firstly a total of 1.8m shares have been issued, i.e at the current price around £2.7m (no idea where his £5.2m comes from).

Secondly, only one director fully sold their resulting shares. The other two have only sold 50% of their additional shares - enough only to cover costs and income tax payable (which would of course be taxed at the higher rate of 40%).

Thirdly, the early exercise of the LTIP shares - without a full resultant sale - is a GOOD sign. This is usually done because the people exercising wish to minimise their tax liability by exercising early rather than waiting, since they presumably believe that by waiting the share price will rise sufficiently such that they would have a much higher income tax liability.

[fizzypop] 05/10/2018 09:08

Up 2% and hopefully the start of the recovery from 152p.

[garbetklb] 05/10/2018 08:41

I don't hold IDEA, but it's a share I've had on my watch list. Until today.

The early exercise of the 2017 LTIP (which appeared pretty generous) looks like sheer greed.

One of my key filters is "Are management reasonably rewarded?" This looks like a reward to the 3 directors of about £5.2m from a company who declared a statutory profit of £1.5m........

My personal experience is that such executive greed results in an unhappy workplace - I prefer to invest in happy companies as I perceive them to perform better.

I'd love to be corrected if I've misunderstood......

[soundbuy] 04/10/2018 06:53

Had a nibble here yesterday too.......left here a while back.......

[gargleblaster] 03/10/2018 16:33

riv - unfortunately I have been in these for months rather than years - but hopefully am in for years to come!

[painter] 03/10/2018 15:44

My annual post here:

IDEA usually has a good run in the last 3 months of the year (1/10 to YE). Normally a TU mid November and in the past some contract wins announced ahead of Jan Interims.

My favorite XMAS bet (unless it came early this year)



History:

1/10/2013 22.375p 30/12/2013 28.125p +25%
1/10/2014 32.25p 31/12/2014 38.50p +19%
1/10/2015 47.00p 30/12/2015 53.00p +12%
1/10/2016 54.50p 29/12/2016 69.25p +27%
1/10/2017 81.00p 29/12/2017 99.00p +22%
1/10/2018 158.00p 31/12/2018 ????

[fizzypop] 03/10/2018 15:28

rivaldo: done just that and bought 17,000 shares @ 153p

[rivaldo] 03/10/2018 15:04

MMs suckering sellers to get some stock? A few sellers around on a quiet day? A bit of understandable profit-taking after the vertiginous rise? Who knows/ What we do know is there's no new news, so just take pleasure in the last few years' outperformance and relax :o))

[gargleblaster] 03/10/2018 13:53

why is this getting trashed today?

[rivaldo] 03/10/2018 07:37

Two holdings RNS's:

Livingbridge buy and go above 5% with 5.78% (12.55m shares):



And Canaccord also buy and go above 10% with 21.7m shares:

[rivaldo] 28/9/2018 10:22

Nice review on Techmarketview:



"Friday 28 September 2018
Morgan Kai: more audit management capability for Ideagen

The latest acquisition by Ideagen sees it increase its internal audit management capability with the £20.5m cash purchase of Morgan Kai. This was an area of the market Ideagen moved into with the purchase of Pantana in 2013 so the new asset has a home to move into.

It fits with Ideagen’s strategic goals of acquiring GRC companies with their own IP and rising recurring revenue. Morgan Kai (bases in Leeds and Chicago) also brings more international business as 77% of its customer base is outside the UK, where customers include the Federal Reserve, Investec, the New York Stock Exchange, Bombardier and Blue Cross Blue Shield; UK customers include the National Audit Office and Anglo Dutch Shell. As a provider to highly regulated vertical markets including public sector, banking and finance, engineering, healthcare and energy, it aligns with Ideagen’s focus on supplying information management to highly regulated sectors.

With 28 staff and a £5.3m revenue run rate, Morgan Kai is a relatively small but potentially profitable addition that is expected to add £2m additional EBITDA for the year to 30 April 2020. It has the makings of another useful addition to the Ideagen portfolio.

The overall goal of the company is to sustain the doubling of revenues and adjusted EBITDA every three years. Earlier this year it rejigged the management structure: former CEO, David Hornsby became Executive Chairman with a remit around strategy, M&A and Investor Relations, while Ben Dorks (former Chief Customer Officer) took Hornsby’s position as CEO to focus on operational performance, customer acquisition and retention, and product development. So far so good while the most recent full year saw the 9th year of consecutive growth."

[cheshire man] 28/9/2018 10:06

Ideagen Plc
‏

@Ideagen_Plc
30m30 minutes ago
More
Ideagen are excited to announce the acquisition of Morgan Kai Group Ltd, a leading Audit Management software provider to both public and private sector organisations

[cheshire man] 28/9/2018 07:59

You beat me to it rivaldo :-))

[rivaldo] 28/9/2018 07:58

Finncap raise their target price to 180p (from 167p)....

[multibagger] 28/9/2018 07:07

Liquidity appears tight on L2....but muted buying/trading so far.

Could be better than +4-5p today if this trend continues...

[cheshire man] 28/9/2018 07:03

Not putting a foot wrong,,,,,,,great news