Iomart Share Discussion Threads

[rivaldo] 01/10/2018 06:15

Very encouraging H1 trading update today - looks like IOM are experiencing an upwards change of pace and confidence. No wonder the share price is re-rating:



"The Group has continued to perform strongly in the first half of the financial year. Trading in the six months ending 30 September 2018 has been in line with management expectations, with both revenue and trading profits expected to be well ahead of the comparative period last year, including the contribution from the acquisitions made in the previous financial year.....

......"iomart's continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market. With a significant and sustainable market opportunity ahead of us, a growing sales pipeline and high levels of revenue visibility, we look to the second half of the year and beyond with confidence."

[superadams] 18/9/2018 15:42

It was bid for before c 300p - maybe another go by someone else.

[aishah] 18/9/2018 15:02

I took a bit off (20%) the table here having held from 2014. Will run the rest though as I'm not ruling out some corporate activity here.

[rivaldo] 18/9/2018 12:15

Soaring in fact....:o))

I suspect the high recurring income and solid growth potential are key to attracting investors at a time when markets are a little uncertain.

[nurdin] 18/9/2018 09:58

Rising again, which is nice to see

[rivaldo] 17/9/2018 10:45

Cheers chaps. Looks like a nice re-rating happening here. Buying coming in at the full 447p offer now.

[petewy] 14/9/2018 12:43

thanks Riv

[robow] 14/9/2018 10:43

well spotted Riv

[rivaldo] 14/9/2018 09:35

Interesting - looks like IOM have been busy making acquisitions which fall underneath the disclosure requirements size-wise, so haven't been on RNS (or on this BB!).

This article discusses the acquisition only two weeks ago of Bytemark:



"AIM-listed iomart inhales third cloud biz in 4 months
North Yorks-based Bytemark slipped into trolley
30 Aug 2018 at 09:20

Exclusive AIM-listed iomart has carved out the umpteenth notch on its bedpost, so to speak, buying UK managed hosting and cloud minnow Bytemark.

North Yorkshire-based Bytemark is the third slurp in four months for iomart following deals with cloud services outfits Dediserve, Tier 9 Ltd, which trades as Simply Servers.

The latest purchase was confirmed by a spokeswoman at Glasgow-headquartered iomart: “This is another significant acquisition for iomart of a high quality cloud business that can add real value to the group and enhance our delivery of secure managed cloud computing services to UK business,” a spokeswoman told The Register.

We asked about the buy price and the rationale for making the latest addition but were told that no further statements will be made.

Founded in 2002, Bytemark sells server hosting and data centre services, and launched a public cloud designed in-house using open source wares a decade later.

It filed abbreviated accounts for the year ended 31 July, indicating a turnover less than £6.5m or fewer than 50 employees."

[nurdin] 13/9/2018 15:35

Yes, perhaps a more plausible explanation..thanks.

[aishah] 13/9/2018 15:25

Ian Steele took over as new chairman following the AGM.

"Steele, a qualified chartered accountant, has a distinguished career involving time with The British Linen Bank, Touche Ross, Rutherford Manson Dowds and Deloitte.

He spent eight years on the UK board of Deloitte and recently retired as senior partner for Deloitte in Scotland and Northern Ireland."

[nurdin] 13/9/2018 15:03

Not complaining but why has the share price been so strong of late? A bid coming? Wouldnt surprise me at all to be honest.

[rivaldo] 13/9/2018 13:01

...and still going.

[rivaldo] 11/9/2018 09:27

New highs this morning.

[rivaldo] 06/9/2018 21:50

Likely simply a re-rating because it's cheap nurdin :o))

Great finish, with new highs and lots of small AT (institutional) trade buying at prices up to 432.5p.

[nurdin] 06/9/2018 15:16

yes....and making further strides.Something going on by looks...

[rivaldo] 06/9/2018 14:43

Oooh - buying at 422.5p and new highs :o))

[rivaldo] 04/9/2018 07:57

Buying at 420.41p this morning....new highs soon?

[rivaldo] 21/8/2018 06:12

RNS - Octopus Investments continue to buy. They now have 13%, or 14.07m shares (up by more than 1m from 12.96m per their last disclosure):

[rivaldo] 20/8/2018 09:13

Buying at 414p and 415p now.

[rivaldo] 09/8/2018 09:53

A sudden jump up to 407p and buying at the full 408p offer price....

Cheers AISHA, that's also encouraging.

[aishah] 08/8/2018 18:14

IOM also in Techinvest's 2nd half best buy list. A lot more to come here imo.

[rivaldo] 08/8/2018 13:32

Back above 400p now. Time for another run-up here.

[gargoyle2] 31/7/2018 07:06

Very positive, rivaldo.