Iomart Share Discussion Threads

[nurdin] 01/10/2010 15:27

what a great finish...watch out for decent press comments :o)

[wh1spa] 01/10/2010 12:35

Level 2 5-1

[picasso2] 01/10/2010 10:52

Target price minimum £1.20

[nurdin] 01/10/2010 10:18

£1 in sight ;o)

[rogerbridge] 01/10/2010 07:07

Excellent statement and good news for the future.

[yoyoy] 01/10/2010 06:45

Morning Nurdin.

Should be a good day for IOM

[farhorizons] 01/10/2010 06:44

Well done Iomart - with a hint of an acquisition in the pipeline perhaps.
The recent share price surge seems to be fully justified.

[nurdin] 01/10/2010 06:30

A cracking trading update:

You beat me to it ..:o)

[yoyoy] 01/10/2010 06:30

Half year AHEAD of market expectations and directors expectthe full year to be ahead also


==============================================================================






RNS Number : 6605T
Iomart Group PLC
01 October 2010

?
iomart Group plc
("iomart" or the "Group")
Half Year Trading Statement and Notice of Results

iomart Group plc (AIM:IOM), the managed hosting and cloud computing services
company, today provides the following update ahead of the publication of
financial results for the six months ending 30 September 2010.

Trading Review

The Group continues to trade strongly, experiencing increasing demand for its
products and services from existing and new customers during the first half of
the financial year, and consequently expects to report interim results ahead of
market expectations.

iomart hosting has continued to win a substantial number of contracts delivering
Cloud managed services and complex hosting solutions. We are seeing an
increasing adoption of cloud and virtualisation technologies alongside a growing
trend to outsource critical infrastructure to companies like iomart who can
deliver the service levels and skills to ensure maximum resilience, flexibility
and cost effectiveness.

Easyspace has also continued to deliver solid results and generate cash during
the period.

Outlook

We are encouraged by the growing pipeline of opportunities and expect that
results for the full year will also be ahead of market expectations.

We are still in the early stages of this fundamental shift of services moving
into the cloud and expect this market to grow significantly in the coming years.
Having invested heavily in our infrastructure and skills we expect to reap the
rewards of our strong position in the years ahead. We continue to pursue
acquisition opportunities which would accelerate our growth as we bolt them on
to our existing infrastructure.

Notice of Results

The interim results for the six months ended 30 September 2010 will be announced
on 29 November 2010.

Angus McSween, CEO of iomart, commented:

"Our strong levels of trading are tangible evidence of the success of our cloud
based hosting strategy. The investments we have made into our infrastructure
have significantly improved our competitive positioning, enabling us to benefit
from the growing momentum behind cloud computing.

"This growth in cloud computing is still in its early stages and we will
continue to seek means of increasing our share of what is a highly fragmented
market. With a proven reputation and a strong financial position we believe we
are very well positioned to accelerate our growth both organically and through
strategic acquisitions. We therefore enter the second half of the year with
confidence, focused on the delivery of increasing shareholder value this year
and in the years ahead."

[yoyoy] 30/9/2010 12:34

allstar,

read the note properly

"...The group intends to issue a half-year pre-close trading update around the end
of September."

[allstar_07] 28/9/2010 08:54

trading update due by end of september. Should be this week.

[sitiain] 27/9/2010 13:12

09:05 IBM IBM to acquire BLADE Network Technologies; terms not disclosed (134.11)Co announces acquisition of BLADE. The acquisition is anticipated to close in the 4Q10. BLADE's technology will be used to further optimize co's servers for cloud computing, analytics and other new workloads.

[nurdin] 27/9/2010 08:59

Due a tick up..going by all those buys..:o)

[rogerbridge] 24/9/2010 16:48

Just back from my daughters graduation, two great happenings today!

[allstar_07] 24/9/2010 16:30

Well just checked in on these. Nice surprise!

[gerri-c] 24/9/2010 11:03

Chart looks increasingly good.

[stopaloss] 24/9/2010 10:47

Wh1spa - 'Tom must have read my last post..... LOL'

Probably spot on there!

[wh1spa] 24/9/2010 10:43

Level 2 3:1

[wh1spa] 24/9/2010 10:16

Tom must have read my last post..... LOL

[stopaloss] 24/9/2010 10:04

I think the rise is more likely due to Tom Bulfords Penny Sleuth update last night. He's moved his buy limit to 80p with a target of 120p.

[nurdin] 24/9/2010 09:49

84p is not a bad price to pay if the price hits 100p+ after their trading statement.I understand from the companys PR that this will be issued very soon...

[mesquida] 24/9/2010 09:42

Thanks for that Lascala - perhaps the buyers now paying 84p should reflect on the fact that this price is almost 20% higher than the recommendation price!

[lascala] 24/9/2010 08:02

Mesquida: Current issue of Shares Magazine has nice piece titled: iomart on fast track. "Investors should look to tuck away a cheap- looking stock which has excellent growth prospects." Piece finishes with: iomart on growth trajectory Buy at 71.5p