Iomart Dividends - IOM

Iomart Dividends - IOM

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Iomart Group Plc IOM London Ordinary Share GB0004281639 ORD 1P
  Price Change Price Change % Stock Price Last Trade
2.50 0.78% 324.00 08:54:47
Close Price Low Price High Price Open Price Previous Close
324.00 331.50 331.50 321.50
more quote information »
Industry Sector

Iomart IOM Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

f15jcm: So dependable it just slashed its dividend by 22%
2bluelynn: seems a lot of volume over the last few weeks share rising and good statement saying no C19 will not effect fundamentals but no comments on here . ( might be a positive ) Any thoughts any one ? One of my biggest holdings as in cash at the moment waiting but the fundamentals on IOM seem good Love to get positive and negative thoughts too if any one has any views ? Thanks in advance
rivaldo: A reasonable set of interims today. Revenues are up nicely, contract wins and cloud growth mean H2 looks good, the dividend is up and there's much confidence going forward. Adjusted EPS was down slightly, but this was due to increased investment costs written off which will come to fruition later, and IOM had already flagged an H2 weighting. The huge recurring income and growth in the cloud mean that this remains a hold for me, but I'll top up if there's an opportunity at the right price.
rivaldo: Nice mention for IOM here in this review of global ICT investment: Https:// "Global ICT Investment in Government Market: Market Potential A number of tech firms around the world have already become a key part of e-governance by bagging profitable and long-term contracts with national and regional governments. Recent examples for this are the contracts awarded to Edge Testing Solutions, Iomart, and eCom Scotland, for being a part of the government ICT framework."
rivaldo: Octopus Investments have been buying - they've gone above 14% and have 15.28m shares: Https://
sphere25: I was looking at taking a position here, but not on that update. Trading appears to be in line but: "...margin performance will be skewed towards the second half of the year" I'd say they aren't in line at this stage, but because of the visibility they plan to be. With this comment on short term delays to decisions too, it's too risky for me personally at the current valuation. FinnCap, who are very good at ramping and then taking the other side of the trade in helping large sellers out, also (reading between the lines) aren't sure and are looking for further detail in early Dec. Difficult one on the long side then. Furthermore, Merian have disclosed a short position of 0.5% on the 26th September. They will likely increase their short to try and keep a lid on the stock. In light of the above, is it a short then? There is uncertainty in the guidance being met, but the market is viewing this as guidance being met. It is more "as you were" with the stock continuing to trade in a range. The short side might carry a tad more weight on that update with the uncertainty, but with the takeover frenzy in UK plc, murmurings of bid activity around IOM post the TCY takeover, I'd say the short side is fraught with risk too.
rivaldo: Nice plug on Wednesday: Https:// "Shares on a tear Cloud computing provider Iomart (LSE:IOM) owns and operates 12 UK datacentres connected by its own dark fibre network, as well as operating a growing number of server farms in Europe, the US, Japan and Australia. I used to work in telecoms so I know a bit about this sector: if you switched off when the words ‘cloud computing’ appeared, then perhaps this stock isn’t for you. But I think Iomart has plenty of space to grow. Pre-tax profits and earnings per share are rising and 10 years of consecutive dividend growth has always had more than 2.5 times earnings cover. Management has refreshed the board recently and has invested in buying out the competition, including datacentre providers Bytemark and LDeX. This strategy, says Chairman Ian Steele, proves Iomart’s “ambition to deliver the same long-term pace of growth achieved over the last five years which saw the business double in size.”
rivaldo: Tipped here by Andrew Hore: Https:// "Iomart (IOM) 331.5p Cloud computing and hosting services provider Iomart (LSE:IOM) has a strong track record in a growing sector. The group has shown it can grow organically and via acquisitions. Iomart offers managed hosting, consultancy, business continuity, colocation, security and cloud computing services. It owns its own network infrastructure, including data centres. Recurring revenues are more than 90% of turnover and there is only a small exposure to the public sector. Revenues have doubled to more than £100 million in the past five years and the aim is to head towards £200 million revenues. Iomart generated more than £30 million of cash from operations, but spent more than that on capex and acquisitions, plus dividends. Net debt was £39.2 million at the end of March 2019 and that could fall to nearer £30 million by next March. The share price is barely changed from the start of the year. Pre-tax profit is forecast to improve to £27 million this year, putting the shares on 17 times prospective 2019-20 earnings with a forecast yield of 2.4%."
rivaldo: Good to see the Naked Trader topping up again here yesterday: "Iomart (IOM) a long term hold fell, again for little reason and I topped up there"
rivaldo: Cheers mr doughnutt1, here's a link. IOM have indeed been part of the G-Cloud framework in the past, but the sense here is that they're now providing an expanded portfolio of services? Https:// "iomart approved to supply cloud services on G-Cloud 11 2nd July 2019 Comprehensive portfolio to support public sector digital transformation iomart has been approved to supply a comprehensive portfolio of managed cloud services on the G-Cloud 11 framework which will help public sector bodies reduce management costs and simplify compliance. In all, iomart, together with its digital transformation consultancy SystemsUp and storage specialist Cristie Data, has been approved to deliver a total of 29 separate cloud services across the three lots of hosting, support and software, to support central government, local authorities, healthcare, education and blue light services as they continue to transform the way they deliver their services to the public..... .....iomart has been an approved supplier since the early days of the G-Cloud framework. To find out more search for iomart on the Digital Marketplace."
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