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IDEA Ideagen Plc

349.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ideagen Plc LSE:IDEA London Ordinary Share GB00B0CM0C50 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 349.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ideagen Share Discussion Threads

Showing 1576 to 1598 of 1825 messages
Chat Pages: 73  72  71  70  69  68  67  66  65  64  63  62  Older
DateSubjectAuthorDiscuss
14/5/2019
11:22
Nice review from the respected Techmarketview - note the 74% recurring income target:



"Tuesday 14 May 2019
Ideagen to make it ten in a row

Acquisitive AIM-listed risk management software specialist Ideagen PLC expects that its performance for the year to 30 April 2019 be marginally ahead of market expectations. This will represent the Group's tenth consecutive year of revenue and profit improvement.

The company’s latest trading for FY19 update anticipates that turnover will be up 29% yoy at approximately £46.7million and adjusted EBITDA up 30% at around £14.3 million. Underlying organic growth should hit 8%, maintaining the pace set in H1 (see here). Ideagen, which focuses on regulated industries, primarily transport, banking and finance, life sciences, healthcare and advanced manufacturing, reports that demand was once again robust across all key verticals last year.

The company also continued the transition from a perpetual licence to a SaaS based subscription model. The Annual Recurring Revenue (ARR) book at 30 April 2019 was up 44% at approximately £36.4 million. This was driven in part by the three acquisitions made by Ideagen in FY19. These were audit management specialist Morgan Kai, quality inspection software supplier InspectionXpert and environmental health, safety and quality platform provider Scannell Solutions. Management now expects to generate 74% of revenues from recurring contracts by the end of 2020.

Looking ahead, Ideagen Chief Executive, Ben Dorks believes that the company’s increasing base of recurring revenues, strong pipeline of business opportunities from new logos and expanding customer base bodes well for the rest 2019 and beyond. An eleventh consecutive year of top and bottom line growth would seem to be very much on the cards. Ideagen will publish its full year results on or around 17 July 2019."

rivaldo
14/5/2019
08:38
Solid results, very nice. One point of caution is that adjusted EBITDA is +30% but they had a big placing in Sept so after that dilution adjusted EPS might only show a +20% increase to around 5.2p, giving them a current PER of 25-26 area. Recurring revenues are jumping but on that multiple and with organic growth of just 8%, I don't think that gives the shares a ton of short-term upside potential. If you look a year forward and guess adjusted EPS of +25% to 6.5 that could maybe justify a 160p ish share price but the stock will need some further news on acquisitions to get there. So my view is solid results, a touch light on organic growth and as always watch the valuation. The shares have been pretty weak for the last month and are flat over 6 months which suggests to me they are up with events. I was hoping for a little more on the revenues/ebitda growth side and given I am very heavy in the shares I will definitely trim my holding at the 150 area if we see that again soon.
leavers
14/5/2019
08:30
Finncap retain their 180p target price and will review their forecasts after the results.
rivaldo
14/5/2019
07:04
Very comforted by that one, happy daze :-)
cwa1
14/5/2019
06:59
WOW …..... Recurring Revenue up by 44%, that's a hell of a percentage jump. just shows how needed, and how good the products are.
igoe104
14/5/2019
06:18
Terrific year end statement - ahead of expectations once again. This is a company which consistently delivers.

And recurring revenues are now up to £36.4m, against total turnover of £46.7m. That's around 78% and rising.

Plus excellent cash generation, which may lead to more earnings-enhancing acquisitions.

Lovely stuff.

