gretel
17 May 2017
Excellent year end trading statement Revenues are ahead of expectations, and the £4.2m cash pile is also nicely ahead of expectations. EBITDA is spot on, and EPS is likely to be the similarly spot on, showing a "significant increase":[link] company, and a lovely, confident outlook statement:"David Hornsby, Chief Executive, commented: "We are pleased to report that the Group has continued to perform well in delivering another year of high quality earnings growth underpinned by strong cash generation. We have also made four important acquisitions which have provided scale, product capability and recurring revenues. We continue to grow organically and to increase the percentage of our revenues derived from recurring business. The Group has significant contracted work in progress and a strong pipeline of new business opportunities which provides the Board with confidence for the current year and beyond."
gretel
16 May 2017
Another new contract win Good to see IDEA continuing to win work overseas:[link] particularly healthy to see the share price rising on large volumes yesterday and today - bodes well.
Prezza
16 May 2017
Re: Next news It would seem to have been an exercise in protecting liquidity levels , nothing sinister , the break out confirmed this morning , will be interesting to see how far it runs.
Willow67
15 May 2017
Re: Next news We could theorise until the cows come home, but I am still intrigued as to why the company chose to dilute the equity by 7.5% to buy PleaseTech when it had £5m of cash on the b/s and absolutely no debt. All I can assume is the board want to clean their firepower ready for something bigger in the £30-50m area perhaps.
Prezza
15 May 2017
Re: Next news This is my largest holding having added twice of late , this now represents a breakout from the 88-90 range which will be sustained once results are known.
Willow67
15 May 2017
Re: Next news Sudden pop in the shares. Something afoot? Leaked results?
Willow67
11 May 2017
Next news I guess we are due the pre-close update now anytime. Last year was 18/5. As well as great results for this year I am hoping for some emphasis on all the contracts they have been winning recently which will hit y/e 2018's numbers, which will I hope lead to some forward earnings upgrades. I am now VERY long the stock so healthily nervous of nasty surprises!
Willow67
02 May 2017
Re: Yet another new contract win..... My bad, I missed something. The CEO owns £7.6m of shares in the company and his last trade was to add £600k a month ago. Some CEO's are deluded but I don't believe Hornsby is and this is a pretty significant vote of confidence in the company. I'll stop now!
gretel
28 Apr 2017
Yet another new contract win..... The news flow from this company is ridiculously good - now we have Ryanair on board[link] adopts Ideagen Coruson as new safety and security management system28 April 2017Ryanair is Europe's number one airline, carrying 130 million customers per year on more than 1,800 flightsRyanair, Europe’s No 1 airline, has implemented a new safety and security management system developed by software firm Ideagen.Ideagen Coruson, a cloud-based software product, has been rolled out across Ryanair’s operations to further enhance their safety reporting and risk identification processes and to assist the airline in managing regulatory compliance. etc"
gretel
25 Apr 2017
And another new contract win... This is getting ridiculous. It's looking like being another rather good year for IDEA. The new one's in the rail sector:[link] like this in particular as it should bring in further work from the rail industry:"Coruson, developed by software firm Ideagen, will also provide a direct link to a Safety Management Intelligence System (SMIS) database – a new nationwide safety reporting system for the rail industry rolled out by RSSB, the UK rail safety standards board."
gretel
24 Apr 2017
....and another contract win! This one's a biggie - Impellam are "the second largest staffing business in the UK and sixth largest managed services provider worldwide":[link] Group chooses Ideagen Pentana to transform global risk and audit management21 April 2017The Impellam Group plc, a leading provider of managed services and specialist staffing expertise, is to overhaul its global risk and audit management operations by working with software firm Ideagen.The company, which is the second largest staffing business in the UK and sixth largest managed services provider worldwide, is implementing Ideagen Pentana to modernise processes around risk and audit within its global Legal and IT departments.Pentana will enable Impellam management to electronically manage corporate and brand specific risk logs to assess performance and improvement opportunities, while the organisation’s IT department will manage risks directly linked to business infrastructure.From an audit perspective, Pentana will act as a central repository for all processes linked to their ISO 9001 and 27001 requirements.Paul Lucas, Head of IT Governance who is leading on the Pentana project, said: “We are delighted to be implementing the Pentana software from Ideagen and I am excited by the prospects this project will bring to the Group.“From a risk management perspective, every brand and every key function will be monitored within the system, with relevant emerging risks being easily elevated to corporate level when appropriate. This will all be done electronically, where previously it was very much a manual process. Pentana will then allow us to create detailed risk reports not only improving oversight of risks to the business for our internal audit committee, but increasing visibility at a corporate level also.”Paul continued: “In terms of auditing, Pentana will bring a whole host of benefits linked to our ISO requirements which will help us continually monitor and improve on business performance and information security. It will provide us with a broader footprint of controls and complete the auditing circle – with corrective actions raised from audits being fed through the system.”Impellam Group consists of 20 market-leading staffing brands including Blue Arrow, Guidant Group and Medacs Global Group. Currently, the organisation has over 3,400 staff across 182 locations worldwide.Paul added: “One of the main goals of this project is to standardise processes and increase awareness of any risks that our business and brands face around the world.“Pentana will cut out layers of inefficiency and help us to achieve those goals more quickly.”
