Willow67
07 Dec 2016
Re-rating Looks like the shares are having one of those re-rating spikes.....I wouldn't imagine this has too much further to run but it's great to see. Looking at the forecasts, I suspect 3.1p for full year to 30/4/17 is conservative given it only implies 11% growth. The half year update has already said organic growth was 16%, suggesting full year eps of at least 3.22p and then Covalent will shortly be adding another 0.25p....it is easy to see full year 2017 at 3.2-3.3p and 2018 at 3.8p, quite a fair way ahead of current forecasts. Give that an 18-20 multiple and the shares should be justified to be up at or above 70p. £1 in 3 years time, Hornsby's stated goal, feels very realistic.
gretel
30 Nov 2016
New Telefonica contract win Excellent contract news - Telefonica are a big new name to shout about:[link] UK Property and ISS choose Ideagen’s Enlighten system to manage governance, risk and compliance28 November 2016Telefonica UK, a leading digital and communications company, and ISS, the leading global facilities management service provider, is to work with software firm Ideagen to improve governance, risk and compliance operations across the O2 estate. Ideagen Enlighten, Ideagen’s cloud-based GRC application, is to be implemented and rolled out to bring several operational improvements to Telefonica UK’s Property department.The software will provide one source of truth for the management of controlled documentation, improve visibility of audit scheduling and automate action management and escalation. Enlighten will also enhance levels of reporting and increase accessibility for Telefonica’s mobile workforce.Darren Bryanton, Telefonica’s National FM Operations Manager, said: “We regularly participate in audits to assist Telefonica UK in retaining an impressive portfolio of certifications and standards which are essential in demonstrating world class service to our customers. Enlighten will manage audits and document control for the department.”Suzanne Burge, ISS Quality and Assurance Manager, added: “After a thorough review of the market, we selected Enlighten due its scalability, accessibility and ease of use. We wanted a product that we could design ourselves to fit the needs of the business - not just now but in the future.”Tim Blackburne, ISS Account Director, said: “Telefonica UK’s high standards of operational compliance and audit success rely on clear governance, audit readiness and document management. Ideagen Enlighten gives us this.”And Andrew Neish, Telefonica Head of Property, added: “Both Ideagen and Telefonica UK share the same vision of how innovation can drive improvement in business and this opportunity to provide a game changing and transformational system is one that we are very excited about.”Ideagen is a supplier of Information Management software with operations in the UK, the United States and the Middle East. The company specialise in eGRC (Enterprise Governance, Risk and Compliance) and Healthcare solutions for organisations operating within highly regulated industries."
gretel
24 Nov 2016
RNS : Liontrust still buying more - above 11% now with 20,14m shares:[link]
Willow67
23 Nov 2016
Re: Excellent trading update today I must admit i topped up a little this morning. I think the shares are in a (very roughly) 50-70p channel and I hope to see a move up in the next 3-6 months. I don't think we will see 50p again and if we do I will buy more.
valuemanbuyer
23 Nov 2016
Re: Excellent trading update today Think you make a good point Willow. The beauty of this business is regulation/ companies have to embrace it with the correct systems and IDEA are leaders. I'm waiting a drop to nearer 50p to top up but it may be in vain. As you point out we could well be looking at far higher levels when continued improvement in earnings are released. As sales get nearer to £50m they start to be attractive to larger players.
Willow67
23 Nov 2016
Re: Excellent trading update today 2016 was always likely to be year when the shares marked time after the strong run up from 50 > 60 at the end of 2015. The recent trading update was one of the strongest worded updates I have seen from Hornsby in the 4 years I have been following the company. To me, patience will be rewarded here and we will look back in a few years when the company has EPS of 5p and a share price approaching 100p and appreciate the shares were very good value today. They never look cheap on a PER or PEG basis, but every time I look at the company I see a crystal clear strategy being well executed, nice cash generation, no debt, a diversifying business (away from pure NHS to other regulated business sectors), a long term growth opportunity, high recurring revenues and a nice combination of organic growth and niche acquisition opportunities. The ability of Hornsby to keep these acquisitions coming will determine how fast the company grows but he has done a great job so far. I don't see any reason why 2017 won't see the shares into the mid-high 60's. I wish I could identify more companies like this!!!