rivaldo
13/5/2019
19:47
ideagen announced today that it is working with Canada’s largest regional airline, Jazz Aviation, on a project that will enhance mobile reporting and risk management across the carrier’s operations.
Jazz – the largest regional partner to Air Canada, Canada’s flagship airline – will implement Ideagen’s Coruson software as it looks to further strengthen its safety culture through enhanced safety reporting and analysis.
Captain Robert Palmer, Jazz Aviation’s Vice President for Safety, Quality and Environment, said: “The goal of this project is to enhance safety performance through proven risk management techniques as well as ensuring risk mitigations to address the root cause of the issues. We are pleased to be working with Ideagen in advancing safety management at Jazz with the implementation of Coruson.”
Coruson will become Jazz’s risk management and reporting system allowing airline management to assess risks and mitigate issues before they become safety events.
“Mobile reporting through Coruson will be a significant benefit for our front-line employees. Through this project with Ideagen, we anticipate building on our strong safety culture and believe that mobile reporting will further engage our employees in reporting overall. The simplicity of the Coruson system, ease of access and streamlined reporting, will undoubtedly result in more reports and more safety data,” stated, Captain Palmer.
Steven Cespedes, Ideagen’s Head of Aviation, said: “We are delighted and excited to be working with such an ambitious organisation in the form of Jazz Aviation.
“Our Coruson software is used by some of the largest aviation organisations in the world and we are pleased that such a risk aware airline with an already strong safety culture has chosen to use our software to enhance its safety and risk management processes.”
Ross McLarnon, Product Manager for Ideagen’s Coruson, added: “This is an exciting time for our Coruson software as we continue to see strong demand across the aviation industry.
“We are delighted to be able to add Jazz Aviation – such an ambitious and highly regarded airline particularly across North America – to our ever growing list of aviation clients.
“I am personally looking forward to working with the team at Jazz Aviation and look forward to them providing valuable insights into the use and future development of our Coruson software.”

igoe104
10/5/2019
12:02
Been adding a few at these prices.
wanttowin
08/5/2019
05:54
Yep thanks for info from everyone. I’m approaching my 6 year anniversary as a shareholder...I wonder if we’ll all be here in 10 years time!

Should be getting a trading update any time now. I think last year was on 8th May.

leavers
03/5/2019
13:21
Thanks for finding all this information Rivaldo - much appreciated
welsheagle
03/5/2019
12:52
Panmure have initiated coverage today with a Buy and a 165p target:



"Panmure also put “buy” ratings on software makers Ideagen....with price target of 165p"



"Ideagen rated new buy at Panmure Gordon; PT 1.65 Pounds"

rivaldo
03/5/2019
12:24
The above is part of a global expansion to double IDEA's size:



"Ideagen turns Scots facility into centre of excellence
Terry Murden, Editor | May 3, 2019

Ideagen is to turn its East Kilbride site into a ‘Centre of Excellence’ as it looks to strengthen its position in the multi-billion dollar governance, risk and compliance (GRC) software market.

The Lanarkshire facility is part of the company’s global Centre of Excellence strategy, which will see the centralisation of business functions at key sites and 124 jobs created globally, including 42 in the UK and 12 in East Kilbride.

The ambitious project will see its site at the Scottish Enterprise Technology Park focus on customer support, marketing, legal, products and service delivery. The site will also house elements of technical services, sales and IT.

Ben Dorks, chief executive, said: “In the last decade, we have more than quadrupled our workforce and client base and grown globally with new offices in the US, UAE, SE Asia and mainland Europe.

“As part of our ongoing business growth strategy, we are creating four strategic ‘Centres of Excellence’ (CoE) which will centralise important business functions at key sites across the globe."

“The introduction of our Centres of Excellence is the next phase of our growth plan and will centralise key areas of the business to allow us to double in size globally over the next three years. Through a focussed expansion from Asia to the US, it will allow us to truly serve our expanding client base of over 5,000 organisations globally.”

etc"

rivaldo
02/5/2019
13:34
Interesting write-up.


Five UK tech firms to invest in Malaysia.

igoe104
30/4/2019
10:45
Thanks for the write-up GHF. Not held quite as long as you (not many have!), but still a multi-bagger for me and likely a long-term hold unless anything changes.
rivaldo
29/4/2019
17:01
Chart shows an interesting level with support at $1.40 but good support at £1.20, interesting to see if the £1.40 level holds when tested...
halfpenny
28/4/2019
10:09
This in my eyes this a guaranteed winner, (because of Legislation etc) you can only see these turning into a billion cap giant over the next ten years, so these are a strong hold for me.

GREAT write up GHF, looking forward to your write-ups on APC, and Kape……

igoe104
28/4/2019
08:31
Nice write up Gordon. I entered IDEA after listening to David and Ben at Mello in Derby last year and it is now a core holding for me too. GLAH
melody9999
28/4/2019
07:06
I’m currently writing a brief synopsis on each of my holdings...& IDEA remains one of the cornerstones of it. Not sure if the earnings table can be transferred over so here’s the link



SPRING PORTFOLIO 2019 WRITE-UPS

(1) IDEA (IDEAGEN PLC) - Mr Dependable

* Share Price 147p
* M/Cap £323m
* Enterprise Value £324m
* Shares in Issue 219.8m
* Stock Rank 41 (Quality 67 / Value 4)

Similar to my previous updates, Ideagen is now a 14x bagger for me in my 9-years invested & unsurprisingly remains a cornerstone of my portfolio.

