Ideagen (IDEA)

Sector:

IT Services

Index:

FTSE AIM 100

207.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 207.00
  • 52 Week Low: 135.50
  • Currency: UK Pounds
  • Shares Issued: 226.58m
  • Volume: 2,737,558
  • Market Cap: £469.03m

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 207.00p
Change Today 18.00p
% Change 9.52 %
52 Week High 207.00
52 Week Low 135.50
Volume 2,737,558
Shares Issued 226.58m
Market Cap £469.03m

Ideagen Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.65% below the market average99.65% below the market average99.65% below the market average99.65% below the market average99.65% below the market average
97.89% below the sector average97.89% below the sector average97.89% below the sector average97.89% below the sector average97.89% below the sector average
Price Trend
89.18% above the market average89.18% above the market average89.18% above the market average89.18% above the market average89.18% above the market average
78.64% above the sector average78.64% above the sector average78.64% above the sector average78.64% above the sector average78.64% above the sector average
Income
93.11% below the market average93.11% below the market average93.11% below the market average93.11% below the market average93.11% 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
81.99% above the market average81.99% above the market average81.99% above the market average81.99% above the market average81.99% above the market average
85.26% above the sector average85.26% above the sector average85.26% above the sector average85.26% above the sector average85.26% 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 29-May-2020

Time Volume / Share Price
16:51 72,330 @ 207.00p
17:01 20,000 @ 192.50p
16:51 15,187 @ 207.00p
16:51 15,187 @ 207.00p
16:36 210,653 @ 207.00p

Ideagen Key Personnel

CFO Graeme Spenceley
CEO Ben Dorks
COO Barney Kent

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