Iomart Share Discussion Threads

[nurdin] 07/11/2013 13:16

Hi Tom...from REFs. Consensus eps estimate of 10.3p with growth compared to last year of 49.5%.Fincap are forecasting eps of 12.1p

[tomrob] 07/11/2013 13:10

Hi Nurdin,

Could you let me know whose forecast are you using for 2014 earnings to calculate that 0.5 PEG and what is it?

[nurdin] 07/11/2013 11:56

Creeping up nicely now.Still very cheap on 2014 PEG of 0.5ish !

[hydrus] 30/10/2013 11:35

What is disappointing? Seem to have bought two good businesses that compliment the business model at a combined PE of less than 6. I'd be interested to hear the reasons behind any short. Profitable, cash generative, growing business, extremely well respected management with many industry awards under their belt in a growing sector. Also the froth has now gone out of the share price so really can't see any obvious signs for a short. This is a buy and hold in my view. No fireworks expected but this time next year I expect this to be a fair bit higher.

[kendonagasaki] 30/10/2013 00:24

Jarbie. I too am rather disappointed with the current status quo.Have sold out for now and IMO I feel we still have to wait as it seems that not all the dust has settled yet.Disappointed by the management agenda as of present.May buy back in if news front starts to put out mature rns's, until then I'm a watcher, if not I may well decide to short this if clarity is not forthcoming?

[jarbie] 29/10/2013 17:17

The placing seems to have had a negative impact on the share price
where will it settle ? October was positive in the past

[gerri-c] 22/10/2013 15:52

Looking good...

[r ball] 19/10/2013 11:25

Inflexion point???

[tomrob] 17/10/2013 16:39

Unlikely in the extreme if you ask me.

[dewtrader] 17/10/2013 16:27

Are these scots eyeing up CSFG which is soaring?

[mngf] 11/10/2013 13:57

Nothing wrong with a bit of profit taking by management I think

[kendonagasaki] 10/10/2013 22:32

Disappointed with 4.2% of shareholding sold by IOM?

[mngf] 10/10/2013 20:11

Great opportunity to add more. Got some today at 264

[melody9999] 10/10/2013 14:12

Stops being hit at 250p I suspect. Was not watching the markets to catch the bottom, but added at 258p. The recent placing was done at 275p, so for once we buy lower than the Insts.

[hydrus] 10/10/2013 13:45

What an opportunity to add.......superb company.

[itchycrack] 10/10/2013 13:35

Don't think anything in particular is going on here, volume is pretty light, probably some tip to take profits or something similar. I did a couple of weeks ago after more than doubling, just sensible risk management. Either that or its just a tree shake to allow a larger II in at a reasonable quantity.

[wjccghcc] 10/10/2013 13:33

Added at 248p. Looks like indigestion from the directors' share sales.

[nurdin] 10/10/2013 13:30

Amazing...whats going on I wonder

[gorilla36] 10/10/2013 13:23

Don't you just love it when a compnay loses 10% of its value in an hour.

[2flatpack] 02/10/2013 14:06

Directors placings

Is this an invitation to a takeover.
To me it is saying we are interested.
Just an idea I have nothing to base it on
other than the sale and history.

[shanklin] 02/10/2013 11:16

FWLIW, I just heard back from IOM and the numbers in yesterday's RNS are correct.

A number of differences between the investment needs and potential of the two recent acquisitions explain the price difference.

[nermil] 02/10/2013 02:37

The chances would be astronomically high. Sounds like someone screwed up. Hopefully it will be corrected tomorrow or I would have to also ask why one firm is so much more valuable than the other.

[tomrob] 01/10/2013 17:40

Shanklin, the numbers for BTL don't sound too wrong to me but that would be a remarkable co-incidence. Good spot. If both sets of figures are right then it begs the question why is one EBITDA of £2.4m worth £8.1m and another worth £23m.

Interesting comparison to the failed acquisition-grown 2e2 in the last part of this article.

hxxp://www.computerworlduk.com/news/it-business/3471379/iomart-continues-acquisition-spree-with-23-million-buyout-of-cloud-backup-firm/

Avoiding 2e2 acquisition 'pitfalls'

The acquisition is the second in recent months, also buying out managed service provider rival Redstation, in an £8 million deal. The company has also bought other firms this year including Melbourne Service Hosting, Internet Engineering and Skymarket, while past deals have included rival hosting company Titan.

As a result of the acquisition iomart Group now hosts a total of 20,000 servers across the UK, with 10 data centres servicing a variety of sectors across the UK.

According to TechMarketView analyst Kate Hanaghan, making multiple acquisitions in the cloud and managed services market has its 'pitfalls', as evidenced by the failure of 2e2. The service provider went bankrupt earlier this year after spending £200 million on a string of acquisitions over a number of years including Morse, Netstore and Compel.

However Hanaghan said that iomart has been careful to spend its cash on companies that can operate and generate revenue independently, with less work to do around technical integration.

"The failure of 2e2 has made the infrastructure services industry and market hypersensitive towards the possible pitfalls of multiple acquisitions," Hanaghan said. "iomart's approach is to avoid buying firms that will cause an integration 'headache'.

"Indeed, being able to move at pace to acquire and integrate in fairly quick succession is critical in the cloud and hosting markets. This is because competition for the best firms is increasing (we know iomart wasn't the only party interested in BTL)."

[shanklin] 01/10/2013 15:56

Quote a coincidence that the last two acquisitions had the same turnover and EBITDA over the most recent 12 month reporting period. Presumably the numbers for today's acquisition are incorrect?

[gerri-c] 01/10/2013 15:20

Two clips:
... Based in Leeds, BTL boasts an impressive customer portfolio of 200 enterprise clients including Siemens, British Red Cross, Lloyds Register, Suzuki and Pernod Ricard as well as Liverpool and Everton football clubs. Established in 2005, BTL protects many Petabytes of data for global organisations. ...

and

...Angus MacSween, CEO of iomart Group plc, said: "We are delighted to welcome BTL to the Group as they have achieved ground breaking progress in the delivery of cloud backup and disaster recovery and have been on our radar for some time. BTL gives iomart a solid and well-established platform to grow further from, with a very good enterprise customer base and little crossover from the existing Group base. It's a very good strategic fit, complementing our portfolio of existing products."

The cash consideration for BTL has been financed by a £35m debt package from Bank of Scotland made up of a £15m Term Loan and £20m Revolving Credit Facility.

Richard McKay, Relationship Director Bank of Scotland Commercial Glasgow said: "We are delighted to continue our support of iomart's growth, further enhancing its market leading position in cloud computing services. iomart is one of Scotland's fastest growing businesses and these facilities will not only finance this purchase but also provide capacity to enable iomart to deliver further strategic acquisitions going forward."...