There's been no volume has there. Bit of a change today with 1.3m of volume and an overdue squeeze upwards in the stock. Hopefully something massive will be announced tomorrow!!! (Always good to dream)
"Saudi Ground Services Company choose Ideagen to improve safety, quality & security management
19 February 2018
SGS will implement Ideagenfs Q-Pulse software across 27 locations in the Kingdom of Saudi Arabia
Saudi Ground Services Company (SGS) ðj, the leading ground handling services company in Saudi Arabia, is enhancing safety, quality and security management across the Kingdom using software from Ideagen.
Ideagen Q-Pulse has replaced a series of manual and paper systems currently in use by SGS to maintain compliance to internal standards and certifications.
Q-Pulse will become SGSf electronic centralised management system, helping 27 SGS locations in the Kingdom to streamline document creation and control, audit management and provide functionality for non-conformance, deviation and analysis.
"MIDAS SHARE TIPS UPDATE: Ideagen, the clever software firm that safeguards fighter jets, trains and hospitals, is flying high
By Joanne Hart, Financial Mail on Sunday
Published: 22:39, 27 January 2018 | Updated: 22:39, 27 January 2018
Broken fences can be a frustration for farmers, trying to keep livestock from straying. But they are a serious problem for the railways too, as wandering sheep or cattle substantially increase the risk of train derailment.
Nottingham-based software business Ideagen helps to reduce that risk with a neat little product that allows anyone working on the railways from train drivers to station managers to report incidents when they spot them.
Around 70,000 people employed in and around the UK rail network can log these incidents on mobile phones or laptops. The information is sent to a central site and handled accordingly.
Clever ideas like this have helped Ideagen to more than triple in size since Midas first recommended the firm in 2014. Then, shares were 33p, turnover was £9 million and profit was £2.6 million.
Today, the shares are 118½p and brokers expect turnover of £36 million and profit of £9.7 million for the year to this April.
Chief executive David Hornsby has transformed the business since taking up his post in 2009 and is highly optimistic about the future, confident that sales and profits can double over the next three years. If all goes according to plan, the shares should continue to deliver for investors.
The rail industry is a significant customer for Ideagen but the business works with clients in sectors from aerospace to food and drink to banking. In each case, the companys software helps firms to manage risk, comply with regulations and improve the way employees work.
Airlines such as British Airways and Ryanair use Ideagen to enhance safety procedures, while BAE Systems uses Ideagens software to ensure Typhoon fighter jets are fit to fly.
Ideagen also works with 125 of the 165 NHS Acute Trusts, helping to digitalise their mountains of paperwork. Once, this was a lucrative contract but shortage of cash has slowed business down considerably, even though moving paperwork online would have a huge long-term effect on productivity.
To reduce his reliance on Britain, Hornsby is increasing Ideagens international presence so 70 per cent of new contracts come from outside the UK, primarily from the US but also Europe and Asia. The European Central Bank, for example, uses Ideagen software to help compile internal audits.
Interim results last week showed strong growth, with half-year profits to October 31 up 56 per cent to £4.1 million.
The dividend rose 15 per cent year-on-year to 0.078p and a full-year payout of 0.2p is pencilled in a small figure as most of Ideagens spare cash is reinvested in the business.
Midas verdict: Ideagen has performed well over the past four years but the shares have further to go. At 118½p, the stock is a strong hold. New investors may also be tempted to grab a few shares."
The article focussed on a 122% increase in recurring business and that the company has stopped bidding for low margin work with the nhs to focus on the more lucrative grc business, subscription based.
The potential for growth for the next 5 years is very high, acquisitions and further recurring business. I expect further upgrades from brokers this year.
I haven't seen that article but I wouldn't think there is too much juice left in this re-rating and for me current fair value is 120-125 area. The current Finncap 2019 eps forecast of 4.6p puts them on a 1 yr PER of around 25. Thats only a 10% eps rise on 2018 however so I would expect earnings for 2019 of more like 5p, x a 23-25 multiple should put them in the 115-125 range. Meaningful acquisitions will change those calculations unless they are particularly diluting.
