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Anyone any insight on this? 3 big sells this morning...
I have pulled out of IOM today at a slight loss. I have got a little nervous over the state of the markets, and although this is probably just a correction, I want(ed) to preserve capital and have another look once things have calmed down. I still have a few holdings and have taken out a very small short position on the FTSE via an ETF fund which I only see as short lived and have a stop loss on. Good luck all CM
IOM have been tipped as one of their stocks for 2018 by the Share Centre: Http://www.whatinvestment.co.uk/what-are-the-top-share-investment-tips-for-2018-2554908/ "Iomart � for growth seeking investors �Iomart was involved in cloud computing long before it became fashionable. It is one of the UK�s leading companies in an industry that is expected to grow fairly rapidly as businesses and consumers generate more data and become comfortable with having that data located offsite. Essentially, Iomart facilitates 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. Investors should recognise that the group expects the creation of data to be exponential for some years to come. �This is a business which is operationally geared, and it can take more business for relatively little cost. The group has partnerships and programmes with some of the largest computing businesses in the world, such as Microsoft and Dell, and there�s further promise in regards to hosting government departments as well as targeting smaller acquisitions. The shares have made steady progress over recent years, helping cement our belief that the long term prospects have not fundamentally changed.�
Peel Hunt have today increased their price target to 440p (from 405p) and say Buy: Http://investing.thisismoney.co.uk/broker-views/
More new highs today. Also just tipped by the Share Centre: Http://www.yourmoney.com/investing/stock-week-iomart/ "Stock of the Week: Iomart 11/12/2017 Ian Forrest, investment research analyst at The Share Centre, picks cloud computing consultancy firm Iomart as stock of the week. AIM-listed group 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 businesses and consumers generate more data and become comfortable with having that data located offsite. Essentially, Iomart facilitates 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 and investors should recognise that the group expects the creation of data to be exponential for some years to come. Last week, the group reported its half year results in which it stated that revenues were up 12% on the same period last year, coming in at £47m, while adjusted pre-tax profits rose by 9% to £11.6m. Despite the numbers falling slightly short of expectations, the shares rose on the back of the announcement and, in general, the shares have made steady progress over recent years helping cement our belief that the long-term prospects have not fundamentally changed. This is a business which is operationally geared, and it can take more business for relatively little cost. The group has partnerships and programmes with some of the largest computing businesses in the world such as Microsoft and Dell and there’s further promise in regards to hosting government departments and the continuation of targeting small acquisitions. As a result of all of this, as well as rising dividend payouts, we continue to recommend Iomart as a ‘buy’ for investors looking for capital growth and willing to accept a higher level of risk."
N+1 Singer have increased their target price to 427p (from 388p) today. Finncap have similarly increased to 415p (from 400p).
New highs after today's very encouraging interims. The outlook in particular is extremely confident: Https://www.investegate.co.uk/iomart-group-plc--iom-/rns/half-year-report/201712050700073584Y/ "The Group has enjoyed another good period of trading in the first half of the year, with growing recurring revenues in line with our business model. The market opportunity remains significant and we continue to invest in our skills, infrastructure and capabilities to meet the evolving demands of the market. We are firmly on track to deliver another year of material growth and we remain confident in our prospects." And: "Within the overall growth of cloud, eCommerce is one of the fastest growing areas. We have always had an exposure to the online retail market and we are building our expertise in this area to position ourselves as eCommerce cloud leaders." There's been 3 acquisitions in the last 6 months, and the narrative suggests there will be more given the "comfortable" level of debt.
Looking good chart-wise. News flow not posted here before - firstly, a contract win for IOM's SystemsUp subsidiary: (OT : Chequemate, I've read many interviews with Slater, but not read the book! I agree, patience is the key to multibaggers which will transform your portfolio - otherwise I'd never have stuck with the likes of IQE, XLM, KWS, ACSO etc. Incidentally, ODX and SDI are looking very interesting now imo, and hopefully SCE will come good in the next 6-12 months). Https://www.hostreview.com/news/171108-iomart-consultancy-systemsup-migrates-uk-law-firm-to-microsoft-azure-and-office365 "Iomart Consultancy SystemsUp Migrates UK Law Firm To Microsoft Azure And Office365 10:50:35 - 08 November 2017 Cloud Consultancy chosen as Technology Transformation Partner by Farrer & Co LLP LONDON,November 8, 2017/PRNewswire/ --Digital transformation consultancy SystemsUp has been selected by Farrer & Co LLP to deliver wide-ranging technology transformation across the firm using Microsoft Azure etc" Secondly, a new Cloud-in-a-box product launch: Https://www.prnewswire.com/news-releases/iomart-launches-private-and-hybrid-cloud-in-a-box-powered-by-onapp-655792203.html "iomart Launches Private and Hybrid Cloud-in-a-box, Powered by OnApp Slashes the cost and complexity of on-premises and hosted cloud, with fully managed or self-managed options and a unique 'try before you buy' scheme Nov 07, 2017, 06:00 ET Managed hosting and cloud services provider iomart (AIM: IOM) has partnered with OnApp to launch a new cloud-in-a-box solution for small businesses and enterprise IT departments. The new solution combines OnApp Enterprise private cloud software with Intel� hardware to create a turnkey appliance that can be deployed on premises, or hosted by iomart, with self-managed and fully managed options available for each approach. By combining its experience in hosted cloud and managed services, with OnApp's streamlined and intuitive private cloud management software, iomart can deliver private and hybrid cloud that is significantly more cost-effective and easier to manage than other solutions. The new cloud-in-a-box solution is available now with a unique 'try before you buy' scheme that takes companies from proof-of-concept into production without any additional configuration or migration work. It is designed for companies looking to virtualise and consolidate traditional IT into a more cost-effective integrated appliance; to bring cloud automation and efficiency to their business without requiring an army of technicians; and to simplify the management of workloads across on-premises and hosted cloud infrastructure, using a single, unified cloud platform. etc"
