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 expects first-half earnings 'significantly ahead'

By Iain Gilbert

Date: Tuesday 13 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Software outfit Ideagen reported "another excellent start" to its financial year on Tuesday, noting that it expected revenues and EBITDA to be "significantly ahead" after trading remained strong throughout the first six months of the year.
Ideagen now expects revenue and EBITDA to well and truly top last year's figures as a result of solid organic revenue growth and its acquisitions of Medforce, InspectionXpert and MK Insight.

The AIM-listed firm also saw strong customer demand and an improved execution of its sales strategy throughout the period ended 31 October, indicating that its transition was progressing successfully and ahead of schedule.

Total like-for-like bookings increased 34% and total like for like software-as-a-service bookings increased 80%.

On the back of the strong software-as-a-service showing, Ideagen anticipates to generate 74% of its revenues from recurring contracts by the end of 2020, up from the 70% previously anticipated.

Organic revenue growth in the period was 8%.

At the period end, Ideagen was in a net debt position of £1.3m, a marked turnaround from the £800,000 cash balance it held just six months earlier, after spending £24.3m on acquisitions and raising £19.4m on a share placing.

As of 1040 GMT, Ideagen shares had moved ahead 4.07% to 148.30p.

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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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