Willow67
27 Feb 2018
Shares undervalued I topped up again. There's been a post interims retracement and the news flow is only going to be good in the coming months. I think we'll see mid 120's in not too distant future.
gretel
19 Feb 2018
New contract win today New contract win today in Saudi Arabia:[link] "Saudi Ground Services Company choose Ideagen to improve safety, quality & security management 19 February 2018 SGS will implement Ideagenfs Q-Pulse software across 27 locations in the Kingdom of Saudi Arabia Saudi Ground Services Company (SGS) ðj, the leading ground handling services company in Saudi Arabia, is enhancing safety, quality and security management across the Kingdom using software from Ideagen. Ideagen Q-Pulse has replaced a series of manual and paper systems currently in use by SGS to maintain compliance to internal standards and certifications. Q-Pulse will become SGSf electronic centralised management system, helping 27 SGS locations in the Kingdom to streamline document creation and control, audit management and provide functionality for non-conformance, deviation and analysis. etc"
Willow67
29 Jan 2018
Re: Tipped in Mail on Sunday Horrible journalism, lovely exposure!! Thanks for all the informative posts
gretel
28 Jan 2018
Tipped in Mail on Sunday This should attract some interest this week....[link] SHARE TIPS UPDATE: Ideagen, the clever software firm that safeguards fighter jets, trains and hospitals, is flying highJoanne Hart, Financial Mail on SundayPublished: 22:39, 27 January 2018 | Updated: 22:39, 27 January 2018Broken fences can be a frustration for farmers, trying to keep livestock from straying. But they are a serious problem for the railways too, as wandering sheep or cattle substantially increase the risk of train derailment.Nottingham-based software business Ideagen helps to reduce that risk with a neat little product that allows anyone working on the railways – from train drivers to station managers – to report incidents when they spot them. Around 70,000 people employed in and around the UK rail network can log these incidents on mobile phones or laptops. The information is sent to a central site and handled accordingly. Clever ideas like this have helped Ideagen to more than triple in size since Midas first recommended the firm in 2014. Then, shares were 33p, turnover was £9 million and profit was £2.6 million. Today, the shares are 118½p and brokers expect turnover of £36 million and profit of £9.7 million for the year to this April. Chief executive David Hornsby has transformed the business since taking up his post in 2009 and is highly optimistic about the future, confident that sales and profits can double over the next three years. If all goes according to plan, the shares should continue to deliver for investors. The rail industry is a significant customer for Ideagen but the business works with clients in sectors from aerospace to food and drink to banking. In each case, the company’s software helps firms to manage risk, comply with regulations and improve the way employees work. Airlines such as British Airways and Ryanair use Ideagen to enhance safety procedures, while BAE Systems uses Ideagen’s software to ensure Typhoon fighter jets are fit to fly. Ideagen also works with 125 of the 165 NHS Acute Trusts, helping to digitalise their mountains of paperwork. Once, this was a lucrative contract but shortage of cash has slowed business down considerably, even though moving paperwork online would have a huge long-term effect on productivity. To reduce his reliance on Britain, Hornsby is increasing Ideagen’s international presence so 70 per cent of new contracts come from outside the UK, primarily from the US but also Europe and Asia. The European Central Bank, for example, uses Ideagen software to help compile internal audits. Interim results last week showed strong growth, with half-year profits to October 31 up 56 per cent to £4.1 million. The dividend rose 15 per cent year-on-year to 0.078p and a full-year payout of 0.2p is pencilled in – a small figure as most of Ideagen’s spare cash is reinvested in the business. Midas verdict: Ideagen has performed well over the past four years but the shares have further to go. At 118½p, the stock is a strong hold. New investors may also be tempted to grab a few shares."
researchassist
28 Jan 2018
Re: Tipped as buy in investors chronicle The article focussed on a 122% increase in recurring business and that the company has stopped bidding for low margin work with the nhs to focus on the more lucrative grc business, subscription based. The potential for growth for the next 5 years is very high, acquisitions and further recurring business. I expect further upgrades from brokers this year.
