Iomart Share Discussion Threads

[pj 1] 19/9/2012 08:35

Does anyone know if 'directgov'' (car tax, paye etc etc) are a current customer?

Unconfirmed ''whisper'' that DirectGov are moving to Cloud to facilitate easier payments. Quite big I would imagine!!!!

Just a whisper that's all

[gerri-c] 06/9/2012 12:02

I am hoping we will now soon leave this price level behind, especially as it's ex-dividend (assuming that the seller/s were taking advantage of the rise prior to the ex-dividend date, anticipating a decreased share price post dividend). By that logic, this should be a good time to buy ;-)

[matt123d] 05/9/2012 15:30

Some large trades today clearing the supply at 160p which has been holding this back.

Rackspace now up at $62 so IOM has some catching up to do in percentage terms.

[matt123d] 03/9/2012 11:26

Iomart - Acquisition update; target raised - Buy


Investment Case
On August 16th iomart acquired Melbourne Server Hosting Ltd.; its share price also reached our 162p target level.


Melbourne adds (FY`11) revenue at a c£3.5m run rate. iomart will pay a maximum cash consideration of £7.0m, part-financed via a £5.0m draw down of debt. We estimate year-end net cash at c£1m.


We expect iomart to continue its measured balance of organic growth augmented by acquisitions.


Review of underlying growth outlook plus acquisition impact leads to a 7% increase in FY`13 EBITDA (E) and an 18% increase in EPS outlook. Resulting FY`14(E) EV/EBITDA is 8.3x, and 10x at our new target price of 190p. With 20% upside our rating is "Buy".


Provider ID: 00002202




-0- Sep/03/2012 10:23 GMT

[pj 1] 17/8/2012 21:46

shhhhhhh, silence here seems to be working......

[matt123d] 16/8/2012 09:29

Looks a good first acquisition to make use of the financing facility.

[gerri-c] 10/8/2012 10:41

I think a doubling of offered financing also speaks for itself in terms of confidence shown in their growth and earnings potential.

[matt123d] 10/8/2012 10:00

Think the dip then this rise is due to the US earnings of Rackspace.

Q1 RAX were below expectations and the dip in IOM occured just ahead of their Q2, results beat and in turn buyers arrived in IOM.

Also some money has come out of TCY after their results and their valuation is considerably more expensive than IOM.

Also IOMs new acquisition strategy looks appealing and offers investors expectation of good things around the corner.

[pj 1] 10/8/2012 09:49

Nermil, looks that way. Hopefully pre close statement due end Sept, so bit early for any possible financial leak yet.

[nermil] 10/8/2012 09:42

someone building a position here. that surprise dip down to 135p a week or so back may have been a tree shake after all.

[togglebrush] 10/8/2012 09:30

This is my guide to IOMart trading volumes. This month the price rises have been nice but without very large volumes.
'
Daily Trading Volumes since 1st Jan 2010 based on ADVFN data
Quartiles and One in a Hundred day
'
One in 100 day__1,345,987 ___Last example 24 April 2012
Max_____________7,127,911 ___4 June 2010
Q3________________114,582
Median_____________45,000
Q1_________________15,903
'
How these fit into this month's data
'
Date_______Open____High___Low___Close___Volume ___Quartile
01/08/2012 145.50 145.50 145.50 145.50 __9,200__Q1
02/08/2012 145.50 145.50 145.50 145.50 _82,913__Q3
03/08/2012 143.25 143.25 132.00 141.00 199,768__Q4
06/08/2012 142.00 145.00 142.00 142.00 107,022__Q4
07/08/2012 146.00 147.50 146.00 147.50 _55,744__Q3
08/08/2012 151.00 151.00 151.00 151.00 117,873__Q4
09/08/2012 153.00 156.00 153.00 156.00 740,766__Q4

[nurdin] 09/8/2012 22:09

Blimey...had taken my eyes off my holding.Looks like something is brewing here...

[matt123d] 09/8/2012 21:53

Five times average daily volume over the past year today at 813k to give rise to that breakout close at an all time high.

[matt123d] 09/8/2012 14:20

Printing a fresh all time high at 156p.

A close at this level and i'd be looking for 200p short term.

[gerri-c] 09/8/2012 14:12

This move is long awaited!

[matt123d] 08/8/2012 17:06

Good results from Rackspace. Up from $45 to $55 in three sessions now.

