Ideagen (IDEA)

Sector:

IT Services

Index:

FTSE AIM 100

165.50p
   
  • Change Today:
      0.50p
  • 52 Week High: 207.00
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 226.62m
  • Volume: 266,731
  • Market Cap: £375.05m

Ideagen eyes £20m placing to fund further acquisitions

By Iain Gilbert

Date: Thursday 13 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Ideagen announced its intention to raise £20m in order to fund further acquisitions by way of a conditional placing on Thursday.
The AIM-listed software firm will issue approximately 14.08m ordinary shares, representing roughly 6.9% of the company's current share capital, and make them available to institutional investors in the UK and Europe at a price of 142p each.

Ideagen intends to use the proceeds to assist it in the acquisition of a competing software provider in the UK and US, which the board estimates to have a current revenue run rate of £5.3m and an EBITDA run rate of £1.7m, as well as two further software-as-a-service acquisition targets, one in aviation and one in environmental health and safety, which were both said to have revenues of approximately £1m.

In addition to the placing, Ideagen also revealed it will increase its revolving credit facility with NatWest from £8m to £16m.

As of 1415 BST, Ideagen shares had dipped 0.47% to 147.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ideagen Market Data

Currency UK Pounds
Share Price 165.50p
Change Today 0.50p
% Change 0.30 %
52 Week High 207.00
52 Week Low 138.00
Volume 266,731
Shares Issued 226.62m
Market Cap £375.05m

Ideagen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.53% below the market average99.53% below the market average99.53% below the market average99.53% below the market average99.53% below the market average
95.83% below the sector average95.83% below the sector average95.83% below the sector average95.83% below the sector average95.83% below the sector average
Price Trend
66.14% above the market average66.14% above the market average66.14% above the market average66.14% above the market average66.14% above the market average
47.57% above the sector average47.57% above the sector average47.57% above the sector average47.57% above the sector average47.57% above the sector average
Income
95.34% below the market average95.34% below the market average95.34% below the market average95.34% below the market average95.34% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
84.32% above the market average84.32% above the market average84.32% above the market average84.32% above the market average84.32% above the market average
84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average84.95% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ideagen Dividends

  Latest Previous
  Interim Final
Ex-Div 27-Feb-20 07-Nov-19
Paid 18-Mar-20 26-Nov-19
Amount 0.10p 0.19p

Trades for 10-Jul-2020

Time Volume / Share Price
16:04 46,260 @ 165.00p
17:04 5,000 @ 165.50p
16:28 8,500 @ 165.50p
16:28 8,500 @ 165.50p
16:28 8,500 @ 165.50p

Ideagen Key Personnel

CEO Ben Dorks
COO Barney Kent
CFO Emma Hayes

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