Willow67
26 Jan 2018
Re: Tipped as buy in investors chronicle I haven't seen that article but I wouldn't think there is too much juice left in this re-rating and for me current fair value is 120-125 area. The current Finncap 2019 eps forecast of 4.6p puts them on a 1 yr PER of around 25. Thats only a 10% eps rise on 2018 however so I would expect earnings for 2019 of more like 5p, x a 23-25 multiple should put them in the 115-125 range. Meaningful acquisitions will change those calculations unless they are particularly diluting.
researchassist
26 Jan 2018
Tipped as buy in investors chronicle Very positive write up in Investors Chronicle. Strong growth prospects and undervalued.
gretel
26 Jan 2018
Re: Terriifc interim results today Yep, and still rising with more new highs now. Plus good coverage in the local rag:[link] growth for Notts tech firm after winning clients including the US NavyThe company also makes software for the likes of British Airways, Heineken and ShellThe US Navy and Siemens were among the new clients for a Nottinghamshire software developer that expects to record its ninth year of successive growth.In its unaudited interim results, Ideagen recorded revenue increases of 43 percent to £17.2m in the six months to October 31, 2017, after growing both organically and acquisitions.Sales for its “software as a service” (SaaS) model – in which clients subscribe to its cloud-based programmes, which are managed by Ideagen’s team – have grown by 122 percent to £3.9m.Recurring revenues increased by 60 percent to £10.8m – and now represent 63 percent of the total turnover – while new bookings also climbed by 78 percent to £6.1m after winning more subscribers.etc"
Willow67
24 Jan 2018
Re: Terriifc interim results today Lovely to see the stock smashing through to new highs today. I was surprised not to see this yesterday.
Willow67
23 Jan 2018
Re: Terriifc interim results today Its good to see they have taken decisive action to focus away from the NHS where the margins are skinny towards increasingly international GRC business where the contracts can be bigger and higher margin. They have made it as clear as they possibly can that acquisitions are extremely likely so it will be really interesting to see how this plays out and the bite size they go for. I guess the really bold move would be buying something in the U.S. in one of their already strong verticals which could help them accelerate their overseas expansion.
gretel
23 Jan 2018
Finncap raise target price to 120p Finncap have increased their target price to 120p (from 108p):[link]
Prezza
23 Jan 2018
Re: Terriifc interim results today Agree, stunning results Post- Interims now justify and reduce the high P/E , still a tiddler but a hungry one. Thanks for your intrepid posts.Prezza
gretel
23 Jan 2018
Terriifc interim results today [link] impressive - loving the high recurring income at 63% of revenues, plus the increase in international sales.Note also the CEO's comments about further acquisitions being likely and the long-term confidence in IDEA's markets:"The Group continues to be committed to a 'buy and build' strategy and is in discussion with a number of potential acquisition targets which the Board believe would enhance the Group and support our ongoing growth strategy.Current Trading & OutlookThe market for GRC management solutions remains fragmented and the drivers are long term and highly strategic. Trading continues to remain robust while a healthy pipeline reinforces confidence in our forecasts. We have been aware of the economic and political conditions in the UK for some time and the Group has responded by developing a strong and growing presence in a number of global markets. Our success in winning new business together with our increasing levels of recurring revenue and repeat business from our 3,000 strong customer base, provides us with confidence in the future prospects of the Group."Here's the main financial highlights:"Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, announces its unaudited interim results for the six months ended 31 October 2017. Financial Highlights · Revenue increased by 43% to £17.2 million (2016: £12.0 million) o Underlying organic revenue growth of 13% o New bookings increased by 78% to £10.8m (2016 : £6.1m) · Recurring revenues increased by 60% to £10.8 million (2016 : £6.7 million) · SaaS revenues increased by 122% to £3.9m (2016 : £1.7m) · Recurring revenues represent 63% of total revenue (2016: 56%) · Adjusted diluted EPS** increased by 38% to 1.73p (2016: 1.25p) · Adjusted EBITDA* increased by 52% to £4.7 million (2016: £3.1 million) · Adjusted PBT** increased by 