gretel
21 Nov 2016
Finncap reiterate their 69p target today:[link]
gretel
17 Nov 2016
RNS : Liontrust increase their holding Liontrust continue to buy and are now up to 19.876m shares:[link] : their holding is now just less than 11% due to option exercises, despite the additional buying.
gretel
16 Nov 2016
New Q-Pulse roll-out News:[link] "Whyte and Mackay work with Ideagen to boost quality, safety and compliance within its bottling operation15 November 2016Whyte and Mackay, the global drinks brand company, is working with leading software vendor Ideagen to improve quality, safety and compliance management at its bottling operations.Ideagen's Q-Pulse software has been rolled out across Whyte and Mackay's plant in Grangemouth, Scotland, to improve document and audit management and ease compliance with standards such as BRC. Q-Pulse, an electronic quality management system, has replaced a series of paper based processes helping the organisation improve all aspects of its operations, including enhancing levels of safety reporting..... ....Ideagen's Q-Pulse is used by over 2,200 organisations globally including some of the biggest names in the Manufacturing, Aviation, Rail, Energy and Life Science industries. Rob Shillaker, Head of Client Management at Ideagen, said: "We are delighted to be working with such a globally recognisable company; helping them improve quality and safety in what is a key area of its business. "We are looking forward to working with them in years to come and achieving further success across their operations."
gretel
10 Nov 2016
Finncap Buy note extracts From elsewhere, FinnCap indicate:"...revenue and EBITDA showing significant improvements over 1H16 through the successful combination of organic and acquired growth.Organic growth of 16% is in line with total FY17 revenue growth expectations (also 16%) and the integration of Covalent is now complete, with an increased contribution expected in 2H17.Cash generation has been strong in 1H17, with 31 October cash of £4.8m demonstrating free cash flow of c£2.3m, compared with free cash flow of £0.04m in 1H16 and £2.8m for the whole of FY16 – a significant improvement. Forecasts unchanged and well on track for delivery"The broker reiterates a 69p target."
gretel
08 Nov 2016
Tipped by Motley Fool IDEA have just been tipped:[link] this small-cap tech stock be the next big thing?The Motley Fool Nov 7, 2016Small-cap tech company Ideagen(LSE: IDEA) this morning released a positive trading update. It shows that the information management software supplier has made good progress in the six months to 31 October. However, does it have what it takes to be the next big thing?Ideagen's sales and adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) are expected to show a significant increase versus the same period of last year. This is partly because of the acquisition of Covalent, but it is also due to organic growth. Ideagen's sales are expected to have risen by 16% on an organic basis, with a small contribution on top from Covalent following its acquisition in August.Considerable growth potentialIdeagen's cash generation during the period was strong and it maintains a sound balance sheet that contains no debt. The cash balance at the end of the period was £4.8m following the £3.8m payment for acquisitions and associated costs. The integration of Covalent is now complete and an increased contribution is expected in the second half of the year.In the long run, Ideagen has considerable growth potential. For example, its cloud-based Enlighten solution offers a major market opportunity which Ideagen should be able to capitalise on. In the near term, its bottom line is due to rise by 12% in the current year and by a further 13% next year. Despite this upbeat outlook, Ideagen trades on a price-to-earnings growth (PEG) ratio of only 1.2. This indicates that it offers a wide margin of safety should its performance fail to meet guidance. It also means that Ideagen's capital gain potential is high."
gretel
07 Nov 2016
Excellent trading update today An excellent H1 trading update - "strong" trading is very encouraging, with "a significant increase over the same period last year" in revenues and EBITDA.It's also reassuring that IDEA can already state they expect to be in line with expectations for the full year. This rather indicates that their pipeline is full, and so any additional contract wins - or acquisitions from the cash pile - might take IDEA "ahead":[link] Hornsby, Chief Executive Officer of Ideagen, commented: "This has been a good start to the financial year. trong trading has been driven by demand across all key vertical markets and continued momentum with our cloud-based Enlighten solution. The market opportunity remains large and long term, and consequently, the Board is optimistic about the Group's continued growth prospects."
