.... Of just 13.8 for year ending 31/3/15 and dropping to 10.8 by year ending 31/3/17 according to data on my brokers website. Surely this is very cheap for a cash generative and profit making IT company with excellent growth potential?
19 Jan '15
Bit of a lift
Nice step up so far this am. Fingers crossed it's just the start.
13 Jan '15
Sell at 111
... Has to be a recoding error.
13 Jan '15
More manipulation occurring, share price dropped to 111 so someone could get a lot of shares.
2 Jan '15
AIM listed Iomart Group Plc is one of the UK's leading providers of cloud computing services. They facilitate 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. Our view Under/over valued? 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 companies and consumers generate more data and become comfortable with having that data located offsite. First half revenues grew by 28% to £31.5 million while adjusted profit before tax climbed 27% to £8 million. However, these were short of the markets expectations and the shares were punished. The miss was caused by no growth in their smaller operation, Easyspace. Despite this setback, we don't believe this changes their longer term growth prospect and believe that the lower price and earnings multiple of roughly 14x represents an attractive entry point for investors looking for capital appreciation and willing to accept a higher level of risk. Bullish points • Iomart is exposed to the rapidly growing cloud services sector and has a leading position in the UK. • They own and operate eight data centres spread out across the UK, six in the US and one in Dubai and Singapore. • This business is operationally geared, they can take more business for relatively little cost. A large portion of the revenues are recurring. Gross and net margins are high. • They offer a 100% uptime guarantee on the hosting service and engineer services so that there is no single point of failure. • They have partnerships and programmes with some of the largest computing businesses in the world such as Microsoft and Dell. • Hosting to government departments has promise, as they have generally held off so far using cloud services on security concerns. • Iomart management turned down a takeover approach recently, however we believe it still remains a potential takeover target. Bearish points • The company has been taking on more debt in recent years (but it remains manageable). • Security or hacking breach will hurt the company's reputation significantly. • Rapid expansion of facilities and services requires large investment outlays and will hold back earnings potential. Comment updated 19 December 2014
29 Dec '14
iom this is money
positive mention on ThisIsMoney.co.uk, IOMART director states that new wearable technology will increase the need for cloud storage in 2015. http://www.thisismoney.co.uk/money/diyinvesting/article-2886187/SMALL-CAPS-wearable-technology-shares-come-fashion-2015.html
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