finnCap Research Company Notes - 7 January 2020
Jan 07, 2020 / News
Register here to access all finnCap corporate finance research
Sector: Technology & Telecoms
Ideagen (IDEA) : Corp
Retirement of CFO
Key data
- Share price (p) 191.5
- Target price (p) 180.0
- Market cap (£m) 428.2
- Enterprise value (£m) 446.4
Ideagen has announced the retirement of CFO Graeme Spenceley as of 1 July 2020. Graeme has served the group for over ten years, including most of the group’s 18 acquisitions and its July 2012 AIM IPO (moving up from PLUS markets) at a share price of 14p and £10.9m market cap. Having never missed a profit forecast, Graeme’s track record has been exemplary and his positive influence will remain through the non board part-time position as company secretary. Emma Hayes, currently Group Finance Director, Capital Delivery and Commercial at Severn Trent, will replace Graeme – Emma’s experience includes driving operational efficiencies through her 100-strong team, and previously leading origination and execution of a wide range of M&A transactions through ten years at Deloitte. We look forward to interims on 22 January.
Andrew Darley
020 7220 0547
finnCap operates an ‘access-for-all’ approach for corporate research, approved by the FCA and paid for by finnCap’s corporate clients.
Register here to access all finnCap corporate finance research