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Great news - a quick £20m placing at 142p to fund a variety of acquisitions which are already identified and should be completed within weeks.
Only recently we'd have been over the moon at raising money at 142p, so no complaints here, and the discount to the current share price is really pretty tiny.
And note the para on current trading:
Https://www.investegate.co.uk/ideagen-plc--idea-/rns/proposed-placing-to-raise--20-million/201809131130017085A/
"Current Trading and Outlook
Trading remains robust and in line with management expectations. The Company is seeing strong demand for its products from new customers and the Board are pleased to see further growth in its recurring revenues."
Shares Magazine today features IDEA as one of their Great Idea updates, and conclude:
"A now largely proven quality business, investors should stick with the stock for further share price upside."
Interestingly, they also say:
"remember, management have their own 200p internal share price target, and we would not bet against such optimism."
Just popped in for a quick look seems as per usual buy deals way more than sells not that ever made a ha'penny difference to the sp here or anywhere else. I'm still sitting on my hands atm, it's getting too close to Oct which if you didn't know better is a plus c.1% return month over many years. I try not to get fixated on Oct '29 & Oct '87 but its bloody difficult!
I know of two sell trades of 8000 each that never got logged on lse. Do not rely on the bargains dealt or volumes. Guess you have to buy L2 but tbh I'm not that bothered as every seller has a buyer. I used to avidly watch the vols but became disillusioned when buys outstripped sells by 5-1 and the shares fell...on many occasions I've seen this happen. Prices are manipulated far too often for my liking.
It's lying to me lol, how is 10.45 after 16.44? Sort it out lse!
Check that, TWO of them, unless lse is lying to me which is more than likely lol!
Nigh on 1/4 mill buy at the end of the day, someones pretty confident buying at 150p!
Seems to be holding 150 bid in morning dealings, whether that's the bottom of the trading range 150-160 I don't know...but if I was still invested I'd be out or at least having some free runners at that price.. As ever you pays your money.... A break sub 140 looks a forlorn hope but I'll wait and see it won't cost me to bide my time.
Kinda like I expected shares off 3 on the day and techs doing poorly in the US (Nsdq down 96). I'm afraid I have little faith in Co Brokers sp targets...their usually front runners anyway and from memory the Idea sp has invariably been higher than Broker forecasts....Oh, & cheers for the 4% upside! I remember a broker forecasting an sp in a Co I had shares in (trading at less than one penny) of 16 bloody pence! A year later still sub 1.
(from 140p) and say Buy:
http://investing.thisismoney.co.uk/broker-views/
Not quite what I was expecting but spreading Ideas footprint in the most important economy in the world is a plus. Probably too small to impact the sp materially given debt/cash terms of the acquisition but going in the right direction with obvious possibilities to increase revenues in the years to come.
Excellent acquisition in the USA - earnings-enhancing next year, with lots of recurring revenues and IP, plus already identified synergies.
And most importantly, big expansion of the US customer base:
"IX has in excess of 1,000 customers, comprising both SME and Global Tier 1 businesses, including Pratt and Whitney, General Dynamics, Boeing, NASA and Virgin Galactica"
Https://www.investegate.co.uk/ideagen-plc--idea-/rns/acquisition-of-inspectionxpert-inc/201809050700087667Z/
Unusual trading activity for this time of year tempts me to return as 150 is easily breached. However at 158 ish its too rich for me. Whether any take over moves are a'foot is probably the main question pis are asking themselves. With just c.£30m revs and valued at c.10x that and just say 4p of eps its flagging red to me...... bwtfdik!
Yes and still rising, branching out into biotechnology was a smart move. Hopefully more contracts.
Buying has been coming in at 155p today. Looking good.
Idea c.50% up ytd paints a very different picture to the two lead tech stocks. Both in turmoil...over recent acquisitions (Mfocus) and increased comp etc.., (Sage). EV & Mrkt Cap are similar at c.£310m which suggests to me the stock is up with events. I'm looking to get back in but at a price well south of here. Most likely won't see that but I aint paying 152+ As the next update is not till Nov progress might slow down so I can wait and see whether 150 is the top of the range and which way the stock breaks from here.
I wonder whether Sage troubles are having a beneficial effect on Idea?
Lots of big buys / sells on the last trading day, interesting times ahead.
Actually a sale, but nonetheless, encouraging to see it absorbed..!
following a 50,000 share buy at 151p. Encouraging to see the continuing buying interest at these levels.
Per the IDEA web site - it's good to see IDEA winning business in Biotechnology, and it seems there's more work to come:
"The project with Ideagen comes as Purolite looks to expand its operations in biotechnology – with future plans to utilise the Q-Pulse system within its sites in Romania, the United States, and China."
https://www.marketscreener.com/IDEAGEN-PLC-6677139/news/Ideagen-Purolite-Corporation-implements-Ideagen-s-Q-Pulse-27167693/
"Mark Price, Regulatory and Quality Corporate Manager at Purolite, said: 'The project with Ideagen is a major investment as we are looking at the agarose market and see our future operating within the likes of the Biotech Industry; a high value, heavily regulated industry."
Morning TT. The headline figs & yoy increases make for good reading but look closer and lower down there's much improvement needed and I thought Idea was fully if not over valued at 130ish. Obviously the mrkt who are better placed to evaluate Idea disagree. However I make my own decisions on when to sell and obviously didn't sell at the current top,.... one rarely does. Notwithstanding that you can't buck the mrkt and Idea may well trade higher so I'll wait for the next set of nos. I'm in no rush to dive back in even as this 10 yr bull mrkt has just broken the prev record set back in 1990. What happens from here on in will decide investors actions. There are enough black clouds on the horizon to seriously damage ones equity wealth and to that effect am quitting while in front because I reason any % gains from here on will be far less than potential losses I could suffer. At least thats my take on things. These last 10 years has seen the Dow rise c.19100 points and the ftse 3940. What price those nos occuring again? Not in my lifetime for sure. Of course pis wont need huge mrkt gains to make money but its a whole lot harder if they turn agin you.
Hi John, giving the situation more thought I hadn't realised the high MK in relation to the revenue and also bearing in mind low profits and miniscule divi.
There could be a pause in the sp until new trade figures come in unless of course rivaldo has a point with a take-over. You might well be able to come back, if you've a mind to of course, and not have to pay to much. Best of luck anyway.
Actually am slightly up on exiting here and trading another stock which I am now out of. I think im going to take a rest from the London mrkt and watch from the sidelines for a change. York will keep me busy for the rest of this week but good luck to those still holding. I bet some *****d off Sage holders have joined here at near all time highs.
Looking very stroong. Is it possible there's bid interest here? Volumes don't really bear this out at present, but I suppose you never know.