56% to £4.1 million (2016: £2.6 million) · Cash generated by operations of £3.7 million (2016: £3.0 million) before a payment to HMRC of £0.8 million received from option holders in the prior year for taxes on options exercised · Net cash of £5.9 million (30 April 2017: £4.2 million; 31 October 2016: £4.8 million) · 15% increase in interim dividend to 0.078p (2016: 0.068p) *Before share based payments and exceptional items **Before share based payments, amortisation of acquisition intangibles and exceptional items Operational Highlights · Robust growth across all GRC product areas · Acquisitions made in 2016-17 fully integrated and meeting expectations · Strong momentum in sales in the USA, Europe and Asia-Pacific Regions · 112 new logo customer wins - 70% outside of the UK · Further progress within cloud business o 66 new logo SaaS customer wins o Wins include Boston Scientific, Dun and Bradstreet, Roche and RATP Group · 46 new logo on premise customer wins including Verizon, Hiscox, Siemens and US Navy · Strong customer retention - 96% maintenance and support contract renewal rate · Significant new business from the existing customer base including BAE, Danone and BDO · Expansion of Malaysian and Bulgarian R&D resources David Hornsby, CEO of Ideagen, commented: "We are delighted to report on another strong performance from the Group across all of our vertical markets and geographies during the first half of the year. The Group has achieved growth both organically and from the acquisitions made in the previous year as we continue to execute against our proven strategy. We are particularly pleased with the strong growth in our SaaS revenues and our sales execution and momentum in the USA, Europe and Asia-Pacific regions. Current trading remains robust and in line with management expectations. The Board remain confident in the outlook for this year and beyond."
gretel
16 Jan 2018
New contract win New contract win - Transavia are part of Air France KLM, so perhaps more wins to come in the rest of that Group:[link] Airlines extends Q-Pulse safety system for risk and flight data monitoring15 January 2018 The Dutch airline’s software upgrade to the latest version of Ideagen’s Q-Pulse system will simplify reporting to ECCAIRS Transavia Airlines, the Dutch low cost airline, is to expand its software system from Ideagen in a move that will enhance risk management and flight safety reporting.The airline, which has been in operation for over 50 years, will upgrade its Q-Pulse system, adding Ideagen’s Q-Pulse Risk while integrating with Aerobyte’s Flight Data Monitoring (FDM) system.The software upgrade will allow Transavia crew to easily complete and submit safety reports, such as ECCAIRS, required for Transavia’s European legislation requirements including those of the European Aviation Safety Agency (EASA).The addition of risk and FDM will boost Transavia’s risk visibility, allowing them to quickly spot potential weakness through the BowTie methodology for risk management. FDM integration will enable safety staff to assess individual flights, providing increased visibility of operational and safety data.Maikel van den Ham, Safety Engineer at Transavia Airlines, said: “With this software upgrade, and the additions of Q-Pulse Risk and FDM integration, we will be provided with a better view of what is happening in terms of safety and risk management within the airline.“gaining as much data as possible from across the business, including from each flight thanks to the FDM addition, we will be able to spot and act earlier on any trends that emerge.”Maikel added: “making the ECCAIRS reporting process simpler, we will be able to meet the requirements of EASA and our national legislator more easily.”Transavia Airlines has been operating for over 50 years having been established in 1965. Launched in the Netherlands, the airline also has a base in France and also flies from more than 20 countries in Europe and the Mediterranean. The airline is currently part of the AIR FRANCE KLM Group, the largest aviation group in Europe.Ideagen is the leading global provider of aviation safety management and reporting solutions. Currently, more than 300 aviation organisations – including over 100 airlines – use its products and services globally.Clients in the aviation space include the likes of Emirates, Ryanair, flybe, Brussels Airlines, Air Asia and Spirit Airlines as well as the International Airlines Group - owners of British Airways, Vueling, Iberia and Aer Lingus."
Willow67
16 Jan 2018
Re: New contract win yesterday Topped up quite significantly at 102.5 ahead of what I hope will be fantastic results
