Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Whats going on? :/
The plot thickens. MM's got the price Wrong? 2 buys of £ 64 K and 20 K, 1 Sell of £ 164 K all at the same price 260.1837, but sp goes up! Dont make no sense.
Some of them buys must be sells i imagine
Just looked on advfn. Buys 109,802 sells 11,417 or about 100 k more buys than sells. ie about £ 260 K more bought than sold.
Over the last few days there have been far more buys than sells but almost no sp movement. Today buys of £109K, 83K, 21K and 26K with no major sells. Anyone know wots going on?
11:19 - 264 09:24 - 247 Note Buys yesterday!
I'm not worried, looking at the past drops, has take a few weeks to settle...can't see a lot happening over xmas and new year,
Unfortunately doesn't look like your right this time. Hopefully will bounce soon
Personally I think it's already happening! expecting a zigzag back up to 285-295 then some horizontal coasting until an offer comes in...though worse case, offer doesn't come in, customer base gets eroded share price plummets..though I'm backing the former.
You got it spot on last time so you tell us when you reckon?:D
anyone got any thoughts on when the rebound will happen?
Apologies, was agreeing with the comment below, i.e. "I think we'll get a chance to buy this again at well under 250..." though I don't agree with "well under", more likely 245-255 currently thinking about at what point to re-enter. Microsoft and Amazon entering the cloud market does concern me a little from a short term perspective, though long term, I can see an offer being made. Compete or buy out, a lot easier to buy, take on the existing customer base, plus all the expertise and push on from here.
Microsoft opening their own Uk data centres in coming months, landscape rapidly changing, squeeze is coming.
Gussy knocked backed a £3 bid last time. He was a bit more cautious in his summary this time.Also i think this first time he has mentioned Amazon/Microsoft in the cloud business. Maybe Gussy is buying up smaller UK companies with the idea of the yankeedoodles coming in with a bid next year or two
What do you mean agreed. Doesn't really answer my question ha or are you saying you don't know either? I wish I had timed it right like you and got out at 300. Then get back in eventually.
agreed. I got out just before the results and plan to buy back in at sub-250. Expect a period of stagnation, but it should start heading north again early next year. Not for the faint hearted, but a good share for the mid-long term.
What im not sure on is.... if iomart hadnt of bought systems up would the profits be a lot higher? Or do they not deduct the price of the acquisition from the profits?
I think we'll get a chance to buy this again at well under 250, maybe lower.... I don't like the sound of extra cost for management, we all get paid divs on profit.... The guy they have brought in so far has a track record of spending lots of money and not really making any, check results for relevant period at Peer 1..... Hold for a while and there will be a bargain here! GL & DYOR
03/12/2015 Iomart joins critics of Scottish IT procurement IOMART, the Glasgow-based cloud provider, has questioned the continued awarding of Scottish public sector IT contracts to huge corporations rather than local specialist companies.
Iomart boosts profit and eyes fresh deals EMMA NEWLANDS 03/12/2015
Iomart Shares in cloud hosting provider Iomart fell by more than 10% this morning, after the group published its interim results. Sales were up by 16% to £36.3m, while adjusted earnings per share for the first half rose by 11% to 6.75p. These figures suggest to me that when the impact of recent acquisitions is included, Iomart should hit full-year forecasts for earnings of 14.7p per share. However, somewhat unusually, Iomart did not confirm that is was on track to meet full-year forecasts. The firm also warned that overheads will rise as new skilled staff and management are recruited to help support the company’s ongoing expansion. Iomart appears to be facing increased competition from cloud hosting providers such as Amazon Web Services (AWS). To combat this, Iomart is planning to shift its focus towards offering software services for customers using hosting providers like AWS. It’s not clear to me how this gradual change will affect Iomart’s profit margins. Even after today’s fall, Iomart shares have risen by 59% so far this year. The shares now trade on a 2015/16 forecast P/E of around 18, falling to 16 in 2016/17. I’m not sure now is the best time to buy.
Think the results are disappointing, the market estimates were higher, as said sp has gone up already so when figures are below expected then the sp will drop. I should have sold yesterday, hope it will recover soon.
Fincap have increased their target price from 290 to 340. Peel Hunt have increased their target price from 300 to 315. Positive reaction from the brokers, I have been in Iom for about 7 years, since 46p, and it is worth bearing in mind that the price usually falls after the results and recovers a few weeks later.
But not sure the figures are good enough to stop a correction due to the recent rises. Needed double digit profit before tax to keep going. Fine longer term but short term ahead of itself and expect a pull back?
What's the point of Peel Hunt putting out a buy recommendation with a target price of £3. Has no one told then M we're there already!