Peel Hunt raise target price to 405p Peel Hunt have today increased their target price to 405p (from 388p) and say Buy:[link]
Flattery indeed from PG, but they must be behind the curve if its taken them this long to initiate coverage. Those in the know, realised ages ago this is a solid business in a growing sector.Proof of ignorance of these scribblers, but apprecated for the extra 5% on the sp today.
Panmure initiates: Buy, 430p target Panmure Gordon have today initiated coverage of IOM with a Buy and a 430p target....this is from Twitter just nowanmure Gordon & Coþ @PanmureGordon 30m30 minutes ago@iomart has outgrown its valuation & deserves a re-rating, writes our #Tech analyst, Peter McNally, in an initiation note today $IOM #cloud
New highs, contract win, Naked Trader buys [link] Scotland, October 6, 2017 /PRNewswire/ --iomart company Cristie Data has won a five year contract with Stone King LLP to help the national law firm transform the way it protects its data.Cristie Data will provide Disaster Recovery as a Service (DRaaS) and managed cloud backup to Stone King, enabling the specialist law firm to provide a continuous and high level of service to its valued clients."And the Naked Trader bought more IOM per last night's report, so could see some more buying interest here from his followers:"What's not to love about Iomart? (IOM).It just gradually goes up and made me a packet. And after this week's trading statement I struggle for a reason not to buy more. I couldn't find one.This cloud computing outfit does everything right. The growth keeps coming and its recent acquisition is bedding in well. To reward shareholders the company has nearly doubled the dividend.It says cash generation is high. And it has been bid for before, now I think we would be looking at 450p!"
Great trading statement, looking good Excellent trading statement on Friday - lovely and confident. I bought in recently.Finncap, Peel Hunt, Shore Capital and N+1 Singer all reiterated their Buys after the statement.Finncap have a 400p target, and Singer and Peel Hunt both have a 388p target.
bid on the way? the price here has been firm for months.....they are very confident of their CASH flow which menas they are very undervalued in this growth market.initially i thought the pric ewas being hyped to fund the German acquisition but in fact the price has takne that wobble in its stride. despite the very wide spread it is easy to sell volume well inside but much harder to buy in size.As long as the amrket trend holds i think they can outperform up to as much as 400p.All IMHO, DYOR + BoLIOM is in my portfolio
Re: Down 4% today? Yes, also the wide spread in the share price doesn't help. IMHO the current share price offers good value. Good luck!
Re: Down 4% today? Thanks for that, researchassist. Bought some extra today at -4.8% on day @ £3.24. Was doing well before that so hopefully make a bit more on them. Small company though so maybe a bit too risky for some.
Re: Down 4% today? Its just case of people buying on the rumour and selling on the news. Price should pick up very soon, two brokers have have raised target prices today to 388p and 400p. The results are excellent with very positive comments from the company for future growth.
Down 4% today? Anyone know why? Results are OK, aren't they?
Re: Up 10% I think results announcement is due on Tuesday 13th June this year. Last was earlier.
Up 10% Seems to have broken out of it's recent trading range upwards by 30p in the last 24hrs, I presume that's on the back of the trading results being reported today [link]
Re: Share price On the Iomart website there is an unknown share trade of £3.9m at 0616 this morning!! There were 2 quite large transactions as well once the market opened so something is stirring. I wonder if there are nods and winks happening about the 'working in the space of Microsoft and Amazon' that Angus talked about when reporting. My radar is on high alert now.
Re: Share price Flight to safety?A lot of other companies in the sector appear to be on the point of going bust.Takeover target?
Share price What's happening?