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The high volume yesterday seems to have come from Gresham House
I fancy action soon ,been steadily topping up my long held position since recent update-very oversold and HUGE volume today and 2nd time in 2 weeks now… think approach on the cards
Big rise today on a large volume. Any ideas?
Started: formerlyeasyp, 11 Apr 2024 08:34
Last post: formerlyeasyp, 11 Apr 2024 08:34
Quiet board, boring sector perhaps? I took a look at the financials via FT.com and they are not great (net income falling) but reflect the fact that the business has purchased smaller businesses to grow.
Debt is not too bad, debt to capital ratio 32% down from a year ago.
My concern, the UK is in a recession (imo) and I wonder how many IOM customers will fail over the next few years?
Last post: hellyeah, 2 May 2023 22:17
I am also confused. I got in 8am on the result day after the positive RNS at around 121p so sold today around 164p with a decent profit. I do think this has legs, its a strong well run business so good luck to you all!
Bid on the way I reckon
Still going. Finals due 13th June, so that's not imminent besides which the pre close trading statement 3 weeks ago had little eff3ect on the share price. Volumes not especially big. I'm pleased, but I'm confused.
Something interesting is afoot!
Maybe some news due out. Otherwise it’s just on breaking above resistance level and a cup and handle play in motion.
Started: Pedrobull, 12 Dec 2022 21:14
Last post: CHELMOCHASER, 30 Jan 2023 22:19
Pushing on as I expected glad with the top up @ 118 plenty to go for here , could easily see an approach at these bargain levels..
Make that 1.5 bars traded, over hanging seller deffo getting cleared
Decent volume today almost a bar traded and just off depressed lows…I’ve topped up @ 118 and expect a decent bounce on the way.
Since a low of 110p earlier this month a good 10% move up on the half year results 6th Dec with buying like £75K @ 122p today. Every hosting business will have the same energy inflation pressures.
· Results in line with the pre-close trading update published in early October 2022
· Revenue grew 1% YoY, with the Group continuing to benefit from very strong levels of recurring revenues (94%1 of Group revenues)
· Concepta acquisition, completed on 15 August 2022, provided £1.3m of revenue and a small positive profit contribution in the final 6 weeks of the period and is performing well
· Stronger customer retention levels in the period provides an improved backdrop as we see pipeline growth from our wider product offering
· Reduction in adjusted EBITDA2 and adjusted profit before tax3 reflects the revenue mix and higher staff costs in the period necessary to retain the skills and capabilities that are important for our growth strategy
· Profitability margins, as expected, reflect the changes in revenue mix and the inflationary environment with adjusted EBITDA margin and adjusted profit before tax margin at 33.8% (H1 2022: 37.7%) and 14.1% (H1 2022: 17.5%), respectively
· Cash conversion ratio6 of 81% is lower than prior period (H1 2022: 91%) due to the specific timing of some vendor payments overlapping period ends, it remains at 95% on a 12-month basis
· Period end net debt of £47.8m, comfortable at 1.3 times annualised EBITDA5
· 12-month extension option within the existing £100m revolving bank facility taking expiry to 30 June 2026 agreed post period end, underpinning the Group's five-year growth strategy
Started: Hardboy, 11 Oct 2022 18:37
Last post: Hardboy, 11 Oct 2022 18:37
I began reading it and felt a warm glow - the words were very positive - then I started seeing numbers & knew the market reaction would be negative. Turnover may be (but only just) but profits are down. (Sales = vanity, profit = sanity.) And the immediate outlook looks like rising costs and reduced margins. I have to give credit to the board - managing to sound so positive on such difficult numbers.
The good thing is the level of customer retention and let us hope they can get a few more long term customers on board and keep them too.
Ex dividend day tomorrow.
New high today. Hopefully it will now break out of the current channel and move to the next resistance level of around 216p.
New high created. Slowly ticking up nicely.
Cheers Troajan.
Looking strong here with the drop from the dividend being bought into and the 20ema crossing the 50ema. Just need 180 to be broken and the sp should rise to the next resistance at 220. Even if the share does continue it’s downward trend, it’s still close to the bottom of the trend with £3 being the top. So plenty of room still to move higher.
Started: James123, 5 Jan 2022 10:59
Last post: 42trader, 5 Jan 2022 14:32
Did some dummy buys and sells today. Can sell £5k easily but can only buy less than £1k without it going to NT which suggests there are more buyers than sellers around. Ex-dividend day tomorrow.
This market is consolidating nicely, IOM have access to great cash flows, have raised money at a very sensible price and have some good market offerings that will no doubt be innovated.
They themselves will be an acquisition target in 3 years once they deliver upon their ambition to be a £200m T/O company.
This is a strong buy and will happily tick back up to 300p, paying dividends upon the way.
What's not to like?
