wish CEO would help his bro in law out with CSI ! I too think another bid could be around the corner.GLA
23 Feb '15
Toscafund Asset Management buy 5.8%
20 Feb '15
RE: Naked trader 19th February 2015
Completely agree with you. However I do feel if a bid were to be successful it would have to be around the £3.10/15 mark. Since the last bid fell through the company has grown and taken on some great contracts. I really like this company and the fact the board isn't filled with rampers makes me all the more confident :) GL
19 Feb '15
Naked trader 19th February 2015
When a company gets bid for and then it is turned down, it's amazing how often said company falls to a bid again at some point in the future. I've had quite a few of these in particular Kentz where I made many thousands. Iomart (IOM) where I made quite a bit when it was bid for before managing to sell before the bid fell through I think is one of those and been building a stake in it. It's six months since the last bid for it and it would be little surprise to see another one come along - the last bid interest was around the 300p mark and I suspect the company could be bought for that. Or 270 will do! Hell, I'll take 250 ! So I have bought a few more IOM, and noted the price has been steadily rising since it hit around 170. Looks like others feel the same! Even if it isn't bid for it seems to be reasonably priced around 2 quid. I hope to hold now and be patient.
11 Feb '15
242p Target-private equity interest
Singer note. "Oversold on 5.9x EV/EBITDA cal’15 – Whilst there are risks to the business given the evolving landscape, iomart is not without resources to adapt and remains a highly profitable and cash generative business. We also believe private equity interest will remain high in this area. We set a target price based on 8.5x EV/EBITDA for cal’15, giving a target price of 242p and upgrade to Buy"
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