Iomart Share Discussion Threads

[pj 1] 30/3/2012 08:45

Macd and RSI turning up, should be good upward progress from here.............

[nurdin] 30/3/2012 08:41

Bouncing nicely now...positive write up from Citywire I understand.

[matt123d] 27/3/2012 21:08

Three times the average daily volume today.

[supersturrock] 27/3/2012 10:51

The PE for Telecity is even higher.

[nurdin] 27/3/2012 10:41

Peel Hunt have penciled in 7.7p for 2013 which would rate the stock at 19x at 150p. Do remember however that IOM are planing to make a few bolt on acquisitions going forward...which could easily transform the landscape.

[pj 1] 27/3/2012 10:19

Still puts it on x30 P/E? Do you see much growth short term above 150p?

[matt123d] 27/3/2012 10:15

Agree, the fairly aggressive seller is cleared. 150p is still the key level to break.

[nurdin] 27/3/2012 09:59

Looks like the seller is finished.Bounce back to atleast 150p now imo

[nurdin] 25/3/2012 11:41

The market was quite happy to let these trade in the 140s before the recent trading statement.Odd that the share price is now trading at 128p despite the company saying that the results will be above market expectations and making bullish noises about the prospects in the current year and indeed going forward.I can only put that down to one or two institutions off loading..as has been the case with Hendersons.

Incidentally Peel Hunt have upped their forecasts for the year to March 2012 to £6.8m pbt and 6.63p eps.For 2013 they have pencilled in £9.2m and 7.7p respectively.Forward PE now at just 16.7x which compares very favourably with TCYs prospective of 22.7x.IOM also have much better earnings growth profile going forward compared to TCY.

A buying opportunity imo.

[nermil] 21/3/2012 01:27

Nurdin that's my reasoning as well. They are actually cheap by my calculations. And if that p/e is carried through to next year this time we should be looking at near the 200p mark based on 40% growth in eps over 2012 which I'm figuring should be around 6p. That's more than 40% return on today's share price.

Edit: And excluding dividends

[matt123d] 19/3/2012 17:24

Some chunky trades going through today, 150p being the key level to break now.

[nurdin] 19/3/2012 17:12

I think the perception is that IOM look expensive on current year pe of 23x and 18.5x for the year to March 2013.But earnings in the current year will have grown by 90% and brokers have pencilled in further growth of 32% for the year about to start...and that is without the benefit of any acqusition.That translates to PEG of just 0.26 for the current year and 0.56 for 2013.

That is cheap in anybodys book specially as this is demand led growth supported by excellent quality of earnings

[pj 1] 19/3/2012 16:50

Nice rise but hoped for more, Was marked up 10% this morning but then MM's seemed to want to off load stock. Maybe we need some press coverage tomorrow..........hopefully!!!!!!!!!

[picasso2] 19/3/2012 13:10

Iomart continues as an attractive way to play the rapidly growing managed hosting and cloud subsector in the UK SME market. There is substantial room for expansion of the company's offering, particularly given the fact that more than 80% of corporate servers in the UK are still in-house. With a solid balance sheet, excellent revenue visibility and customer stickiness, Iomart has very solid fundamentals as a standalone business but would also make an accretive addition for a larger player in this field.

At 9.4x the FY 2013E EBITDA forecasts, Iomart remains at a discount of more than 20% to Telecity in spite of materially higher forecast earnings growth. While the latter probably warrants a premium because of scale and liquidity, the valuation gap should contract over time.

Prelims will be on 29 May, at which point management will have greater visibility regarding the prospects for the year ahead. It would be surprised not to see forecasts for FY 2013E and beyond move up at that stage. Additionally, management remains on the lookout for further bolt-on acquisitions; the company has a good track record thus far of extracting value from these deals, which typically involve "lifting and shifting" assets.

I would not be surprised if the share price did not double within the next two years if the present rate of improvement and expansion continues

[nurdin] 19/3/2012 07:23

Lovely trading statement..ahead of market expectations..

Group Trading Performance

The Board is delighted to report that iomart has achieved a very strong set of results across both its operating segments, ahead of market consensus. For the year to 31 March 2012, the Group expects to show an adjusted EBITDA(1) of not less than GBP11 million (FY2011: GBP6.6 million) and adjusted(2) profit before tax of approximately GBP6.7 million (FY2011: GBP3.6 million). The Group has delivered strong organic growth as well as good performances from the acquired businesses and the Board sees continued organic and acquisitive expansion prospects for iomart going forward.

[nurdin] 16/3/2012 19:15

Quite so..I just wondered what caused that dramatic drop in the share price yesterday which forced the stock to go into auction.I suspect someone got an order in to sell a parcel of shares which caused the initial panic..until they found a willing buyer in Henderson...

[wh1spa] 16/3/2012 15:10

They have increased their holding by 21578 shares.

[pj 1] 16/3/2012 15:01

Not me !!!!!

[nurdin] 16/3/2012 14:58

Henderson above 10%.Wonder who has been selling...

[gerri-c] 14/3/2012 16:22

I do hope it represented a bottom, and a return to the much-preferred trend...

[matt123d] 14/3/2012 13:57

Very unusual. It has been under distribution for the past couple of weeks, maybe the move down was the last of the stock that had to go.

Impressive recovery anyway. Upwards to a break of 150p from here.

[pj 1] 14/3/2012 12:24

Too obviouse for a Tree Shake surely??

[wh1spa] 14/3/2012 10:07

maybe henderson reducing again

[nurdin] 14/3/2012 09:58

Added ..unusual fall for no apparent reason