Bodes well for IOM.

[pj 1] 04/8/2012 07:23

This was down nearly 10% PM very quickly at one point, hoping its a ''shake'' to fill some large orders.....

[napoleonad] 24/7/2012 19:29

From UK-Analyst.com, 24 July 2012:

Canaccord Genuity maintained its "buy" rating for Iomart Group (IOM) with a target price of 175p. The cloud computing services provider has secured a 20 million pound credit facility, which the broker noted is twice as large as its previous facility. Canaccord approves of the firm's planned acquisition strategy, noting its success in the past, and believes it will help accelerate growth. As the firm's capacity fills, the broker forecasts EBITDA margins to improve by between 200 and 300 basis points per annum over the next three years. Iomart shares were unchanged at 145.5p.

[wh1spa] 23/7/2012 10:55

That credit facility gives them around enough dough to buy MXM (which I've always thought would be a good fit for IOM) MXMs chairman muted that private equity were sniffing around in his Feb statement, but maybe IOM will pip them to the post.
This could also be a worthless conspiracy theory so DYOR.

[matt123d] 23/7/2012 10:36

iomart Group plc gets £20 million credit boost from Lloyds Bank
23/07/12


iomart Group plc (AIM:IOM), has today announced that it has secured a £20 million revolving credit facility with Lloyds Bank Wholesale Banking and Markets as it continues its strategy to grow through a combination of organic means and acquisitions.

The Lloyds Bank team in Glasgow previously supported iomart Group, one of the UK's leading cloud computing and managed hosting companies, in 2010 by providing it with a £10 million acquisition facility. iomart Group has subsequently gone on to achieve strong year on year growth, acquiring Switch Media, EQSN and Global Gold in the last financial year.

Angus MacSween, CEO of iomart Group plc, said: "We're on the acquisition trail again this year as we continue our strategy for growth and this increased credit facility from Lloyds Banking Group will allow us to act quickly when the right opportunities arise.

"Lloyds Bank continues to be a very supportive corporate banking partner to iomart Group as we consolidate our leadership in the cloud computing and managed hosting market in the UK. We have enjoyed a strong start to 2012 and the financial backing we receive from Lloyds Bank will help ensure we continue to perform well for the rest of the year, and beyond."

Elaine Prentice, Relationship Director in Glasgow and the West for Lloyds Bank said: "This is the second such facility Lloyds Banking Group has provided iomart Group with in recent years and represents not only the latest development in the on-going relationship between Lloyds Bank and iomart Group, but also our commitment to backing the growth aspirations of Scottish businesses.

"iomart Group is a recognised industry leader and has great potential for further growth. The company has already demonstrated its ability to make successful and strategic acquisitions."

[pj 1] 17/7/2012 20:42

Has the info been posted today a disguised contract win???

''
Questionmark has more than 2,500 customers, with approximately 15,000 authoring systems installed with systems configured for more than 20 million participants. Clients are from a wide range of industries and the world of education. These include banking, manufacturing, insurance, accounting, health care, primary and secondary education institutions, colleges and universities.
A partial list of customers includes:
Corporate: JPMorgan Chase, Boeing, Lucent Technologies, Chevron USA, Citibank, Citicorp Services, Corning, Ernst & Young LLP, Federal Reserve Bank, John Wiley Publishers, Schlumberger, IBM, Lockheed-Sanders, Key Bank, Microsoft, Panama Canal Commission, U.S. Air Force, U.S. Navy, Global Knowledge Group Inc., Nova Chemicals, Hewlett Packard, Merrill Lynch, Rockwell Software, Ryder Systems Inc, Vitria Technology, THINQ, LearningPatterns.com, Learning Insights, HighJump Software, EMC Corporation and many more.
Education: Thomas Edison State College, Baylor University, Medical College of Georgia, Sinclair Community College, Kirkwood Community College, Staten Island Technical High School, University of Alabama, Virtual College of Texas, University of California, University of Michigan, Southwest Texas State University, University of Nebraska Medical Center, Glendale Community College, University of Texas, Creighton University, Alabama Southern Community College and many more.''

[ddav] 04/7/2012 13:44

(apology if posted previous)

[matt123d] 03/7/2012 08:28

A keen buyer this morning has pushed this within touching distance of that 153p all time high from 2005. Could see a decent move if it breaks.