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Well that wasn't a bad result on the day especially seeing those c.2.5m buys at 129 late on and a big increase in bargains dealt. A certain small cap tipster does not buy into the Idea story....hmm? I guess he missed the boat. For sure I think Idea is fully valued but the scope via organic or acquisition growth should see further progress into the 'championship' div this year. That's assuming that all these dark clouds on the horizon don't spoil the party. The Medforce buy might prove to be the best yet and a move in the Far East to balance up would go down well with holders. However with revs still well below £50m there's plenty of work to do.
Just checked back on my forecast for Idea sp at 2018 close was 155 made on 2/1/18 , (20) up from here not much of a stretch......?
Better vol & trades as you'd expect 131.4 paid but sellers coming in. It's the 'casino' hour for the day traders to have fun, most lths look on with amusement and a fair amount of scepticism.
A 35k sell at 123 looked a duff call imo, perhaps the seller is banking on the f/y nos priced in? Could be but I'd be punting on the upside...soon see.
Very pleased with those nos! Solid % increases all round the business which looks ready for the next upward move. Expect further acquisitions this year which has started 'robustly.'
Last year nos....in case you have forgotten. Rev £27m. Ebita £6.9m. Cash flow £8.9m. Net cash £4.2m Final Div 0.142 making 0.21p.
Idea results could hit the news stands on Wed.
Another record close on the Nsdq and tm100, t350 added c.2% & 3% respectively which makes a change though the t350 is still well in the red ytd. Idea slipped a couple so hardly worth mentioning. Results next wk (29) I shall be looking for the CEOs outlook into the rest of the year as the nos have been well trailed at the trading update stage. See little movement in the sp over the next 3 months. My target of 140 by years end might be achievable.
Mfocus Interims on Wed.
A quick wrap on the nos over the week. Idea (-3%)...Mfocus (-5%)... Sage (-2.4%)...tm100 (-1%)... t350 (-6%) & Nsdq (+2.4%). All Share lost 15 points & the ftse down 19.
Late pull back off days low saw TM100 post a small gain but the T350 dropped 2%. Sage & Mfocus barely changed on the day. The Nsdq turned upwards at mid day and is currently up 76 (c.1%). At home & testament to the great job current management are doing was the announcement that Idea features in the top 1000 of the most exciting forward looking UK companies. There are c.5.4 million SMEs so it's an outstanding piece of PR for Ideagen and for the 3rd consec year.
Ideagen named among the top 1000 small UK business enterprises for the third consec year.
Cheers rivaldo....saw that, confirms the excellent outlook for Idea and here's hoping for more US moves in 19/20. Idea F/Y nos upcoming next 12 days or so should make for interesting reading.
I was sorting out my stuff and came across some brief notes made from IDEA's presentation at Mello this spring, so thought you might be interested:
- 63% recurring revenues, which should increase to 75% by 2020
- 52% of revenues are outside the UK (70% of new revenues)
- their 3-year objectives are 100% revenue and EBITDA growth
- 35% of employees are in R&D
- the supply chain gateway for global OEMs is becoming more important. IDEA are "in talks for larger deals"
- they are "confident of sustained growth"
Good news:
Https://www.ideagen.com/company/news/ideagen-successfully-named-on-g-cloud-10-framework/
"Ideagen successfully named on G-Cloud 10 framework
03 July 2018
Ideagen’s Coruson, Q-Pulse, PleaseReview and Pentana Performance will be available for organisations operating in the public sector
Ideagen is pleased to announce it has been awarded a place on the G-Cloud government framework for the 6th successive year.
The G-Cloud 10 iteration allows public sector organisations – such as the NHS and local councils – to find and compare cloud-based services, removing the requirement for a full tender process.
It was launched in 2012, and Ideagen’s inclusion this year marks its sixth in succession. It means the company can offer its Coruson, Q-Pulse, PleaseReview and Pentana Performance products on the framework to organisations searching for cloud technology and specialist digital services.
Ben Dorks, Ideagen’s Chief Executive Officer, said the framework continues to create new opportunities for the company.
He said: “Ideagen has provided software and services to the UK’s public sector for almost two decades and initiatives such as the G-Cloud framework can only enhance our ability to continue to do that.
