Ideagen (IDEA)

Sector:

IT Services

Index:

FTSE AIM 100

219.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 235.00
  • 52 Week Low: 138.00
  • Currency: UK Pounds
  • Shares Issued: 229.04m
  • Volume: 114,344
  • Market Cap: £501.60m

Ideagen underlying earnings 'significantly ahead' of 2018

By Iain Gilbert

Date: Wednesday 13 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Information management software provider Ideagen said trading remained strong throughout the fiscal first half, with revenue and underlying earnings set to come in "significantly ahead" of last year.
Ideagen said its strong performance was achieved through both organic revenue growth and the acquisitions of Redland Business Solutions in June and Optima Diagnostics in October.

The AIM-listed company stated it had "a clear strategy" to grow revenues organically and maintain high core earnings margins whilst moving from a perpetual licence to a software-as-a-service based subscription model.

Ideagen contended that the successful execution of its strategy would provide "an even more robust business model" and higher quality of earnings over the medium-term without impacting on its short-term profitability.

Annual recurring revenues grew approximately 20% to £43.9m, while total organic revenues improved 7%.

Chief executive Ben Dorks said: "Our core markets are strong and underpin the demand we have seen this half. We continue to execute our strategy, delivering growth and investing in the business whilst tightly managing the cost base.

"The market opportunity remains large and long term and given the group's position as a leader in the governance, risk and compliance market, the board is optimistic about the croup's continued growth prospects."

As of 1000 GMT, Ideagen shares were up 2.02% at 154.05p.

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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 219.00p
Change Today -6.00p
% Change -2.67 %
52 Week High 235.00
52 Week Low 138.00
Volume 114,344
Shares Issued 229.04m
Market Cap £501.60m

Ideagen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.29% below the market average99.29% below the market average99.29% below the market average99.29% below the market average99.29% below the market average
95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% below the sector average
Price Trend
69.14% above the market average69.14% above the market average69.14% above the market average69.14% above the market average69.14% above the market average
51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average
Income
98.13% below the market average98.13% below the market average98.13% below the market average98.13% below the market average98.13% 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
72.39% above the market average72.39% above the market average72.39% above the market average72.39% above the market average72.39% above the market average
54.35% above the sector average54.35% above the sector average54.35% above the sector average54.35% above the sector average54.35% 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
  Final Interim
Ex-Div 05-Nov-20 27-Feb-20
Paid 25-Nov-20 18-Mar-20
Amount 0.22p 0.10p

Trades for 25-Nov-2020

Time Volume / Share Price
16:37 13,830 @ 217.50p
16:35 9,982 @ 219.00p
14:56 52,100 @ 219.00p
15:13 12 @ 218.00p
14:58 4,250 @ 217.50p

Ideagen Key Personnel

CEO Ben Dorks
CFO Emma Hayes

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