Iomart Share Discussion Threads

[robow] 09/1/2018 08:08

this is a gem with a nice quiet bb

[rivaldo] 09/1/2018 07:30

IOM have been tipped as one of their stocks for 2018 by the Share Centre:



"Iomart – for growth seeking investors

“Iomart was involved in cloud computing long before it became fashionable. It is one of the UK’s leading companies in an industry that is expected to grow fairly rapidly as businesses and consumers generate more data and become comfortable with having that data located offsite. Essentially, Iomart facilitates data hosting services so that clients and the end user can have access to data and web services in a secure manner, while reducing costs and complexity. Investors should recognise that the group expects the creation of data to be exponential for some years to come.

“This is a business which is operationally geared, and it can take more business for relatively little cost. The group has partnerships and programmes with some of the largest computing businesses in the world, such as Microsoft and Dell, and there’s further promise in regards to hosting government departments as well as targeting smaller acquisitions. The shares have made steady progress over recent years, helping cement our belief that the long term prospects have not fundamentally changed.”

[soundbuy] 03/1/2018 12:00

Cheers, missed that.............

(which you could 'rank' the various columns on that site as before by clicking on headers.....grrrr)

[rivaldo] 03/1/2018 11:38

Peel Hunt have today increased their price target to 440p (from 405p) and say Buy:

[soundbuy] 29/12/2017 10:29

Excellent, cheers

[rivaldo] 28/12/2017 15:57

Tipped by the Share Centre for 2018:



"Top investment tips for 2018
Written by: Cherry Reynard
21/12/2017

Iomart – for growth seeking investors

“Iomart was involved in cloud computing long before it became fashionable. It is one of the UK’s leading companies in an industry that is expected to grow fairly rapidly as businesses and consumers generate more data and become comfortable with having that data located offsite. Essentially, Iomart facilitates data hosting services so that clients and the end user can have access to data and web services in a secure manner while reducing costs and complexity. Investors should recognise that the group expects the creation of data to be exponential for some years to come.

“This is a business which is operationally geared, and it can take more business for relatively little cost. The group has partnerships and programmes with some of the largest computing businesses in the world such as Microsoft and Dell and there’s further promise in regards to hosting government departments as well as targeting smaller acquisitions. The shares have made steady progress over recent years helping cement our belief that the long term prospects have not fundamentally changed.”

[tedrux] 21/12/2017 08:08

Well done on the doubling!

[aishah] 18/12/2017 14:30

That would be a doubler for me then :-)

[rivaldo] 18/12/2017 10:54

...or today :o))

[soundbuy] 18/12/2017 07:41

Finish above £4 this week......???????

[rivaldo] 15/12/2017 15:49

New highs. Quiet thread. Lovely.

[soundbuy] 13/12/2017 15:50

Thanks.........higher level of risk........ummmm.....that was 2 or 3 yrs ago.........the recurring revenue stream of today mitigates that risk....

[rivaldo] 13/12/2017 11:35

More new highs.

Also just tipped by the Share Centre:



"Stock of the Week: Iomart
11/12/2017

Ian Forrest, investment research analyst at The Share Centre, picks cloud computing consultancy firm Iomart as stock of the week.

AIM-listed group Iomart has been involved in cloud computing long before cloud computing became fashionable. It is one of the UK’s leading companies in an industry that is expected to grow fairly rapidly as businesses and consumers generate more data and become comfortable with having that data located offsite.

Essentially, Iomart facilitates data hosting services so that clients and the end user can have access to data and web services in a secure manner while reducing costs and complexity and investors should recognise that the group expects the creation of data to be exponential for some years to come.

Last week, the group reported its half year results in which it stated that revenues were up 12% on the same period last year, coming in at £47m, while adjusted pre-tax profits rose by 9% to £11.6m. Despite the numbers falling slightly short of expectations, the shares rose on the back of the announcement and, in general, the shares have made steady progress over recent years helping cement our belief that the long-term prospects have not fundamentally changed.

This is a business which is operationally geared, and it can take more business for relatively little cost. The group has partnerships and programmes with some of the largest computing businesses in the world such as Microsoft and Dell and there’s further promise in regards to hosting government departments and the continuation of targeting small acquisitions. As a result of all of this, as well as rising dividend payouts, we continue to recommend Iomart as a ‘buy’ for investors looking for capital growth and willing to accept a higher level of risk."

[rivaldo] 06/12/2017 14:13

Cheers - hopefully that'll be in Friday's print edition.

