Iomart Share Discussion Threads

[abrahamtoast] 18/6/2019 13:38

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 12:57

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

[tgkg] 18/6/2019 12:11

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

[petewy] 16/6/2019 11:36

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

[cfro] 12/6/2019 14:38

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

[mfhmfh] 12/6/2019 09:15

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 12:13

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

[mfhmfh] 11/6/2019 11:54

buy rating reiterated in today's IC.

[cfro] 11/6/2019 08:49

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 08:31

Slight Revenue miss, but on the whole solid.

[zipstuck] 11/6/2019 07:32

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 07:25

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 16:04

let's see what tomorrow brings...

[mr doughnut1] 05/6/2019 19:27

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 08:25

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:

[rivaldo] 03/6/2019 08:17

Peel Hunt reiterate their Buy and 520p target:

[rivaldo] 06/5/2019 08:45

To clarify, IOM are on a current year P/E of 16.9 based on forecast 21.4p EPS (with a 2.4% divi yield).

One of the other reasons for IOM to claim a higher rating is that recurring income is hugely reassuring at over 90%.

The free cash yield is at 5.1%.

With further acquisitions likely from existing resources on a sound Balance Sheet the analyst target of 450p looks reasonable to me at present.

[nimbo1] 06/5/2019 06:34

I am personally hoping top line growth accelerates due to their sales and marketing efforts as spoken about in the recent april update.

[tim1478] 05/5/2019 17:41

One of my larger holdings. Difficult to value. With p/e 18ish and growth this year around 4-5% there is a case that it is overvalued ---- but it is in a sector of the market with high valuations, has good cash generation and good finances. The price is high on hope which if realised could see a good growth over the next few years as over the last ones. If however growth remains at 4-5% or less, I fear a de-rating and a significant fall in share price. Price is below the 200 day ma and on 50 ma. Support is 300ish. Any fall below that might suggest a loss of confidence in the market. I have had a stop loss at 295 for some time. Once I was in significant profit. -- perhaps I should have taken it!

[nimbo1] 03/5/2019 13:21

Just took a position here

[mfhmfh] 03/4/2019 12:24

top-up opportunity. IMO.

[rivaldo] 03/4/2019 09:58

Finncap's update summarises as follows:

"Full-year trading update

iomart has reported a full-year trading update indicating EBITDA of £42.2m
(£43.3mE) from revenue of £104m (£105.5mE). The consistent combination of
organic and acquired growth continues to deliver EBITDA margins of 40% and
adj PBT margins of 25%, with recurring revenue in excess of 90% – and yet a free
cash yield above the norm, at 5.1`% for FY (March) 20. Target 450p reiterated....

....Given the visibility of recurring revenue, the balance sheet remains strong and continues to offer potential for further acquisitions, with free cash flow of £19m into FY20. Forecasts are fundamentally freehold, any mild change to revenue offset by the LDEX contribution. Target 450p reiterated."

[rivaldo] 01/4/2019 13:42

Peel Hunt say Buy, with a 520p target:



Shore Capital also say Buy - no price target is disclosed.

[rivaldo] 01/4/2019 07:22

Good year end trading statement today. PBT is just slightly less than Finncap's forecast by a mere 2% or so, so EPS should be around 19.5p, with 21.4p EPS forecast this year.

This sounds most promising:

"The early benefits of this effort started to flow through in the second half of the financial year with an increase in new lead generation from both new and existing customers. This has delivered a strong finish to the year with a significantly larger pipeline of prospects than this time last year and we enter the new financial year with confidence."

And the outlook is similarly confident:

"iomart has delivered yet another year of growth with strong profitability and cash flow underpinned by our recurring revenue business model, diverse customer base and attractive market position.

"The Group's large and building sales pipeline, combined with high levels of visibility and a significant market opportunity, leaves the Board very confident in the outlook for the new financial year, as well as the long term prospects for the Group."