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Wonder if john is kicking himself now lol? Anyone know the reason begind the rdcent rise?
Morning TruroTrader. Yes that's always a risk you take selling out of a good performing share though it's been flat to slow from 120 and seems range bound atm. I saw an opportunity elsewhere to make some money (turned out well) and of course will be watching ideas progress towards the H/Y. Having been a buy & hold man all my life i have decided to change strategy to hold for the short term only, making a turn however small and cutting a loss immediately. Despite Wall St continued strong performance its only 3% up ytd this bull maybe nearing retirement and should things turn nasty (Brexit?), China, credit crunch, rates and world debt, I dont want to be holding shares. However good luck i'm sure Idea will do well for you.
Hi JohnLewis,
Will miss your posts. I didn't always understand the jargon but appreciated the comments.
With the fall in the £ and the USA expansion I suspect the half-year will be very good. If the profits are improved, as per the forecast, and the divi is correspondingly increased I reckon we could well have another sp rise and It's only 2.5 months to half year. You might miss the boat!
I'm out of idea now decided to bank some profits for a bloody change! Depending on another result might revisit if the sp has not disappeared out of sight by then. Gluck all.
and buying this morning at the full 138p offer.
RNS - Liontrust are buying more, now up above 10% with 20.65m shares:
Https://www.investegate.co.uk/ideagen-plc--idea-/rns/holding-s--in-company/201808071308350872X/
IDEA continue to innovate:
Https://www.ideagen.com/company/news/ideagen-launches-new-research-and-development-department/
"Ideagen Launches New Research and Development
ADVERTISEMENT
Department
01 August 2018
Ideagen Plc is to launch a new research and development operation intended to strengthen its product suite and identify opportunities for innovation.
Already one of the fastest growing firms operating in the multi-billion Governance, Risk and Compliance (GRC) market with market-leading software applications and a global client roster of blue chip companies, this new department will drive Ideagen’s efforts to innovate, improve and build the next generation of software applications.
Ian Hepworth, Ideagen’s Chief Technology Officer, said: “I am excited to announce the formation of this new research and development department at Ideagen.....
....“I am really looking forward – and am very excited – to see the impact that a dedicated, knowledgeable and skilled R&D department will have on our organisation, our products and our future.”
The new department will be headed by current Chief Development Architect, Kim Fowler, who will become Ideagen’s Head of R&D.
Ian added: “Kim’s passion and experience are second to none and I truly believe this is an outstanding step for everyone involved. The launch of our new R&D department and the appointment of Kim will be the cornerstone in shifting our cultural focus towards innovation to ensure we stay among the leading players in a GRC space that is filled with opportunity.”
Kim joined the Ideagen Group in August 2016 following the acquisition of Covalent Software Ltd, where he was a Principal Software Developer.
He launched Babble&Geek in 1997 and has offered guidance to a range of clients including Tesco, Sainsburys, NASA, ESA, and Northrop Grumman.
Kim said: “The new R&D department marks an excellent opportunity for both myself and the company to really take research and development at Ideagen to the next level.
etc"
All sells today...all buys tomorrow.. Sells on Thursday....jeez what a merry-go-round. Any lth has switched off weeks ago...me included as its impossible to get a feel for the direction during the summer months. Come back in Sept and have a look the shares will have done diddly imo.
Https://www.ideagen.com/company/news/ideagen-recognised-in-gartners-first-ever-magic-quadrant-for-irm/
"Ideagen recognised in Gartner’s first ever Magic Quadrant for Integrated Risk Management
25 July 2018
Ideagen, the UK-based, global software firm, has been included in what it believes is a key industry report designed to recognise organisations that provide software and services for integrated risk management (IRM).
Gartner's first ever 'Magic Quadrant for Integrated Risk Management' evaluates risk management software vendors.
The Magic Quadrant states “Integrated risk management enables simplification, automation and integration of strategic, operational and IT risk management processes and data. Security and risk management leaders should use Gartner’s Magic Quadrant to identify solutions that support an integrated approach to risk management.”
Ideagen is recognised in Gartner’s report as a Challenger. A recognition that Ideagen believes is thanks to its newer products in the form of Coruson, an enterprise cloud-safety and operational risk management solution, and Pentana, for audit and performance management.
Ideagen’s Head of Product, Gordon McKeown, said: “Integrated risk management is a set of practices and processes supported by a risk-aware culture and enabling technologies, that improves decision making and performance through an integrated view of how well an organisation manages its unique set of risks.
