jamesm
26 Feb 2019
Iomart Investor Video new video with CFO Scott Cunningham:
II Editor
30 Apr 2018
NEW ARTICLE: These AIM big boys are going cheap "AIM as a whole has come off its high for the year, and the same is true of the FTSE AIM UK 50 index of largest UK-based companies, which is around 5% below its best.Many of the constituents, such as LSE:FEVR:Fevertree Drinks and LSE:ASC:ASOS, are ..."[link]
gretel
20 Apr 2018
Another Buy tip from the IC today The IC have just today published their new AIM 100, the guide to the junior market. And in at no.52....[link] IomartAccording to market intelligence provider IDC, global spending on public cloud services and infrastructure is set to reach $160bn (£114bn) in 2018, a rise of 23 per cent on last year. Reassuring news - you’d think - for cloud computing companies everywhere, Iomart (IOM) among them.It’s rarely that simple, and Iomart must operate in a crowded market within which giants such as Amazon Web Services (AWS) compete. But in terms of public sector cloud hosting, the Aim company’s broker Shore Capital notes that AWS primarily handles very large contracts with knowledgeable customers, whereas Iomart’s skills and consultancy benefit medium-sized enterprises “without deep IT skills”. Clearly, there’s room for both markets. For Iomart, a historic combination of organic growth and well-integrated acquisitions points towards continued momentum.Encouragingly, a recent trading update for the group’s financial year to March stated that sales and adjusted pre-tax profits would meet consensus expectations – unsurprising given Iomart’s high levels of recurring revenue. At 365p, the shares trade at 20 times finnCap’s forecast adjusted EPS for FY2018, which we think offers reasonable value for a growing computing company with a healthy dividend yield. Buy."
gretel
06 Apr 2018
Tipped in this week's IC and the tip is also featured in the FT too today:[link] Iomart (IOM)Cloud computing group Iomart (IOM) expects to report revenue growth of about 9 per cent for its March 2018 year-end, in line with consensus forecasts writes Harriet Clarfelt. Expected adjusted pre-tax profit of £23.9m, up 7 per cent on 2017, also meet market estimates.Segmentally, cloud services won a £substantial£ amount of new business over the period £ buoyed by the first full-year contribution from Cristie Data and new sales from Dediserve, Simple Servers and Sonassi, the three businesses acquired between May and November 2017.Panmure Gordon notes that Iomart£s growth appears to have endured despite the progress made by the larger cloud providers, a trend the broker expects to continue.At 362p, shares in Iomart are up on our original buy call (238p, Aug 27 2015) and trade on a multiple of 20 times Panmure Gordon£s forecast EPS of 18.3p for the 2018 financial year £ not hugely demanding for a software company demonstrating strong growth. The group launched its maiden half-year dividend in December, meaning there£s now income to boot. Buy."
gretel
03 Apr 2018
Re: Excellent trading statement today Positive stuff from the respected Techmarketview web site:[link] 29 March 2018iomart keeps up the consistencyA pre-close trading statement from iomart shows the cloud and hosting firm will hit growth of 9% in the year to end March 2018. Adjusted EBITDA grew at a similar rate to £39.8m.The company’s Cloud Services segment has “continued to win a substantial amount of new business” during the 12 months, as the trend for buyers to seek external cloud specialists for guidance and ongoing management continues.Acquisitions have played an important role in the development of iomart over the years, and in the year just closing that is no exception. The period sees a full year contribution from Cristie Data (a Stroud based data storage, backup and virtualisation solutions provider) and contributions from Dediserve, Simple Servers and Sonassi (all acquired in 2017). These acquisitions have all added to iomart’s geographical reach and expertise.Meanwhile, the firm's Easyspace business (which provides hosting/web services to small and micro businesses), has performed in line with expectations, growing organically.iomart’s approach is consistent, as is its performance (see iomart continues consistent cloud execution) – and we see no reason why it shouldn’t continue to do well in the market.Full results are out 12th June."
gretel
29 Mar 2018
Re: Excellent trading statement today N+1 Singer reiterate their Buy and 465p target today.
gretel
29 Mar 2018
Re: Excellent trading statement today Peel Hunt retain their Buy and 440p target, whilst Finncap also retain their 415p target: [link]
gretel
29 Mar 2018
Excellent trading statement today Yet again.Results nicely in line and showing good growth. A company in the cloud technology sweet spot in its sector. Lots of recurring income. A sound Balance Sheet. Etc etc.Time for a re-rating:[link] the sustainable nature of the market opportunity, a broadening product offering and a growing reputation within the cloud industry, the Board anticipates that growth will continue in the future.""iomart has delivered yet another year of consistent growth. With a significant and sustainable market opportunity ahead of us, we continue to invest in our business and people to ensure we are well positioned for future growth. We continue to see strong demand for our services and remain confident in our prospects. Our healthy balance sheet, high levels of revenue visibility and our strong and increasing cash conversion leaves us in good financial health."