[glawsiain] 06/12/2017 12:58

Here you go:

"A strong first half for iomart (IOM) saw cloud services revenue rise by 13 per cent to £40.3m, albeit with a slower organic growth rate year on year. This stemmed from the conclusion of a low-margin public cloud consultancy project. Adjusting for this, the division’s organic growth was up an encouraging 8 per cent. The shares rose on the day, supported by the announcement of a maiden half-year dividend.

IOM:LSE

iomart group PLC
1mth
Today change
-3.00%
Price (GBP)
371.50

Recent acquisitions provided a fillip to the top line. The purchase of Dediserve in May for €7.9m (£6.7m) provides the company with an EU operation as Brexit looms, and expands iomart's cloud infrastructure presence. In line with management’s plan to consolidate its ecommerce offering, Tier 9 (trading as Simple Servers) was acquired in July, and Sonassi was purchased after the reporting period. These both provide infrastructure for ecommerce applications, specifically for the Magento ecommerce platform. Chief executive Angus Macsween says Sonassi makes significant use of automation, and boasts impressive cash profit margins of more than 80 per cent.

Iomart’s small and micro business segment, Easyspace, continued to trade well, with revenue up 2.3 per cent to £6.7m. Analysts at N+1 Singer forecast adjusted pre-tax profit of £24.4m with EPS of 18.4p for the year to March 2018, up from £22.4m and 17p in FY2017."


IC View

Bosses have fulfilled their pledge to pay a half-year dividend. Recurring revenue has risen as per their objectives, and they anticipate “another year of material growth”. The shares are trading on a demanding multiple of 21 times forecast earnings, but these results suggest upside. Buy.

[rivaldo] 06/12/2017 12:13

Here's a link to the Buy update - anyone got access?

[mfhmfh] 05/12/2017 13:37

buy rating reiterated in today's IC

[soundbuy] 05/12/2017 12:18

HT FT AV

Finncap

iomart has delivered interims which demonstrate their typical mix of organic and acquired growth, leading to mild net upgrades to revenue (FY18: +1% and FY19: +3%) and EBITDA (+2% and +5%), while net debt of £24.5m is still comfortably below 1x annualised EBITDA. The ongoing acquisition of skills and customers is leading to development of further revenue streams, and development of iomart's reputation as specialist in multiple fields and verticals (for example cloud back-up as a niche expertise, and e-commerce as a vertical specialisation). The cloud market opportunity remains strong and growing, given the complexity of the delivery of reliable cloud services, whether private, public, or hybrid. iomart continues to deliver consistent growth, strong margins, and predictable cash, with an attractive cash flow yield and a supportive dividend illustrating board confidence. With forecasts upgraded, we lift our target price to 415p, equivalent to an unchallenging 10x FY19 EV/EBITDA.


Peel Hunt

The group continues to benefit from the structural growth of the cloud economy by focusing on transactional, mission-critical, and largely web-facing, private cloud hosting opportunities. This was evident in the 1H18 results, where the growth (org cloud hosting is +8%) and the margin (cloud hosting adj EBITDA is 44.6%) contained no surprises. Therefore, we leave our earnings forecasts largely unchanged. In recent months, the company has made two acquisitions to better target online retail businesses, a clear growth area, and has invested to future-proof its network infrastructure. Both strategic steps are in line with what we have come to appreciate from iomart. Given its structural sweet-spot in a world obsessed with the Cloud, its 10% adj EBITDA CAGR over the forecast period and the underlying FCF/EBITDA rate of 50%, we remain fans of the story and reiterate our Buy rating. iomart trades on cal 18 EV/EBITDA of 9.6x, a discount to the peer group on 13x.

[mfhmfh] 05/12/2017 10:47

added before the close yesterday. possible t/o target in the near future? IMHO.

[soundbuy] 05/12/2017 09:58

Cheers..........

[rivaldo] 05/12/2017 09:29

N+1 Singer have actually increased their target price to 427p (from 388p) today. Finncap have similarly increased to 415p (from 400p).

Petewy, the maiden interim divi per today's results was 2.25p. Singer's forecast is for a total divi of 6.9p this year.

[b1ggles] 05/12/2017 09:25

2.25p, petewy.

[soundbuy] 05/12/2017 09:11

Iomart Group PLC IOM Peel Hunt Buy 377.38 373.00 Old PT: 405.00 New PT: 405.00

[soundbuy] 05/12/2017 09:11

Iomart Group PLC IOM N+1 Singer Buy 377.38 373.00 - PT: 427.00 Reiterates

[petewy] 05/12/2017 09:06

Interim divi declared of 2.5p plus H2 divi of 6p = 8.5p total divi.
Am I right? duhhhh Marj...