Thanks for the post Rivaldo. Some time ago I was invested in INSE, think I took a very small profit and moved on. Don't know about IGR. Have you ever read Jim Slater's book "The Zulu Principle"?. It is worth a read; based most of my successful trading on it. However, not easy to find companies meeting his criteria at present, difficult to find value and not over valued companies. Hope your investments are going well. Rather mixed for me at present. Trying not to get impatient with my holdings - all too easy to try and get rich fast, never really pays off, despite seeing some shares shooting for the stars. Regards CM
IOM are recommended in a new article which recommends eight companies which meet Slater's investment criteria. There are three companies amongst the eight which begin with the letter "i" - IGR, INSE and IOM - and I own them all, yet own none of the others! Strange but true.... http ://www.iii.co.uk/articles/460481/8-top-shares-meet-jim-slaters-investment-rules "Eight top shares that meet Jim Slater's investment rules By Stockopedia and Ben Hobson | Wed, 15th November 2017 - 14:24"
Peel Hunt have today increased their target price to 405p (from 388p) and say Buy: Http://investing.thisismoney.co.uk/broker-views/ OT : hi Chequemate (again!). I completely agree as regards patience in investing - my portfolio has been transformed by holding stocks like ACSO, VLE, IQE, KWS, RNWH through thick and the occasional thin. Then there are solid growth stocks like IOM, ZTF, SCH, GMAA etc which should growly steadily (or sometimes faster) over time. Then there are stocks like DKL, INSE, SDI, SCE which I hold through the ups and downs in the belief that management are high quality and will see the company through periods of difficulty/hiatus. Regards and good luck to you too.
Good evening rivaldo. It seems I keep bumping into you on different boards, perhaps that is a good sign. I have taken a holding in IOM this morning. I too have read the Naked Traders report and looked into things a bit more. He has a very good record. I am reading again his book, "trade like a shark" and often dip into another book of his "how anyone can make money trading in shares". Easy reading and complete common sense. Unfortunately I drift off into my own world at times and recently have made mistakes such as selling out of SCH to increase my holdings elsewhere only to see those fall back and SCH move forward after a sluggish performance. Perhaps I need more patience and definitely renew or refresh my investment strategy. Trying to get rich (ha, ha), too quickly. Regards and good luck CM
Panmure Gordon have today initiated coverage of IOM with a Buy and a 430p target....this is from Twitter just now: Panmure Gordon & Co‏ @PanmureGordon 30m30 minutes ago @iomart has outgrown its valuation & deserves a re-rating, writes our #Tech analyst, Peter McNally, in an initiation note today $IOM #cloud
http://uk.advfn.com/stock-market/london/IOM/share-news/Award-Winning-National-Law-Firm-Selects-Cristie-Da/75809051?adw=1126416 "GLASGOW, Scotland, October 6, 2017 /PRNewswire/ -- iomart company Cristie Data has won a five year contract with Stone King LLP to help the national law firm transform the way it protects its data. Cristie Data will provide Disaster Recovery as a Service (DRaaS) and managed cloud backup to Stone King, enabling the specialist law firm to provide a continuous and high level of service to its valued clients." And the Naked Trader bought more IOM per last night's report, so could see some more buying interest here from his followers: "What's not to love about Iomart? (IOM). It just gradually goes up and made me a packet. And after this week's trading statement I struggle for a reason not to buy more. I couldn't find one. This cloud computing outfit does everything right. The growth keeps coming and its recent acquisition is bedding in well. To reward shareholders the company has nearly doubled the dividend. It says cash generation is high. And it has been bid for before, now I think we would be looking at 450p!"
Agreed Abercorn. Excellent trading statement on Friday - lovely and confident. I bought in recently, just before the statement. Finncap, Peel Hunt, Shore Capital and N+1 Singer all reiterated their Buys after the statement. Finncap have a 400p target, and Singer and Peel Hunt both have a 388p target.
Confident statement. Interim dividend to be paid for first time. Market reacting well.
Divi increased to 6p!
I have been in IOM for about 10 years, the price allways seems to drop on results then recovers and icreases over the next few weeks, just have patience.
I have to agree. Could not have been much better. I am surprised the announcement that dividends could now reach 40% of PBT did not cause a major spike! I bought in quite heavily this morning.
Very surprised to see the share price down 3 per cent. Personally thought the figures were good and encouraging!! Appreciate any comments.
Steady rise over last two months. Something may be brewing in the background. Top sliced but holding most for a TP of 350 to 400p. Previously stalled at this level but hoping for a possible bid.
Could be a break-out, but little volume to really judge, remember it is not a true price without volume but i have been watching this for some time. Not sure why FinnCap down-graded their price to 280 but as recently as September they said 360. They must have seen something in the half-year report; which I must confess I have but have been to busy to read yet as I am an accountant and I am weighed down by tax returns for individuals who show no interest in the subject until Christmas is past!
I'm out now as well. I'm happy with 40% profit. Didn't want to make the same mistake as last year so got out, probably same reason as you Tim.
I'm finally out. Good luck to all those who remain. I suspect it will continue to rise until the ex-div date.
This is getting interesting. Any whispers of a bid in the offing?