Share Name Share Symbol Market Type Share ISIN Share Description
Iomart Group Plc LSE:IOM London Ordinary Share GB0004281639 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -15.00 -4.0% 360.00 189,249 15:00:42
Bid Price Offer Price High Price Low Price Open Price
360.00 360.50 366.50 360.00 365.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 112.58 16.78 12.50 28.8 393
Last Trade Time Trade Type Trade Size Trade Price Currency
15:00:42 AT 110 360.00 GBX

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Date Time Title Posts
24/9/202021:32Consolidation in the Datacenter sector1,970
20/7/201720:33Iomart with Charts & News47
07/6/201315:54Iomart - Consolidation in the domain name service sector.857
28/6/200621:13Iomega storage devices : thread for US company5

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Iomart Daily Update: Iomart Group Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker IOM. The last closing price for Iomart was 375p.
Iomart Group Plc has a 4 week average price of 314.50p and a 12 week average price of 313.50p.
The 1 year high share price is 409p while the 1 year low share price is currently 219.50p.
There are currently 109,222,004 shares in issue and the average daily traded volume is 147,698 shares. The market capitalisation of Iomart Group Plc is £393,199,214.40.
gargoyle2: FarHorizons, can I ask if you have some connection with the company? I assume you do, given that you haven't posted on ADVFN about any other company over the years. Agree with you that Angus has done a good job, although share price performance over the last 2 years hasn't been great. Agree with you too that any bid would need to be at a respectable premium (aren't they all?), but anything over 4 quid should do the trick for most shareholders imo/
rivaldo: Had a change of heart and sold. Finncap have reduced their estimates for this and next year to 18p and 19.2p EPS. It's trading on quite an expensive P/E, and there doesn't appear to be a catalyst for a re-rating for a while yet. There may be another acquisition, but you can't hold shares on that rather speculative basis. On the other hand, without a catalyst the share price may drift down to 300p-320p, which would offer better value. This was only an exploratory holding anyway, so I'll sit on the sidelines and wait for a while.
rivaldo: Tipped here by Andrew Hore: Https:// "Iomart (IOM) 331.5p Cloud computing and hosting services provider Iomart (LSE:IOM) has a strong track record in a growing sector. The group has shown it can grow organically and via acquisitions. Iomart offers managed hosting, consultancy, business continuity, colocation, security and cloud computing services. It owns its own network infrastructure, including data centres. Recurring revenues are more than 90% of turnover and there is only a small exposure to the public sector. Revenues have doubled to more than £100 million in the past five years and the aim is to head towards £200 million revenues. Iomart generated more than £30 million of cash from operations, but spent more than that on capex and acquisitions, plus dividends. Net debt was £39.2 million at the end of March 2019 and that could fall to nearer £30 million by next March. The share price is barely changed from the start of the year. Pre-tax profit is forecast to improve to £27 million this year, putting the shares on 17 times prospective 2019-20 earnings with a forecast yield of 2.4%."
tim1478: One of my larger holdings. Difficult to value. With p/e 18ish and growth this year around 4-5% there is a case that it is overvalued ---- but it is in a sector of the market with high valuations, has good cash generation and good finances. The price is high on hope which if realised could see a good growth over the next few years as over the last ones. If however growth remains at 4-5% or less, I fear a de-rating and a significant fall in share price. Price is below the 200 day ma and on 50 ma. Support is 300ish. Any fall below that might suggest a loss of confidence in the market. I have had a stop loss at 295 for some time. Once I was in significant profit. -- perhaps I should have taken it!
1nf3rn0: I bought in here a couple of months ago as the share price started to recover, but I must admit I find the intra-day price swings quite surprising for a +£400m business, especially on what generally seems fairly low volume.
mfhmfh: bit of resistance around 390p...after that hopefully share price can push nicely into the 400s.
rivaldo: Very encouraging H1 trading update today - looks like IOM are experiencing an upwards change of pace and confidence. No wonder the share price is re-rating: Https:// "The Group has continued to perform strongly in the first half of the financial year. Trading in the six months ending 30 September 2018 has been in line with management expectations, with both revenue and trading profits expected to be well ahead of the comparative period last year, including the contribution from the acquisitions made in the previous financial year..... ......"iomart's continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market. With a significant and sustainable market opportunity ahead of us, a growing sales pipeline and high levels of revenue visibility, we look to the second half of the year and beyond with confidence."
nurdin: Not complaining but why has the share price been so strong of late? A bid coming? Wouldnt surprise me at all to be honest.
soundbuy: Hmmmm........ Nowt here..........
soundbuy: Panmure (HT FT AV) While iomart’s share price is roughly where it was in 2013, it has since then doubled revenue and profits through a combination of organic growth and bolt-on acquisitions. Including potential future acquisitions (not in forecasts), we think it should maintain mid-teens growth in revenue and EBITDA consistent with the past few years making the shares attractively priced at 9.4x FY’18 EBITDA. This compares to other UK Technology midcaps at 16.0x on the same expectation of 15% EBITDA growth p.a. We initiate with a buy rating and price target of 430p.  Competitive threats overblown: Our checks in the industry confirm that iomart has an established role to play in the cloud computing market segment, which has recently been dominated by hyperscale public cloud vendors Amazon (AWS), Microsoft (Azure) and Google (GCP). This is echoed by public cloud provider’s offerings in the marketplace which are more tailored to larger companies.  Share price roughly the same despite the company doubling in size: Despite the share price being only slightly higher than it was four years ago, iomart has doubled revenue and profits (both pre-and-post tax) and seems to have settled into a consistent level of high single digit organic growth, complemented by acquisitions.  High quality revenue and a potential acquisition target: While we think iomart could grow faster if it wanted to, it only takes business where it can add the most value which thereby keeps its margins high. Now that the company is tipping the £100m mark in revenue, we think it could become more attractive to a private equity buyer.  Increasing asset efficiency and cash generation: Since FY’14A, the amount of capex it spends has been decreasing as a portion of revenue as it gets more out of its datacentre assets with a focus on higher quality revenue and has also produced increases in free cash flow.  Compelling valuation: With 90%+ recurring revenue, c40% EBITDA margins, expected growth in the mid-teens, a 7.5% maintenance FCF yield and a 2.0% dividend yield we think iomart's shares are attractively valued at 9.4x EBITDA. Our initial price target of 430p equates to 12x FY’18 EV/EBITDA and is supported by discounted cash flow analysis and a comparable company analysis. Our valuation does not include the value of potential future acquisitions and we therefore feel it is conservative.
Iomart share price data is direct from the London Stock Exchange
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