Video

Close Video

IOM.L319.00GBp-4.50 (-1.39%)

52wk Low / High
250.00 / 345.00
Market Cap
£343.89m
Shares in Issue
107.80m
Earnings Per Share (TTM)
8.26p
Current PE Ratio (TTM)
38.62
Div / Yield
6.00p / 1.88%

Quotes delayed, except where indicated otherwise. Currency in GBp.

Overview

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

Directors

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)

 

Financials

P&L2017
£~000
2016
£~000
Gross Revenue
89,57376,280
Cost of Sales(32,266)(24,650)
Gross Profit57,30751,630
Profit for the year12,08311,019
Balance Sheet2017
£~000
2016
£~000
Cash & cash equivalents 8,90610,341
Total assets143,502147,052
Total liabilities(49,987)(64,783)
Net assets93,51582,269

 

Peer Group

Redcentric (AIM:RCN)
A UK IT managed services provider

SDL PLC (LSE: SDL)
Cloud based customer service solutions

Servelec Group Plc (AIM:SERV)
Software services to the healthcare sector

SQS plc (AIM:SQS)
Specialists in software quality

Shareholders

Directors
Angus MacSween – 15.9%
Richard Logan – 0.92%

 

Other
Liontrust Asset Management – 15.95%
Octopus Investments – 10.46%
Schroders – 4.63%
Investec – 3.89%
Noble Grossart Inv’t – 3.25%

Macro Indicators

“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)

Media Coverage

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….”

Broker Coverage

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. ”

Submit your details to be kept up to date with announcements regarding iomart Group plc

We have a strict data protection policy and will not share your details with external parties.