Iomart Share Discussion Threads

[soundbuy] 06/10/2017 08:17

GLASGOW, Scotland, October 6, 2017 /PRNewswire/ --

iomart company Cristie Data has won a five year contract with Stone King LLP to help the national law firm transform the way it protects its data.


Cristie Data will provide Disaster Recovery as a Service (DRaaS) and managed cloud backup to Stone King, enabling the specialist law firm to provide a continuous and high level of service to its valued clients.

[soundbuy] 06/10/2017 07:53

Few yrs here too - top 3 holding..

Finncap reads well.......

[rivaldo] 06/10/2017 07:45

Nice one nurdin. Good to see others doing long-term investing :o))

The Naked Trader bought more IOM per last night's report, so could see some more buying interest here from his followers:

"What's not to love about Iomart? (IOM).

It just gradually goes up and made me a packet. And after this week's trading statement I struggle for a reason not to buy more. I couldn't find one.

This cloud computing outfit does everything right. The growth keeps coming and its recent acquisition is bedding in well. To reward shareholders the company has nearly doubled the dividend.

It says cash generation is high. And it has been bid for before, now I think we would be looking at 450p!"

[nurdin] 05/10/2017 12:50

High Riv..just checked my trading history here

My first purchase was on 14/12/09 at 45.7p

-sold the lot on 1 june 2011 @88.25p

-bought back half on 22 june 2011 @102p...and have held them since.

So not quite 8 years but near enough on my original purchase.

[robow] 05/10/2017 12:40

I've been here for a good while too. First bought at 187p

[rivaldo] 04/10/2017 22:17

New highs now.

No probs nurdin. Great to see long-term investing paying off - what did you first buy at if you don't mind me asking?

[nurdin] 04/10/2017 11:15

Cheers Riv...a great write up there by Finncap. Have held IOM for more than 8 years and it has served me extremely well in that time.Think I will add more now that the landscape for their business is changing quite radically now imo

[rivaldo] 04/10/2017 11:03

FYI this is what Finncap had to say after the trading update - "unfathomably cheap", with a 400p target:

"Interim trading update – on track

iomart has once again reiterated the high levels of visibility in the model with a trading update for the interim period to 30 September, confirming performance is in line with expectations. As ever, continuing operations are boosted by appropriate acquisitions to fill in territorial or skill set gaps in the model with the May acquisition of Dediserve, while the underlying business remains predictably strong – the level of recurring revenue (85%+) meaning differences from expectations are only ever low single digit % if at all. The dividend is now to be split between interim and final payments, otherwise there are no changes to expectations in a tightly managed consensus range.

As a champion of hybrid cloud delivery, all scales of business from SME to enterprise are now moving elements of operations to a mix of private and public cloud, and iomart has positioned itself excellently in a market of relentless demand where reputation and scale of service delivery are vital.

Target 400p reiterated, the stock being unfathomably cheap despite its standout quality, with a free cash flow yield of 4.9% rising to 6.9%, and EV/EBITDA of only 8.3x – despite the best adjusted PBT margins in the sector."

[farhorizons] 29/9/2017 11:17

I have been a long-term fan and this faith is now fully justified.

[apfindley] 29/9/2017 10:14

Looking good here finally. BLU is also turning upwards right now...!!!! Trades piling in. Great news and more to come..

[aishah] 29/9/2017 10:03

Excellent progress. Have held for a number of years. Techinvest covered them recently too and added to their portfolio. We'll be taken out eventually, for a big premium imo.

[soundbuy] 29/9/2017 09:48

Dropped to just over 160p ish IIRC not long after I bought initial tranche nearer £2, have added 6 or seven times over the yrs........

ATH 345p......close to blue sky territory....

[soundbuy] 29/9/2017 09:43

Over 3 odd yrs here.......3rd largest holding finally bearing fruit?

Onwards and upwards.........

[rivaldo] 29/9/2017 08:19

Finncap, Shore Capital and N+1 Singer all also say Buy this morning.

Finncap have a 400p target and Singer match Peel Hunt's 388p target.

[rivaldo] 29/9/2017 06:49

Excellent trading statement today - lovely and confident. I bought in recently.

Peel Hunt have reiterated their Buy and 388p target.

[soundbuy] 04/9/2017 14:06

Be good to see the back of this seller or sellers.............zzzzzzzzzz

[farhorizons] 23/8/2017 10:28

But at the AGM they talked about introducing an interim dividend.

[davr0s] 23/8/2017 07:40

They haven't done one in recent years so wasn't expecting it

[soundbuy] 23/8/2017 07:32

Thought perhaps an update prior to the AGM......hey ho..........

[petewy] 22/8/2017 19:51

was upgraded by analysts at N+1 Singer to a "buy" rating. They now have a £3.88 price target.

[2bluelynn] 21/7/2017 17:28

Petewy bet you wish you had kept hold of microgen- MCGN These will do the same

[soundbuy] 21/7/2017 07:20

Treading water yet again..........

[supersonico] 20/7/2017 11:14

BRUCIE5 sets up JakNife to rekindle the TT story.
Consensus Narrative in action.