Iomart Share Discussion Threads

[divinausa1] 12/6/2011 11:12

IOM ceo says....


Make no mistake: the sector is huge. Looking at a range of analyst reports, it's suggested the Cloud's computing global value is on the way from £25bn this year to £148bn by 2014, as business adoption accelerates rapidly.

[divinausa1] 10/6/2011 01:19

IOM work load could go extreme

All taking place on the 20th June 2011


Will ICANN's gTLD Flood the Sub-Domain Registrations?

[seekerofvalue] 09/6/2011 17:44

Last weeks sharecast write-up.




Sector movers: Demand for cloud boosts computing stocks


Fri 03 Jun 2011

LONDON (SHARECAST) - The software and computer services sector is the top performing sector on Friday, helped by blue chip data search firm Autonomy.

Autonomy's shares were boosted after it completed the $380m acquisition of assets from Iron Mountain. The purchase is seen to boost the group's cloud computing capability (cloud computing allows users to store and retrieve their data from remote locations).

Sector peer Iomart, the cloud computing and managed services company, is also wanted after announcing earlier in the week that pre-tax profits for the year to 31 March surged from £0.4m to £2.8m.

[divinausa1] 04/6/2011 20:49

Iomart

Our view: Buy

Share price: 88.5p (+2.38p)

Iomart admits that the terms "cloud computing" and "cloud-based services" are the "buzzwords du jour" and criticised many companies in the space for trying to sell the hype without the systems to back it up.

In fact, cloud computing can cover a range of services, but in general terms, it means putting a client's data on third party servers with the information accessible through the internet. This takes out the costs of running data centres and much of the IT support for the customer.

Iomart believes it has the kit to walk the walk, and yesterday's full-year results backed that up with a seven-fold rise in pre-tax profits. The chief executive, Angus MacSween, added that the company was in good shape for the future as it had continued to invest in its data centres and staff.

"We are in a market that is growing and that is here to stay and we fully expect to participate strongly in that growth," he added.

To add to the allure, cash generation is good, and Iomart's shares trade on multiples of about 16 times forward earnings, making them well worthwhile given the growth prospects.

[wh1spa] 03/6/2011 12:58

i reckon the large trades were sells
Hopefully things will now head northwards

[divinausa1] 03/6/2011 12:29

institutions buying at a guess...

[wh1spa] 03/6/2011 09:39

Interesting couple of trades

[divinausa1] 02/6/2011 12:18

The Independent

buy Iomart

[farhorizons] 02/6/2011 10:51

With organic growth plus full year beefits from Titan and Rapid Switch, they are well on the way to beating this estimate for 2012.

[dick grasso] 02/6/2011 10:26

Whispa, they are trading on a current p/e of 30 and if they achieve a similar underlying EPS growth of around 137% that puts them on forecast p/e of 22 for 2012! Chart looks good for another possible rise if it breaks out of it's wedge but currently fair value? I don't see outstanding value here or am I wrong?

[wh1spa] 02/6/2011 10:17

I'm amazed by the current share price Great results , lots of good press and yet the share price is floundering. Is there a big seller in the wings?

[farhorizons] 02/6/2011 08:15

Share price at current levels looks seriously underrated, given the centre capacity and utilisation and managerial know how and experience in both the hosting and the data storage/cloud space.

[lascala] 02/6/2011 08:00

The Independent's Investment Column rates iomart a buy.

[divinausa1] 02/6/2011 02:25

Chief executive Angus MacSween told The Scotsman: "The cloud computing market is huge and we just need to take a tiny share of that market to be very successful.

[seekerofvalue] 01/6/2011 11:41

Given the rate of their growth and ongoing expansion, I finally decided to make my first purchase of IOM this morning, with a minimum year end target of £1.00.

[divinausa1] 01/6/2011 10:00

IOM will be very busy next year with the New Domain Names likely to get the go ahead on June the 20th dyr

[divinausa1] 01/6/2011 09:59

Cloud computing market to be worth £146 billion in 2020

[divinausa1] 01/6/2011 09:54

Barry Sloane, President and CEO of The Small Business Authority commented "Cloud computing will be the next important trend in the U.S. economy for businesses large and small. There is no doubt that business owners will embrace the cloud concept and over time gravitate towards its massive benefits. We surveyed over 1,800 independent business owners and discovered that the concept of cloud computing has begun to disseminate into the marketplace, due primarily to large advertising programs by entities like Microsoft, Cisco and others. Business owners will need to understand what the cloud is and what it can do for their businesses in the areas of cost control, data security, data protection, accessibility, efficiency and productivity to facilitate a smooth running technological platform for their business."

[divinausa1] 01/6/2011 09:09

Profits at iomart Group plc Rise by 618%
PR Newswire

LONDON, June 1, 2011

LONDON, June 1, 2011 /PRNewswire/ --


- Rise in Cloud and Hosting Customers Boosts iomart's Annual Results

iomart Group plc ( ) (AIM:IOM), the managed hosting and cloud computing services company, has today (June 1 2011) announced a very healthy 618% rise in profit before tax to the London Stock Exchange.

The company's financial results for the year ended 31 March 2011 showed profit before tax rose to GBP2.8m (2010:GBP0.4m, before gain reduction in deferred consideration of GBP09m). iomart Group's revenue also showed a big increase, up 38% to GBP25.3m from GBP18.3m in the previous financial year.

The majority of growth announced by the Glasgow-headquartered company came from its hosting operations which generated revenue of GBP17.7m, a rise of 61% from GBP11.0m in 2010. This figure includes revenues from the acquisition in November 2010 of Titan Internet for GBP4.2m, however even taking into account this purchase, hosting revenue still jumped by 47% with many customers looking specifically for cloud-based and enterprise hosting solutions.

Angus MacSween, CEO of iomart Group plc, said: "Cloud computing has become something of a buzz word with many companies adding the 'cloud' tag to everything they do without backing it up with reliable delivery mechanisms. At iomart we have built our technologies from the ground up specifically to be delivered via the cloud. As a result we are becoming recognised as an authority on the provision of cloud-hosting solutions and are well positioned to take advantage as the market evolves and people look for reliable vendors."

iomart Hosting won 400 new orders during the year, many of which were additional orders from existing customers. Increasingly these orders include some aspect of cloud or virtual computing in the overall solution.

Angus MacSween continued: "With more and more businesses looking to the cloud for their data solutions we believe we have positioned ourselves well to take advantage of this market moving forward. We are in a market that is growing and that is here to stay and we fully expect to participate strongly in that growth."

The adjusted EBIDTA* for iomart Group plc was GBP6.6m, a high level of growth, showing an improvement of 113% (2010:GBP3.1m). Again the adjusted EBIDTA for the hosting side of the business also showed an increase of 124% to GBP6.2m from GBP2.8m in 2010.

iomart Group plc owns five data centres around the UK and has continued to invest in its data centre infrastructure by fitting a further 7,000square feet of space in its Maidenhead data centre during the year.

Note: * In this release adjusted EBITDA for March 2011 is earnings before interest

[nurdin] 01/6/2011 07:37

Indeed..:o)

[divinausa1] 01/6/2011 07:24

Very strong results reported today

[wh1spa] 12/5/2011 10:33

That sure is one hefty trade that has gone through.

[farhorizons] 08/5/2011 17:13

I suspect that the results will please all shareholders. The key issue will be the visibility of earnings for 2011/12...but I remain confident of further upside as the company works with the grain of current and future developments.

[wh1spa] 06/5/2011 12:30

a bit of blue ..... hopefully there will be more on the run up to the results