Quotes delayed, except where indicated otherwise. Currency in GBp.
Iomart Group PLC (AIM:IOM) enables businesses and organisations to operate their online data and IT environments safely and securely.
Headquartered in Glasgow, Scotland, iomart partners with leading vendors such as VMware, Amazon, EMC, Microsoft, Asigra, Arbor and Dell to offer customers a centrally managed, controlled and completely agnostic set of hybrid, private and public cloud platforms.
By owning a global network and datacentre infrastructure, iomart can support any customer who wishes to move seamlessly between any and all of these platforms with a consultative level of knowledge and expertise, delivering cloud services to meet exact business needs.
Their website is available at www.iomart.com
Angus MacSween (CEO): Founded iomart in ’98. Received Glenfiddich Spirit of Scotland Business Award in’04.
Ian Richie (Chairman): Chair of Computer Application Services Ltd, Caspian Learning Ltd, Connect Scotland, and Scapa Technologies Ltd.
Richard Logan (FD): Ex FD Kingston SCL and ePOINT Group.
Bruce Hall (Co Sec), Chris Batterham (NED), Richard Masters (NED)
iomart Group plc (“iomart” or the “Group” or the “Company”) Pre-close Trading Update iomart Group plc (AIM:IOM), the …
iomart Group PLC, the provider of data centres and related services has announced that they intend to distribute an interim …
iomart Group Plc, the cloud computing company, is pleased to announce that it has today launched a Save As You …
iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated final results for the year ended 31 March …
iomart Group plc (AIM:IOM), the cloud computing company, is pleased to provide its pre-close trading statement for the year ending …
iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated half yearly results for the period ended 30 …
|Cost of Sales||(32,266)||(24,650)|
|Profit for the year||12,083||11,019|
|Cash & cash equivalents||8,906||10,341|
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Angus MacSween – 15.9%
Richard Logan – 0.92%
Liontrust Asset Management – 15.95%
Octopus Investments – 10.46%
Schroders – 4.63%
Investec – 3.89%
Noble Grossart Inv’t – 3.25%
“The private cloud market is expected to continue to grow at around 8-10% per annum (source: Rackspace) and remains attractive. In addition, hybrid cloud (public + private) is increasingly on the agenda for enterprises and there is a clear market role for companies such as iomart to help enterprises manage this complex infrastructure. We see this as an additive opportunity.” Peel Hunt (Sep 2015)
“Internet of things grows to $19 trillion.” Washington Post (Jan 2014)
Sunday Times (June 2017): “Acquisitions put Scot’s tech firm iomart on cloud nine”
“Greater specialisation and selective acquisitions are key to maintaining the growth of Glasgow-based cloud storage company iomart, according to its chief executive Angus MacSween. The company grew its revenue by 17% to £89.6m in 2016-17, as pre-tax profits rose by 18% to £22.4m. Its final dividend per share increased by 90% to 6p.”
Investors Chronicle (June 2017): “iomart hikes its dividend”
“Shareholders in iomart will be encouraged by CEO Angus MacSween’s view that there is no reason for the web hosting and cloud computing specialist not to implement a “more generous” dividend policy. He has no concerns about the sustainability of the significantly higher payout – hardly surprising given a 22% rise in operating cash flow.n almost flawless record of execution delivering consistent high single-digit growth….”
Peel Hunt (House Broker – June 2017)
“iomart reported a good set of results where revenue and profits for FY17A were in line, and accounting for some movements our revenue and profit forecasts are largely unchanged over the next two years. Impressively, FY17A free cash flow was up 73% yoy, on the back of which we upgrade our FY16-19E FCF CAGR from 21% to 24%.”
FinnCap (June 2017)
“Now operating as three divisions, namely cloud services, Easyspace, and non recurring revenue (principally Cristie, the storage-based business with public sector customer relationships during the storage tech refresh cycle), each displays differing gross margin and EBITDA characteristics, evident in the changing group mix, while adjusted PBT margin is maintained – and remains highest in the peer group. ”