Its good to see they have taken decisive action to focus away from the NHS where the margins are skinny towards increasingly international GRC business where the contracts can be bigger and higher margin. They have made it as clear as they possibly can that acquisitions are extremely likely so it will be really interesting to see how this plays out and the bite size they go for. I guess the really bold move would be buying something in the U.S. in one of their already strong verticals which could help them accelerate their overseas expansion.
Extremely impressive - loving the high recurring income at 63% of revenues, plus the increase in international sales.
Note also the CEO's comments about further acquisitions being likely and the long-term confidence in IDEA's markets:
"The Group continues to be committed to a 'buy and build' strategy and is in discussion with a number of potential acquisition targets which the Board believe would enhance the Group and support our ongoing growth strategy.
Current Trading & Outlook
The market for GRC management solutions remains fragmented and the drivers are long term and highly strategic. Trading continues to remain robust while a healthy pipeline reinforces confidence in our forecasts.
We have been aware of the economic and political conditions in the UK for some time and the Group has responded by developing a strong and growing presence in a number of global markets. Our success in winning new business together with our increasing levels of recurring revenue and repeat business from our 3,000 strong customer base, provides us with confidence in the future prospects of the Group."
Here's the main financial highlights:
"Ideagen PLC (AIM: IDEA), a leading supplier of Information Management software to highly regulated industries, announces its unaudited interim results for the six months ended 31 October 2017.
· Revenue increased by 43% to £17.2 million (2016: £12.0 million)
o Underlying organic revenue growth of 13%
o New bookings increased by 78% to £10.8m (2016 : £6.1m)
· Recurring revenues increased by 60% to £10.8 million (2016 : £6.7 million)
· SaaS revenues increased by 122% to £3.9m (2016 : £1.7m)
· Recurring revenues represent 63% of total revenue (2016: 56%)
· Adjusted diluted EPS** increased by 38% to 1.73p (2016: 1.25p)
· Adjusted EBITDA* increased by 52% to £4.7 million (2016: £3.1 million)
· Adjusted PBT** increased by 56% to £4.1 million (2016: £2.6 million)
· Cash generated by operations of £3.7 million (2016: £3.0 million) before a payment to HMRC of £0.8 million received from option holders in the prior year for taxes on options exercised
· Net cash of £5.9 million (30 April 2017: £4.2 million; 31 October 2016: £4.8 million)
· 15% increase in interim dividend to 0.078p (2016: 0.068p)
*Before share based payments and exceptional items
**Before share based payments, amortisation of acquisition intangibles and exceptional items
· Robust growth across all GRC product areas
· Acquisitions made in 2016-17 fully integrated and meeting expectations
· Strong momentum in sales in the USA, Europe and Asia-Pacific Regions
· 112 new logo customer wins - 70% outside of the UK
· Further progress within cloud business
o 66 new logo SaaS customer wins
o Wins include Boston Scientific, Dun and Bradstreet, Roche and RATP Group
· 46 new logo on premise customer wins including Verizon, Hiscox, Siemens and US Navy
· Strong customer retention - 96% maintenance and support contract renewal rate
· Significant new business from the existing customer base including BAE, Danone and BDO
· Expansion of Malaysian and Bulgarian R&D resources
David Hornsby, CEO of Ideagen, commented: "We are delighted to report on another strong performance from the Group across all of our vertical markets and geographies during the first half of the year.
The Group has achieved growth both organically and from the acquisitions made in the previous year as we continue to execute against our proven strategy. We are particularly pleased with the strong growth in our SaaS revenues and our sales execution and momentum in the USA, Europe and Asia-Pacific regions.
Current trading remains robust and in line with management expectations. The Board remain confident in the outlook for this year and beyond."
