![]() Iomart (LON:IOM) (£161m) - a profit warning here as the current financial year is likely to come in “at the lower end of the Board’s… They tend to drift back down gradually, after spikes up in price, so probably no immediate rush to buy back in. The shares look stunningly cheap to me, pity I wasn't able to hang on to mine. Broker forecasts have been raised several times. ![]() Online is growing nicely, in fact all channels are, but growth has slowed in recent months, as I would expect. This share looks incredibly cheap, largely backed by net cash, and trading encouragingly well, with its multi-channel glamorous but cheap product offering, which achieves high gross margins. ![]() Quiz (LON:QUIZ) - a smashing trading update from yesterday. Sounds very interesting! Also there's a positive-sounding trading update, with H1 in line with mgt exps, but well over half the full year forecast revenues are now in the bag, so looks like a beat against forecasts could be in the pipeline for FY 3/2023. Intercede (LON:IGP) - also from yesterday, there's an interesting acquisition - a tiny business called Authlogics, which is said to have specialist IP which will enable IGP to increase its addressable market by tenfold, filling a gap in the product suite. Overall, I like it a lot for the potential, and think that the current valuation seems about right. Outlook comments confirm confidence in achieving FY 6/2023 market expectations, although additional growth beyond that might take time to nail the contracts. Balance sheet is strong, after a £15m fundraise in April 2022. It's modestly profitable, but share option costs consume most of the underlying profits. This share is all about very rapid organic growth (revenues up 57%), mostly recurring. Agendaīeeks Financial Cloud (LON:BKS) (I hold) - written up last night, I review the contract wins announcement (helpful but not massive), and more importantly, the FY 6/2022 results. However, we've not forgotten about several other items, which we'll cover tomorrow. Today's report is now finished, as we've covered 6 companies, and don't want to overwhelm you.
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