Another strong day today. This share is re-rating. Next major resistance at 180p area then 215p. The share also bounced of the bottom of the daily and weekly trend channel. If it can get to the top of the trend channel it will be about 320p, the brokers TP.
Started: BubbaBubbaBubba, 7 Dec 2021 08:46
Last post: BubbaBubbaBubba, 7 Dec 2021 21:49
Ok I respect your knowledge but this company cash flows are so strong, its everything an acquiring company looks for
I don't understand why you label it a weak sell can you tell me your reasoning?
MS is not going to acquire iomart. MS will likely partner with them for things like datacentre space, ahead of building their own facilities if the market they are interested in is deemed too small to build a large facility. I have some insight in the requirements MS have for things like datacentre space, even in small markets (Manchester for example) they will build 50+ racks for 1 project, high density. At MS scale you do that 2-3 times in 1 city and then it may become attractive to build your own facility if other large operators, such as equinix, have limited capacity.
MS "partners" with every MSP.
Microsoft are loving date centres its the future (well present)
They're already in the ballgame they may as well acquire smaller players in the market
IOMART are a great company even though the Market Cap doesn't reflect that
Could probably buy IOMART at a big discount also
Happy with this too.
fincapp have released a long broker report maintaining their 325p target. They have reduced capex by £5m.
Not sure MSFT have a habit of buying small data centre businesses.
How would this fit?
Started: BubbaBubbaBubba, 3 Nov 2021 15:52
Last post: BubbaBubbaBubba, 5 Nov 2021 18:38
minimal current debt if you know what that means?
Operating cashflow covers 7x over
Plenty of debt here. Not saying co doesn’t have attractions but debt free not one of them
Profit margins have remained strong in the period, at 37% for adjusted EBITDA and 17% for adjusted PBT. The Group's cash generation has been good and ahead of the Board's expectations, with the cash position increasing to approximately £26.0 million at 30 September 2021 (31 March 2021: £23.0 million). The revolver loan drawn amount remains unchanged from last year and along with lease liabilities the Board expects net debt to be approximately £50.0 million at 30 September 2021 (31 March 2021: £54.6 million).
I'm a cash flow investor and like to value the whole firm
I've predicted 3 takeovers this year using the dcf method I have developed
I still think it's worth around the 800 million pound mark, it's generating £40 million every year
No current debt and is a cash cow
You would be laughed out of the board room if you offered 200m quid for this company
I like to buy companies that the market thinks are garbage and then sell them when the market realises they aren't
Competitive advantage seems like the only con in this company crowded space
Would like to see 6 month results though
Been a holder here a while and adding at these depressed levels way too cheap and nailed on for an approach imo...
I too have bought in here recently, just £6k though. A possible TO target, but if not then still not a bad company to hold as it is looking cheap with a PE of just 11.7.
Bubba- could you explain your 700p intrinsic value?
Started: Pedrobull, 13 Oct 2021 11:57
Last post: luckymaybe, 28 Oct 2021 18:58
I'm still waiting for 130p
I took an initial position @ 153
Might be topping up soon as placed limit buy at 141
Impossible to predict the bottom on AIM stocks from past experience as most are very illiquid and the spread is huge
One big seller can torpedo the stock to ridiculously low levels
TA isn't useless but it's definitely less effect than buying the dip in my personal opinion
And as you have seen with Iomart one bad update can send the share price plummeting 30%
Hi all I too am underwater with thus stock. I think to soon to average down. Looking at the chart I see we are oversold but as of yet no divergence or upward dynamic. Long term support comes in around 135p macd shows down and stochs low but negative. I will wait to see if 130 is tested. I am surprised by the fall when profit is not to be heavily impacted. Very undervalued I think.
Im thinking about a top up. One of the worst in my portfolio but down too much. Has had a difficult few years but in an expanding work space, experienced, profitable and cash generating. Hmm following a falling knife?
Last post: freshmatt, 27 Oct 2021 15:23
R&D tax credits expanded in Budget to include cloud computing. This can only help..
Started: ESSEXDOG, 9 Oct 2021 15:36
Last post: You_Having_a_Laugh, 10 Oct 2021 08:44
They don't want to fired.
Take care.
Not sure the logic in that surely you would just take the compensation if you were fired haha
Read the results and forward look. Reckon Director purchases are to keep their jobs as it looks good to the boss. They know the score.
I noted IC recommended buy at £2.80 back in June!
at 4% yield with 10% recovery more than easily achieved seems a good buy. Anyone know otherwise?
Started: BubbaBubbaBubba, 2 Oct 2021 02:34
Last post: BubbaBubbaBubba, 7 Oct 2021 22:25
Yea the only reason insiders buy shares cos they think its cheap or for tax reasons
Its a buy but be careful on the AIM its a minefield
I found this today on a 52 week low list and remembered their Madasafish internet service from 20 years ago!
