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Iomart

June 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:
  • 55p
One of our 2010 NAPs and one of the few shares to hit new highs this month. As we said back in January Iomart was at a critical inflexion point, which gave it the propensity to beat forecasts. Its latest results for the year to 31 March show this, with a move into sustainable profits - a pretax profit of £1.7m and eps of 2p. Overall revenues were up 55% to £18.3m.When Iomart bought its five data centres two years ago it was effectively a startup operation but the intention was to offer managed hosting for large and medium-sized corporates. Sales were zero but the purchase of Rapidswitch last May (10 months in these results) at the slightly smaller end of the market, has accelerated the move to profitability with the hosting side ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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