They provide Integrate Risk Management (IRM) software & services to organisations operating in highly regulated industries. We are talking industry sectors across the globe from aviation and healthcare to banking & finance. It has a global presence & a customer base that includes many of the world’s blue-chip companies. Over 4,700 organisations use Ideagen's products including 7 of the top 10 UK accounting firms, ALL of the top aerospace & defence companies AND 75% of the world's leading pharmaceutical companies.

Importantly they have a fantastic customer retention rate which has been circa. 95% for as long as I can remember.

In terms of the numbers, they released positive H1 results in Jan 2019 & highlighted continued strong growth with recurring revs rising to 67% which provides increased visibility on earnings. SaaS revenues grew at +80% & now comprise 26% of overall revenues. This is a v important metric to watch as it de-risks forecasts & reliance of one-off software licence revenues.

Ideagen has delivered 8 years of unbroken double-digit EPS growth. Worth pointing out that the growth in EPS is forecast at only +15% in FY19 simply due to a £20m placing in Sept 2018 (142p) & the subsequent timing of acquisitions.

Yr end April Revenue Adj PBT Adj EPS

2010 £1.0m £0.2m 0.6p
2011 £2.3m £0.5m (+150%) 0.9p (+50%)
2012 £4.0m £1.0m (+100%) 1.26p (+40%)
2013 £6.5m £1.9m (+90%) 1.55p (+33%)
2014 £9.0m £2.6m (+37%) 1.7p (+12%)
2015 £14.4m £3.6m (+38%) 2.1p (+27%)
2016 £21.9m £5.7m (+58%) 2.7p (+26%)
2017 £27.1m £6.9m (+22%) 3.2p (+19%)
2018 £36.1m £9.7m (+40%) 4.2p (+32%)
2019e £46.5m £12.1m (+25%) 4.8p (+15%)

I met the team early in 2019 at their H1 FY19 presentation & came away v impressed. In his first year as CEO, Ben Dorks has done an excellent job, with a superb grip on operational performance. This builds on the excellent development of the company under David Hornsby & I believe they are in very capable hands. By FY22 IDEA are targeting £100m revenue at 30% EBITDA margin with 74% of revenue recurring.

finnCap have a 180p price target which is +22% from the current price. While this may appear a touch rich at a first glance, I’d suggest that it’s warranted as they’ve delivered in spades in the last 9-years; operate in a risk management market growing at +13% per annum; have fantastic client retention; strong recurring revenues & an offering that has increased enormously in breadth & depth via 16 x acquisitions that have delivered an enviable product set across multiple industries throughout the globe.

Yes, Ideagen is my number 1, my GOALIE in the portfolio team & a company I believe my Mr DEPENDABLE. I’m sure it will remain a core holding for some time to come 😁

Kind regards,
GHF

glasshalfull
26/4/2019
06:24
This sounds like a good contract win across global operations:



"Ideagen secures software project with Canadian global aviation services firm
25th April 2019

Ideagen, the Nottingham-based global software firm, is to supply a Canada-based global aviation services company with software for safety, environment and quality management.

The Inland Group of Companies – comprised of Inland Technologies, Integrated De-Icing Services (IDS) and Quantem Aviation Services (QAS) – will implement Ideagen’s Coruson software across its growing operations in Canada, USA and Europe.

Coruson will be used as part of the Group’s strategy to standardise, streamline and continuously enhance several areas of its safety, environmental and quality management systems, including;

Health and Safety, Environmental and Quality Auditing and Assurance
Health and Safety and Environmental Reporting and Investigation
Proactive Risk Management
Process and Document Change Management
Safety, Environmental and Quality Performance Monitoring via dashboards and KPI/SPIs

etc"

rivaldo
24/4/2019
08:49
New contract win with Joramco (and news of an enhanced version of Q-Pulse being launched later this year):



Extracts:

"Safety Management Software Can Save Time And Mistakes
Paper or non-integrated digital systems increasingly pressured by tougher requirements.

