Ideagen

Interesting update from Ideagen this morning:-

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12588283.html

The key line is for investors is:-

"Trading in the first half of the year remained strong. Revenues and adjusted EBITDA are expected to be significantly ahead of the same period last year and in line with market expectations."

Broker forecasts for year ending April 2016 are for revenues of £21.8m, pre-tax profit £5.7m and adjusted EPS of 2.7p. At the current share price of 50p the forward p/e is 18.5. The company boasts a strong balance sheet with no debt. Ideagen's current market cap. is £88m.

The company is cash generative and pays a small dividend. Gross margins are high and recurring revenues make up over 50% of total revenue. It's a company that certainly warrants further investigation.

I mention Ideagen since they are a very similar company to Access Intelligence. I don't own shares in Ideagen, but I do have a holding in Access Intelligence.

I last reported on Access Intelligence back in May 2015:-

http://michae1mouse.blogspot.co.uk/2015/05/intelligent-choices.html

Since then they have released encouraging interim results:-

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12472562.html

The company is currently valued at £14m and they usually release a trading statement in early December. I await news with interest.

TRAKM8

I notice that the Floow who work alongside Trakm8 on the Direct Line contract have been recognised for this work with a prestigious international Road Safety Award:-

http://www.thefloow.com/blog/posts/the-floow-awarded-prestigious-international-road-safety-award

"The Floow have received this award for work undertaken in collaboration with the UK’s largest insurer, Direct Line Group, and have been especially recognised for the “development and implementation of feedback to influence driver behaviour”."

"Launched in 2014, and primarily focused at younger drivers, by the end of September 2015 over 67,000 drivers had embraced Direct Line DrivePlus telematics insurance, and are making use of the feedback platform to become better drivers. That’s up by over 75% in 2015 to date.

The leading insurance group, working in partnership with Sheffield-based The Floow, aim for the number of users to further increase in the coming months as more people see the economic, environmental and safety benefits of understanding how they drive and how their safety can be improved."