gretel
21 Apr 2017
Another new contract win This time for internal audit (Willow67, agreed completely re the US contract win. It may not be material financially in itself, but once you get a foothold in the US local authority market the potential is surely huge as one local authority recommends the system to its fellow local authorities and so on....at least, that's the way it works in the UK) :[link] Reliance S.A selects Ideagen Pentana to digitise internal auditing operations19 April 2017European Reliance S.A, a comprehensive insurance company active in all modern sectors, is to roll out a new internal auditing system developed by software firm Ideagen.Ideagen Pentana, Ideagen’s audit automation application, will help Greek-based European Reliance S.A to digitise its entire internal auditing operations and better equip the company to face future challenges and potential growth.As part of the project, the Pentana system will allow European Reliance S.A’s internal auditing team to electronically plan and complete audits, assess inherent risks, identify any deficiencies in the company's operations and facilitate their remediation efficiently.Stilianos Malamos (pictured right), Internal Audit Director for European Reliance S.A, said Pentana would provide significant savings, particularly in relation to audit report creation, and assist in the dynamic monitoring of all company risks and controls and the overall governance efforts.He added: “Ideagen Pentana will not only provide us with strategic business benefits but also day-to-day improvements – particularly in relation to the creation of our audit reports for senior management.“If we take into consideration that approximately 25% of our time is spent on writing reports, then the capability of Pentana to produce them automatically using our data in the system, means it will be an extremely useful piece of software for us.”Stilianos added: "This is not the only benefit we expect to see from the software. We will be using Pentana in all phases of our internal audit operations starting from annual internal audit planning to identifying and managing various risks and inherent risks to the business. Strategically, this will give us a viewpoint of what we should expect to see performance-wise in the next year or two.”European Reliance S.A provides a wide range of insurance coverages for individuals and companies through its creation of “specially designed, innovative andflexible insurance programs".The company employs over 5,000 staff and insurance agents and has plans to expand further within Greece in the following years to significantly develop their operations.Stilianos added: "We have already had discussions with other areas of the business around the capabilities of the Pentana system. We have also had detailed discussions with upper management and, everybody is excited by the prospects of using the Pentana system.“European Reliance is a company with many departments and processes and as a result it is difficult to have a dynamic and holistic viewpoint of the various risk elements. Pentana will centralise all information and enable us to connect and unify operations from various departments efficiently for the benefit of the business.”"
Willow67
20 Apr 2017
Re: New contract win in Chicago Thanks Gretel. Super interesting announcement in showing that Ideagen has the reach to transact at this level in the U.S. Clearly a tiny transaction on its own but I would imagine it is credibility-building and very scalable. Hope to see many, many more U.S. deals come through and in time some large ones
gretel
20 Apr 2017
New contract win in Chicago from a local authprity:[link] of Niles, the local authority which oversees the running of the village’s government and businesses, is to implement a software application from Ideagen to monitor departmental performance and improvement.Ideagen Covalent, Ideagen’s cloud-based performance and risk management software, will also enable the Illinois-based authority to assess itself against national benchmarking and neighbouring municipalities.The software was chosen to replace Village of Niles’ manual system which had been in place to collate data as part of its performance measurement programme, launched in 2013.Hadley Skeffington-Vos, Assistant Village Manager at Village of Niles, said Covalent will bring with it a host of analytical benefits for the authority.She said: “We started a performance measurement programme in 2013. It was a directive of the mayor of the village who had worked for an organisation that carried out that type of work.“Covalent will be implemented to modernise and digitise that programme. Being able to compare each department’s performance against each other via Covalent is going to be a huge factor. To be able to do that automatically and assess costs, percentages etc is excellent. It will help reduce errors and at the same time significantly increase accuracy.”Village of Niles is a suburb of Chicago with around 30,000 residents. The village is made up of a large business population including a diverse community. The governing body is responsible for operating and maintaining the day-to-day running of the village including family services and regular police, fire and public works.Hadley added: “Covalent will be our central system for performance and project management. We have a 2030 comprehensive plan and this plan is a set of goals and objectives to accomplish before 2030. It’s part of a larger vision that was set out and we will have data related to that uploaded and managed in Covalent to show progress towards those goals and objectives.”She continued: “Eventually we’d like to compare ourselves against other municipalities but right now we are just comparing ourselves over time and against any national benchmarking. For example, our fire department has a lot of national standards, the police department has some national standards and so we will compare against those. This lets us see the progress we are making as an organisation over time or to find areas that require extra attention or needs improvement. It will also highlight different ways in which departments can collaborate."We are really excited by this project and are looking forward to seeing some real benefit."
Willow67
12 Apr 2017
More new highs Impressive share price performance into their 30/4 year-end. I would imagine the shares will be generally well-supported until the pre-close update we'll get in mid May in anticipation of positive news. I will be looking to sell and re-buy lower if the shares approach 100p in the near term however.
