Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Interesting but what a dreary delivery!!!!
Thanks Maccc, very interesting.
new vid with CFO Scott Cunningham:
https://youtu.be/wjsfee7C0EE
So much for being tipped in the IC.
It seems IOM are one of the IC's Tips of the Week today - hopefully there's a nice bounce coming:
Https://www.investorschronicle.co.uk/tips-ideas/
"Tips of the Week 6 hours ago
The silver lining to Iomart's cloud"
Good results today:
Https://www.investegate.co.uk/iomart-group-plc--iom-/rns/half-year-report/201812040700123022J/
Incredibly high recurring revenues mean the business will continue to prosper, especially given the continued growth in the cloud.
IOM are well on track for the forecast almost 20p EPS this year, and more acquisitions are likely, driving up EPS forecasts.
A confident outlook too:
"The high levels of visibility within our recurring revenue business model and strong cost control provides stability to our trading performance for the second half of the year, ensuring the full year should deliver a similar overall year on year progression as we have reported in the first half. We remain very confident in the Group's long term prospects."
Peel Hunt reiterate Buy with a 520p target price:
Http://investing.thisismoney.co.uk/broker-views/
I bought in here yesterday. Fundamentals look sound. A big drop recently but I've put in an initial stake and if it drops, I'll buy more on the way down. If it rises, I'll just sit back and take the dividend. Happy days.
I never worry in a correction. It's a buying opportunity. Especially dividend paying stocks!
staff are selling share scheme shares. this pattern happens every October - November. nothing to worry about imo
I would go further than what ANDYALY has said and say it is the whole of the market and not just AIM. On an ebbing tide all ships will go down. Not just this side of the pond. There is a lot of nervousness around right now, rising bond yields, expectations of rising interest rates in US, nervousness in Eurozone over Italian government budget raising borrowing and debt to levels not permitted by ECB and possible reaction to it - basically Italy sticking two fingers up to EU and saying, "what are you going to do about it?", "putting Italy first". Some concern here and in Europe over Brexit etc., etc., plus continuing concerns over trade war between US and China. List long enough?. And additional thoughts that the market has reached at least a temporary top and could be due for a correction.
Long story short - not IOM specific.
Not advice, but I would be very careful before buying anything right now. There is probably more downside to come generally.
Regards
CM
Its pretty much the whole of AIM is tanking doubt its anything to do with IOM just the market.
Have done a little research so far and cant seem to understand why the sp is plummeting. Do any LTH have more info - as far as i can see all the fundamentals are in place.
I was looking to buy in around 450 but remained patient and it has kept drifting. Any help would be appreciated.
Very encouraging H1 trading update - looks like IOM are experiencing an upwards change of pace and confidence. No wonder the share price is re-rating:
Https://www.investegate.co.uk/iomart-group-plc--iom-/rns/pre-close-trading-update/201810010700044113C/
"The Group has continued to perform strongly in the first half of the financial year. Trading in the six months ending 30 September 2018 has been in line with management expectations, with both revenue and trading profits expected to be well ahead of the comparative period last year, including the contribution from the acquisitions made in the previous financial year.....
......"iomart's continued strong trading performance is a reflection of the strength of our cloud capabilities and business model, the breadth of our customer base and the ongoing growth of the cloud market. With a significant and sustainable market opportunity ahead of us, a growing sales pipeline and high levels of revenue visibility, we look to the second half of the year and beyond with confidence."
Looking nice, how high can this go?
Lovely breakout!
Soaring now :o))
Interesting - looks like IOM have been busy making acquisitions which fall underneath the disclosure requirements size-wise, so haven't been on RNS (or on this BB!).
This article discusses the acquisition only two weeks ago of Bytemark:
Https://www.theregister.co.uk/2018/08/30/iomart_buys_north_yorks_cloud_biz_bytemark/
"AIM-listed iomart inhales third cloud biz in 4 months
North Yorks-based Bytemark slipped into trolley
30 Aug 2018 at 09:20
Exclusive AIM-listed iomart has carved out the umpteenth notch on its bedpost, so to speak, buying UK managed hosting and cloud minnow Bytemark.
North Yorkshire-based Bytemark is the third slurp in four months for iomart following deals with cloud services outfits Dediserve, Tier 9 Ltd, which trades as Simply Servers.
The latest purchase was confirmed by a spokeswoman at Glasgow-headquartered iomart: “This is another significant acquisition for iomart of a high quality cloud business that can add real value to the group and enhance our delivery of secure managed cloud computing services to UK business,” a spokeswoman told The Register.
We asked about the buy price and the rationale for making the latest addition but were told that no further statements will be made.
Founded in 2002, Bytemark sells server hosting and data centre services, and launched a public cloud designed in-house using open source wares a decade later.
It filed abbreviated accounts for the year ended 31 July, indicating a turnover less than £6.5m or fewer than 50 employees."
...and still going, now buying coming in at above 445p today.
Yep - great finish, with new highs and lots of small AT (institutional) trade buying at prices up to 432.5p.
Looking good
Buying at 422.5p and new highs.....
Be nice if these were announced properly via RNS. Here’s to hoping we can leave £4 behind for good!
I understand iom have made another acquisition. Another boost to the sp coming!
Octopus Investments continue to buy. They now have 13%, or 14.07m shares (up by more than 1m from 12.96m per their last disclosure):
Https://www.investegate.co.uk/iomart-group-plc/rns/holding-s--in-company/201808210700093613Y/
Always had faith in this share , i bought in a few years ago hoping it would out perform , it had good rises then dropped back hard but last few months the old girl has kept going