"Transavia Airlines extends Q-Pulse safety system for risk and flight data monitoring
15 January 2018
The Dutch airlines software upgrade to the latest version of Ideagens Q-Pulse system will simplify reporting to ECCAIRS
Transavia Airlines, the Dutch low cost airline, is to expand its software system from Ideagen in a move that will enhance risk management and flight safety reporting.
The airline, which has been in operation for over 50 years, will upgrade its Q-Pulse system, adding Ideagens Q-Pulse Risk while integrating with Aerobytes Flight Data Monitoring (FDM) system.
The software upgrade will allow Transavia crew to easily complete and submit safety reports, such as ECCAIRS, required for Transavias European legislation requirements including those of the European Aviation Safety Agency (EASA).
The addition of risk and FDM will boost Transavias risk visibility, allowing them to quickly spot potential weakness through the BowTie methodology for risk management. FDM integration will enable safety staff to assess individual flights, providing increased visibility of operational and safety data.
Maikel van den Ham, Safety Engineer at Transavia Airlines, said: With this software upgrade, and the additions of Q-Pulse Risk and FDM integration, we will be provided with a better view of what is happening in terms of safety and risk management within the airline.
By gaining as much data as possible from across the business, including from each flight thanks to the FDM addition, we will be able to spot and act earlier on any trends that emerge.
Maikel added: By making the ECCAIRS reporting process simpler, we will be able to meet the requirements of EASA and our national legislator more easily.
Transavia Airlines has been operating for over 50 years having been established in 1965. Launched in the Netherlands, the airline also has a base in France and also flies from more than 20 countries in Europe and the Mediterranean. The airline is currently part of the AIR FRANCE KLM Group, the largest aviation group in Europe.
Ideagen is the leading global provider of aviation safety management and reporting solutions. Currently, more than 300 aviation organisations including over 100 airlines use its products and services globally.
Clients in the aviation space include the likes of Emirates, Ryanair, flybe, Brussels Airlines, Air Asia and Spirit Airlines as well as the International Airlines Group - owners of British Airways, Vueling, Iberia and Aer Lingus."
Nice to see but these NHS contracts are small fry, I am waiting for the game-changing $5m contracts to arrive, perhaps from the U.S. Thats what will really move things ahead!
Results should be out in next week or so, looking forward to that.
Ideagen logoKings Interventional Facilities Management (IFM) is working with AIM-listed Ideagen to deploy its Q-Pulse quality, compliance safety and operational risk management platform. Kings IFM is a Limited Liability Partnership controlled by the Kings College Hospital NHS Foundation Trust. It provides fully managed services across all sites within the Trust, including Kings College Hospital, Princess Royal University Hospital and Orpington Hospital.
Kings IFM aims to use Q-Pulse to centralise and standardise document control giving staff access to policies and Standard Operating Procedures from a single location. Kings College Hospital is already using Q-Pulse in areas such as Haematology and Cancer Services to help ensure compliance with ISO 9001 quality management standards. In the future, it also plans to use Q-Pulse to support the reduction of risk and adverse incidents.
Things appear to be progressing well for the Ideagen; its H1 trading update in November revealed that revenue and adjusted EBITDA were expected to be significantly ahead of H1 FY16, and underlying organic revenue was up c.12%. UK healthcare remains a significant part of its business, where, across all products and services, it currently supplies 75% of NHS Trusts. Budgets remain under tremendous pressure in the NHS as the population ages and demands on the service increase, but the need for greater efficiency in the sector will create further opportunities for Ideagen."
"Kings Interventional Facilities Management, part of Kings College Hospital, roll out Q-Pulse to drive quality improvements
08 January 2018
Ideagens Q-Pulse to support a move to a "robust system of operational compliance
Kings Interventional Facilities Management (IFM) is working with Ideagen to roll-out its Quality Management System, Q-Pulse.
The aim of the implementation is to centralise and standardise document control through the provision of a single location for all staff to access policies and Standard Operating Procedures (SOPs).
Kings IFM is a Limited Liability Partnership controlled by Kings College Hospital NHS Foundation Trust (KCH) and provides fully managed services including procurement, equipment and the supply chain for diagnostic and treatment facilities for the Trust.