“We are delighted to be included in Gartner’s Magic Quadrant for Integrated Risk Management – the inaugural version – thanks to what we believe is the capability and functionality available in our Coruson and Pentana products.
“We feel that it is testament to the strength of these products – and our efforts in staying ahead of the curve by identifying innovation opportunities and market needs – that we have been named among the players in this growing market.”
Gartner is the world’s leading research analyst and advisory firm. The creation of the Magic Quadrant for Integrated Risk Management comes as digital business risks and cybersecurity challenges increase globally. The report states: “IRM goes beyond traditional, compliance-driven governance, risk and compliance (GRC) solutions to provide actionable insights that are aligned with business strategies, not just regulatory mandates.”
Horrible OP costs (59%) / 2017 / wages etc 43% of revs..granted 60 more staff employed and similar nos last year...compared to peer Mfocus 17% cost of sales but of course on a billion of revs. On balance as long as revs increase and substantially those wage costs are going to look out of kilter even in a 'people' business.
Aint it bloody sods law as soon as I sell up they go...oh well still running some at a low 67 which i'll keep until October. IC comments on results were positive, Buy recommend. By then Brexit / trade wars, rates etc...will be clearer for equities in the run up to 2019.
Maven Income and Growth VCT 5 reported results on Friday and had this to say their £3.85m investment in IDEA:
"In the year to 30 April 2018, Ideagen delivered results that were again in line with expectations. The company recorded a 33% increase in revenue to £36.1 million and a 40% increase in adjusted EBITDA to £11.0 million. The organic growth rate of 11% was supplemented by the contribution from the acquisitions of Logen, Covalent, IPI and Pleasetech, which completed in the prior year.
The company continued to strengthen the quality of revenues with significant growth in Service-as-a Software (SaaS) business as bookings increased by 174% with recurring revenue now accounting for 62% of turnover (57% in the previous year). This increase in revenue was driven by new and existing customer wins, with notable wins including Scandinavian Airlines, AirAsia, Lockheed Martin, Bayer Pharmaceuticals and Verizon.
In addition, the company acquired Medforce, a company that has developed a product suite to support productivity and legal compliance through its workflow and information management tools. This business was acquired for $8.7 million in cash which was payable at completion and funded with a mixture of debt and cash.
This acquisition represents Ideagen's first US purchase, a territory that has been identified as a key area of growth and which has generated over 50% of all new logo wins and 70% of all new SaaS wins in the first half of the current financial year."
Good two way business over the week. Idea gained 12 (results), Mfocus -45 , Sage +12, tm100 -49 & 350t -8. In America the Nsdq was u/c but posting c.13% up ytd while the TM100 & 350t are respectively +4% & -22%.
Trade gone missing....typical!
Have outed a few...a profits a profit after all....Retained a reasonable holding at avc 67 so well lower than prev avc. Decided the poor outlook warranted some pruning and I don't want to be the last in the rush for the exits should sentiment or worse turn against stocks. Having been badly caught out in '87 (held through 08-09) I have no intention of waiting for mrkts to recover which could take 2 years or more. It may be a lot easier for me as i have only 2 stocks left now, Idea, an o...lie & stranded in a private Co. Somehow i think i'll be sleeping a lot better but not quite down to the 'sleeping very well' level.
Markets may be more than "toppy". Add to the economic imbalances that we are also to cope with Trump, Brexit, trade wars ... it could turn very nasty. There is no way of knowing how this will pan out so there is strength in holding a wide range of investments.Fast growing little companies will trade in their own little bubbles constantly refreshed by (hopefully) enough growth for reappraisal. Holdings may still need to be very long term though!
Excellent PR as usual with Idea who cont to promote customer relations as a priority, hence the high % of retentions. In time this will flow to more contract wins of we hope some major US companies. Lths who are prepared to hold through mrkts corrections etc., will do well I'm sure. It might just be out of my range as I think mrkts worldwide are are 'toppy' given any nos of potential pit falls. I'm watching the US economy for signs of inflation, rate rises, trade wars worsening etc....and China contracting. So far we seem to be muddling through.....
Firstly, looking to grow in the USA:
Https://www.ideagen.com/company/news/ideagen-to-host-annual-us-customer-seminar-in-new-york/
"Ideagen to host annual US customer seminar in New York
19 July 2018
Ideagen is delighted to announce it is to hold its US customer conference in New York for the first time later this year.
