Iomart Share Discussion Threads

[tole] 30/7/2008 16:56

Spec Buy recommendation the other day on GCI -

[gerri-c] 30/7/2008 11:53

Managed Hosting and Data Center Services Provider iomart PLC Sees Managed Hosting Results Increase 17%

July 30, 2008 – (HOSTSEARCH.COM) – Managed hosting and data center services provider iomart PLC has reported a 17% increase in sales of managed hosting services in the financial year 2007/08. Revenues from its fledgling data center and managed services company have increased by 63% to £1.4m ($2.7m). The company's Easyspace web hosting business also saw an increase of 9% to £6.3m ($12.4m).

"This has been a transformational year with the successful sale of Ufindus for £20m and the development of our complex managed hosting business using our own network of carrier neutral datacenters," explained the CEO of iomart, Mr. Angus MacSween. "We are now well positioned to address our chosen market with the firepower to make strategic acquisitions in combination with our organic growth."

In February 2007, iomart purchased four data centers and has since opened two fully-refurbished facilities – one in Glasgow, and one in the heart of the City of London. A third will be launched in Nottingham next week, with the final data centre, Leicester, expected to be ready for business during August. Despite investing £3m in its data centre infrastructure over the year, the group's profitability has suffered limited impact with EBITDA of £1M ($1.9 M).

"Our focus on the data centre offering is paying off and we're in a great position to win more high-margin corporate business," continued Mr. MacSween. "A complete 'one source' managed hosting service is very different to what's on offer from other providers, ie space and power only, which puts us in a very strong position in the market. We've equipped our four data centres with the latest technology and ensured that we have ample power to cope with expected future computing demands. We suffer none of the legacy problems that face many of today's operators and this, coupled with a decade of hosting expertise, has been a significant selling point for us. This has been demonstrated by the group winning its largest single contract worth £5.75m over 5 years with BT."

Mr. MacSween also added that money generated from the company's sale of Ufindus will enable it to consider acquisitions. "With the sale of Ufindus we find ourselves in the enviable position of having sufficient funding to fully underwrite our current business plans, without having to place reliance on borrowing facilities at this testing time in the credit market. We will be exploring a number of acquisition opportunities during the next year which will enable us to add revenues, skills and savings to the group."

[hyper al] 30/7/2008 11:11

Win a shopping cart with Easyspace, just received the E-mail.

Big deal!

[wh1spa] 29/7/2008 09:53

BT are on a spending spree. They've just announced the acquisition of Ribbit corp.

[wh1spa] 29/7/2008 09:40

The longer term outlook for IOM is excellent. The beauty with the Datacenter business is that once you've snagged someone they will usually be signing a minimum 3 year contract. At last IOM have something to build on , I was always worried that they had too much dependancy on the performance of Ufindus (which I thought was utter cack) Its a shame that NI is still underperforming but they will be able to incorporate it with server packages so organic growth is to be expected. I still maintain that BT will buy them out within the next year for £100 mill

[hyper al] 29/7/2008 08:10

Final results.

Don't look good

[wh1spa] 21/7/2008 12:19

More good press:

[gerri-c] 10/7/2008 15:43

...and a column in scotsman.com



"Iomart to specialise after Ufindus sale"

and another in The Herald

[gerri-c] 10/7/2008 15:36

Times OnLine

"Tiddler to watch

Iomart Group, up 4p to 49½p, has become a pure provider of data centres – hosting servers for media and telecoms companies – after the sale yesterday of its Ufindus online directory business for £20 million. The cash should help it to expand in a market that Equinix, its American rival, said is growing in London."

[mesquida] 10/7/2008 09:45

Market cap only 50 million. Web servicing probably worth 25 million. London data centre alone is worth 35 million. This is beginning to look very cheap.

[wh1spa] 09/7/2008 13:57

Maybe BT will end up buying the whole of Iomart once the datacenters have all been set up. It may be quite a shrewd move for BT to diversify into the datacenter business as standard telecoms are likely to become less and less profitable with time.

[wh1spa] 09/7/2008 11:44

This is the start of Iomart being taken over. Sell off all the non core assets and then put the main business up for sale. £1+ within six months

[hyper al] 09/7/2008 11:21

Iomart took my clients and placed some on ufindus, all regretted doing so, because of the costs involved and the lack of financial return.

[gerri-c] 09/7/2008 11:11

The disposal seems to be meeting approval.

[wh1spa] 01/7/2008 17:44

acorns hyper al
you must admit Aroxo is a catchy name ....... it sounds like an antidepressant LOL

[hyper al] 01/7/2008 10:35

Wh1spa

It's just an auction site!

"aiming to rival eBay"

LOL

[wh1spa] 01/7/2008 10:07

Check this out. A nice contract win for IOM if all goes well!

[robsy2] 23/6/2008 15:37

yes ! We must be near results time.I've been patiently holding and waiting for a good trading statement.

[wh1spa] 23/6/2008 15:14

Movement Yipeeee!

[mesquida] 19/5/2008 09:48

Today´s contract win should help, and late next month I guess that we should see some figures. Like you, Wh1spa, I think that this stock is now distinctly cheap, and the chart is also beginning to look very interesting. I suspect that the next three months here could be much more exciting than the last three months!

[wh1spa] 15/5/2008 08:18

I hope Telecity's (TCY)upbeat interim statement helps focus a little more attention on the sector and the bargain that is Iomart. Maybe TCY will want to buy IOM out in the not too distant future.

[hyper al] 28/4/2008 12:18

Looks a bit like a press release from the .com boom days.