“The G-Cloud framework provides a streamlined process for the purchase of technology and digital services from organisations like ourselves. It has become a crucial service for public sector organisations as it is a faster buying process than having to enter into individual procurement contracts.
etc"
223
See Idea news site...
Poor day for London shares on more Chump-tweeting on tariffs threatening to tax everything in sight. Techs off c.1%, Sage down 16, Idea off 3 but Mfocus put on 20. The Nsdq saw dip buyers return pushing up stocks from a 7444 low closing at 7568. Ftse to open flat/down and see little to get excited about while the background is so murky. A bit of masterly inactivity is warranted.
Good PR...but little else in terms of short term cash gains. Heh...never wrong to keep your clients happy!
Https://www.ideagen.com/company/news/ideagen-launch-new-cloud-based-e-learning-software/
"Ideagen launch new Cloud-Based E-Learning Software
02 July 2018
The software firm will offer Ideagen Academy to users of its governance, risk and compliance software suite
Ideagen has launched a new e-learning tool specifically designed to improve training and enhance usability of its successful suite of products.
The Ideagen Academy will offer more than 3,000 Ideagen customers globally with a training solution to enhance staff knowledge and levels of competency.
The Academy comes complete with engaging learning modules for users of Ideagen’s Q-Pulse, Coruson and Pentana products.
The e-learning software is designed to develop key skills, reduce costs, boost productivity and increase levels of competency across the workforce.
Richie Hewitt, Ideagen’s Product Manager for the Academy, said: “In-house training can be time-consuming and costly. Moreover, onboarding new staff puts pressure on budgets and productivity levels.
“We wanted to offer our customers a cost-effective, web-based learning solution that lets their entire workforce gain training on Ideagen software quickly, easily, and on their own terms.
“By using Ideagen Academy, users are introduced to a dynamic course curriculum and structured workflow, simplifying the training process and providing employees with all the knowledge necessary to ensure their business performs at the very highest standard.
“The Academy inspires learning through a stimulating array of interactive demos, activities and assessments, which are all cloud-based and available 24/7. We believe it will reduce learning times associated with traditional learning by at least 25 to 60 per cent.”
The Academy was launched to help organisations prioritise learning and development, improve knowledge of governance, risk and compliance and maximise their ROI from Ideagen’s software.
Management can use reports from Academy to measure the effectiveness of training and assess how well learners are performing, ensuring employees receive a complete level of training. Learners can leave feedback to highlight where improvements can be made, making staff active participants in their own learning.
Richie added: “At Ideagen, we believe that consistency in training is crucial to assuring quality. In our opinion, ensuring staff are competent and compliant is the greatest insurance a company can have.”
etc"
Mfocus -47% Sage -21% Idea +18% 350t -21% 100tm +2% Aim +2% Gold -4% £$ -4% B con -54%
Mfocus down nearly 4% ytrd and damn nearly 50% on the year! Not much evidence of holders spitting blood om Mfocus bb. Boy i would be!....maybe they are all over here? Nsdq added 59 overnight but the big techs in the Far East region are souring sentiment following the 'nut jobs' comments on China investments in US companies. Sage off 10.... on trend for the day. This week closes H1 so given world events, Brexit etc..Idea have performed creditably with more to come in H2 as long as you know who can keep his trap shut for 5 mins.
Overnight the Nsdq (-117) took a 1.54% hit on selling the big tech & internet stocks as the Dow (-165) fell below its 200 dma after posting a 178 gain late morning. Expect techs to follow suit early the ftse called off 13 at the bell.
Two way trade but vols pathetic and bargains dealt just 12. Zero chance of the sp progressing on those nos. Thats a cosequence of an Aim listing i guess, your hamstringing yourself to a few daring pis prepared to chance backing a small tech co listed on Aim and denying funds who are not permitted to invest on Aim however good the Co is. The management may feel comfortable on Aim and that worries me. I'm not saying moving off AIM is the b all and end all but fer chrisssakes give yourself a chance! Like it or not Aim companies are little leaguers with a 'certain' reputation.
Entry to top 10 Aim mrkt caps is c.£700m, so long way to go. Idea would have to hit c.350p that's totally out of sight. Incidentally no 10 on the list had a t/o of £1.5bn / profit ( £46m). The top rated co is ASOS, revs £1.8bn profits c.£80m.