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Iomart (AIM:IOM) – sell off looks overdone, relative to quality of this business

10/12/2014 · iomart Group PLC (IOM) 

Half year results from the cloud hosting company looked quite reasonable, even allowing for the more cautious outlook, suggesting that the subsequent share price sell-off looked overdone.

Iomart owns and manages its own infrastructure, including state-of-the-art data centres in eight locations across the UK, and a private fast fibre network.

Revenue was up 28% to £31.5m, adjusted EBITDA up 44% to £14.0m, adjusted basic earnings per share from operations up 26% to 6.15p.

Results yesterday led to 5% downgrades and a share price down 20%!

Arden Partners offered some excellent thoughts on the circumstances surrounding the sell-off. They consider that…

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