Willow67
01 Nov 2016
Buying opportunity? I am kinda hoping the current weakness takes us close to the bottom of the channel the shares have been in for 2-3 years. Somewhere around 49-50 would be a fantastic top-up opportunity.
gretel
13 Oct 2016
RNS : new contract wins [link] Contract Wins worth GBP1.2mIdeagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, is pleased to announce that over the past month it has been awarded three important contracts with new customers in key vertical markets worth a combined value of GBP1.2m.Two of the new contracts represent key customer wins in the aviation sector. Air Transat, a Canadian airline, and KLM, a Dutch airline, have selected Ideagen to implement vital risk-based compliance solutions to help drive operational excellence and enhance customer safety.Air Transat and KLM are the latest aviation customers to select Ideagen products. The Group now has approximately 300 aviation customers including over 100 regional and national airlines.In addition, Medway NHS Trust has selected Ideagen to provide a secure platform which will enable the Trust's laboratories to electronically communicate with GP practices thereby streamlining the clinical test process. It is intended that the system will drive operational efficiencies and further improve patient care.David Hornsby, CEO of Ideagen, commented: "We are delighted to have secured these new customer contracts which extend the use of our software within two key vertical markets. Today we have over 2,000 customers and many of these are within healthcare and aviation. These contracts demonstrate the opportunity to continue to grow both our key market sectors and the technical capability of our solutions."
gretel
30 Sep 2016
Johnson Matthey contract win! Wow - Johnson Matthey are a big fish to capture! Surprised it's not been RNS'd, but if not it must be pretty close in financial terms:[link] Matthey's Oil and Gas Division Work with Ideagen to Achieve Business Improvement for Its Global OperationsSeptember 29, 2016NOTTINGHAM, UK Johnson Matthey is working with software firm Ideagen to enhance business improvement across its global oil and gas operations.Enlighten, Ideagen's cloud-based GRC software product, will be implemented by Johnson Matthey, replacing a legacy system. Ideagen Enlighten will allow Johnson Matthey to efficiently measure objectives and KPIs across the business as well as manage all aspects of non-conformances and internal auditing. The software will also ensure a smooth transition to the latest version of the ISO 9001 standard. Gavin Chatto, quality officer at Johnson Matthey, said, "We are excited to be working with Ideagen and its Enlighten product which will allow us to better measure key performance indicators across the business. "With our current system, it is difficult to generate metrics that allow us to assess our performance as a business and also provide us with targets for overall business improvement. In adopting Ideagen Enlighten, it provides us with software which is simple to configure and electronically mirrors the way we work. The look and feel of the system is also key to encouraging user engagement, and in this respect we found Enlighten to be head and shoulders above the competition. "We will be using the system for all aspects of non-conformance reporting and subsequent corrective and preventive actions. The features of the system make it is easier for our staff to analyse performance data and continually improve as a business. We have a large audit program and, as we perform around 50 per year, Enlighten will play a key role in electronically scheduling, reporting and action tracking. This will create greater efficiency within the team and bring a clear benefit to the business." Achieving compliance with the latest version of ISO 9001, ISO 9001:2015, is an important milestone for Johnson Matthey. Chatto added, "Our goal is to drive technical innovation to bring significant benefits to our customers. With the new ISO 9001 standard, there is increased focus on measuring objectives for which Enlighten will be an important tool in helping us to achieve those objectives and ultimately benefit our customers. "Ideagen's Enlighten fits the bill both technically and from a user experience perspective. We are excited to commence implementation and roll-out across our global operations."
