Iomart’s interims show another solid period of profitable, cash generative growth, in line with expectations. Of particular note were the acquisition two companies both specialising in the provision of eCommerce applications (Magento, in particular) which the group plans to use to firmly establish itself as a service provider of choice in this area. We’ve upgraded 2018/19/20 EPS forecasts by 1%/3%/1% and have also raised our target price to 427p, equivalent to 11.0x cal’18 EV/EBITDA. Iomart cont ....
05 Dec 2017
N+1 Singer - iomart Group - Solid interims with bolt-ons establishing eCommerce presence
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N+1 Singer - iomart Group - Solid interims with bolt-ons establishing eCommerce presence
iomart Group plc (IOM:LON) | 136 -0.7 (-0.4%) | Mkt Cap: 152.3m
- Published:
05 Dec 2017 -
Author:
Tintin Stormont -
Pages:
4
Iomart’s interims show another solid period of profitable, cash generative growth, in line with expectations. Of particular note were the acquisition two companies both specialising in the provision of eCommerce applications (Magento, in particular) which the group plans to use to firmly establish itself as a service provider of choice in this area. We’ve upgraded 2018/19/20 EPS forecasts by 1%/3%/1% and have also raised our target price to 427p, equivalent to 11.0x cal’18 EV/EBITDA. Iomart cont ....