Just looking at recent RNSs there are director purchases going through so might be some hope here?
· Joanne Cunningham, spouse and thus a person closely associated ("PCA") to Scott Cunningham, Chief Financial Officer, purchased 7,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 170.0 pence per Ordinary share. Following this transaction, Scott Cunningham's beneficial interest is 20,000 Ordinary Shares representing 0.018% of the total voting rights in the Company.
· Karyn Lamont, Non-Executive Director, purchased 7,000 ordinary shares of 1 pence each at a price of 170.0 pence per Ordinary share. Following this transaction, Karyn Lamont's beneficial interest in the Company is 7,000 Ordinary Shares representing 0.006% of the total voting rights in the Company.
Might buy into this now only problem is economic moat
Hopefully they find a diamond in the rough with one of their acquisitions
Still think the whole company is worth 400 million quid so maybe a takeover target themselves but probably operating in the wrong industry
Have been looking at this stock for sometime and have held off, on a strategic level not sure how it can compete with aws, google, Microsoft and all the other companies that operate on a worldwide basis, let alone European it / Indian it suppliers.
Agree. Very disappointing and seemingly downbeat update. Worse still, totally unconvincing about their prospects. But the share price hammering does now seem to leave the company on a relatively undemanding PE of about 13 with manageable leverage and decent liquidity. If it can return to any sort of growth that would support a re-rating.....admittedly a big 'IF' from here and even then likely to take some time.
Yea can't see how it's ever going to recover.
Think I'll just hold. Just because it is actually profitable Which is rare in AIM so maybe can make some good acquisitions
Grim, not going to meet expectations, Vague on how future targets. Says medium term growth. Big drop today, don’t see how SP can recover, and change the steady downward pressure. For me it’s exit time. Damage limitation GLA
Beats me. Volumes are steady with no news. I am no expert but it appears to me that someone is just very successfully and quietly running an algorithm-based programmed trade. Perhaps someone with more knowledge/insight of these things can shed light.
This has been one of the most disappointing shares in my portfolio. The recent financial updates have been poor and uninspiring. This is a company in a sector which should be a growth story. In fairness has been affected by COVID but I am definitely looking for positive signs in next update (last year 1st October) that strategy outlined in the capital market day will be realised. I’ve been here 3/4 years but will think about to keep or drop then.
Has anything changed at this company that I am not aware of as it keeps making new lows.
Started: ESSEXDOG, 2 Sep 2021 17:09
Last post: ESSEXDOG, 2 Sep 2021 17:09
why is price going up?
Started: BubbaBubbaBubba, 23 Aug 2021 20:58
Last post: BubbaBubbaBubba, 23 Aug 2021 20:58
I got an intrinsic value of 700p
Massive discount
There 2021 ROIC covers their Cost of capital amazing
Started: burg1, 22 Jul 2021 18:10
Last post: burg1, 22 Jul 2021 18:10
A consistent SP fall, on a company that seems well managed. Been paying down debt, a fair yield. Struggle to find reason for SP drop.
Started: CHELMOCHASER, 15 May 2021 15:22
Last post: BubbaBubbaBubba, 21 Jul 2021 00:27
These boards will take anything they can get
Yea it's mental
May as gamble on dodgy oil companies before earnings make more in a week than you do in 6 months investing in solid companies with great fundamentals
No wonder private equity are buying everything bargains everywhere
2 years ago you would probably be laughed out the board room with some of these takeover bids but now adays
oversold keeps on overselling.... Theres so many stocks on AIM that dont even make a profit, yet here we are seeing this fall into the ground..
Been picking up more stock this week at these very oversold levels.
Recent update ok and decent cash position makes this a great tuck away , had a decent spike to the 3 quid level day after their capital markets day and I expect that level to be retested in very near future could even be an attractive acquisition target....
At last a 5% bounce from a low of 267p following their Capital Markets Day https://www.lse.co.uk/rns/IOM/capital-markets-day-z0ajrpfhsiv0scu.html
the drop today (currently 8%) seems overdone given the expectation of flat, but consistent, results for the YE 31 March 2021... Optimistic commentary and the trends in this sector all point towards a 8% drop here giving rise to a good entry point
Started: Kirkyrip, 4 Dec 2020 17:10
Last post: KingArthur78, 25 Jan 2021 20:31
Iomart is a strong company.. Don't be fooled by minor details. The landscape has changed dramatically. Have faith in the new CEO, fresh blood has new tricks up their sleeve. Watch this space - I suspect cost cutting, re-organisation and an overall emphasis on first class support. This is not a one trick pony - they are resilient and adaptive to change.
I watch patiently for the next phase in their race.
£10k token purchase by the new CEO has hardly impressed. I buy more than that and I'm recently unemployed!