Ideagen (IDEA)

Sector:

IT Services

Index:

FTSE AIM 100

163.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 207.00
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 226.62m
  • Volume: 37,522
  • Market Cap: £370.52m

Ideagen trades \'marginally ahead\' of market expectations

By Iain Gilbert

Date: Tuesday 14 May 2019

LONDON (ShareCast) - (Sharecast News) - Information management software supplier Ideagen saw some strong trading during its last trading year, with results expected to be \"marginally ahead\" of market expectations.
Ideagen told investors on Tuesday that it expects to report a tenth consecutive year of revenue and EBITDA growth when it turns in its full-year results in mid-July.

Revenue was projected to jump 29% to approximately £46.7m, and adjusted EBITDA was expected to rise 30% to roughly £14.3m.

Net debt widened from £800,000 to £1.3m following the acquisitions of InspectionXpert, Morgan Kai, Scannell Solutions and IPI.

All in all, Ideagen revealed trading had been \"robust across all key verticals\", with the AIM-listed group delivering organic revenue growth of approximately 8% and generating a \"substantial increase\" in recurring revenues as its transition to a SaaS model continues.

Chief executive Ben Dorks said: \"We are pleased to report that the group has continued to perform well in delivering another year of quality earnings growth underpinned by strong cash generation.

\"Our growing base of recurring revenues and a strong pipeline of business opportunities from new logos and our growing customer base provides the board with confidence for the current year and beyond.\"

As of 0850 BST, Ideagen shares had risen 3.20% to 132.10p.

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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 163.50p
Change Today -1.50p
% Change -0.91 %
52 Week High 207.00
52 Week Low 138.00
Volume 37,522
Shares Issued 226.62m
Market Cap £370.52m

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
65.20% above the market average65.20% above the market average65.20% above the market average65.20% above the market average65.20% above the market average
49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average49.51% above the sector average
Income
95.74% below the market average95.74% below the market average95.74% below the market average95.74% below the market average95.74% 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 14-Jul-2020

Time Volume / Share Price
14:02 607 @ 162.90p
13:32 4,320 @ 162.84p
13:25 400 @ 162.84p
12:42 913 @ 162.90p
12:35 150 @ 162.90p

Ideagen Key Personnel

CEO Ben Dorks
COO Barney Kent
CFO Emma Hayes

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