Henry Canaday | Apr 19, 2019

Safety and regulatory demands are only going to get tougher, and managing them will require stronger systems. To help with some of these demands, Joramco contracted Ideagen to use the company’s Q-Pulse software to improve both quality and safety. The Jordanian MRO thus joined aircraft maintenance companies or units at Lufthansa Technik, Vector Aerospace, Cobham and BAE Systems, plus many non-aircraft companies, as Q-Pulse users.....

.....Ideagen expects safety and regulatory burdens will increase in the future due to fleet expansion, more regulations, more audits, more data sharing and analysis and the shift to performance-based regulation. So the company is now launching an enhanced application, Q-Pulse 7. ”We are in the middle of a beta program at the moment with some selected organizations, with the view of release this year,” O’Brien says."

rivaldo
02/4/2019
06:27
New contract win:



"Leading helicopter firm joins forces with Ideagen to enhance safety
Monday, April 1, 2019

PHI International will implement Coruson across its international business

A leading global helicopter operator is teaming up with Ideagen to deliver real-time risk management tools that will lift the bar on helicopter safety.

PHI International, formerly HNZ, the international operating division of PHI Inc, is partnering with Ideagen to implement Ideagen's Coruson software across PHI’s international business.

Coruson is an enterprise cloud-based system that enables real-time control, visibility and reporting of risks. By deploying Coruson, PHI International will extensively enhance its safety, risk and compliance oversight. The project also sees PHI International become the first in the helicopter industry to combine comprehensive bow-tie risk models with aspects of safety reporting and auditing......

....“More than 5,000 organisations use Ideagen’s products, including seven of the top 10 UK accounting firms, all of the top aerospace and defence companies along with 75% of the world's leading pharmaceutical firms, so we look forward to a close and successful future together with PHI International.”

rivaldo
29/3/2019
09:47
Good to see the new LTIP director options only vesting upon achieving first 196p and then 259p share prices:
rivaldo
20/3/2019
07:14
IDEA are looking to double in size in the next 3 years, and are creating another 30 jobs......



"Thirty new jobs up for grabs at Nottingham software firm Ideagen

The decision is part of it's project to become a 'destination employer'

A Nottingham-based global software firm is creating 30 jobs at its Ruddington offices.

Ideagen is a UK-headquartered, global technology company that provides software and services to organisations within highly regulated industries such as banking and healthcare.

The firm, based in Ruddington Fields Business Park is now in the first phase of its ‘destination employer’ project, and is creating 30 new jobs locally.

The recruitment drive will see the creation of 14 software development roles, along with 10 internal sales, three customer success and three technical content roles.

CEO Ben Dorks said: “As we prepare to record our tenth successive year of growth it is crucial that we continue to invest in the business.

“One of our key strategic goals as a company is to become a ‘destination employer’ across the globe and these roles are absolutely crucial in helping us to achieve that."

Mr Dorks explained that becoming a 'destination employer' means they hope people would be drawn to working there as the company continues to grow.

He added: “Ideagen is evolving into one of the largest software companies operating in the governance, risk and compliance (GRC) space.

"As we secure more complex and technically challenging projects, it is imperative that we continue to invest in the business and in our people.”
There will be jobs available across software development, internal sales, customer success and technical content.

Mr Dorks said the new staff would be joining Ideagen at a time when the company is set to double in size, both organically and through acquisition, over the next three years.

He said: "At Ideagen, people can grow, develop, have fun and in return for hard work, people are valued and are provided with new experiences, and challenges.

"We value people who want a challenge and are prepared to work with our global teams and work towards success."

Mr Dorks said 80 percent of their staff go on training courses every three months.

The recruitment drive is part of Ideagen’s global growth strategy as it looks to create 100 jobs across four Centres of Excellence in Nottingham, Glasgow, Kuala Lumpur and North Carolina.

Globally, the company now has more than 500 staff across its operations in the UK, Europe, US, SE Asia and UAE.

It’s Nottingham HQ is a 200 capacity facility which is set to become a Centre of Excellence for the company’s Research & Development, Sales, HR & People and Accounts functions.

Mr Dorks added: “By touching key operational functions within our Nottingham Centre of Excellence – from sales and development to technical and customer services – it will ensure we are well equipped, both in workforce and skillset, to successfully meet the demands of our customers across the ever-changing industries we operate in.”

rivaldo
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