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