Iomart Share Discussion Threads

[rivaldo] 07/8/2019 10:17

IOM are one of the suppliers approved for the new Scottish Government cloud services Framework this week, worth £30m in total:

[aishah] 09/7/2019 07:29

IOM is on Techinvest's 2nd Half Best Buys list @325.25p

[rivaldo] 08/7/2019 14:12

The bounce continues - on decent volumes too.

[rivaldo] 05/7/2019 11:02

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] 02/7/2019 14:29

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?



"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."

[dogwalker] 02/7/2019 14:21

Yes, but maybe not on the 'G-Cloud 11 framework', whatever that is, which you quote mr doughnut1 ?

[mr doughnut1] 02/7/2019 13:55

RNS? - Hasn't appeared on investegate as yet - 'iomart Group plc 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.'
They have 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.
I thought they already did this?

[tgkg] 28/6/2019 11:53

Bigger purchases made now, looks like it's already moving up from oversold, last chance to buy it

[tgkg] 28/6/2019 09:11

It's good price to buy. It's on oversold territory so it will go up from here, and as everyone who watch this share, it jumps 12points from closing to open, big volality. So you either grab it when is cheap or miss the boat.

[rivaldo] 20/6/2019 10:45

Good to see the CFO buying £13,000 of shares at 325p (via his wife), doubling his stake:



The CFO is usually the poorest paid director (and often doesn't have family wealth) - and it has to be a good sign when the head finance guy buys shares.

[abrahamtoast] 18/6/2019 12:38

Beginning to become concerned by the continued drop in share price When do we get to the point where Angus has to make a statement to explain it? (Or to say he has no idea why, etc.)

[the vampire] 18/6/2019 11:57

Added a few. Hopefully no sinister reason for the drop.

[tgkg] 18/6/2019 11:11

Why is the share dropping so much???????

[petewy] 16/6/2019 10:36

IC's John Rosier, while congratulating IOM,sold his holding for AAZ.

[cfro] 12/6/2019 13:38

Dividend of 5.01p to be payed on Sept 5th for shareholders on the register on Aug 16th.

[mfhmfh] 12/6/2019 08:15

This from IC:

'The shares trade well below their 52-week high-point, and at a not overly demanding 17 times forecast-adjusted earnings.'

Buy rating reiterated.

[rivaldo] 11/6/2019 11:13

Peel Hunt reiterate their Buy and 520p target, whilst Finncap have a 450p target:

[mfhmfh] 11/6/2019 10:54

buy rating reiterated in today's IC.

[cfro] 11/6/2019 07:49

Bought in this morning. Good results with recurring revenues of 90% and five year plan to double revenues.
Outlook statement very bullish.

[mr doughnut1] 11/6/2019 07:31

Slight Revenue miss, but on the whole solid.

[zipstuck] 11/6/2019 06:32

The adjusted PBT is £.2m higher than the previous trading statement hasn't been any major change in the number of shares.

[rivaldo] 11/6/2019 06:25

Solid results. PBT of £25.5m is slightly ahead of forecasts, whilst the core 19.1p adjusted EPS is slightly behind (probably tax, though I haven't checked yet).

However, with over 90% recurring income the most interesting section is the outlook, which reads very, very nicely:

"These results represent another year of strong performance by the Company, with increased revenues, profits, cash flow and dividend levels. The demand for the products and services we provide continues to grow. Over the last 12 months we have reinvigorated our sales and marketing function which delivered a strong finish to the year with March, the final month of our financial year, recording the highest month of revenue in the year. We enter the new year with confidence, underpinned by a significantly larger pipeline of prospects than this time last year.

"The journey to Cloud adoption remains a long term trend and, as a result, our market opportunity is large and widening. We continue to invest in our cloud product offering, skills and organisational platform to ensure we are positioned to capitalise on this opportunity, and the Board is confident that strong growth will continue for many years into the future."

[mfhmfh] 10/6/2019 15:04

let's see what tomorrow brings...

[mr doughnut1] 05/6/2019 18:27

Bought in this pm. All sounds very positive. This has been on my watchlist for over 2 years. Let's see if I've got my timing right.
Cheers riv for all the updates.

[rivaldo] 05/6/2019 07:25

Octopus Investments have been buying - they're now above 14% with 15.235m shares.

They've bought almost 1.1m shares since their last disclosure: