Iomart Share News (IOM)

Iomart Says Trading Strong As It Buys Data Backup Company

Friday broker round-up UPDATE

Antofagasta: Canaccord Genuity lowers target price from 1035p to 1020p, while leaving its buy recommendation unchanged. Ashmore Group: Canaccord Genuity downgrades from buy to hold with a target price of 380p. Associated British Foods: Societe Generale upgrades to hold with a target price of 1900p

Iomart acquires server company Redstation

Glasgow-based cloud computing company Iomart has bought privately-owned Hampshire server company Redstation for up to 8.1m pounds. It said it had paid an initial £6.6m comprising of £5.1m in cash, which will be funded out of its existing banking facilities, and £1.5m in new shares. It may pay a fur

Wednesday broker round-up UPDATE

AEC Education: WH Ireland lowers target price from 16p to 11p retaining a buy recommendation. Bodycote: JP Morgan downgrades to underweight with a target price of 495p. BTG: Deutsche Bank ups target price from 440p to 475p retaining a buy recommendation. De La Rue: Investec raises target price fr

iomart inflated by cloud acquisitions - UPDATE

Cloud computing provider iomart lifted its dividend by more than half as three acquisitions boosted sales and profits. The highly cash generative company increased revenues 29% to £43.1m in preliminary results for the year to March 31st, with earnings before interest, tax, depreciation, amortisati

Iomart expects to beat full year forecasts

Cloud computing firm Iomart said it expects to report full year EBITDA and profit ahead of market forecasts and remains confident of further growth as a growing number of companies sign up for their online services. The aim traded Glasgow-based group said it expects to show an adjusted EBITDA of no

Wednesday broker round-up UPDATE

Afren: UBS raises target price from 160p to 200p and reiterates a buy recommendation. African Barrick Gold: Westhouse Securities reduces target price from 255p to 195p and keeps a sell recommendation. Antofagasta: Deutsche Bank lowers target price from 1260p to 1150p, while staying with its hold r

United Utilities director doubles stake

An Independent Non-executive Director of United Utilities Group doubled her stake in the group with the purchase of 5,000 shares in the company on Tuesday. Sara Weller handed bought the shares at 719.80p each for a total of £35,990. She also purchased a further 531 shares on behalf of a Mr M T Well

Geronimo Inns MD offloads shares in parent group Young's & Co

Rupert Clevely, the Managing Director of Young's & Co Brewery's Geronimo Inns division, sold nearly half a million pounds-worth of shares in the pubs group on Tuesday. Clevely, who co-founded Geronimo Inns, sold 62,688 shares in Young's & Co at 701.3573p a pop, earning himself a total of £439,667.

Monday broker round-up UPDATE

Aberdeen Asset Management: Peel Hunt downgrades to hold, target price rises to 365p from 350p. Associated British Food: Investec raises target price from 1300p to 1400p, hold recommendation maintained. Barclays: JP Morgan raises target price from 250p to 320p and upgrades to overweight. Beazley:

Iomart to beat full year expectations

Iomart, the Glasgow-based cloud computing and managed hosting services group, has reported a strong half year performance and is now confident that its full year results will be ahead of current consensus market expectations. This was as a results of both revenue and profits in the six months ende

Forum director exercises options over one million shares

Walter Brown, a Non-Executive Director of UK based gas & oil Forum Energy, has exercised one million shares in the company at 31p each. The £310,000 transaction took place on March 25th, the same day the company unveiled the findings of a report which shows an improvement in the previously known r

Iomart doubles profit

Iomart the Glasgow-based cloud computing and managed hosting services group, doubled full year pre-tax profit and lifted revenue by a third. The Aim listed company, which has made three acquisitions in the past year, said pre-tax profit rose to £5.8m for the year ended 31 March 2012 from £2.8m the

Iomart confident of further growth

Web-hosting and data storage company Iomart said it has achieved a very strong set of results across both its operating segments, ahead of market forecasts, and is confident of further growth in the next financial year and beyond. The cloud computing firm expects to show an adjusted EBITDA of not

Iomart doubles profit

Cloud computing and managed hosting services firm Iomart said half year pre-tax profit more than doubled and said trading in the second half has started well as its pipeline of opportunities continues to strengthen. Pre-tax profit rose to £2.4m for the six months ended 30 September 2011 from £1.2m