The ‘Ideagen Horizons North America’ event will take place at the DoubleTree by Hilton Hotel Metropolitan over two days between Tuesday, October 9th and Wednesday, October 10th.
The event is exclusively aimed at users of Ideagen’s Q-Pulse, PleaseReview and Pentana software for quality, safety, risk, audit and performance management.
Ben Dorks, Ideagen’s CEO, said: “As Ideagen grows rapidly so, in turn, does our successful and popular Horizons events and we are absolutely delighted to be hosting our North American event in New York this year.
etc"
And success in Hong Kong:
Https://www.ideagen.com/company/news/coruson-helps-hk-express-renew-iosa-certificate/
"Ideagen Coruson helps HK Express to renew IOSA certificate
16 July 2018
Ideagen Coruson, Ideagen's cloud-based governance, risk and compliance software application, has helped a major airline in Hong Kong to renew its IATA safety certificate.
HK Express, Hong Kong's low-fare airline, has successfully expanded its International Operational Safety Audit (IOSA) certificate for two years in an announcement the airline said was a "testament to its safety commitment and excellent service".
etc"
Big vol of sells? through yesterday I.756m, 2x 1.046m, 200k & 134k all at 130. No effect on sp So who knows?
Can't disagree with both posters.. It's a long...er game here which in itself could pose problems if overstretched mrkts crumble and Idea are caught on the wrong foot. I think our valuation given the poor net profit no is way up with events and I'm erring on the side of safety, locking in profits from 80 upwards....not having a crystal ball i'm too old a hand to be swayed by 'management' speak... In that all that glitters aint gold.... My stop loss is set at 128 come what may!
Ideagen's business model is to keep buying small companies on cheaper multiples than their own share price, then nurturing them to grow organically. Provided they don't buy any duds and the management know what they're doing this will just keep on steadily beating the market for years ...
LOL JL79! Take a look at GMAA too after today's news - woefully undervalued and unheralded imho. PEG are another example.
Here's a feature on IDEA's results, with these comments from the CEO. Certainly looks like acquisitions are on the way:
Https://www.scotsman.com/business/companies/tech/software-firm-ideagen-hails-9th-year-of-growth-1-4770048
"Chief executive Ben Dorks, who was promoted from chief customer officer in May, told The Scotsman: “It’s been a very strong 12 months – we’re certainly very pleased with the results.”
The firm said operational highlights during the year included the April acquisition of “profitable, growing and cash-generative” US-based healthcare software specialist Medforce Technologies. The $8.7m (£6.6m) deal, which added 300 US healthcare customers, also provided a “platform for further growth” in the US. Dorks said the transaction ties in with Ideagen’s strategy of acquiring businesses, as per its £13m purchase of Scottish management software firm Gael in 2014, that have robust recurring revenues and intellectual property, and in “complementary or adjacent markets… or, as in the Medforce acquisition where they are in new geographies, which we can then use as a launch pad for our existing products”.
He added that Ideagen “remains committed to an ongoing buy and build strategy and we expect to complete further acquisitions this financial year”, with a US deal “certainly on the cards” in the next 12 months."
“I think we’ve got a fantastic platform for continued growth for the future,” said Dorks, while executive chair and former CEO David Hornsby, said the board has faith in the group’s prospects “for the current year – and beyond”.
Hope you had a good break...away from BBs etc.. I/we need a more lively board for exchange of views etc...I'm beginning to lose the will to live here! Is it the dreaded AIM effect of the good going down with the bad? Probably not. Aim stocks are so under researched getting the news story out into the wider mrkt is well nigh on impossible these days given the 'broadsheets' reluctance to comment on anything outside of ftse stocks. Investing in Aim techs is akin to dodging the firing squad bullet....this we know....hopefully! C'mon and join me here, we might be able to attract a few more Ideamen!
Just back from hols - strong results yesterday. The market opportunity is huge, and there are strong hints that more acquisitions are on the way.
The outlook statement in particular is very confident. Can't ask for more:
"Trading since the year end has remained robust and we continue to see strong demand for our products from new potential customers. With acquisitions made during the previous year performing well, and with a base of over 3,700 customers generating growing recurring revenues and repeat business the Board has every confidence in the continued prospects for the Group."
Cheers orangetree....Kinda much as i expected the bottom line being out of whack with the top line. However it's growing but not as fast as I'd like to see so I'm in for the next move up on acquisitions. The recurring rev from all these quality clients is a backstop imo for the med term. 140-150 next stop but likely a struggle.