pharmaspecialist
12 Jan 2018
Reasons for buying. I usually tend to steer clear of service based companies operating in sectors impacted by rapid technological and commercial changes but I think the experienced management at Iomart has proven that they are able to cope, indeed profit, from this type of environment. I also like the impressive profit margins, reasonably good ROCE and global growth prospects so, admittedly rather late, I have joined the shareholder register as I think there is still plenty of growth potential.
gretel
03 Jan 2018
Peel Hunt raise target to 440p Peel Hunt have today increased their price target to 440p (from 405p) and say Buy:[link]
gretel
14 Dec 2017
Tipped by the Share Centre More new highs.Also just tipped by the Share Centre:[link] of the Week: Iomart11/12/2017Ian Forrest, investment research analyst at The Share Centre, picks cloud computing consultancy firm Iomart as stock of the week.AIM-listed group Iomart has been involved in cloud computing long before cloud computing became fashionable. It is one of the UK's leading companies in an industry that is expected to grow fairly rapidly as businesses and consumers generate more data and become comfortable with having that data located offsite.Essentially, Iomart facilitates data hosting services so that clients and the end user can have access to data and web services in a secure manner while reducing costs and complexity and investors should recognise that the group expects the creation of data to be exponential for some years to come.Last week, the group reported its half year results in which it stated that revenues were up 12% on the same period last year, coming in at £47m, while adjusted pre-tax profits rose by 9% to £11.6m. Despite the numbers falling slightly short of expectations, the shares rose on the back of the announcement and, in general, the shares have made steady progress over recent years helping cement our belief that the long-term prospects have not fundamentally changed.This is a business which is operationally geared, and it can take more business for relatively little cost. The group has partnerships and programmes with some of the largest computing businesses in the world such as Microsoft and Dell and there’s further promise in regards to hosting government departments and the continuation of targeting small acquisitions. As a result of all of this, as well as rising dividend payouts, we continue to recommend Iomart as a "buy" for investors looking for capital growth and willing to accept a higher level of risk."
gretel
05 Dec 2017
Analysts raise target prices N+1 Singer have increased their target price to 427p (from 388p) today. Finncap have similarly increased to 415p (from 400p).
gretel
05 Dec 2017
More new highs after today's interims New highs after today's very encouraging interims. The outlook in particular is extremely confident:[link] Group has enjoyed another good period of trading in the first half of the year, with growing recurring revenues in line with our business model. The market opportunity remains significant and we continue to invest in our skills, infrastructure and capabilities to meet the evolving demands of the market. We are firmly on track to deliver another year of material growth and we remain confident in our prospects."And:"Within the overall growth of cloud, eCommerce is one of the fastest growing areas. We have always had an exposure to the online retail market and we are building our expertise in this area to position ourselves as eCommerce cloud leaders."There's been 3 acquisitions in the last 6 months, and the narrative suggests there will be more given the "comfortable" level of debt.
gretel
29 Nov 2017
New chart highs now, plus news Looking good chart-wise.News flow not posted here before - firstly, a contract win for IOM's SystemsUp subsidiary:[link] Consultancy SystemsUp Migrates UK Law Firm To Microsoft Azure And Office365 10:50:35 - 08 November 2017 Cloud Consultancy chosen as Technology Transformation Partner by Farrer & Co LLP LONDON,November 8, 2017/PRNewswire/ --Digital transformation consultancy SystemsUp has been selected by Farrer & Co LLP to deliver wide-ranging technology transformation across the firm using Microsoft Azureetc"Secondly, a new Cloud-in-a-box product launch:[link] Launches Private and Hybrid Cloud-in-a-box, Powered by OnApp Slashes the cost and complexity of on-premises and hosted cloud, with fully managed or self-managed options and a unique 'try before you buy' scheme Nov 07, 2017, 06
0 ETManaged hosting and cloud services provider iomart (AIM: IOM) has partnered with OnApp to launch a new cloud-in-a-box solution for small businesses and enterprise IT departments. The new solution combines OnApp Enterprise private cloud software with Intel® hardware to create a turnkey appliance that can be deployed on premises, or hosted by iomart, with self-managed and fully managed options available for each approach. combining its experience in hosted cloud and managed services, with OnApp's streamlined and intuitive private cloud management software, iomart can deliver private and hybrid cloud that is significantly more cost-effective and easier to manage than other solutions.The new cloud-in-a-box solution is available now with a unique 'try before you buy' scheme that takes companies from proof-of-concept into production without any additional configuration or migration work. It is designed for companies looking to virtualise and consolidate traditional IT into a more cost-effective integrated appliance; to bring cloud automation and efficiency to their business without requiring an army of technicians; and to simplify the management of workloads across on-premises and hosted cloud infrastructure, using a single, unified cloud platform.etc"
gretel
16 Nov 2017
IOM tipped: fits Slater's investing criteria IOM are recommended in a new article which recommends eight companies which meet Slater's investment criteria.There are three companies amongst the eight which begin with the letter "i" - IGR, INSE and IOM - and I own them all, yet own none of the others! Strange but true....http ://www.iii.co.uk/articles/460481/8-top-shares-meet-jim-slaters-investment-rules"Eight top shares that meet Jim Slater's investment rulesStockopedia and Ben Hobson | Wed, 15th November 2017 - 14:24"