It operates across all sites within the Trust, including Kings College Hospital, Princess Royal University Hospital and Orpington Hospital, with an annual turnover of circa £70 million and in excess of 150 staff. In addition, the IFM manages the procurement of an additional circa £300m of annual spend for the Trust.
"05 January 2018
Digitalisation & Industry 4.0 in Manufacturing
By Hannah Waugh
Manufacturers are experiencing a period of drastic change as digital transformation rises throughout the sector as part of what is called Industry 4.0 or the Forth Industrial Revolution.
This digitalisation trend adds pressures to traditional businesses, but also offers exceptional opportunities that will optimise production and increase efficiency. These changes revolutionise activities, processes, competencies and models through a mix of digital technologies with an accelerating impact across not only businesses, but across society and cultures.
Sparked by a shift in new demands from customers, Industry 4.0 is the name for the current trend of automation and new technologies in the manufacturing sector. The revolution brings changes in all areas of life and existing business models. For example, is it just me who has Amazons Echo Dot - Alexa - carry out mundane tasks such as turning on music or making phone calls out of sheer laziness and convenience? This is an example of the shift and a starting point for automisation and its effect on society and the way we all operate.
At a guess £500 to £1000 per user as a once off fee followed. By annual fees of maybe 20% of that figure. Maybe I did a good deal when buying it, maybe Commerzbank will have done an even better deal, difficult to say. On top of these figures there would be fees for training, installation, customisation etc, which may well double the initial contract value, but not the ongoing revenue. Do your own research, and my figures may well be very out of date.
Today IDEA stands at 200% of the price I paid. A most impressive run and I have no intention of taking profits because the management appears to have developed an excellent and timely product in the current age of MIFID II and huge compliance penalties. Thanks to my broker who recommended the stock.
"Ideagen to provide Commerzbank with internal audit software
04 January 2018
Commerzbank, a leading German international commercial bank with branches and offices in almost 50 countries, is to implement Pentana Audit , a software solution from Ideagen, for its global internal audit operations. Pentana Audit is Ideagens risk-based audit automation software solution used by over 450 organisations worldwide.
Commerzbank serves more than 18 million private and small business customers, as well as more than 60,000 corporate customers, multinationals, financial services providers and institutional clients. In 2016, it generated gross revenues of 9.4 billion Euros and employs almost 50,000 staff.
Ideagen specialises in providing compliance, audit, control and risk management solutions to banks, accountancy firms and financial services organisations and works with some of the worlds largest organisations in this area including BDO, BBVA and the European Central Bank.
Its Pentana Assurance suite of software which includes Pentana Audit, Pentana Performance and Pentana Disclose consolidates Ideagens efforts in creating a functionally complete and market leading internal audit, compliance and oversight software suite.
Colin Smith, Ideagens Head of Banking, Finance and Audit at Ideagen, said: This particular project is proof of our standing as one of the leading software providers to the global banking, audit and finance industry.
"WestRocks Multi Packaging Solutions adopts Ideagens Q-Pulse for quality management at all its global sites
19 December 2017
Ideagens software to be rolled out into Europe, North America and China
Multi Packaging Solutions, (MPS), a business of WestRock Company and a leader in value-added print and packaging solutions for the healthcare, branded consumer and multi-media markets, is investing in advanced software from Ideagen as it aims to standardise its quality management processes across all its 70 global sites.
Ideagen Q-Pulse will be rolled out across MPSs healthcare packaging operations in North America and Europe in the initial phase of the project. In phase II, the Q-Pulse software will be extended to the companys global branded packaging operations including several locations in China.
Denise Loughlin, Vice President Quality for Europe at MPS, said: The project with Ideagen will reinforce MPSs position as a truly global supply chain partner for its customers. The nature of our work means that we are a strategic partner to some of the leading pharmaceutical and healthcare organisations in the world. That can also be said for some of the largest consumer brands in the confectionery and spirits sectors across the globe.
