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Iomart - Winning 15-20 new hosting customers a month

April 2010

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • IOM
  • Price:
  • 48.5p
Another NAP doing well - business wise. Iomart has announced that it is winning between 15 - 25 hosting contracts per month. These are typically high bandwidth users that require full managed hosting support for their activities. Three of the biggest deals worth a total of £1.6m were also announced, including a web platform for Doctors.net.uk, an online medical community; a server infrastructure deal with online late night community, tilllate.com; and a hosting contract with SocialGo, a social network. Furthermore, Iomart also said its fully hosted web-based security service is being deployed on up to 270,000 laptops - to be issued to underprivileged children under a government scheme (contract value undisclosed).Fo ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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