The Q-Pulse system will support MPSs goal to offer its customers world class manufacturing quality standards. The software complements recent substantial investment in new printing presses and other ancillary equipment across the business.
"Labcold works with Ideagen to centralise quality & corrective action management
07 December 2017
Labcold, the UK medical refrigeration organisation, will work with Ideagen to centralise its quality management systems solidifying corrective action management and customer feedback.
The Basingstoke-based company, which was the first blood bank refrigeration manufacturer in the UK to gain a medical device certification, is to implement Ideagens Q-Pulse software across its UK operations.
Q-Pulse will help to modernise and centralise the management of Labcolds existing ISO 9001, 13485 and 17025 quality systems.
As well as improvements to both the raising of corrective actions and the management of customer feedback, Q-Pulse will enable Labcold to align inspections and standardise document control.
Michelle Rogers, Sales and Marketing Director, who is overseeing the Q-Pulse project at Labcold, said Q-Pulse will bring with it peace of mind in regards to quality management.
"Aggreko chooses Q-Pulse from Ideagen to manage its global supply chain
29 November 2017
The worlds leading provider of mobile, modular power and heating and cooling has purchased Ideagens flagship Q-Pulse software to manage its global supplier base in 200 locations around the world.
Aggreko expects Q-Pulse to help further improve its processes, including saving time and costs for Aggrekos customers in more than 100 countries.
A company of our size, and with our global reach, needs a state of the art supplier management system, said Martin Dolan, Aggrekos Global Head of Supplier Quality and Development.
Q-Pulse provides us with a central quality management system that will allow us to control the quality, performance and development of our suppliers.
We have offices, depots and service centres in more than 200 locations, so being able to manage our equipment efficiently in all those places helps us to bring our services to customers even more effectively, quicker and cost efficiently than ever.
Aggreko supplies mobile, modular power generation and heating and cooling equipment and services to a broad range of industries, including oil and gas, petrochemical and refining, events, manufacturing, utilities, construction and food and beverage, among others.
The Q-Pulse project will see the software implemented at operational hubs based on each major continent with a new global procurement team managing each region from their respective hubs.
Q-Pulse software will enable around 200 supplier surveillance audits per year. Aggreko will carry out regular calibration and asset maintenance assessments of equipment currently in use by its suppliers. Live data from the system will also enable Aggreko management to assess trends and potential risks from across the business quickly and efficiently.
This is a huge project for us, so we need the correct systems and tools in place. We strongly believe that Q-Pulse is that tool. Were excited to work with Ideagen and Q-Pulse. Our key processes are scheduled to be up and running globally by the end of 2017, so we expect to see immediate benefits and a quick return on our investment, said Martin.
The power to have live data globally will allow us to instantly act on emerging trends. Q-Pulse will help us to be more risk-averse in our approach to how we manage data. It will present us with live data from our manufacturing processes, highlight trends within that data and that will help us identify potential issues before they develop into more serious operational problems.
Ideagen Q-Pulse is used by hundreds of power generation organisations globally. AMong Ideagen's clients in this sector include Scottish Power Generation, Calor Gas, Sabic, Proserv, Fugro and Abu Dhabi Gas Industries."
At days' end hitting high of 95p last seen in June . Decent volume building , supported by steady flow of notification of contract awards assisted by the excellent reporting by Gretel makes the break out more likely than not .
Finncap retain their Buy and 108p target price, and note:
"The contract for delivery of the Q-Pulse quality management system again shows the scale of opportunity for the Ideagen software portfolio, across multiple sectors and territories, and with customers of significant calibre â with a beachhead contract potentially offering further inroads into additional territories for the same global customer.
Following the 7th November trading update reporting performance in line with expectations, Ideagen's momentum remains strong, with an attractive free cash flow yield into FY19 and continuing upside to achieve the Megabuyte accounting and enterprise software peer group index rating of 25x P/E into FY18 and FY19."
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